The following represents the recent disclosure of operating leases for Rent-A-Center at the end of Fiscal 2021. Using the discount rate disclosed by the firm, and assuming that the "thereafter" amount occurs entirely in one year, provide your own calculation of the present value of operating leases at the end of the fiscal year. Report your answer in the same units as the footnote, in $000 of dollars. Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at December 31, 2021: (In thousands) 2022 2023 2024 2025 2026 Thereafter Total undiscounted operating lease liabilities Less: Interest Total present value of operating lease liabilities Weighted-average discount rate Weighted-average remaining lease term (in years) LA Operating Leases 106,505 83,248 64,693 47,248 23,077 17,266 342,307 (45,502) 296,535 6.0%
The following represents the recent disclosure of operating leases for Rent-A-Center at the end of Fiscal 2021. Using the discount rate disclosed by the firm, and assuming that the "thereafter" amount occurs entirely in one year, provide your own calculation of the present value of operating leases at the end of the fiscal year. Report your answer in the same units as the footnote, in $000 of dollars. Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at December 31, 2021: (In thousands) 2022 2023 2024 2025 2026 Thereafter Total undiscounted operating lease liabilities Less: Interest Total present value of operating lease liabilities Weighted-average discount rate Weighted-average remaining lease term (in years) LA Operating Leases 106,505 83,248 64,693 47,248 23,077 17,266 342,307 (45,502) 296,535 6.0%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The following represents the recent disclosure of operating leases for Rent-A-Center at the end of
Fiscal 2021. Using the discount rate disclosed by the firm, and assuming that the "thereafter"
amount occurs entirely in one year, provide your own calculation of the present value of
operating leases at the end of the fiscal year. Report your answer in the same units as the
footnote, in $000 of dollars.
Reconciliation of undiscounted operating lease liabilities to the present value operating
lease liabilities at December 31, 2021:
(In thousands)
2022
2023
2024
2025
2026
Thereafter
Total undiscounted operating lease liabilities
Less: Interest
Total present value of operating lease liabilities
Weighted-average discount rate
Weighted-average remaining lease term (in years)
$
LA
$
Operating Leases
106,505
83,248
64,693
47,248
23,077
17,266
342,307
(45,502)
296,535
6.0%
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