A lease is classed as a finance lease through a lessee and as a sales-kind hire through a lessor if possession of the underlying asset transfers to the lessee through the quit of the lease term.
This criterion is likewise met if the lessee is needed to pay a nominal rate for the felony switch of possession. Record as an asset withinside the stability sheet and as an responsibility to pay destiny rentals. Rental bills have to be apportioned among the financial lease and a discount withinside the responsibility. Accounting Treatment of Finance Lease document the property as a non – present day asset withinside the lessee's statement (Present cost of hire bills, or Fair cost whichever is lower) document the legal responsibility for the hire bills (Lease legal responsibility and Interest) payable to the lessor.
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A lease is classed as a finance lease through a lessee and as a sales-kind hire through a lessor if possession of the underlying asset transfers to the lessee through the quit of the lease term.
This criterion is likewise met if the lessee is needed to pay a nominal rate for the felony switch of possession. Record as an asset withinside the stability sheet and as an responsibility to pay destiny rentals. Rental bills have to be apportioned among the financial lease and a discount withinside the responsibility. Accounting Treatment of Finance Lease document the property as a non – present day asset withinside the lessee's statement (Present cost of hire bills, or Fair cost whichever is lower) document the legal responsibility for the hire bills (Lease legal responsibility and Interest) payable to the lessor.
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operations scheduling is at lowest level of the planning hierarchy group of answer choices true false
Operations scheduling is indeed at the lowest level of the planning hierarchy. This statement is true. In the context of operations management, the planning hierarchy consists of three primary levels: strategic planning, tactical planning, and operational planning.
Strategic planning is the highest level and focuses on long-term objectives and overall direction for the organization. Tactical planning, the intermediate level, deals with medium-term plans and resources allocation, ensuring that the organization's strategic goals are met. Lastly, operational planning, which includes operations scheduling, concentrates on short-term plans, managing daily tasks and activities to achieve tactical and strategic objectives.
Operations scheduling is essential for effective and efficient operations management. It involves assigning tasks, resources, and timelines to various components of the production process. By coordinating resources and establishing deadlines, operations scheduling helps organizations optimize productivity, meet customer demands, and maintain a competitive edge in the market. As a critical component of operational planning, it aligns with both tactical and strategic goals, providing a vital link in the planning hierarchy.
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What refers to the study of your strengths and weakness and the identification of your area of interest?
Answer:
Personality inventory
Explanation:
Nur applied for a car loan at her local credit union and was denied because her credit report sald she had recently applied for numerous credit
cards. Nur, however, has only used one credit card for her entire life and has always pald it off every month. The last time she remembered
getting a credit check was when she purchased her house five years ago, and she has always made those mortgage payments on time. What
MOST likely happened in this scenario?
ОА.
OB.
Nur forgot about other credit cards she had been using.
The credit report had been fraudulently edited by the credit union employee.
Someone stole Nur's Identity and applied for credit cards under her name.
Nur has always had bad credit and has never been eligible for a loan.
OC.
OD.
Answer: Someone stole Nur's Identity and applied for credit cards under her name.
Explanation:
The most likely cause of this scenario is Identity Theft. This is where someone steals the identity of another and uses their details including their Social Security Number to access services (usually financial) or engage in crime using the name of the person whose identity was stolen.
Someone most likely stole Nur's identity and applied for many credit cards with the intention of using them and then passing the bill on to Nur to repay the debt.
Wildhorse Windows manufactures and sells custom storm windows for three-season porches. Wildhorse also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Wildhorse enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,510 and chooses Wildhorse to do the installation. Wildhorse charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Wildhorse $1,970 (which equals the standalone selling price of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Wildhorse completes installation on October 15, 2020, and the customer pays the balance due. Wildhorse estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30% on cost. Prepare the journal entries for Wildhorse in 2020.
In 2020, Wildhorse Windows’ journal entries for the given transaction are as follows:Journal entries for Wildhorse Windows Accounts Debit Credit Cash2,510 Sales revenue 2,510(To record sales made on July 1, 2020)
Cost of goods sold 1,100 Inventory1,100(To record the cost of goods sold on July 1, 2020)Cash 1,970 Unearned revenue1,970(To record the receipt of payment from the customer on September 1, 2020)Cost of goods sold1,350Inventory1,350(To record the sale of goods on October 15, 2020)Unearned revenue 900 Installation revenue900(To record the completion of the installation and recognition of revenue on October 15, 2020)
Installation expense 585 Estimated liability for installation 585(To record the estimated installation expenses on October 15, 2020)Accounts receivable 585 Estimated liability for installation 585(To record the billing of the customer for installation services on October 15, 2020)Therefore, the above journal entries represent the transaction that was done by Wildhorse Windows in 2020.
