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Question - Kmmy Limited bought a new machine on January 1, 2019 for a total of $23million. The machine is expected to be functional for ten years and is depreciated on straight line basis. Said asset qualities for capital allowances at a rate of $12.5% annually on a straight line basis in accordance with the local tax lesgistration.
During 2020, the company made a provision amounting to$ 12.5million for on going lawsuit as the company is highly likely to be found guilty of the offence in question. The aforementioned amount is not deemed an allowable deduction by the tax authorities for the 2020 year of assessment.
Local tax rate currently at 24%.
Required - Determine the company's deferred tax balance for the year ended December 31, 2020, showing the supporting workings.
Assuming there was no opening deferred tax balance, explain how figure derived for part (a) would be accounted for in the statement of profit or loss and the statement of financial position.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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