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natulia [17]
2 years ago
6

Sub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free bra

inlyist
Business
2 answers:
horrorfan [7]2 years ago
8 0

Answer:

ok?

Explanation:

oee [108]2 years ago
5 0

ah yes the great "Business" move

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Skor Co. leased equipment to Douglas Corp. on January 2, 2011 for a 7-year period expiring December 31, 2017. Equal payments und
ExtremeBDS [4]

Answer:

$2,400,000

Explanation:

Always remember that in the case of a sales type lease, the lessor at the inception of the sales type lease would recognize sale of equipment at a price of present value of the lease payments which is $2,800,000 and cost of goods sold will be recorded at cost of equipment which is $2,400,000.

Case 1: If the equipment was an inventory then the double entry would be as under:

Recording of Sales:

Dr Lease Asset $2,800,000

Cr           Sale of Inventory $2,800,000

Recording of inventory out:

Dr Cost of Goods Sold $2,400,000

Cr           Inventory Account $2,400,000

Case 2: If the equipment was fixed asset then the double entry would be as under:

Recording of Sales:

Dr Lease Asset $2,800,000

Cr       Sale of Fixed Asset $2,800,000

Recording of equipment handing over to customer:

Dr Cost of Goods Sold $2,400,000

Cr        Equipment Account $2,400,000

In both of the cases the cost of goods sold will be $2,400,000.

4 0
3 years ago
Widget, a manufacturer of widgits, agreed to supply Midgit all the widgits that Midgit needed in his gidgit business. For severa
ZanzabumX [31]

Answer:

It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.

Explanation:

Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.

4 0
3 years ago
Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F
ololo11 [35]

Answer:

The answer is "\$6,000".

Explanation:

Please find the complete question in the attached file.

We take her automobile value (\$15,000) to reach this result and reduce it (\$15,000 - \$9,000). That's a \$6,000 equity, that's why Theresa has a capital of\$6,000.

8 0
3 years ago
Ramirez Corporation is subject to income tax only in State A. Ramirez generated the following income and deductions. Federal tax
Alborosie

Answer:

a. $495,000

Explanation:

Data provided

Federal taxable income = $500,000

State A income tax expense = $45,000

Depreciation Modification = $300,000, $250,000

The computation of taxable income is shown below:-

Federal taxable income + State A income tax expense - Depreciation Modification

= $500,000 + $45,000 - ($300,000 - $250,000)

= $545,000 - $50,000

= $495,000

8 0
3 years ago
What is the risk posture for each particular system as it contributes to the overall risk posture of the organization
Nutka1998 [239]

Please find attached full question Answera and Explanation:

Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.

7 0
3 years ago
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