Assignment Financial Accounting Assignment Financial Accounting [5 points]Green Path Landscaping purchased equipment through a 5-year capitallease. Annual payments are $12,000, and the implicit interest rate is 6%.Calculate the present value of the lease (using PVA factor of 4.2124 for 5years at 6%). Round your answer.

Given:Annual Payment = $12,000PVA factor for 5 years at 6% = 4.2124PVA = Annual Payment × PVA…

Answered: Assignment Financial Accounting [5…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Round your answer to nearest $.
Calculate the present value of the lease .
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Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are $12,000, and the implicit interest rate is 6%. Calculate the present value of the lease (using PVA factor of 4.2124 for 5 years at 6%). Round your answer. Ans
financial accounting 5 point assignment
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Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are $12,000, and the implicit interest rate is 6%. Calculate the present value of the lease (using PVA factor of 4.2124 for 5 years at 6%). Round your answer.
Emily leased equipment worth $70,000 for 5 years. If the cost of borrowing is 5.69% compounded semi-annually, calculate the size of the lease payment that is required to be made at the beginning of each half-year. $0.00 Round to the nearest cent SUBMIT QUESTION ← Q SAVE PROGRESS V SUBMIT AS ENG US
Step 3: Practice: Amortization Schedule Now it's time for you to practice what you've learned. Suppose Neha receives a $37,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. \table[[Year, Beginning Amount, Payment, Interest, Repayment of Principal, Ending Balance], [1, $37,000.00, grad,grad,grad,grad Step 3: Practice: Amortization Schedule Now it's time for you to practice what you've learned. Suppose Neha receives a $37,000.00 loan to be repaid equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. Beginning Amount Year Payment Interest Repayment Principal Ending Balance…
Finance Q.4- The Nail Inc. wishes to acquire a $100,000 wood cutting machine, which it plans to use for seven years. At the end of this time, the machine's residual value will be $24,000. The asset falls into the five-year property class for cost recovery (depreciation) purposes. The company can use either a "true" lease or debt financing. Lease payments of $16,000 at the beginning of each of the seven years would be required. If debt-financed, the interest rate would be 14 percent, and debt payments would be due at the beginning of each of the eight years. (Interest would be amortized as a mortgage- type of debt instrument.) The company is in a 40 percent tax bracket. Which method of financing has the lower present value of cash outflows?
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Assignment Financial Accounting [5 points] Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are $12,000, and the implicit interest rate is 6%. Calculate the present value of the lease (using PVA factor of 4.2124 for 5 years at 6%). Round your answer.