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Assume that IBM leased equipment that was carried at a cost of $150,000 to Sharon Swander Company. The term of the lease is 6 years beginning January 1, 2011, with equal rental payments of $30,044 at the beginning of each year. All executory costs are paid by Swander directly to third parties. The fair value of the equipment at the inception of the lease is $150,000. The equipment has a useful life of 6 years with no salvage value. The lease has an implicit interest rate of 8%, no bargain purchase option, and no transfer of title. Collectibility is reasonably assured with no additional cost to be incurred by IBM. Prepare IBM's January 1, 2011, journal entries at the inception of the lease.
a company had a 56000 unfavorable direct material quantity variance during a time period when the standard price per
Compute the break-even point in units using (a) the mathematical equation and (b) contribution margin per unit.
If investor company owns 20% of the stock of investee company and investee company reports profits of $100000, then Investor company reports equity income of ?
Determine the EOQ before and after the change in the cash discount policy. Translate this into average inventory (in units and dollars) before and after the change in the cash discount policy.
Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return. Your client has told you that he only cares about cash flow. As long as he can pay his bills and take out some capital form the business, he do..
What yield to maturity is the bond offering
Alamo completed the followingtransactions in January, 2010. Prepare journal entries in good form for these transactions.
the law firm of clark and lankau accumulates costs associated with individual cases using a job order cost system. the
the donut shoppe is considering buying a new donut machine for a total of 110110. the donut shoppe estimates that this
What are the sales, variable costs, contribution margian, fixed costs, and the new income
What is the future value of $9,000 at the end of 5 periods at 8% compounded interest?
Toth chose to upgrade to a premium model in January 2007 and sold the old plotter to dunn drafting for $2,500. Prepare the journal entry recording for this sale of old plotter.
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