Solution-Wilson foods corporation leased a commercial food

Wilson foods corporation leased a commercial food processor

Assignment Help Managerial Accounting

Reference no: EM131008142

Wilson Foods Corporation leased a commercial food processor on September 30, 2011. The five-year lease agreement calls for Wilson to make quarterly lease payments of $195,774, payable each September 30, December 31, March 31, June 30, with the first payment at September 30, 2011. Wilson's incremental borrowing rate is 12%. Wilson records depreciation on a straight-line basis at the end of each fiscal year. Wilson recorded the lease as follows:

588_254-B-M-A-S-C-F (1901).png

Required:

What would be the pretax amounts related to the lease that Wilson would report in its statement of cash flows for the year ended December 31,2011?

Reference no: EM131008142

Questions Cloud

Examples of either adverse selection or moral hazard : Can you come up with any examples of either adverse selection or moral hazard affecting you or someone you know in their family life, love life, or job? (Here’s one to get started on: Is an obnoxious guy or an interesting guy more likely to start a c..

Consider the method of calculating the present value : Consider the method of calculating the present value of a college education, shown in the spreadsheet in the spreadsheet linked to in the Course Content slides. How would you change the calculation to make it more realistic, or more applicable to you..

Calculate the rate at which the water level change : This surface area is A = πr √(h2 + r2) and the volume is v = 1/3 πr2h. Calculate the rate dh/dt at which the water level change at h = 0.18 m, assuming that k = 0.25 m.

Concerts are measured on the horizontal axis : Patrick consumes only two goods: Celtic Music concerts and Celtic Springs Water. Patrick earns $100 per month at his part-time job in the library. The price of Celtic concerts is $10. The price of Celtic Springs Water is $2. Draw Patrick's budget con..

Wilson foods corporation leased a commercial food processor : What would be the pretax amounts related to the lease that Wilson would report in its statement of cash flows for the year ended December 31,2011?

What is your estimate of the density of the earth based : Present these measurements graphically by either a stemplot or a histogram and explain the reason for your choice. Then brie?y discuss the main features of the distribution. In particular, what is your estimate of the density of the earth based on..

Future costs as well as future payments have present values : Future costs as well as future payments have present values. For example, some researchers say that global warming could cost $1 trillion per year in 100 years. Using the present value formula and an interest rate r = 5%, one researcher (William Nord..

Differently with regard to the financial crisis : What, if anything, do you think should have been done differently with regard to the financial crisis of 2007–2009? Your response may focus on the mortgage industry, the Federal Reserve, the regulatory agencies, or a combination of the three. You may..

Trend of decreasing difference in age : Ages of couples 2007, part 2. Has the trend of decreasing difference in age at first marriage seen in Exercise 40 gotten stronger recently? Here are the scatterplot and residual plot for the data from 1975 through 2007, along with a regression for..

User Account

All Pages

Wilson foods corporation leased a commercial food processor

Reference no: EM131008142

Reference no: EM131008142

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT