Mini Case Assignment 4 Question 4

Mini Case Assignment 4 Question 4 - 596 2010 815 815 0.6209...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Year Ending December 31, Capital Leases Operating Leases 2006 $263 $1,065 2007 196 1,039 2008 236 973 2009 175 872 2010 140 815 2011 and thereafter 794 7,453 $1,804 $12,217 Less amount representing interest 716 Present value of net minimum lease payments $1,088
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Year Reported Payment Assumed Payment PV factor at 10% PV 2006 $263 $263 0.9091 $239 2007 196 196 0.8264 162 2008 236 236 0.7513 177 2009 175 175 0.6830 120 2010 140 140 0.6209 87 2011 and subsequent 794 794 0.5645 45 794 0.5132 41 794 0.4665 37 794 0.4241 34 794 0.3855 31 794 0.3505 28 794 0.3186 25 794 0.2897 23 794 0.2633 21 794 0.2394 19 $1,088
Background image of page 2
Year Reported Payment Assumed Payment PV factor at 10% PV 2006 $1,065 $1,065 0.9091 $968 2007 1,039 1,039 0.8264 859 2008 973 973 0.7513 731 2009 872 872 0.6830
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 596 2010 815 815 0.6209 506 2011 and subsequent 7,453 497 0.5645 280 $12,217 497 0.5132 255 497 0.4665 232 497 0.4241 211 497 0.3855 192 497 0.3505 174 497 0.3186 158 497 0.2897 144 497 0.2633 131 497 0.2394 119 497 0.2176 108 497 0.1978 98 497 0.1799 89 497 0.1635 81 497 0.1486 74 $12,217 $6,006 Adjustment Dec. 31, 2001 ($ millions) Assets Liabilities & Equity Balance Sheet Long-term Tangible Assets 6,006 Long-term Debt 6,006 Income Statement Cost of Sales: Lease expense-1,065 Depreciation expense (1/20 * $6,006) 300 Interest expense (.01 * $6,006) 600 Tax expense (35% of sum) 58 Net Income-107...
View Full Document

This note was uploaded on 09/02/2011 for the course GSB 703 taught by Professor Girardin during the Summer '09 term at Nichols.

Page1 / 4

Mini Case Assignment 4 Question 4 - 596 2010 815 815 0.6209...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online