A lessee with an operating lease should amortize the leased asset over the:_____
a. none of these are true
b. life of the asset or the term of the lease, whichever is shorter
c. life of the asset or the term of the lease, whichever is longer term of the lease

Answers

Answer 1

Answer:

A

Explanation:

A lessee is the party that pays for the use of a leased asset under a leasing arrangement.

One major difference between the finance and operating lease is that while the lessee carry the leased asset as an asset in its book under the finance lease , the operating lease does not permit that , but it only record the lease obligation as an expenses in its income statement . To this effect , the lease agreement with an operating lease does not allows either depreciating or amortizing the leased asset


Related Questions

An economy that has the lowest opportunity cost for producing a particular good is said to have a(n): A. absolute advantage. B. comparative advantage. C. production possibilities curve. D. increasing opportunity cost. E. free-trade zone.

Answers

Answer:

B. comparative advantage

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 20 kg of beans and 5kg of rice. Country B produces 5kg of beans and 20kg of rice.  

for country A,  

opportunity cost of producing beans = 5/20 = 0.25

opportunity cost of producing rice = 20/5 = 4

for country B,  

opportunity cost of producing rice = 5/20 = 0.25

opportunity cost of producing beans = 20/5 = 4

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

A special assessment creates a voluntary tax lien if:_______

a. all taxpayers in a taxing district have voted for it.
b. the affected property owners have requested the improvement.
c. a taxing entity initiates the assessment.
d. the improvement to be funded is for the general good.

Answers

Answer: the affected property owners have requested the improvement

Explanation:

A voluntary lien is simply a claim that an individual has over another individual's property as security which will be used for debt payment. It should be noted that liens are not attached to the person but the property.

A special assessment creates a voluntary tax lien if the affected property owners have requested the improvement.

When rent is paid in advance for 2 years, it is appropriately recorded as a(n) Blank 1 of 2, whereas when rent is paid and used during one month, it is appropriately recorded as a(n)

Answers

Answer:

Asset; expense.

Explanation:

When rent is paid in advance for 2 years, it is appropriately recorded as an asset because it adds value, whereas when rent is paid and used during one month, it is appropriately recorded as an expense because it has been spent.

An asset can be defined as an resources owned and controlled by an individual or organization, which is capable of providing future economic benefits or has the potential to produce positive economic value. Assets can be used to generate revenue in the future or even in its present state depending on the choice of the owner.

On the other hand, an expense is a term used to describe money spent or cost incurred by an individual or organization.

The labor demand curve shows how many workers the firm is willing to hire Group of answer choices at any given wage. into high-skill jobs. at a particular amount of labor supplied. when demand for the firm's output is low. at any particular time.

Answers

Answer:

at any given wage

Explanation:

The labour demand curve shows the number of workers that a firm is willing to hire at a given wage rate. The higher the wage, the lower the quantity of labour demanded and the lower the wage, the higher the number of workers hired. For this reason, the labour demand curve is downward sloping

Please check the attached image for a graph showing the labour demand curve

Punitive damages are: Group of answer choices money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing. money damages whose amount the parties designate during the formation of a contract for the injured party to collect as recompense upon a specific breach. money damages to recompense for economic losses, or losses stemming from injuries. very small damages awarded to show that the loss suffered was technical rather than actual. pre-established damages for cases where calculating a correct sum is deemed difficult.

Answers

Answer:

money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

Explanation:

Punitive damages are money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

In litigations, the amount of money awarded by a court of competent jurisdiction to punish a defendant for a crime committed or such wrongdoings (gross and wanton negligence) and by extension serves as a deterrence to others is known as a punitive damage.

Answer:

money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.Explanation:

o
What is not a key to building a sustainable business or dream?
O Monitoring the process
O Breaking the goal into manageable pieces
ODoing everything on your own
O Establishing a goal

Answers

3.Doing everything on your own.
It would be 3 I believe

Like the CISSP, the SSCP certification is more applicable to the security__________ than to the security __________.
A) technician, manager
B) manager, engineer
C) manager, technician
D) technician, executive

Answers

C) manager, technician

Like the CISSP, the SSCP certification is more applicable to the security manager than to the security technician. Thus, option C is correct.

