Question
Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating Amount lease payments (in millions) 2018
Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report:
Minimum operating | Amount |
---|---|
lease payments | (in millions) |
2018 | $89 |
2019 | 58 |
2020 | 42 |
2021 | 32 |
2022 | 25 |
Total | $246 |
What is the present value of these operating lease payments, assuming a 6% discount rate? Note: Round your final answer to the nearest whole dollar.
Select one:
a. $225 million
b. None of these are correct
c. $70 million
d. $215 million
e. $246 million
2)
When equity method accounting is used for investment, which component of ROE would always be understated?
Select one:
A. Net Profit Margin
B. Total Asset Turnover
C. Financial leverage
D. Return on Equity
E. None of the above
3)
The current year financial statements of Your Health Corporation reported sales of $142,021 million and accounts receivable of $9,731 million. If sales are projected to increase 4% next year, what is the projected accounts receivable balance for the following year?
Select one:
a. $10,191 million
b. $9,731 million
c. $8,659 million
d. $8,330 million
e. $10,120 million
4)
The 2020 financial statements of Meadowlark Corporation report that the company paid dividends of $21,825,000 to its preferred shareholders before paying dividends to its common shareholders. This practice is called:
Select one:
A. Liquidation preference
B. Treasury preference
C. Dividend preference
D. Stock ownership preference
E. None of the above
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