Memo To: John and Jane Smith From: Date: 10/12/14 Re: Memo summarizing various tax issues 1. John Smith’s Tax Issues Issue (a): How is the $300‚000 treated for purposes of federal tax income? John Smith is an attorney who received $300‚000 for winning a personal injury court case for a client. The $300‚000 should be reported as gross income when he files his tax return for the year that the $300‚000 was received. Applicable Law and Analysis The applicable tax law is Title 26 U
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BUSN 5200 Homework Assignment for Week 4: For Week 4‚ please complete the following for Joe’s Fly-By-Night Oil Company‚ whose financial statements are shown below: • Prepare a ratio analysis for the fiscal year ended Dec 31‚ 2012. Organize your analysis per the following outline: (1) Liquidity - Current ratio: 25‚000/17‚000=1.47% Quick ratio: 25‚000-17‚000/17‚000=25‚000 Comments on liquidity- The results cant really determine how well or bad the company is doing
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doctors office (1) G. Utilities for the corporate offices of a toy manufacturer (2) H. Line supervisors salary for a clothing manufacturing firm (2) I. Training seminar for sales staff of a service firm (N/A) J. Fuel used in a trucking firm (1) K. Paper used at a printing business (1) L. Oil for machinery at a plastics manufacturing firm (1) M. Food used at a restaurant (1) N. Windshields used for a car manufacturer
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MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
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Alaskan Airlines – Strategic Choice and Evaluation Recognizing an organization’s alternatives for growth is an important process for companies. By evaluating and selecting the competitive advantages within a market a company can distinguish themselves from their competition. For an organization the “grand strategies indicate the time period over which long-range objectives are to be achieved. Thus‚ a grand strategy can be defined as a comprehensive general approach that guides a firm’s
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Home Water Use Table of Contents: (1.) Water Use in the Industrialized World (2.) Activity: Water Use Calculator (3.) Activity: Drips and Leaks Water Use in the Industrialized World If you’re like most people in the developed world‚ you don’t think much about water. Clean‚ drinkable water is delivered into your residence almost invisibly‚ and it’s always there when you turn on a faucet. As such‚ most North Americans don’t see the need for water conservation‚ particularly those who live in
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• What are the advantages and disadvantages of social media? The advantages of social media is that we have the ability to reach a large audience and more so a target audience. Social media allows us to communicate with our audience and see their comments. There are so many different kinds of social media sites that we are able to use free of charge. The social media sites are available on our phones‚ iPods‚ and tablets. Pictures‚ videos‚ and even links can be shared from one site to another. The
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CHAPTER 9 PROBLEM #2 A. PV= (-50‚000/1.40)- (20‚000/{1.40^2} + [100‚000/ (1.40^3] + [400‚000/(1.40^4) + {800‚000/[1.40^4] = -50‚000 + (10‚204) + 36‚443 + 104‚123+ 520‚616 = $ 615‚264 B. PV= (35‚714) + (10‚204) + 36‚443 + 104‚123 + 671‚688= $766‚336 C. (35‚714)+ (10‚204) + 36‚443+ 104‚123 + 1‚543‚256 = $1‚637‚904 D. PV AT 40%= $1‚637‚903.85 INVESTMENT @ $3‚000‚000.00 POST-MONEY VALUATION= $1‚637‚903.85 + 3‚000‚000= $ 4‚637‚903.85 PERCENT OF OWNERSHIP BY INVESTOR: $3‚000‚000/ $4‚637‚903
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to store similar data. For example‚ to track an inventory item that may come from two possible sources‚ an inventory record may contain fields for Vendor Code 1 and Vendor Code 2. Optimal database design recognizes proper organization of table structures and relationships. Suggest at least two methods that can be used to improve the design of a database system. If we are going to develop Database‚ we might as well make it look good. By doing this‚ we can improve the database ability to provide information
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Subnetting IP Address‚ Configuring Static Routes and Static Host Table vLab (15 points) Write a paragraph (minimum five college-level sentences) below that summarizes what was accomplished in this lab‚ what you learned by performing it‚ how it relates to this week’s TCO’s and other course material; and just as important‚ how you feel it will benefit you in your academic and professional career. (7 points) This was more challenging than normal‚ due to I was unable to get the proper results in the
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