SciTronics had a total of $ 102,000 (75,000 + 27,000) of capital at year-end 2008 and earned before interest but after taxes (EBIAT) $ 16,120 (avg. tax rate = 38%) during 2008. Its return on capital was 15.8% in 2008 which represented an increase from the 8.7% earned in 2005. 4. SciTronics had $ 75,000 of owners’ equity and earned $ 14,000 after taxes in 2008.
Prepare a memo of 700-1,050 words for the senior partner. Include an abstract. A running head is optional. Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices between the two different
c. increases public saving but reduces national saving. d. reduces private saving, but increases national saving. 2. If the current market interest rate for loanable funds is below the equilibrium level, then there is a a. surplus of loanable funds and the interest rate will fall. b. shortage of loanable funds and the interest rate will fall.
c) Using the same logic as (b) So, output increases by about 3 percent. The change in the real rental price of capital is: The real rental price falls by 6.5% because there are diminishing returns to capital. The change in the real wage is: So, the real wage increases by 2.9% because the added capital increases the marginal productivity of the existing workers. (Notice that the wage and output have both increased by the same amount, leaving the labour share unchanged—a feature of the Cobb-Douglas production function.) d) Using the same
C. the nation's stock of capital is growing. D. the nation's stock of capital is declining. E. the nation's GDP will rise. Supply-side economics stresses: A. an "easy" money policy. B. the stimulation of incentives to work, save, invest, and undertake entrepreneurial risk.
Promulgate GAAP. a. The American Institute of Certified Public Accountants (AICPA) b. The Financial Accounting Standards Board (FASB) c. Government Accounting Standards Board (GASB) d. The Securities and Exchange Committee (SEC) 3. Issue Statements on Auditing Standards.
11. Question : (TCO 2) In the first month of operations, the total of the debit entries to the cash account amounted to $700 and the total of the credit entries to the cash account amounted to $300. The cash account has a ____ 12. Question : (TCO 2) A trial balance would only help in detecting which one of the following errors? 13.
Thus, the $11,000 distribution reduces the new $10,000 stock basis to zero, with a $1,000 LTCG. | Question 3 | | 1 / 1 point | A calendar year C corporation reports a $41,000 NOL in 2013, but it elects S status for 2014 and generates an NOL of $30,000 in that year. At all times during 2014, the stock of the corporation was owned by the same 10 shareholders, each of whom owned 10% of the stock. Kris, one of the 10 shareholders, holds an S stock basis of $2,300 at the beginning of 2014. How much of the 2014 loss, if any, is deductible by Kris?
Answer the following questions viewing each situation as being independent of the others. (1) If total assets increased $200,000 during the year, and total liabilities decreased $75,000, what is the amount of owner's equity at the end of the year? (2) During the year, total liabilities increased $230,000 and owner's equity decreased $90,000. What is the amount of total assets at the end of the year? (3) If total assets decreased $40,000 and owner's equity increased $130,000 during the year, what is the amount of total liabilities at the end of the year?
Footwear's operating income was a pre-tax loss of $10 million in 2011. Foxtrot's income tax rate is 40%. 3. In the 2011 income statement for Foxtrot Co., it would report income from discontinued operations of: a. $9.2 million.