under asc 842, long-term operating leases are reported on the lessee’s balance sheet, and depreciation expense will be recorded for the right-of-use asset.T/F
Answers
True. Under ASC 842, long-term operating leases are reported on the lessee's balance sheet.
ASC 842, which stands for Accounting Standards Codification 842, is the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). It requires lessees to recognize lease assets and lease liabilities on their balance sheets for long-term operating leases. Prior to ASC 842, operating leases were not recognized on the lessee's balance sheet. Instead, lease payments were expensed over the lease term. This created a potential lack of transparency as it did not accurately reflect the lessee's long-term lease obligations and the assets they controlled. Under ASC 842, lessees are required to recognize a right-of-use asset and a corresponding lease liability for all leases with terms longer than 12 months. The right-of-use asset represents the lessee's control over the use of the leased asset, and the lease liability represents the lessee's obligation to make lease payments.
As a result, the lessee's balance sheet will reflect both the lease liability as a long-term liability and the right-of-use asset as a non-financial asset. The right-of-use asset is initially measured at the present value of the lease payments and is subsequently amortized over the lease term, resulting in the recognition of depreciation expense.
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Related Questions
Eva invested a certain amount of money at 2% interest and $1500 more than that amount at 5%. Her total yearly interest was $215. How much did she invest at each rate
Answers
Eva invested $2000 at 2% and $3500 at 5%.Hence, Eva invested $2000 at 2% and $3500 at 5%.
Let us take the amount that Eva invested at 2% be x.
Let us take the amount that Eva invested at 5% be x + $1500.Therefore, the total amount that Eva invested is x + x + $1500 = 2x + $1500.We are given that Eva's total yearly interest was $215.The interest from 2% is (2/100)x = 0.02x.
The interest from 5% is (5/100)(x + $1500) = 0.05x + $75.
The sum of the interest is given to be $215. Thus,0.02x + 0.05x + $75 = $2150.07x = $140x = $2000
Therefore, Eva invested $2000 at 2% and $3500 at 5%.Hence, Eva invested $2000 at 2% and $3500 at 5%.
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The stage in the product life cycle when competitors enter the market is known as the _____ stage. Select one: a. Maturity b. Growth c. Introduction d. Decline e. Downsizing
Answers
Answer: Growth stage
Explanation:
The growth stage is the period in the product life cycle during which the product has started to eventually and increasingly gains the acceptance among consumers, industry, and also the wider general public.
During this stage, the innovation or the product becomes accepted in the market, and hence, the sales and the revenues start to increase. At this stage, competitors start entering the market.
Answer:
The answer is B.
Explanation:
The life cycle of a product has 5 stages. The first stage, which is introduction, consist of things such as the point of entry to the market, low number of customers. The second stage, growth stage, is where the product sales start to increase and more companies start production and enter the market. In the maturity stage, sales numbers reach their highest point and after that they begin to decrease along with the number of customers, towards decline.
So the answer is option B, growth.
I hope this answer helps.
Which statement is most accurate in describing the current trend in manufacturing in the united states?.
Answers
The most accurate statement to describe the current trend in manufacturing in the united states is Manufacturing jobs in the U.S. have declined significantly.
What is situation of Manufacturing jobs in U.S?In United States their were many Manufacturing industry which makes US to be among the top coutry that exports manufacturing products.
But the current trend is that there is a decline in the Manufacturing jobs in the U.S. have declined significantly.
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Answer:
The number of people working in manufacturing continues to fall.
Explanation:
An organization's __________ enables the processing, storing, and transmitting of data at the organization level.
Answers
An organization's information systems infrastructure enables the processing, storing, and transmitting of data at the organization level.
What is information systems?Information systems have a critical role in organizations. Practically all companies and organizations depend on information systems and their operations. Therefore, robustness and reliability are key issues in information systems and information systems infrastructures. Trustworthiness of technologies and systems is important, meaning that these need to be the goals of information systems management and development. Information systems need to be developed so that robustness and flexibility could be built into information systems and infrastructures. The goal is to develop systems that enable rather than restrict, so that systems act as a robust basis for activities and operations, and make it possible to reach for operative and strategic goals.To learn more about information systems, refer: https://brainly.com/question/13299592?referrer=searchResults
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make a budget of 2000 dollars for a grade six pupil
Answers
Answer:
Spend half save half
Explanation:
They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
How do plants obtain the water required for photosynthesis?
