subject
Business, 07.03.2020 00:23 carog24

On September 1, 2021, Custom Shirts Inc. "entered into a lease agreement appropriately classified as an operating lease". The lease term is three years. The annual payments by Custom Shirts are (a) $24,000 for year 1, (b) $28,000 for year 2, and (c) $32,000 for year 3. How much total lease expense will Custom Shirts recognize for 2021

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t
Answers: 1
question
Business, 22.06.2019 03:30
Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?
Answers: 2
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
You know the right answer?
On September 1, 2021, Custom Shirts Inc. "entered into a lease agreement appropriately classified as...
Questions
question
Mathematics, 11.11.2020 01:00
question
Business, 11.11.2020 01:00
question
Computers and Technology, 11.11.2020 01:00
question
Mathematics, 11.11.2020 01:00