1. The type of lease this is for the lessee is operating lease.
2.
The journal entries for 2019 is
Journal Entry:
Lease Asset $1,000,000
Lease Liability $1,000,000
The journal entries for 2020 is
Journal Entry:
Lease Liability $100,000
Cash $100,000
1. Type of Lease:
The lease agreement between Caswell and Wake is cancelable by either party, and it does not contain a renewal option clause. Therefore, this is an operating lease for the lessee.
2. Journal Entries:
A. January 1, 2019:
Lease asset and lease liability recorded based on the present value of the lease payments over the lease term using the implicit interest rate of 16%.
Lease liability = Present value of lease payments = $100,000 x 10 years = $1,000,000
Lease asset = Lease liability - initial direct costs = $1,000,000 - $0 = $1,000,000
Journal Entry:
Lease Asset $1,000,000
Lease Liability $1,000,000
To record the lease agreement on January 1, 2019
B. December 31, 2019:
Caswell will pay the executory costs related to taxes directly to the taxing authority.
Journal Entry:
Property tax expense $7,000
Cash $7,000
To record the payment of property tax on December 31, 2019
C. January 1, 2020:
Depreciation on the leased asset will be recorded using the straight-line method, assuming no residual value.
Annual depreciation = Lease asset cost / Economic life
= $2,000,000 / 50 years = $40,000
Journal Entry:
Depreciation expense $40,000
Accumulated Depreciation $40,000
To record depreciation on leased asset for 2020
D. December 31, 2020:
Payment of lease rental for the year 2020.
Journal Entry:
Lease Liability $100,000
Cash $100,000
To record lease payment for 2020
Payment of property tax for the year 2020:
Journal Entry:
Property tax expense $7,000
Cash $7,000
To record the payment of property tax on December 31, 2020.
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A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ______; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a(n)
A. import barrier; income tariff
B. embargo agreement; income tariff
C. quota tariff; revenue tariff
D. revenue tariff; protective tariff
E. protective tariff; revenue tariff
Answer:
E. protective tariff; revenue tariff
Explanation:
In an international trading, the protective tariff is defined as the tariff that is made to protect the domestic production from the from the foreign competition. This is done by raising the price of the goods that are imported to the United States.
A revenue tariff is defined as the tariff that is imposed on imported goods and is imposed mainly to increase the revenue of the government and not to provide protection to the domestics production or domestic industries.
Thus, in the context, the automobiles which are imported to the US is the protective tariff and the palm oil imported to the US to raise the government revenue is called a the revenue tariff.
Explain why a business needs to keep variable costs low and high variable costs impact the business.
Answer:
if they have a high variable cost, the business will make no money and would probably start to loose money, to the point where they go out of business. So they have to keep the variable cost low, manufacture their products with a low price, and sell their products high to make money and keep the business going.
Answer the qwustion and show your work and provide a detailed
explanation as to why that answer is correct (letter d is wrong).
The question asks for an explanation of the given question.
The given question requests an explanation, which means providing a detailed account or description of the question. In this context, an explanation would involve breaking down the components of the question, examining its structure, and offering insights into its purpose and relevance.
Explaining a question typically involves analyzing its underlying concepts, identifying any key terms or assumptions, and providing a clear and comprehensive response that addresses the question's intent. It often requires breaking down complex ideas into simpler terms, providing examples or evidence to support the answer, and ensuring the response is logical and coherent.
By explaining the given question, we can enhance understanding, clarify any uncertainties, and provide a thorough response that satisfies the inquiry. It allows for a deeper exploration of the topic at hand and provides the necessary context for a meaningful and informed discussion.
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How is it best to get rid of information you receive in the mail?
A Tear the mail in half and place each half in a different trash bag
B Just throw it way, thieves don't dig through trash
C Use a shredder before placing it in the trash
D Mark out all personal information with a marker
What approach does Dave Ramsey recommend for saving for purchases?
