The distinction, for the lessor, between a direct financing lease and a sales-type lease is the presence or absence of
A. a bargain purchase option.
B. minimum lease payments.
C. manufacturer's or dealer's profit.
D. an unguaranteed residual value.
Answer: C. manufacturer's or dealer's profit.
Business
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The following activities must be performed when goods cross international boundaries except:
A) obtaining currency permit. B) packing goods for export. C) transporting the goods. D) preparing a land bill of lading. E) receiving payments.
Business
Which of the following is true of an employment contract?
A) Not every employee has an employment contract. B) To be enforceable, the contract has to be in writing. C) Verbal contracts generally supersede written contracts. D) At-will employees have a definite time period of service mentioned.
Business