For a lease that contains a bargain purchase option, minimum lease payments include
A) any guarantee by the lessee of the residual value.
B) any payments on failure to renew or extend the lease.
C) executory costs.
D) minimum periodic rental payments required by the lease over the lease term.
D
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In deciding whether to drop its electronics product line, a company's manager should ignore ________.
A) the variable and fixed costs it could save by dropping the product line B) the revenues it would lose from dropping the product line C) the effect of dropping the electronics product line on the sales of its other products D) the amount of unavoidable fixed costs
Etiquette rules for using a cell phone advise users to avoid cell yell.
Answer the following statement true (T) or false (F)
Political consultants market politicians when they "package" candidates who then compete for "market share" as measured by ________
A) purchases B) market fulfillment C) credence qualities D) votes E) social networking
A company purchased and installed equipment on January 1 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The equipment was disposed of on July 1 of the fourth year. The company uses the calendar year.1. Prepare the general journal entry to update depreciation to July 1 in the fourth year.2. Prepare the general journal entry to record the disposal of the equipment under each of these three independent situations:a. The equipment was sold for $22,000 cash.b. The equipment was sold for $15,000 cash.c. The equipment was totally destroyed in a fire and the insurance company settled the claim for $18,000 cash.
What will be an ideal response?