The five criteria provided in GAAP for distinguishing a finance lease from an operating lease do not include:

a) The agreement specifies that ownership transfers at the end of the lease term.
b) The collectibility of the lease payments must be reasonably predictable.
c) The agreement grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise.
d) The noncancelable lease term is for the major part of the remaining economic life of the leased asset.

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?