Business

Business, 03.08.2019 03:10, gymnastjazzyjov0euc

On january 1, year 1, savor corporation leased equipment to spree company. the lease term is 9 years. the first payment of $698,000 was made on january 1, 2018. the present value of the lease payments is $4,561,300. the lease is appropriately classified as an operating lease. assuming the interest rate for this lease is 9%, how much interest revenue will savor record in year 1 on this lease?

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Business, 10.09.2019 19:30, jfoster70

At january i. 2018. cafe med leased restaurant equipment from crescent corporation under a nine-year lease agreement. the lease agreement specifies annual payments of $25,000 beginning january 1. 2018, the beginning of the lease, and at each december 31 thereafter through 2025. the equipment was acquired recently by crescent at a cost of $ 180.000 (its fair value) and was expected to have a useful life of 13 years with no salvage value at the end of its life. (because the lease term is only nine years, the asset does have an expected residual value al the end of the lease term of $90,995.) crescent seeks a 10% return on its lease investments. by this arrangement, the lease is deemed to be an operating lease. required: 1. what will be the effect of the lease on cafe med's earnings for the first year (ignore taxes)? 2. what will be the balances in the balance sheet accounts related to the lease al the end of the first year for cafe med (ignore taxes)?

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Business, 06.10.2019 04:01, orlando19882000

At january 1, 2018, café med leased restaurant equipment from crescent corporation under a nine-year lease agreement. the lease agreement specifies annual payments of $25,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2025. the equipment was acquired recently by crescent at a cost of $180,000 (its fair value) and was expected to have a useful life of 13 years with no salvage value at the end of its life. (because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $90,995.) crescent seeks a 10% return on its lease investments. by this arrangement, the lease is deemed to be an operating lease. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. what will be the effect of the lease on crescent’s (lessor’s) earnings for the first year? (enter decreases with negative numbers.)2. what will be the balances in the balance sheet accounts related to the lease at the end of the first year for crescent? (for all requirements, round your intermediate calculations to the nearest whole dollar amount.)1 effect on earnings 2 equipment balance (net, end of year)

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Business, 30.10.2019 05:31, jasaide15

At january 1, 2018, café med leased restaurant equipment from crescent corporation under a nine-year lease agreement. the lease agreement specifies annual payments of $28,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2025. the equipment was acquired recently by crescent at a cost of $198,000 (its fair value) and was expected to have a useful life of 13 years with no salvage value at the end of its life. (because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $66,277.) crescent seeks a 11% return on its lease investments. by this arrangement, the lease is deemed to be an operating lease. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. what will be the effect of the lease on crescent’s (lessor’s) earnings for the first year? (enter decreases with negative numbers.) 2. what will be the balances in the balance sheet accounts related to the lease at the end of the first year for crescent?

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