Q: A washer dryer combination can be purchased from a department store by making monthly payments of…
A: Given: Monthly payment = $62.25 Interest rate = 24% Years = 3
Q: Andrew purchased a stock for $250 and sold it for $175 one year later. If he earned a dividend…
A: Solution:- Stock yield means that how much the investor earns by investing in the stock. Stock yield…
Q: Tom Inc. report a $30million of net income. its EBIT is 50millions, the flat tax rate is 25%? What…
A: Solution:- Earnings before interest and tax (EBIT) means the net operating income of an entity. The…
Q: a. What is the PW(12%) ?
A: (a) Present worth of Investment @12& will be computed as below Particulars Y-1 Y-2 Y-3 Y-4…
Q: Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to…
A: Present worth The present value method refers to calculating the present value of future cash. The…
Q: The Natural Capital Protocol sets out four stages which businesses should conplete when assessing…
A:
Q: 6.Wainright Co. has identified an investment project with the following cash flows. Year…
A: Years Cash flows 1 720 2 930 3 1190 4 1275 We are given these cash flows for an…
Q: Identify the three trends (Primary, Secondary, and Minor based on “Dow Theory”) over the latest two…
A: Dow Theory:- Dow theory is a part of technical Analysis, which explains the three trends of Stock…
Q: Net cost of investment is 100,000. Profitability index is 1.3 while cost of capital is 10%. Useful…
A: The profitability index is a measure that is used to evaluate the profitability of investment. It…
Q: PROBLEM: what is the present equivalent value of BP's proposed payment schedule? GIVEN: F₁ = $3…
A: Present equivalent value is a concept of time value of money and it helps in determining the current…
Q: As you learned about the time value of money, 1) Explain why it is important to understand the time…
A: The time value of money (TVM) is the principle that an amount of money is worth more now than it…
Q: The three key groups in the economic environment are Group of answer choices consumers, economists,…
A: The economic environment refers to the determinants that has an impact on buying and selling habits…
Q: 28) 7.25% comp: monthly: if $1,000 is deposited into mouthly, how much is in acct. after Is years?…
A: (Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: ou need a 20-year, fixed-rate mortgage to buy a new home for $230,000. Your hortgage bank will lend…
A: The concept of time value of money will be applicable here. In case of time value of money when we…
Q: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI…
A: The loan can be paid by making monthly payments which are also called periodic payments. The monthly…
Q: If you place a stop-loss order to sell at $52 on a stock currently selling for $55.50 per share,…
A: Stop loss- This is a method adopted by an investor to limit the loss on a security position. The…
Q: The IFRS Framework distinguishes between enhancing qualitative charactensticS and fundamental…
A: The correct answer for the above question would be B). Understanding and comparability
Q: 1 ABC Insurance Company has released a new whole life participating product. Sheng purchased this…
A: Dividends Profits earned by a company can be divided into dividends and retained earnings. The…
Q: Alexa needs $8,600 worth of new equipment for his shop. He can borrow this money at a discount rate…
A: Maturity Value At the time of maturity, the total amount paid to the investor is known as the…
Q: Three students decided to save money so they can buy a house and lot for their parents after 5…
A:
Q: You are planning to make monthly deposits of $150 Into a retirement account that pays 9 percent…
A: We will have to determine the future value of all deposits at the end of 16th year. For this we…
Q: (Net present value calculation) Carson Trucking is considering whether to expand UT. The expansion…
A: NPV is the difference between present value of cash inflows and initial investment. NPV =PV of all…
Q: A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for…
A: Index value today= (Market capitalization today/Market capitalization on previous day)*Index value…
Q: If you wish to withdraw the annual payment series in the figure below, how much do you need to…
A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…
Q: Alex invested P25,000.00 to a business. The ROR is 9 % compounded quarterly and he expects to have…
A: Given that Amount invested = P25,000 Rate of return (ROR) = 9% compounded quarterly So quarterly…
Q: Mendez Company has identified an investment project with the following cash flows. Year Cash Flow 1…
A: Solution:- When some amount is deposited somewhere, it earns interest on it. The amount initially…
Q: A bond with face value P10,000 has a semiannual coupon rate of 6%. With a time to maturity of 3…
A: Current yield: The total revenue of a bond is divided by its market price to get the bond's current…
Q: Michael and Sandy purchased a home for $100,000 five years ago. If it appreciated 6% annually, what…
A: Purchase price = $100,000 Period = 5 years Growth rate = 0.05 Worth today = ? Future value is the…
Q: Jamie wants to have $1,000,000 for her retirement in 25 years. How much should she save annually if…
A: Annuity refers to annual end of year deposits required to accumulate a certain sum of money in the…
Q: Using an appropriate diagram(s), explain the concept of direct and indirect finance.