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A firm's product line depth is the number of Blank______ within a product line, as opposed to the number of product lines a firm has.
The blank space about a firm's product line depth should be filled with; products.
What is Product line depth?Product line depth refers to the number of products offered under a product line.
It therefore follows from the definition above that; Product depth in some cases may include details like a product's size, flavor, useful life and other characteristics. For instance, if a company has a product line of plantain chips that includes five flavors and three bag sizes, the product depth for the line is consequently, 15.
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PLS ANSWER
What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha's responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.
Answer:
Repairs and maintenance costs are not Sasha's responsibility.
Sasha's up-front costs will be lower, allowing her to keep her savings.
Sasha's monthly costs will be lower
Explanation:
The advantage of renting the apartment over buying a home are that:
• Repairs and maintenance costs are not Sasha's responsibility - The repair and maintenance cost goes to the home owner and not Sasha since she just rented the house. The owner who bought the house bears the cost.
• Sasha's up-front costs will be lower, allowing her to keep her savings. - Her upfront cost will be lower and she can use the money which might have been used for house repair or maintenance to do other things.
Sasha's monthly costs will be lower - There'll be also be a reduction in the amount she spends every month.
The other options such as "Sasha will make money if the value of the apartment increases". and "Utilities, such as electricity and water, are included in Sasha's rent payment" aren't advantages of renting the apartment.
Answer:
Answers 1, 3, and 4.
Explanation:
Option 1: Repairs and maintenance costs are not Sasha’s responsibility.
Option 3: Sasha's up-front costs will be lower, allowing her to keep her savings.
Option 4: Sasha's monthly costs will be lower.
What is the definition of the product/service bundle?.
Answer:
Product-service bundle definition
Essentially, product bundling is a pricing strategy wherein you group individual products before selling them as a single unit.A product bundling marketing strategy is used to encourage your customers to make more purchases.
I hope this helps :)
Sheila felt prepared to work after her one-day job orientation for new employees. When she got to work, however, she was shocked. She was not prepared for the fast pace, sophistication and skill level found in her new department. By noon that day, Sheila felt like she was not cut out for the job. She felt under-skilled and underprepared to meet her department's
challenges.
On her way to the company cafeteria, one of her co-workers, Tammy, caught up with her and they had lunch together. Sheila was glad that Tammy was so friendly to her and she was able to relax a little bit. During lunch Tammy talked about their manager, Mr. Smith. Sheila learned that Mr. Smith was in trouble with his superiors. Next, Tammy told her about James, the computer programmer.
She told Sheila that James spread rumors and was not to be trusted. She talked about Mrs. Tyler, the accountant. She said that Mrs. Tyler was an alcoholic and frequently took sips from a whisky bottle in her desk.
Tammy asked Sheila to join her for coffee after work. She said, "Trust me, Sheila. Once you come to understand how screwed up everyone is around here and get the feel of the place, you'll do fine."
Question: Why would Tammy be so friendly towards Sheila? What might happen if
Sheila gets close to Tammy? Have you ever been in a similar situation?
Tammy was probably friendly with Sheila because she was outgoing and made her feel comfortable at work. But Sheila should be careful about getting involved in rumors that can turn into negative conflicts.
What are organizational conflicts?These are situations where there are differences in the work environment, which may be personal or professional, such as rumors and disagreements about tasks.
Organizational conflicts arising from rumors, such as the gossip of other employees told by Thammy to Sheila, can be extremely negative, and consequently generate enmity, disintegration of teams and even dismissals.
Therefore, it is essential that there is conflict management in the organization through effective communication, interpersonal relationships based on ethics and respect for all employees.
