327 | 2 | 22‚441 | 16‚495 | 5‚946 | 57‚832 | 3 | 22‚441 | 17‚814 | 4‚627 | 40‚018 | 4 | 22‚441 | 19‚239 | 3‚201 | 20‚779 | 5 | 22‚441 | 20‚779 | 1‚662 | 0 | Sum | 112‚204 | 89‚600 | 22‚604 | | Question 2 The implicit rate for the lease is 3.78%. This has been determined using the “IRR” function within excel‚ with the cash flows of $89‚600 in year zero (since RCGC will be receiving 40 golf carts valued at $2‚240 each) and -$20‚000 in years one through five (payment of $500 for each
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that you are doing well. My name is Lydia Lease‚ and I am an attorney at Sell Your House‚ Inc. I am writing in regards to a parcel of land located at 225 Parcel St.‚ Richmond‚ VA. My client‚ Mrs. Tabitha Land‚ is running into some difficulties in selling her property that is apparently still under lease by your organization. This parcel of land (100 ft by 300 ft) is located at the back of my client’s property. According to the city records‚ the lease was initiated in September‚ 2001‚ and never
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Physical Dimensions. RIGHTS ABOVE SURFACE →The owner’s rights in airspace should be restricted to “any such height as is necessary for the ordinary use and enjoyment of his land and the structures upon it”. If within this meaning their may be an action in trespass. – Berstein v Skyviews and General Ltd. S 2(1) of the Damage by Aircraft Act 1952 precludes action in trespass for overflying aircraft.→ An intrusion by a land based structure located on the defendant’s land constituted a trespass to the
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RELEVANT TO ACCA QUALIFICATION PAPER F7 AND P2 Studying Paper F7 or P2? Performance objectives 10 and 11 are relevant to this exam The IASB’s Conceptual Framework for Financial Reporting I am from England‚ and here in the UK‚ unlike most countries‚ our system of government has no comprehensive written constitution. Many countries do have such constitutions and in these circumstances the laws of the land are shaped and influenced by the constitution. Now while the International Accounting
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capital leases? 4. What was the net amount for assets acquired under capital leases? 5. How material are assets acquired under capital leases in relation to total property and equipment? a. How material are capital lease obligations in relation to total debt and revolving lines of credit at August 31‚ 2010? b. Operating leases: 1. What was the total future minimum lease payments as of August 31‚ 2010? 2. Using two-thirds of future minimum lease payments
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the verbal contract really entails. According to the video‚ The Nature of Agency (Chesseman‚ 2010) Janet who is a secretary that signs for shipments signed a three month lease with Non-Linear Pro. The product end up not working correctly and now Non-Linear Pro filed a suit against Quick Takes Video for breaking their three month lease. One of the sales people said how is it that a secretary signed a binding agreement with Non-Linear Pro without getting authorization of the owners. When the sale of the
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Discussion Question(s) #1 Week # 3 How would you define working capital? What could happen if an organization neglected to manage its working capital? What working capital techniques would you recommend for your organization? Why? Working capital refers to the short term decisions relating to financing. If the working capital is neglected in any way‚ it can cause a company to go bankrupt. If this occurs‚ it means that employees will not get paid and suppliers will not get the proper funding
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What are the relevant facts? - All leased real estate from Apel manufacturing is reported as an operating lease. - In Jon’s opinion‚ the building lease should be treated as a capital lease from the review of statement of Financial Accounting Standards No.13 - When the lease is a capital lease‚ the lease should be shown in the financial statements - Rex‚ the CEO of the company does not want the lease liability to be reflected on the balance sheet as increasing in the liabilities will jeopardize the bank
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Executive Summary Statement of the Problem In April 30‚ 1999‚ the National Railroad Passenger Corporation(Amtrak) will review a leveraged-lease proposal from BNY Capital Funding LLC(BNYCF) along with other financing options. The government will eliminate federal funding for any of Amtrak’s operating expenses by 2002 . Therefore‚ Amtrak has developed a new high speed train line called Acela‚ which will bring in net annual revenues of $180 million by 2002. Amtrak needs to raise $267.9 million
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Describe factors Caledonia must consider if they were doing a lease versus buy Sense Caledonia is thinking of introducing a new product‚ the company must decide whether to lease or buy. Caledonia is in the 34 percent marginal tax bracket with a 15 percent required rate of return on cost of capital‚ the new project being a fad will only be a for five years. When deciding to lease‚ Caledonia must consider how reducing out of pocket cost could benefit the company. Though leasing would mean they do
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