The Dangerous Morality of Managing Earnings* The Majority of Managers Surveyed Say It’s Not Wrong to Manage Earnings Actions for Concerned Managers We believe most corporations would benefit if they established clearer accounting and operating standards for all employees to follow. The standard-setting process should involve managers in discussions of the practices related to short-term […]
During the current tax year, Doug incurs the following deductible expenses: State Income Tax $2,300 Local Property Tax $3,000 Medical Expenses $ 800 Charitable Contributions $2,000 Doug is 33, single with no dependents. His has $35,000 AGI for the year. What is the amount of Doug’s taxable income. AGI Less itemized deductions: Medical: $ Less: […]
An organisation produces products A and B. The following data is available:Selling price per unit for Product A is $20 and for Product B is $25.Variable costs per unit for Product A is $11 and for Product B is $18.Sixty percent of sales in units are expected to be Product A. Fixed costs are expected […]
The Weigh-ho Tow-em-Away Towing Service (WTTS) tows vehicles. The company has contracts with various auto clubs. Employees tow for individuals, restaurants, and bars, and they prowl the parking lots of banks on football weekends looking for opportunities to tow away vehicles parked in marked private parking spaces. Price and cost data projected for a one-year […]
Is the conclusion of “The Gift of the Magi” unfair to the reader or logical considering what you know about Jim and Della?
Continuing the previous problem (with capacity 300 at plant 2), suppose you want to see how much extra capacity and extra demand you can add to plant 1 and region 2 (the same amount to each) before the total shipping cost stops decreasing and starts increasing. Use Solver Table appropriately to find out. (You will […]
Excel with Spreadsheets Technical analysis looks at the demand and supply for securities based on trading volumes and price studies. Charting is a common method used to identify and project price trends in a security. Some of the well-known approaches to charting include Bollinger bands, directional movement index, exponential moving average, historical price volatility, moving […]
When James Largo died, he owned $10 million in various securities, real estate, and personal effects. Under his will Largo gave $1 million to the local art museum and gave $2 million to his surviving wife Lorna. Discuss the tax implications here.
Why do insurance companies need employees with advanced training in investments?
Ayayai Corp reported net income $28000; net sales $422000; and average assets $617000 for 2017 What is the 2017 profit margin?
