The primary issue in a sale-leaseback transaction is that
A) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease.
B) ?the seller-lessee recognizes a gain in the period of the transaction but defers any gain and amortizes it over the life of the lease.
C) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease.
D) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease.
A
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Which of the following statements is true?
A) Offensive strategic market plans require investment for growth, which limits long-run profit performance, but does not limit sales revenue. B) Defensive strategic market plans promote short-run profit performance but are not that effective in growing sales revenue. C) In the long run, all market strategy will shift from an offensive strategic market plan to a growth-oriented plan. D) Offensive strategic market plans are geared to deliver above-average performance in the areas of sales growth, share position, and improved short-run profits. E) Defensive strategic market plans are not geared towards the protection of market share.
Ben entered into a contract with Clooney Construction Inc. under which Clooney agreed to do $40,000 worth of remodeling of his home. Clooney agreed that the contract price could be paid in installments, and that to secure these payments, Clooney would take out a second mortgage on Ben's home. The day after signing the contract, Ben had second thoughts and immediately hand-delivered a written notice to Clooney stating that he wanted to rescind the contract. Which of the following statements is true of this case?
A. Ben can rescind the contract under the seller's right to cancel the right provided by the Truth in Lending Act as their house was not used as collateral. B. Ben cannot rescind the contract because the transaction involved more than $25,000 and was, therefore, not covered by the rescission right in the Truth in Lending Act. C. Ben cannot rescind because the rescission right in the Truth in Lending Act does not apply to transactions in which the creditor takes a mortgage to secure the loan. D. Ben can rescind the contract under the rescission right of the Truth in Lending Act.
A catalog retailer specializes in ceramic figures, paintings, books, and other decorative items related to endangered animals. The company is considering donating 10 percent of its net profit to the World Wildlife Foundation (WWF)
This idea may attract more customers who like the idea of a portion of their money supporting this charity that works to save species. Provide several examples of primary and secondary data that the retailer can use in its market research.
On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2012 carrying amount in the amortization table for this installment note will be equal to:
A) $0 B) $13,000 C) $14,252 D) $16,603