11. Mauve, Inc., has the following for 2010, 2011, and 2012 and no prior ACE adjustments.2010 2011Pre-adjusted AMTI2012$12,000 $15,000 $8,0005,000What is the ACE adjustment for each of the three years?2012($1,500)($3,000)$3,000$2,250($2,250)____ 12. Which of the following statements is correct?a. A C corporation classified as a small corporation is eligible to have the AMT calculated using the AMT provisions for individuals.b. A C corporation classified as a small corporation is not subject to the AMT.c. A C corporation classified as a small corporation is subject to the AMT only on its adjusted current earnings.d. A C corporation classified as a small corporation is eligible to use the 15%/0% tax rate on net capital gain and qualified dividends rather than the regular tax rates applicable to other C corporations.e. a., b., and c. are correct.____ 13. Which of the following statements regarding a 52-53 week tax year is not correct?a. Some tax years will include more than 366 calendar days.b. Whether the particular tax year includes 52 weeks or 53 weeks is not elective.c. The year-end must be the same day of the week in all years. d. All of the above are correct.e. None of the above is correct

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Mazzone and Associates Accounts Receivable Control account in the general ledger on 1 September was $ 17755. The subsidiary ledger contained the following accounts receivable accounts and balances at the same date: Quach $2330. Ridley $4277, Scafidi $3337, Talbot $7811. At 30 september a summary of entries made in the journals shown were;General journal: Talbot returned goods for a credit of $178.Sales journal: Recorded credit sales were; Talbot $1290. Quach $2180. Ubhey $1670, Scafidi $1780.Cash receipts journal: cash amounts received from accounts receivable were (no discounts were allowed): Talbot $3730, Ubhey $660, Scafidi $2120, Ridley $2920, Quach $2010.RequiredA.

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Mazidah and Shukri want to save RM 10,000 for a down payment on a home they hope to buy in 2 years. They invest RM 4,400 at the end of every six months in an account earning 9 % compounded semi-annually

Explain the concept of the Principal and Maturity value

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Maynard Inc. has no debt outstanding and a total market value of $250,000. Earnings before interest and taxes, EBIT, are projected to be $28,000 if economic conditions are normal. If there is a strong expansion in the economy, than EBIT will be 30 percent higher. If there is a recession, than EBIT will be 50 percent lower. Maynard is considering a $90,000 debt issue with a 7% interest rate. The proceeds will be used to repurchase shares of stock. There are currently 5,000 shares outstanding. Suppose this company has a market-to-book ratio of 1.0. A) Calculate return on equity (ROE) under each of there three economic scenarios before any debt is issued. Also calculate the percentage changes in ROE for economic expansion and recession, assuming no taxes. B) Repeat part (A) assuming the firm goes through with the proposed recapitalization. C) Repeat parts (a) and (b) of this problem assuming the firm has a tax rate of 35%

DATA GIVEN:Debtmarket value of firmEBIT (normal)EBIT (recession)EBIT( expansion)Debt issue consierationDebt size = D =rate of interest =kd=Market to book ratio =market value of firm =…

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Mayker, Inc. and Oylco contracted to have Oylco be the exclusive provider of Mayker’s fuel oil for three months. The stated price was subject to increases of up to a total of 10% if the market price increased. The market price rose 25% and Mayker tripled its normal order. Oylco seeks to avoid performance. Oylco’s best argument in support of its position is that:

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