What is its alternative minimum tax? Answer: $9,450 5. The Shepherd Corporation has $40,000 of taxable income, $200,000 of positive adjustments, and a $10,000 preference item. What is its alternative minimum taxable income? Answer: $235,000 6.
Accounting 551 Homework for Week 2 Exercises 13-1, 13-2,13-13. 13-1. How would each of the following items be reported on the balance sheet. A. Accrued Vacation Pay- Current Liability B.
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 11/8/2013 | Time Spent: | 09 min , 29 secs | Points Received: | 24 / 30 (80%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 5 | 4 | | | Grade Details - All Questions | Question 1. | Question : | Branch Corp's total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets?
User | Alonzo Doby | Course | Spring2014-ECO2023-Princ Economics II-397328 | Test | Chapter 4 Quiz | Started | 2/12/14 10:49 PM | Submitted | 2/12/14 11:24 PM | Due Date | 2/19/14 11:59 PM | Status | Completed | Attempt Score | 6 out of 20 points | Time Elapsed | 34 minutes out of 40 minutes. | Instructions | | * Question 1 0 out of 2 points | | | Examine the graph below. If the equilibrium price is P1, then producer surplus | | | | | Selected Answer: | can be determined by the area of the triangle acP1. | | | | | * Question 2 2 out of 2 points | | | Examine the graph below. Consumer surplus is | | | | | Selected Answer: | defined by the area of the triangle
Axia College Material Appendix G Sequential and Selection Process Control Structure In the following example, the second line of the table specifies that tax due on a salary of $2000.00 is $225.00 plus 16% of excess salary over $1500.00 (that is, 16% of $500.00). Therefore, the total tax is $225.00 + $80.00, or $305.00. | |Salary Range in Dollars |Base Tax in Dollars |Percentage of Excess | |1 |0.00-1,499.99 |0.00 |15 % | |2 |1,500.00-2,999.99 |225.00 |16 % | |3 |3,000.00-4,999.99 |465.00 |18 % | |4 |5,000.00-7,999.99 |825.00 |20 % | |5 |8,000.00-14,999.99 |1425.00 |25 % | Analysis Process: 1. Menu Options 2. Employee’s salary rang 3.
Which firm is the most liquid? Why? | Edison | Stagg | Thornton | | | | | Cash | 6000 | 5000 | 4000 | Short-term investments | 3000 | 2500 | 2000 | Accounts receivable | 2000 | 2500 | 3000 | Inventory | 1000 | 2500 | 4000 | Prepaid expenses | 800 | 800 | 800 | Total Current Assets | 12800 | 13300 | 13800 | | | Edison | Stagg | Thornton | Accounts payable | 200 | 200 | 200 | Notes payable: short-term | 3100 | 3100 | 3100 | Accrued payables | 300 | 300 | 300 | Total Current Liabilities | 3600 | 3600 | 3600 | Edison | | | | Current ratio | 12800 / 3600 | | 3.56 | Quick ration | (6000 + 3000 + 2000) / 3600 | | 3.06 | Stagg | | | | Current ratio | 13300 / 3600 | | 3.69 | Quick ration | (5000 + 2500 + 2500) / 3600 | | 2.78 | Thornton | | | | Current ratio | 13800 / 3600 | | 3.83 | Quick ration | (4000 + 2000 + 3000) / 3600 | | 2.5 | It appears that Thornton is the most liquid due to their larger inventory and ability to move it more quickly than the others. 2. Computation and evaluation of activity ratios.
Dividends and dividend equivalent rights declared | | | 0 | | | | 0 | | | | (10,676 | ) | | | 0 | | | | (10,676 | ) | Repurchase of common stock | | | (46,976 | ) | | | 0 | | | | (22,950 | ) | | | 0 | | | | (22,950 | ) | Share-based compensation | | | 0 | | | | 2,253 | | | | 0 | | | | 0 | | | | 2,253 | | Common stock issued under stock plans, net of shares withheld for employee taxes | | | 6,981 | | | | (143 | ) | | | (444 | ) | | | 0 | | | | (587 | ) | Tax benefit from equity awards, including transfer pricing adjustments | | | 0 | | | | 1,232 | | | | 0 | | | | 0 | | | | 1,232 | | | | | | | | | | | | | | | | | | | | | | | Balances as of September 28, 2013 | | | 899,213 | | | $ | 19,764 | | | $ | 104,256 | | | $ | (471 | ) | | $ | 123,549 | | | | | | | | | | | | | | | | | | | | | |
APV vs. WACC Problem Given the following information, answer questions 1 and 2 below. Company and market data: Rf = 4% Rm = 10% βu = 0.9 D/V (target) = 40% RD = 4% Tc = 30% Project CFs: I0 = 1000, CF1 = 300, CF2 = 400, CF3 = 500 1) Calculate the project’s value using WACC 2) Calculate the project’s value using APV -Oops, we can’t until we know the financing (debt) pattern over time. (a) OK, assume the project is financed with 60% debt which is paid off in three equal, annual installments. (b) Now assume instead of (a) that the debt is rebalanced to be consistent with the firm’s target debt ratio (i.e. D/V = 40%).
Adjusted gross income, $46,186 Itemized deductions, $11,420 Child care tax credit, $80 Federal income tax withheld, $4,784 Amount for personal exemptions, $6,800 Average tax rate on taxable income, 15% Taxable income would be $27,966 ($46,186 - $11,420 - $6,800) times the average tax rate of 15 percent equals $4,195 less a tax credit of $80 gives a tax liability of $4,115. When compared to federal tax withheld ($4,784), the result is a refund of $669. MCQ (30 questions - 120 points) Only 1 answer is right. + 4 points for the right answer - 1 point for a wrong answer 0 point for no answer Personal Finance Basics and the Time Value of Money 1. Who is most likely to benefit from inflation? A. retired people B. lenders C. borrowers D. low-income consumers E. government 2.
The Importance of Having Social Security Benefits and the Preparation of Saving Self Saved Funds President Roosevelt signed the Social Security act at approximately 3:30 p.m. EST on August 14, 1935. At that time it was a limited form of the Social Security program beginning as a measure to implement “social insurance” during the Great Depression of the 1930s when poverty rates among senior citizens exceeded fifty-percent. One must have a taxable job to receive Social Security Retirement benefits. Every week from one’s paycheck a percentage is deducted for Social Security benefits. Through dedicated payroll taxes called Federal Insurance Contribution Act (FICA) this was funded.