Suppose two firms want to borrow money from a bank for a period of one year. Firm A has excellent credit, whereas Firm B’s credit standing is such that it would pay prime + 2 percent. The current prime rate…
Last year, you purchased a stock at a price of $51.5 a share. Over the course of the year, you received $2 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $54.2 a share. What is…
Review the budget of your chosen state. Explain in detail the appropriate method needed to estimate the state’s budget for the next two (2) years and the advantages of this method over other alternatives available.
A client makes a tax-deductible contribution of $4,000 to a traditional IRA. The client is in the 25% marginal tax bracket. How much are the approximate tax savings?
At the beginning of December, Global Corporation had $1,000 in supplies on hand. During the month, supplies purchased amounted to $2,500, but by the end of the month the supplies balance was only $3,100. What is the appropriate month-end adjusting…
LaLa Company currently has 100,000 shares of common stock outstanding and a price-earnings ratio of seven. Net income for the recently ended year is $375,000. LaLa board of directors declared a 15-for-2 stock split. Sunshine owned 100 shares of LaLa…
Superior Camera Shop began using the dollar-value LIFO method in 2006 when its ending inventory was costed at $50,000. The 2007 ending inventory at year-end prices was $54,000. Calculate Superior Camera Shop s ending inventory assuming 109 percent is an…
Beam Company currently has 100,000 shares of common stock outstanding and a price-earnings ratio of seven. Net income for the recently ended year is $375,000. Beam’s board of directors declared a 15-for-2 stock split. Sunshine owned 100 shares of Beam…
GAAP is silent as to the appropriate treatment of preaffiliation profit. Defend whether or not preaffilation profit should not be eliminated in the consolidation process, giving at least three reasons. Provide specific examples to support your reasoning. Justify why intercompany…
HRM 510 Employment Business Law for Human Resources Week 1 Discussion 1: 1.) Now that you know something about arbitration agreements and their enforceability, would you advise an employer to use these agreements? Why and why not? Week 1 Discussion…
