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Fatimah and Ahmad, who make $50,000 per year, calculated their average tax rate at 20 percent. They contribute 15 percent of their income to charity and pay themselves 10 percent of their income. They have 25 years and $100,000 remaining on their 6-percent mortgage ($7,730 per year), three years and $20,000 remaining on their 7-percent auto loan ($8,410), and 10 years and $9,000 remaining on their 4-percent college loan ($1,160). In addition, utilities and property taxes were $2,250 per year, food was $5,500, insurance was $2,000, and other expenses were $5,530. Calculate their income statement using the better method, and round values to the nearest $10. How are they doing?
Explain what non-cash transactions does the company have on its cash flow statement? Explain what are some other examples of non-cash transactions?
Does Lowe's use the direct or indirect method to report cash flows from operating activities? How can you be sure about this? Include in your answer the first three items in the Cash from Operations section.
Explain the relationship between code of conduct and corporate governance and research and report on current issues and trends in corporate governance reporting.
journal entries for paid balance due on the merchandise inventory purchase.1.312009 goochland issued 500000 of 10-year
Identify alternative revenue recognition criteria that Uddin could employ concerning textbook sales - briefly discuss the reasoning
indicating each item whether it would appear on a balance sheet or an income statement.indicate for each of the
Base on the ratios computed in requirement a, comment on the apparent effects of Whirlpool's acquisition of Maytag. Assume any significant change in these ratios was the result of the aquistion. Calculate the ratios?
determine the average costnbsp from the given data.svens cookhouse is a popular restaurant located on lake union in
net profit margins and working capital to sales ratios stay constant." What pattern of return on equity is implied by these assumptions? Is this reasonable?
1 for the year 2012 luda corp a cal year business had the following transactionstaxable income 4200000excess intangible
Inventory and Cost of sales - Need to evaluate amount of cost of goods sold using: FIFO, LIFO and weighted average.
Evaluate of Dividend per share, Net Dividend per share and Retention Ratio. If each preferred shareholder pays an income tax of 33.33% on their dividend income, what will be their net dividend earning? What is the retention ratio?
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