Which of the following is not a possible treatment of a capital lease?
a. The lessee treats lease payments as periodic expenses.
b. The lessor treats the lease like a sale with vendor financing.
c. The lease is treated by a third party like a loan with income realized through implicit interest in each lease payment.
d. The lessee treats the lease as a purchase with debt financing.
ANSWER: A
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Fill in the blank(s) with the appropriate word(s).
A lockbox plan is
A. used to protect cash, i.e., to keep it from being stolen. B. used to identify inventory safety stocks. C. used to slow down the collection of checks our firm writes. D. used to speed up the collection of checks received. E. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks.
When hiring from internal sources, ________ usually plays a greater role in unionized organizations.
A. economic status B. seniority C. merit D. prior performance
What is ERP? Why was it developed?
What will be an ideal response?