The discount rate that, when applied to the minimum lease payments together with any unguaranteed residual, causes the aggregate present value at the inception of the lease to be equal to the fair market value of the leased property.
a flow measurement device for liquids and gases that uses a flow tube and specialized float. The float device is supported by the flowing fluid in the clear glass or plastic flow tube. The vertical scaled flow tube is calibrated for the desired flow volumes/time.
An Income Statement, also known as a Profit and Loss Statement or simply P&L, provides a summary of each element that produces your franchise’s net profit. It provides information on sales income, product costs, operating expenses, and the resulting net profits. Income Statements are organized to follow the net profit formula: Sales Income - Product Costs = Gross Profit - Operating Expenses = Net Profit
A clause in a master lease agreement that requires lessees to indemnify lessors against any and all claims, suits, actions, damages, liabilities, expenses, costs, including attorney fees, whether or not suit is instituted or incurred in connection with the equipment.
an engineered structure that facilitates infiltration of water into the subsurface. Infiltration galleries may consist of one or more horizontal or vertical perforated pipes, a single gravel-filled trench or a network of such trenches, or a combination of these.
This method is to only be used for the following Product Categories: #25 Chicken #27 Deli #30 Food Service #41 Fresh Baked Pizza #42 Convection Oven Products #28 Fountain Drink - Cold #29 Hot Drinks #40 FCB
Under this method merchandise additions are made at cost value and no retail value. They will not be extended to a retail value as are other store products. Retail value is added to the retail book inventory via a price change after the item is sold. The retail value will be determined by the related department sales found on the closing register tape.
Example: Purchase: 5 lb. Ham @ $1.59 lb $ 7.95 5 lb. Turkey @ $2.29 lb $11.45 5 lb. American Cheese @ $1.67 lb $ 8.35 Total $27.75
Merchandise Addition: Cost = $27.75 Retail = $ 0
Sell: 2 lb. Ham @ $3.29 lb $ 6.58 3 lb. Turkey @ $4.39 lb. $13.17 5 Deli Sandwiches @ $2.29 $11.45 Total $31.20
a measure of the relative ease with which a permeable medium can transmit a fluid (liquid or gas). Intrinsic permeability is a property only of the medium and is independent of the nature of the fluid.
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Implicit Rate