Answer: Sinking fund approach
Explanation: "A sinking fund is where you save a little bit of money every single month for something specific. So, anytime you have a known expense coming up, you can use a sinking fund to save up for it over time".
As Ramsey explains, a sinking fund is different from an emergency fund, because the purpose of it is to prepare for expected expenses that you are going to incur soon. And he believes it us important to have one because it makes big purchases easier to pay for without having to borrow
1. During light phase of photosynthesis. Medien
is oxidised and MANA
is
reduced.
Explanation:
The light reaction takes place in thylakoid discs. There, water is oxidized and oxygen is released. The hydrogen is accepted by NADP and hence get reduced to NADPH 2The objective of a(n) system is to provide information about the cost of goods and services sold by the firm and the processes used to produce the goods and services. (Enter only one word per blank.)
the correct answer to be written in the blank is cost management system
cost management system-
Cost control structures are actually the techniques used to assess the effects of selections made due to cost control strategies. Costing structures have 3 number one goals:
offer price statistics for strategic decision making,to offer cost data for operational management, and to measure stock price and price of goods.To control cost with the aid of using the numerous strategies which includes budgetary control, standard costing and stock management.To become aware of costing profit.those are a few of the principle objectives.
There are two primary cost management structures:
- conventional or traditional structures and
- activity based costing
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XYZ Inc. needs to raise $136045278, and they've decided to do it by seling stock. Their underwriting syndicate charges them 8.53% of the fotal issue and a $775826 fee to cover costs. The total amount of the issue will be
The total amount of the issue stock to raise required $136,045,278 is= $148,411,732.77
The total amount of the issue is $136,045,278.77. XYZ Inc. has decided to raise $136,045,278 by selling stocks.
An underwriting syndicate has been established to assist in this process. The underwriting syndicate charges 8.53% of the total issue, which is $11,590,628.07.
This is in addition to the $775,826 fee that they charged to cover the costs of the process. To get the total amount of the issue, we add the amount raised by the sale of stocks ($136,045,278) to the amount charged by the underwriting syndicate ($11,590,628.07)
The cost of the underwriting process= ($775,826).
Thus, the total amount of the issue is:= $136,045,278 + $11,590,628.07 + $775,826 = $148,411,732.77
Therefore, XYZ Inc. will have to issue stocks worth $148,411,732.77 to raise the required $136,045,278.
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Florence deposited ₱ 14,800 in a bank that gives 4.35% simple interest. after 2years 4months, she went back to the bank to check her balance. how much was available in her account?
Answer:
₱ 16,300.054
Explanation:
The formula for calculating simple interest is as below.
I= p x r x t
In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months
the interest rate is in years; we need to convert two years and four months to years.
=4 months = 4/12 of one year = 0.33
2 years 4 months = 2.33 year
I= 14,800 x 4.35/100 x 2.33
I= 14,800 x 0.0435 x 2.33
I=1,500.054
the amount in the bank will be principal plus interest
=14,800 + 1500
=16,300.054
This institution has historically served as the principal vehicle through which the money supply of the United States is expanded or contracted. This practice continues today.
Answer:
Commercial Bank
Explanation:
Commercial banks are the institutions that deal with the finances. They provide loans, and accepts deposits as savings. These financial institutions are a means of financial assistance to the public. Financial services and assistance helps in the growth and establishment of the economy. The process of commercial banking is intended towards growth and the earning of profit altogether.
Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.
Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.
The prime cost equation is {Cost of raw materials + Direct labor}The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.
Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.
In conclusion, the prime cost and overhead cost are both significant in production of finished goods.
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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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A reduction in the interest rate would be likely to lead to which 2 of the following?
A. growth in the size of the economy
B. a fall in the rate of inflation.
C. a fall in the rate of unemployment
D. a rise in the value of the pound
please give me two letters
Answer:
A
Explanation:
One friend asks you to go to
the movies and the other
asks you to go to the park.
