Q: Option 1 O Option 2
A: Treasury shares are those shares which is bought back by the company just to reduce the share capita...
Q: Suppose the dollar interest rate and the pound sterling interest rate are the same, 6 percent per ye...
A: A rate through which individuals or companies convert their domestic currency with the other country...
Q: On January 1, 20X1, you find the perfect home for you and your budding family. The home will cost $1...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: Bulldogs Inc., a 100% equity finance entity, is considering the formation of a new division that wil...
A: CAPM is capital asset pricing model which helps in determining required rate of return on the portfo...
Q: You have an investment opportunity that requires an initial investment of $5,500 today and will pay ...
A: The IRR is the interest rate that makes the NPV of the project equal to zero. So, the equation that ...
Q: On January 1, 2Ox1, Bouncy House, Inc. obtains a $50,000, 6 year, 8% installment note for the latest...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: Problem 3: Kate deposits P5,000 to her bank ac vear when she was in high school for four years or he...
A: Given information : Year Cash flow 1 5000 2 5000 3 5000 4 5000 5 50000 6 50000 7 50...
Q: and alternative 2 is to purchase from outside. Determine the break-even qua between the two alternat...
A: Breakeven quantity is where the there is no profit and no loss and there is no difference between th...
Q: Question 1 Cash management involves ___________________________. Select one: A. optimizing the coll...
A: The process of managing the cash inflows and the outflows is known as the cash management. In the fi...
Q: Question 21 Galoraz Bhd has a line of credit of RM325,000 with an interest rate of 1.85 percent per ...
A:
Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6 mon...
A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =...
Q: . Discuss the other types of forecasting methods that financial analysts use to predict future reven...
A: A Sales forcast is an estimation of sales volume that a company can expect to attain within the plan...
Q: A farmer bought a tractor costing Php 25,000 payable in ten semi-annual payments, each installment p...
A: Equal Installment amount can be calculated by amount of loan divided by PVA Factor
Q: Your daughter is currently 9 years old. You anticipate that she will be going to college in 9 years....
A: Discounting of money is the process of determining the present value of a cash flow that will be rec...
Q: Which of the following is false? An increase in the cost of common share may be due to an increa...
A: The cost of common share is the return required on the stock by investor in the market. Common stock...
Q: A 1-year treasury bond currently yields 8%, and a 2-year bond yields 10%. An investor who wants to i...
A: Data given: Current yield of 1 year treasury bond = 8% Current yield of 2 year treasury bond = 10%...
Q: Design a salary slip for the month of December 2021 with information given below.
A: Salary slip is also known as the pay slip is a document issued monthly by the employer to its employ...
Q: Question 3 You are considering to invest in a savings plan. The plan offers a rate of return of 8 pe...
A: Interest rate (r) = 8% Saving in year 1 (S1) = RM 1500 S2 = RM 1250 S3 = 6400
Q: Income from a precious metals mining operation has been decreasing uniformly for 5 years. If income ...
A: The annual worth method is one of the methods to find out whether the project is profitable or not. ...
Q: A payment of $2,500 is due in 2 years and $3,500 is due in 4 years. These two original payments are ...
A: Discounting is a technique to compute the present value (PV) of future cashflows by using an appropr...
Q: Describe Capital Asset Pricing Model. Assume Max stock has a beta of 1.2. If the risk free rate is 7...
A: The Capital Asset Pricing Model (CAPM) is used to forecast market movements. The approach is based o...
Q: A particular long-term corporate security is quoted at 14.60%. Real risk-free rate is constant at 3%...
A: As per the given details : Long-term, corporate security = 14.60% Risk-free rate = 3% Default risk ...
Q: 1..A purchaser paid $287.70 for a TV that cost the seller $210. If the seller's markup was 37% of th...
A: Selling price = $287.70 Markup percentage = 37% on the cost Cost = $210
Q: Consider yourself a rational investor and you are evaluating what to include in your 2-stock portfol...
A: Diversification means dividing the investment in a mix of assets. Diversification is a strategy thro...
Q: Consider the following alternatives: i. $100 received in one year ii. $230 received in 5 years iii. ...
A: Present Value = Future Value(1+i)n where, i= Interest rate n= period
Q: Amber and Charlie considering buying treasury bills. Amber wants to buy a Treasury Bill that has a q...
A: Honor Code: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answe...
Q: Which of the following is not true about the determination of components used to determine the weigh...
A: Weighted average cost of capital (WACC) refers to the average cost that is paid by a company to rais...
Q: Online Banking is a product that becomes increasingly important with the increase in online business...
A: Online banking also known as internet banking is used by corporates and also by individuals to carr...
Q: Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $1...
A: Breakeven Point (Units) = Fixed CostSelling Price per unit - Variable Cost per unit Breakeven Point ...
Q: Happy Holiday Sdn. Bhd. (HHSB) has hired you to perform a feasibility study of a new project of inte...
A: Initial investment required is RM 5,500,000. Annual operating cashflow is RM968,000. Discount rate i...
Q: If your real rate of return is 2% and the inflation rate is 3%, what is the nominal rate of return?
A: Real rate of return = 2% Inflation rate = 3%
Q: ABC Company runs a department store and grants loyalty awards to its customers. For every P 100 purc...
A: The Company Gives Loyalty awards to its customer based on the purchases made by the customer hence C...
Q: [Question text] If D-Mart Bhd recently replaced its management team which use a flexible financing p...
A: Financing Financing is referred to as the process of providing funds for business activities, invest...
Q: 54 A company that currently produces final product A is considering stopping processing earlier in t...
A: The processing costs are the costs incurred when the product goes from raw material to finished good...
Q: What is the value of TTM? Please show the solution :) 2007 2008 2009 2010 2011 2012 2013 2014 ...
A: TTM means trailing twelve months. It means analysis and review of numbers of last 12 periods that ma...
Q: A rich aunt has promised you $4,000 one year from today. In addition, each year after that, she has ...
A: Payment after one year = $ 4,000 Annual growth rate in payments = 3% Number of payments = 20 Interes...
Q: You have just received a windfall from an investment you made in a friend's business. He will be pay...
A:
Q: Three building proposals are being considered by the owner, which proposal is more economical if mon...
A: Nominal Rate = 18% Compounded semi annually Number of compounding periods = 2 We will select the p...
Q: State the stockholder’s equity of the Alphabet Corporation if it has a current net profit of $1,500,...
A: In finance stockholders equity is the balance or the remaining amount of assets that are available t...
Q: A person borrowed a loan and pledged to repay it and its interest using the amortization method, out...
A: where P= Principle amount r= rate of interest (as per payment frequency) n= no of times EMi is pai...
Q: Problem 3: A machine currently in use was originally purchased 2 years ago for $40,000. The machine ...
A: Thanks for your question. Bartleby's Guideline: “Since you have posted a question with multiple sub-...
Q: What capital gains are subject to capital gains taxation?
A: The сарitаl gаins tаx is the levy оn the рrоfit frоm аn investment thаt is inсurred ...
Q: Why should you discuss the rights and responsibilities of all parties with a client?
A: A customer who enters into a service contract must furnish the provider with all information he poss...
Q: Acme Corp has fixed has fixed overhead of $250,000 for its plant and salaries of $350,000. It sells ...
A: Net Profit will be equal to revenue minus all expenses.
Q: Which of the following statements is not correct O a. Cash balance does not have an opportunity ...
A: 1.A firm may hold surplus cash balance to pay dividend to its shareholders. It is correct statement...
Q: SEARCH ASK CHAT MATH SOLVER Question Selected information from the 2018 and 2017 financial s...
A:
Q: High degree of financial leverage means Oa High debt proportion Ob Lower dobt pr...
A: Degree of financial leverage (DFL) is given by following relation between EBIT and interest.
Q: Your start-up company's net profit next year will be $50,000, and you then expect that to increase b...
A: Equivalent annual worth provides a basis of measurement and comparison by converting the cash flows ...
Q: [Question text] Which one of the following situations will decrease the cash cycle as all else held ...
A: Cash cycle is computed by adding the days of inventory outstanding with the days of sale outstanding...
A company was not able to file and pay its 2015 annual income tax. As a result of this, it was liable for a surcharge penalty of 96,500. There was willful neglect on the non-compliance. Assume all the liabilities are paid today.
Question:
