User Account

All Pages

Calculate company as fbt liability for the year

Assignment Help Accounting Basics
Reference no: EM131815322

A Company provides its employee with a car on 1 April 2015. Daniel is entitled to use it for personal transport, but he lives in the city so it stays garaged for most of the year. The car cost $75,000. employee paid $1,500 for insurance, which Company A reimbursed.

Company A provides its managing director with a loan of $20,000 to purchase a jet ski on 1 April 2015. Company A charges director interest at 2.95% per annum.

Calculate Company A's FBT liability for the 2016 FBT year

Reference no: EM131815322

Questions Cloud

Journalize the entry to record the sale of bonds on april : Journalize the entry to record the sale of bonds on April 1, 2012. For a compound transaction, if an amount box does not require an entry, leave it blank
Loan outstanding how much is sheils personal liability : Has no remaining assets unfortunately the rink still has a $40000 bank loan outstanding how much is Sheils personal liability?
Evaluate the performance and behaviour of your stocks : Determine whether the stock performance of each of your foreign companies is influenced by the exchange rate movements of the company's local currency against
When investigating a crime scene : When investigating a crime scene, what types of quantitative data would you want to identify, and what type of qualitative data would be helpful in solving a cr
Calculate company as fbt liability for the year : A Company provides its employee with a car on 1 April 2015. Daniel is entitled to use it for personal transport
Designing quantitative versus qualitative research : What are the main differences in designing quantitative versus qualitative research?
What is the relationship between tc and tvc curves : Draw the graphs of the TC and TVC curves. What is the relationship between these two curves? Draw the graphs of the ATC, AVC, and MC curves.
Identify three habits that you want to work on : Find quality, credible advice to help you give your first recorded speech. (Make sure it is a different resource than one found by a classmate.)
What is the role of the victim : What is the role of the victim once a criminal case is filed in court?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd