Question 1
Hannah, a partner in the cash basis HBA Partnership, has a one-third interest in partnership profits and losses. The partnership?s balance sheet at the end of the current year is as follows: Basis FMV Basis FMV Cash $60,000 $60,000 Hannah, capital $60,000 $200,000 Receivables 0 300,000 Brittney, capital 60,000 200,000 Land 120,000 240,000 Alexis, capital 60,000 200,000 Total $180,000 $600,000 Total $180,000 $600,000 Hannah sells her investment in the HBA Partnership to Richard at the end of the current year for cash of $200,000. a. How much income must Hannah report on her tax return for the current year from the sale, and what is its nature? b. If the partnership does not make an optional adjustment to basis election, what are the type and amount of income that Richard must report in the next year when the receivables are collected? c. If the partnership did make an optional adjustment to basis election, what are the type and amount of income that Richard must report in the next year when the receivables are collected? When the land (which is used in the HBA Partnership?s business) is sold for $300,000? Assume no other transactions occurred that year. I attached a better version of the assignment in pdf
Question 2
Read the Harvard Business Case Study Kanter, R.M. (2009). IBM in the 21st century: The coming of the globally integrated enterprise. Harvard Business School Publishing, Product: 5-310-006. Prepare a case analysis on the topic of organizational challenges when becoming a globally-integrated enterprise. Case analysis questions to consider for your response: ? What global forces drove IBM to become a globally-integrated enterprise? ? How has IBM adapted thus far? Have they been successful? ? What skills should global leaders have? ? If you were Jon Iwata and John Kelly, what recommendations would you make to Sam Palmisano? How would you implement them? Your analysis of this case and your written submission should reflect an understanding of the critical issues of the case; integrate the material covered in the text and present concise and well-reasoned justifications for the stance that you take. The case analysis should be at least three-five pages long (excluding title and reference pages), double spaced. Check for correct spelling, grammar, punctuation, mechanics, and usage. Citations should use APA style. Case Analysis Criteria Your case analysis should consist of: ? A brief analysis of the situation and pending decision problem, as presented in the case, and as relevant to your answer. This should be exceptionally brief and you should assume the person reading the assignment is familiar with the details of the case. ? Identification of the major issues surrounding the organization or individuals involved with the organization. ? Identification of alternate courses of action to address the issues identified. ? The decision or recommendation for action, with the appropriate supporting arguments. ? The Case Question(s) is designed to guide the direction of your analysis in the case. Your analysis should address and ultimately answer the Question(s).
Question 3
Question 1 What is the net present value of the following cash flows? Assume an interest rate of 3.59% Year CF 0 -$12,889 1 $7,875 2 $5,366 3 $7,441 Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answers box. Question 2 In its most recent financial statements, ABC reported $57,648 of net income and $640,616 of retained earnings. The previous retained earnings were $787,805. How much in dividends was paid to shareholders during the year? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. Your firm has the following balance sheet statement items: total current liabilities of $325,000; total assets of $3,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm?s net working capital? $1,560,000 $1,885,000 $1,080,000 $325,000 $1,685,000 A project has the following cash flows. What is the internal rate of return? Year 0 1 2 3 Cash flow -$121,000 68,150 $42,200 $39,100 13.47% 13.85% 14.82% 14.39% 12.71% Question 5 ABC Company offers a perpetuity which pays annual payments of $17,778. This contract sells for $253,738 today. What is the interest rate? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 6 A firm has a return on equity of 13.1 percent, a net profit margin of 8.4 percent, and total equity of $615.5. What is the net income? Question 7 Consider a taxable bond with a yield of 12.9% and a tax-exempt municipal bond with a yield of 6.7%. At what tax rate would you be indifferent between the two bonds? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 8 What is the effective rate of 9% compounded monthly? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 9 ABC Company has a debt-equity ratio of 0.7. What is the debt ratio? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 10 Calculate the project's IRR. Do not write the '%' sign in your answer. If the answer is 12.45%, you will enter 12.45 Year 0 1 2 3 4 Cash flows ?$1,050 $400 $400 $400 $400 Question 11 Calculate the NPV of a project that requires investment of 872 and provides the cashflows of 368, 201, 275, 326 in the next 4 years. The relevant discount rate is 11%. (All numbers are in dollars) Question 12 Find the payback period for a project that requires investment of $31 and returns $12 every years for 7 years. Question 13 How many years will it take to triple your money at 14% compounded monthly? Enter your answer rounded off to TWO decimal points. Do not enter "years" in the answer box. Suppose an investment offers to double your money in 31 years. What annual rate of return are you being offered if interest is compounded semi-annually? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. ABC Company lists total assets of $4,483, current liabilities of $244 , long-term debt of $865 , and 203 shares of common stock. If the market price per share is $72, what is the market-to-book ratio? Enter your answer rounded off to two decimal points. ABC Company has total assets of $869,997. There are 41,756 shares outstanding with a market value of $32 per share. If the net profit margin is 6.4% and the total asset turnover is 1.6, what is the price/earnings (P/E) ratio? Enter your answer rounded off to two decimal points. Suppose you take a mortgage for $135,908 for 16 years with annual payments. If the annual interest rate is 3.3%, calculate the total interest amount paid over the life of the loan. That is, calculate the total interest paid in 16 years. Hint: Use the amortization table. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. Question 18 Suppose you invest $32,408. If the interest rate is 12% compounded quarterly for the first 10 years and 3% compounded monthly for the next 5 years, what is the future value after 15 years? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.
Question 4
Discussion Topic: Mincin, CPA is the auditor of the Raleigh Corporation. Mincin is considering the audit work to be performed in the accounts payable area for the current year's engagement. The prior year's working papers show that confirmation requests were mailed to 100 of the 1,000 suppliers. The selected suppliers were based on a sample which was assigned to select accounts with large dollar balances. A substantial number of hours was spent by Raleigh and Mincin in resolving relatively minor differences between the confirmation replies and the accounting records. Alternative audit procedures were used for supplier who did not respond to the confirmation requests. Required: a) Discuss the account payable audit objectives b) Discuss situations in wihc the auditor should use accounts paayable confirmations and discuss wheter the auditor is required to use them. c) Discuss why the use of large-dollar balances as the basis for selecting accounts payable for confirmation might not be the most efficient approach, and indicate what more efficient procedures could be selected for accounts payable conformation. d) Discuss how analytical procedures could be use to help resolve some of the issues related to the audit objectives.,Just a friendly reminder, my assignment is due tonight at midnight!!!
Question 5
I have 3 questions I need help understanding- 1. Suppose you are going to receive $15,000 per year for four years. The appropriate interest rate is 10 percent. Requirement 1: (a)What is the present value of the payments if they are in the form of an ordinary annuity? $66,164.76 $69,615.00 $47,547.98 $76,576.50 $52,302.78 (b)What is the present value if the payments are an annuity due? $52,302.78 $47,547.98 $66,164.76 $69,615.00 $76,576.50 Requirement 2: (a)Suppose you plan to invest the payments for 52302.78 years. What is the future value if the payments are an ordinary annuity? $66,164.76 $47,547.98 $52,302.78 $76,576.50 $69,615.00 (b)Suppose you plan to invest the payments for 52302.78 years. What if the payments are an annuity due? $69,615.00 $66,164.76 $47,547.98 $76,576.50 $52,302.78 2. What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now and the last payment is received 22 years from now? $19,664.95 $18,136.50 $66,500.50 $51,386.75 $27,581.10 3. You want to buy a new sports car from Muscle Motors for $44,200. The contract is in the form of a 60-month annuity due at a 5.95 percent APR. Required: What will your monthly payment be? $849.27 $219.16 $1,378.37 $780.50 $2,629.90 Please show all work so I fully understand how to solve the problem.
