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Question 1: Create your fictional sales projections based on what your understanding of the industry.
Question 2: Create each one of the financial statements for your business and be able to explain the numbers that you use for your industry. Make sure you include the following: Three INCOME STATEMENTS (one per quarter), Three Statement of Cash Flows (one for each Income statement), and finally one end of the year BALANCE SHEET. Your Income Statements should be able to fit on one to two pages as well as your Statement of Cash Flows. Your Balance Sheet should fit on one page.
Mary (age 33) is a single taxpayer with adjusted gross income for 2009 of $21,040. Mary maintains a home for two dependent children and has itemized deductions of $3,000. Calculate the following amounts for Mary's 2009 income tax return:
Wendell Corporation exchanged an old truck and $25, 500 cash for a new truck. The truck had a book value of $6,000 (original cost of $25,000 less S19,000).
the lotion co. which produces and sells to wholesalers summer lotions wants to now produce winter products. it will
last month when harrision creations sold 40000 units total sales was 300000 total variable expenses were 240000 and
H owns 50% of the stcok of Y corporation and has a basis for that stock of $25,000. His wife W owns the remaining 50% of the stock at a basis of $25,000. H has all his stock redeemed for its fair market value of $250,000. What is H's tax treatment..
name the four areas in which standards of ethical conduct exist for management accountants in the united states. what
The first installment was payable on application and the remaining installment was payable by 30 June 2017. Prepare the equity section of the balance sheet
Calculate the annual rate of return, Determine the cash payback period
The stock market is a forward-looking mechanism that seeks to derive an accurate estimate of the firm's discounted net present value of all future profits. One of the most difficult tasks facing stock-market investors is the accurate projection of..
What is mental accounting and how does it impact consumer decision making? How might a company take advantage of consumers' mental accounting? Give examples.
Advise the nature of the resolution to be passed, and the notice required to be given for convening a meeting of shareholders
has received all the budgets prepared by the various operating units and is ready to compile the pro-forma financial statements
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