Reference no: EM132534157
Question - Pau Company leased a machine on January 1, 2019 with the following information provisions:
Annual lease payment in advance at the beginning of each year, starting January, 2019 P 2,000,000
Lease term 10 years
Useful life of machine 15 years
Implicit interest rate in the lease 12%
PV of an ordinary annuity of 1 at 12% for 10 periods 5.650
PV of an annuity of 1 in advance at 12% for 10 periods 6.328
PV of 1 at 12% for 10 periods 0.322
The entity has an option to purchase the machine on January 1, 2029 by paying P400,000.
At the commencement date , it is reasonably certain that the purchase option will be exercised.
Required - Prepare journal entries on the books of Pau Company for 2019 to 2021.
|
Chef perlee
: New York City hotel, Hotel Lux, is noted for its food as well as its luxury accommodations. Hotel Lux contracts with a famous chef, Chef Perlee,
|
|
Find what is the conversion cost
: Cash as they occur, and the balance will be paid in the following quarter. Compute the budgeted cash payment for purchases in the second quarter.
|
|
How about basic corrective action
: How might immediate corrective action have been used in this situation how about basic corrective action
|
|
What are the components of competitive strategy
: What are the components of competitive strategy? Within competitive strategy what is the relevance of a value change framework? What are the implications
|
|
Prepare journal entries on the books of Pau Company
: The entity has an option to purchase the machine on January 1, 2029 by paying P400,000. Prepare journal entries on the books of Pau Company
|
|
Demonstrate how to prepare a statement of cost of goods
: Demonstrate how to prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead
|
|
Basis for strategic management
: "The basis for Strategic Management is to understand how the world is changing, as well as how those changes might affect the organization".
|
|
What is the budgeted cash balance on december
: What is the budgeted cash balance on December 31, 2019? What is the expected balance of accounts receivable as of December 31, 2019?
|
|
Describe the findings of project oxygen
: Describe the findings of Project Oxygen using the functions approach, Mintzberg's roles approach, and the skills approach.
|