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Your client, Ethel is a single woman aged 68 years who owns her own home. She has no debts and has the following income and assets: $250,000 Balanced superannuation fund with aware super$400,000 Two bedroom apartment in Dubbo, NSW (Primary residence)$300,000 One-bedroom apartment in Orange, NSW$20,000 p.a. Rental of Orange apartment (net of costs) $5,000 p.a. consulting income from decorating work Problem 1: Assess Ethel's eligibility for the aged pension at 1 July 2020 and determine what fortnightly amount she could receive. Show all working.
Advise Mr. Perry on purchase he is considering. How should note payable and the equipment be valued?
Lulu's Bath Works purchases towels with an invoice of $12,456, and terms of sale of 5/10 n/30. What is the net amount due on the order if a partial payment of $2,500 is made on the 10th day. Tony invests $7,500 at 12% interest, quarterly for 11 years..
Determine What is the equivalent annual saving from the purchase if Gluon can depreciate 100% of the investment immediately.
A store will give you a 1.75% discount on the cost of your purchase if you pay cash today. What is the implicit borrowing rate
Find out the current sustainability reporting practices of companies listed in the Brazil. It is expected that you will provide insights using relevant accounting theories and relevant examples to explain current sustainability practices.
Congress would like to increase tax revenues by 13 percent. Assume that the average taxpayer in the United States earns $48,000 and pays an average tax rate of 20 percent. If the income effect is in effect for all taxpayers, what average tax rate wil..
The tax rate is 25%; the required return is 9%. Find NPV of the decision. Should they replace the machine? Explain and showing your work.
Discuss each of these issues and describe the impact on the audit report if the above issues remain unresolved. calculated on the total of land and buildings
What is the price variance in November? Henry's Food Services budgeted 3,400 covers to be served in November, and the budgeted price/cover was $7.50.
If stored liquidity is used by a bank to fund a net deposit drain of funds the balance sheet will decrease by the amount of the net deposit drain of funds
Use the budgeted income statements from part 1 to recommend whether Santana Rey should implement the proposed changes. Explain.
XYZ INC sells hardware, software, and IT services to small business customers. How many performance obligations are in the contract
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