What is the role of security manager?

Security managers are responsible for managing all aspects of a company's asset protection, including employee and customer safety, inventory loss prevention, and theft prevention. These experts create and implement security standards and make sure that all employees of the organization abide by them.

As a security manager, you can be in charge of employing security personnel and managing a budget for security activities. Security managers may work in government agencies, privately owned companies, corporations, or retail establishments. Typically, experience and reputation within an organization allow security professionals to advance to the position of security manager. One day, a security manager may decide to start their own security business. In most cases, a high school diploma or GED is a minimum requirement.

Therefore, we can conclude that option C is correct.

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When the individual labor supply curve is positively sloped, the _____ effect dominates and higher wages lead to _____ hours worked.

Answers

Answer: substitution; more

Explanation:

When the individual labor supply curve is positively sloped, the substitution effect dominates and higher wages lead to more hours worked.

Labor supply has to do with the hours that workers will like to work at a particular wage rate. A higher wage will typically make workers want to spend more hours to work and therefore the substitution effect simply meams that the labour supply curve will be positively sloped.

In collecting data for nonresidential property analysis, it is helpful to understand the business community that currently exists in the specific area in question. A preliminary approach for ascertaining the number of firms by size, industry, and location is to obtain data from

Answers

Answer:

U.S. Bureau of the Census: County Business Pattern

Explanation:

The U.S Bureau of census refers to the department of the federal government i.e held to count the overall population of the country with respect to the size, location, type of industry, sex, age, and other information

Therefore in the given situation, while collecting the data for non-residential, The U.S Bureau of Census of the business pattern is needed so that the data could be obtained

Being less dependent on suppliers and making profits on both parts and the final product are advantages of:_______.

Answers

Answer:

vertical intergrations

A Registered Investment Adviser (RIA) is formed as a partnership. The RIA intends to charge an incentive fee that is based on investment performance. Under NASAA rules, the RIA:

Answers

Answer:

Explanation:

NASSA rules are set of laws enacted to guide the administration of business and trading activities. Some of the NASAA are protection of vulnerable adults from financial exploitation and guides against unethical practices by investment advisers.

NASSA rules does not forbid RIA from charging an incentive fee based on investment performance, however , it must be able to prove that the fee charged is fair , reasonable and affordable by the customer , in as much as the customer is not being financially exploited.

Answer:

k

Explanation:

The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion

Answers

Answer:

The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

Explanation:

To calculate the GDP in a particular year after 2001, we know the equation will be,

GDP = 112 * (1+0.043)^t

Where,

t is the time in years

If we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.

200 = 112 * (1+0.043)^t

200 / 112 = (1.043)^t

1.785714286  =  (1.043)^t

Taking log on both sides and dividing the equation for t.

log(1.785714286) / log(1.043)  = t

t = 13.772 years rounded off to 14 years

So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

__ describes competition between states and localities, where cutting social services lowers taxes, thereby attracting new businesses and the middle-class.

Answers

Answer:

race to the bottom

Deanna manages a large department store, and as a result, she has the capacity to give the store's employees written warnings, reduce their work hours, or fire them if they do not perform adequately. This is an example of her __ power.

Answers

Answer:

B) Coercive power

Explanation:

Coercive power refer to a power in which the organization forces the employees to do the work as per the given guidelines or instructions and if this things are not happened so they punish the employees if this is not be done. It can be in terms of firing, written warnings, etc

Therefore the given situation represents  the coercive power example and the same is to be considered

You are fortunate to receive multiple job offers after graduating from college. You find the decision-making very difficult, but once you decide on an offer to accept, you notice yourself _______ the job offers that you did not accept.

Answers

Answer:

downgrading

Explanation:

It is human nature and mentality to consider the opportunities we have as the best and that we do not have or those declined by us to be of lower value.

Similarly, when a person chooses a job opportunity out of multiple jobs provided to him, he considers his decision to be the best one.

Accordingly the job chosen by him ranks first in order of satisfaction, whereas all other jobs that are not chosen by him shall stand of lower value to him.

