Answer:
The expenses of the finance lease and operating lease are equal
Explanation:
A lease is an agreement wherein the the lessor allows the lessee to use an asset for a fixed period in return for periodical lease rentals.
Leases are of two types, operating and finance. In the latter, the lessee has the option to buy the asset on lease, at the end of the lease term at a very reduced value. In case of operating lease, the lessor remains the owner upon the termination of lease.
Expenses refer to lease rental payments made by the lessee to the lessor. Considering, the lessor wants a desired rate of return from leasing activity, the lease rentals under both would be structured to give him the same desired return.
This means, the expenses of both finance and operating lease would be equal.
Answer:
$159,500
Explanation:
Total assets = $870,000
Total liabilities = $745,000.
Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,
Total equity = $870,000 - $745,000
= $125,000
Increase in asset during the year = $59,000
Increase in liabilities during the year = $24,500
Therefore, increase in equity
= $59,000 - $24,500
= $34,500
At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,
current year's stockholders' equity = $125,000 + $34,500
= $159,500
Answer:
Lifelong Learning
Explanation:
This is an example of Lifelong Learning. This term refers to when an individual pursues knowledge in any and all shapes and forms from their own free will. This means that they are voluntarily going after knowledge and taking every opportunity to learn more without being forced to do so. Usually, because they believe that knowledge is power and want to learn because they like to do so. This is exactly, what Veronica is doing by taking full advantage of any opportunity that becomes available for her to learn any new skill.
NExplanation: Subscirbe my ninjas
