The amount of lease expense for the right-of-use property is $34,842.09.
What is the right-of-use asset?The right-of-use asset is the lessee's right to use an asset over the lease term.
The amount of the right-of-use asset is determined by calculating the present value of the periodic lease payments, using an online finance calculator as follows.
Data Analysis and Calculations:Cash $900,000
Asset $680,000
Gain from sale $220,000
Right of use asset $348,420.86
Lease Liability $348,420.86
N (# of periods) = 6 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $80,000
FV (Future Value) = $0
Results:
PV = $348,420.86
Lease expense for the first year = $34,842.09 ($348,420.86/10)
Sum of all periodic payments = $480,000 ($80,000 x 6)
Total Interest = $131,579.14
Thus, the amount of lease expense for the right-of-use property is $34,842.09.
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How can you get your money back if you send a p2p payment to the wrong person?.
When a payment is sent to the wrong person using p2p, the money cannot be gotten back since it is equivalent to giving money to a wrong account. However, the person can lay a complaint to the customer service to take action.
What is P2P Payment?P2P payment is a system of payment where money is sent to another member of the crypto community in exchange for a coin to be sent to the individual's wallet. It is equivalent to giving someone cash.
When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.
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Some economists believe that sound fiscal and monetary policy can reduce the amount of time the economy is in the ____ stage of the business cycle.
Answer:
recession
Explanation:
Use the _____ function to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
The Future value function is used to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
What is future value?The future value is what money invested today will become over time at a rate of interest. It can be used to determine the future value of a lump sum or a specified amount.
It is to be noted that the FV function calculate the future value of a series of equal payments or an annuity.
Hence, the Future value function is used to determine information such as how much money can be earned in an investment with a specific interest rate and over a specific period of time.
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Which of the following team members would not be involved in the design of gameplay?
During _____, an advertising researcher would be most likely to use aided recall, sales tests, and inquiry tests.
Answer:
Creative concept research
Explanation:
Hope this helps
Positive economics:Question 14 options:a) is the same as normative economics.b) describes opinions and perspectives on how the world should work.c) describes how the world does work.d) is based on opinion polls.
Answer:
C, describes how the world does work
Explanation
A fundamental distinction in economic analysis is between normative and positive economics. Normative economics describes what things ought to be, while positive economics describes what things are.
The Shoe Company had a $5,000 beginning balance in its inventory account. During the accounting period, inventory purchases amounted to $55,000. The ending inventory balance was $4,000. Based on this information, the cost of goods available for sale was ______.
Answer:
46,000 I substrate it with 5,000 and 4,000
The cost of goods available for sale was $56,000. "Cost of sales" or its abbreviation, "COGS," are other names for the cost of goods sold. The cost of items that are manufactured or bought, then sold, is referred to as COGS.
Why is it important to track COGS?COGS can be used to calculate a company's gross earnings or bottom line. A high cost of products sold could result in a low net income. A high COGS would indicate higher business expenses during tax season, lowering income taxes.
Given,
Opening stock = $5,000
Closing stock = $4,000
Purchase = $55,000
Required to Calculate COGS =?
COGS = Opening Stock + Purchase - closing stock
COGS = 5,000 + 55,000 - 4,000
COGS = 56,000
The cost of goods sold (COGS), which includes the cost of labor, materials, and manufacturing overhead, is the price of purchasing or producing the things that a business sells over a given period. As a result, only costs directly related to the production of the goods are included in the metric.
Thus, the cost of goods available for sale was $56,000.
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Can someone give me any made up company name that I can use because I need some help with creating my business name for my project that I am currently working on. So I'd really love if you could help. Thank you and hope you all doing great.
Erik, a management intern at Struebing, Inc., was tasked with investigating ways for Struebing to more effectively compete on a global basis. He was intrigued to learn about ________ as a framework by which to improve quality and to gain certification in accordance with these quality standards.
He was intrigued to learn about ISO 9001 as a framework by which to improve quality.
What is ISO 9001?ISO 9001 which full meaning is International Organization for Standardization is a quality management organization that provide a quality standard for company or organization to follow so as help them provide quality service to their customers or clients
ISO 9000 is important for companies as it enables them to improve their quality so as to meet their customer expectation.
Inconclusion he was intrigued to learn about ISO 9001 as a framework by which to improve quality.
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If a company moves ownership of activities closer to the end customer, such as providing after-sales support, it is engaging in ______ vertical integration.
A company is engaging in forward vertical integration when it transfers ownership of activities closer to the end customer, such as providing after-sales support.
What is forward vertical integration?It is a strategy related to increasing control over your products and services by performing greater supply chain management through acquisition or business merger.
Therefore, through forward integration, a company can acquire other companies that were once its suppliers to gain competitive advantage and increase its market power.
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Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process
The public source of information is used in the purchase decision process by Sophia.
What is a public source of information?A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.
The public source of information are access through:
internet search means.information service subscription.materials created and sent to members of the public.In conclusion, the public source of information is used in the purchase decision process by Sophia.
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At any given point in time, households would demand a ____ quantity of loanable funds at ____ rates of interest. a. greater; higher b. greater; lower c. smaller; lower
Answer:
b. greater, lower
Explanation:
An externality is: a. always a benefit to the recipient. b. always a detriment to the recipient. c. an activity that occurs in a business which is unknown to management. d. unintended benefits or costs imposed on third parties as a result of economic activity. e. an act, caused by a firm located in this country, which has an effect on a person in a foreign country.
