A finance lease agreement calls for quarterly lease payments of $6,37.pdf

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The document describes a 12-year finance lease agreement with quarterly payments of $6,379 at an annual interest rate of 12%. The present value of the lease is $166,000. It asks to prepare a partial amortization table up to the October 1 payment and calculate the interest expense/revenue for the lessee/lessor from the second quarterly payment on that date.

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A finance lease agreement calls for quarterly lease payments of $6,379 over a 12 -year lease
term, with the first payment on July 1 , the beginning of the lease. The annual interest rate is
12%. Both the present value of the lease payments and the cost of the asset to the lessor are
$166,000. Required: a. Prepare a partial amortization table up to the October 1 payment. b. What
would be the amount of interest expense (revenue) the lessee (lessor) would record in
conjunction with the second quarterly payment on October 1 ? Complete this question by
entering your answers in the tabs below. Prepare a partial amortization table up to the October 1
payment. Note: Enter all amounts as positive values. Round your answers to the nearest whole
dollar.
A finance lease agreement calls for quarterly lease payments of $6,379 over a 12 -year lease
term, with the first payment on July 1 , the beginning of the lease. The annual interest rate is
12%. Both the present value of the lease payments and the cost of the asset to the lessor are
$166,000. Required: a. Prepare a partial amortization table up to the October 1 payment. b. What
would be the amount of interest expense (revenue) the lessee (lessor) would record in
conjunction with the second quarterly payment on October 1 ? Complete this question by
entering your answers in the tabs below. What would be the amount of interest expense
(revenue) the lessee (lessor) would record in conjunction with the second quarterly payment on
October 1 ? Note: Enter all amounts as positive values. Round your answers to the nearest whole
dollar.

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Ähnlich wie A finance lease agreement calls for quarterly lease payments of $6,37.pdf

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Problem Issuance of stock: organization costs. Snowbound Corporation was incorporated in July. The firm's charter authorized the sale of 200,000 shares of $10 par-value common stock. The following transactions occurred during the year: 7/1: Sold 45,000 shares of common stock to investors for $18 per share. Cash was collected and the shares were issued. 7/7: Issued 600 shares to Sharon Dale, attorney-at-law, for services rendered during the corporation's organizational phase. Dale charged $12,600 for her work. 8/11: Sold 20,000 shares to investors for $22 per share. Cash was collected and the shares were issued. 12/14: Issued 30,000 shares to the MJB Company for land valued at $900,000. Instructions Prepare journal entries to record each transaction. Student Guidance ReportAshford University ACC205Guidance ReportWeek FourLISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORTYELLOW INDICATES ACCOUNT AMOUNTS CHANGEDChange Account to:Based Upon Course Start DateAccount to be changedOriginal AmountJan - FebMar-AprMay-JunJul-AugSept-OctNov-DecCh 7 Ex 2Loan$ 225,000$ 250,000$ 260,000$ 270,000$ 280,000$ 290,000$ 450,000QuestionsYOUR ANSWERS BASED UPON COURSE START DATEa. Compute Hall’s accrued interest as of December 31, 20X1.b. Present the appropriate balance sheet disclosure for the accrued interest and the current and long-term portion of the outstanding debt as of December 31, 20X1.c. Repeat parts (a) and (b) using a date of December 31, 20X2, rather than December 31, 20X1. Assume that Hall is in compliance with the terms of the loan agreement.Accrued interest 12/31/X2DisclosureAccount to be changedOriginal AmountJan - FebMar-AprMay-JunJul-AugSept-OctNov-DecCh 7 Ex 4Salary expense5000051,00052,00053,00054,00055,00056,000QuestionsYOUR ANSWERS BASED UPON COURSE START DATESalary expenseSocial Security PayableMedicare PayableFed Taxes PayableState Taxes PayableInsurance PayableCashPayroll Tax ExpenseSocial Security PayableMedicare PayableState unemploymentFed unemploymentAccount to be changedOriginal AmountJan - FebMar-AprMay-JunJul-AugSept-OctNov-DecCh 7 Pb 212/1 Note payable2000025,00026,00028,00030,00031,00033,00012/1 Interest rate015%15%15%15%15%15%Warranty2027202820292030203120322033Purchase on account1600017,00018,00019,00020,00021,00022,000Note payable50006,0007,0008,0009,00010,00011,000Warranty repair162172182192202222232Salary accural14001,5001,6001,7001,8001,9002,000Vacation6%360006%37,0006%38,0006%39,0006%40,0006%41,0006%42,00012/26 interest120$ 120$ 120$ 120$ 120$ 120$ 120a. Prepare journal entries to record the preceding transactions and events.CashNotes PayableWarranty expenseWarranty LiabilityMerchandiseAccounts PayableCashNote PayableWarranty LiabilityCashSalary ExpenseSalary PayablePayroll ExpenseAccrued Vacation Payableb. Determine accrued interest as of December 31, 20XX, and prepare the necessary adjusting entry or entries.12/1 one month accrual12/26 60 day note-accrue 5 daysTotal Interest Acc.

