Question 1
Is there another expert that can take my question? Maybe one a little younger than Michael? His time is too precious for $40 and he wants to be buried with all his money.,I didnt think it was going to be picked up so I started it myself. I have done up to question 21. Would you be able to complete the rest of it for me? Since i did a third of it, I would like a third of the price. Please let me know.,you will answer all questions 1-59 or just 21-59? if you do all, 1-59 than you will receive $40. if you only do 21-59 than you will receive $30. Please let me know. Again, I will need this no later than 9pm tomorrow. Thanks.,i have not received your answer. what is the current status of my request? what questions are going to be answered at what rate? please respond asap so I can confirm.,just want to confirm I am going to reveive this by 9pm eastern time today?,it is now 9:47pm. This was supposed to be submitted by 9pm. I have to have this within the next 30 minutes or so. Please advise!!!!,You submitted this assignment past the deadline. I did not receive it until almost 10pm, almost one hour after the deadline so it is late.,for some reason, these posts on the course hero website has the time incorrect. i received an email to my mailbox from you when you answered the question. here is the email header i received with the correct time. i also sent an email to support after 9pm as i had not received the assignment. I called support line and left a message as well. From: tutors@coursehero.com Sent: Tue 5/15/12 9:51 PM To: ynasher@live.com Hi ynasher@live.com, I just answered your Accounting question on Course Hero. Please follow the link below to review your answer or to send me a message.,Did you not see the email i pasted in?,I contacted your support line and left a message and also emailed as well but have not heard back from them. please have your supervisor call me at 718-309-1786.
Question 2
Exercise 13-2 An analysis of comparative balance sheets, the current year?s income statement, and the general ledger accounts of Conard Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. (a) Payment of interest on notes payable (h) Issuance of capital stock (b) Exchange of land for patent. (i) Amortization of patent. (c) Sale of building at book value. (j) Issuance of bonds for land. (d) Payment of dividends. (k) Purchase of land. (e) Depreciation. (l) Conversion of bonds into (f) Receipt of dividends on investment common stock. in stock. (m) Loss on sale of land. (g) Receipt of interest on notes receivable. (n) Retirement of bond. Instructions Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity. Exercise 13-5 The current sections of Leach Inc.?s balance sheets at December 31, 2010 and 2011, are presented here. Leach?s net income for 2011 was $153,000. Depreciation expense was $24,000. 2011 2010 Current assets Cash $105,000 $99,000 Accounts receivable 110,000 89,000 Inventory 158,000 172,000 Prepaid expenses 27,000 22,000 Total current assests $400,000 $382,000 Current liabilites Accrued expenses payable $15,000 $5,000 Accounts payable 85,000 92,000 Total current liabilities $100,000 $97,000 Instructions Prepare the net cash provided by operating activities section of the company?s statement of cash flows for the year ended December 31,2011, using the indirect method. Exercise 13-7 Willingham Corporation?s comparative balance sheets are presented below. WILLNGHAM CORPORATION Comparative Balance Sheets December 31 2011 2010 Cash $14,300 $10,700 Accounts receivable 21,200 23,400 Land 20,000 26,000 Building 70,000 70,000 Accumulated depreciation -15,000 -10,000 Total $110,500 $120,100 Accounts payable $12,370 $31,100 Common stock 75,000 69,000 Retained earnings 23,130 20,000 Total $110,500 $120,100 Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,5000. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,900. Instructions (a) Prepare a statement of cash flows for 2011 using the indirect method. (b) Compute free cash flow.
Question 3
Question 1 ? Assessable Income (10 marks) Outline the issues to consider when deciding whether a receipt is income according to ordinary concepts. You should discuss relevant cases. Discuss, with reference to legislation or case law, whether the following are ordinary income in the hands of the recipient: ? a tip received by a waiter ? a gift received from a close friend who is also a former employer ? proceeds from the sale of trading stock (e.g. electrical appliance sold by a retailer) ? gambling winnings of a regular punter ? amounts received by a building equipment hiring company from its customers for damaged and non-returned scaffolding ? a free overseas holiday received by a pharmacist from a drug manufacturer Question 2 ? Fringe Benefits Tax (6 marks) Sienna is required to live away from home for work purposes for 30 days during the FBT year. For this period, she is paid a living-away-from-home allowance of $8,500. The allowance includes $110 per day which the employer can show is reasonably necessary to compensate her for the cost of accommodation and $60 per day for her food costs. Calculate the taxable value of this living-away-from-home allowance fringe benefit for the year ended 31 March 2012. Question 3 ? Deductions (8 marks) Ben is a self-employed builder who specialises in renovating residential properties. Each week, he travels from home to various building sites where he works. Sometimes he may work on more than one site during a particular day. He always carries his tools and some building materials in the back of his truck. On weekends, he often goes to the homes of potential clients to quote on renovation jobs. As he charges a high fee for his services, only a small portion of his quotes are accepted by clients. In the future, Ben wants to become an architect so is enrolled in a course at university. He has to pay fees for this course and also must purchase textbooks and drawing materials. Advise Ben whether his travel and self-education expenses are deductible. Question 4 ? Capital Gains (6 marks) Stan is about to sell his plumbing business that he has owned for 14 years, and has come to you for advice to minimise his tax in relation to the sale. He estimates he will make a gain on sale of $250,000. Discuss what options are available to minimise the amount of capital gains tax he might have to pay. Question 5 ? Tax Offsets and Obligations (10 marks) Gemma has a taxable income of $62,000 for the current tax year. She is 56 years old and is a sole parent to a dependent child attending secondary school. Her child has had substantial dental work in the current tax year. Gemma has no private health insurance. Outline the tax offsets Gemma might be entitled to claim for the year, and explain any special conditions that must be met to obtain these offsets. Explain any additional levies or tax Gemma may be required to pay, based on the information provided above.
Question 4
Janice Morgan Tax Return Problem (Updated from West=s Federal Taxation 2005) Janice Morgan, age 32, is single and has no dependents. She is a freelance writer. In January, 2011, Janice opened her own office located at 2751 Waldham Road, Pleasantville, CA 90029. She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 132 Stone Avenue, Pleasantville, CA 90029. Her Social Security number is 189-57-6691. Janice desires to contribute to the Presidential Election Campaign Fund. Income from sale of articles $115,000 Rent 16,500 Utilities 7,900 Supplies 1,800 Insurance 5,000 Property taxes on car (60%) 600 Travel (including meals of $1,200) 3,500 Janice purchased and placed in service the following fixed assets for her business $ Furniture and fixtures (new) costing $19,000 on January 10, 2011 $ Computer equipment (new) costing $40,000 on July 28, 2011. $ Automobile (new) costing $37,000 on January 5, 2011. Total mileage for the year was 7,000 (60% for business use). Janice would like to deduct these costs as soon as possible. Janice=s itemized deductions are as follows: State income tax $2,000 Home mortgage interest paid to First Bank 6,000 Property taxes on home 1,100 Property taxes on car (40%) 400 Charitable contributions 1,200 Janice has interest income of $4,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $5,000 for 2011. Compute Janice Morgan=s 2011 Federal income tax payable (or refund due). You will need Form(s) 1040 and 4562 and Schedules A, B, C, and SE. My question is where do I put the depreciation for the automobile? I was trying to calculate it to line 8 on schedule c and my amount was $2880. Is this correct?,Thank you for your help!
Question 5
I. Market Analysis You need to conduct research on your company. What type of company is it? How does it do business? What are its products or services? You must then analyze the company and do a complete Market Analysis. Write a 4-5 page report that includes a summary of the business, the market, and the industry. Items to include in this section would be a comprehensive SWOT analysis, a developed marketing environment analysis, and an evaluation of the business's primary customers, the marketing mix, and an outline of its main competitors (at least two). All references MUST be included in APA format, and you can utilize an eppendix for any extra information that you think is critical to this evaluation. Hello, This is my assignment. It is a research paper and it's on the company "Amazon.com" All I have to do it is well explainable in the first paragraph. But, the main focus point of the paper is a "Market Analysis" on the company Amazon.com. It needs to be 4-5 pages long, in a APA format, and need to have some references or workcited at the end of the research. The Work Cited page need to be in an APA Format as well. Also here is an attachment with some info I have gather for Amazon.com that might be very helpful to complete this research. Thank you Tifanny V.,Thank you!!!
