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Problem 1: If Mrs A worked at a jewellery store and her employer gave her a sales bonus of a diamond ring valued at $10,000 how would you treat this for taxation purposes? Briefly explain making reference to any relevant case law in a half page report in the space provided.
Dillon requires a minimum return on its investment 0f 25%. Dillon has the following information available for one of its divisions:Average operating assets $4,000,000. Sales $4,800,000. Reurn on investment 30%. Based on this information, what is the ..
In December of Year 2 operations (month 24), Memories, Inc. actually produced and sold 32,675 figurines, consisting of 30,570 dolls and 2,105 replicas. The budgeted sales price for dolls was $5.00, and $5.25 for replicas. How might MI extend its vari..
How will this drug and the related costs be accounted for at the initial recognition of the intangible asset
Roehm co issued $30,000,000 of four year 10% bonds with interest payable semiannually at a market interest rate of 8%. Determine the present value of the bonds payable, round to the nearest dollar.
The expansion will cost two million dollars, and is expected to increase operating earnings to $2,100,000. What factors should Turner’s manager and her supervisor, the VP of operations, consider in deciding whether to go forward with the expansio..
The $12 in Fixed costs for Bampton include $4 in corporate costs. Compute net income if Eastern Stores closes the Bampton location.
If the store charges an interest rate of 72% p.a. What amount will the customer have to pay on September 30 to settle his account?
Describe the difference between an INNER JOIN, a RIGHT JOIN, and a LEFT JOIN. Provide a business example where you would want to use each type of join. Describe the difference between the SQL commands UNION and UNION ALL. Provide a business example w..
Purpose a summary journal entry to record raw materials used
In 11 years you will begin receiving $152 per year in perpetuity. Determine What is the present value today of these future cash flows?
What is the ROI (write as a percentage)? You expect the addition can improve its value by 4%. The home was originally purchased for $175,000.
A firm reports that in a certain year it had a net income of $143 million, depreciation expenses of $20 million, What is the firm free cash flow for that year
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