Name: __________________________ Fall 08 Test 3 Accounting 3312 25 points 1. Deferred income taxes. Earl Co. at the end of 2007‚ its first year of operations‚ prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $ 750‚000 Estimated expenses deductible for taxes when paid 1‚200‚000 Extra depreciation (1‚350‚000) Taxable income $ 600‚000 Estimated warranty expense of $800‚000 will be deductible in 2008‚ $300‚000 in 2009‚ and
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different point (because if affect me too much). In our hearts‚ we all know that the ONLY way to stop the growth in the federal debt is to stop spending more money than the government receives. Thus‚ me must reduce government spending AND increase taxes. The plan is as simple as that. One of the primarily reasons to reduce the federal debt is to simply reduce
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based on the percentage combinations of the incomes. 3. Which of the following statements about net income (NI) is TRUE? a. b. NI = operating income plus income taxes. NI = operating income plus operating costs. c. d. NI = operating income less income taxes. NI = the absolute (positive) value of income taxes less operating income. 3. paying 25% of her revenue made at the convention. What would the indifference point be between option 1 and option 2? a. 500 units; b. 400 units;
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GDP 4. Consultancy fee of a US scientist working in the Philippines. GNP 5. Salaries of overseas Filipinos in Hong Kong. GNP 6. Profits of San Miguel in Hong Kong. GDP 7. Profits of US shareholder of Intel Philippines. GNP 8. Rental income of a Filipino who owns an apartment in the US.
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ASSIGNMENT 1: Strategic Corporate Finance Type of Assessment: Case Study: 2500 words (equivalent) Submission deadline: Upload to Moodle before 14:00 noon Friday 22nd March 2013. Weighting: 50% of module mark Uploading to Moodle * Attach the feedback sheet and marking grid to the front of your assignment * Upload your spreadhseet Learning outcomes 1. Analyse different capital budgeting techniques 2. Evaluate the information derived from different capital budgeting techniques
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transportation‚ port charges 185.47 Repairs to plant‚ machinery 25.62 Power & Fuel 214.52 Insurance 21.44 Lease Rentals in respect of Plant & Machinery 8.84 Depreciation 382.60 Work Cost(Gross) 9337.22 Opening WIP 793.91 Less: Closing WIP 651.93 141.98 Works Cost(Net) 9479.20 12540.48 Administrative Overheads Salaries 323.99 Repairs to building 20.37 Rent 9.37 Rates & Taxes 22.16 Total Cost 375.89 12916.37 Add: Opening Finished Goods Add:
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Introduction This paper’s main objective is to analyze the on line travel company Expedia taking into consideration factors such as its financial standings‚ present and future strategies‚ industry standards and competitor and finally‚ an intricate economic examination. With the tools we learned in our MAcc Financial Statement Analysis‚ we were able to break down the company’s available financial and contextual information‚ such as it’s history‚ Porter Five‚ current and future strategy and financial
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day. He will assess how much to pay for the registration. Normally‚ the registration fee is P500.00 while the Documentary Stamp Tax on Subscription depends on how much your capital is‚ while the Documentary Stamp Tax on Lease depends on your monthly rental. Please submit these forms and documents to the officer of the day. Documentary Requirements Single Proprietor Partnership Corporation BIR FORM 1901 (Application Form) ✓ BIR FORM 1903 (ApplicationForm) ✓ ✓ BIR FORM 0605 (Payment Form)
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EXERCISES Exercise 3-1 (20 minutes) a. Long-term debt [46] A 13.99 B 9.125 G -9.7 H 805.8 beg 7.5 C 9.0 D -0.17 E 8.875 F 14.8 I 772.6 end A = Retirement of 13.99% Zero Coupon Notes. B = Repayment
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2013 BAR I. In its final adjustment return for the 2010 taxable year‚ ABC Corp. had excess tax credits arising from its over-withholding of income payments. It opted to carry over the excess tax credits to the following year. Subsequently‚ ABC Corp. changed its mind and applied for a refund of the excess tax credits. Will the claim for refund prosper? (6%) II. A group of philanthropists organized a non-stock‚ non-profit hospital for charitable purposes to provide medical services to the poor. The
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