ProblemIssuance of stock organization costs. Snowbound Corporat.docx

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QUESTION `1. [6 + 8 = 1 4 Marks.] a) This is a two period certainty model problem. Assume that William B rown has a sole income from Bob cat Ltd in which he owns 12 % of the ordinary share capital. In its financial year 2016-17 just ended, Bob cat Ltd reported net profits after tax of $6 0 0 ,000, and announced its net profits after tax expectation for the next financial year, 2017-18, to be 25 % higher than this year’s figure . The company operates w ith a dividend payout ratio of 7 0%, which it plans to continue, and will pay the annual dividend for 2016-17 in mid-August, 2017, and the dividend for 2017-18 in mid-August , 2018. In mid-August, 2018 , Jack wishes to spend $10 0 ,000 , which will include the cost of a new car. . How much c an he consume in mid-August, 2017 if the capital mar ket offers an interest rate of 9 % per year? QUESTION 1 continued. b) This qu estion relates to the valuation of shares. Big Ideas Ltd has just paid a dividend of $1.20 a share. Investors require a 12% per annum return on investments such as Big Ideas. What would a share in Big Ideas Ltd be expected to sell for today (August, 2017) if the dividend is expected to increase by 20% in August, 2018, 15% in August, 2019, 10% in August, 2020 and thereafter by 5 per cent a year for ever, from August, 2021 onwards? QUESTION 2. [(4 + 6) + (4 + 4 + 4 + 4 + 4) = 3 0 Marks] a) This question relates to the time value of money and deferred perpetuities. Colin Greenway attended Bunyip High School in the 1970s. After leaving school, Colin became a successful entrepreneur and is now very wealthy. He wishes to establish a perpetual scholarship fund which will provide $10,000 a year, payable to five high performing students at Bunyip High School each year in Year 12, that is, $50,000 a yea r, starting in early 2020 . It is now early 2017. The High School Principal believes that the required fun ds can be invested at 5 per cent a year in perpetuity. i) What is the present value in early 2017 of the whole income stream , and th us the amount which Colin must contribute to establish the fund ? ii) The High School Principal, while most appreciative of C olin’s great ge nerosity, mentio ns that fees at Bunyip High are rising on average by 3 per cent every year because o f inflation, and that in several year s , $10,000 will not be enough to keep a student in year 12 for a whole year. Colin decides that he will increase the amount to establish the fund so as to provide for increases in the scholarship amount by 3 per cent a year in perpetuity , the first increase occurring in early 2021. How mu ch extra (above the amount calculated in i) above, will Colin need to contribute in early 2017 so as to provide for th ese inflation increases forever? [ HINT: Consider a formula similar to the dividend growth model.] ...

QUESTION `1. [6 + 8 = 14 Marks.]a) This is a two pe.docx

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Question 1. You can earn $40 in interest on a $1,000 deposit for 8 months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a $1,000 deposit for: a. 2 months. b. 1 year. c. 1.5 years. a. 2-months. For a 2-month, $1,000 deposit you will earn $. (Round to the nearest cent). b. 1-year. For a 1-year, $1,000 deposit you will earn $. (Round to the nearest cent). c. 1.5-years. For a 1.5-year, $1,000 deposit you will earn $. (Round to the nearest cent). Question 2. You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $3,053 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 5.798% (APR). How much do you owe on the mortgage today? The amount you owe today is $. (Round to the nearest dollar.) Question 3. Consider a project that requires an initial investment of $100,000 and will produce a single cash flow of $150,000 in 5 years. a. What is the NPV of this project if the 5-year interest rate is 5.0% (EAR)? b. What is the NPV of this project if the 5-year interest rate is 10.0% (EAR)? c. What is the highest 5-year interest rate such that this project is still profitable? a. What is the NPV of this project if the 5-year interest rate is 5.0% (EAR)? The NPV in this case (EAR equals 5.0 %) is $. (Round to the nearest dollar.) b. What is the NPV of this project if the 5-year interest rate is 10.0% (EAR)? The NPV in this case (EAR equals 10.0 %) is $. (Round to the nearest dollar.) c. What is the highest 5-year interest rate such that this project is still profitable? The highest EAR such that this project is still profitable is % (Round to two decimal places.) Question 4. In the summer of 2008, at Heathrow airport in London, Bestofthebest (BB), a private company, offered a lottery to win a Ferrari or 87,000 British pounds, equivalent at the time to about $174,000. Both the Ferrari and themoney, in 100 pound notes, were on display. If the U.K. interest rate was 4% per year, and the dollar interest rate was 2% per year (EARs), how much did it cost the company in dollars each month to keep the cash on display? That is, what was the opportunity cost of keeping it on display rather than in a bank account? (Ignore taxes.)Hint: Make sure to round all intermediate calculations to at least five decimal places. The opportunity cost of keeping it on display rather than in a bank account is £ per month. (Round to two decimal places). Question 5. A 30-year bond with a face value of $1,000 has a coupon rate of 5.50%, with semiannual payments. a. What is the coupon payment for this bond? b. Enter the cash flows for the bond on a timeline a. What is the coupon payment for this bond? The coupon pay ...

Question 1. You can earn $40 in interest on a $1,000 deposit for.docx

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ProblemIssuance of stock organization costs. Snowbound Corporat.docx

QUESTION `1. [6 + 8 = 14 Marks.]a) This is a two pe.docx

Question 1. You can earn $40 in interest on a $1,000 deposit for.docx

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