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1. Suppose federal, state, and local governments in the United States were to engage in a massive campaign to deal with AIDS, drug abuse, and other health- related problems. The increase in government medical spending would require a massive tax increase. As- suming that resources and technology are fixed, use a production-possibility curve to show the cost of increased government health services.
2. As of 2009, many state governments were experienc- ing fiscal problems, and tax revenues were falling short of planned expenditures. What factors can in- fluence state revenue collections and expenditures? Explain why state governments must cut spending or increase taxes when revenues fall short of expendi- tures. Give examples of the types of taxes used by state governments.
Assume that the company uses the weighted-average method. - Find the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.
Change in compensation of salespersons from fixed annual salaries totalling $300,000 to total salaries of $75,000 plus 5% commission on net sales.
Assuming Ren Ltd does not prepare consolidated financial statements, prepare the journal entry in the books of Ren Ltd for the year ended 30 June 20x3 to equity account its investment in Wei Ltd.
Determine the current requirement under GAAP and IFRS,
3. Repeat requirement 1 applying the cost recovery method.
Discuss whether or not it would be possible for Calcor Company to achieve the first two of Kuhn’s goals without achieving his third goal of 30% return on average assets before interest and taxes.
Provide the entries for the purchase and lease in the books of Anderson ltd - Provide the entries for the purchase and lease in the books of Anderson ltd - Provide the entries in the books of Lisa Ltd as at 30 June 2025.
Of those started, 80,000 were finished and the remaining 40,000 were left 20% complete. Calculate equivalent units of production for the year using the weighted average method.
youve just been hired onto abc company as the corporate controller. abc company is a manufacturing firm that
“National differences in statutory tax rates are the most obvious yet the least significant determinants of a company’s effective tax burden.” Do you agree? Explain this statement by comparing at least two different countries.
Determine the gross margin from the first sale
Investigate and identify the reason for the early payment of suppliers. If there is none, make more use of this source of short term finance.
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