Their service is pay as you go. You only pay for the month you want to use the service for and for the month you don’t want the service you simply don’t pay. It’s really easy to buy pre-paid cards for your service. You can get pre-paid card in almost every gas station, convenience store or you can just call customer service and pay through the phone with any kind of credit card. With Cricket Wireless you have no contract but with Verizon you
No special promotions c. The minimum “other” product inventory described on p. 5 will be maintained d. Trade accounts payable will not exceed $200,000 during the forecast period e. The revolver loan will be at its maximum value of $530,000 and any additional cash will be supplied by the overdraft mechanism. The case indicates that the bank will not allow it, but for this analysis you should ignore that. f. Any other assumptions you think are necessary (20 points) 2. How is Zimmerman doing? How do you measure his progress?
4) In 2013, Sarah loans Seymour $5,000 for his use in establishing his business. As Seymour has no other assets and needs cash to establish the business, the loan agreement provides that Seymour will repay the $5,000 debt to Sarah with interest at the prevailing rate over a
How does these cards compare to each other? 2. Utilize the table below to evaluate the various credit card offers. It is possible that not all information is available for all cards. Card Name | Interest Rate on Purchases | Cash Advance Rate | Annual Fee | Penalty APR | Grace Period | Late Payment Fee | Over Credit Limit Fee | Minimum Annual Income | Cash Back | Citi Platinum Select | 8.99% | 19.99% | No Fee | N/A | 20-Day | $15,$25 or $35 | $35 | $12,000 | No | Blue Cash from American Express | 0% first 6 months8.99-13.99% after 6 months | 18.99% | No Fee | 23.99% | If balance is paid in full each billing cycle | $15, $29 or $35 | $29 | Undisclosed minimum | Up to 5% | Collegiate Visa | 14.75% | 14.75% | $12 waived the first year | 18.75% | N/A | $20 | $20 | N/A | N/A | Discover Card for Students | 17.99% | 22.99% | No Fee | 19.99-24.99% | 25-Day | $15-$35 | $15-$35 | N/A | 1%or 2% | 3.
• The hours of your business can be whatever you want them to be. • You are free to stay in the same location as long as you wish. (2) Jane Smith Tax Issues: (a) What are the different tax consequences between paying down the mortgage debt and assuming a new mortgage debt for federal income tax purposes? Applicable Law & Analysis: (Section 121 (a) “Gross income shall not include gain from the sale or exchange of property if, during the 5-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as the taxpayer’s principal residence for periods aggregating 2 years or more. (US Code, Section 121 (a); http://www.law.cornell.edu/uscode/text/26/121 Conclusion: There should be a little or no difference between paying an old mortgage and assuming a new one.
The Roth IRA had to open at least five tax years. When a qualified distribution occurs, the earnings and contributions are tax free without penalty. Now if a non-qualified distribution occurs, there could be a 10% penalty, unless the owner is eligible for one of the eight exemptions spoken about earlier. The owner is still allowed to contribute after the age 70 ½, but is required to withdraw a certain amount at a specified time each
The RD&I Division sold a production quality control service, on contract, to the other divisions at variable cost plus 10% and also contracted externally. RD&I was given a budget appropriation, for researching new products, which was not included in the calculation of its ROI. John Big's objective in decentralizing the corporate structure was to make each division operate and be evaluated as if it were an independent business. Corporate overhead was allocated to the divisions on the basis of a percentage of sales. The division managers were each allowed to make annual investments of not more than 5% of their divisional net assets on their own authority.
The size of the credit union does not matter, all credit union have a Board members that have the power to approve or denied any policy changes, refund fees to it members and increase or decrease of the interest rates. The board should implement its power wisely within guidelines of the business, while attending to its fiduciary responsibilities. In the past the Board members have used this power for their owned benefits. Two years ago the credit union was offering 2.50 percent on the savings accounts and 3.15 percent on the auto loans. The credit union was not making much of a profit.
As a CCPC, CCL will have no tax consequence for the employees receiving the stock options until they dispose of the shares. The amount taxed as employment income in the year of disposal is the difference between the option price and the FMV of the shares at the time of the option was exercised. The employee may be able to claim a deduction from taxable income equal to half this amount if the shares were worth less than the exercise price when the option was issued or the employee hold the shares for at least two years before selling the shares. There are many alternatives to rewarding employees besides cash bonuses and stock options. Options can range from published recognition to merchandise such as shirts that the company makes.
The plan assigned 95% of the Company’s equity to SFO bondholders and 5% to SFI bondholders. As banks were to be repaid in full, they were deemed to be “unimpaired” and therefore not entitled to vote on the plan. Plan enterprise value had increased from $1.25 billion to approximately $1.4 billion. The Long-Term Incentive Plan would remain in place and dilute debt holders. Daniel Snyder would be reThe facilities consisted of a $150 million in a revolving credit facility, as well as a $680 million term loan.