
Ann, an accountant, prepares a tax return for a client, Beta Sales Company. Carl, who is not an accountant, prepares a tax return for Dina's business, Delta Services. Can an accountant who prepares a tax return for a client be liable for any false

If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom's office floor, then: (Points : 1) Tom must report income on his tax return. Carl must report income on his tax return. Neither Tom nor Carl

1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company is 25 with a

a company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall popualtion of sales people at this national company is 25 with a standard

1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company is 25 with a


what would be the argument Susan Smith (the company accountant) has been approached by XYZ Ltd, a major client of Wellbuilt Pty Ltd, with a business proposal that appeared too attractive to refuse. Susan incorporated her own company to enter this contract.

1. A company decides to add a new program that prepares randomly selected sales personnel to increase their number of sales per month. The mean number of sales per month for the overall population of sales people at this national company is 25 with a

__________ tax is a tax calculated on the subtotal of your bill. Sales *** Credit Income To find just the tax amount of a given subtotal, you would ___________________. multiply by the sum of one and the sales tax rate multiply by the sales tax rate ***

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2

Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to

A company has revenues of 100 per unit sold. Current sales are 7500 units. Labor rates are 15 per hour. It takes 1.2 hours of labor to make each buggy. Material costs are 13.50 per unit. Figures are expected to remain the same permanently if the company

Your company recently made a purchase of 25 identical tables. The purchase price after adding 5% sales tax was $1,706.25. You later realize that you only needed 20 tables. If you decide to return five tables, what would be the refund amount before tax?

I. Memorandum D. Explain the tax effect based on providing $180,000 per year for the client’s salary and $70,000 per year for his daughter’s salary if they withdraw cash from the business or pay dividends as appropriate. E. Justify the percentage of

I. Memorandum D. Explain the tax effect based on providing $180,000 per year for the client’s salary and $70,000 per year for his daughter’s salary if they withdraw cash from the business or pay dividends as appropriate. E. Justify the percentage of


If our company's bank loan has a 12 interest rate, what is our effective, aftertax interest cost? Assume the tax rate = 38% If our preferred stock is paying a contractual $1.85 annual dividend and has current market price of $13.50, what is our cost of

If our company's bank loan has a 12 interest rate, what is our effective, aftertax interest cost? Assume the tax rate = 38% If our preferred stock is paying a contractual $1.85 annual dividend and has current market price of $13.50, what is our cost of

Hi, I need to learn how to explain and solve the following Finance problem. I don't understand this at all!!!, please show all solutions... Calculate the required return on an asset that has a beta of 1.25, when the expected return on the market portfolio

CORPORATE TAX ¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T¨T Memo: Whomever Date: A few minutes ago ¡ From: Maire, Advanced Federal Taxation P.C. Re: 2007 Tax Return for New Client I received a call late last night from a prospective

When considering how profitably your company is operating, you examine: a) inventory turnover. b) sales and the return on your investment. c) depreciation and liquidity. d) tangible and intangible assets. e) the price of the Canadian dollar. I think the

You are provided the following information on a company. The total market value is $40 million. The capital structure, shown here, is considered to be optimal. Accounting Value Market Value Bonds, $1000 par, 6% coupon, 6% YTM $10,000,000 $10,000,000

Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount

Four monkeys ann,bob, carl and don set of to gather bananas after collecting their bananas they tired and fell a sleep Ann woke up first and ate 1/3 bob ate 1/3 carl ate 1/3 and don ate 1/4 He left 12 bananas for his 3 friends how many banana did monkeys

The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent longterm debt and 60 percent common equity. The before tax cost of debt is estimated to be 10 percent and the company is in

Jill bought supplies at a hardware store that cost $41.75. If she paid sales tax of $1.67, what was the sales tax rate?: * 5.5% 5.0% 4.5% 4.0% Please explain, thanks.


Midtown Antiques collects 2% sales tax on all sales. If total sales including tax are $1161.87 find the portion that is the tax amount.

Midtown Antiques collects 4% sales tax on all sales. If total sales including tax are $1058.30, find the portion that is the tax. Round your answer to the nearest cent. A)$40.70 B)$42.33 C)$1017.60 D)$30.70 E) none of the above

══════════════════════ Memo: Whomever Date: A few minutes ago … From: Marie, Advanced Federal Taxation P.C. Re: 2007 Tax

1. Ann commanded/ordered that he (should) go there. 2. Ann suggested/proposed that he should join the club. 3. Ann insisted that he (should) wash the car. 4. Ann requested that he (should) go see a doctor. 5. Ann decided/determined that he (should) go to

What does beta mean in terms of overall risk to a company? What are the implications for raising equity capital for a company based on beta? Would you merge with high beta or low beta companies? Beta has nothing to do with risk to a company. Beta is a

Jim and Kay Bridges contributed to the support of their two children, Samantha and Amanda, and Jim's widowed parent, Carl. For 2009, Samantha, a 19 year old full time college student, earned $4,500 as a babysitter. Amanda, a 23 year old bank teller,

please check my answer thanks :) The sales tax is 7% The purchase including sales tax is $676.24 what was tha total amount of sales tax ? I got $47.34

Your client is a nongovernmental notforprofit museum that operates a gift shop. Explain the unrelated business income tax to your client and suggest ways to avoid this tax.

Your client is preparing financial statements to show the bank. You know that he has incurred a computer repair expense during the month, but you see no such expense on the books. When you question the client, he tells you that he has not received the

Consider the following two securities X and Y X y Return 20.0% Return 10.0% Standard Deviation 20.0% Standard Dev 30% Beta 1.50 Beta 1.0 Riskfree asset Return 5.0% Using the data from the table, what is the portfolio expected return and the


The new credit manager of Kay's Department store plans to liberalize the firm's credit policy. The firm currently generates credit sales of $575,000 annually. The more lenient credit policy is expected to produce credit sales of $750,000. The bad debt

tom paid 695.5 for a tv when 7% sales tax was included in that price what was the price of the tv before the tax and how much sales tax did tom pay? You can set it up this way: 1.07x = 695.5 x = _______ That will tell you the price of the TV. The

A portfolio manager is managing a $10 million portfolio. Currently the portfolio is invested in the following manner: Investment Dollar Amount Invested Beta Electric Utility $2 million 0.6 Cable Company $3 million 0.8 Real Estate Development $3 million 1.2

What type of accountant would collect information on a firm's transaction and use the information to prepare financial statements that companies use in decision making? a. Public accountant b. Management accountant c. Notforprofit accountant d.

Jermaine had dinner at his favorite restaurant. It the sales tax rate is 4% & the sales tax on the meal was $1.25, what was the total cost of the meal, including sales tax and a 15% tip

you find a sales receipt from a store that shows the total price as $40, and the total amount paid including sales tax as $42. a. Write an equation you can use to find the sales tax rate r. b. Can you use r to find the percent for the sales tax?

If the sales tax on an item is 7%, the sales tax on an item costing d dollars can be found by the expression .07d. Determine the sales tax on a compact disk that cost $15.99.

The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent longterm debt and 60 percent common equity. The beforetax cost of debt is estimated to be 10 percent and the company is in

Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount

Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount


State sales tax is based on retail price. An item that sells for $115.99 has a sales tax of $8.12. Find a mathematical model that gives the amount of sales tax y in terms of the retail price x. (Round the coefficient to two decimal places.) y = Use the

I am so confused can anyone help me understand which one is correct and why.... Beta is estimated as the slope of a regression line fit to pairs of periodic returns, (rx, ry), where: rx is the return for a market index such as the S&P 500 Index. rx is the

A group of friends went to lunch. The bill, before sales tax and tip, was $37.50 . A sales tax of 8% was added. The group then tipped 18% on the amount after the sales tax was added. What was the amount, in dollars, of the sales tax? What was the total

