Each of the four independent situations below describes a sales-type lease in which annual lease payments of $120,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of S1, FVAD of $1 and PVAD of (Use appropriate factor(s) from the tables provided.)
Situation
1 2 3 4
Lease term (years) 9 9 10 10
Lessor's and lessee's interest rate 11$ 13$ 12% 12%
Residual value:
Estimated fair value 0 $54,000 $8,400 $54,000
Guaranteed by lessee 0 0 $8/,400 $64,000
Determine the following amounts at the beginning of the lease Round your intermediate and final answer to the nearest whole dollar amount. Answer the missing part.
Situation
1 2 3 4
A. The lessor's:
1. Lease payments $1,080,000 $1,080,000 $1,200,000
2. Gross investment in the lease $1,080,000 $134,000,000 $1,208,400 1,264,000
3. Net Investment in the lease 737,534 713,828 762,095 779,996
B. The lessee's
4. Lease payments 1,080,000 1,080,000 1,200,000
5. Right-of-use asset 737,534 713,828 759,390
6. Lease payable 737,534 713,828 759,390
Answers: 1
Other questions on the subject: Business
Business, 23.06.2019 19:30, parkermacyow71bm
In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. the equilibrium quantity in the market for widgets is 250 per month when there is no tax. then a tax of $6 per widget is imposed. as a result, the government is able to raise $750 per month in tax revenue. we can conclude that the after-tax quantity of widgets has fallen by a. 25 per month. b. 50 per month. c. 75 per month. d. 100 per month.
Answers: 2
Business, 23.06.2019 19:50, kayranicole1
Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.
Answers: 2
Business, 23.06.2019 20:30, tamaliablanchard
In germany, wal-mart has been required to buy existing retailers rather than open brand-new stores. what does this illustrate
Answers: 3
Business, 24.06.2019 00:30, aldape06252004
What strategy was used to rescue illinois prairie chickens from a recent extinction vortex? what strategy was used to rescue illinois prairie chickens from a recent extinction vortex? establishing a nature reserve to protect its habitat determining the minimum viable population size by taking into account the effective population size introducing individuals from other populations to increase genetic variation reducing the population size of its predators and competitors?
Answers: 3
You know the right answer?
Each of the four independent situations below describes a sales-type lease in which annual lease pay...
Questions in other subjects:
