On March 1 . 2014, Hardy Corp became the lessee of new equipment under a noncancelable six-year lease. The total estimated economic life of this equipment is ten years. The fair value of this equipment on March 1 . 2014, was $100,000 . The lease does not meet the criteria for classification as a capital lease with respect to transfer of ownership of the leased asset, or bargain purchase option,
or lease term. Nevertheless, Hardy must classify this lease as a capital lease if, at inception of the lease, the present value of the minimum lease payments (excluding executory costs) is equal to at least
a. $67,500.
b. $75,000.
c. $90,000.
d. $100,000.
C
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Contribution margin ratio is the ratio of contribution margin to ________.
A) net sales revenue B) cost of goods sold C) total variable costs D) total fixed costs
Answer the following statements true (T) or false (F)
1. In a standard costing system, each input of direct materials, direct labor, and manufacturing overhead has a cost standard and an efficiency standard. 2. A standard cost system helps management set performance standards. 3. A favorable direct materials cost variance occurs when the actual direct materials cost incurred is less than the standard direct materials cost. 4. A favorable direct materials cost variance occurs when the actual direct materials cost incurred is greater than the standard direct materials cost. 5) Favorable and unfavorable variances are netted together in the same way debits and credits are.
Words or phrases that suggest pictorial relationships between objects or ideas are known as ________
Fill in the blanks with correct word
In the context of the eight stages of effective listening, which of the following is a purpose of stage one, listening without objectives?
a. Identifying influencers to improve overall marketing strategy b. Measuring impact of satisfaction or frustration during interaction c. Generating high sense of satisfaction for customers d. Keeping up with brand and competitor information