AT3 Prepare financial reports Electricity cost allocation report for ANZ Warrnambool By Jennifer Dorney 05th July 2014 EXECUTIVE SUMMARY This report provides an investigation into how ANZ Warrnambool allocates electricity costs to the three core areas of its business being Retail Banking, Commercial Banking and Financial Planning for a particular reporting period. Results of the investigation have been tabled, concluding that the total cost of electricity is allocated each year to the local departments. A summary along with an analysis of how the costs have been allocated as a percentage to each department has been provided and a table detailing the methods of calculations has also been presented. INTRODUCTION This report provides
This is done by focusing on key components of taxable income. How can timing strategies and income-shifting strategies be used to affect deductions for adjusted gross income (AGI), dependency exemptions, itemized deductions, and tax credits? Provide at least one example for each. Postponing income until the following year is one way to lower your AGI, paying into a 401K allows one to defer paying taxes on a portion of their income until a later date. Shifting a portion of income to family members can also lower ones tax bill, you are allowed to give $12,000 per year to each recipient without incurring a gift tax but watch out for kiddie tax rules before considering this option.
Compute the book value weights that the comptroller currently uses for the company’s capital structure. Common stock weight 28.6% Preferred stock weight 14.3% Long-term debt 57.1% c. Based on the suggestion that the focus should be on market values, compute the weights of debt, preferred stock, and common stock. MV debt weight 19.4% MV preferred weight 4.2% MV common stock weight 76.3% d. Are book value or market value weights better for calculating the firm’s weighted average cost of capital? Market value weights are better for calculating the firms WACC because market value is the worth today and is more like the current situation and it can change daily. 2. a.
A.cash B.unsecured loans C.time deposits D.U.S. government securities Question 12 of 20 5.0 Points Identify and describe the factors, in addition to supply and demand, that determine interest rates. Question 13 of 20 5.0 Points You need $8,000 four years from now for a down payment on your future house. How much money must you deposit today if your credit union pays 5% interest compounded annually? Pick the closest answer.
Suppose that Firm 1 is a domestic producer and Firm 2 is a foreign producer. The domestic government grants Firm 1 a subsidy of $3 per unit of production. What will be the new Cournot firm quantities, market price, and profits? (HINT: Think about what the subsidy does for Firm 1’s marginal costs.) q1= (100-(10-3))/3=31 q2= 30 Q=31+30=61 Market Price=100-30-31=39 Firm’s one profit= 31*39-31*7=992 Firm’s two profit=30*39-30*10=870 c. Compare consumer surplus from parts a and b.
Liabilities are accounts that are owed out to a creditor, vendor or a bank. Liabilities are presented on the Balance Sheet and normally have a credit (negative) balance. A debit to a liability account decreases it while a credit will increase it. Liabilities are broken down to current and long term. The current liabilities are what is owed and is expected to be paid off on one year.
Calculate the PAYG instalment income for the quarter. FBT rate varied Variation of FBT Fringe benefits ATO instalment preprinted on BAS 19 F1 2 400 Estimated total fringe benefits tax payable for year Varied fringe benefits tax instalment amount Transfer the amount at F3 to 6A on the BAS Summary F2 F3 F4 12 000 3 000 30 Reason for variation PAYG rate varied PAYG income tax instalment For the QUARTER from 1 Oct 20XX to 31 Dec 20XX Option 2: Calculate PAYG instalment using income times rate PAYG instalment income T1 $ 5 5.61 4 5 % 6
So, if we take random values for r2 between 0 and 1 then we will get different values of time intervals in weeks between successive breakdowns. 3. Lost revenue It is given that they charge $0.10 per copy and number of copies sold in one day follows a uniform probability distribution between 2000 and 8000 copies. Therefore, if we chose a random variable r3 whose value is in between 2000 and 8000 then the lost revenue will be 0.1×r3×repair time. By putting different values for r3, we can get a number of lost revenues by simulation method.
Taxpayers have, therefore, entered into transactions structured to accrue liability for deductible expenses prior to actual payment. Thus, taxpayers derive benefits in part from the time value of money, because eventually the taxpayer must either pay in full or reflect in taxable income-perhaps at capital gain rates-all the accrued amounts. Of particular concern to the Internal Revenue Service (the Service) has been the use of accrual accounting in connection with the deduction of interest on long-term debt under section 163 of the Internal Revenue Code (the Code).2 The Tax Reform Act of 1984 (the 1984 Act),3 which was signed into law by President Reagan onJuly 18, 1984, contains provisions specifically addressing this perceived abuse. Under section 461(a) of the Code, "[t]he amount of any deduction. .
Alternatives: A. Recognize compensation expense at each year end and disclose swap transactions in the notes to the financial statements: Record the following entry at year end Dr. Compensation Expense XXX Cr. Paid-in Capital-Stock Options XXX This will reduce pre tax income and increase total paid-in capital B. Disclosure in notes to financial statements only IV.