Answer:
Perry's earnings will be increased by $21,000 due to this lease.
Explanation:
Increase in earning is the difference of price of the lease and the cost incurred for the lease of asset.
Fair value$155,000
Cost = $134,000
Profit on sale = $155,000 - $134,000
Profit on sale = $21,000
As equipment was leased on December 31 So, no interest is earned in year 2018. $21,000 will be added to the earnings of Perry in 2018 due to this lease.
Answer:
Accounts Receivable $1,600; credit Cash $1,600
Explanation:
According to the given situation, the Journal entry is shown below:-
Accounts Receivable Dr, $1,600
To Cash $1,600
(Being accounts receivable is recorded)
To record the accounts receivable we debited the accounts receivable and we credited the cash to correct the error.
Answer: Prototype
Explanation: A prototype is a first, original sample, release of a commodity made to assess an idea or procedure. It is commonly utilized to assess a fresh design which is mostly in a raw form, to improve accuracy by network reviewers and users.
A prototype attends to give specifications for an actual, functioning system rather than a hypothetical one. It usually has similar characteristics with a new commodity but has distinct production procedures.
Answer:
C. The Robinson–Patman Act of 1936
Explanation:
The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.
The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.
The stakeholder group with the most power over the organization is the board, whose power is gained through formal positions.
<h3 /><h3>How is the board of directors formed?</h3>
It is formed by the company's owners, investors and shareholders, who occupy the highest hierarchical positions and have the greatest decision-making power over organizational actions.
The distribution of power in a company can motivate employees, because leadership is able to influence positive attitudes.
Therefore, in some companies, there is also the decentralization of functions, generating greater autonomy in the lower hierarchical positions.
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