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Problem 1: Alcatel Company leased an asset to another company. The cost of the asset was P7,994,000. Terms of the lease specify 4 year life for the lease, an annual interest rate of 15%, and 4-year-end rental payments. The lease qualified as a direct financing lease. The lease provided for a transfer of title to the lessee at the end of the lease term. After the 4th year, the residual value was estimated at P1,000,000. The PV of 1 at 15% for 4 periods is 0.572, and the PV of an ordinary annuity of 1 at 15% for 4 periods is 2.855. How much is the annual rental?
Jeremiah paid the $2.5 million to acquire the raw materials when the raw materials were only worth $2.2 million. Assume that the purchase commitment was properly recorded. What is the journal entry to record the purchase?
The Casey Company produces two joint products. At the split-off point, product A has a sales value of $8 per unit, while product B can be sold for $10 per unit. After further processing, which costs $5 and $9, respectively, product A can be sold for ..
How many required units would make X Company indifferent between adopting the new process and not adopting it?
If the yield changes by 100 basis points, from 8% to 7%, by how much would you approximate the percentage price change to be using your estimate of duration
Should MF obtain funds to cover payments for supplies by selling its holdings of Treasury securities or by using its credit line? Which alternative has a lower
The present value of this restoration cost using the credit-adjusted risk free interest rate is $2,381,490. What is the total capitalized cost of the mine?
Asset cost allocation - Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2013 and use straight line method, prepare the December 31 adjusting entries to record depreciation for the 12 month..
The $12 in Fixed costs for Bampton include $4 in corporate costs. Compute net income if Eastern Stores closes the Bampton location.
Rather than doing a full cost estimate, make a table showing the major fixed, variable, and step costs and estimate their totals for the project or program
define the receiables and what is the net income. is there a way to get a reference to go by to know how to answer the
Make contribution income statement, COGS and rent are variable costs. Registration cost and wages are fixed. After, it is expected for sales
Jordan Corporation issued 100, 5-year, 8%, $2,000 bonds dated January 1, 2017, at 96. The journal entry to record the issuance will show a
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