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A snow resort group is considering investing in a ski resort at the Pocono's Mountains. The initial investment required is $3 millions but the revenues and operating costs depends on the number of days of the winter season. The number of days of the winter season depends on the weather and consequently is subject to uncertainty, which is estimated to be normally distributed with a mean of 210 days and a standard deviation of 15 days. Each day that the resort operates generates revenues of $6000. The operating and maintenance costs of the first year are estimated to be $500,000 but they increase each year based on usage of the facility, which is a random variable. The salvage value also depends on the usage of the facility and is uncertain. The probability distributions of the incremental cost per year in the O&M costs and the salvage values are as follows:
The group uses a MARR of 12% and plans to operate the facility for 5 years, at which time will be sold at the salvage value. Perform a Monte Carlo simulation with 1000 replications to determinea)The expected value of the present worthb)The standard deviation of the PWc)Using the Central Limit theorem, calculate the probability the investment be profitable.
Advise the directors of Ruby Pty Ltd of the tax deductibility of the above amounts. You must make reference to appropriate authorities and legislation.
What disclosures for deferred taxes, pertaining to the income statement, are required by GAAP regarding accounting for income taxes?
What are the tax concepts involved in completing the Schedules C and SE? Explain in detail and what are the tax planning considerations you took into account while completing the Schedules?
Which bond should he choose if his tax rate is 30 percent? At what tax rate would he be indifferent between the bonds? What strategy is this decision based upon?
hen the Schnappaufs prepared their 2009 tax return, they elected to expense the computer and printer using Section 179. The computer system and the printer were used exclusively in her business.
a future tax asset and liabilityin 2008 the initial year of its existence hyland companys accountant in preparing both
January 2013 for $25,000. Both entities charge depreciation at a rate of 10% p.a. on cost in relation to these items. On 31 December 2013, Claire Ltd sold this asset to Anna Ltd for $20,000.
Advise George in each of the above situations as to his tax liabilities. Also advise him as to whether his receipts are income or capital on general principles.
foreign currency translationour foreign subsidiaries and investments generally report their earnings in their local
Puerto International has a branch in Mexico that manufactures a garage door alarm for people with mountain bike racks that fit on the top of their cars. The subsidiary earned $800,000 in 2000 before tax, with Mexican corporate tax rates at 40 ..
A Texas attorney contemplates entering into an employment contract regarding child support arrearage lawsuits with the client based on a (contingency fee) percentage of the amount of arrearage recovered for the client.
Susan works as a retail manager and Rob is a self-employed electrician but does not maintain a home office - Determine the for the Cowen's 2015 tax year
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