What is the opportunity cost
if you choose to go to the
park? Explain why
An organization is experiencing excessive turnover of employees. Which of the following is the best access control technique under these situations?
a. Rule-based access control
b. Mandatory access control
c. Role-based access control
d. Discretionary access control
Role-based access control is the best way for a company with the excessive turnover to control situations. Thus, option a is the right answer.
Having high turnover in a business refers to a situation where more than necessary people have left the line of business within a specific period. This leads to chaos and a lack of employees to complete the work of the company.
In such situations, role-based access control is the best way to control the remaining employees of the company. Role-based access control is a system where only restricted authorities and persons can get access to all the systems and important documents related to the business.
As many people are leaving, only trusted people should be given access to important documents. Otherwise, important inner information might be leaked by one of the resigning employees.
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Look at the picture and the passage. How does the picture demonstrate air pressure?
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand.
As more air is blown into the balloon, the pressure increases, forcing the sides of the balloon to expand.
Air particles blown into the balloon are moving faster than the air outside of the balloon, causing it to expand.
Compressed air from the lungs is blown into the balloon. Because this air is heavy, the balloon expands.
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand as the the picture demonstrate air pressure. Thus, option (a) is correct.
What is picture?A drawing, photograph, painting, or other image of a person, object, or situation is referred to as a “picture.” The picture was the help to the learning process. The picture was the visual representation of the communication. The picture was the more attract to the children. The picture is the sign, symbol and the included the drawing.
According to the picture was the dependent on the demonstration air density are a human are the wind on the balloon to the fast the air particles move are the producing to the balloons are the greater. It was the principal demonstrate air pressure.
As a result, the air pressure was the demonstrate are the aforementioned.
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dollar bill supermarket is one of the best in the city. however, shoppers prefer other supermarkets to it as there is always a long queue at the billing counter. the outdated billing registers make the entire process inefficient. which of the following steps should the supermarket management take to improve the billing process?
Dollar Bill Supermarket can enhance its billing process, reduce waiting time for customers, and potentially attract more shoppers, thus becoming a preferred supermarket choice in the city
Dollar Bill Supermarket can improve its billing process by implementing the following steps:
1. Upgrade to modern Point of Sale (POS) systems: Replace outdated billing registers with advanced POS systems that are more efficient, accurate, and faster in processing transactions.
2. Introduce self-checkout counters: To reduce long queues, provide self-checkout kiosks where customers can scan and pay for their items independently.
3. Implement queue management systems: Use digital displays or queue management software to better organize queues and manage customer expectations.
4. Train staff on efficient billing techniques: Provide training sessions to employees, ensuring they are skilled in using the updated POS systems and are knowledgeable about efficient billing practices.
5. Offer multiple payment options: Enable customers to choose from various payment methods, such as credit/debit cards, mobile wallets, or contactless payments, to streamline the billing process.
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Which of these might help you save money on a student loan? (1 point)
find a loan with a higher APR
O agree to automatic payments
take a longer-term loan
O make your payments on the first day of every month
The option that may help to save money on a student loan is by agreeing to automatic payment. The Option B is correct.
What is a student loan?A student loan refers to a type of loan designed to help students pay for post-secondary education and the associated fees such as tuition, books and supplies, and living expenses.
Some of the ways of Saving Money on Student Loans includes:
Borrow lessAvoid interest capitalizationShop around for the lowest interest rateTake advantage of loan discounts etc.Read more about student loan
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Answer: 1. The lenders might give him a better interest rate on a smaller loan.
2. agree to automatic payments
3. The more you owe, the higher your interest payment will be.
4. When you use one, the money is taken directly from your bank account.
5. You can run up huge debts if you don’t pay the balance off quickly.
Explanation: I took the same quiz and got 100%, hope it helps!
Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.
The five main areas of finance are corporate finance, _____, financial institutions, international finance, and fintech.
Answer:
INVESTMENTS is the answer.
The major areas of the finance are corporate finance, investment, financial institutions, international finance, and fintech.
What is Investment?Investment refers to the amount invested by the individual over any business or shares, bonds etc. It is done in order to generate more income.
