User Account

All Pages

How does uals use of leases compare with southwests

Assignment Help Accounting Basics
Reference no: EM131110248

Go to the book's companion website or the company websites and use information found there to answer the following questions related to UAL, Inc. and Southwest Airlines.

(a) What types of leases are used by Southwest and on what assets are these leases primarily used?

(b) How long-term are some of Southwest's leases? What are some of the characteristics or provisions of Southwest's (as lessee) leases?

(c) What did Southwest report in 2007 as its future minimum annual rental commitments under non-cancelable leases?

(d) At year-end 2007, what was the present value of the minimum rental payments under Southwest's capital leases? How much imputed interest was deducted from the future minimum annual rental commitments to arrive at the present value?

(e) What were the amounts and details reported by Southwest for rental expense in 2007, 2006, and 2005?

(f) How does UAL's use of leases compare with Southwest's? 

Reference no: EM131110248

Questions Cloud

Certain amount of work free as a public service : Traditionally, lawyers are expected to offer a certain amount of work free as a public service, such work being described as pro bono publico (Latin: "for the public good"). Should the programming profession have a similar expectation of its member..
What is the total obligation under capital leases : What is the total rental expense reported for leasing activity for the year ended December 29, 2007, for Tasty Baking Company?
Define and differentiate among the members : Define and differentiate among the members of each of the following sets of terms: (a) Mergers, consolidations, and holding companies (b) Acquiring company and target company (c) Friendly merger and hostile merger; and (d) Strategic merger and financ..
Stallman founded the free software foundation : When Richard Stallman founded the Free Software Foundation in 1985, he was able to tap into the energy of many programmers around the world who wanted to work on a free operating system.
How does uals use of leases compare with southwests : What were the amounts and details reported by Southwest for rental expense in 2007, 2006, and 2005?
Rank the projects based on each of the given metrics : Rank the projects based on each of the following metrics: Payback period, Discounted payback period, NPV, IRR, Profitability Index, and MIRR.
Sophisticated tools and internet access : In the 1970s, computers (even minicomputers) were very expensive. Since no one had their own computer, people had to share. Compared to today, computers in the 1970s were slow, with limited memory and storage facilities.
Role of the entreprenuer in alleviating unemployment : Role of the Entreprenuer in alleviating Unemployment And poverty in sub saharan africa
An unused pdp-7 minicomputer : In 1969, Ken Thompson of AT&T Bell Labs was looking for a computer to create what, eventually, became the fi rst Unix system. He found an unused PDP-7 minicomputer, which he was able to use. Suppose Thompson had not found the PDP-7. Would we have ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the ending inventory and cost of goods sold

Compute the ending inventory and cost of goods sold

  Prepare the compay trail balance of june 302012 listing

below are the accounts of super pool service inc.nbspnbspthe accounts have normal balances on june 302012.nbspnbspthe

  Vickers company reports taxable income of 4500 for 2010 the

vickers company reports taxable income of 4500 for 2010. the company has two temporary differences between pretax

  About the Partnership interests

Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a fair market value of $90,000 and an adjusted basis of $75,000. John contributed equipment with a fair market value of $170,..

  Prepare an income statement for february

Prepare an income statement for February with a supporting cost of goods sold statement - Prepare Statements for a Merchandising Company

  What is meant by the term hedging?

What is meant by the term hedging?

  Discuss the proper accounting treatment

Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.

  Initial cash flow for expansion project

The company currently owns some unused equipment valued at $60,000. This equipment could be used for producing awnings if $5,000 is spent for equipment modifications. Other equipment costing $780,000 will also be required. What is the amount of th..

  Last year the house of orange had sales of 826650 net

last year the house of orange had sales of 826650 net operating income of 81000 and operating assets of 84000 at the

  Comparing and contrasting current and noncurrent assets

Prepare a 700- to 1,050-word paper comparing and contrasting current and noncurrent assets. In your paper be sure that you address the following:

  Which of the five differences described are temporary

Which of the five differences described are temporary and which are permanent differences? Why?

  Calculate the average check per meal period

The restaurant has 60 seats and is open 5 days a week for lunch and dinner only. Lunch revenue is expected to be 40 percent of total volume with 2 seat turnovers. Dinner revenue will be 60 percent of total volume, with 1.25 turnovers. Calculate th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd