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Komok [63]
3 years ago
13

Briarwood Company enters into a lease for the use of a new piece of equipment. The term of the lease is 3 years, and Briarwood e

stimates the economic life of the equipment to be 4 years. The present value of the lease payments is $58,000. The lease is considered a finance lease. The journal entry to record the initial transaction will include a
Business
1 answer:
WITCHER [35]3 years ago
4 0

Answer:

Dr. Right of use asset $58,000; Cr. Lease liability $58,000

Explanation:

                                       Journal entry

Date     General Journal                       Debit       Credit

            Right of use of asset             $58,000

                    Lease Liability                                  $58,000

            (Entry to record the initial transaction)

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What is the best online marketing service provider around the world?
SIZIF [17.4K]

Answer:

Let me name a few...

Explanation:

1.Digital Marketing Agencies in USA

2.Digital Marketing Agencies in UK

3.Digital Marketing Agencies in Australia

4.Digital Marketing Agencies in Canada

5.Digital Marketing Agencies in Netherlands

6.Digital Marketing Agencies in India

hope this helped :)

3 0
3 years ago
What is a well-informed, but often neglected, source of free marketing data? A. infomercials B. college professors C. Secondhand
klemol [59]

The correct answer is option B - COLLEGE PROFESSORS. The Academia is a brilliant source of free marketing data, and they are very knowledgeable and well-informed. However, the academia is often neglected because entrepreneurs usually ignore and/or overlook them

4 0
3 years ago
Which group of words be describes wants?
kirill [66]

Answer:

Explanation:

I'm describing the word: wants

Some regular equivalent words of need are pine for, ache for, want, and wish. While every one of these words signify "to have an aching for," need explicitly proposes a felt need or need. Also, " desire, crave, covet."

3 0
3 years ago
The Nixon Corporation’s common stock has a beta of 1.3. If the risk-free rate is 4.4 percent and the expected return on the mark
Xelga [282]

Answer:

11.68%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 4.4% + 1.3 × (10% - 4.4%)

= 4.4% + 1.3 × 5.6%

= 4.4% + 7.28%

= 11.68%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

8 0
3 years ago
Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February
OverLord2011 [107]

Answer:

Debit Inventory $40,600

Credit Cash account $40,600

Being entries to recognize the cost of inventory

Explanation:

The initial recognition of inventory is to be done including all the cost incurred in bring inventory to the place of use or storage. These includes freight and the cost of the item. When inventory is purchased on account, entries required are Debit Inventory, credit account payable. Where cash is paid, the debit is same but the credit entry is posted to the cash account.

Hence total cost incurred (which is the cost of inventory)

= $40,000 + $600

= $40,600

6 0
3 years ago
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