A: Financing is the movement of funds from the lenders to the borrowers. The same can happen directly…
Q: Ratio Debt ratio Times-interest-earned ratio Value Influenced by a firm's ability to make interest…
A: First let us list the formula to calculate the ratiosDebt ratio = total debt/total assets Times…
Q: Ted is an investor and has purchased an IIP for the original price of $984.31767830979. For your…
A:
Q: Is the equation for volatility not Σ P ( x - x̄ )^2 ? And I am finding online that covariance is…
A: Formula for Variance = Σ P ( x - x̄ )^2
Q: What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48,…
A: Solution: Sales refer to the amount earned by an entity from its operations.
Q: en you keep all parameters unchanged but increase K, will the cost of a European put option increase…
A: Put options gives the opportunity to sell the stock on the expiration but no obligations to do that,…
Q: 2. Suppose US government one-year Treasury bill (zero-coupon bond) with face value at $100 and the…
A: A zero-coupon bond does not pay coupons. Instead, it is sold at a value lesser(discount) than par…
Q: Given the above screenshot, which of the following is the correct percentage change in acquirer NPV…
A: Information Provided: Pro Forma Price Per Share = $41.82 Acquirer Price Per Share = $41.11
Q: Brad decides to purchase a $275,000 house. He wants to finance the entire balance. He has received…
A: Amount of Loan is $275,000 APR of 3.2% Time period of mortgage is 30 years To Find: Total interest…
Q: You are considering an investment in the stock market and have identified two potential stocks (XYZ…
A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: What is the value of the account after 5 years?
A: Information Provided: Initial Payment = $5000 Interest rate = 3% compounded monthly Payment after…
Q: Municipal Bonds and Tax-Exemption Required: Please calculate the equivalent…
A: Marginal Tax Rate Tax-Exempt Yield 10% 1% 12% 2% 22% 3% 24% 4% 32% 5% 35% 37%…
Q: You expect to receive $15,000 at graduation in two years. You plan on investing it at 11 percent…
A: =NPER(rate,pmt,pv,[fv],[type]) Rate The interest rate for the loan. Nper The total number of…
Q: Three professional siblings decided to save money so they can buy a house and lot for their parents…
A:
Q: ABC Co. Stock Price XYZ Co. Stock Price ABC Co. Cash XYZ Co. Cash ABC Co. Shares Outstanding XYZ Co.…
A: Given, ABC Co. Stock Price = $26.00 XYZ Co. Stock Price = $10.00 ABC Co. Cash = $2,000,000 XYZ Co.…
Q: Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be…
A: Material cost = $11 Labor cost = $4 Overhead cost = $7,000 Interest in March = $8,200 Employee…
Q: Determine the annual percentage yield, or the effective interest rate, for $1200 invested at 4.53 %…
A: Amount Invested is $12,000 Time period is 11 years Interest rate is 4.53% Compounded Daily…
Q: 1. A portfolio of 2 mutual funds, one investing in stocks and the other in bonds: ● ● Stock fund:…
A: As per the given information: Expected returnAllocationVarCovStock fund12%.5030090%Bond fund8%.50200…
Q: Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance…
A: Given: November $600,000 December $620,000 Particulars January February March…
Q: Assume a firm's inventory level of $11,000 represents 32 days' sales. Required: a. What is the…
A: The inventory turnover ratio indicates how many times the inventory was sold. It also indicates the…
Q: he risks and expected cash flows for Stock A and Stock B are the same. Indeed, these two stocks are…
A: Required rate of stock depends on the risk factors of the stock and many other factors and liquidity…
Step by step
Solved in 2 steps
- Reference Figure 12.15 and use the following information to complete the requirements. A. Determine the federal income tax withholdings amount per monthly pay period for each employee. B. Record the employee payroll entry (all employees) for the month of January assuming FICA Social Security is 6.2%, FICA Medicare is 1.45%, and state income tax is equal to 3% of gross income. (Round to the nearest cent if necessary.)LO.5 Beige Corporation has a fiscal year ending April 30. For the year ending April 30, 2018, Beige generated taxable income of 1,200,000. What is Beige Corporations tax liability for this period?In 2019, what is the top tax rate for individual long-term capital gains and the top tax rate for long-term capital gains of collectible items assuming that the Medicare tax does not apply. 10; 20 20; 28 15; 25 25; 28
- LO.3, 4, 5 Using the legend provided below, classify each statement under 2019 tax law. a. A foreign tax credit is available. b. The deduction of charitable contributions is subject to percentage limitation(s). c. Excess charitable contributions can be carried forward for five years. d. On the contribution of inventory to charity, the full amount of any appreciation can be claimed as a deduction. e. Excess capital losses can be carried forward indefinitely. f. Excess capital losses cannot be carried back. g. A net short-term capital gain is subject to the same tax rate as ordinary income. h. The deduction for qualified business income may be available. i. A dividends received deduction is available. j. The like-kind exchange provisions of 1031 are available. k. A taxpayer with a fiscal year of May 1April 30 has a due date for filing a Federal income tax return of July 15. l. Estimated Federal income tax payments may be required.Activity 5Answer the following questions below using the graduated tax table. Write your answer on the space provided after every questions.a. How much is the tax due on a taxable income of P150,000?Answer:b. How much is the tax due on a taxable income of P290,000?Answer:c. Ms. Carol earns compensation income of P3,230,000 during a taxable year. How much is the tax due of Ms. Carol? Answer:d. Mrs. Emily married earns compensation income of P460,000 during 2019. How much 1s the tax due of Mrs. Emily? Answer: Week 5 ACTIVITIES 5 29 Fundamentals of Accountancy, Business and Management 2e. The payslip of Mr. Budoy shows the following information:Basic salary P348,000SSS contribution 6,976PhilHealth contribution 4,500Pag-IBIG contribution 1,210How much is the tax due to Mr. Budoy?Answer:Question 13 Which answer is closest to the Estate tax exemption and top tax rate as of December 31, 2020? Answers: $10M, 45% $11.5M, 40% $12.5M, 30% $5M, 35%
- 20. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) Over But not over The tax shall be Plus Of excess over 250,000 0 0 - P 250,000 400,000 0 20% P 250,000 400,000 800,000 30,000 25% 400,000 800,000 2,000,000 130,000 30% 800,000 2,000,000 8,000,000 490,000 32% 2,000,000 8,000,000 2,410,000 35% 8,000,000 A taxpayer made available the following financial information: Gross sales - Php 10,000,000 Cost of sales – Php 6,000,000 Expenses: Salaries and wages – Php 1,000,000 Transportation and travel – Php 20,000 Rental - Php 240,000 Representation expense – Php 200,000 Depreciation expense – Php 200,000 Office supplies – Php 20,000 Miscellaneous expenses – Php 10,000…14. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) Over But not over The tax shall be Plus Of excess over 250,000 0 0 - P 250,000 400,000 0 20% P 250,000 400,000 800,000 30,000 25% 400,000 800,000 2,000,000 130,000 30% 800,000 2,000,000 8,000,000 490,000 32% 2,000,000 8,000,000 2,410,000 35% 8,000,000 Nicanor was employed by ABC Corp. from April 1, 2020. He receives basic pay of Php 20,000 per month as compensation. During annualization of compensation in November, it was determined that he will also receive the following: Additional compensation allowance – Php 5,000 Cash gift – Php 5,000 Christmas bonus – Php 5,000 Loyalty award – Php 5,000 Performance bonus/productivity incentive – Php 10,000 How much is the 13th month pay? Group of answer…18. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) Over But not over The tax shall be Plus Of excess over 250,000 0 0 - P 250,000 400,000 0 20% P 250,000 400,000 800,000 30,000 25% 400,000 800,000 2,000,000 130,000 30% 800,000 2,000,000 8,000,000 490,000 32% 2,000,000 8,000,000 2,410,000 35% 8,000,000 Nicanor, a businessman engaged in selling goods and services, reported gross sales of Php 1 Million and gross receipts of Php 2 Million. The company spent Php 150,000 for representation expenses. How much is the non-deductible representation expense? Group of answer choices Php 125,000 Php 105,000 Php 150,000 Php 25,000
- 12. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) Over But not over The tax shall be Plus Of excess over 250,000 0 0 - P 250,000 400,000 0 20% P 250,000 400,000 800,000 30,000 25% 400,000 800,000 2,000,000 130,000 30% 800,000 2,000,000 8,000,000 490,000 32% 2,000,000 8,000,000 2,410,000 35% 8,000,000 A taxpayer registered in 2010 made available the following financial information for TY2021: Balance Sheet: Asset - Php 500,000 Liability - Php 100,000 Stockholders' Equity - Php 400,000 Income Statement: Gross sales - Php 100,000,000 Cost of sales – Php 60,000,000 Operating Expenses - Php 30,000,000 How much is the income tax payable under CREATE Law if the taxpayer is a domestic corporation? Group of answer choices Php 2,500,000 Php 3,000,000 Php…13. Instructions Use the graduated tax table below if applicable: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) Over But not over The tax shall be Plus Of excess over 250,000 0 0 - P 250,000 400,000 0 20% P 250,000 400,000 800,000 30,000 25% 400,000 800,000 2,000,000 130,000 30% 800,000 2,000,000 8,000,000 490,000 32% 2,000,000 8,000,000 2,410,000 35% 8,000,000 A taxpayer registered in 2020 made available the following financial information for TY2021: Balance Sheet: Asset - Php 500,000 Liability - Php 100,000 Stockholders' Equity - Php 400,000 Income Statement: Gross sales - Php 10,000,000 Cost of sales – Php 8,000,000 Operating Expenses - Php 5,000,000 How much is the income tax due under CREATE Law if the taxpayer is a domestic corporation? Group of answer choices Php 300,000 Php 600,000 Php 200,000…Compute the income tax due in 2021. A. 50,000B. 800,000C. 290,000D. 400,000
