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Metro Industries manufacture s equipment for sale or lease. Federated Corp (lessee) leased a tooling machine from Metro Industries (lessor) on 12/31/2010, for a three-year period ending December 31, 2013. On 12/31/2013, the equipment will revert back to the lessor. The equipment has a fair value or "selling price" of $128,872 and it costs the lessor $90,000. The lease agreement specified annual payments (note: you need to figure out the annual payment with the given info) to be paid with the first payment at the inception of the lease, and each December 31 through 2012. The machine's useful life is four years. The residual value at the end of 12/31/2013 is expected to be $35,000. The lessee does guarantee the residual value. The lessee has incremental borrowing rate of 14% and is aware of the lessor's implicit rate of return of 12%. Assume the fair value of the equipment at the end of lease term (12/31/2013) will be $10,000. Do the followings:
1) Show how the lessor determines the lease payment;
2) Prepare the appropriate entries for both the lessee and the lessor from the inception of the lease through the return of the equipment back to the lessor.
Project briefing for the Bishop Company - Extend your existing spreadsheet by preparing an income statement, break even and operating leverage calculations for the new January 2011 data.
The company's minimum desired rate of return for net present value analysis is 15%. The present value of $1 at compound interest of 15% for 1, 2, 3, and 4 years is .870, .756, .658, and .572, respectively.
Provide the revised figures in the Payoff Table below complete the evaluation for the five EMV's. Show your logic and calculations and evaluate the BatesManor dollar sales at retail prices in their average store. Describe your reasoning and state a..
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investment strategy is to purchase the stock of the company that has a low price/earnings ratio but appears to be in good shape financially. Assume that you analyzed all other factors and your decision depends in the results of the ratio analysis ..
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