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- Charles lives in Houston and operates a small company selling drones. On average, he receives $849,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $390,000. He also pays several utility companies, as well as his employees wages totaling $359,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $72,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Charles does not operate the drone business, he can work as a programmer and earn a yearly salary of $25,000 with no additional monetary costs, and rent out his storefront at the $72,000 per year rate. There are no other costs faced by Charles in running this drone company. Identify each of Charles’s costs in the following table as either an implicit cost or an explicit cost of selling drones. Implicit Cost Explicit Cost The salary Charles could…Which of the following income received by an individual from a corporation cannot be apportioned between onshore and offshore under salaries tax? Select one: a. Income from pension other than Hong Kong Government pension b. Income from office c. None of the above d. Income from employmentManuel lives in Dallas and operates a small company selling drones. On average, he receives $778,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $462,000. He also pays several utility companies, as well as his employees wages totaling $257,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $12,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Manuel does not operate the drone business, he can work as a blogger and earn a yearly salary of $50,000 with no additional monetary costs, and rent out his storefront at the $12,000 per year rate. There are no other costs faced by Manuel in running this drone company. Identify each of Manuel’s costs in the following table as either an implicit cost or an explicit cost of selling drones. Implicit Cost Explicit Cost The wholesale cost for the…
- Question #78 of 85 Question ID: 1251891 An unmarried cohabitant has the following goals: (1) to leave all of his property to his domestic partner at his death, and (2) to avoid probate. He currently does not have a will, but recognizes that he needs an estate plan. Which of the following techniques will satisfy his goals? A) He should title his real property as tenants in common with his domestic partner. B) He should make lifetime gifts in the amount of the annual exclusion to avoid gift tax and preserve his estate tax exclusion amount. C) He should obtain a life insurance policy and name his domestic partner as the beneficiary. D) He should fully fund a revocable living trust that designates his domestic partner as the beneficiary.Compare the market multiple, LBO, and DCF models and discuss which one you prefer when it comes to the valuing of a private company. Explain.19-An Indian trader approached you with two quotes to know if there is a change in their values after 30 days. Spot rate INR 195 = 1 OMR and 1 INR = 0.00500 OMR after 30 days. Which one of the following will be your answer to the Indian trader? a. None of the options b. INR is appreciated and OMR is appreciated c. INR is depreciated and OMR is depreciated d. OMR is appreciated and INR is depreciated
- QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Total surplus after taxConsider the following end of year prices, rounded to a dollar of DGT (SPDR Global Dow) – 150 multinational blue-chip companies, and IWO (iShares Russell 2000 Growth) – small-capitalization growth sector of the U.S. equity market.Answer the questions below using the log-returns. Whenever appropriate, assume that the degree of integration of US market is 0.70, the correlation of US market with the global market is 0.45, there is no liquidity premium, and the Sharpe ratio of the global market is 0.30. Risk free rate is 2%. Year DGT IWO 2010 60 87 2011 54 91 2012 59 102 2013 69 139 What is the sample standard deviation of the returns of IWO? Select one: a. 14.3% b. 13.7% c. 7.6% d. 15.8%Which of the following expenses are reported on the income statement when they are incurred? Direct material Product costs Period costs Indirect material
- If a company’s total effective income tax rate is 40% and its state income tax rate is 20%, what is the company’s federal income tax rate? (a) 20% (b) 25 (c) 35% (d) 40% (e) 52%.Advise ABC Pty Ltd and Liberty Pty Ltd on the tax implications of the following arrangement.a. ABC Pty Ltd owns a country property bought as a potential factory site on whichthere is a considerable amount of gravel. At the start of the current income year,ABC granted to Liberty Pty Ltd the exclusive right for five years to excavate andremove gravel from the land in return for payments calculated as follows:i. a minimum payment by Liberty of $5,000 per month regardless of whetheror not any gravel is removed during that particular month;ii. subject to para (a), payment each month by Liberty of 50 cents per cubicmetre of gravel removed in that month; andiii. provided that if it is found at the end of any year that the total volume ofgravel removed in that year did not exceed 48,000 m3, then ABC will refundto Liberty any amount in excess of $50,000 paid by Liberty in that year underthe terms of the agreement mentioned in para (a).Both the federal government and individual colleges typically use needs analysis, which considers available income and assets, to determine eligibility for financial aid. Consider a simplified version of needs analysis in which grant aid is awarded in the following manner: - Line A: Total adjusted gross income as reported on income tax form - Line B: Supplement from assets, equal to 0.2 × assets per year - Expected Family Contribution (EFC):0.35 × [Line A + Line B] - Aid Rule: Grant = max(0,$15,000 − EFC) a. What are the maximum levels of income (assuming zero assets) and assets (assuming zero income) at which an individual could be expected to receive financial aid?