Acc 400 Wk 4 DQ 1. What are some of the various lease options? When would you use one option over the others? What could be the financial influence of this decision? The option to lease requires little or no money down. The various lease options are known as capital leases‚ sale type leases‚ direct financing leases‚ leveraged leases and operating leases. The general purpose‚ profitable margins and potential duration of need must be analyzed before a decision is formed to wager the best option
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parking? a. isolated store b. business district c. strip d. shopping center 3. A major disadvantage to an isolated store location is that _____. a. costs such as outside lighting and security cannot be shared b. rental costs are high c. leases can restrict store operations d. neighboring retailers can cause an overstored environment 4. Which of these location forms is unplanned as a unit? a. regional shopping center b. neighborhood shopping center c. community shopping center d
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Connie: determine how treatment would be diff under U.S. GAAP‚ include calculations‚ etc. + Pass off to Kathy/Chelsea to talk about Need space case. * Under US GAAP ASC 840-30 it would be treated as a capital lease * Lease term is> 75% of economic life * P.V. of MLP is > 90% of FMV of leased property * Record the asset and obligation at PV of MLP (ASC 840-30-30-1) * Depreciation- ASC 840-30-35-1 (a) and (b) gives guidance on how to depreciate when ownership
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Cases in Financial Reporting Continental Airlines‚ Inc - Leases Anderson‚ John Armanini‚ Nathan Avery‚ Sarah Hacker‚ Matthew Adkins‚ Lindsay To: Larry Tomassini From: Group 6 Subject: Case Study #3 – Continental Airlines‚ Inc. - Leases Date: February 22‚ 2011 This memo contains a lease analysis of the case titled: Continental Airlines‚ Inc - Leases. All numbers contained in this memo are in millions. D. i. Rental Expense (Aircraft Equipment) $896 Rental
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Introduction In essence‚ “leases” are created between landlords and tenants as contracts to grant exclusive possession of the land for a defined period of time‚ in exchange of rent from tenant. Leases give contractual interests to tenants‚ while at the same time creates proprietary interests in the land by granting exclusive possession‚ which elevates a tenancy into an “estate/interest in land”. It can therefore be understood and has been suggested by commentators that leases are of dual nature and
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Chi Hung Luu‚ appellee‚ leased premises in Houston Texas‚ from Merry Homes‚ Inc.‚ with the intention of opening a bar or nightclub on the property. After Luu signed the lease‚ he submitted an application for a liquor license to the city of Houston. The city denied the application and Luu sought a declaratory judgment that the lease was void because it could not be performed legally. Merry Homes‚ appellant‚ counterclaimed for breach of contract and sought to recover eight months of unpaid rent.
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Background * * A public utility company‚ Big Bear Power‚ has signed a 10-year non-cancelable lease from Goliath Company for a combustion turbine. The lease agreement is signed on December 15‚ 2004 and Big Bear has the right to use the turbine as of January 1‚ 2005. * Annual lease payments are $1 million per year‚ payable ratably over 12 months at the beginning of each month‚ according to the lease agreement. The minimum rent payment will be $1 million plus an increase equal to the change
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traps. There are two types of reservoir traps: Structural and stratigraphic Geophysical survey: an exploration method whereby devices‚ such as a seismograph is used to develop a contour map of an area in order to determine which land to lease and where to locate an exploratory well There are two main methods of oil well drilling: Cable tool drilling: an older method that operates on a hammer principle to pulverize the rock Rotary drilling rig:
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interest owner has executive RIGHT to: a. Grant leases b. Bonus - payments made to induce the signing of the lease c. Delay rentals – payments for maintaining the lease without development or production d. Royalty – share of production e. Profits and duty to pay costs incurred in use (profit sharing and cost bearing). Dominant Mineral interest Servient Surface interest Leasehold interest (working or operating) Lease usually imposes duties upon the lessee. Lessor
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Deceptive Advertising As a consumer in a world of constant advertising messages being flashed before my eyes‚ I am always wary of the truth of those messages that I see. It is terrible when consumers see an advertisement‚ whether it is in a magazine‚ television or any other medium‚ and they decide to make a purchase only to find out they are not getting what they originally planned or have to pay more than they had expected. Deceptive advertisements have been a problem since the early days of
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