Leasing and hire-purchase

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Which of the following clearly define the Leasing services?

One party agrees to rent property owned by another party.

It guarantees the lessee, also known as the tenant, use of an asset.

It guarantees the lessor, regular payments from the lessee .

All of the Above

The type of lease that includes a third party, a lender, is called as which of the following?

Sale and leaseback

Leveraged lease

Direct leasing arrangement

Operating lease.

What are the benefits of leasing to other companies?

Interest Revenue

High Residual Values

Tax Incentives

All of the Above

Which of the following clearly defines Price Checking?

A prospect calls on the phone and ask for your rental rates.

A supervisor checks your knowledge of rental rates.

Both a and b

None of the Above

What is the full form of FASB?

Financial Accounting Standards Board

Finance Accounting Safety Board

Finance and Accounts Standards Board

Financial Accounting Safety Bureau

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