Homework answers / question archive / 1)Amal combination lock on a suitcase has 4 wheels, each weed with the 10 dit from it aspering combination is a prince of 4 digits with repeats, what is the probability of a person in the

1)Amal combination lock on a suitcase has 4 wheels, each weed with the 10 dit from it aspering combination is a prince of 4 digits with repeats, what is the probability of a person in the

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1)Amal combination lock on a suitcase has 4 wheels, each weed with the 10 dit from it aspering combination is a prince of 4 digits with repeats, what is the probability of a person in the.

2)Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company can offer competitive prices due to volume buying and requires an interest rate implicit in the lease that is one percent below alternate methods of financing. On September 30, 2021, the company leased a delivery truck to a local florist, Anything Grows. The fiscal year for both companies ends December 31. The lease agreement specified quarterly payments of $4,500 beginning September 30, 2021, the beginning of the lease, and each quarter (December 31, March 31, and June 30) through June 30, 2024 (three-year lease term). The florist had the option to purchase the truck on September 29, 2023, for $9,000 when it was expected to have a residual value of $11,500. The estimated useful life of the truck is four years. Mid-South Auto Leasing's quarterly interest rate for determining payments was 2% (approximately 8% annually). Mid-South paid $35,000 for the truck. Both companies use straight-line depreciation or amortization. Anything Grows' incremental interest rate is 8%. Hint: A lease term ends for accounting purposes when an option becomes exercisable if it's expected to be exercised (i.e., a BPO). (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
4.Prepare the appropriate entries for Anything Grows and Mid-South Auto Leasing on December 31, 2021. 5. Prepare the appropriate entries for Anything Grows and Mid-South on September 29, 2023, assuming the purchase option was exercised on that date.