Thus, he downgrades all the remaining jobs not chosen, so that his present job stands first and of best satisfaction.

At Finafax Inc., employees share information freely, irrespective of their departments and areas of functionality. They use coordination to maintain ongoing positive relationships and for effective problem solving rather than solely for formal communication. Given this information, it can be concluded that Finafax Inc. most likely focuses on _____.

Answers

Answer:

relational coordination

Explanation:

Based on this description it seems that Finafax Inc. most likely focuses on relational coordination or RC for short. This term refers to a mutually reinforcing process of communicating and relating for the purpose of task integration. In other words, they focus on communicating and building work relationships in order to integrate tasks and increase efficiency in their workplace.

Jones Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $24,000 Provided services on account, $49,000, of which Jones collected $28,000 Received $4,000 on December 1 for services to be provided evenly in December and January. According to the revenue recognition principle, how much revenue should Jones record for December?

Answers

Answer: $51,000

Explanation:

Jones Distributors following the Revenue recognition principle means that they will only recognize revenue when they have earned it i.e, when they have provided the services for which they were paid to do.

They provided services on account for $49,000 in December

They received $4,000 to provide services evenly in December and January which means that half was done in December so;

= 4,000/2

= $2,000

Total revenue in December = 49,000 + 2,000

= $51,000

Company ABC operates a nail salon that specializes in artificial nails. It has two primary __________, women who get their nails done infrequently (i.e., once or twice per year), and women who continuously wear fake nails

Answers

Answer:

Explanation:

Company ABC operates a nail salon that specializes in artificial nails. It has two primary clients, women who get their nails done infrequently (i.e., once or twice per year), and women who continuously wear fake nails

The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is

Answers

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

If the marginal damage caused by a certain type of pollution is $100 billion and the marginal cost of abatement is $180 billion, then:

Answers

Options :

A) society would be better off with zero pollution.

B) society would be better off if emissions were increased.

C) command and control policies should always be used.

D) Society would be better off if emissions were reduced

Answer:

Explanation: The marginal damage resulting from an emission refers to the extra damage resulting from the extra unit of emission released. Whereby the marginal cost of abatement refers to the cost incurred in reducing one extra unit of pollution. Taking a look at the cost of marginal damage incurred, which is $100billion and the marginal cost of abatement which is $180 billion. From an economic standpoint, aive the abatement cost considerably outweighs the marginal damage, it spending $180 billion to cover for a loss of $ 100 billion seems unreasonable. Therefore the society will be better off if emissions were increased.

Cattle is not an effective form of money. What essential characteristic of money does cattle lack that most makes it ineffective

Answers

Answer:

medium of exchange

Explanation:

Cattle is not an effective form of money. Cattle lacks medium of exchange, which makes it ineffective.

Ethical principles in business A. deal chiefly with the actions and behaviors required to operate companies in a socially and environmentally responsible manner as dictated by government regulations. B. deal chiefly with the rules each company's top management and board of directors make about "what is right" and "what is wrong." C. are not materially different from ethical principles in general. D. are generally less stringent than the ethical principles for society at large. E. are generally more stringent than the ethical principles for society at large.

Answers

Answer:

C. are not materially different from ethical principles in general.

Explanation:

Ethical principles in business are not materially different from ethical principles in general.  They correspond to the protection of life, human dignity, freedom, human integrity, diversity, justice, etc.

In an organization, compliance with ethical principles is essential for the organization's survival. Through organizational ethics it is possible for the organizational culture to be based on respect for personal individualities, the values ​​of employees, mutual respect regardless of hierarchical position, etc.

An ethical company will have a stronger reputation and positioning in the internal and external environment, positively influencing the entire environment and society in general.

When McDonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using ________ pricing.

Answers

Answer:

Good value, is the right answer.

Explanation:

The given blank will be filled by “good value” because when a restaurant charges or offer a value menu it means that it is just making a minimum profit in order to attract the customers. However, charging a lower price which makes minimum profit results in the good value pricing process. Additionally, good value pricing is a technique to increase their sales.

