shareholders during the year 2-7 Corporate Tax Liability The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges of $50‚000‚ (2) dividends received of $15‚000‚ (3) dividends paid of $25‚000‚ and (4) income taxes. What are the firm’s income tax liability and its after-tax income? What are the company’s marginal and average tax rates on table income? Income 365‚000 LESS: Interest Charges (50‚000)
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in the vendor master file. c. (3) expand testing of automated application controls used to reduce control risk to cover greater portions of the fiscal year under audit. d. (3) The sales system automatically computes the total sale amount and posts the total to the sales journal master file. 12-18 a. (1) A system that performs relatively uncomplicated processes and produces detailed output. b. (3) completeness of sales transactions. c. (3) completeness of input. d. (3) procedures contained within the
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revenue in the period in which we earn it. | | | 2. | | Discuss the major principle that describes recording expenses.The matching principle states that we recognize expenses in the same period as the revenues they help to generate. | | LO1 | 3. | | Samantha is a first-year accounting student. She doesn’t think it matters that expenses are reported in the same period’s income statement with the related revenues (matching principle). She feels that “as long as revenues and expenses are recorded
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Chapter 8 Problem 6 The following are the historic returns for the Chelle Computer Company: Year Chelle Computer General Index Year chelle computer general index 1 37 15 2 9 13 3 -11 14 4 8 -9 5 11 12 6 4 9 Based on this information‚ compute the following: a. The correlation coefficient between Chelle Computer and the General Index. Answer : r= .1305 b. The standard deviation for the company and the index
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the premises should be laid in an indictment is not the title‚ but the occupancy or possession at the time the offense was committed. A person “enters or remains unlawfully” in or upon premises when he is not licensed‚ invited or privileged to do so. 3. Are there other relationships that should also hold special legal status‚ as the establish privileges similar to those of legal spouses at issue in this case? What challenges are involved in enforcing such privileges? The other relationships that
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$150‚000 = $150‚000 Average markup percentage = 150‚000/150‚000 x 100 = 100% Instructor Explanation: $60‚000 + $40‚000 + $30‚000 + $20‚000 = $150‚000 ($300‚000 - $150‚000) / $150‚000 = 100% Points Received: 5 of 5 Comments: Question 3. Question : Related to Problem 1‚ compute the average markup percentage for setting prices as a percentage of the variable manufacturing costs. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40‚000 Factory overhead-variable
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Week 3: Process Analysis and Production Processes - Class Discussion Discussion The purpose of this discussion board is to provide you with a forum to discuss your newly discovered production and operations management concepts in light of current issues and real world situations with others in the class. In essence‚ it is a practice ground for ensuring that your reasoning and foundation of these concepts are secure. This portion of the course requires you to interact with your fellow classmates
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Keith Miller IS3110 Week 3 Risk Mitigation Plans 1. Why is it important to prioritize your IT infrastructure risks‚ threats‚ and vulnerabilities? It is important to prioritize because you must be aware of what the risks‚ threats‚ and vulnerabilities are to your infrastructure so that you know where the most attention is needed to make the 2. A quality IT Risk Mitigation Plan will include details on costs‚ risk prioritization‚ and accompanying schedule. For risk prioritization‚ what
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Homework Week 4 1. Section 3.1‚ Exercise #14‚ p. 125 Finding Probabilities consider a company that selects employees for random drug tests. The company uses a computer to select randomly employee numbers that range from 1 to 6296. Find the probability of selecting a number greater than 1000. P(E) = Number of outcomes in E / Total number of Outcomes in sample space Number of outcomes in E = 6296 – 100 = 5296 The probability = P(E) = 5296 / 6296 =
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COMP122 Week 2 Homework Complete the following problems. 1. Suppose you are given the following variable declarations: int x‚ y; char ch; What values (if any) are assigned to x‚ y‚ and ch after each of these statements execute? Assume that the input to each statement is the same: 5 28 36 a. cin >> x >> y >> ch; b. cin >> ch >> x >> y; c. cin >> x >> ch >> y; d. cin >> x >> y; cin.get(ch); a) x=5‚ y=28‚ch=3 b)) x = 28‚ y = 36‚ ch = 5 c) x = 5‚ y = 8
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