A lease must be treated as a direct financing lease by the lessor when at least one of the four basic criteria is met, collectability of the minimum lease payments is reasonably assured, no uncertainties surround the amount of the unreimbursable costs, and
A) the lessor is a financial institution.
B) the interest revenue element is determined in such a manner as to produce a constant rate of return on the net investment of the lease.
C) the lessor does not have a dealer profit or loss.
D) the lease agreement contains a provision for unguaranteed residual value.
C
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The employees' union and the management at Rex Inc. enter into a contract, which requires Rex to improve its facilities and ensure the safety of its employees. However, a few months later, the employees observe that the conditions have remained the same and that management has not taken any steps to revamp its systems. As a result, the union files a case against Rex for violating the terms of their contract. In order to resolve this issue, the union and Rex will both have to participate in a process for resolving conflicts, known as
A. lockout protocols. B. the unionship arrangement. C. the chain of command. D. right-to-work laws. E. the grievance procedure.
A manufacturer is liable for express warranties made by wholesalers and retailers
Indicate whether the statement is true or false
Most customers enjoy "ping-ponging," or being passed from one employee or department to another.
Answer the following statement true (T) or false (F)
The bookkeeper for the Martel Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. The equipment being depreciated had a cost of $16,00 . and falls under the class of equipment to be
depreciated at a rate of 20% for the first year and 32% for the second year. The equipment was purchased and put into use during the first quarter. Compute the total amount of depreciation expense through the end of the second year.