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Sam is an executive with a U.S. corporation. During the current year, he is working in another country. His employer provides a corporation-owned residence for Sam that is located three miles from his office. The residence is far above the standard he was accustomed to in the United States.
However, the employer feels that it is im- portant for Sam to live in luxurious surroundings because of the business image it conveys. Sam is expected to entertain customers and conduct business in the home as is customary in that country, where people are thought to be very status- conscious. The home contains an office that Sam uses in the evenings to transact business over the phone with customers in different time zones. The fair rental value of the home is $48,000. Does Sam have any income from this housing arrangement?
Follow the tax research steps:
1. Establish the facts and determine the issues.
2. Locate the relevant authorities.
3. Assess the importance of the authorities.
4. Reach conclusions, make recommendations, and communicate the result.
What are the major capital budgeting models and why are they essential to the firm's earnings, capital growth and value creation?
Nymeria buys a promissory note off of Yolanda for $300. Nymeria buys the note in good faith, and she is unaware of the fact that Yolanda secured the note from Georgia through Fraud in the Inducement. Nymeria seeks to enforce the note. Can she?
your annual auto insurance premium is due. instead of paying the whole amount of 1000 all at once today you choose to
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consider a bond selling for 98 per 100 face value. a call option selling for 8 has an exercise price of 105. answer
Flotation costs of $30 per bond will be incurred in the process (which implies that f = 2.97%, or 0.0297 in decimal form) and the firm is in a 40% tax bracket.
Wheel has just paid a dividend of $2.50 per share. The dividends are expected to grow at a constant rate of six percent per year forever. If the stock is currently selling for $50 per share with a 10% flotation cost, what is the cost of new equity fo..
Calculate the effective annual rate (EAR) for a (1) through a (4) above. Based on your findings in parts a and b, what is the general relationship between the frequency of compounding and EAR?
Analyze the relationship between risk and rate of return, and suggest how you would formulate a portfolio that will minimize risk and maximize rate of return.
a researcher reports an f-ratio with df 1 24 for an independent-measures experiment. how many individual subjects
what interest deduction can the company take on these bonds in the first year? In the last year?
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