____ plans are focused, short term, and specific.
a. Tactical
b. Operational
c. Strategic
d. Corporate
b. Operational
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Kurtain Corp leased a new building and land from Harlow Leasing Inc for 20 years. At the inception of the lease the building and land have fair market values of $150,000 and $20,000, respectively. The building has an expected economic life of 25 years. Which of the following statements is correct regarding Kurtain's treatment of the lease?
a. Kurtain should treat the lease as a capital lease provided that the land and building are recorded in separate asset accounts and accounted for separately. b. Kurtain should treat the lease as a capital lease only if there is either a bargain purchase option or an automatic transfer of ownership at the termination of the lease. c. Kurtain should treat the lease as a capital lease even though there is no bargain purchase option and no automatic transfer of ownership at the termination of the lease. d. Kurtain should treat the lease as a capital lease only if Harlow treats the transaction as a leveraged lease.
Which of the following is NOT considered a software threat to security?
a. worms b. spyware c. trojan virus d. file corruption
The main reason that someone would use a cashier's check to make a payment rather than a
check drawn on that person's own account is that: A) The person will obtain a longer float time with the cashier's check. B) Payees are often more willing to accept a cashier's check. C) Using a cashier's check will cost less. D) Cashier's checks can be indorsed to third parties.
Jenna Fisk started her business by issuing $8,000 of common stock on January 1, Year 1. Jenna performed $18,500 of service on account during Year 1, and she collected $16,200 of this amount by the end of Year 1. She also paid operating expenses of $14,900 and paid a $600 dividend to the stockholders during Year 1.Required:a) Determine the amount of total assets at the end of Year 1. b) Determine the amount of cash on hand at the end of Year 1.c) Determine net income for Year 1.d) Prepare a balance sheet as of December 31, Year 1.
What will be an ideal response?