Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Point 1: A lease was signed on April 2010 for five years. Annual rentals payable at beginning of year were agreed at Rs.8247.42. Useful life of equipment was 8 years and interest rate implicit in the lease was 12%. Fair value of equipment was Rs.35,000. The lease contains a bargain purchase option of Rs.3,000.
Year-end of lessee is December 31.
Required:
Question 1: In the books of lessee, Prepare
(i) Lease amortization schedule
(ii) Journal entries in the books of lessee for first two years.
(iii) Interest expenses to be reported in profit and loss accounts for years ended December 31, 2010 through 2015.
(iv) Extracts from Lessee
Identify which one is an added specific goal of human resource management
Sally's Hair Supply Income Statement For the Year Ended December 31, 2015 ($ in thousands) Sales revenue $ 15,000 Operating expenses: Cost of goods sold $ 5,000 Depreciation 400 Insurance 900 Administrative. Prepare Sally's Hair Supply's statement of..
Rick Rocker, a citizen and resident of country F, decides to perform a concert in Los Angeles. The U.S. promoter has agreed to pay Rocker $1 million. Rocker himself incurs $200,000 of expenses in connection with the concert. When the promoter pays Ro..
Merchandising: Preparation of purchases budgets (for three periods) Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 30,000 units. Company policy is to end each month with merchandise inventory equ..
Show in good form the income statement of ABC Corporation for 2011 starting with "income from continuing operations." Suppose that ABC's tax rate is 40 percent and 100,000 shares of common stock were outstanding during the year.
Calculate General Motors' ratio of cash flow to net income for all three comparative years. Round to two decimal places. Interpret the magnitude and year-to-year changes in the ratio.
Increase the mortgage amount to include the $18,000, bringing the total amount financed to $187,100. Calculate the total interest paid over the life of the loan for each of these options.
Last year, Flynn Company reported a profit of $65,000 when sales totaled $515,000 and the contribution margin ratio was 41%. If fixed expenses increase by $9,500 next year, what amount of sales will be necessary in order for the company to earn a pro..
A company has net sales of $829,000 and cost of goods sold of $549,500. Its net income is $99,000. The company's gross margin and operating expenses, respectively, are:
question1.hadicke company purchased a delivery truck for 44000 on 1st january 2012. the truck was assigned an evaluated
If you require a 10% annual rate of return on this investment, what is the present value of these cash flows at a 10% annual rate of return?
You decided that the best way of learning how your bank's mortgage department works is to experience the mortgage application process first.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd