Premium Essay

Build a Bur

In: Business and Management

Submitted By ljdawg11
Words 376
Pages 2
Build-A-Bear Workshop, Inc.
a. Companies may lease assets rather than buying them because they only want the asset for a short period of time and don’t want to bear the risk of owning that asset. A company could also have difficulties trying to get approved for a loan to purchase the asset.
b. An operating lease is like a rental agreement where all of the risks and ownership stay with the lessor rather than the lessee. A lease is considered a capital lease if any of the following occur:
1) Lease life is greater than 75% of the life of the asset.
2) Transfer of ownership at the end of the lease.
3) Bargain purchase at the end of the lease.
4) PV of lease payments is greater than or equal to 90% of the FMV of the asset.
A direct financing lease is where the lessor removes the leased asset from their books and replaces it with a receivable. The only income recognized would be interest received.
A sales- type lease is a capital lease where the present value of lease payments is higher than the carrying amount of the leased asset.
c. All leases are not the same so it is important for accountants to distinguish between leases because it can have a substantial effect on the books of a company. For example, some leases get expensed while others transfer ownership and can become an asset.
d. i. This lease should be treated as a capital lease under GAAP because it does not meet any of the criteria outlined in question b. ii. Lease Expense 100,000 Cash 100,000 iii. e. i. Total Rent Expense = 45.9 mil + 0.9 mil = 46.8 mil

ii. Rent expense in this case would most likely show up in the selling, general, and administrative expense portion of the income statement.

f. i. Present Value = 219,643.12

ii. Leased Stores 219,643.12

Lease Payable 219,643.12

iii. 101,044+219643.12 = 320687.12

iv. Long-Term Obligations = 219643.12- 50651 =...

Similar Documents

Free Essay

Role of Malls in Dubai Shopping Festival

...Role of Malls in Dubai Shopping Festival Dubai Shopping Festival (DSF) takes place every winter with its mammoth array of discounts, competitions, prizes, fireworks and entertainment. DSF offers amazing shopping discounts, attracting holiday makers from around the globe keen on grabbing a bargain. Dubai Shopping Festival (DSF) started on February 15, 1996 as a retail event intended to revitalize retail trade in Dubai, United Arab Emirates. It has since been promoted as a tourist attraction. This yearly month long event is usually scheduled during the first quarter of the year, attracting about 3 million people to Dubai. It is the region’s largest and longest running shopping and entertainment extravaganza. DSF has had around 35 million visitors since 1996, who have spent close to Dh74 billion in shopping malls, airlines, hotels and entertainment outlets. In 2009 alone, visitors reached the 3.35 million mark and spent Dh9.8 billion in 32 days of the festival. During Dubai Shopping Festival, shops offer deep discounts on their merchandise, daily car raffles are drawn, and fireworks light Dubai’s night sky. Tourists from all around the world are lured not only for Dubai's tax free shopping, but also for all of the events that take place during the festival. In 2006, the festival was cancelled due to the death of Dubai's ruler, Sheikh Maktoum Bin Rashid Al Maktoum. In addition to Dubai Shopping Festival, Dubai also hosts Dubai Summer Surprises. Dubai is sometimes called the......

Words: 1723 - Pages: 7

Free Essay

Marketing Practice Framework

...marketing select an arm’s length impersonal type of contact, because an information was not gathered, contact couldn’t be personalised. Face to face contact also is not used because relationships between firm and customers are not interpersonal. The duration of exchange is discrete, but in some cases occurred over time. In this type of marketing the aim is to make the customer to buy at least once, but it is still possible that customer will buy product or use service again. Formality of exchange is very high. Managerial intent only is to attract customers, not retention of the customers. In general, from different points Transaction marketing is a practice where the main aim is to motivate customers to buy a product, it is not aimed to build any kind of close relationships between...

Words: 1062 - Pages: 5

Premium Essay

Karate

...RDG099 Prof. Mitchell Lucy Bergin Karate “Karate aims to build character, improve human behavior, and cultivate modesty; it does not however, guarantee it.” — Yasuhiro Konishi When I started karate, it was like I found my inner Mr Miagi. I felt like I was supposed to do it, and that it was made for me. Even though I just recently started, I have learned so much and have gained a lot of knowledge. Karate is unique because it does not only exercise the body, bur promotes health to the mind and soul. Karate teaches the athlete self-defense, and great reflexes. The student does not have to be psychically fit in order to join, and is able to work at ones own pace. Karate teaches self confidence, team work, self-esteem, and morals. In this world, self defense is unfortunately a skill we need to learn. Karate teaches how to defend yourself, while also teaching how to be calm in a stressful situation. Self-control can help in social situations, and it helps with self confidence. Many sports are just comprised of practices and games. Karate teaches in levels, making the student constantly become involved. This helps keep students off the streets and away from drugs and violence. It also helps the student become more aware of their surroundings and the people around them. Karate isn’t just about being able to take someone down, though that is an important part. Its about learning respect and knowing when to use your knowledge for good instead of bad. There is more than one person...

Words: 656 - Pages: 3

Free Essay

Economic English-Romanian Dictionary

...A abandon s.n. 1. {de drepturî) (dr.) desertion/renunciation of rights 2. (a/ navei, al încărcăturiî) (mar.) abandonment 3. (retragerea dintr-o operaţiune cu primâ contra cedării unei prime) {bur.) abandon ~ pe mare rea - abandon in heavy sea abandona v.t. 1. (drepttiri, pretenţii) to relinquish, to waive 2. (nava, încarcătura etc.) to abandon, to leave abandonare s.f. 1. (de drepturi, pretenţii) relinquishment 2. abandonment, abandoning ~ a navei - (de întregul echipqf, când nava nu mai poate fi salvaîa) abandonment of ship ~ a postului - dereliction ofduty ~ a produsului - (a prodncerii şi a comercializăru acestuia) product abandonment/elimination ~ a unui bun - (asig. mar.) dereliction abandonat adj. {asig. mar.) abandoned, derelict ~ temporar - temporarily abandoned abata v.t. (a exploata un zâcâmdnî} to work abataj s.f. 1. (loc) coal-face. stope, workings 2. (acţiune') mining. cutting, hewing 3. (al arborilor) felling 4. (al vitelor) slaughter abate v.t. 1. (din drnm) to turn oft7 aside/away, to divert, to deviate: to sheer, to v.'ander, 10 escape 2. (mar.} to steer off 3. (a/'boti) to fcll v.r. {de la} (dr.) to iniriiige, to vioîaie, to transgress abatere s.f. 1. tuming off/away, diverting, deviation 2. (dr.) infringe-ment, violation, transgression; trespass(ing) 3. {de la regulă) exception ~ de la datorie - breach ofduty ~ din drum - (niar.) deviation ~ disciplinară - misbehaviour, infraction ofdiscipline ~ medie - mean deviation ~ standard (concept statistic care......

Words: 33779 - Pages: 136

Premium Essay

Unbroken Quotes

...Retired track and field athlete and three-time Olympic champion Gail Devers once said, “Sometimes we fall, sometimes we stumble, but we can’t stay down. We can’t allow life to beat us down. Everything happens for a reason, and it builds character in us, and it tells us what we are about and how strong we really are when we didn’t think we could be that strong.” In the biography Unbroken by Laura Hillenbrand, Louis portrays what this quote expresses with his determination to never give up, even in a time of major crisis. In the beginning of Hillenbrand’s book, she described Louie as a delinquent child. He stole from others in his free time; however, he often gave anything he stole away, hinting that Louie might not be all that others claimed:...

Words: 768 - Pages: 4

Free Essay

Capital Mortgagen Surance Corporation

...Ca;e 1 ( C a p i t a lM o r t g a g en s u r a n c e o r p o r a t i o nA ) I C Frank Randall hung up the telephone.leanedacrosshis desk, a¡d fixed a cold slafe ai Jim Dolan. OK, Jir¡. Theyve ¡greed a neeridg. ve gorthee daysto resolve thing. ro We Lhis The quefionis. rh¡I ¡Fpro¡ch should take? we How do we getthe¡rLo ¡c.ept oü ottcr? Randall, presidentof Crpital Mo¡tgage lnsunnce Coryoration(CMI). had called Dolan,his senlorvice!ürsidentmd treasürcr, his oltice Io help hn¡ plnu theirs¡ategy into lbrcor¡pleting the ¿cquisilion Co.poüte T.a¡sfef SeNices(CTS).Thetwo menhad beof gu¡ i¡fomr¡l discustions üith the pdncip¡l stockholders olthe small enployeerelocation sefr'ices companysomefoul.monthseadief.Now, in lateMiy 1979,they weredeveloping the lerms ofa formal purchaseoffer anciplotting theif saaiegy lbf the fi¡al negotiations. The acqüisition,ifconsummated,woulclbe the first in CMI s history.FulthemoLe, it rep¡esented significantdepa.türefrom the company\ pr€sentblrsiness. ¿ Randalland Dohn knew that the ácquisitioncoüld havemaFf implic¡tions, bothfor themseLves and for the conpary they had rcviialized overthe pas¡sevefalyea$. JimDola¡ ignoredFrankRandall\ iúe¡se look and gazedout the eighth-tloorwindow overlookingPlrilAdeLphia's Inde!endenceSqLr¡re. question, We Thr¡fsnotaneasy Frank. knowtlley'Iestill looki¡g for a lor morcmotrey thir wete thi¡kingabour. thal.rhei¡urpartne¡s hLrve theirowndiir¡enccs,r¡d we Bu!bcyond wh¡t lhey'recxpe.(i¡g S0 lguesswe'dhettef thiso¡re......

Words: 2734 - Pages: 11

Premium Essay

Business Plan

...Business Plan Cover Sheet | Student Name: Twinkle lakhani Student ID: H00232405 Company Name: Pedal all the way (PATW) Course: C17EC Tutorial Group: Tutorial 8 I confirm that the work submitted is my own or that it reflects my contribution to a group submission. The submission is expressed in my own/the group’s words. Any uses made within this work of the writing of other authors or of any existing source is properly acknowledged, and a list of references used is included. The University Ethical Code of Practice and the Schools’ guidelines on plagiarism as contained within the SML handbook have been understood and followed.Student Signature(s): …………………………………………….Date: …………………………………………… | BUSINESS PLAN : PEDAL ALL THE WAY PEDAL ALL THE WAY ON PATH TO ALL DESTINATIONS PEDAL ALL THE WAY ON PATH TO ALL DESTINATIONS 2016 TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 4 2. COMPANY OVERVIEW 4 3. PRODUCT AND/OR SERVICE 5 4. MARKET AND INDUSTRY ANALYSIS 6 5. MARKETING PLAN 7 6. OPERATIONS PLAN 9 7...

Words: 3943 - Pages: 16

Premium Essay

Can You Do This and What Is the Product That You Will Choose

...I have a paper that I need help with. Here is what I need 10 pages on a product that I need to sell. Can you do this and what is the product that you will choose The objective of this assignment is to gain experience applying the interactive selling process by planning for and preparing a formal sales presentation to meet the needs of a customer. This assignment will help you to apply and integrate all of the Terminal Course Objectives for Marketing 420 Salesmanship. Guidelines Back to Top Your completed assignment will be a formal sales presentation that will be written up in a paper of approximately 10 to 12 pages in length (this would be roughly 1 page per area included in the report), 10 point font, double-spaced. You will select the topic, which will include deciding on the product or service that you are selling and describing your customer scenario. The submitted assignment should include a cover page, table of contents, introduction, body, summary or conclusion and works cited. Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still very important. If you access other sources, such as websites or publications to prepare the assignment, then these should be listed on the last page titled "Works Cited". At the very minimum, the text and online course resources should be cited. All DeVry University policies are in effect including the plagiarism policy. Final presentations are due......

Words: 1283 - Pages: 6

Premium Essay

Masada

...Masada Ian Binford Instructor: Lane E. Olson, Ph.D Wayland Baptist University RLGN 1302 April, 2015 Disclaimer "I certify that I am the author of this work and any assistance I received in its preparation is fully acknowledged. I have cited any sources from which I used data, ideas, or words, either quoted or paraphrased. I also certify that this work was prepared specifically by me for this course" Ian Binford __________________________ The Beginnings of the Jewish Revolt The Romans first conquered and occupied Judea around 63 BCE, and slowly over time, their rule became more and more difficult either to handle, deal with, or by taxes. Judea was governed by Roman Procurators and their job was mainly to collect and deliver the annual taxes for the empire. Often, more than what was required for the empire was collect, to which, the Procurators would be able to keep as their own, so often, Procurators would institute ridiculous taxes such as confiscatory taxes. Rome also took over the appointment of the High Priests, the High Priests that were supposed to represent the Jews before God but would normally side with Rome and its decisions or ideals. Exasperating the Jews, in the year 39, Roman Emperor Caligula declared himself a god, then he ordered a statue of himself put in every temple in the empire. The Jewish people alone refused this order citing that they would not defile God's temple with a pagan god. When Caligula found out about this, he......

Words: 1686 - Pages: 7

Free Essay

Health Campaign Ii

...Public Health Campaign II Nicole Jones HCS 535 Concepts of Population Health Becky Brown July 15, 2012 Running Head: Public Health Campaign II Healthy People 2010 are a science based 10 year national objective for improving the health of Americans. Healthy People 2010 have developed benchmarks that encourage collaboration across communities, empowered individuals toward making informed decisions and the measurement of the impact of prevention activities. Healthy People 2010 focus on various illnesses such as: obesity, diabetes, and cardiovascular disease. The goal of Healthy People 2010 is to increase the quality of life, the years of a healthy life, and to eliminate health disparities amongst different groups in the population. Diabetes is a specific issue that is affecting 23.6 million children and adults or 7.8% of the population. Description of the target population Diabetes is a disorder where a person’s body cannot produce or respond to insulin. Insulin is a hormone that the body uses to absorb and use glucose as fuel for the cells in the body. Diabetes Mellitus is the 7th leading cause of death in the United States. Diabetes Mellitus can lower the life expectancy by up to 15 years and is the leading cause of kidney failure, lower limb amputations and adult onset blindness. In 2007 Diabetes Mellitus cost the citizens of the United States $174 billion dollars including the cost of treatments, disability, and premature death. ...

Words: 1902 - Pages: 8

Free Essay

Mcdonalds in India

...in the northern a nd western parr of India (Exhibit 1). 1 While McDonald 's opened 34 restaura nts in five years (by 2001 ), 58 restaurants in eight yea rs (by 2004), it is now pla nning to add more than 90 new restaurants in the next three years. 2 Although the initial scenes of crowds lining up for days outside the M cDonald 's res taurants in Delhi and Mumbai are no longer seen, Indian consumer response to McDonald's products still remains very strong. The ten McDonald's I visited in Mumbai and Delhi were pac ked with young people, children , and yo ung p a renrs enjoying ice c reams, sp icy potato wedges (instead of the usual frenc h fries), and Happy M ea ls. The growth of M cDonald's in India is not as rapid as in China (Exhibit 4) . Bur irs growth is nevertheless impressive . How did McDo nald's d o it? How d id a hamburger cha in becom e so promi nent in a cultural z.one dominated by non-beef, non-pork, vegetarian, and regional foods such as chofa bhatura, kababs, bhaji, samosa, dosa, vada, sam bar, bhefpuri, and rice? The answer to this question lies in McDonald's carefully pla nned entry and expansio n strategy in accordance with I ndia's c hanging political, economic, and culw ral landscape in the 1990s. The Indian Food Service Industry With more than ftve thousand e thnic co mmunities represenred , India has a very diverse population....

Words: 14472 - Pages: 58

Free Essay

Fdsa

...aural, oral 16. away, aweigh 17. awe, oar, or, ore 18. axel, axle 19. aye, eye, I 20. bail, bale 21. bait, bate 22. baize, bays 23. bald, bawled 24. ball, bawl 25. band, banned 26. bard, barred 27. bare, bear 28. bark, barque 29. baron, barren 30. base, bass 31. bay, bey 32. bazaar, bizarre 33. be, bee 34. beach, beech 35. bean, been 36. beat, beet 37. beau, bow 38. beer, bier 39. bel, bell, belle 40. berry, bury 41. berth, birth 42. bight, bite, byte 43. billed, build 44. bitten, bittern 45. blew, blue 46. bloc, block 47. boar, bore 48. board, bored 49. boarder, border 50. bold, bowled 51. boos, booze 52. born, borne 53. bough, bow 54. boy, buoy 55. brae, bray 56. braid, brayed 57. braise, brays, braze 58. brake, break 59. bread, bred 60. brews, bruise 61. bridal, bridle 62. broach, brooch 63. bur, burr 64. but, butt 65. buy, by, bye 66. buyer, byre 67. calendar, calender 68. call, caul 69. canvas, canvass 70. cast, caste 71. caster, castor 72. caught, court 73. caw, core, corps 74. cede, seed 75. ceiling, sealing 76. cell, sell 77. censer, censor, sensor 78. cent, scent, sent 79. cereal, serial 80. cheap, cheep 81. check, cheque 82. choir, quire 83. chord, cord 84. cite, sight, site 85. clack, claque 86. clew, clue 87. climb, clime 88. close, cloze 89.......

Words: 1395 - Pages: 6

Free Essay

Root Lists of Words

... | |13 |Anthrop |man (anthropology) | |14 |Anti, ant |against, opposite (antivirus) | |15 |Auc, aug, aut |originate, increase (augment) | |16 |Aud |hear (audio) | |17 |Auto |self ( autocracy) | |18 |Belli, bell |war (bellicose) | |19 |Bene, ben |good (benefactor) | |20 |Bi |two (binary) | |21 |Bibilo |book (bibliophile) | |22 |Bio |life (biology) | |23 |Brev |short (brevity) | |24 |Burs |money, purse (bursar) | |25 |Cad, cas, cid |happen, fall (accident, cascade) | |26 |Cap, cip |head (capstone) | |27 |Carn...

Words: 1329 - Pages: 6

Free Essay

Biomimicry

...As a result of 3.8 billion years of “research and development” (evolution), nature provides a set of design blueprints that may be used to guide us to create elegant, sustainable, and innovative designs for human technologies (Benyus 1997). The field of biomimicry analyzes nature‟s best ideas and adapts them for human use (Benyus 1997). The built environment could benefit from the integration of a discipline such as biomimicry into the design process. In 1997, Janine Benyus published a revolutionary book called Biomimicry. The word Biomimicry is derived from two Greek words: bios which means life, and mimesis which means to imitate. In her treatise, Benyus describes “a new science that studies nature‟s models and then imitates or takes inspiration from these designs and processes to solve human problems, e.g. a solar cell inspired by a leaf.” (Benyus, 1997). t is said that the need is the mother of invention . People have been inventing whole of their lives to accommodate their requirements. This paper will discuss how men approached to some of their development and what roles did nature and some of its designs play to inspire inventors. The paper will go farther than this to look up at a new scientific method that imitate natural superior system to improve humans' life. It will concentrate mainly on the advancements of communication systems due to researches on this science which is called Biomimetics. Finally it will try to identify any existing similar natural and......

Words: 2649 - Pages: 11

Premium Essay

Cga Practice Exam Fa4

...CGA-CANADA FINANCIAL ACCOUNTING 4 EXAMINATION December 2005 Marks Time: 4 Hours Notes: 1. 2. 3. 4. 5. 6. 7. All calculations must be shown in an orderly manner to obtain part marks. Round all calculations to the nearest dollar. Narratives for journal entries are not required unless specifically requested. Assume a December 31 fiscal year-end unless specifically stated otherwise. Assume all amounts are material unless directed otherwise. Assume all companies are public companies unless otherwise noted. Assume no companies use differential reporting unless otherwise noted. 30 Question 1 Select the best answer for each of the following unrelated items. Answer each of these items in your examination booklet by giving the number of your choice. For example, if the best answer for item (a) is (1), write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will not be marked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations. Note: 2 marks each Note: Use the following information to answer parts (a) and (b). On December 31, 2004, CHL Inc. purchased 70% of the common shares of WAC for $700,000. On the date of acquisition, WAC’s shareholders’ equity was as follows: Preferred shares, 6%, cumulative with 3 years in arrears, callable at 102 Common shares, no par value, 20,000 shares outstanding Retained earnings Total $ 200,000 100,000 300,000 $ 600,000 Any purchase price discrepancy is......

Words: 7066 - Pages: 29