three months of expenses. 2) Annual Expenses Budget The following table corresponds to the projected expenses in a year. The costs are: * Advertising‚ * Local Rental (space for production)‚ * Electricity‚ * Water * Communication( telephone ‚ mobile) * Raw materials‚ * Wages * Car Rental * Other expenses (cleaning materials‚ repairs‚ security‚ etc.) We decided to hire two or three people‚ especially students‚ who can be flexible and bring energy and creativity
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costs of using market-supplied resources. Explicit Costs | | Cost of Products and Services | $355‚000 | Selling Expenses | $155‚000 | Administrative Expenses | $45‚000 | Interest Expense | $45‚000 | Legal Expenses | $28‚000 | Income Taxes | $165‚000 | Total Explicit Costs | $793‚000 | § Implicit costs are non-monetary costs of using owner-supplied resources. Implicit Costs | | Forgone Salary | $175‚000 | Forgone Return on Investment (15%) | $15‚000 | Total Implicit
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VALUE ADDED TAX What is Value Added Tax (VAT)? It is a tax on consumption levied on the sale‚ barter‚ exchange‚ or lease of goods or services in the Philippines and on the importation of goods into the Philippines. It is an indirect tax‚ as provided in Section 105 of the NIRC. It is an indirect tax meaning the amount of tax may be shifted on the buyer‚ transferee or lessee of the goods‚ property‚ or services. The Code provides that the tax may be shifted to the consumer‚ most if not at all
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Winex Company Business Plan Dolores‚ City of San Fernando Pampanga Post Code: 2021 Tel No.: (044)-463-6677 Fax: (02) 897-8425 Mobile: 0916-191-0592 Email: winexco@yahoo.com Website: www.winex.net.ph CONTENTS Page 1. Summary 3 2. Business Overview 4 Introduction 4 Current Position 4 Competitive Advantage 6 Growth Plan 6 3. Business Strategy 7 Tactics
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Reforms and Intergovernmental Considerations in India Satya Poddar and Ehtisham Ahmad* Content 1. 2. Introduction................................................................................................................. 3 The Current Taxes and Their Shortcomings ............................................................... 4 A. Taxation at Manufacturing Level............................................................................ 5 B. Exclusion of Services...................
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When doing this the Cash Flow before Financing becomes $434‚000 (a $10‚000 increase from the revised set-up).1 The capitalization rate then changes to 10.35%‚ which is slightly higher than revised set-up. With this new reserve‚ the Cash Flow after Taxes doesn’t change (still a 13.2% cash on cash return)2. Even though Lunsford is more concerned about the Cash on Cash return as a private investor‚ a higher Cash Flow before Financing offers more cushion and comfort. Companies use cash flow financing
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out loans‚ and mortgages because they live in a certain area deemed as poor or as a finical risk‚ caused a lot of black families to buy houses on contracts. And With these contracts real estate speculators were able to charge high rental taxes. When it came to lights‚ taxes‚ gas‚ and something being broken the tenants had to fix and pay for it. If the tenates missed one month without paying they could easily be put out. If the tenate was kicked out‚ the owner would then move in another lost black family
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ACCT201/EXERCISE QUESTION 4/CH.3 Question DMD.‚ opened a dental clinic on August 1‚ 2007. The business transactions for August are shown below: |Aug 1 |Dr. Cravati invested $280‚000 cash in the business in exchange for 1‚000 shares of capital stock. | |Aug 1 |Rented an office and paid 3-month rent in advance‚ $2‚000 | |Aug 4 |Land and building were purchased for $400‚000. Of this amount‚ $60‚000
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the end of this test. No Exception] 1. Based on the following data‚ would you recommend buying or renting? |Rental Costs |Buying Costs | |Annual rent‚ $7‚380 |Annual mortgage payments‚ $9‚800 ($9‚575 is interest) | |Insurance‚ $145 |Property taxes‚ $1‚780 | |Security deposit‚ $650 |Insurance/maintenance‚ $1
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Form 1065 For calendar year 2011‚ or tax year beginning Department of the Treasury Internal Revenue Service A OMB No. 1545-0099 U.S. Return of Partnership Income ‚ ending . See separate instructions. Principal business activity Name of partnership D Employer identification number ROCK the Ages‚ LLC. B Principal product or service C Business code number Print or type. 711410 55-5555555 Number‚ street‚ and room or suite no. If a P.O. box‚ see the instructions. E Date business started
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