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Question - A company has a fortnightly payroll of $200,000. On average, 50% of the employees take their full entitlement of two weeks sick leave, 30% take half of their full entitlement and 10% take only one day of sick leave per year.
The company deducts 20% income tax and 10% for superannuation. All deductions are paid out by the 15th of the following month.
Assume the pay period ends on Friday 3rd July and the financial year ends on 30th June. How much is the salaries expense at 30th June?
It is now 3 months after the end of the current taxable year. How much, if any, accumulated earnings tax will the IRS assess against Arekay Corporation?
Discuss the relevant theory for the findings of the market reaction to dividend changes. In your discussion, include signalling hypothesis, free cash flow
What is the Breakeven EBIT? Should the firm use only equity or a 50/50 mix of debt-equity in its capital structure? Provide the suitable example.
Prior to the machine's use, installation costs of $8,000 were incurred. What is the amount to record for the acquisition cost of the machine.
Which Retained earnings represent the sum of all prior earnings of the firm in excess of dividends. this is always a true statement.
Calculate the project-specific benchmarks for each project. The T-bill rate is 6 percent and the market risk premium is 6 percent.
Requires assets to be recorded at historical cost-cash paid plus the current dollar value of all none cash considerations given on the date of the exchange.
The bank statement balance is $5200 and shows a service charge of $28, interest earned of $6, and a NSF cheque for $120. Deposits in transit total for $1300
three people are starting with business in which first person is contributing with 200000 for a 40 ownership interest
Find What is the average unit cost? In its first month of operations, Coronado Industries made three purchases of merchandise in the sequence.
Should the landfill be acquired if Bedford desires an 8% return on its investment and compute the internal rate of return on this project.
Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 2013 Cash $ 101,808 $ 60,984 Accounts receivable 110,628 47,880 Inventory 141,750 129,591 Prepaid expenses 35,784 32,760. Further analysis ..
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