Jazz Co. provides another employee, Mary with the following during the year:
• A voucher to a day spa valued at $280.
• Flowers every month valued at $20 per bunch.
• Relocation expenses for Mary’s furniture and home contents because she
was transferred from the Sydney office to the Melbourne office.
• A loan of $3,000 for Mary to pay for her children’s school fees. They
charge her 3.5% interest per annum. The loan was taken out on the 1
April 2014 and remains unpaid. The statutory rate is 5.95%.
• Jazz Co. pays $800 to Telstra relating to Mary’s home telephone account.
50% of the telephone usage was for business purposes.
Required:
Calculate the taxable value for FBT purposes of the benefits provided to Mary?
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Javascript Ulinkpopup Http Extmedia Kaplan Edgesuite Net Business Ab299 Tims Cof
/in Uncategorized /by developerTim’s Coffee Shoppe. The owner Tim is concerned that since he does not have his business degree, he may be missing some needed improvements and that maybe his business could run much more smoothly. Because you are a former colleague, and Tim knows that you have just received your Associate’s in Management at Kaplan University, he has asked for your help in evaluating his business. Tim is not asking you to make a decision for him; he just wants you to help provide him with facts as you see them. Your task is to analyze the business and report your findings to Tim. Be sure to tell Tim everything that you can think of that will aid him to update and improve his business. Tell him what he will need to deal with in terms of Improvements to his business and the challenges ahead.The Executive Summary should provide an overview of your findings. Summary: Provide a detailed summary of what you observed in this particular area of the business. Describe any strengths and weaknesses. Action Items: Based on your analysis, detail for Tim what he will need to do to improve his business. Your recommendations should contain detailed directions of what needs to be done and when. Also, you should defend your recommendations by providing references that support your ideas. What should the vision statement be for the coffee shop? And what are good short and long term goals for the coffee shop? Explain how they will be met. what management improvements do you feel are appropriate for Tim to make to help his business be successful? Are there any state or federal compliance issues that Tim should address based on your observations? 200 words references
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Javier Is Retiring From The Jkl Partnership In January Of The Current Year He Ha
/in Uncategorized /by developerJavier is retiring from the JKL Partnership. In January of the current year, he has a $100,000 basis in his partnership interest when he receives a $10,000 cash distribution. The partnership plans to distribute $10,000 each month this year, and Javier will cease to be a partner after the December payment. Is the January payment to Javier a current distribution or a liquidating distribution?
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Javits Sons Common Stock Currently Trades At 30 00 A Share It Is Expected To Pay
/in Uncategorized /by developerJavits & Sons’ common stock currently trades at $ 30.00 a share. It is expected to pay an annual dividend of $ 3.00 a share at the end of the year ( D1 =$ 3.00), and the constant growth rate is 5% a year. a. What is the company’s cost of common equity if all of its equity comes from retained earnings? b. If the company issued new stock, it would incur a 10% flotation cost. What would be the cost of equity from new stock?
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Jax Recording Studio Purchased 7 800 In Electronic Components From Music World J
/in Uncategorized /by developerJax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,800. Music World’s journal entry to record the collection on the maturity date is:
Debit Cash $7,800; credit Accounts Receivable $7,800
Debit Accounts Receivable $7,904; credit Notes Receivable $7,800; credit Interest Receivable $104
Debit Notes Receivable $7,800; credit Cash $7,904; credit Interest Revenue $104
Debit Cash $7,904; credit Notes Receivable $7,800; credit Interest Revenue $104
Debit Cash $7,904; credit Notes Receivable $7,904
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Jay Is An Economics Professor Who S Planning His Future Retirement He Knows That
/in Uncategorized /by developerJay is an economics professor who’s planning his future retirement. He knows that he lives for 2 periods and has $150 thousands in disposable income in period 1 and no wage income in period 2. He has quadratic utility U = 200c − 0.5c^2,where c is measured in thousands, and both ρ = r = 0. He is considering an investment opportunity– to purchase 1 thousand junk grade “C” Greece government debt zero-coupon bonds with a face value of $100 for only $50 each. The bonds mature at their face value in period 2. The problem is that there exists a 40% chance that Greece will default at the end of period 1, and thus he will lose his investment.
