User Account

All Pages

What entry should james record as an asset on its books

Assignment Help Accounting Basics
Reference no: EM131913805

Question - On January 1, 2010, James Company leased a machine for 10 years that could have been purchased for $100,000. The lessor used an implicit interest rate of 10 percent in determining the lease payments of $14,795, the first of which was made when the lease was signed. If James is aware of the lessor's implicit interest rate, what entry should James record as an asset on its books on January 1, 2010?

Reference no: EM131913805

Questions Cloud

Describe the music discussed and heard in the ?lm : Which ?lm did you watch? List the title and the director. Describe the music discussed and heard in the ?lm using terms from class.
International financial capital flows : Suppose that the Federal Reserve is worried about inflation. Explain the likely way that the Fed would respond to this concern.
Defined as percentage of firm residual cash flow : The dividend payout ratio is typically defined as the percentage of the firm's residual cash flow that flows to the shareholders in the form of a dividend.
Write a reflection that is about challenge -hindrance stress : Use critical thinking to write a reflection that is about challenge and hindrance stress.
What entry should james record as an asset on its books : If James is aware of the lessor's implicit interest rate, what entry should James record as an asset on its books on January 1, 2010
How much of total amount of proceeds from sale : How much of the total amount of proceeds from the sale will Sam get to keep?
Draw a causal loop diagram of some components : Draw a causal loop diagram of some components of your causal map from Part 1. You will need to consider which components could interact as part of a causal loop
Treasury bond purchased ten years from today : Calculate the expected rate on a 10-year Treasury bond purchased ten years from today, E(10r10).
How are the variables operationally defined : Is the need for the study clearly stated in the introduction? Explain by using information presented in the literature review.

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