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required informationskip to questionassignments and delegations introduction read the overview below and complete the activities that follow. contracts are typically private agreements in that they bind the two parties and no one else. thus, parties not in privity of contract usually do not have rights to a contract. however, there are exceptions to the general rule. this activity outlines the importance of paying special attention to ramifications that result from assigning or delegating a contract, including the effects these actions have on assignees. concept review: contracts create situations in which both parties have a duty to perform the agreed-on action and a right to be the recipient of the other party's duty. these rights and duties can be transferred to third parties. the transfer of rights is known as assignment; the transfer of duties is known as delegation. mini-case: read the case and then answer the questions to create a strategy for how someone might determine the results of the scenario. katerina owned property in miami right on the beach that she leased to scotty. scotty used the property for business purposes, which was allowed under the lease. three months into the lease, scotty transferred his lease to a sports agent company for $5,000, which became the new tenant under the lease. katerina became upset with scotty's transferring of the lease because she thought that since she leased the property to scotty, he should not be allowed to let anyone else lease the property. furthermore, she had a strong aversion to sports agents after watching the movie jerry maguire, and she did not want any money-grubbing sports agents working on her property. subsequently, katerina wonders whether there is any way she can limit the ability of scotty to transfer the lease. walk through the different types of transferring of rights and duties. what type of transfer of rights or duties is described in this case? what is the role of the relevant parties in the case? katerina clearly does not like the transfer of the lease. are there any factors that could limit the transfer of these rights or duties?the scenario above is an example of what legal concept?multiple choicevesting of rightsdelegationassignment
This scenario is an example of an assignment in contracts. Assignment is a legal concept that involves the transfer of rights from one party to another. In this case, the transfer of rights occurred when Scotty transferred his lease to a sports agent company for $5,000, making them the new tenant under the lease.
Katerina, the lessor, was not pleased with the transfer of the lease and has the right to challenge it. However, Katerina's challenge must be based on legal grounds and not simply on the fact that she has an aversion to sports agents. Depending on the specific language of the lease agreement, Katerina may be able to challenge the assignment based on clauses which limit assignment of the lease, as well as any other clauses which would not be valid had the lease been assigned.
There are also factors that could limit the transfer of rights or duties in this scenario. For instance, the assignment may not be enforceable if the lease itself does not permit assignment. Additionally, the parties of the contract must be in agreement and in good faith for the assignment to be valid. If either of these conditions are not met, the assignment may be void.
In conclusion, this case is an example of an assignment of rights in contracts. Katerina has the right to challenge the assignment, though her challenge must be based on legal grounds. Furthermore, there are certain factors that can limit the assignment, such as the presence of clauses limiting assignment and the requirement that both parties agree and act in good faith.
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________ are important because they tell you what portion of a whole you need, have, or want. _________ are used in baking to tell you how much of an ingredient to use. _________ are used in telling time on a clock, each minute is a _______ of the hour. We use ________ everyday without knowing it
Fractions are important because they tell you what portion of a whole you need, have, or want. Measurements are used in baking to tell you how much of an ingredient to use. Hours and minutes are used in telling time on a clock, each minute is a fraction of the hour. We use numbers and numerical concepts everyday without knowing it.
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the amount of retail prie on a peice of lcothing that pays the worker's sage is low. the clean clohts campaign estimate that the eactual percent is usually between 0.5% and 5.0%. where does the rest of the money go?
the remaining money from the retail price of a piece of clothing, after deducting the worker's wage, goes towards various factors such as manufacturing costs, materials, transportation, marketing, overhead expenses, and profit margins for the manufacturer, wholesaler, and retailer. These costs include things like raw materials, production processes, packaging, shipping, advertising, rent, utilities, and other operational expenses. It's important to note that the exact distribution of the remaining money can vary depending on the specific clothing brand and its business model.
In conclusion, the clean clothes campaign estimates that the actual percentage is usually between 0.5% and 5.0%, with the rest of the money allocated to various costs and profits involved in the clothing supply chain.
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Price skimming works best for which type of product?
A. Products that haven't been advertised much
B. Inexpensive products with many competitors
C. Products with elastic demand
D. High-end products with unique features
Please select the best answer from the choices provided
Ο Α
ОВ
Next
Mark this and return
Save and Exit
Submit
Answer:
d. high-end products with unique features
Explanation:
did the test and got it right on edg2021
Under current GAAP, inflation is ignored in accounting due to the
A.going concern assumption.
B.economic entity assumption.
C.periodicity assumption.
D.monetary unit assumption.
Option D. Monetary unit assumption is Correct. The monetary unit assumption is one of the fundamental accounting assumptions underlying Generally Accepted Accounting Principles (GAAP).
It states that financial statements should be expressed in a single currency and that the monetary unit assumption should be made for the purpose of measuring financial transactions and reporting financial condition and performance.
Inflation is not ignored in accounting under current GAAP. Inflation can have a significant impact on a company's financial statements and can be reflected in the financial statements through the use of an inflation adjustment or index. For example, a company may adjust the prices of its goods or services to reflect current market prices, or it may adjust the amounts of cash and other assets and liabilities to reflect the impact of inflation on their purchasing power.
The going concern assumption, economic entity assumption, and periodicity assumption are all important accounting assumptions that guide the preparation and presentation of financial statements.
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due to perfect weather conditions there is a larger than expected crop of oranges this year
ok but whats the question
Question 4
Not-for-profit organizations are?
Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.
Jeremy's boss told him that if production costs were brought down by 15% by the end of the year, they would be able to bring costs down for consumers. which type of strategy is jeremy's boss suggesting? multiple choice question. low-cost differentiation niche focused
The low-cost strategy is being recommended by Jeremy's supervisor.
Low cost strategy is a type of pricing strategy in which the firm offers the products at low price. This strategy helps to stimulate the demand & gain higher market share. The firm can gain cost advantages by increasing their efficiency, taking advantage of economies of scale, or by getting the raw material at low cost.
Many domestic airlines employ the low cost strategy, selling tickets for incredibly low prices to attract passengers and first-timers. This was made possible by frequenting the routes, providing a no-frills flying experience, and increasing the number of seats every trip. As a result, more individuals were able to fly in a variety of sectors thanks to several airlines cutting costs and generally lowering ticket rates.
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Prompt
What are company values?
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Answer:
As a definition, company core values are the clearly stated principles about the organization’s vision, mission, and principles. That way, everyone is aligned around a guiding philosophy to serve employees, customers, and the broader community.
That can also double as the definition of company culture. In many ways, values and culture are synonymous. They’re both about the higher aspirations of a company. The result is the DNA fundamental to a company’s identity
What is important for starting a charity
Explanation:
One of the most vital things to consider when you are starting a nonprofit is your mission. Writing a mission statement of one to two sentences can outline why it exists, what the organization does, who it serves and where it provides services all in one place
sells subscriptions for for months. the company collects cash in advance and then subscribers have access to unlimited movies each month. apply the revenue recognition principle to determine a. when should record revenue for this situation. b. the amount of revenue should record for months. question content area bottom part 1 a. cinema king should record revenue when the customer. part 2 b. for seven months, cinema king should record revenue of
The revenue recognition principle is an accounting standard that guides companies on when to record revenue in their financial statements. In this scenario, Cinema King sells subscriptions for four months, where customers pay in advance for access to unlimited movies each month.
Here's how the revenue recognition principle should be applied to determine when and how much revenue should be recorded:
Part 1a: Cinema King should record revenue when the customer has access to the unlimited movies. In other words, revenue should be recognized as the service is being provided to the customer. This means that Cinema King should record revenue for each month as the customer is enjoying the unlimited movies.
Part 2b: For seven months, Cinema King should record revenue of the total subscription fee collected from the customer. This means that if a customer pays $100 for a four-month subscription, Cinema King should recognize revenue of $700 for seven months, which is the total subscription fee collected from the customer over the seven months.In summary, Cinema King should apply the revenue recognition principle by recognizing revenue for each month as the customer is enjoying the unlimited movies. For the entire subscription period, Cinema King should record revenue of the total subscription fee collected from the customer.
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Tonya is considering leaving work early to go to a baseball game. A ticket costs $30, and it costs $5 to park at the stadium. Tonya will miss 3 hours of work, where she is paid $20 an hour. What is Tonya's total explicit cost of going to the game?
Answer:
$95
Explanation:
UwU
While using a debit card increases the speed and efficiency of business transactions, what effect can this have on a person's money management skills?
The person can set his or her financial goal and this will result in preplanning the funds. This makes the platform an easy target to transact with and more efficient.
What is a financial goal?A financial goal is an objective or plan for handling money. It is a function of how much money you make, spend, save, or invest. Depending on their need for a financial objective, such as pension planning, a person or individual might define their own financial goals.
The person who is a using debit card or a credit card. This would help the person in maintaining their efficiency and a budget. They can even set a limit through which they can be allowed to transit.
Also, they can use ODIs which is overdraft as well as bills receivable. This would increase their efficiency and money management.
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The role of the Federal Open Market Committee is to:
Correct Option B : The role of the Federal Open Market Committee is to appoint the Federal Reserve Board of Governors.
