Week 2 Discussion post

Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned article is attached, please also use at least one other academic resource. Must include in-text citations.

Supporting material: Attached

Question: To prepare for this discussion, please go the case that you read for this week, “Leasing Decision at Magnet Beauty Products, Inc.,” and calculate the impact of the two lease options on Magnet’s income statement, balance sheet, and cash flow. (Attached)

Which lease option should Janette Clark choose? Why?

Do you agree with the proposed new lease accounting rules? Why/why not?

PLEASE SEE GRADING RUBRIC BELOW. THIS ASSIGNMENT SHOULD BE AT LEAST 5-6 PARAGRAPHS LONG AND VERY THOROUGH. MAKE SURE YOU INTEGRATE REAL-LIFE APPLICATIONS TO SUPPORT KEY POINTS.
Case Discussion Rubric (2016)

Case Discussion Rubric (2016)

Criteria

Ratings

This criterion is linked to a Learning Outcome Quality of Initial Posting

Initial response displays an excellent understanding of the assigned case, the course readings, and the underlying concepts and includes the correct use of relevant terminology. Initial response additionally integrates specific real-life application (current events, work or personal experience, prior coursework, etc.) and/or other peer-reviewed research to support key points. Initial response is clear, concise, and compelling.

This criterion is linked to a Learning Outcome Mechanics

Entirely free of mechanical errors. These include: grammar, punctuation, spelling, and formatting (font style and size).

20180521030948leasing_decision_article

Solution Preview

Leasing

A lease is a contract or an agreement between two parties which are the lessor, who is the owner of a property, and the lessee, who is the tenant or the person being given the item to utilize (Christensen, Raynor & McDonald 2016). A lease is usually governed by several rules which make sure that, the contract is not terminated without the consent of one party.

(382 words)