Paint also owns 40% of Green, Inc., a domestic corporation. Paint receives no distributions from any of these corporations. Which of these entities' net income are included in Paint's income statement for current year financial reporting purposes? Paint, Blue, Yellow, and Green. Paint, Blue, Yellow, and Green.
ACCT 311 Homework Assignment 7 https://hwguiders.com/downloads/acct-311-homework-assignment-7/ ACCT 311 Homework Assignment 7 1. On December 31, Year One, Ace signs a lease to use a truck for four years. The truck has a current value of $58,600. Four annual payments of $10,000 are to be paid with the first made on December 31, Year One. After that time, the truck (with an expected life of eight years) will be returned to the lessor.
1. Question : You work for Athens Inc. and you must estimate the Year 1 operating cash flow for a project with the following data. What is the Year 1 operating cash flow? Sales revenues: $15,000 Depreciation: $4,000 Other operating costs: $6,000 Tax rate: 35% Student Answer: $7,250 $7,431 $7,617 $7,807 $8,003 2. Question : Which of the following is not a cash flow and thus should not be reflected in the analysis of a capital budgeting project?
Discussion is limited, usually to no more than one or two sentences. | While customer value capturing has been listed, the discussion remains patchy and lacks detail. No demonstration of how the selected company captures value is made. | A comprehensive discussion of the applicable concepts of customer value creation is undertaken accompanied by a detailed demonstration of how it is applied by the selected company. | | 0 | 1-2 | 3-4 | 5-6 | References and presentation | No effort visible in referencing.Hand-written piece of work; poorly presented with no cover-sheet.
Student Answer: $120,000 $240,000 $2,000 $270,000 Instructor Explanation: $360,000 X ($240,000 / $320,000) = $270,000. Chapter 12 Points Received: 5 of 5 Comments: Question 4. Question : (TCO C) Day Company purchased a patent on January 1, 2010 for $360,000. The patent had a remaining useful life of 10 years at that date. In January of 2011, Day successfully defends the patent at a cost of $162,000, extending the life of the patent to 12/31/22.
https://hwguiders.com/downloads/acct-324-final-exam-solution ACCT 324 Final Exam Solution Question 1. (TCOs 2 & 3) Evelyn sold her personal residence to Drew on March 1 for $300,000. Before the sale, Evelyn paid the real estate taxes of $3,000 for the calendar year. For income tax purposes, the real estate tax deduction is apportioned as follows: $750 to Evelyn and $2,250 to Drew. Drew’s basis in the residence is: Question 2.
This however does not include cell phones. You may not use any cell phones to assist with calculations or procedures. This is a departmental requirement. 4. The practicum is over promptly at 3:50 PM.
Since PacifiCorp is not a publicly traded company, we must use valuation multiples from comparable firms to determine the value of the firm. As you can see in Exhibit 1, if we use the valuation multiples we arrive at an implied firm value of between $6,252 million (low end) and $9,289 million (high end). This means that our offer of $9.4 billion is right in line with the high end valuation of the company. We also used multiples to determine that the market value of equity was worth between $4,277 million and $5,904 million (see Exhibit 1). As stated earlier, we offered to pay $5.1 billion for the equity portion of the company.
Identify at least four transactions and other variables which are not included in the Gross Domestic Product. New 10. Which of the following are included and which are excluded in calculating this year’s GDP? Explain in each instance. (a) A monthly scholarship check received by an economics student (b) The purchase of a new truck by a trucking company (c) Government purchase of missiles from a private business (d) The purchase of a used tractor by a farmer (e) The value of the purchase of shares
Ch 12-1 Tuesday, April 17, 2007 Soln. 1. Truman industries is considering an expansion. The necessary equipment would be purchased for $9 million, and it would also an additional $3 million investment in working capital. The tax rate is 40 percent.