The Open Market Committee (FOMC) is a regulator, but it is only loosely "controlled" by the laws that make it up and by the organizations to which it belongs (the Federal Reserve Board of Governors, and the 12 Federal Reserve District Banks, which are owned in turn by Private Banks).
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Answer: D. Set monetary policy for the United States.
Explanation: just did the test :) hope it helps you
A company has budgeted overhead of $10,000 and standard overhead applied of $10,400. The volume variance is:
Based on the budgeted overhead and the standard overhead, the volume variance would be $400 Favorable.
What is the volume variance?The volume variance can be found as:
= Standard overhead applied - Budgeted overhead
Solving gives:
= 10,400 - 10,000
= $400
As this figure is positive, this is a favorable variance.
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A hous is valued at $125,000 and assessed at 90% of its value. the tax bill is $3,937.50. what is the tax rate per $100 of assessed value?
The tax rate per $100 of assessed value is 3.5%.
To calculate the tax rate per $100 of assessed value, we need to find the assessed value of the house first.
Since the assessed value is 90% of the house's value, we can calculate it by multiplying the value of the house by 90%:
$125,000 * 90% = $112,500
Now, we can calculate the tax rate per $100 of assessed value.
To do this, we divide the tax bill by the assessed value and multiply by $100:
$3,937.50 / $112,500 * $100 = 3.5
Therefore, the tax rate per $100 of assessed value is 3.5%.
In summary:
1. Calculate the assessed value of the house: $125,000 * 90% = $112,500.
2. Calculate the tax rate per $100 of assessed value: $3,937.50 / $112,500 * $100 = 3.5%.
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Issued check to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. (Consider the credit terms before making the payment.
I'm confused as to how to record this. Despite the shortage of items being received, the invoice ultimately is charging $17,680 for the full amount. According to the flow chart, these would be recorded on the Purchases Journal and Accounts Payable Subsidiary Ledger, but what would the entries look like and what amount would the check be written out to?
The entry for this transaction would be recorded in the Purchases Journal with a debit to Purchases and a credit to Accounts Payable. The check should be written out to Velocity Sporting Goods in the amount of $17,680.
To recap, the entry in the Purchases Journal would be:
Debit: Purchases for $17,680Credit: Accounts Payable for $17,680This transaction involves purchasing goods from Velocity Sporting Goods for $17,680. The entry for this transaction will be recorded in the Purchases Journal.
In double-entry accounting, when a purchase of goods is made, a debit is made to the Purchases account and a credit is made to Accounts Payable. The debit increases the Purchases account, which is an expense account, while the credit increases the Accounts Payable account, which is a liability account.
The amount of the debit and credit must be equal. In this case, the amount of the debit and credit is $17,680. The entry for this transaction in the Purchases Journal would be:
Debit: Purchases for $17,680Credit: Accounts Payable for $17,680In addition to making the entry in the Purchases Journal, a check should be written out to Velocity Sporting Goods in the amount of $17,680.
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Some people are concerned that privacy is increasingly rare in our hyperconnected world as our online prescence leave a lasting footprint. To what degree do you fear htat disclosing personal matters online will hamper your job search? Why?
One must exercise extreme caution while utilizing these social media platforms to prevent obstacles in the job search process and humiliating circumstances.
What is the reason behind that personal matters online will hamper your job search?Technology development in the modern world has improved communication by making it simpler, quicker, and more efficient. It has made it possible for those who are located in the most remote parts of the planet to connect with only a few clicks. Information may be sent quickly and efficiently. But, anything that evolves and advances has advantages and disadvantages. Similar to this, social networking and technological growth also have drawbacks. We are all linked these days through various social networks or other services, which has an impact on our job hunt. Our constant online activity might occasionally cause us to unintentionally or purposefully reveal information that could harm our reputation.Job providers occasionally utilize social networks to examine a potential employee's or an employee's current employment history.
Employees occasionally post sensitive information about their employers on social networking sites, which results in their firing and eventually hinders their ability to find new employment. These social media platforms could reveal a prior occurrence about a person that he does not wish to divulge.
Companies may connect with former coworkers of a candidate they wish to recruit through these social networks to learn more about their behavior and behavioral patterns.
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Go check out my Poshmark pls kawala101 I have name brand clothes on there for 6-10 dollars at the most and am open to negotiate lower prices
Ok...... I get your trying to get some money or whatever. But, this site is for academic purposes..... Not advertising. Lol.
From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
Kari needs to change the brightness and contrast on an image she has inserted into a word document. Which group should she use to do this?