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Question - At the end of 2020, its first year of operations, Chestnut Corp. reported the following:
Pre-tax accounting income $300,000
Estimated lawsuit expense 750,000
Prepaid Expense 200,000
The estimated lawsuit expense of $ 750,000 will be deductible in 2022 when it is expected to be paid. The Prepaid expenses were paid on December 31, 2020 and no portion was expensed in the 2020 year. They will be expensed for accounting purposes equally over the next 2 years but are deductible for tax purposes in the year of payment.
The income tax rate is 25% for all years.
Required - What is the total income tax expense to be reported on the income statement?
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: - Explain the goals and uses of special journals.
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.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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