Accounting and Finance

Tag: selected t accounts of more company Selected T-accounts of Moore Company are given below for the just completed year: What was the cost of raw materials used in production during the year? How much of the materials in (1) above consisted of indirect materials? How much of the factory labor cost for the year […]

Research a publicly traded company that engages in e-commerce activities. Write a 5–6-page paper in which you: Describe the company you researched in 1–2 paragraphs. Discuss how an Activity-Based Costing (ABC) system can be implemented in the company you researched and the benefits that the use will yield to the business performance. Assess how using an ABC system can provide a competitive advantage to the company in the e-commerce marketplace for which it competes and the resulting impact to the business performance. Examine the potential impact of ABC costing on e-commerce activities compared to those provided through traditional channels, considering how this knowledge will impact decisions made by management about these services.

Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI)…The deduction is available, regardless of whether taxpayers itemize deductions on Schedule A or take the standard deduction.  Eligible taxpayers can claim it for the first time on the 2018 federal income tax return they file in 2019.What line can this deduction be found on Form 1040?Suppose business income was $100,000. Enter the appropriate deduction in the appropriate line to your answer for the previous questions. Ignore all other lines and attach the Form 1040.Is this a For or From AGI deduction?Regardless of your answer to the previous question, how is QBI deduction similar to other For AGI deductions?How is the QBI deduction similar to other From AGI deductions?

Vocabulary: Define 1. Net Present Value Method 2. Internal rate of return 3. Total cost approach 4. Incremental cost approach 5. Cash Flow

The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 7,000 Receipts from customers 368,600 Payments for goods Dividends on stock investments 5,400 Payments for operating expenses Proceeds from the sale of equipment 36,000 Interest paid Proceeds from issuance of Taxes paid bonds payable 499,200 Dividends […]

– 25, 10, 20, 15 – 3.69, 7.2, 6.48, 3.89 TO 9.2, 7.82, 4.49, 4.69 – 4,896,000, 4,000,000, 5,544,000, 9,600,000 TO 6,946,000, 9,846,000, 13,190,000, 5,000,000 – correct/ incorrect AND all/ all but one 1. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of […]

ACCT504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study […]

Larry’s tax basis in his partnership interest at the beginning of the year was $9,000. If his share of the partnership debt increased by $5,000 during the year and his share of partnership income for the year is $1,800, what is his tax basis in his partnership interest at the end of the year?

Simplified circular flow diagram for the economy of Micronia. ( no investment in Micronia.) a. what is the value of GDP in Micronia? b. What is the value of net exports? c. what is the value of disposable income? d. Does the total flow of money of houses hold the sum of taxes paid and […]

Analyze the cost of capital situations of the following company cases, and answer the specific questions that finance professionals need to address. Consider the case of Turnbull Co. Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and […]