For 2005, Bargain Basement Stores reported EBIT of $3,900. The company has $20,500 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 10%, and the federal-plus-state income tax rate was 40%. What was the firm’s Economic Value Added (EVA)?
For 20 years, Anne has owned and operated a riverside restaurant called The Riverside. Anne rents the property from Landlord Bob. Business was booming and Anne is on her way to becoming a billionaire. Anne decides to expand her business and asks Bob if he would help her with her business, and Bob agrees. They approach John who is a real estate developer and he proposed an expansion to The Riverside and upgrades to the building.
Anne, Bob and John agree to form a partnership to own and operate The Riverside. Anne and Bob will each contribute one-half of the capital. Bob will contribute the real estate at a value of $3 million. Anne will contribute the equipment and the restaurant furnishings at a value of $1 million and the cost of improvement, which amounts to $2 million. John will oversee the construction and when complete, he will vest in a 5 percent interest in the partnership’s capital. On an ongoing basis, John will oversee the partnership’s operations in exchange for a fixed salary and 20 percent of the partnership’s ongoing profits. The construction is estimated to be completed in June of 2016, and his capital interest is estimated to be valued at $400,000 at that time.
What are the tax consequences if the trio forms The Riverside as a partnership to own and operate the restaurant?
Perform the following operation using non-restoring technique:
010011-000011
Only the machine implementation is acceptable and your result must result in minimum number of cycles. Note that the numbers are unsigned.
Foothillan $15 ( cont . )[ IQ BES )() _ _ _ Perform, the following operation using non – restoring technique :010011 – 00001 1Only the machine implementation is acceptable_ and your result must result in minimum number of cycles .Note that the numbers are unsigned`
Football should be discouraged for the reason that it makes people aggressive, and any activity that makes people aggressive should be discouraged. No one should get married. If you get married, you promise to stay with the person for life, but no one can safely predict whether or not he or she will remain compatible with some other person for life. Evaluate these statements based on this week’s content and provide a critique in your discussion posts.
Foot size correlates positively with math skills. This is because younger children have tiny feet and do not know math. Correlation does not mean causation. Sometimes we make that error. What things may correlate, but not be causal?
Foot size correlates positively with math skills. This is because younger children have tiny feetand do not know math. Correlation does not mean causation. Sometimes we make that error.What…
Foodborne illnesses and their effects were in the news many times over the past couple of years. Some recent incidents include spinach and peanut butter. How can we make certain what we buy and consume if free from food pathogens?
Review food safety scenarios and answer questions in relation to Food Safety.
Consult the Food Safety Scenarios document and then complete the following for each scenario:
Scenario 1
Scenario 2
Scenario 3
The Grading Guide for Food Safety will be used for this assignment.
Food Safety Question 1: There has been several complaints in your community about dirty restaurants. Several restaurants are no longer in business as a result of a television expose. You are the head of a citizen task force and have been asked to make recommendations for improved food safety. The members of the task force are at odds over which approach to food safety best serves the interests of the community. Please provide a response to the following questions:a. Explain which of the following two approaches to enhance food safety would be more effective in the long run, a stronger enforcement program by the local health department, or a mandatory food safety training requirement for all restaurant employees.b. Describe worker behaviors that may promote or compromise food safety.Please be sure to justify your opinion with the literature.VectorsQuestion 2: Recently there has been numerous reports on increased mosquito bites in several neighborhoods in your community. Your staff has investigated these reports and have found them to be justified. In fact, there has been an increasing number of complaints that mosquitoes are preventing people from staying out in the early mornings and evenings. Additionally, the local health department has informed you that there has been an increase in reported cases of encephalitis and a few deaths related to West Nile Virus.Unfortunately, your health department is very limited in its personnel and its financial resources. You have to chose the most efficient methods to control this problem. Based on the information concerning mosquitoes in this scenario:a. Describe the top one recommendation you would give to the public to prevent being bit by mosquitoes that may transmit West Nile Virus. Justify your choice.b. Describe the top one recommendation you would give to the community to control the mosquito population in the community. Please be sure to justify your opinion with the literature. Assignment Expectations Use information from the modular background readings as well as any good quality resource you can find. LENGTH: 2-3 pages typed and double-spaced, in addition to a cover page.The following items will be assessed in particular:Precision: Each of the questions of the assignment is specifically addressed in the paper. The paper describes your method of choice to improve food safety in restaurants, worker behaviors that compromise food safety, your recommendation to prevent mosquito bites, and your recommendation to control the mosquito population in a community with a health department that is limited in personnel and financial resources. The rationale of your choices is presented.Clarity: The paper reads clearly, it is not confusing. It is well structured and grammatically correct.Breadth: The paper presents appropriate breadth covering the questions of the assignment.Depth: The paper thoroughly describes the tasks of the assignment. Your paper describes well the rationale behind your strategy of choice for improving food safety in restaurants. The paper includes examples of worker behaviors that compromise food safety. The paper describes well the rationales for your recommendation to reduce mosquito bites, and your recommendation to control the mosquito population.Critical Thinking: The paper integrates your understanding of food safety principles and unsafe food handling practices by restaurant employees. The paper integrates your understanding of mosquito control to a community setting with practical limitations of resources that often face health departmentsReferences: A reference list is provided at the end of your paper (APA formatting not required but highly recommended).
For a business that makes advance provision for uncollectible receivables (a) Journalize the entries to record the following: (1) Record the adjusting entry at December 31, the end of the fiscal year, to provide for doubtful accounts. The accounts receivable account has a balance of $800,000, and the contra asset account before adjustment has a debit balance of $600. Analysis of the receivables indicates doubtful accounts of $20,000. (2) In March of the following fiscal year, the $550 owed by Flake Co. on account is written off as uncollectible. (3) Eight months later, $200 of the Flake Co. account is reinstated and payment of that amount is received. (4) In October, $400 is received on the $600 owed by Doe Co. and the remainder is written off as uncollectible. (b) Based on the data in (a) (1) above, what is the net realizable value of the accounts receivable as reported on the balance sheet as of December 31? (c) Assuming that the business had been following the direct write-off procedure in accounting for uncollectible receivables, journalize the entries to record the following: (1) Recorded the write-off of account of Flake Co. [(a) (2) above]. (2) Reinstated account of Flake Co. for $200 and recorded payment of that amount received [(a) (3) above]. (3) Recorded the receipt of $400 from Doe Co. in (a) (4) above and wrote off the remainder owed as uncollectible
For a buffet dinner, the restaurant charges $10.00 for one person, $20.00 for two people, $29.00 for three people, $37.00 for four people, $44.00 for five people, and so on. How much does a buffet dinner for 8 cost?
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