Franscioso Company sells several products. Information of average revenue and costs is as follows:

               Selling price per unit                        $28.50

               Variable costs per unit:

                      Direct material                               $5.25

                      Direct manufacturing labour     $1.15

                      Manufacturing overhead            $0.25

                      Selling costs                                    $1.85

               Annual fixed costs                        $110,000

The Franscioso Company contribution margin ratio is  1.102:1.1.425:1.0.298:1.0.637:1.0.702:1. .

The Franscioso Company break-even in sales dollars is  $99,819.$77,193.$369,128.$172,684.$156,695. .

The Franscioso Company break-even in units is  5,500 units.3,502 units.2,709 units.6,059 units.12,952 units. .

How the Singaporean Government and the Inland Revenue Authority of Singapore assisted both businesses and taxpayers during the Covid-19 crisis.  

1. In your opinion, did the Government act swiftly enough?
2. In your opinions, was the assistance enough or could the Government have provided more?

A profit-maximizing firm should keep on hiring labor as long as the marginal revenue product of labor is greater than the wage. True or False

How the Malaysian Government and the Inland Revenue Board of Malaysia assisted both businesses and taxpayers during the Covid-19 crisis.
1. What type of assistance was given to the taxpayers?
2. In your opinion, did the government act swiftly enough?
3. In your opinion, was the assistance good enough or could the government have provided more?
4. Who benefited the most from the assistance provided and who missed out?
5. Overall, do you think the assistance was effective?
write an essay of no more than 2500 words and include references.

1. States are increasingly relying on revenue from gambling to generate funds for their financal plans on annual basis . Lotteries , for example , have been on the rise with states providing their own jackpots , and increasing the jack-pots by utilizing multi-state games . Please provide some of the policy rationale for using this revenue source , along with some of the issues that policy makers should focus on in the future

2.Please discuss the three reasons State / Local governments borrow . What are the two primary types of debt issued ( defining them ) , describing some of the differences between the two.

What are three significant changes to the current Internal Revenue Code from the Tax Cuts and Jobs Act of 2017? please explain these changes in your own words. Please state how these changes will affect taxable income and whether or not you think these changes are an improvement to the tax code.

Preparation of financial statements

The commissioners of the Regents Park Commission Special Revenue Fund approved the following budget for calendar year 2019. Assume that the fund balance (Restricted) at the beginning of the year was $10,000. Also, assume that no encumbrances were outstanding and no supplies were on hand at the beginning or the end of the year. Prepare a statement of revenues, expenditures, and changes in fund balance. In addition, prepare a budgetary comparison schedule, assuming the originally approved budget and the final budget are identical.

Enlightened Ltd is investigating the introduction of a new advanced solar light. Forecast revenue from the new light is $1,250,000 per year and variable costs $450,000 per year. The revenue and variable costs are expected to stay constant for the four years. The new light will require a new production line that will have an initial cost of $2,000,000. For tax purposes you can depreciate the full cost down to zero over the four year life of the project. At the end of four years you expect to be able to sell the production machinery for $350,000. Selling the new fixtures will require additional working capital of $25,000 starting immediately. You expect to recover the working capital investment at the end of the four year project. You have already spent $50,000 in research and development costs to invent the new light.Assume the tax rate is 30% and the required return is 10% APR (compounded annually).

What are the Project Cash Flows for the project?

DO NOT USE EXCEL FOR CALCULATIONS

16 MARKS

"Taxes are a necessary evil to raise revenue for the government, towards funding expenditure on 'public goods and services'. We should aim to do this in the most effective and efficient way - with the lowest marginal tax rates, and lowest distortions possible. This could be achieved by eliminating all forms of taxes on income and replacing them with a uniform tax on expenditure on goods and services instead."  

Provide a critical assessment of this statement based on concepts presented in this course and any wider reading you have done.

1. Calculate the break-even sales revenue and units for the 500 mL bottle and the proposed 2L bottle. Calculate the net profit for the sales target of 10,000, 12,500 and 15,000 units of each product size.
2. What do you recommend that Kai should do with his product line? Stick to 500 mL only? Add 2L as new size? Other suggestions?
3. Do you agree with the online promotional and distribution strategy Kai is considering? What recommendations for improvement would you suggest?

4. Selling Price               $9.00 – 500 mL           $16.00 – 2L

   Variable Costs - Costs Per Bottle

   Ingredients                  $1.50                           $3.00

   Bottle/label                    .50                           1.00

                                       $2.00                           $4.00

   Annual Fixed Costs

   Labour

   (2x $14 x 40 x 52)       $58,240

   Rent                            15,000

   Promotion                     5,000

   Occupancy costs             6,000

   Total Fixed Costs        $84,240