is self-employed; he may want to look into investing in a retirement plan to reduce the taxable amount < good! . Under Code§219(f)(3)‚ John would be able to establish a retirement program and receive a tax deduction each year of $10‚000 < where did you
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E 6-5 (Computation of Present Value) Present value of an ordinary annuity = R (PVF -) a) Present value of an ordinary annuity = $30‚000 (PVF -) = $30‚000 (4.96764) = $149‚029.20 b) Present value of an ordinary annuity = $30‚000 (PVF -) = $30‚000 (8.31256) = $249
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Week 6 Excel PF008 A14 Introduction to Spreadsheets A spreadsheet is an electronic file that contains a grid of columns and rows used to organize related data and perform calculations. Excel is a spreadsheet program used to create and modify electronic spreadsheets. An electronic spreadsheet makes data-entry changes easy‚ and if the formulas are correctly constructed‚ the results recalculate automatically and accurately. A worksheet is a single spreadsheet that typically contains descriptive
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Business Associate Contract John Guillory MIS565 Healthcare Security & Privacy Professor Joseph Woodside April 5‚ 2015 Overview of Health Insurance Portability Accountability Act (HIPAA) Privacy Rule The HIPAA privacy rule is a basic threshold promulgated by the US Department of Health and Human services (HHS) for the protection of health information and it applies to three sets of organizations‚ usually referred to as “covered entities” (US Dept. Health and Human Services). On April 5‚ 2015
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During these troubled times it is important to evaluate all possible economic strategies in order to apply the appropriate remedy which will alleviate our current economic ailments. We need to take the appropriate measures that will deal with specific problems such as the current recession‚ the unemployment rate and to create a stable inflation rate. After thorough consultation with colleges it is my opinion that the appropriate response during this economic downturn is to take an expansionary
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else facing client switching their business to competitors in a short period of time. Q2 What are the drivers of the average profitability of the ODM industry? The average profitability of the ODM industry is low which only ranging from 1% to 6%. The main reason for this is mainly driven by customer bargain power and high competition. In order to lead the industry‚ companies need to lower their cost. Consequently‚ it reduce the reliance on a single partnership as there are 5 leading ODM and
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TO: John Smith Esq‚ & Jane Smith FROM: NearLakes City CPA RE: Smith tax issues Facts John Smith is a Lawyer that just won a two year lawsuit and collected fees of $300‚000 paid to his firm along with the $25‚000 for recovery of expenses that was paid up front. John is thinking about purchasing his office building that he is currently leasing at $3‚500 per month. Jane Smith wishes to payoff and sell current home and purchase a new one. She uses her primary vehicle to transport handcrafted
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Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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end of each year. Brubaker Inc. has no aversion to being a landlord. 6‚000*7.8431 = 47‚058.60 Cash purchase price ……………………..650‚000 PV of rental income…………….………(47‚058.60) Net PV …………………………….…….602‚941.40 Instructions In which building would you recommend that Brubaker Inc. locate‚ assuming a 12% cost of funds? Building C because it PV is the smallest E7-2 (Determine Cash Balance) Presented below are a number of independent situations. Instructions For each individual situation‚ determine
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P6-3. Identifying components of earnings Requirement 1: a) Permanent earnings is the reported earnings component that is value-relevant. Permanent earnings are those earnings that are expected to continue into the future. This component roughly corresponds to income from continuing operations as reported in the income statement. b) Transitory earnings is the earnings component that is value-relevant‚ but not expected to persist into the future. This component roughly corresponds
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