Discuss some possible reasons why Walmart leases rather than purchases most of its premises?
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| Balance Sheet ($ in millions) | |||
| Assets | 2017 | 2016 | |
| Property: | |||
| Property under Finance Lease Obligations | 11,637 | 11,096 | |
| Less: Accumulated Amortization | -5,169 | -4,751 | |
| Liabilities | |||
| Current Liabilities: | |||
| Finance lease obligations due within 1 year | 565 | 551 | |
| Long-term debt: | |||
| Long-term finance lease obligations | 6,003 | 5,816 | |
1. Discuss some possible reasons why Walmart leases rather than purchases most of its premises?
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- Balance Sheet ($ in millions) Assets 2017 2016 Property: Property under Finance Lease Obligations 11,637 11,096 Less: Accumulated Amortization -5,169 -4,751 Liabilities Current Liabilities: Finance lease obligations due within 1 year 565 551 Long-term debt: Long-term finance lease obligations 6,003 5,816 The net asset "property under Finance Lease Obligations" has a 2017 balance of $6,468 million (11,637-5,169). Liabilities for these leases total $6,568 ($565+6,003). Why do the assets and liability amounts differ? Explain.Balance Sheet ($ in millions) Assets 2017 2016 Property: Property under Finance Lease Obligations 11,637 11,096 Less: Accumulated Amortization -5,169 -4,751 Liabilities Current Liabilities: Finance lease obligations due within 1 year 565 551 Long-term debt: Long-term finance lease obligations 6,003 5,816 1. Prepare a 2017 summary entry to record the company's lease payments, which were $800 million.The following information relates to Samson Engineering as at 30 June 2023: RProfit for the year180 000Drawings50 000Property920 000Long-term borrowings510 000Trade receivables380 000Plant and machinery250 000Trade payables180 000Short-term borrowings260 000Fixtures and fittings90 000Inventories420 000Equity at 1 July 20221 175 000Cash45 000Motor vehicles150 000 RequiredCalculate the following:The total non-current assets The total current assetsThe total assets
- E17.22 (L04) HIT (Impairment) Komissarov SA has a debt investment in the bonds issued by Keune AG The bonds were purchased at par for € 400,000 and, at the end of 2019, have a remaining life of 3 years with annual interest payments at 10%, paid at the end of each year. This debt investment is classified as held-for-collection. Keune is facing a tough economic environment and informs its investors that it will be unable to make all payments according to the contractual terms. The con troller of Komissarov has prepared the following revised expected cash flow forecast for this bond investment. Dec. 31 Expected Cash Flows 2020 € 35,000 2021 35,000 2022 385,000 total cash flow € 455,000 Instructions a. Determine the impairment loss for Komissarov at December 31, 2019. b. Prepare the entry to record the impairment loss for Komissarov at December 31, 2019. c. On January 15, 2020, Keune receives a…Debt Investments Classification Cost orAmortized Cost Fair Valueat end if 2017 Interest Incomein 2017 Sales Pricein 2018 Trading $15,000 $14,000 $750 $14,500 Available-for-Sale $18,000 $15,000 $1,000 $16,000 Held-to-Maturity $24,000 $25,500 $950 For the Houston Company, what is the unrealized gain or loss that will appear in the Accumulated Other Comprehensive Account in 2017? Select one: a. $1,500 gain b. $4,000 Loss c. $2,500 Loss d. $1,000 Loss e. $3,000 Loss PreviousSave AnswersNextABC Co. had these loans outstanding for the year 2020: Specific Loan: P1,000,000 at 10% General Loan P20,000,000 at12%. The company began a self-construction of a building on January 1, 2020 and was completed on December 31, 2020. The following expenditures were made during 2020: January 1:P1,000,000 July 1: P2,000,000 November 1: P3,000,000 Total: P6,000,000. How much is the cost of constructed building on December 31, 2020? P6,000,000 P6,250,000 P6,280,000 P6,300,000
- (e) On December 31, 2015, Malton Company acquired a computer from Hamilton Corporation by issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2019. Malton Company’s credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $70,000 residual value. Prepare the journal entry for the purchase on December 31, 2015 and any necessary adjusting entries relative to depreciation (use straight-line) and amortization on December 31, 2016.Debt Investments Classification Cost orAmortized Cost Fair Valueat end if 2017 Interest Incomein 2017 Sales Pricein 2018 Trading $15,000 $14,000 $750 $14,500 Available-for-Sale $18,000 $15,000 $1,000 $16,000 Held-to-Maturity $24,000 $25,500 $950 For the Houston Company, what amount will appear on the income statement in 2017? Select one: a. ($2,500) b. $1,700 c. ($300) d. $2,700 e. $3,000On July 1, 2016, York Company purchased a long-term investment, P1,000,000 of Park Company's 8% bonds for P946,000, including accrued interest of P40,000. The bonds were purchased to yield 10% interest. The bonds mature on January 1, 2022, and pay interest annually on January 1. York Company used the effective interest method of amortization. 1. What is the interest income for 2016? a. 80,000 b. 90,600 C. 45,300 d. 40,000 2. On December 31, 2016, what is the carrying amount of the investment in bonds? a. 911,300 b. 916,600 c. 953,300 d. 960,600
- DIRECTION: Prepare an amortization table Kalibo Bank loaned P5,000,000 to Caticlan Company on January 1, 2012. The terms of the loan require principal payments of P1,000,000 each year for 5 years plus interest at 8%. The first principal and interest payment is due on January 1,2013. Caticlan Company made the required payments during 2013 and 2014. However, during 2014 Caticlan Company began to experience financial difficulties, requiring Kalibo Bank to reassess the collectibility of the loan. On December 31,2014, Kalibo Bank has determined that the remaining principal payment will be collected but the collection of the interest is unlikely. Kalibo Bank did not accrue the interest on December 31, 2014. The present value of 1 at 8% is as follows: For one period 0.926 For two periods 0.857 For three periods 0.794 Required: Prepare the amortization table of the loan after impairment.User In February 2024, Cullumber Corp, began the construction of a 10-storey building. The construction is expected to be completed by January 2025. during 2024, the following payments were made: Apr. 1: 1010000 Jun. 1: 1500000 Aug. 1: 840000 Oct. 1: 890000 No asset specific debt was incurred. During 2024, Cullumber's general debt consisted of the following: $1.8 million, 5%, 2-year note, $1.1 million, 4.5%, 2-year note, $0.50 million, 3%, 5-year note. Calculate the avoidable borrowing costs. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Additional information the attached documents Inventories as at 31 December 2020 amounted to R185000. All purchases and sales are on credit Credit terms to Debtors are on 30 days Credit terms of 3/10 net 90 days are granted by creditors Dividends for the year amounted to R139503. Questions based on the above information and the attachments: Will the company be able to find its short-term obligations if inventories are not sold?, please explain. The directors are considering financing the expansion of the company by taking a long term loan. With the use of the relevant ratios advise whether this would be appropriate for the company. Comment on the dividend payout rate of the company. Calculate the cost (as a percentage) to Satner Limited of not accepting discounts in settlement accounts. As a shareholder would you be satisfied with the profitability of the company? please explain Is the company's collection policy effective? Please explain