Answers
Answer:
from their roots
Explanation:
the roots dig into the ground and absorb water for the plant
Answer:
they obtain their water from the roots of the plant and roots take the water from the soil.
In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Joe owns a business which produces wooden furniture he employs 20 workers in the production Department and three workers in the office is Joe pays all his workers wages which are calculated by time rate but he is thinking of changing to peace rate
Answers
Answer:
The peace rate will result in lower total wages than time rate.
Explanation:
Piece rate is a wages calculator in which labors are paid for the piece of work done by them. They are paid for the quantity of units produced irrespective of time consumed. Time rate is wage calculation method in which wages are calculated based on hours worked. The major disadvantage for this method is that labors can waste time making products due to securing high wage.
state governments use to compete with other states and countries to locate businesses in their areas.
Answers
Answer:marketing
Explanation:
The state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
What is businesses?
The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
According to state governments, are the utilized to the states and nations are the based on the situated are the state and the businesses in the is area are the based on the marketing. Marketing is the practice of a business of promoting the acquisition and selling of goods and services. Marketing consists of promotion, publicity, and advertising.
As a result, the state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
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Protect specific signs and trademarks that distinguish specific goods and services from other goods and services. 4 Multiple Choice X 00:55:15 Export Import property rights O Intellectual property rights O Industrial property rights O о International property rights
Answers
Industrial property rights protect specific signs and trademarks that distinguish specific goods and services from other goods and services. The correct answer is option C.
Intellectual property rights protect specific signs and trademarks, allowing the owners to distinguish their goods and services from those of others. This protection helps maintain the distinctiveness and value of the owner's brand or product.
IPR provide certain exclusive rights to the inventors or creators of that property, in order to enable them to reap commercial benefits from their creative efforts or reputation. There are several types of intellectual property protection like patent, copyright, trademark, etc.
Industrial property includes patents, trademarks, industrial designs, and geographical indications; whereas copyright includes literary works, films, music, artistic works and architectural design and rights related to the same inclusive of rights of performers, artists, producers, and broadcasters.
Therefore, the correct answer is option C. Industrial property rights.
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A vertical analysis is best used to make comparisons between multiple companies.
a. True
b. False
Answers
The claim is a. accurate. Vertical analysis is frequently used to compare different organizations. This instrument is used to assess financial statements.
A vertical analysis is what?Vertical analysis compares financial statements by showing each line item as a percent of another budget item on the statement. "Horizontal analysis" is frequently used in conjunction with this kind of study.
What quality does vertical analysis have?What quality does vertical analysis have? It determines the proportions of individual items to the overall. It is a statement of the logical connections between things within a time frame. It computes the dollar variations in the statement items. It computes adjustments to components or totals of comparative statements.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Which of the following is not an example of professional behavior
?
Answers
What marketing strategy would be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service
Answers
The marketing strategy that involves "creating a brand identity" is the one that would be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service
What is a marketing strategy?This refers to the set of plans about marketing which are designed to fulfil the objectives of a business such as setting out of plans about product development, pricing and promotion to achieve marketing objectives.
However, the process of creating a brand identity will be most effective at helping a fitness professional tell a story and create an instantly recognizable level of service because it provide a physical features that can be reckon with.
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Cash Payback Period, Net Present Value Analysis, and Qualitative Considerations The plant manager of Shenzhen Electronics Company is considering the purchase of new automated assembly equipment. The new equipment will cost $1,400,000. The manager believes that the new investment will result in direct labor savings of $350,000 per year for 10 years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. What is the payback period on this project? 4 years b. What is the net present value, assuming a 10% rate of return? Use the table provided above. Round to the nearest whole dollar. Net present value
Answers
Answer:
NPV = $750,598.49
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = amount invested / cash flow = $1,400,000 / $350,000 = 4 years
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-1,400,000.
Cash flow each year from year 1 to 10 = $350,000.
I = 10%
NPV = $750,598.49
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
over the last fifty years, manufacturing has moved to the developing world where ________ than in the united states and europe.
Answers
Over the last fifty years, producing has moved to the creating scene where wages and restrictive regulations tend to be lower than in the united states and Europe.
The option (A) is correct.
It's important to note that while manufacturing has shifted to the developing world, created nations like the US and Europe hold huge assembling capacities.
The relocation of manufacturing to the creating scene has been driven by cost contemplations, administrative contrasts, market access, and accessibility of abilities. Notwithstanding, it's critical to perceive the different and nuanced nature of this pattern, as every nation and locale has its remarkable conditions and modern improvement techniques.
