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During the year just ended, Shering Distributors, Inc. had pretax earnings from operations of $490,000. In addition, during that year it received $20,000 in income from interest on bonds it held in Zig Manufacturing and received $20,000 in income from dividends on its 5% common stock holding in Tank Industries, Inc. Shering is in the 40% tax bracket and is eligible for a 70% dividend exclusion on its Tank Industries stock. c. Find the tax and the after-tax amount attributable to the dividend income from the Tank Industries, Inc., common stock.d. Compare, contrast, and discuss the after-tax amounts resulting from the interest income and dividend income calculated in parts b and c. e. What is the firm's total tax liability for the year?
Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
horton corporation has two operating divisions a and b. the following information is provided for division a unit
in 2004 coke reported an increase in accounts receivable of80 million and an increase in inventory of 168 million. they alsoexperience an increase in accounts payable of 225 million and adecrease in accrued income taxes payable of 225 million. cal..
Jhoslen traded in office equipment with an adjusted basis of $20,000 (and value of $40,000) for other (like - kind) office equipment then valued at $35,000. Jhoslen also received $5,000 in cash as part of the deal. What was Jhoslen's recognized..
what value can management derive from a balance scorecard? how does the management accountant
How would you use portfolio management to assess the risk and return of an investment? Predict how the results would be different based on different risk preferences. In the concept of managerial accountability, what legal compliance issues could com..
Barrett Corporation had 6,500 units of work in process on April 1. During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April?
from my class assignment the ending retained earnings balance of lambert inc. increased by 1.5 million from the
manning industries manufactures and sells three different models of wet-dry shop vacuum cleaners. although the shop
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how can empowerment lead to higher motivation? could a managers empowerment efforts sometimes contribute to
What was the affect of unethical behavior on the profitability of the company?
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