1. Should he take that opportunity?
2. For a price of $25 thousand dollars, ING offers Jay to insure his investment, which means that if Greece does default, ING will repay him his initial investment, which is $50 thousand.Should he purchase insurance?
His consumption will be;U=200c- 0.5c2U= 200- 0.5c0.5c=200C=400.Having a consumption of $400, 000 and having $150,000 in the bank to take of one’sneeds, common sense dictates that one will…
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Jay Would Like To Know How The Down Payment And 1st Installment For The Sale Of
/in Uncategorized /by developerCalculate the tax treatment realized on the 1st installment payment (round to the nearest dollar) with this formula:
Installment Payment
Less: Interest Income
Net
Less: Return of Basis
Realized & Recognized Long-Term Capital Gain
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Jayant Is Raising Money For The Homeless And Discovers Each Church Group Require
/in Uncategorized /by developerJayant is raising money for the homeless, and discovers each church group requires 2 hr of letter writing and 1 hr of follow-up calls, while each labor union needs 2 hr of letter writing and 3 hr of follow-up. She can raise $150 from each church group and $200 from each union. she has a maximum of 20 hours of letter writing and 16 hours of follow-up available each month. Determine the most profitable mixture of groups she should contact and the most money she can raise in a month. She should contact _ church group(s) and _ labor union(s), to obtain $_ in donations.
Jayant is raising money for the homeless, and discovers each church group requires 2 hr of letter writingand 1 hr of follow-up calls, while each labor union needs 2 hr of letter writing and 3 hr…
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Jazz Co Provides Another Employee Mary With The Following During The Year A Vouc
/in Uncategorized /by developerJazz Co. provides another employee, Mary with the following during the year:
• A voucher to a day spa valued at $280.
• Flowers every month valued at $20 per bunch.
• Relocation expenses for Mary’s furniture and home contents because she
was transferred from the Sydney office to the Melbourne office.
• A loan of $3,000 for Mary to pay for her children’s school fees. They
charge her 3.5% interest per annum. The loan was taken out on the 1
April 2014 and remains unpaid. The statutory rate is 5.95%.
• Jazz Co. pays $800 to Telstra relating to Mary’s home telephone account.
50% of the telephone usage was for business purposes.
Required:
Calculate the taxable value for FBT purposes of the benefits provided to Mary?
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Jbc Corporation Is Owned 20 Percent By John 30 Percent By Brian 30 Percent By Ch
/in Uncategorized /by developer1. JBC Corporation is owned 20 percent by John, 30 percent by Brian, 30 percent by Charlie, and 20 percent by Z Corporation. Z Corporation is owned 80 percent by John and 20 percent by an unrelated party. Brian and Charlie are brothers. Answer each of the following questions about JBC under the constructive ownership rules of Section 267:a. What is John’s percentage ownership?b. What is Brian’s percentage ownership?2. Martin sells a stock investment for $25,000 on August 2, 2010. Martin’s adjusted basis in the stock is $14,000.a. If Martin acquired the stock on November 15, 2008, calculate the amount and the nature of the gain or loss.b. If Martin had acquired the stock on September 11, 2007, calculate the amount and nature of the gain or loss.3. . William sold Section 1245 property for $25,000 in 2010. The property cost $35,000 when it was purchased 5 years ago. The depreciation claimed on the property was $16,000.a. Calculate the adjusted basis of the property.b. Calculate the recomputed basis of the property.c. Calculate the amount of ordinary income under Section 1245.d. Calculate the Section 1231 gain.
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Jdw Corporation Reported The Following For 2014
/in Uncategorized /by developerJDW Corporation reported the following for 2014: net sales $2,929,500; cost of goods sold $1,786,995; selling and administrative expenses $585,900; an unrealized holding loss on available-for-sale securities $22,000; a gain from foreign currency translation $26,250 (no tax effect); and an unrealized loss from pension adjustment $7,000. JDW’s tax rate was 30%.
Required: Prepare a multiple-step income statement and a statement of comprehensive income using the two-statement format. Ignore earnings per share.
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