In a lease financing arrangement, a finance company will purchase equipment, which it then leases to a company for a set period
Indicate whether the statement is true or false
TRUE
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Under joint and several liability, all the parties responsible for a tort will be liable for damages as well
Indicate whether the statement is true or false
Consider a work center with a demand rate of 50 parts per hour and using a container that can hold 12 parts. It is estimated that the container takes 1 hour to cycle through the work cell. Assume a safety stock level of 10 percent. What is the value of D for this system?
a. 50 b. 12 c. 1 d. 0.1
In a competitive market, perceived value is determined by consumers mostly
A. in relation to the value of its close competitors. B. by weighing primary versus secondary benefits. C. through brand association and brand licensing. D. by quantitative analysis of brand personalities. E. by trying out different products.
On January 1, Year 1, Sheffield Corporation purchased equipment for $100,000. Sheffield used the straight-line method of depreciation with a $12,000 salvage value and a useful life of 5-years. On January 1, Year 3, Sheffield sold this equipment for $70,000.Required: a) Calculate the gain or loss Sheffield should recognize from this sale.b) Prepare the journal entry to record the sale.
What will be an ideal response?