Corporate finance, investment, financial institutions, international finance, and fintech are the main sub fields of finance.
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What type of decision-support system analysis uses a backward solution approach that attempts to calculate the value of the inputs necessary to achieve a desired level of output?.
In order to determine the value of the inputs required to produce a desired level of output, goal-seeking analysis employs a backward solution approach.
In general, goal seeking refers to the act of determining your input value based on an already known output value. In order to complete the procedure, a formula that can be calculated using computer software must have a specified operator. You can change a formula's input value to get the result you want by using Excel's Goal Seek function. When you are unsure of the values necessary to achieve a desired outcome but are aware of the desired goal itself, this What-If Analysis technique is ideal. To make use of (someone or something that is not doing anything) Use a pen for sketching is called employ. To employ something or someone implies to put them to use.
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According to a ______ study, the average home owner's net worth is 46 times the net worth of the average renter.
According to a recent study by the Federal Reserve, the average net worth of a homeowner is 46 times greater than that of a renter.
The research about home owner's net worthThis is primarily due to the fact that homeowners have the ability to build equity through mortgage payments and appreciation in property value.
Additionally, owning a home provides a level of financial stability and security, as opposed to the uncertainty of renting and potential rent increases.
However, it is important to note that homeownership also comes with additional expenses such as property taxes, maintenance, and repairs. Despite these costs, the long-term financial benefits of owning a home make it a wise investment for those who are able to do so.
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You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months starting 5 years from now. The interest rate is 12% compounded semiannually. Calculate: The effective interest rate The amount of each semiannual payment The total interest paid
Answer:
Following are the solution to the given point:
Explanation:
Calculating the value of the effective interest rate:
Formula:
\(\text{Effective interest rate} =\frac{\text{annual nominal rate of interest}}{\text{compound year}}\)
\(=\frac{12}{2} \\\\ =6\%\)
Calculating the value of Effective annual rate of interest:
\(=(1+ \text{The effective rate})^{\text{(compound number )}} -1\)
\(=(1+0.06)^2 -1\\\\=(1.06)^2 -1\\\\=1.1236-1\\\\=0.1236\\\\=12.36 \%\)
Calculating the Amount in each semiannual payment:
\(= 5000 \times (\frac{F}{P}, 6\% ,9) \times (\frac{A}{P}, 6\%,4)\\\\= 5000 \times 1.689479 \times 0.288591\\\\= 2437.85\)
Calculating the value of the total interest paid:
\(= 2437.85 \times 4 - 5000\\\\= 9751.40-5000\\\\ = 4751.40\)
Casper's Clean Cars, a used automobile super center, is characterized by selection of employees based on competence, and by clearly defined linn of authority and responsiblity. These characteristics are consistent with the principles of Multele Choice bureaucracy systems management .behavioural management . scientific management .total quality management
Casper's Clean Cars follows the principles of bureaucratic systems management in its operations.
Casper's Clean Cars, a used automobile super center, exhibits characteristics that align with the principles of bureaucratic systems management. Bureaucracy emphasizes competence-based selection of employees and clearly defined lines of authority and responsibility. This approach aims to ensure efficiency and consistency within the organization. Bureaucratic systems management focuses on formal rules and procedures, hierarchical structure, and adherence to job descriptions.
These characteristics are consistent with Casper's Clean Cars' approach to employee selection and organizational structure.
In conclusion, Casper's Clean Cars follows the principles of bureaucratic systems management in its operations.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
The Fed buys $10 million of securities from AIG. AIG has a desired reserve ratio of 0.05, and there is no currency drain.
As soon as the open market purchase is made, the bank's excess reserves are at $___ million
Answer:
$200,000,000
Explanation:
Given that:
Amount of securities purchased = $10 million
Desired reserve ratio = 0.05
The bank's excess reserve :
Money multiplier * amount of securities purchased
Money multiplier = 1 / reserve ratio
Money multiplier = 1 / 0.05 = 20
Excess reserve = 20 * $10,000,000
Excess reserve = $200,000,000
Now it's your turn. What do these examples inspire you to think about in terms of your own purpose?
