User Account

All Pages

What amount of net present income should be reported

Assignment Help Accounting Basics
Reference no: EM133140422

Questions -

Q1. On April 1, 2021, Rim Company leased a new machine to Pacific Company for 10months. The monthly rental is P28,000. Additionally, Pacific Company paid P50,000 to Rim as a lease bonus and P25,000 as a security deposit to be refunded upon expiration of the lease. What amount of rental revenue should be reported by Rim Company for the fiscal year ended June 30 2021?

Q2. At the beginning of current year, Henann Company leased a building to Prime under an operating lease for two years at P141,000 per year, payable the first day of each year. Henann paid P25,000 to a real estate broker as a finder fee. The building is depreciated P20,000 per year. Henann incurred insurance and property tax expense with a total of P9,000 for the year. What amount of net present income should be reported by Henann Company for the current year?

Reference no: EM133140422

Questions Cloud

Calculate ending inventory and cost of goods sold : Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods: LIFO and FIFO
Show how this transaction would appear in the assets section : William Garnett is purchasing the assets of the Delta Company for $310,000. Show how this transaction would appear in the assets section
Design and develop a java application for fedcr : Design and develop a Java application for FedCR employees to manage the car rental system. The application should have an interactive menu, allowing the user
How much is the adjusted liability : Question - On January 1, 2020, Naj Company sold a machinery to Jiba Company for P2,400,000. How much is the adjusted liability
What amount of net present income should be reported : Henann incurred insurance and property tax expense with a total of P9,000 for the year. What amount of net present income should be reported
Prepare appropriate journal entry to record contingency : At the beginning of 2021, the allowance account had a credit balance of $82,000. Prepare the appropriate journal entry to record the contingency
How much interest will have been earned : Claude made quarterly deposits of $1800 at the beginning of every three-month period. How much interest will have been earned
Find the simple rate of return on the new machine : The new machine would cost $300,000 and would have a fifteen-year useful life. Find the simple rate of return on the new machine
Explain why a team would need a team performance plan : Explain why a team would need a team performance plan and Outline two benefits of good group dynamics on a team's performance

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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