3. Design a Pilot Test. Following are descriptions of three situations in which a test has been developed. Read each situation and then design a pilot test. Answer the following questions about the pilot test: a. Who will take the test? b. What information

Aunt Sally's Food Inc. is considering expansion. Sally has paid $100,000 for a marketing study to assist in the potential valuation. The study indicates that the new product will have sales of $1,500,000 per year each year for the next 6 years. However,

your receipt shows that you paid $82.83 for a shirt including sales tax. The sales tax rate is 9%. find the amount you paid in sales tax

Aunt Sally's Food Inc. is considering expansion. Sally has paid $100,000 for a marketing study to assist in the potential valuation. The study indicates that the new product will have sales of $1,500,000 per year each year for the next 6 years. However,

Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount

A video games price was 90$. The store offered 10% discount. How much did a costumer pay if there was a 8% sales tax on the selling price? 10% of $90 = a (90 x .10) $90  a = b b x .08 = sales tax To add to what Writeacher said, Multiply b x 1.08 and that

I'm a beginner to Java and I need to know how to do the following: Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the


Sales tax is a tax calculated on ______________. the subtotal your income the total To find the total amount you are going to pay, you would _______________. multiply by the sum of one and the sales tax rate multiply by the sales tax rate 2.

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244.

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244.

K this is what I have so far. I am wondering if i did the CAPM right and if that is all i need for that part and then I need to know how to do the Constant Growth Model. When you do yours, assume the riskfree return as 6% Assume the expected market return

Suppose a company will issue new 5 year debt with a face value of $1000 and a coupon rate of 8 percent, paid annually.If the issuing price is $1080 and the tax rate is 40 percent.what is the aftertax cost of debt?If the expected rate of return of the

Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects that 9 percent of the new accounts will be uncollectible. Collection costs are 5 percent of new sales, production and selling costs are 78 percent, and

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10)

1.one of your cliets has 10000 to invest and would like to see it grow to 30000 over the next 20 years. what average yearly rate return does this client need to meet that goals 2.another client wants to see their money grow to 15000 in the next 3 years.

Auston,Ben and carl spent all their mone on a dinner which cost $60. Auston paid thrice amount of money paid by Ben and Carl. Ben paid $1.60 more than Carl. If they were to share the cost of the dinner equally, how much must Ben and Carl each return to

evaluates investment opportunities using payback. The finance director who has been with the company since its formation in 1975, has recently heard that this method may not be the best for evaluating long term projects. You have been brought in to advise


Which of the following is usually the most regressive tax? A. Inheritance tax B. Income tax C. Property tax D. General sales tax E. Luxury tax

VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statement. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244.

Emily bought 3 shirts for $12.50 each and a pair of shorts for $20. She had a coupon for $3 off her purchase, before sales tax. Sales tax is 6%. How much did Emily pay for the clothes after the coupon and sales tax? A $54.50 B $57.77 C $60.50 D $64.13

Emily bought 3 shirts for $12.50 each and a pair of shorts for $20. She had a coupon for $3 off her purchase, before sales tax. Sales tax is 6%. How much did Emily pay for the clothes after the coupon and sales tax? A $54.50 B $57.77 C $60.50 D $64.13

how do I compute sales tax? $1,367.85. sales tax rate is 5.75%. also, how do I add in city tax?

four monkeys, ann, bob, carl, don set off to gather bananas. after collecting their bananas, they felt tired and fell asleep. ann woke up first and ate 1/3 of the bananas. bob woke up next and ate 1/3 of the remaining bananas. then carl woke up and ate 1/3

Design a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county tax. Assume the state sales tax is 4 percent (.04) and the county tax is 2 percent (.02). The program should display the amount

A company makes an investment of $150,000 with a useful life of 10 years and expects to use this investment to generate $300,000 in sales with $280,000 in incremental operating costs. If the company operates in an environment with a 30% tax rate, what are

A company makes an investment of $150,000 with a useful life of 10 years and expects to use this investment to generate $300,000 in sales with $280,000 in incremental operating costs. If the company operates in an environment with a 30% tax rate, what are