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This question is not complete, Here I am attaching the complete question:
Over the last fifty years, manufacturing has moved to the developing world where ________ than in the united states and europe.
(A) wages and restrictive regulations tend to be lower
(B) Ambulance service
(C) The ability to scale up very quickly
Franklin is planning for a purchase of a vehicle in two years. Since he wants to be
certain that his funds are safe (insured), which of the following should he use? *
O A credit card
O A mortage
O A loan
O A savings account
Answers
Answer: A Savings Account
Explanation:
Between 1950 and 2015 the percentage of women in the work force has______.
A. remained more or less constant
B. decreased by a noticeable margin
C. surpassed the percentage of men
D. increased by a significant margin
Answers
Answer:
A.
increased by a significant margin is correct
Explanation:
The proportion of women in the labor force has significantly increased between 1950 and 2015. As a result, option (D) is the appropriate response.
What do you know about the women participation in workforce?Since the industrial revolution, women's engagement in the labor force outside the home has grown in industrialized countries, with a particularly significant increase noted in the 20th century.
Women made up 34% of the general labor force in 1950. In 1960, the rate increased to 38%, then to 43% in 1970, 52% in 1980, 58% in 1990, and 60% in 2000.
In the labor force in 1950, women made up around one third of the population. By 1998, almost three out of every five working-age women were employed. In 1950, 33.9 percent of women over the age of 16 were in the work force; by 1998, that number had increased to 59.8 percent.
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Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
Please mark me brainliest if someone else answers :>
What term is commonly used to describe how a company builds and maintaining strong barriers to withstand competitive attacks?.
Answers
Product differentiation is used by companies to maintain strong barriers to withstand competitive attacks.
The fundamental aspect that differential products and services of a company from that of other companies if known as product differentiation. Product differentiation that works results in brand loyalty and higher revenue.
A product differentiation strategy entails finding and highlighting a product or business's distinctive characteristics in addition to the key distinctions between it and its rivals. Creating an attractive value proposition and product differentiation work hand in hand in order to make a product or service appealing to a target audience or client. If done well, product differentiation can give the seller of the product a competitive edge and ultimately increase brand recognition.
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Subsequent to the close of Spacely Sprockets fiscal year ending October 31, 2019, a major debtor has declared bankruptcy due to a series of events. The receivable is significantly material in relation to the financial statements, and recovery is doubtful. The debtor had confirmed the full amount due to Spacely Sprocket at the balance sheet date. Because the account was confirmed at the balance sheet date, Spacely refuses to disclose any information in relation to this subsequent event. The CPA believes that all other accounts were stated fairly at the balance sheet date. In addition, Spacely changed their method of inventory valuation from FIFO to LIFO. This change was disclosed in Note X to the financial statements. Accordingly, what type of opinion should be expressed?
Answers
Based on the information provided, the CPA should express a qualified opinion in the auditor's report. Here's the reasoning for this conclusion:
Material Bankruptcy of a Major Debtor: The bankruptcy declaration by a major debtor subsequent to the balance sheet date is a significant event that affects the financial statements. Given the doubtful recovery of the receivable and the materiality of the amount, it should be recognized or disclosed in the financial statements as a loss contingency. However, Spacely Sprockets refuses to disclose any information regarding this subsequent event. As a result, the auditor is unable to determine the impact on the financial statements.
2. Change in Inventory Valuation Method: Spacely Sprockets has changed its method of inventory valuation from FIFO to LIFO and has adequately disclosed this change in Note X to the financial statements. Since the change in accounting policy has been appropriately disclosed and the auditor has no concerns regarding its application or impact on the financial statements, this change does not impact the auditor's opinion.
Considering these factors, the auditor should issue a qualified opinion, which indicates that the financial statements present fairly, except for the effects of the matter discussed in the Basis for Qualified Opinion section of the auditor's report. The qualified opinion highlights the limitation of scope due to the lack of disclosure regarding the doubtful receivable resulting from the debtor's bankruptcy declaration.
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Omar ordered his sister a birthday card from a company that randomly selects a card from their inventory. the company has 212121 total cards in inventory. 141414 of those cards are birthday cards. what is \text{p(not a birthday card})p(not a birthday card)start text, p, left parenthesis, n, o, t, space, a, space, b, i, r, t, h, d, a, y, space, c, a, r, d, end text, right parenthesis?
Answers
Birthday cards are not 70707 cards..That is almost 33%.
What is P(not a birthday card) ?That is almost 33%.
