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torisob [31]
3 years ago
14

Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca

lls for annual lease payments of $30,000, beginning on January 1, for each of the 3 years of the lease. In addition, Badger will pay Pina $6,000 as a cash incentive for entering the lease by January 1, 2017. In relation to the lease agreement, Pina incurred the following costs.
Salaries of employees involved in the investigation of the lease $3,000
Lease document preparation costs incurred after execution of the lease 500
Pinas incremental borrowing rate is 9%.
Required:
a. If the value of the lease liability is $82 773, what amount wil Pina record as the value of th operating lease?
Business
1 answer:
posledela3 years ago
4 0

Answer:

= $80,273

Explanation:

Value of the right of use asset = Value of lease liability - cash incentive received + costs incurred for lease

                  = $82,773 -$ 6,000 + $3,000 + $500

                     =$80,273

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ack Hammer invests in a stock that will pay dividends of $3.06 at the end of the first year; $3.42 at the end of the second year
aleksley [76]

Answer:

$46.82

Explanation:

Present value is the sum of discounted cash flows

present value can be calculated using a financial calculator

Cash flow in year 1 = $3.06

Cash flow in year 2 = $3.42

Cash flow in year 3 = $3.78  + $56 = $59.78

I = 13%

Present value = $46.82

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

8 0
3 years ago
________ consist of items that are only in demand for a relatively short period of time. a) Sample merchandise categories b) Sta
lutik1710 [3]

Answer:

Option "E" is the correct answer to the following question.

Explanation:

It is believed that fashion can change in a small interval of time. Fashion related.

goods or merchandise may be the change in a small interval.

Fashion is completely based on the thinking of human, with the changing of human thinking, fashion also keeps changing.

Therefore, Fashion merchandise's demand depends on short period of time.

6 0
3 years ago
PROBLEM 8–31 Completing a Master Budget Hillyard Company, an office supplies specialty store, prepares its master budget on a qu
kompoz [17]

The main purpose of the sales budget is to achieve the financials objectives of the sales department.

<h3>What is a sales budget?</h3>

This refers to a financial plan that estimates a company's total revenue in a specific time period.

<h3>What is the Schedule of expected cash collections?</h3><h3>                             Hillyard Company</h3><h3>                               Sales Budget</h3><h3>                For the Quarter ended march 31</h3><h3>                                       Jan          Feb          Mar        Quarter</h3>

Budgeted Sales             $400,000 $600,000   $300,000  $1,300,000

Total Budgeted Sales   $400,000 $600,000  $300,000  $1,300,000

Read more about sales budget

<em>brainly.com/question/27207594</em>

#SPJ1

6 0
2 years ago
A firm has a debt-to-equity ratio of 0.50 and debt equal to $35 million. The firm acquires new equipment with a 3-year operating
ipn [44]

Answer:

($35 million + $12 million) / $70 million = 0.6714

Explanation:

6 0
3 years ago
Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns. Both of
Airida [17]

Answer:

Yes, Sandra can claim Debbie as a qualifying relative on her yearly return as Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns.

Explanation:

When determining the premium tax credit on a tax return, a Shared Policy Allocation should then be reported by each taxpayer on their respective tax returns so that the amounts reported on the Health Insurance Marketplace Statement (Form 1095-A) can be allocated between the individuals on the policy.

A Shared Policy occurs when a qualified health plan has been purchased from the Marketplace or from a state health care exchange and it covers at least one individual on the tax return and at least one individual not on the tax return under several scenarios as the one with Sandra claiming Debbie or viceversa , in their Shared Policy, they, as taxpayers, will need to allocate the three amounts reported on Form 1095-A (enrollment premiums, SLCSP premiums, and/or APTC) between the taxpayer's tax return and the tax return of the other individual(s) who is not on this tax return and is filing their own return. This is known as a Shared Policy Allocation.

Sandra and Debbie have a shared policy. Sandra got the 1095-A Form for she and Debbie´s covereage individuals for the year, therefore, Sandra can claim Debbie as a qualifying relative on her yearly tax return because Debbie lived with Sandra as a member of her household, unless Debbie has had gross income of more than $4,200 during the tax year.

Both Sandra and Debbie can claim the entire amount of the premium tax credit since both of their names are shown on Form 1095-A as covered individuals, but Sandra should reconcile the entire premium tax credit information from her Form 1095-A on her tax return, or Debbie should reconcile the entire premium tax credit information from Sandra's Form 1095-A on her tax return. Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns.

3 0
3 years ago
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