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ValentinkaMS [17]
3 years ago
13

On January 1, Year 1, Samuel Company leases equipment from Lease Corp. The lease agreement specifies five annual payments of $50

,000, with the first payment due at lease signing (January 1, Year 1), and at each January 1 from Year 2 to Year 5. At the end of the lease term, the equipment will be returned to the lessor and is expected to have a residual value of $30,000. The estimated useful life of the equipment is six years. The interest rate in the financing arrangement is 6%. The cost to Lease Corp of manufacturing the equipment is $150,000. The journal entry for the Lessor on January 1, Year 1 will include __________-
Business
1 answer:
Marrrta [24]3 years ago
4 0

Answer:

Cash (Dr.) $50,000

Lease Receivable (Cr.) $50,000

Explanation:

Lessor is the person who leases the item to gain financial benefit from the asset user lease. Lessee is a person who uses the assets but does not owns it so he pays lease rentals. In the given scenario the lease recoding at inception in the lessor books will be cash debit and lease receivable credit.

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Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; is
Nadya [2.5K]

Answer:

One parent organism and no egg or sperm

Explanation:

5 0
4 years ago
Suppose that in 2014, currency in circulation was $950 billion, required reserves were $60 billion, and excess reserves were $84
Studentka2010 [4]

Answer: $1,850 billion

Explanation:

The following were given in the question:

Currency in circulation = $950 billion

Required reserves = $60 billion

Excess reserves = $840 billion

Open market operations = $70 billion

The monetary base will be the value of all the currency in circulation plus the reserves that is held by the banks and this will be:

= $950billion + $60billion + $840billion

= $1,850 billion

4 0
3 years ago
Which is an expert system used for monitoring what consumers are saying in blogs, comment sections, message boards, and Web-base
Alexus [3.1K]

The COGITO is an expert system that is used to monitor what consumers are saying in blogs, comment sections and web based articles.

The COGITO is a system that helps to check how well a communication is going. It gives real time coaching to professionals.

The COGITO is used to know the perception that the users have on certain issues.

It helps by listening to the tone, the pitch and the frequency of words that the customers use.

Read more on brainly.com/question/17574638?referrer=searchResults

3 0
3 years ago
Which pricing strategy simplifies the pricing decision by pricing different products in a product line at different price points
Tema [17]

Answer:

Price lining

Explanation:

Price lining can also be called product line pricing, it is a marketing strategy where a business prices its offerings according to the quality, features, or attributes to differentiate it from other similar offerings.

In other words, price lining is a process of grouping similar offerings under different price brackets, each varying slightly by the quality features, or attributes on offer. These brackets usually tend to start low and go higher in price.

8 0
4 years ago
When most economists wake up in the morning, their first decision is whether or not to his the snooze button on the alarm clock.
lions [1.4K]

Answer:

The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.

Explanation:

Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.

In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.

3 0
3 years ago
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