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Allison is part owner of a law firm, Canyon Law Offices, LLP. Her firm services sports teams and high-wealth individuals, including professional athletes. As part of her job, she entertains clients and travels to their location, where she spends money on meals and entertainment. During her travels she incurs expenses for meals, hotel, airfare, transportation, and other miscellaneous items associated with travel. Additionally, she pays for a luxury box for the local professional basketball team and has season tickets to the local professional football team. Allison tells you, her CPA, that she spent $45,000 on meals and entertainment (including the luxury box and season tickets) during the prior year. She did not keep detailed receipts for each meeting or event, but can recall who she was with, the topics discussed, and the location of each meeting.
What is the rationale for the amount Allison is eligible for meals and entertainment deductions based on the spending of $45,000?
In your opinion, how does big data and AI hurt financial inclusion?
The average collection period is 32 days. What is the average investment in accounts receivable as shown on the balance sheet?
Suppose your friend, Michelle, has just purchased a buy. Because Michelle knows that you have just received your Associate's in Management at a university, she has asked for you for help in evaluating the company.
Investors require a 16 percent return from investments such as this. If the dividend is expected to grow at a steady 8 percent per year, what is the current value of the stock? What will the stock be worth in five years?
(a) What are the key tasks executed by the underwriter? (b) What are primary considerations when selecting an underwriter?
The table below provides information on the number of students per type of residence and the number reporting illnesses consistent with the described symptoms and onset time. What is the proportion of total cases occurring in boys?
if a stocks pe ratio is 13.5 at a time when earnings are 3 per year what is the stocks current
Leases R Us, Corporation has been contracted by Robotics of Beverly Hills to provide lease financing for a machine that would assist in automating a large part of their current assembly line.
Calculate the heat change in calories for melting of 0.30 kg of water at 0*C. The heat of fusion for water is 80 cal/g.
Calculate Optimus' required rate of return on equity using the capital asset pricing model (CAPM). For the CAPM, use the following assumptions:
Use the free cash flow to equity model to value this stock. Do not round intermediate calculations. Round your answer to the nearest cent.
What would you estimate the weighted average cost of capital (WACC) of the company to be?
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