Business, 13.05.2021 23:30, ejhoff4347
Marigold Company, a risky start-up, is evaluating a lease arrangement being offered by TSP Company for use of a standard computer system. The lease is non-cancelable, and in no case does Marigold receive title to the computers during or at the end of the lease term. The lease starts on January 1, 2020, with the first rental payment due on January 1, 2020. Additional information related to the lease and the underlying leased asset is as follows.
Yearly rental $3,057.25
Lease term 3 years
Estimated economic life 5 years
Purchase option $3,000 at end of 3 years, which approximates fair value
Renewal option 1 year at $1,500; no penalty for nonrenewal; standard renewal clause
Fair value at commencement $10,000
Cost of asset to lessor $8,000
Residual value:
Guaranteed –0–
Unguaranteed $3,000
Lessor's implicit rate (known by the lessee) 12%
Estimated fair value at end of lease $3,000
Required:
a. Analyze the lease classification tests for this lease for Salaur. Prepare the journal entries for Salaur for 2020.
b. Repeat the requirements in part a, assuming Salaur has the option to purchase the system at the end of the lease for $100.
Answers: 1
Business, 22.06.2019 12:20, KindaSmartPersonn
Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?
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Business, 22.06.2019 13:50, xcoder1732
Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.
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Marigold Company, a risky start-up, is evaluating a lease arrangement being offered by TSP Company f...
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