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At January 1, 2016, Café Med leased restaurant equipment from Crescent Corporation under a(n) nine-year lease agreement. The lease agreement specifies annual payments of $33,000 beginning January 1, 2016, the beginning of the lease, and at each December 31 thereafter through 2023. The equipment was acquired recently by Crescent at a cost of $183,000 (its fair value) and was expected to have a useful life of 12 years with no residual value. The company seeks a 11% return on its lease investments. By this arrangement, the risks and rewards of ownership are deemed to have been transferred to the lessee. (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.) Respond to the question with the presumption that the guidance provided by the proposed Accounting Standards Update is being applied. What will be the effect of the lease on Café Med’s earnings for the first year (ignore taxes)?
Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is
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Sales are 80% credit, of which 40% is collected in the month of sale and 60% is collected in the following month. What is the accounts receivable balance on July 31?
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The decline in value of a personal car Giving your children $50,000,000 A Hurricane destroying your personal home
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In an Excel file evaluate whether your chosen company should invest in a hybrid car or its gasoline-engine counterpart. Select two car models that are similar, with one being a hybrid model and one being the non-hybrid model (for example the Honda Ci..
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