The conservatism principle involves “recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received” (The conservatism principle). Requirement 2 – B Hudson’s wholesale inventories should be reported on the balance sheet at the replacement cost amount. The text indicates that the replacement cost is less than the NRV (or ceiling) and more than the NRV-NP (or floor) making the
Explore how entrepreneurs make financing decisions when they are faced with timing issues and low bargaining power versus VCs. Mindersoft Stephen R. Chapin Jr., the CEO of a new startup, Mindersoft, Inc., must evaluate an offer from a venture capital firm in March 1997. The firm, Novak Biddle Venture Partners, offers to invest $2.0 million for 40 percent of the company resulting in a $5 million post-money valuation for the firm. He is concerned that the valuation offered by the venture capitalist is too low. He believes that the premoney valuation of the company should be at least $10 million based on the potential profitability of the company and the successful efforts to date in lining up several key sponsorships with national retailers.
BIS 155 Lab 6 of 7: Day Care Center Purchase here http://chosecourses.com/BIS%20155/bis-155-lab-6-of-7-day-care-center Product Description Your friend, Jane Morales, is considering opening a Day Care Center. She has started compiling her assumptions and putting together an Income Statement. She has determined that she must make at least $75,000 profit per year in order to start the business. She has asked you to analyze her Income Statement and help her determine whether it is viable for her to start this business. You have agreed to help her complete her Income Statement and to perform What-If analysis to help her look at her potential profitability.
(HP tried a similar strategy when it offered customers 50GB free storage on Box.net.) And Epps even imagines some could offer more innovative broadband models, like purchasing surfing time on an hourly or daily basis, rather than by contract or a monthly plan. The idea, simply, is to introduce more diversity into an ecosystem filled with poor iPad knockoffs. Now, it's clear that no tablet can match Apple's iPad at competitve or even slightly discounted prices--all have tried, and all have failed. (Samsung Galaxy Tab, Toshiba Thrive, HP TouchPad, BlackBerry Playbook--the list goes on.)
As Bernadette’s AGI ($103,000) is less than $160,000, Bernadette qualifies for a $2,500 American Opportunity credit. The lifetime learning credit is available per taxpayer on the first $10,000 of qualifying tuition expenses. Accordingly, her tuition ($2,000) would qualify for the credit during 2011. Therefore, Bernadette’s maximum lifetime learning credit would be $400 (20% × $2,000) for 2011. However, the $400 maximum credit would have to be reduced by $20 since her $103,000 AGI exceeds the threshold level of $102,000 for married
Throw another 2k on replacing all the shocks, front end parts (ball joints, cv axles,), new brake rotors and wheel bearings all around, and the car will be riding like it came off the show room floor... From this point on, a good tune up and regular oil changes can have the Corolla riding trouble free for a good 4 or maybe five years without any major work needing to be done. Sure that is spending 4 grand to be driving an old car, but if it's what I love, i don't see anything wrong with it. The other side of the coin is to put down $4k on a 2012 corolla and which will probably Go for about $16k...Then make payments for 5-6 years on it and by the time I make my last payment probably spent about $22k. Buy the time the payment is done, the same money that would have been dropped into the 97' Corolla will have to be spent on the 2012 Corolla anyway, unless I trade it in an get myself into another car payment. With half of what i would spend on a new car, I could probable replace every bolt on a 90's car LOL!
(4 pts) Answer The inheritance of a car from your grandmother valued at $5,000 would be excluded from income as long as the $5,000 was under the caps. The tax code where you would find this would be under sections 101-139. Chapter 5 3. Shaun & Kayla earned the following in 2013: Interest on a Savings account of $36, Interest on a U.S. Series EE Savings Bond of $25, Interest on a CD that has not matured yet of $20. How much taxable interest income must they report on their 2013 tax return?
There are 4 possible outcomes in this scenario: 1) Sampson Team decides to race and finishes in the Top 5 50% Chance. Result: There were no definite numbers, but let’s guess and say that the new annual sponsorship is worth $1,000,000+. 2) Sampson Team decides to race and blows an engine 29.17% chance. Result: Loss of the $500,000 Oil Sponsorship plus $20,000 for the cost of an engine, for a total loss of $520,000, thereby moving the team to $552,500 in the hole. Also to be considered is that any time an engine blows in a race the driver is in danger.
The corporation will have to recognize a gain of $2,000. c. What, if any, changes if Susan received another 10 percent stock interest for the car? Susan will have to recognize a gain of $2,000. 62. A corporation has income of $62,000 from operations and a net long-term capital loss of $5,000.
YOU + A PRIUS HYBRID = $$$$ IN SAVINGS + A GREENER ENVIRONMENT!!!! May 25, 2013 ANY NAME 79 Regis Road Westwood, Ma 02136 Dear Potential 2013 Prius owner: Stop your search - your new car is here! How would you like to double you travelling distance while saving money on gas? Are you a high school graduate on your way to college and looking to save big on your new car purchase? Parents, do you want to lay your safety concerns to rest and keep money in your pocket?