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David Tennant Industries Inc leases TARDIS equipment from Matt Smith Equipment Corp for five years on 1/1/18 at $25,000 per year. The equipment has a five year economic life. Lease payments are due on 12/31 of each year (not on 1/1 of each year). David Tennant Industries does not know Matt’s Smith’s implicit interest rate but their incremental borrowing rate is 5%. The lease conveys no transfer of ownership at the end of the term. There is no purchase option and no guarantee of residual value. Similar assets are depreciated on a straight line basis. David Tennant Industries also leases a sonic screwdriver from Song Industrial for three years starting 1/1/18. The machine has a fair value of $75,000, a 100 year economic life, and Song Industrial has other uses for it after the lease term. The lease calls for payment of $10,000 a year due on 12/31 of each year. The implicit rate is known and is 5%. The lease conveys no transfer of ownership at the end of the term. There is no purchase option and no guarantee of residual value. ? Prepare a schedule of items and their values which will appear on the income statement for the year ended 12/31/19 ? Prepare a schedule of items and their values which will appear on the statement of cash flows for the year ended 12/31/19 (assuming the indirect method)
Do the differing probabilities assigned by these investors affect the price of the call option?
Compute the future value of a $240,000 home purchased today which increases in value by 3.5% annually for 10 years. Compute the monthly mortgage payment for a $200,000 mortgage loan for 30 years with a contract rate of 3.75%.
Discuss zero-base budgeting and how it is used by an organization. How could this method be beneficial in budgeting for a new business start-up?
What was the amount of retained earnings at the end of the year? What was the comapny's net income for the year?
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% for the next 4 years, after which competition will probably reduce the g..
Assume a normal distribution with an average return of 7% and a standard deviation of 3%. Which probability would be correct
ABC, Inc., is considering purchase of a new equipment. If the tax rate is 38%, what is the operating cash flow?
A company has issues one- and two- year bonds providing 8% coupons, payable annually. The yields on the bonds (expressed with continuous compounding) are 6% and 6.6%, respectively. Risk-free rats are 4.5% for all maturities. The recovery rate is 35%...
Draw a network diagram using the AOA approach and identify all paths of the project. Determine the probability that the project is completed within 48 weeks, assuming that the path identified in (b) is critical.
If the market rate of interest were to be 3.6%, what would the value of the bond be?
Why do the soft technologies open more opportunities for women? To what extent have these technologies impacted the perceptions of men’s and women’s roles in the economy, within marriage, and in society as a whole?
There is a stock, which will not pay dividends for 5 years. In year 6 it starts paying $2 annually for 4 years. After that time, it will increase its dividend by 3% yearly, and it expects to do that for 200 years. If you know, the risk premium is 7%,..
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