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1. Would any of the following items be deductible on an individual's income tax return? If so, would the item be deductible for or from AGI? Explain each item.
(a) Hobby expenditures of $2,000 in excess of hobby gross income(b) $3,000 loss on the sale of a personal sailboat(c) Interest of $8,000 on money borrowed to purchase tax-exempt securities
Brennan's Boats is considering a project which will require additional inventory of $128,000 and will also increase accounts payable by $47,000 as suppliers are willing to finance part of these purchases. Accounts receivable are currently $85,000 and..
Your local small business association is organizing a workshop centered upon the impact of corporate culture on leadership and corporate strategy.
1. Define and discuss philosophies' application to business. 2. Illustrate how moral philosophies can influence behavior and decision-making.
Keep the Change is a clever way of encouraging savings that builds a savings account with a contribution margin of 2 percentage points of interest
calculate labor variancesjohnson inc. manufactures lead crystal glasses. the standard direct labor time is 0.3 hour per
A United State corporation can borrow 10,000 pounds in Great Britain for 6 percent interest, paying back 10,600 pounds in one year. The United State corporation can borrow an equivalent amount of U.S dollars in the United States and pay 13% interest.
Computing the interest and future value for the given data
The company estimates is after-tax cost of debt to be 7%, its cost of preferred stock to be 9%, the cost of retained earnings to be 14%, and the cost of new common stock to be 17%. What is the weighted average cost of capital for this project.
pdq corp. has sales of 4000000 the firms cost of goods sold is 2500000 and its total operating expenses are 600000. the
The debentures were completely subscribed and the cash were appropriately gotten. Demonstrate the money book and diary sections and set up the asset report of the organization.
Loan amortization schedule Joan Messineo borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments.
What single payment could be made at beginning of first year to achieve this objective? What amount could you pay at the end of each year annually for 10 years to achieve this same objective.
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