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Readme [11.4K]
3 years ago
6

Effective December 15th, 2018, the operating leases will be recorded: A) as an asset and liability on the balance sheet of the l

essee with a value equal to the estimated residual value of the leased asset. B) in the footnotes rather than on the balance sheet of the lessee. C) on the balance sheet of the lessee with value equal to the present value of future lease payments. D) only on the balance sheet and income statement of the lessor. E) only on the income statement of the lessee as each lease payment is expensed.
Business
1 answer:
Shalnov [3]3 years ago
4 0

Answer: C) on the balance sheet of the lessee with value equal to the present value of future lease payments.

Explanation:

According to IFRS 16 and US GAAP ASC 842 which commenced Jan 1, 2019 and Dec 15, 2018 respectively, Lease payments are to be recognized on the balance sheet of the Lessee at the present value of the future payments on the lease.

The discount rate to be used will be implicitly stated in the lease agreement if both parties were able to determine it.

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Today, most salespeople are well-educated, well-trained professionals who work to build and maintain long-term customer relation
stepladder [879]

Answer:

b. False

Explanation:

The above is false because sales people are supposed to build and maintain long term relationships with their customers by listening to and assessing their needs and not teaching their customers. Sales people create a concerted effort towards solving those needs experienced by their customers.

A salesperson represent the image of the company he or she is selling for, hence must be professional and well trained because the company gets profit through his interactions with the customers. This means that before the company gets profit, customers must be satisfied because these salespeople act as critical link between the company and its customers.

4 0
3 years ago
As one of the seven habits of strong ethical leaders,________ is “the glue that holds ethical concepts together.” this trait can
Furkat [3]
The passion to do right
6 0
3 years ago
Wiggle Pools has total equity of $358,200 and net income of $47,500. The debt-equity ratio is .68 and the total asset turnover i
Westkost [7]

Answer:

It is 6.58%

Explanation:

Debt-Equity Ratio = Debt/Equity

0.68= Debt/358,200

Debt = 0.68 x 358,200

Debt = $243,576

Total Asset Turnover = Revenue/ Total Asset

Total Assets = Debt + Equity = $243,576+ $358,200=$601,776

1.2= Revenue/601,776

Revenue= 1.2 x 601,776

              =$722,131.20

Profit Margin = Net income/ Revenue x 100%

                       = $47,500/$722,131.20 x100%

                       = 6.58%

6 0
3 years ago
Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?a. Hiring former em
Paha777 [63]

Answer:

a. Hiring former employees from other companies and assessing their knowledge.

Explanation:

"Benchmarking" is<em> a process conducted by a company when it wants to compare its performance with other competitors.</em> In order to do this, the company needs to look into <em>specific metrics</em> and<em> </em>approaches in order to analyze their company's operation and how well it does compared to others.

Hiring former employees from other companies and assessing their knowledge is not a typical/common strategy in order to obtain benchmarking data. Not many companies would like to rehire and if they ever do, it will be hard to use the benchmarking data since the former employee's company might be totally different from yours. Remember that competitive benchmarking is only done when you want to compare with your<u> competitors in the same field of business.</u>

6 0
3 years ago
Employees at an insurance company were complaining about the form used for evaluating employee effectiveness. Their complaints w
jarptica [38.1K]

Answer:

Procedural

Explanation:

-Procedural justice refers to having a fair and transparent process that is used to make decisions.

-Interpersonal justice refers to treating people affected by a procedure in a respectful way.

-informational justice refers to letting people know why certain decisions were made.

-Distributive justice refers to a fair distribution of resources among people.

According to this, the answer is that their complaints were related to procedural justice because when they complaint about the form used for evaluating employee effectiveness they are talking about the process that is used to make the evaluations.

The other options are not right because the situation doesn't refer to how people is treated, the information of the process or the distribution of resources.

8 0
3 years ago
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