In a restaurant or fast food service meal menu is planned in such a way that seems to have less costly items as contrasted to other products of the place.

The correct answer for the blank is:

Good value

By creating these types of menus the eateries and the service place makes a minimum profit.

Due to less pricey items, the shoppers are tempted and a large number of customers order from those value menus.

So, it is a system by which the establishment earn the smallest profit and a safe value by placing value menus.

Therefore, value menus are good value.

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Key information providing helpful during an allergic reaction related to product usage can be found on the:

Answers

Answer:

"MSDS" seems to be the correct one.

Explanation:

An MSDS seems to be a printed text detailing the chemicals management as well as continuing to work details and techniques. A protection summary table and perhaps a substance safety data sheet may also be widely recognized as those of the paper. The MSDS font is regarded to have been an earlier generation of the product description.

A ________ is a performance appraisal method that provides feedback from a panel that typically includes superiors, peers, and subordinates.

Answers

Answer:

360-degree feedback system

Explanation:

360-degree feedback system is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

An investor just purchased a rectangular 2-acre retail lot for $250 a frontage foot. If she paid $100,000 total, what was the depth of the lot

Answers

Answer:

The lot depth is 217.8

Explanation:

The total amount paid = $100000

The price of a lot = $250

Total frontage feet = 100000 / 250 = 400 frontage feet.

Now, we know that 1 acre = 43560 square feet

Therefore, 2 acres = 87120 square feet

Now, divide the 87120 with 400 to find the depth of the lot.

The lot depth = 87120 / 400 = 217.8

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

Answers

Complete Question:

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

I. state to customers that she has 10 years of experience in the industry.

II. use the title "investment adviser representative" on her business card.

III. state to customers that she is registered as a representative with the SEC.

Group of answer choices

A. I only

B. II only

C. II and III

D. I, II, III

Answer:

B. II only

Explanation:

In this scenario, Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Consequently, she was recruited by an investment advisory firm to become a representative as a result of her expertise and success at raising money, as well as her extensive list of social contacts.

Hence, Ms. Vanderbilt would be permitted to use the title "investment adviser representative" on her business card but she is prohibited from;

1. stating to customers that she has 10 years of experience in the industry because she worked for a not-for-profit organization.

2. stating to customers that she is registered as a representative with the Securities and Exchange Commission (SEC) because only the investment adviser is required to register with SEC.

She can only register at the state where she's representing the investment adviser.

Hence, points I and III would be considered a misrepresentation if used by Ms. Muffy Vanderbilt.

AT Oils, a gas station, retails 30,000 gallons of petrol per year. Its ordering costs are $20 per order and holding costs are $40 per gallon. According to the economic order quantity (EOQ) model, approximately how often should the company place a fresh order for petrol

Answers

Answer:

The company should place an order every 2 days

Explanation:

The EOQ or economic order quantity is the quantity which minimizes the inventory related costs. The EOQ is calculated as follows,

EOQ = √(2 * D * O) / H

Where,

D is the annual demandO is the ordering cost per orderH is the holding cost per unit per year

EOQ = √(2 * 30000 * 20) / 40

EOQ = 173.2050808 gallons rounded off to 174 gallons

If the company orders using the EOQ, then at an annual demand of 30000 gallons, the number of times that company should order the EOQ is,

Number of orders = 30000 / 174 = 172.4137931 or 173 orders per year

If the company needs to order 173 times per year, the company should place an order every x number of days.

x = 365 / 173

x = 2.10982659 days rounded off to 2.11 days or every 2 days

When the demand for automobiles is high, the demand for workers who build automobiles is high. This relation between the market for automobiles and the market for the labor that builds automobiles is why demand in a factor market is called:_________

Answers

Answer:

Derived demand

Explanation:

Derived demand is the  demand for a factor of production  or an intermediate good used in the production of the final good.

If automobiles were not being produced, there would be no demand for labour. so, the demand for labour is dependent on the automobiles being produced. this is an example of derived demand.

A ___________ is established when an individual confers legal title to property to another person or institution to manage the property for one or more beneficiaries.

Answers

Answer:

personal trust

Explanation:

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