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Problem 1: Sunlife Company used leases as a means of marketing products. On January 1, 2019, Sunlife Company leased an equipment to Sundown Company for P500,000 per year for 10 years, payable on December 31 of each year. The cost of the equipment is P2,000,000 and the fair value is P3,072,500 on January 1, 2019 using an implicit rate of 10%. The fair value of the equipment approximates the present value of rentals. At the expiration of the lease, title to the equipment passes to Sundown Company. Sunlife employs the perpetual sysytem. What amount of Unearned interest income is to be recorded on the inception of the lease on January 1, 2019?
If yield to maturity goes down substantially to 6 percent, what will be the new price of the bonds? (Do not round intermediate calculations)
A company is considering the purchase of a new machine for $54,000. Management predicts that the machine can produce sales of $16,600 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhe..
What would be inflation premium on Treasury bond if investors required real rate of interest of 2.5 percent? Estimate nominal interest rate on a Treasury bond
Additional information. Retained Earnings final balance is $5,195. Prepare a Balance Sheet at December 31, 2015
You have a 100000 building that has a useful life of 10 years and a salvage value of 1000 what is the yearly depreciation entry?
What's the correct journal entry for recording the second semiannual payment? (Round interest calculation to the nearest dollar.)
Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. What issues should a manager focus on when ..
Does this mean that the earnings variable is 3.3 times as important in predicting bankruptcy as the asset turnover variable? Explain.
Calculate the following time value of money problems. What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8% per period? What would you pay for a $200,000 face value bond that matures..
All sales are recorded net of the 2% discount offered by the company. (Any discounts not eventually taken by the purchaser are recognized as interest income.
Journalise all the outstanding transactions (matter1) above in the records of Welwitchia Entity for the reporting period ended 31 July 2017.
Make the general journal entry to record the employer's contributions to the employees' superannuation fund at the rate of 12% of gross payroll
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