Question
In: Accounting
In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing...
In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing all employment taxes a few months ago. He told his sales manager "I'll pay up before the IRS catches up with me." What risks does Emerald face by not upholding his responsibility for the collection of payment of employment taxes?
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ekkarill92 answered 2 years agoRelated Solutions
In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing...
In order to improve the cash flow of the company, Neal Emerald
decided to postpone depositing all employment taxes and 401(k)
withheld from his employees as well as the employer payroll tax
requirements as well. He told his sales manager, “I’ll pay up
before the IRS catches up with me.” What risks does Emerald face by
not upholding his responsibility for the collection and payment of
payroll withholdings and taxes?
Cash Flows are extremely important in finance. Companies try to improve their cash flow by investing...
Cash Flows are extremely important in finance. Companies try to
improve their cash flow by investing in projects (capital
investments) more so in todays times during this recent crisis for
a company being able to maintain their day to day operations. There
are three parts of cash flow statements, operating, financing and
investing activities. Every business not matter what and who they
are are interested in their cash flow for obvious reasons. These
numbers are usually forecasted by the company,...
B1 - Snow Company started operations on February 1, 2020 by depositing $3,000,000 cash in the...
B1 - Snow Company started operations on February 1, 2020
by depositing $3,000,000 cash in the bank as capital. The following
transactions took place during the first month of
operations:
February 3: Purchased supplies for $22,500 in
cash.
February 9: Purchased equipment for $255,000, paid
$105,000 in cash and the remaining amount will be paid after 10
days.
February 12: Received a bill from Dubai News for
advertising amounted to $1,650.
February 14: Paid $24,000 salaries in cash.
February 16:...
B1 - Snow Company started operations on February 1, 2020 by depositing $3,000,000 cash in the...
B1 - Snow Company started operations on February 1, 2020
by depositing $3,000,000 cash in the bank as capital. The following
transactions took place during the first month of
operations:
February 3: Purchased supplies for $22,500 in
cash.
February 9: Purchased equipment for $255,000, paid
$105,000 in cash and the remaining amount will be paid after 10
days.
February 12: Received a bill from Dubai News for
advertising amounted to $1,650.
February 14: Paid $24,000 salaries in cash.
February 16:...
B1 - Snow Company started operations on February 1, 2020 by depositing $3,000,000 cash in the...
B1 - Snow Company started operations on February 1, 2020
by depositing $3,000,000 cash in the bank as capital. The following
transactions took place during the first month of
operations:
February 3: Purchased supplies for $22,500 in
cash.
February 9: Purchased equipment for $255,000, paid
$105,000 in cash and the remaining amount will be paid after 10
days.
February 12: Received a bill from Dubai News for
advertising amounted to $1,650.
February 14: Paid $24,000 salaries in cash.
February 16:...
B1 - Snow Company started operations on February 1, 2020 by depositing $3,000,000 cash in the...
B1 - Snow Company started operations on February 1, 2020
by depositing $3,000,000 cash in the bank as capital. The following
transactions took place during the first month of
operations:
February 3: Purchased supplies for $22,500 in
cash.
February 9: Purchased equipment for $255,000, paid
$105,000 in cash and the remaining amount will be paid after 10
days.
February 12: Received a bill from Dubai News for
advertising amounted to $1,650.
February 14: Paid $24,000 salaries in cash.
February 16:...
B1 - Snow Company started operations on February 1, 2020 by depositing $3,000,000 cash in the...
B1 - Snow Company started operations on February 1, 2020
by depositing $3,000,000 cash in the bank as capital. The following
transactions took place during the first month of
operations:
February 3: Purchased supplies for $22,500 in
cash.
February 9: Purchased equipment for $255,000, paid
$105,000 in cash and the remaining amount will be paid after 10
days.
February 12: Received a bill from Dubai News for
advertising amounted to $1,650.
February 14: Paid $24,000 salaries in cash.
February 16:...
For a company, the cash flow from assests (or free cash flow) projections for the next...
For a company, the cash flow from assests (or free cash flow)
projections for the next three years are as follows. After year 3,
the company will continue growing at a constant rate of 1.5%. the
firm's tax rate is 3% and will maintain a debt-equity ratio of
0.50. the risk-free rate is 3%, the expected market risk premium
over the risk free rate is 6%, and the company's equity beta is
1.50. The company's pre-tax cost of debt is...
the cash flow cycle______. a. describes the flow of cash through a company. b. illustrates that...
the cash flow cycle______.
a. describes the flow of cash through a company.
b. illustrates that profits and cash flows are the same.
c. reminds a financial manager that profits are important.
d. focuses on financing activities only.
1) List and explain some ways for one to improve their personal cash flow situation by...
1) List and explain some ways for one to improve their personal
cash flow situation by increasing their net cash flows or to
reducing their cash flows (if possible) in the near future. Be
realistic.
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