Pat must pay a 6 percent state sales tax and a 2 percent city sales tax on school supplies. If the price of the supplies tax before taxes is $30.00, what is the total amount tha Pat must pay In Sales tax? A $0.25 B $0.90 C $1.80 D $2.40 E $2.60

What is the value of a common stock if: a) If earnings and dividends are growing annually at 10%, the current dividend is $1.32 and investors require a 15% return on investmenets in common stock? b)What is the value of this stock if you add risk to the

Which "average" would be best to use in the following situation? The accountant for a small company is asked to determine the average salary of its employees. The company is owned by two brothers who each make over $300,000 per year. The accountant makes

Suppose you are considering two investments, stock A and stock B. The beta of A is 1.20, and the beta of B is 0.80. Stock A has an expected return of 12% and Treasury Bills are yielding 3%. If the two stocks are fairly prices, what's the expected return on

2. ABC Inc. is a levered company. The firm has $50 million bonds outstanding with an annual coupon rate of 4% and an YTM of 4%. It has 100 million shares outstanding with a price of $5 per share and a beta of 1.2. Corporate tax rate is assumed to be 40%.

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer

Hannah had dinner at her favorite restaurant. If the sales rate is 4% and the sales tax on the meal came to $1.25, what was the total cost of the meal, including sales tax and a 20% tip?

1)A bakery can sell muffins for $1 each. If it costs the bakery $5 to make 20 muffins, what percent of the money made from muffins sales is profit? 2) A community is considering increasing the sales tax rate 0.5% to fund a new sports arena. If the tax rate

For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and

For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and


For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and

Which is an effective strategy for ending an informative letter to a new client? A. stress that the reader is welcome to call anytime if more information is needed. B. Refer to your company's future relationship with the readee's organization. c. Mention

zoomer bix plans to but a microcomputer that costs $690, excluding sales tax. if the sales tax rate is 5 1/2% how much tax will zoomer have to pay

A community is considering increasing the sales tax rate 0.5% to fund a new sports arena. If the tax rate is raised, how much more will you pay in sales tax on $500?

draw a use case diagram for the following situation Stillwater Antiques buys and sells oneofakind antiques of all kinds. Each item is uniquely identified by an item number and is also characterized by a description, asking price, condition, and open

A data processing analyst for a research company finds that a preliminary computer run of survey results that his company conducted for a client show that consumers love the client's new product. Based on that information, the analyst buys a large block of

A small vessel (this means 10 year life) was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation. When its requirements changed suddenly, the chemical company leased the vessel to an oil company for 6 years at $10,000

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was requird to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was a $1,244 b

A company has plans to increase its sales at the rate of 6% per year. If the sales of the company in 2001 were $23 million, how much sales can you expect the company to make in the year 2003?

Frankland Company is an accrual method company, On December 30, 2003, it received a prepayment of $36,000 from a tenant, who is leasing a warehouse from Frankland. The payment represents the rental for the period January 2004 through December 2006. How


What are your client’s investment proportions in your three stocks and the Tbill fund? c. What is the standard deviation of the rate of return on your client’s portfolio?

Monica paid sales tax of $1.50 when she bought a new bike helmet. If the sales tax was 5% how much did the store charge for the helmet before tax?

What is the amount of sales tax owed on a $39 jacket if the tax rate is 5%? $1.85 $1.90 $(1.95) $195.00 A flower arrangement was marked down 12.5%. If the flowers originally cost $20, what is the amount of the discount? $2.40 $(2.50) $2.05 $17.50 Find the

David lives in Manhattan, where the combined state/local sales tax is 8.375 percent. David just purchased a digital camera that was priced at $800. Determine the sales tax he paid by calculating 8.375 percent of $800 (multiply by 0.08375). How much sales

Based on this financial info where a company's Beta Year = 2008, the Company's commons stock = 0.85, the RiskFree Rate of Return = 5%, and the Market Risk Premium = 6%. Use the dividend growth model to calculate the Company's Common Stock in 2008. Stock 1