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On January 1, 2012, Palmer Company leased equipment to Woods Corporation. The following information pertains to this lease. 1. The term of the noncancelable lease is 6 years, with no renewal option. The equipment reverts to the lessor at the termination of the lease. 2. Equal rental payments are due on January 1 of each year, beginning in 2012. 3. The fair value of the equipment on January 1, 2012, is $197,800, and its cost is $154,284. 4. The equipment has an economic life of 8 years, with an unguaranteed residual value of $11,960. Woods depreciates all of its equipment on a straight-line basis. 5. Palmer sets the annual rental to ensure an 9% rate of return. Woods's incremental borrowing rate is 10%, and the implicit rate of the lessor is unknown. 6. Collectibility of lease payments is reasonably predictable, and no important uncertainties surround the amount of costs yet to be incurred by the lessor. (Both the lessor and the lessee's accounting period ends on December 31.) (b) Calculate the amount of the annual rental payment. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) The amount of the annual rental payment $
madura inc. wants to increase its free cash flow by 180 million during the coming year which should result in a higher
Determination of Beneficiary's Income. A trust is authorized to make discretionary distributions of income and principal to its two beneficiaries, Roy and Sandy. Separate shares are not required.
Assume you are reviewing a company's annual report. In addition to actual revenues reported in the income statement, what other information disclosed would give you help in estimating this company's future revenues?
In making inventory decisions
this year company li built a light rail facility in county g. the assesed property tax value of the facility is 20
ash budget lo8-8 garden depot is a retailer that is preparing its budget for the upcoming fiscal year. management has
Identify three major disadvantages of test marketing and propose how each one can be avoided. Describe three products whose adoption rates have been affected by complexity, compatibility, relative advantage, observability, and/or trialability.
dennis is currently considering investing in municpal bonds that earn 8.80 percent interest or in a taxable bonds
consider the following table of revenue and costs at the end of the
A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?
on january 1 chevon corporation had 98000 sharesnbspnbspof no-par common stock issued and outstanding. the stock has a
abc co. has the following information relating to some errors that were discovered regarding their income statement in
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