Matt co. is the lessor in connection with an operating lease. matt co. would record a depreciation expense. The lessor records it as a depceciation expense becuase they are using a stright-line lease as a source of revenue. As the operation lease declines, it will keep showing as a depreciation on their balance sheets.
Answer:
Henry is the intended beneficiary of the insurance policy and as such, he is bound to the time limitations and all the other clauses included in the contract.
Explanation:
Intended beneficiaries are third parties that can benefit from a contract. Third parties are not part of the contract and may not even know that they were included as beneficiaries in it, but they are bound by all the legal clauses included in the contract. They must be included in the contract and all the benefits they might obtain have to be explicitly established.
Decentralized refers to the process of the activities an organization has within delegation. A centralized organization would have operations coming from a central person or group that has authority over the person or group. A decentralized organization has more independent workers making decisions without being delegated tasks over and over.
Answer:
Total Cash collected from all customers during 2022 is $1,341,600
Explanation:
Items Amount
Credit sales $1,224,000
Add: Accounts Receivable Dec 31,2021 $216,000
Less: Accounts Receivable Dec 31,2022 <u>($254,400)</u>
Cash collected from credit sales <u>$1,185,600</u>
Cash sales $156,000
Cash collected from credit sales $1,185,600
Total Cash collected from all customers $1,341,600
Answer:
content validity
Explanation:
Content validity is a type of test that measures the conduct, knowledge, ability or capacity of the subject (in this case the job applicant).
Brick-n-Go is carrying out this test to measure the abilities and knowledge that the job applicants have regarding the recognition of real life construction errors.