Detailed explanation:
Important details:
212121 cards in total- 141414 birthday cards
The expression 212121 - 141414 denotes cards that aren't birthday cards.
Birthday cards are not 70707 cards.
That is almost 33%.
There are 21 cards in all in the inventory.
There are 14 birthday cards total.
Then 212121-141414=70707 cards are not birthday cards, which is the total number of cards.
The likelihood of receiving a card that is not a birthday card if a corporation chooses a card at random from their stock is:
P(not a birthday card)=not a birthday card /all cards
= 70707/212121 *100
= 33%
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Does the Way Your Classroom Is Decorated Affect Your Learning?
Answers
: Consider The Following Simplified Scenario. Imagine That The Australian National Rugby Union (For Short, Rugby AU) Has Exclusive Rights To Organize The Games Played By The National Team. Rugby AU Decides That The Next Match, Between The Wallabies And The All Blacks (I.E., The Australian And The New Zeeland National Rugby Teams), Will Be
Consider the following simplified scenario. Imagine that the Australian national rugby union (for short, Rugby AU) has exclusive rights to organize the games played by the national team. Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., the Australian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadium in Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginal cost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be sold for the game: concession and full fare. Based on any official document that attests to their age, children and pensioners qualify to purchase concession tickets that offer a discounted price; everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets is QC(P) = 80 – 2P.
a. The government wants to encourage children and pensioners to attend sport events. To do so, it is willing to give Rugby AU a subsidy of s per concession ticket sold, but the government wishes to calibrate this subsidy such that Rugby AU will sell the same number of concession tickets as in perfect competition. Assuming that the government knows the demand and the costs that Rugby AU has, compute how much the subsidy s should be. (8 points)
b. Cross subsidization: Suppose the government wishes to finance the total cost of the subsidy given in b) for concession tickets by taxing the tickets sold at full fare. Can you find the minimum amount of tax per unit t that the government would have to charge Rugby AU for the tickets sold at full fare in order to cover the total subsidy needed for the concession tickets? Justify your answer.
Answers
a. The government should give a subsidy of $10 per concession ticket sold. This will ensure that Rugby AU sells the same number of concession tickets as in perfect competition.
b. The government can finance the total cost of the subsidy by charging a tax of $10 per full-fare ticket sold. This is because the total revenue from the tax will be equal to the total cost of the subsidy.
a. In perfect competition, the price of a good is equal to its marginal cost. In this case, the marginal cost of a concession ticket is $20. Therefore, in perfect competition, the price of a concession ticket would be $20. The government wants to ensure that Rugby AU sells the same number of concession tickets as in perfect competition. To do this, it should give a subsidy of $10 per concession ticket sold. This will bring the price of a concession ticket down to $10, which is equal to its marginal cost.
b. The total cost of the subsidy is $800. This is because there are 80 concession tickets that will be sold, and each ticket will be subsidized by $10. The government can finance this cost by charging a tax of $10 per full-fare ticket sold. This is because there are 120 full-fare tickets that will be sold, and the total revenue from the tax will be $1200. This is equal to the total cost of the subsidy.
The government should not charge a higher tax than $10 per full-fare ticket sold. This is because if it does, some people who would have been willing to pay $20 for a full-fare ticket will no longer be willing to do so. This will lead to a decrease in the number of full-fare tickets sold, and the government will not be able to raise enough revenue to finance the cost of the subsidy.
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What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answers
Answer:
Technical
Explanation:
100% on test
________ products are relatively ________ because they can experience substantial variability. Group of answer choices Innovative, safe Functional, risky Functional, safe Innovative, risky
Answers
Innovative products are relatively risky because they can experience substantial variability. Option D is correct.
Innovation often involves introducing new and groundbreaking ideas, technologies, or designs into the market. These novel products may lack a proven track record or established market demand, making them inherently riskier compared to more conventional or established offerings.
Innovative products may face challenges such as technological uncertainties, consumer acceptance, or unforeseen issues during production or distribution. Due to their unique nature, innovative products can experience significant variability in terms of performance, user experience, or market reception.
This variability adds an element of risk, as their success or failure may be less predictable than with tried-and-tested functional products that have a known market demand and performance.
Therefore, option D is correct.
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PLEASE ANSWER ASAP!!! (proof isnt needed!)
also rocky u better not be a troll!
Answers
INCREASE
Hope I help!!!
Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence
Answers
Answer: dishonesty and dependence.
Explanation:
Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.
Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.
Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.
Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.
Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.
Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.
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Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age