Business, 24.08.2021 17:00, mathman783
The Harris Company is the lessee on a four-year lease with the following payments at the end of each year:
Year 1: $ 12,000
Year 2: $ 17,000
Year 3: $ 22,000
Year 4: $ 27,000
An appropriate discount rate is 7 percentage, yielding a present value of $64,620.
a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset?
Initial value of the right-of-use asset?
a-2. If the lease is an operating lease, what will be the initial value of the lease liability?
Initial value of the lease liability?
a-3. If the lease is an operating lease, what will be the lease expense shown on the income statement at the end of year 1?
Lease expense?
a-4. If the lease is an operating lease, what will be the interest expense shown on the income statement at the end of year 1? (Leave no cells blank โ be certain to enter "0" wherever required.)
Interest expense
a-5. If the lease is an operating lease, what will be the amortization expense shown on the income statement at the end of year 1? (Leave no cells blank โ be certain to enter "0" wherever required.)
Amortization expense?
b-1. If the lease is a finance lease, what will be the initial value of the right-of-use asset?
initial value of the right-of-use asset?
b-2. If the lease is a finance lease, what will be the initial value of the lease liability?
Initial value of the lease liability?
b-3. If the lease is a finance lease, what will be the lease expense shown on the income statement at the end of year 1? (Leave no cells blank โ be certain to enter "0" wherever required.)
Lease expense?
b-4. If the lease is a finance lease, what will be the interest expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.)
Interest expense?
b-5. If the lease is a finance lease, what will be the amortization expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.)
Amortization expense?
Answers: 1
Business, 21.06.2019 23:30, reddmeans6
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
Business, 22.06.2019 01:10, isaiahmichel93081
Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?
Answers: 2
Business, 22.06.2019 03:20, limelight11
Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yaelโs costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.
Answers: 3
Business, 22.06.2019 05:30, junior2461
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
The Harris Company is the lessee on a four-year lease with the following payments at the end of each...
Arts, 10.11.2020 20:10
Mathematics, 10.11.2020 20:10
Mathematics, 10.11.2020 20:10
Social Studies, 10.11.2020 20:10