15 Ch. 15 - Class Templates Students

15 Ch. 15 - Class Templates Students - Name: Situation 1...

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Name: Date: Ex: Situation 1 TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV Situation 2 TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV Situation 3 TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV
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Name: Date: Ex: 15-13 Situation 1 Minimum lease payments $700,000 Minimum lease payments $700,000 Gross investment in lease $700,000 Leased asset $548,592 Net investment in lease $548,592 Leased liability $548,592 TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV 7 9.00 100,000 7 9.00 100,000 (548,592) (548,592) Situation 2 Minimum lease payments Minimum lease payments Gross investment in lease Leased asset Net investment in lease Leased liability TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV Situation 3 Minimum lease payments Minimum lease payments Gross investment in lease Leased asset Net investment in lease Leased liability TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV Situation 4 Minimum lease payments Minimum lease payments Gross investment in lease Leased asset Net investment in lease Leased liability TVM Calcs TVM Calcs N I/Y PV PMT FV N I/Y PV PMT FV
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Name: Date: Ex: 15-14 Situation 1 TVM Calcs N I/Y PV PMT FV 5 12.00 10,000 (5,674) $60,000 - $5,674 = $54,326 TVM Calcs N I/Y PV PMT FV 5 12.00 54,326 (13,456) Situation 2 TVM Calcs N I/Y PV PMT FV 5 11.00 50,000 (29,673) $420,000 - $29,673 = $390,327 TVM Calcs N I/Y PV PMT FV 5 11.00 390,327 (95,145) Situation 3 TVM Calcs N I/Y PV PMT FV 3 9.00 22,000 (16,988) $185,000 - $16,988 = $168,012 TVM Calcs N I/Y PV PMT FV 3 9.00 168,012 (60,894)
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Name: Date: Ex: 15-15 Required 1. TVM Calcs N I/Y PV PMT FV 3 12.00 (36,000) (45,000) 128,872 Required 2. Lease Amortization Schedule Year/Periods Cash Outflow Interest Exp. 3 12.00% 1-Jan-09 $128,872 1-Jan-09 $36,000 36,000 92,872 31-Dec-09 36,000 11,145 24,855 68,017 31-Dec-10 36,000 8,162 27,838 40,179 31-Dec-11 45,000 4,821 40,179 - Total $153,000 $24,128 $128,872 Required 3. Chart of Accounts
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15 Ch. 15 - Class Templates Students - Name: Situation 1...

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