How can you use your digital footprint to make a positive impact on the world? To begin answering
these very big questions, choose two of the brainstorming questions (one from each group) and write a
short response for each. When you're done, be prepared to share your ideas with a partner.
Brainstorming Questions
Response 1 Questions (Choose one)
1. What problems, either in your school or community, or in the world, are you concerned about?
Which ones do you most want to be solved?
2. What person, group, or event inspires you the most? Why? How could they or it be a model for your
own life?
3. What activities or experiences in your life have been the most enjoyable? Why do you think that is?
Response #1
I chose question #
Your online identity, uniqueness, and digital footprint are what define you as a person. Depending on what you do online, it develops your online reputation or impression.
Who, what, or what event most inspires you? Why? How could it or they serve as a role model for your life?Judith K. Rowling - No one can deny this British native's success, regardless of whether you're a Harry Potter fan or not. The estimated $15 billion valuation of the Harry Potter empire (yes, you read that correctly).
Many people are unaware of Rowling's difficult past, which occurred immediately before the publication of her books.
She wed, endured abuse, gave birth to a daughter, and then filed for divorce from her husband. She had to enroll herself on welfare in order to survive after losing her mother to MS.
Furthermore, every major British publishing business turned down the first Harry Potter novel. One ultimately said yes, and the business was off and running.
J.K. Rowling is an inspirational author because she uplifts kids, establishes strong female role models, and lends her creativity and generosity to charities and rising teenagers.
"Dwelling on dreams while ignoring the present is not healthy." J. K. Rowling
Even if everything is bad, there is still hope for improvement. There are obstacles at every turn, so keep going.
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100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.
You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?
You can say answers other than-
there are more restrictions
Answer:
There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.
I would try to remove corruption
Explanation:
Plz mark brainliest thanks
Answer:
(Disadvantages)
Government and political interference may lead to poor management.
-Operation in large scale may lead to diseconomies of scale arise.
(Advantages)
-Protecting the safety and health of the public and the environment.
-Offering consumers increased safety when choosing products.
Explanation:
Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?
Compose two paragraphs that predict the impact this tax cut and increased funding for unemployment insurance will have on the following: the economy as a whole individuals other government programs the government debt Be sure to justify your predictions, use proper grammar, and include topic sentences, an introduction, a conclusion, and information from the video.
Answer:
Extending the cut to payroll taxes will have a positive impact on the economy as a whole. With the continued decrease in the tax rate, people will have more money to spend more on goods and services. This will encourage businesses to hire more workers and will reduce unemployment. The economy will experience a boost, and recovery will take place. This tax cut will add an extra $40 to the average paycheck. People might use the extra income for rent, groceries, or gas.
Increased funding for unemployment insurance will ensure that eligible unemployed individuals will continue to get unemployment compensation. The extended unemployment compensation will lead to more production in the economy, which will help reduce government debt. An increase in production will lead to an increase in employment and output. When production increases, individuals’ incomes also increase, so the government will collect more income taxes to fund repayment of its debt.
Explanation:
PLATO
Answer:
The tax cut and the increased funding of unemployment insurance will benefit the economy as a whole. As unemployment rise, fewer people are going to have money to buy goods therefore, businesses will have less money to hire workers. This will not be fixed if there weren't any unemployment insurance. With unemployment money, people are going to buy more and the economy will boost. This not only benefits individuals but the economy as a whole. However, this may increase government debt and may have decrease funding to other government programs.
Explanation:
This is not from plato or edmentum. I typed it myself
"tractor is a modern tool of agriculture".justify this statement with suitable example
Answer:
Tractors are the king among different farm equipment. They are the main workhorse of any modern farm. They provide the power and traction necessary to mechanize agricultural tasks. ... There are different types of tractors in the market, varying in size and capacity.
Explanation: