I feel like it’s depreciation I need help please

Paul worked as an artisan at a furniture company where a set of artisans were required to produce a specific part of a product,

SpyIntel [72]

Answer:

Challenge

Explanation:

Challenge is considered as an entrepreneurial advantage because it tend to 'force' people to actively improve themselves and find out inventive way to solve a problem.

When people feel that their job is not challenging enough, overtime they will feel that their activities become stale and boring. This will lead to the situation where they become unmotivated to even to come to work.

Having enough challenge at your work will keep you curious.

Like Paul, your work will make you feel excited and strive to prove yourself. This will make you constantly try to adapt to new things and keep improvising your craft.

6 0

3 years ago

Assume that IBM leased equipment that was carried at a cost of $92,000 to Carla Vista Company. The term of the lease is 6 years

borishaifa [10]

Answer:

(To record the lease)

Lease Receivable -------- $92,000 (Debit)

Equipment -------- $18,427 (Credit)

(To record the lease first payment)

Cash -------- $92,000 (Debit)

Lease Receivable -------- $18,427 (Credit)

Explanation:

Given:

Lease Amount (Present Value) = $92,000

Rental Payment = $18,427

Term of Lease = 6 years

Equipment Useful Life = 6 years

Implicit Interest Rate = 8%

To prepare IBM's December 31, 2020, we'll make use of the following entries.

To record the lease itself:

1. Lease Receivable (Debit)

2. Equipment (Credit)

To record the lease first payment:

3. Cash (Debit)

4. Lease Receivable (Credit)

Only the first lease payment is considered because the commencement date of the lease is December 31, 2019; Between December 31, 2020 and December 31, 2019, only one payment (i.e. the first payment) is expected to have been recorded.

The recorded entry is as follows;

(To record the lease)

Lease Receivable -------- $92,000 (Debit)

Equipment -------- $18,427 (Credit)

(To record the lease first payment)

Cash -------- $92,000 (Debit)

Lease Receivable -------- $18,427 (Credit)

3 0

3 years ago

What is one reason individuals and corporations contribute so generously to charitable organizations?

Studentka2010 [4]

Answer:

Donations to charitable organizations are tax deductible.

Explanation:

The government see charitable organizations similarly as they view welfare programs , since it allocates a certain amount of wealth from the rich to the poor. This is why most countries in the world will allow charitable donations as tax deductible.

That being said, research conducted by Oxfam report actually showed that Companies actually use this rule as a loophole to escape tax payment. Their finding indicates that between 2008 -2014 alone, US corporations has use this loophole to hide around $1.4 Trillion worth of Taxes.

7 0

3 years ago

Expansionary fiscal policy is used by the government to A. control inflation. B. reduce the national debt. C. create new jobs in

Ksivusya [100]

Answer:

Option C: Create new jobs in the economy

Explanation:

Fiscal policy is a federal government ability to keep the economy stable through highing or lowering taxes or government spending.

Expansionary Fiscal Policy is simply described as the higher rate in purchases by government, lower rate in net taxes that is targeted soas to bring about higher aggregate demand enough to lower unemployment back to equilibrium. Government aim to reduce unemployment by providing more jobs for the people.

Expansionary fiscal policy aim to decrease unemployment byincreasing government spending and/or lowering taxes.

3 0

3 years ago

In double-entry accounting, where should you record money that is leaving your company to pay bills? A. In the debits column B.

Andre45 [30]

B. In the credits column

6 0

4 years ago

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