1. How much is the total amount due, exclusive of the compromise penalty?
Step by step
Solved in 2 steps
- A company was not able to file and pay its 2015 annual income tax. As a result of this, it was liable for a surcharge penalty of P96,500. There was willful neglect on the non-compliance. Assume all the liabilities are paid today. How much is the total amount due, exclusive of the compromise penalty?A company has accounts receivable of $300 000 and an associated doubtful debts allowance of $60 000. The revenue associated with the accounts receivable of $300 000 has already been included in taxable profit. The doubtful debts will be deductible when the amount is actually written off as bad with a related deduction to accounts receivable. REQUIRED a) Assuming that the tax rate is 30 percent, what is the amount of the temporary difference? b) Does this give rise to a deferred tax asset or a deferred tax liability, and what is the amount of the deferred tax asset/liability Please donot provide solution in image format provide solution in step by step format and asapBridgeport Inc. incurred a net operating loss of $477,000 in 2020. The tax rate for all years is 20%. Prepare the journal entries to record the benefits of the loss carryforward. Bridgeport expects to return to profitability in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount
- What is the effect of the errors on the working capital of 2020? Put a negative sign if the answer is overstated. Example overstated by 5000 is -5000. Bee Company's net income for 2018, 2019, and 2020 were P100,000; P145,000; and P185,000,respectively. The following items were not properly handled: a. Rent of P6,500 for 2021 was received from a lessee on December 31, 2020, and was recorded as outright income in 2020. b. Salaries payable at the end of the following years were omitted: December 31, 2017 2,500 December 31, 2018 5,500 December 31, 2019 7,500 December 31, 2020 4,700 c+ The following unused office supplies were omitted in the accounting records: December 31, 2017 3,500 6,500 December 31, 2018 December 31, 2019 3,700 December 31, 2020 7,100Splish Inc. incurred a net operating loss of $515,000 in 2025. The tax rate for all years is 20%. Prepare the journal entries to record the benefits of the loss carryforward. Splish expects to return to profitability in 2026. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts) Account Titles and Explanation Debit CreditAdobo Company used the allowance method of accounting for uncollectible accounts. During 2021, the entity had charged 750,000 to bad debt expense and wrote off accounts receivable of 780,000 as uncollectible. What was the decrease in working capital?
- Pearl Inc. incurred a net operating loss of $455,000 in 2020. The tax rate for all years is 20%. Assume that it is more likely than not that the entire net operating loss carryforward will not be realized in future years. Prepare all the journal entries necessary at the end of 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)* What is the effect of the errors on the working capital of 2020? Put a negative sign if the answer is overstated. Example overstated by 5000 is -5000. Bee Company's net income for 2018, 2019, and 2020 were P100,000; P145,000; and P185,000,respectively. The following items were not properly handled: a. Rent of P6,500 for 2021 was received from a lessee on December 31, 2020, and was recorded as outright income in 2020. b. Salaries payable at the end of the following years were omitted: December 31, 2017 2,500 5,500 December 31, 2018 December 31, 2019 7,500 December 31, 2020 4,700 c+ The following unused office supplies were omitted in the accounting records: December 31, 2017 3,500 December 31, 2018 6,500 December 31, 2019 3,700 December 31, 2020 7,100 Your answerIn 20X6, Dalia Corp., a calendar fiscal-year company, discovered that depreciation expense was erroneously overstated $58,000 in both 20X4 and 20X5 for financial reporting purposes. Net income in 20X6 is correct. The tax rate is 30%. The error was made only for financial reporting, affecting depreciation and deferred income tax accounts. CCA had been recorded correctly, and thus there will be no change in taxes payable. Additional information: 20X6 S Beginning retained earnings $446,000 20X5 $424,100 Earnings (includes error in 20x5) Dividends declared 83,800 61,300 94,200 2,300 Required: 1. Record the entry in 20X6 to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
- Which statement is true about a Business Loss Limitation in 2020? A. The CARES Act suspended the excess loss limitation provisions through the end of 2020. B. Business losses are never deductible C. Only losses up to $518,000 could be deducted in 2020. D. Only losses up to $259,000 could be deducted in 2020.A company overstated its liability for warranties by $120,000. Its tax rate is 30%. As a result of this error, income tax expense is: Multiple Choice Unaffected. Overstated by $36,000. Understated by $36,000. Understated by $84,000.Northwestern Ocean Lapidary Inc. has been in business since 2015. However, during the 2020 pandemic, the company suffered a large net operating loss. See below. Despite a bad 2020, the company expect to turn a profit in 2021 and in subsequent years. Below you will see the actual taxable income from 2018 to 2021. You will also see the company's expected taxable income from 2022 to 2025. Under current tax laws the company was unable to carry back the NOL in 2020. However, the company applied the NOL CF to offset all taxable income in 2021. Taxable Income 2018 2$ 144,000 2019 $ 252,000 2020 $ (876,000) 2021 $ 72,000 2022* 2$ 204,000 2023* $ 264,000 2024* $ 312,000 2025* 2$ 420,000 *Expected Existing and future enacted tax rates are as follows: 21% in 2018 to 2021, 25% in 2022 and 2023, 28% in 2024, and 32% in 2025 and all years thereafter. What is the DTA the company will report on its 2021 balance sheet that corresponds to the NOL Carry Foward? 227,160 353,880 212,040 212,040 None of the…
