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Firm Y expects a total cash need of $14,500 over the next 4 months. They have a beginning cash balance of $2,500, and cash is replenished when it hits zero. The fixed cost of selling securities to replenish cash balances is $3.50. The internet rate on marketable securities is 8% per annum. There is a constant rate of cash disbursement and no cash receipts during the month. Based on the firms current practice, what is the average daily cash balance (a month has 30 days)?
Given that the Alternative Minimum Tax can apply to all forms of businesses, illustrate what tax planning strategies do you think need to be utilized and why?
The tax rate is expected to remain at 40 percent and On the basis of this information, what will be the forecast for Robert's year-end net income?
calculation cost to make a product.the parts division sells product a for 14.25 on the outside market. lately the
A company sold a piece of manufacturing equipment for $30,000 cash. The equipment had been listed on the balance sheet at a net book value of $25,000, so the company recorded a gain on sale of equipment of $5,000. Which of the following items would b..
on march 10 2014 no doubt company sells equipment that it purchased for 352800nbspon august 20 2007. it was originally
During 2013 Sagar paid $750,999 cash dividends on the common stock and $ 500,000 cash dividends on the preferred stock. Net income for 2013 was $4,250,000 and the income tax rate was 40%. Illustrate what is diluted earnings per share for 2013
Consideration is being given to the investment of $420,000 at time zero for machinery and equipment to be depreciated using 7 year straight line depreciation starting in year 1 with the half-year convention. Annual sales are projected to be $450,000 ..
Effects of LIFO and FIFO methods of inventory system on ending inventory and Which company's valuation of ending inventory in the balance sheet is more likely to approximate replacement cost
They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?
Tim is a single, cash method taxpayer with one personal exemption. In April of this year Tim paid $1,000 with his state income tax return for the previous year. During the year, Tim had $4,850 of state income tax and $17,250 of federal income tax wit..
activity based costing - theorya.nbspwhich cost method would you use to manage this business and why?nbsp b.nbspyou are
The following information is available for Pet Store Company and its two divisions, Pet Supplies and Training. Whole Pet Supplies Training Company Division Net sales $170,000 $70,000 $100,000 Fixed costs: Compute the contribution margin for the Pet S..
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