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Problem 1: On December 31, 20X4, Red co. leased a machine from Green co. for a seven-year period. Equal annual payments under the lease are $112,500, including $7,500 annual executory costs, and are due on December 31 of each year. The first payment was made on December 31, 20X4, and the second payment was made on December 31, 20X5. The seven lease payments are discounted at 9% over the lease term. The present value of lease payments at the inception of the lease and before the first annual payment was $576,500. The lease is appropriately accounted for as a finance lease by Red Co. In its December 31, 20X5 balance sheet, Red Co. should report a lease liability of:
A. $408,935 B. $576,500 C. $405,325 D. $525,000
Calculate the spending variance for ?xed set-up overhead costs. OzPIastic Co. produces a special line of plastic toy racing cars. OzPIastic produces the cars
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provide the appropriate journal entries: (a) to record the overhead variances for the period (thereby closing out the balance in the Factory Overhead account), and (b) to close the variance accounts to CGS at the end of the period.
Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. I just need to know where to DR or CR the Interest expense and how much a..
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The risk-free rate is 3.4 percent and the market risk premium is 5 percent. What is the required return on this portfolio
The following details are provided by a manufacturing? company: Product line Investment ?$1,100,000 Useful life 12 years Estimated annual net cash inflows for first year ?$400,000 Estimated annual net cash inflows for second year ?$390,000 Estimated ..
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How much should you deposit today in order to received P55.16 at the end of 35 years that pays 5% interest, compounded annualy?
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