MANAGERIAL ACCOUNTING (LL+CONNECT)
17th Edition
ISBN: 9781266062148
Author: Garrison
Publisher: MCG CUSTOM
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Chapter P, Problem 9E
To determine
Ethics: Ethics is the principle of conduct governing an individual. The ethical values of the individual guide the person in conducting activities. The person takes decision following own ethical standards. How the person reacts in particular situation depends upon the own core principle of that person. The way of dealing with a particular situation considering personal values relates with the ethics of that person.
To Identify: The way of giving response to professor about the teaching ability.
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Zanzibar Limited entered into a lease agreement on July 1 2016 to lease some
highly customized hydraulic equipment to Kaizen Limited. The fair value of the
equipment as at that date was $ 700,000. The terms of the lease agreement were:
Lease term 5 years
Equipment economic life 6 years
Annual rental payment, in arrears
(commencing June 30th 2017)
$160,000
Equipment residual value $100,000
Guaranteed residual value by Zanzibar $60,000
Incremental borrowing rate 8%
Interest rate implicit in the lease 6%
Note: the lease is cancellable but only with Zanzibar’s permission
At the end of the lease term, the equipment is to be returned to Zanzibar Limited.
On July 1, 2016, Zanzibar incurred $12,000 in legal fees for setting up the lease. The
annual rental payment includes $10, 000 to reimburse the lessor for maintenance
fees incurred on behalf of the lessee.
Requirements:
a) Discuss the nature of the lease using the appropriate criteria. Justify your
answer using calculations where…
Determine the asset turnover for all three companies
Calculate Dol solution general accounting question
Chapter P Solutions
MANAGERIAL ACCOUNTING (LL+CONNECT)
Ch. P - Prob. 1QCh. P - Pick any major television network and describe...Ch. P - If you had to decide whether to continue making a...Ch. P - Why do companies prepare budgets?Ch. P - Why is managerial accounting relevant to business...Ch. P - Why is managerial accounting relevant to...Ch. P - Pick any large company and describe its strategy...Ch. P - Why do management accountants need to understand...Ch. P - Prob. 9QCh. P - Prob. 10Q
Ch. P - Prob. 11QCh. P - Locate the website of any company that publishes a...Ch. P - Why do companies that implement Lean Production...Ch. P - Why are leadership skillsimportant to managers?Ch. P - Prob. 15QCh. P - Prob. 16QCh. P - Prob. 17QCh. P - What internal controls would you implement to help...Ch. P - Why do companies take a physical count of their...Ch. P - Why do companies use sequential prenumbering for...Ch. P - Prob. 1ECh. P - Assume that you work for an airline unloading...Ch. P - Prob. 3ECh. P - EXERCISE P-4 Ethics and the Manager Richmond,...Ch. P - Prob. 5ECh. P - Prob. 6ECh. P - Prob. 7ECh. P - Prob. 8ECh. P - Prob. 9ECh. P - Prob. 10ECh. P - Prob. 11ECh. P - EXERCISE P-12 Cognitive Bias and Decision Making...Ch. P - Prob. 13E
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