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Given the scenario provided and having received an introduction to the players, it is your time to decide what Floyd, Harold, and Kevin should do. Their initial questions include the following.
Does the fact that McNally Motors is organized as an S corporation provide any limitations on their decisions regarding transition of ownership?What are the consequences to Floyd McNally if he sells his shares to Floyd II in a bargain sale (say 75% of the FMV)? What are the income tax consequences to Floyd? To Floyd II? What will Floyd II's basis be in the shares?
Harold wants to know if his estate will have to pay estate tax when he dies. In addition to his shares in McNally Motors, he has $3M in his 401(K) and $1M in his brokerage account. Beneficiaries of his estate are his nieces and nephews. Will his estate be liable for estate tax?
Can Kevin take a cash distribution out of McNally Motors (his two brothers taking nothing at this time) to give to his daughters to acquire the auto body shop? What are the consequences of this distribution? Will he owe gift tax if he outright gifts the cash to them? Does he have any options to minimize the gift tax?
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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