On January 1, 2021, Granite State Hospital leased medical equipment from Forest Corp. which had purchased the equipment at a cost of $2,874,474. The lease agreement specifies six annual payments of $600,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2025. The six-year lease term ending December 31, 2026 (a year after the final payment), is equal to the estimated useful life of the equipment. The contract specifies that lease payments for each year will increase on the basis of the increase in the Consumer Price Index for the year just ended. Thus, the first payment will be $600,000, and the second and subsequent payments might be different. The CPI at the beginning of the lease is 120. Forest routinely acquires medical equipment for lease to other firms. The interest rate in these financing arrangements is 10%.
Required:
Round your answers to the nearest whole dollar amounts.
1.Prepare the appropriate journal entries for Granite State and Forest to record the lease at its beginning.
2.Assuming the CPI is 124 at that time, prepare the appropriate journal entries for Granite State at December 31, 2021, related to the lease.
In: Accounting
Total Purchase cost = $150,000.00 Purchase date = Jan 1, 2020
Useful life = 6 years Salvage value = $50,000.00
Note: each highlighted box is worth 1 point
Complete each depreciation table.
ECONOMIC DEPRECIATION:
|
Year |
Remaining value at beginning of year |
Depreciation |
Remaining value at end of year |
|
2020 |
|||
|
2021 |
|||
|
2022 |
|||
|
2023 |
|||
|
2024 |
|||
|
2025 |
|
Year |
Remaining value at beginning of year |
Depreciation |
Remaining value at end of year |
|
Oct 1 - Dec 31, 2020 |
|||
|
2021 |
|||
|
2022 |
|||
|
2023 |
|||
|
2024 |
|||
|
2025 |
|||
|
Jan 1 - Sept 30, 2026 |
In: Accounting
In: Advanced Math
(1)Prove 6^(2n)-4^(2n) must be a mutiple of 20
(2)Prove 6^(2n)+4^(2n)-2 must be a multiple of 50
In: Advanced Math
David Palmer identified the following bonds for investment:
The three bonds were issued on July 1, 2011.
(Each Part is Independent)
Please provide steps thanks
In: Finance
| Day Labs | Agent | Transaction |
|
24 |
1 | 1 |
| 24 | 1 | 2 |
| 21 | 1 | 3 |
| 20 | 1 | 4 |
| 21 | 1 | 5 |
| 25 | 1 | 6 |
| 21 | 1 | 7 |
| 27 | 1 | 8 |
| 23 | 1 | 9 |
| 21 | 1 | 10 |
| 24 | 1 | 11 |
| 26 | 1 | 12 |
| 23 | 1 | 13 |
| 24 | 1 | 14 |
| 23 | 1 | 15 |
| 23 | 1 | 16 |
| 23 | 1 | 17 |
| 25 | 1 | 18 |
| 22 | 1 | 19 |
| 25 | 1 | 20 |
| 18 | 2 | 1 |
| 20 | 2 | 2 |
| 20 | 2 | 3 |
| 24 | 2 | 4 |
| 22 | 2 | 5 |
| 29 | 2 | 6 |
| 23 | 2 | 7 |
| 24 | 2 | 8 |
| 28 | 2 | 9 |
| 19 | 2 | 10 |
| 24 | 2 | 11 |
| 25 | 2 | 12 |
| 21 | 2 | 13 |
| 20 | 2 | 14 |
| 24 | 2 | 15 |
| 22 | 2 | 16 |
| 19 | 2 | 17 |
| 26 | 2 | 18 |
| 22 | 2 | 19 |
| 21 | 2 | 20 |
| 10 | 3 | 1 |
| 11 | 3 | 2 |
| 8 | 3 | 3 |
| 12 | 3 | 4 |
| 12 | 3 | 5 |
| 10 | 3 | 6 |
| 14 | 3 | 7 |
| 9 | 3 | 8 |
| 8 | 3 | 9 |
| 11 | 3 | 10 |
| 16 | 3 | 11 |
| 12 | 3 | 12 |
