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Problem 1: On January 1, 2021, Oriole Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease called for Oriole to make annual payments of $235000 at the end of each year for 10 years with the title passing to Oriole at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Oriole uses the straight-line method of depreciation for all of its fixed assets. Oriole accordingly accounted for this lease transaction as a financial lease. The lease payments were determined to have a present value of $1650542 at an effective interest rate of 7%. With respect to this lease, Oriole should record for 2021
Option 1: interest expense of $101538 and amortization expense of $165054.Option 2: interest expense of $115538 and amortization expense of $110036.Option 3: lease expense of $115538.Option 4: interest expense of $110036 and amortization expense of $96703.
The matures in 5 years and pays the coupon twice per year. Dan's "MARR" is 10%, compounded semi-annually. What should Dan be willing to pay for the bond?
Chowan Corporation issued $260,000 of 10% bonds dated January 1, 2013, for $251,765.10 on Janauary 1, 2013. The bonds are due December 31, 2016, were issued to yield 11%, and pay interest semiannually on June 30 and December 31. If an amount box does..
on 2nd january 2011 grant corporation leases an asset to pippin corporation under the subsequent conditions1. annual
Records show that $3,600 of cash receipts originally recorded as unearned studio Revenue had been earned as of December 31.
The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production costs.
Compute the company's CM ratio and its break-even point in both units and dollars. Compute the new CM ratio and the new break-even point in both units and dollars.
Determine overall cost of capital for Jasmine Enterprise. The firm raise debt by selling RM1,000-par value, 8% coupon interest rate per annum of 20-year bonds
An increase in accounts receivable of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared
A building with a book value of $35,258 is sold for $54,609 cash Using the indirect method, choose how this transaction should be shown on the statement of cash flows.
Prepare amortization tables for issuance of the bonds sold at 104 for the first three interest payments. - Prepare amortization tables for issuance of the bonds sold at 98 for the first three interest payments.
What is meant by "analysts' independence"? When and how might analysts' independence be compromised? What pressures do analysts face that might reduce
Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2012. On that date, Paar’s equipment (10-year life) has a book value of $440,000 but a fair value of $566,000. Kimmel has equipment (10-year life) with a book value of $261,000 but a ..
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