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Mary incurred a $20,000 nonbusiness bad debt last year. She also had an $8,000 long-term capital gain last year. Her taxable income for last year was an NOL of $15,000. During the current year, she unexpectedly collected $12,000 on the debt. How should Mary account for the collection?
Shock Electronics sells portable heaters for $25 each unit, and the variable cost to produce them is $17. Mr. Amps estimates that the fixed expenses are $96,000.
Solve the question based on bonds and The bonds have a coupon rate that is greater than their yield to maturity
To accumulate $8,000 by the end of 5 years by making equal annual end-of-year deposits for next five years. If earning 7 percent on the investments, how much must be deposited at the end of each year to meet the goal?
MZC Ltd draws $2,000,000 in 180-day BABs at the current market rate of 7.0 percent per annum What proceeds will the firm receive from discounting the bill if the bank charges an acceptance fee of 1.5 percent?
Explain Fannie Mae
Tugan's Turf Farm owned the following items of property, plant and equipment as at 30 June 2012:Prepare general journal entries to record the above transactions and the depreciation journal entries required at the end of each reporting period up to 3..
You are considering buying a stock with a beta of 0.83. If the risk-free rate of return is 6.9 percent, and the expected return for the market is13.2 percent, what should the required rate of return be for this stock?
Generating of a Cash budget and the company likes to maintain a minimum cash balance of $50,000
If all assets, short-term liabilities, and costs vary directly with sales, answer the following questions? Hint: (Additional Financing Required = Projected assets -projected liabilities-current equity-projected increase in retained earnings)
Computation of unit cost using activity-based costing and Determine the unit cost for each of the two products using activity-based costing
Do you think the percentage of sales method may be more or less accurate in predicting the company's likely balance sheet?
The following are expenses are associated with manufacturing firms, merchandising companies, or service companies:
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