| 18 | 3 | 13 |
| 14 | 3 | 14 |
| 13 | 3 | 15 |
| 11 | 3 | 16 |
| 14 | 2 | 17 |
| 9 | 3 | 18 |
| 11 | 3 | 19 |
| 12 | 3 | 20 |
| 15 | 4 | 1 |
| 13 | 4 | 2 |
| 18 | 4 | 3 |
| 16 | 4 | 4 |
| 12 | 4 | 5 |
| 19 | 4 | 6 |
| 10 | 4 | 7 |
| 18 | 4 | 8 |
| 11 | 4 | 9 |
| 17 | 4 | 10 |
| 15 | 4 | 11 |
| 12 | 4 | 12 |
| 13 | 4 | 13 |
| 13 | 4 | 14 |
| 14 | 4 | 15 |
| 17 | 4 | 16 |
| 16 | 4 | 17 |
| 17 | 4 | 18 |
| 14 | 4 | 19 |
| 16 | 4 | 20 |
| 33 | 5 | 1 |
| 22 | 5 | 2 |
| 28 | 5 | 3 |
| 35 | 5 | 4 |
| 29 | 5 | 5 |
| 28 | 5 | 6 |
| 30 | 5 | 7 |
| 31 | 5 | 8 |
| 29 | 5 | 9 |
| 28 | 5 | 10 |
| 33 | 5 | 11 |
| 30 | 5 | 12 |
| 32 | 5 | 13 |
| 33 | 5 | 14 |
| 29 | 5 | 15 |
| 35 | 5 | 16 |
| 32 | 5 | 17 |
| 26 | 5 | 18 |
| 30 | 5 | 19 |
| 29 | 5 | 20 |
Use data above please.
a) Prepare aligned box plots of the data. Do the factor level means appear to differ? Does the variability of the observations within each factor level appear to be approximately the same for all factor levels?
b) Obtain the fitted values.
c) Obtain the residuals. Do they sum to zero in accord with (16.21)?
d) Obtain the analysis of variance table.
e) Test whether or not the mean time lapse differs for the five agents; use α =10. Sate alternatives, decision rule, and conclusion .
f) What is the P-value of the test in part (e)? Explain how the same conclusion as in part (e can be reached by knowing the P-value f.
g) Based on the box plots obtained in part (a), does there appear to be much variation in te mean time lapse for the five agents? Is this variation necessarily the result of difterences in the efficiency of operations of the five agents? Discuss.
In: Statistics and Probability
Solve the exponential equations
a) log4(x-4) + log4(x-10) = 2
b) (1/4)x = 18
c) 34x-1 = 14
In: Math
X 2 3 1 1 4
Y 3 3 -1 0 6
a) calculate the slope and y-intercept for these data.
Y= ( )+ ( )X (Round to four decimal places).
b) Calculate the total sum of squares (SST)
SST= (Round to one decimal places)
c) Partition the sum of squares into the SSR and SSE
SSE= (Round to three decimal places)
SSR= (Round to three decimal places)
In: Finance
4. Let r(?) = �?, 4 3 ? 3/2, ?2 �. (a) Find T, N, and B at the point corresponding to ? = 1. (b) Find the equation of the osculating plane at the point corresponding to ? = 1. (c) Find the equation of the normal plane at the point corresponding to ? = 1
In: Physics
(1 point) The temperature at a point (x,y,z) is given by ?(?,?,?)=200?−?2−?2/4−?2/9, where ? is measured in degrees Celsius and x,y, and z in meters. There are lots of places to make silly errors in this problem; just try to keep track of what needs to be a unit vector. Find the rate of change of the temperature at the point (1, 1, 1) in the direction toward the point (-1, -1, -1).
In which direction (unit vector) does the temperature increase the fastest at (1, 1, 1)?
What is the maximum rate of increase of ? at (1, 1, 1)?
In: Math