Answer:1). Finance lease. 2). Operating Lease. 3). Operating Lease
Explanation: A lease is contract by which one party conveys a property to another for a specified term. The two common types of Lease are Finance Lease and Operating lease.
A Finance Lease is a method of financing assets where the asset remains the property of the finance company that hires them and the lessee pays for the hire of the asset. Here, there is an option to purchase the asset.
An Operating Lease on the otherhand is a lease where the risk and return remains with the Lessor.
Answer:
$13,740
Explanation:
In the perpetual method of inventory valuation, the inventory balance is updated constantly after each transaction. In this problem, the initial balance is $36,000, purchases of new inventory will increase the balance, while returns, discounts and goods sold will decrease the balance. If the ending inventory is $29,500, the cost of goods sold (C) is determined as:
The cost of goods sold was $13,740.
Answer:
1. The slope is negative.
2. 0.81
Explanation:
The slope of the regression line is definitely negative
A linear equation has its regression line as
T = a + bc
The slope of the regression line is known as b.
From the question, b = -0.9
Therefore the slope of the regression line is negative.
B. Coefficient of determination = r²
r =(-0.90)
r² = 0.81
Answer
356.75 ≅ 357 Clocks
Explanation
VC = Variable cost per clock = $6 per clock
SP = Selling price per clock = $24 per clock
TFC = Total Fixed Costs = $6,600
If the Variable Cost decreases by $0.50
the the new variable cost = = $6 - $0.5 = $5.5 per clock
Break-Even Point (Units) = Fixed Costs ÷ (Sales per Unit – Variable Cost per Unit)
= $6,600 ÷ ( $24 per clock - $5.5 per clock)
= 356.75 ≅ 357 Clocks
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