Answer:
D
Explanation:
Kelsey and Jerrod have a housing ratio of 30% and a total debt obligation of 41%. Their credit score is 640. Do they meet the underwriting requirements for an FHA loan
Based on Kelsey and Jerrod's total debt obligations, housing ratio, and credit score, They meet the underwriting requirements of an FHA loan.
What are the underwriting requirements of an FHA Loan?The applicants must have a credit score of above 500. They must also have a total debt obligation of 43% or less and a housing ratio of not more than 31%.
Kelsey and Jarrod have the required credit score, total debt obligation and housing ratio so they meet the requirements.
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When money loses some of its value over time it is caused by:.
The impact inflation has on the time value of money is that it decreases the value of a dollar over time. The time value of money is a concept that describes how the money available to you today is worth more than the same amount of money at a future date.
The Nickells Advertising Agency assigns a team of individuals to work on a client's advertising campaign. When the project is completed, each of the team members will be assigned to new teams pulled together for new campaigns. The Nickells Advertising Agency has a __________ structure.
a. functional.
b. matrix.
c. divisional.
d. network.
according to my knowledge it is B
True or false: Under no circumstances will a shareholder who has shares redeemed be able to treat the stock redemption as an exchange unless the shareholder meets the bright line change-in-stock-ownership tests.
Answer:
False
Explanation:
The not essentially equivalent to a dividend test is still available
Javier, the owner of Javier's Tacos, has noticed that residents of his town are flocking to a new taco truck in increasing numbers. After doing some research, Javier learns that consumers enjoy the food truck because almost all the taco ingredients are locally sourced. Javier decides to add locally sourced ingredients to his menu. This is an example of ______.
A. substitution
B. direct imitation
C. resource immobility
D. a value chain
Answer:
a is the answer to your question
Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as
Answer:
Not much information to go off
Explanation:
This is hard to answer since there is no information about the state of the economy. If the economy is doing poor and that is his reason for unemployment, he is cyclically unemployed.
If he is just waiting for his job, he is frictionally unemployed because he is between jobs.
If you are not looking for a specific type of unemployment, he could be classified as not part of the labor force as he is not looking for a job.
A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?.
Answer:
There may be a lower price per pencil and it will last longer
Explanation:
Answer:
The price of each pencil, or the unit price, is actually cheaper in the 24 pack.
Explanation:
All powder laundry detergent is packaged in small 2 oz. packets so it will be more affordable for low-income consumers. All detergent convenience packets are small enough to be sold in vending machines to make them handy for students on a tight budget living on campus. This is an example of:________.
a. age segmentation
b. ethnic segmentation
c. gender segmentation
d. income segmentation
A small number of lizards from a mainland population have been deposited on four isolated islands because of the effects of a rare strong storm. Which of the following best predicts the outcome of these lizards reproducing for many generations on the islands?
a. Courtship rituals specific to each island lizard species prevent the lizards from interbreeding.
b. Speciation results from bottleneck events that happened before the ancestral species reached the islands.
c. The different species that currently exist are the result of hybridization between lizards from different islands.
d. The isolation prevents gene flow; thus, the lizards on different islands experience prezygotic isolation.
The isolation prevents gene flow; thus, the lizards on different islands experience prezygotic isolation.
What is reproduction isolation?Reproduction isolation is the inability of related species to breed due to geographical or genetic differences
Prezygotic isolation is a type of isolation that occurs before the formation of a zygote can take place. Examples are behavioral and temporal isolation.
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The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this process
Answer:
Developing an action plan that identifies ways to achieve your financial goals.
Greg eats pizza every day of the week. The marginal utility of pizza will most likely ________ by the end of the week, and all else being equal, this demonstrates the law of ________.
Answer:
Greg eats pizza every day of the week. The marginal utility of pizza will most likely decrease by the end of the week, and all else being equal, this demonstrates the law of diminishing marginal utility .
Even though John is a very skilled and talented auto mechanic, his repair shop still failed due to his lack of skills in finance, marketing, customer service, and employee management. This common scenario is known as:______.
Answer:
so I have to rip off my
Explanation:
hi all you have to put it up for me now so that we can do it properly
Which one of the steps in the selling process was represented when the insurance consultant reviewed the insurance package he had prepared with the customer
Answer:
prospecting is the first selling proses
Question 10 of 10
Credit unions differ from banks because they don't do what?
A. Have ATM machines
B. Seek to make profits
c. Offer checking accounts
D. Give out loans
SUBMIT
Answer:
how to get rid of the red sky episode of this is not a good time for you guys to come over for
The type of unemployment most likely to result in hardship for the people who are unemployed is.
Answer:
The correct answer is probably B.
Explanation:
The correct answer is probably B because structural unemployment requires retraining to acquire new job skills.
What are the three functions performed by intermediaries in a marketing channel?.
Some of the functions performed by intermediaries in a marketing channel includes:
a physical distribution of goodsinventory storagesorting of goods.What is a marketing channel?Its refers to the way at which distribution of goods takes place from manufacturer to the final consumers.
Who are the intermediaries in a marketing channel?An intermediaries means the people actively involved in the distribution of goods or services to the consumer and they includes agents, wholesalers, distributors, retailers etc
In conclusion, the function that includes a physical distribution of goods, inventory storage and sorting of goods are performed by intermediaries in a marketing channel.
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True or False: The production function becomes steeper as the number of hours spent fishing increases.
It is true that the production function becomes steeper as the number of hours spent fishing increases.
What is production function?Production function is what relate physical output of a production process to physical inputs or factors of production.
It should be noted that at higher levels of production, firms require fewer inputs to increase production by the same amount.
Hence, It is true that the production function becomes steeper as the number of hours spent fishing increases.
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