WEEK 7 RESEARCH PROJECT (SET #1) DeVry University Acct 429-Professor Woodard Rosa Leon TAX FILE MEMORANDUM-1st Assignment FROM: Rosa Leon SUBJECT: Tracy Meal Deduction Question Today I talked to Tracey taxpayer with respect to her question regarding the meal deductions. Tracey is a sales representative for a national pharmaceutical company. FACTS: She has a rather large sales territory‚ and she makes her rounds to her customers using acompany-owned car over a 16- to 19-hour period of
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E6-5 (Computation of Present Value) Using the appropriate interest table‚ compute the present values of the periodic amounts‚ shown on page 344‚ due at the end of the designated periods. (a) $50‚000 receivable at the end of each period for 8 periods compounded at 12%. 50‚000* 4.9676= $248‚380 (b) $50‚000 payments to be made at the end of each period for 16 periods at 9%. 50‚000* 8.3126= $415‚630 (c) $50‚000 payable at the end of the seventh‚ eighth‚ ninth‚ and tenth periods at 12%. 50‚000*
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These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 11/15/2014 Time Spent: 3 h ‚ 17 min ‚ 15 secs Points Received: 75 / 75 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 8 8 Essay 2 N/A Grade Details - All Questions Question 1. Question : (TCO B) In which of the following situations may taxpayers file as married filing jointly? (Becker CPA Review Course)
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ACCT553 Week 3 Homework - Solutions _________________________________________________________ Chapter 7 1. In your "own" words‚ please describe what a "Suspended Loss" is‚ how it is generated and when it is becomes deductible. (5 pts) Suspended losses are created when losses from passive activities exceed income from passive activities in a tax year. Those excess losses are "suspended" (i.e. disallowed and carried forward to a future date). Those losses can be deducted against future income
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ACC/541 Thomas Gurber Client Request Week 3 January 13‚ 2014 Cayce Harris Memorandum To: Supervisor CC: Client From: Cayce Harris Date: 1/13/2014 Re: Client Request As requested‚ the following information was pulled directly from the FASB’s website in regards to Direct Financing leases and Sales-Type leases from a lessors prospective. The following describes what the lessor is responsible for when entering into and obtaining each
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costs” (Book Pg 28) for Apple as it has for Proctor & Gamble. 3. Why would a company like apple invest in BPR? -A company like Apple would invest in BPR for one reason: to improve efficiency. BPR would take the way Apple currently functions‚ and mold it into the path that is truly the most effective and efficient. I personally believe that Apple is already at the top of its class‚ so BPR would do nothing but help them to grow. Chapter 3 Questions: 1. Explain why the supply chain can dramatically
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CASH BUDGET FOR CONGO LIMITED | | FEBRUARY $’000 | MARCH $’000 | APRIL $’000 | Total $’000 | Cash On Hand | 1‚800 | 3‚568 | 2‚805 | 8‚173 | | | | | | Cash Receipts | | | | | Cash Sales | 1‚850 | 1‚620 | 1‚400 | 4‚870 | Collections from CR Accounts | 13‚110 | 11‚875 | 10‚545 | 35‚530 | Total Cash Receipts | 14‚960 | 13‚495 | 11‚945 | 40‚400 | Total Cash Available | 16‚760 | 17‚063 | 14‚750 | 48‚573 | | | | | | Cash Paid Out | | | | | Purchases Resale | (7
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supposed to depreciate over time‚ right? It’s not like the 429 Boss is an Italian made vehicle‚ or any luxury-made German car. In 1969‚ the 429 Boss sold for $3529 brand new. Adjusted for inflation‚ that is about $22‚880.32 in today’s market. But they are valued between $450‚000 and $550‚000. That’s a 2‚185% increase in value‚ which is astounding for any vehicle to reach. But why an American-made muscle car? After one good look at the 1969 429 Boss‚ the numbers make more sense. The smooth curves‚
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A memorandum‚ also called a memo for short‚ is a rapid and proficient means in which management‚ employees‚ internal clients‚ and other office personnel communicate internally. The length of a memo can vary‚ depending upon the subject matter. A memorandum‚ also called a memo for short‚ is a rapid and proficient means in which management‚ employees‚ internal clients‚ and other office personnel communicate internally. There is nothing complicated about writing a memorandum. Some companies may even
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4.88 Your supervisor has asked you to compute the elasticity’s for each independent variable. Assume the following values for the independent variables: Q= Quantity demanded of 3-pack units P (in cents)= Price of the product = 500 cents per 3-pack unit PX (in cents)= Price of leading competitor’s product = 600 cents per 3-pack unit I (in dollars)= Per capita income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5‚500 A (in dollars)= Monthly advertising
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