Total taxes due = = 11‚750 $179‚112 x x x .15 .25 .34 = = = $7‚500 6‚250 153‚612 $3‚000‚000 (2‚100‚000) $900‚000 $6‚000 (4‚200) 1‚800 (400‚000) $50‚000 (45‚000) 5‚000 $100‚000 (80‚000) 20‚000 $526‚800 1 1-2. L. B. Menielle‚ Inc.—Corporate Income Tax Sales Cost of Goods Sold Gross Profits Operating Expenses Operating Profits Interest Income Dividend Income Less 70% Exclusion Interest Expense Taxable Ordinary Income Capital Gains and Losses Long-Term Gain (Loss) Short-Term Gain
Premium Tax Depreciation Taxation
and contrast marginal (or variable)‚ throughput and absorption accounting methods in respect of profit reporting and stock valuation; (b) discuss a report which reconciles budget and actual profit using absorption and/or marginal costing principles; (c) discuss activity-based costing as compared with traditional marginal and absorption costing methods‚ including its relative advantages and disadvantages as a system of cost accounting; disadvantages as a system of cost accounting;
Premium Cash flow Cost accounting Cost
FINANCE 2 ASSINGMENT 2011-2012 Nikesh Hindocha (10044607) Part A. Introduction As part of my assignment‚ I have been asked to discuss the following statement “Mergers and acquisitions can be value destroyers or value creators”. A merger can be defined as when two equal businesses in terms of profit margin and status‚ combine in order to become one legal entity. Initially‚ the fundamental reason for this merge is to produce a company that is worth more than the sum of its parts
Premium Mergers and acquisitions
1. What major requirements do client expect from their portfolio managers? We have two major requirements of a Portfolio Manager: 1. The ability to derive above average returns for a given risk class (large risk-adjusted returns); and 2. The ability to completely diversify the portfolio to eliminate all unsystematic risk. The client expect from their portfolio managers are to help them manage their money in less time. Most of the client requires a portfolio manager who can preserve
Premium Investment
CHAPTER 3 How to Calculate Present Values Answers to Practice Questions 1. a. PV = $100 0.905 = $90.50 b. PV = $100 0.295 = $29.50 c. PV = $100 0.035 = $ 3.50 d. PV = $100 0.893 = $89.30 PV = $100 0.797 = $79.70 PV = $100 0.712 = $71.20 PV = $89.30 + $79.70 + $71.20 = $240.20 2. a. PV = $100 4.279 = $427.90 b. PV = $100 4.580 = $458.00 c. We can think of cash flows in this problem as being the difference between two separate streams
Premium Time value of money Net present value Cash flow
number of DBA’s 10 Annual savings for firm per year (unburdened) 10*$14‚102 $141‚020 Annual savings for firm per year (burdened) 10*$18‚758 $187‚580 2. Precise SQL also helps with respect to deferral of hardware replacement decision. Answer the following questions on hardware deferral What is the probability of postponing hardware purchase for a year? Hint (a year has 12 months or four 3-month periods). 3 Points Probability of postponed purchase (A) for 3 months P(A) = .6 Probability
Premium Management Strategic management Customer service
different software that they use to help manage their bookkeeping and taxes. Some of the most common names in accounting software include Peachtree and QuickBooks. Typically they are used for your larger corporations and mid sized companies. They are also used in small businesses and non-profit organizations. So is there software that caters solely to the smaller based business? Yes and that is a program called Accubooks. Accubooks 2000 accounting software is a 32-bit accounting software system
Premium Accounting software Microsoft
Managerial Statistics Distinguish between primary data and secondary data? OBJECTIVE The main objective of this topic is to measure the degree of relationship between the variables under consideration.The correlation analysis refers to the techniques used in measuring the closeness of the relationship between the variables. DEFINITION Some important definitions of correlation are given below: 1. “Correlation analysis deals with the association between two or more variables”. ---- Simpson &
Premium Pearson product-moment correlation coefficient Correlation and dependence Spearman's rank correlation coefficient
involves averaging in: Job-Order Costing Process Costing A Yes No B Yes Yes C No Yes D No No Student Answer: Choice A. Choice B. Choice C. Choice D. Instructor Explanation: Chapter 3 Points Received: 0 of 5 Comments: Question 2. Question : (TCO F) Process costing would be appropriate for each of the following except: Student Answer: custom furniture manufacturing. oil refining. grain milling. newsprint production. Instructor Explanation:
Premium Inventory Supply chain management terms Costs
Contents Table 1Introduction ………………………………………………………………………….2 2 What effect would that action have had on the profit for the first six months of 2000. 3 Should the company have reduced the price of the 100 series from $2.45 to $ 2.25..2 4 Which is Berkshire’s most profitable product line …………………………………2 5 What advice for Mr. Magers………………………………………………………3-5 6 Conclusion………………………………………………………………………..5-6 7 Reference……………………………………………………………………………6 Introduction Cost management is
Premium Management accounting Strategic management Cost accounting