The term of a lease should be long enough to ensure that: a. necessary leasehold improvements...
The term of a lease should be long enough to ensure that: a. necessary leasehold improvements will be made. b. all lease provisions will be exercised. c. all executory costs will be paid in full. d. an acceptable return on any investment for leasehold improvements will be realized.
Homework Answers
The term of a lease should be long enough to ensure that an acceptable return on any investment for leasehold improvements will be realized.
Proposed lease should be long enough for you to recover your investment and make your required profit.
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The term of a lease should be long enough to ensure that: a.
necessary leasehold improvements...
When is a prime time for athletes to stretch to achieve long-term improvements in their flexibility?
When is a prime time for athletes to stretch to achieve long-term improvements in their flexibility?a. during warm-ups after a short cardiorespiratory activity such as joggingb. during warm-ups for sport-specific drilisc. during an intense practice or competitiond. during cool-down, and preferably after light jogging or walkinge. all of the above
Job search is the activity of looking for _____ job. A. a long-term B. an acceptable vacant C. a well-paid D. a perma...
Job search is the activity of looking for _____ job. A. a long-term B. an acceptable vacant C. a well-paid D. a permanent full-time
When a lessee is accounting for a capital (finance) lease a) a guaranteed residual value is...
When a lessee is accounting for a capital (finance) lease a) a guaranteed residual value is excluded from the “minimum lease payments.” b) an unguaranteed residual value is excluded from the “minimum lease payments.” c) a guaranteed residual value is basically an additional lease payment due at the end of the lease. d) the present value of any guaranteed residual is deducted from the leased asset cost in determining the depreciable amount. In calculating depreciation of a leased asset, the...
Morgan Leasing Company signs an agreement on January 1, 2014, to lease equipment to Cole Company....
Morgan Leasing Company signs an agreement on January 1, 2014, to lease equipment to Cole Company. The following information relates to this agreement. 1. The term of the noncancelable lease is 6 years with no renewal option. The equipment has an estimated economic life of 6 years. 2. The cost of the asset to the lessor is $245,000. The fair value of the asset on January 1, 2014, is $245,000. 3. The asset will revert to the lessor at the...
A budget period should be a. monthly. b. for a year or more. c. long-term. d....
A budget period should be a. monthly. b. for a year or more. c. long-term. d. long enough to provide an obtainable goal under normal business conditions.
Long-term liabilities include Select one: a. deferred income taxes and most lease obligations. b. obligations payable at...
Long-term liabilities include Select one: a. deferred income taxes and most lease obligations. b. obligations payable at some date beyond the operating cycle. c. all of these answer choices are correct. d. obligations not expected to be liquidated within the operating cycle.
19. The account for merchandise inventory reflects all the following, EXCEPT a) includes any purchase discounts....
19. The account for merchandise inventory reflects all the following, EXCEPT a) includes any purchase discounts. b) includes any returns and allowances. c) includes any necessary freight costs. d) is a long-term asset. e) Merchandise inventory reflects all of the above. 11. A debit memorandum is: a) The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. b) The source document for the purchase of merchandise inventory c) Required...
Starboard Industries enters into a lease agreement with Bumble Motors to lease an automobile with...
Starboard Industries enters into a lease agreement with Bumble Motors to lease an automobile with a fair value of $73,000 under a 5- year lease on December 20, 2018. The lease commences on January 1, 2019, and Starboard will return the automobile to Bumble on December 31, 2023. The automobile has an estimated useful life of 7 years. Starboard made a lease payment of $10,300 on December 20, 2018. In addition, the lease agreement stipulates annual payments of $10,300, due...
E21-7 (Lessee-Lessor Entries; Sales-Type Lease) On January 1, 2007, Bensen Company leased...
E21-7 (Lessee-Lessor Entries; Sales-Type Lease) On January 1, 2007, Bensen Company leased equipment to Flynn Corporation. The following information pertains to thislease.1. The term of the noncancelable lease is 6 years, with no renewal option. The equipment reverts tothe lessor at the termination of the lease.2. Equal rental payments are due on January 1 of each year, beginning in 2007.3. The fair value of the equipment on January 1, 2007, is $150,000, and its cost is $120,000.4. The equipment has...
19. The account for merchandise inventory reflects all the following, EXCEPT a) includes any purchase discounts. b) includes any returns and allowances. c) includes any necessary freight costs. d) is a long-term asset. e) Merchandise inventory reflects all of the above. 11. A debit memorandum is: a) The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. b) The source document for the purchase of merchandise inventory c) Required...
Starboard Industries enters into a lease agreement with Bumble Motors to lease an automobile with a fair value of $73,000 under a 5- year lease on December 20, 2018. The lease commences on January 1, 2019, and Starboard will return the automobile to Bumble on December 31, 2023. The automobile has an estimated useful life of 7 years. Starboard made a lease payment of $10,300 on December 20, 2018. In addition, the lease agreement stipulates annual payments of $10,300, due...
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