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notsponge [240]
3 years ago
6

A six-year Finance Lease entered into on December 31 of the current year specified equal annual lease payments due on December 3

1 of each year. The first annual lease payment, paid on December 31 this year, consists of which of the following?
1. Interest expense
2. Lease liability

a. Yes Yes
b. Yes No
c. No Yes
d. No No
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

C

Explanation:

Finance lease is an indirect way of providing a finance for an asset through a lease arrangement. The lessor acquires the asset and leases it out to the lessee , however , the lessee recognizes the leased asset as an asset in its book provided certain lease conditions are met.

The two components of finance lease obligation are Interest and the lease payment.

In this scenario , as the payment was made at the onset of the lease arrangement , no interest expense has accrued and none will be recognized. The first lease payment made will reduce the lease liability of the asset as agreed in the arrangement. .

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Groups of related business activities such as the acquisition of merchandise and payment of vendors are called:_________
liraira [26]

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.

A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.

A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.

Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.

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3 0
1 year ago
a common measure of implicit attitudes is the task. this assesses how quickly a person can label the valence of an attitude obje
marissa [1.9K]

"Evaluative priming" refers to how quickly a person can identify an attitude object's valence when it appears right after a positive or negative image.

<h3>Define the term evaluative priming?</h3>

A technique known as a "evaluative priming exercise" (EP) uses phrases or images to prime participants before asking them to sort the words (or images) onto categories to uncover the underlying links between concepts.

  • A measure of implicit attitude based on the fact that the speed of evaluating a target attitude object is accelerated by a prime (i.e., this same prior presentation of a different attitude object)
  • Evaluatively consistent the with target and inhibited by such a prime which is evaluatively inconsistent also with target.

Thus,  the task is a typical indicator of implicit sentiments. "Evaluative priming" measures how quickly a subject can categorize the valence of the an attitude item when it appears just after a favorable or unfavorable image.

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6 0
11 months ago
What are the criticisms of fiscal policy
vesna_86 [32]

Answer:

Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.

There are several of criticism that usually found on fiscal policies.

- Time Lags.

The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.

- Strengthening foreign influence

One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.

- It could create a budget deficit for the next government officials.

Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt.  Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

4 0
3 years ago
Treasury bonds paying an 10.00% coupon rate with semiannual payments currently sell at par value. What coupon rate would they ha
andrezito [222]

Answer:

10.25%

Explanation:

The requirement which is Coupon rate can be calculated using EAR formula.

EAR = (1 + APR/n)^n - 1

EAR = (1 + 10.00%/2)^2 - 1

EAR = (1 + 0.1/2)^2 - 1

EAR = (1 + 0.05)^2 - 1

EAR = (1.05)^2 - 1

EAR = 1.1025 - 1

EAR = 0.1025

EAR = 10.25%

10.25% is the coupon rate for annually paying bond.

3 0
3 years ago
Karishma and Stephen, co-owners of Roundtree Corporation, are discussing a new benefits package they are considering for their e
nalin [4]

Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.

The following information should be considered:

For shareholder:

  • It is the owners of the company,
  • It could be equity or preference shareholder.
  • It should be considered when they are limited by shares.

For stakeholder:

  • They are not the owners but have an interest in the company.
  • Each company contains the stakeholder.
  • It includes the creditors, government, etc.
  • It should be considered for the performance of the company.

Therefore we can conclude that Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.

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6 0
2 years ago
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