gym membership is a non-taxable benefit. The $1‚200 personal training cost is a taxable benefit. 2. Standby charge: (%2)($101‚000)(12) (11‚000/20‚004) = $13‚329 Operating Cost Benefit – Lesser of: [($0.27)(11‚000)] = $2‚970 [(1/2)(13‚329)] = $6‚665 Gas allowance benefit: ($300)(12) = $3‚600 Payment for operating expenses: ($7‚512) 3. As her employer contributes to the plan and the contributions do not create a taxable benefit‚ the $4‚345 in benefits received will be included in her employment
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Software Associates 1. Actual Budget Actual - Budget Revenue 3‚264‚000 3‚231‚900 32‚100 Expense 2‚967‚610 2‚625‚550 342‚060 Op Profit 296‚390 606‚350 Profit % 9.1% 18.8% Budgeted Op Profit 606‚350 Revenue Var F 32‚100 0840103Expense Var U (342‚060) Actual Op Profit 296‚390 This will
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an automobile and paid the operating costs for the entire year‚ totalling $4‚250. Fasco Ltd. purchased the automobile on January 1‚ 2011‚ at a cost of $14‚000 including taxes. In 2011‚ Stoiche drove 20‚000 kilometres‚ 15‚000 of which were for personal use. In 2011‚ his wife travelled with him to Montreal when Stoiche attended a five-day seminar for engineers. Fasco Ltd. reimbursed him for the full cost of $8‚000. Of this amount‚ $1‚700 including taxes was for expenses incurred by his wife. b. Stoiche
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estimate the expenses low and the profit high it will cause problems within the business. The purpose of cash flow forecast is to help you see how much money you are going to make each month. You can also see how much is your expenses and your profit for the financial year. Cash flow tells you all the revenues that flow into the business and all the expenses flowing out of the business. Expenses in this sense refers to the total costs of doing business including operating expenses for the cutting
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Executive Summary Type of Business Nature Gran Empreza company is a retail and manufacturing company who produce the product at the same time we sell it to the market. We focus in the quality and changes of the product for the improvement and having an edge in competitors. Our Company Name Our Company name is Gran Empreza came from the Latin word which means Big Company. We use this name in different reasons such as (1) forecasting and seeing this product in bigger picture. (2) From simple
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shall disclose: Criteria | Bonia | Cheetah | Padini | a) whether it applies the fair value model or the cost model. | √ | √ | √ | b) if it applies the fair value model‚ whether‚ and in what circumstances‚ property interests held under operating leases are classified and accounted for as investment property. | √ | N/A | √ | c) when classification is difficult (see paragraph 14)‚ the criteria it uses to distinguish investment property from owner-occupied property and from property held
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efficiency ratios look weak (as the company is in investment mode)‚ we believe it will be able to deliver return ratios in line with comparable peers (SBI Life and ICICI Prudential). HDFC Life: ‘Need-based sales’ focus to continue With persistency and operating risks spiralling‚ following new product guidelines‚ most insurers have adopted a conservative stance and have cut costs and adjusted product mix to contain risks. However‚ HDFC Life has maintained its focus on ’need-based sales’‚ in order to maintain
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A SAMPLE BUSINESS PLAN | A well-written business plan is a crucial ingredient in preparing for business success. Without a sound business plan‚ a firm merely drifts along without any real direction. Yet‚ entrepreneurs‚ who tend to be people of action‚ too often jump right into a business venture without taking time to prepare a written plan outlining the essence of the business.You should begin by writing down the answer to the very basic question‚ "What business am I in?" This may sound elementary
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Alibaba.com Limited Annual Report 2011 MANAGEMENT DISCUSSION AND ANALYSIS WE ARE CONFIDENT THAT THE SHIFT AWAY FROM AGGRESSIVE MEMBERSHIP ACQUISITION TO FOCUS ON STRENGTHENING BUYER’S TRUST ON ALIBABA.COM WILL BENEFIT OUR CUSTOMERS AND OUR LONG-TERM BUSINESS GROWTH. BUSINESS ENVIRONMENT The global economy was sluggish in 2011 due to lackluster economic conditions in the major developed markets. Downside risks have been increasing as the Euro zone crisis unfolds without solution
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Sponsors: 6 million Luxury Suites: 1 million Operating Expenses: 15 million (expected) EBIT: 5 million Earning Before tax: (5million – 4.7million) = 0.3 million Net income (assuming 40% tax) = 0.18million Profit Margin (Net Income/ Sales) = 0.9% With Operating expensed of 15 milion ‚ profit margin of 0.9% is very low. It’s doesn’t seems very lucrative to the investors. Therefore‚ in order to it to more profitable‚ the operating expense can be reduced from 15 million (expected) to
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