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2 years ago

Minnetonka Company leases an asset. Information regarding the lease:

Business

2 answers:

emmainna [20.7K]2 years ago

6 0

Answer:

D) Finance.

Explanation:

In a financial lease, the lessee must include the leased asset in its balance sheet. Even though the title of the leased asset is transferred after the lease term is over, the lessee must consider the leased asset as its own. The lessee even has to depreciate the leased asset in the same way as it treats similar assets owned by the company.

While the lessee depreciates the leased assets, the lessor must amortize them.

wariber [46]2 years ago

4 0

Answer: The options are given below:

A. Short term.

B. Operating.

C. Long

D. Finance.

The correct option is D. Finance.

Explanation: A finance lease is the kind of lease in which a finance company is the legal owner of the asset throughout the duration of the lease, while the lessee has both operating control over the asset, and some share of the economic risks and returns from the change in the valuation of the underlying asset.

In a finance lease agreement, ownership of the property is transferred to the lessee at the end of the lease term.

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Betty and bob are not married but are living together. they have a heated argument and Betty hits bob with a baseball bat, causing a major injury. bob is the father of Betty's child, Bertram. the police show up. So Betty is going to be arrested because battery on someone who is cohabiting with and has a child with spousal battery. The appropriate charge will be PC 243(f)(4), which is for serious bodily injuries such as bone fracture, loss of organ or a body part and loss of memory and consciousness.

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1 year ago

Micro, Inc., started the year with net fixed assets of $75,675. At the end of the year, there was $97,225 in the same account, a

BabaBlast [244]

Answer:

the net capital spending for the year is $35,105

Explanation:

The computation of the net capital spending for the year is given below:

Closing Balance $97,225

Add: Depreciation $13,555

Less: Opening Balance -$75,675

Assets Purchased $35,105

Hence the net capital spending for the year is $35,105

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1 year ago

Which method of international expansion causes the least amount of risk? multiple choice joint venture licensing wholly owned su

svetlana [45]

Exporting has the least amount of risk. This is because the company is simply selling its wares to other businesses and consumers, without having to worry about licensing the product, getting permissions from other governments, or having to jump through loopholes to get the product in the hands of the intended audience.

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2 years ago

Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000

meriva

The answer is D.
Continue to operate her business, and she is also in long run equilibrium.

4 0

2 years ago

Salter Manufacturing Company produces inventory in a highly automated assembly plant in Fall River, Massachusetts. The automated

wolverine [178]

Answer:

a. Total overhead = $294,720 + $24 × machine hours

b. Total overhead = $137,040 + $0.05 × Kilowatt-hours

c. The kilowatt-hours was the best predictor for July

Explanation:

High low method is used to separate the variable cost and fixed costs elements in a Semi-Variable Cost item.

machine-hours as cost driver.

First find the 2 points : the High and the Low

High Point : March

Machine-hours = 4,680

Total Overhead = $ 407,040

Low Point : June

Machine-hours = 3,720

Total Overhead = $ 384,000

Next find the Difference in the overhead cost and the cost driver of the 2 points

Overheads = $23,040

Machine-hours = 960

Find the Variable cost element

Variable cost = difference in overhead / difference in cost driver

= $23,040 / 960

= $24

Find the Fixed Cost Element.

Fixed Cost = Total Overhead - Variable Overhead

selecting the high point, this will be :

= $ 407,040 - (4,680 × $24)

= $294,720

Determine the Cost function

Total overhead = $294,720 + $24 × machine hours

machine-hours as cost driver.

First find the 2 points : the High and the Low

High Point : March

Kilowatt-hours = 5,400,000

Total Overhead = $ 407,040

Low Point : June

Kilowatt-hours = 4,944,000

Total Overhead = $ 384,000

Next find the Difference in the overhead cost and the cost driver of the 2 points

Overheads = $23,040

Kilowatt-hours = 456,000

Find the Variable cost element

Variable cost = difference in overhead / difference in cost driver

= $23,040 / 456,000

= $0.05

Find the Fixed Cost Element.

Fixed Cost = Total Overhead - Variable Overhead

selecting the high point, this will be :

= $ 407,040 - (5,400,000 × $0.05)

= $137,040

Determine the Cost function

Total overhead = $137,040 + $0.05 × Kilowatt-hours

Apply the machine hours for july

Total overhead = $294,720 + $24 × machine hours

= $294,720 + $24 × 4,000

= $390,720

Apply kilowatt-hours for july

Total overhead = $137,040 + $0.05 × Kilowatt-hours

= $137,040 + $0.05 × 4,550,000

= $364,540

Conclusion :

The kilowatt-hours was the best predictor for July

7 0

2 years ago