Business, 30.03.2020 17:57 beepbeep123

Kingbird Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment to Blossom Company. The term of the non-cancelable lease is 2 years, and payments are required at the end of each year. The following information relates to this agreement:
1. Blossom has the option to purchase the equipment for $20,500 upon termination of the lease. It is not reasonably certain that Blossom will exercise this option.
2. The equipment has a cost of $210,000 and fair value of $232,000 to Kingbird Leasing. The useful economic life is 2 years, with a residual value of $20,500.
3. Kingbird Leasing desires to earn a return of 5% on its investment.
4. Collectibility of the payments by Kingbird Leasing is probable.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:40

What is ur favorite song and by who i know dis is a random question

Answers: 2

Answer

Business, 22.06.2019 11:40

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

Answer

Business, 22.06.2019 19:10

Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.

Answers: 3

Answer

Business, 22.06.2019 19:50

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.

Answers: 2

Answer

You know the right answer?

Kingbird Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment t...

Questions