Why is the rent expense of $20,000 multiplied by 5.329477? I can't figure out where this multiplier

Fantastic news! We've Found the answer you've been seeking!

Question:

Why is the rent expense of $20,000 multiplied by 5.329477? I can't figure out where this multiplier came from. In the given scenario, there were 6 ovens leased for a 6 year period at a 5% interest rate.

Related Book For answer-question

The law of marketing

ISBN: 978-1439079249

2nd Edition

Authors: Lynda J. Oswald

See More Books

Posted Date: Apr 18, 2023 12:59 AM

See More Questions

Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
In Exercises identify the open intervals on which the function is increasing or decreasing. f(x) = sinx + sin x, 0 < x < 2
The center-to-center distance between Earth and Moon is 384 400 km. The Moon completes an orbit in 27.3 days. (a) Determine the Moons orbital speed. (b) If gravity were switched off, the Moon would...
Write a recursive method to return the number of uppercase letters in a string. Write a test program that prompts the user to enter a string and displays the number of uppercase letters in the string.
Name countries which have creditor-friendly bankruptcy procedures.
The Public Safety office at Millennium College maintains a list of parking tickets issued to vehicles parked illegally on the campus. Table 4-6 shows a portion of this list for the fall semester....
Find the area of the parallelogram 4 m 10 m 5.5 m 2
what does it mean when they say "Family law agreements are binding if there is a lack of consideration, formality of signatures or witnesses, or non-involvement of a family law dispute resolution...
Suppose a spherically symmetric liquid planet of radius R is in hydrostatic equilibrium has a density profile given by p(r) = { po*(1-a*r) if r R and O if if r > R where pO > 0 and 0 a < 1 are...
What are the limitations of using EPS as a standalone measure of a company's financial performance? 9. How can investors compare the EPS of different companies within the same industry? 10. How does...
Which should the new offices be located to maximize the potential (the sum of rank scores)? 2. How much does it cost to open the new offices selected in the previous question? 3. Choose all existing...
You just bought a new luxury sports car for $125,000. Before you had time to get insurance, the car was wrecked. Weird Wally offers to take it off your hands for $10,000. You can then purchase a...
A private health care entity charges a group of uninsured patients $5 million for various services and applies implicit price concessions to this portfolio of patients. Therefore, the health care...
US Government Stories:Real, Fake, or Just Framed News by the Media? After reading the chapter section on the influences of media coverage, post your reflections on how the current media's framing of...
Yan Yan Corporation has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 12 years to maturity. The yield to maturity on this bond is 5.6 percent. What is the...
White Bolder Investments (WBI) You are an intern working for WBI, a large investment advisory services in Sydney. Among other regular customers, WBI has been providing advisory services for Jumbo...
Kathleen F. Liarikos purchased a 1984 Jaguar XJS from Pine Grove Auto Sales in 1988. She asserted that Pine Grove made various representations about the car's low mileage. In 1990, after the car had...
1. What is the difference between actual and apparent agency? What tests are used to evaluate whether each is present in a given case? 2. Is it fair to hold McDonalds Corporation liable when its...
Chung filed for a design patent for a cigarette packet that allowed the cigarettes to be pulled out of the packet lengthwise rather than by their ends. In explaining the reason for his design, Chung...
In many companies, the top management receives bonuses based upon the profits measured by the accounting system. Also, many companies believe that the stock market reacts strongly to reported...
An early accounting scholar wrote, in 1933, The central accounting issue in a corporation concerns the amount of profit available for dividends. (Littleton 1933, p. 206) A. What user group would see...
If a defined contribution pension scheme provided a pension that was 6% of salary each year, the company had a payroll cost of 5 million, and the company paid 200,000 in the year, what would be the...

Why is the rent expense of $20,000 multiplied by 5.329477? I can't figure out where this multiplier

Question:

Capital Leases $20,000.00 x 5.329477= $106589.54 Capital Lease Obligation $106589.84 Capital Leases $20,000.00 x 5.329477= $106589.54 Capital Lease Obligation $106589.84

Expert Answer:

Without additional information or context it is difficult to determine exactly why the re... View the full answer

The law of marketing

Students also viewed these accounting questions