Homework Answers
8.
The picture is cropped, so it is not readable whether lease is
payable at beginning or end of the year.
I assume beginning of the year.
PV Annuity factor @3% for 4 years = 3.7171
PV Factor used = 1 + 3.7171 = 4.7171
Annual Lease Payment = $120000 / 4.7171 = $25439
Answer a is given as $25349, but my answer is $25439
Answer is a. $25349 as it is closest to my answer
6.
Answer is 3. Operating and Financing
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Click Submit to complete this assessment. Question 8 3% For the situation below describes a finance...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at t...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return 10 11% 93 128 Fair value of lease asset $53,000 353,000...
Each of the four independent situations below describes a finance lease in which annual lease payments...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 113 Lease ter (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset...
Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The lessee is aware of the lessor's implicit rate of return. (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.) 6 Lease term (years) Lessor's rate of return Lessee's incremental borrowing rate Fair value of lease asset Situation 3...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 15 8% Lease term (years) Lessor's rate of return Lessee's incremental borrowing rate Fair value of lease asset...
13 Each of the four independent situations below describes a finance lease in which annual lease...
13 Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD o $1) (Use appropriate factor(s) from the tables provided.) 26 oints Situation 1 2 3 6 4 Lease term (years) Lessor's rate of return 5 8 9%...
Each of the four independent situations below describes a finance lease in which annual lease payments...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset Residual...
Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 1 2 3 Lease term (years) 11 21 5 Lessor's rate of return (known by lessee) 10% 8%...
Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 1 2 3 Lease term (years) 10 20 5 Lessor's rate of return (known by lessee) 11% 9%...
Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 1 2 3 Lease term (years) 10 20 5 Lessor's rate of return (known by lessee) 11% 9%...
Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three independent situations below describes a
finance lease in which annual lease payments are payable at the
beginning of each year. The lessee is aware of the lessor’s
implicit rate of return. (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.)
Situation
1
2
3
Lease term (years)
11
21
5
Lessor's rate of return (known by lessee)
10%
8%...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return 10 11% 93 128 Fair value of lease asset $53,000 353,000...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 113 Lease ter (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The lessee is aware of the lessor's implicit rate of return. (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.) 6 Lease term (years) Lessor's rate of return Lessee's incremental borrowing rate Fair value of lease asset Situation 3...
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 15 8% Lease term (years) Lessor's rate of return Lessee's incremental borrowing rate Fair value of lease asset...
13 Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD o $1) (Use appropriate factor(s) from the tables provided.) 26 oints Situation 1 2 3 6 4 Lease term (years) Lessor's rate of return 5 8 9%...
Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset Residual...
Each of the three independent situations below describes a
finance lease in which annual lease payments are payable at the
beginning of each year. The lessee is aware of the lessor’s
implicit rate of return. (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.)
Situation
1
2
3
Lease term (years)
11
21
5
Lessor's rate of return (known by lessee)
10%
8%...
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