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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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What is advertising?​
Mashutka [201]

Answer:

It’s when you convince people to buy a product, or service. Marketing is used in this.

Explanation:

3 0
3 years ago
Initially, suppose Bellissima uses 1 million hours of labor to produce rye and 3 million hours to produce jeans, while Dolorium
vodka [1.7K]

Answer:

Bellisima's opportunity cost:  

Production of rye per million hours of labor = 24 / 12 = 2 pairs of jeans

Production of jeans per million hours of labor = 12 / 24 = 0.5 bushels of rye

Dolorium's opportunity cost:  

Production of rye per million hours of labor = 32 / 8 = 4 pairs of jeans

Production of jeans per million hours of labor = 8 / 32 = 0.25 bushels of rye

Dolorium has a comparative advantage in the production of jeans while Bellisima has a comparative advantage in the production of rye.

If both countries specialize:

Bellisima will produce 48 million bushels of rye.

Dolorium will produce 128 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 24 million pairs.

4 0
3 years ago
You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no
mel-nik [20]

Answer:

5.784%

Explanation:

PV = $91000

PMT = -$1750

N = 60

FV = $0

<em>Using the financial calculator to solve for I/Y</em>

Interest yield = CPT I/Y(91000, -1750, 60, 0)

Interest yield = 0.00482

Interest yield = 0.482%

Highest rate APR = 0.482%*12

Highest rate APR = 5.784%

So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.

3 0
3 years ago
In the study of bystanders and thieves presented in the text, participants are invited to a store where they see someone steal t
Anettt [7]

Answer:

C. State of being alone or with another person

Explanation:

In the whole scenario, the independent variable is state of being alone or with another person.

5 0
3 years ago
Read 2 more answers
Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is
elena-s [515]

Answer: $‭46,950‬

Explanation:

a. All sources of income should be included including illegal ones.

b. Gain = 1,000 (32 - 31)

= $1,000

c. Gain = Amount received - Amount paid apportioned per year

=  25,000 - (210,000/20)

= 25,000 - 10,500

= $14,500

d. Not included as disability benefits are not included.

e. The $300 is deductible but the $200 that went towards car payment is not.

f. Taxation principles require that the person taxed should be the person earning the income so Ken will not be charged on the $1,100

g. The relevant figure here is the tax benefit before the $610 refund.

Ken claimed $6,250 in itemized deduction but the standard deduction is $6,200. Ken gained;

= 6,250 - 6,2000

= $50

h. The $30,000 is included as Ken earned it.

Gross Income = 1,200 + 1,000 + 14,500 + 200 + 50 + 30,000

= $‭46,950‬

3 0
3 years ago
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