User Account

All Pages

Is Marcus able to save on the present for his wife

Assignment Help Accounting Basics
Reference no: EM132628420

Problem - Marcus, a resident of Austin, Texas, has found the ideal gift for his wife in celebration of their upcoming wedding anniversary-a $22,000 diamond bracelet. However, Marcus is appalled at the prospect of paying the state and local sales tax of $1,815 (combined rate of 8.25 percent). Therefore, he asks his aunt, a resident of Montana, to purchase the bracelet. The jewelry store lists the aunt as the buyer and ships the bracelet to her, with no sales tax owed on the transaction. Prior to the anniversary, Marcus receives the bracelet from his aunt. Is Marcus able to save $1,815 on the present for his wife? What can go wrong?

Reference no: EM132628420

Questions Cloud

What earnings per share of ordinary shares would be : Castle Over Hill Corp. had 400,000 ordinary shares outstanding on January 1, What Earnings per share of ordinary shares for 2017 would be?
BUACC5936 Financial Management Assignment : BUACC5936 Financial Management Assignment Help and Solution, Federation Business School - Assessment Writing Service - Calculate the cost associated
Successful change management : Examine leadership's role in executing successful change. Determine how leadership impacts the organizational culture during this change.
Summarize some of the key ideas of the sophists : Identify and draw parallels with professionals in our world today who seem to embody the spirit of the Sophists.
Is Marcus able to save on the present for his wife : Marcus receives the bracelet from his aunt. Is Marcus able to save $1,815 on the present for his wife? What can go wrong
Summary of the marx capital : What are the most important themes that are touched on in the summary of the Marx's Capital?
Business is poker game and we are all bluffing : Discuss why Goldman Sachs was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."
Explain how electronic health records are used : Explain how Electronic Health Records (EHR) are used. Include possible concerns or considerations regarding this technology and patient health data.
Generic strategy from external scholarly : What generic strategy is the company using from the above and why? Provide support for your choice of generic strategy from an external scholarly

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd