Create a file named sales_bonus.py

2. Prompt the user for the amount of sales made, convert to a float, and assign to sales.

3. Prompt the user for number of days missed, covert to an int, and assign to days_missed

4. If the user have more than 3000 of sales and has missed less than or equal to two days of work, assign bonus to 100.

5.   Else if the user have more than 3000 of sales or has missed less than or equal to one day of work, assign bonus to 50.

6. Otherwise, assign a bonus of 0.

7. Print out the bonus with two decimal places of precision.

python

Create a file named sales_bonus.py

2. Prompt the user for the amount of sales made, convert to a float, and assign to sales.

3. Prompt the user for number of days missed, covert to an int, and assign to days_missed

4. If the user have more than 3000 of sales and has missed less than or equal to two days of work, assign bonus to 100.

5.   Else if the user have more than 3000 of sales or has missed less than or equal to one day of work, assign bonus to 50.

6. Otherwise, assign a bonus of 0.

7. Print out the bonus with two decimal places of precision.

Marian runs a store selling decorative breathing masks. For obvious reasons, she has recently seen a sharp uptick in business and wants to increase her production capacity. To accomplish this, she wants to buy a new industrial sewing machine, which will allow her to increase her yearly EBIT by $15,000 per year for the next 4 years. The sewing machine costs $36,000, but if she makes this purchase, she will borrow $28,000 for 4 years at 6.5% to help pay the purchase price. Her tax rate is 36%, and her cost of levered equity is 15%.

1: What is the NPV of buying the new sewing machine if Marian pays cash? (10 points)

1: Using the FTE method, what is the NPV of buying the new sewing machine if Marian takes out the loan? (15 points)

Marian runs a store selling decorative breathing masks. For obvious reasons, she has recently seen a sharp uptick in business and wants to increase her production capacity. To accomplish this, she wants to buy a new industrial sewing machine, which will allow her to increase her yearly EBIT by $15,000 per year for the next 4 years. The sewing machine costs $36,000, but if she makes this purchase, she will borrow $28,000 for 4 years at 6.5% to help pay the purchase price. Her tax rate is 36%, and her cost of levered equity is 15%.

2A. What is the NPV of buying the new sewing machine if Marian pays cash?

2B. Using the FTE method, what is the NPV of buying the new sewing machine if Marian takes out the loan?

Marian runs a store selling decorative breathing masks. For obvious reasons, she has recently seen a sharp uptick in business and wants to increase her production capacity. To accomplish this, she wants to buy a new industrial sewing machine, which will allow her to increase her yearly EBIT by $15,000 per year for the next 4 years. The sewing machine costs $36,000, but if she makes this purchase, she will borrow $28,000 for 4 years at 6.5% to help pay the purchase price. Her tax rate is 36%, and her cost of levered equity is 15%.

2A. What is the NPV of buying the new sewing machine if Marian pays cash?

2B. Using the FTE method, what is the NPV of buying the new sewing machine if Marian takes out the loan?

West Coast Tours runs boat tours along the west coast of British Columbia. On March 5, 2020, it purchased, with cash, a cruising boat for $846,000, having a useful life of 10 years or 12,900 hours, with a residual value of $201,000. The company’s year-end is December 31.

Required:
Calculate depreciation expense for the fiscal years 2020, 2021, and 2022 by completing a schedule. (Note: Depreciation is calculated to the nearest month. Assume actual hours of service were: 2020, 750; 2021, 1,810; 2022, 1,565.)

Emma runs a business selling scarves. She purchases the scarves directly from scarf makers in Cambodia and sells them in makers markets in Victoria. The following transactions have taken place during the 2019/20 income year. Please advise Emma as to the tax consequences of each of these transactions (from (a)-(d)), referring where appropriate to legislation in your answer:

(a) Emma purchased $3,000 of scarves on 5 July 2019 from a scarf maker in Cambodia. The scarves were loaded onto a ship the next day and under the terms of the contract, Emma was to take ownership and control of the scarves once they were loaded on that ship. Half of the scarves were delivered to Emma on 8 August. The rest of the scarves were delivered directly to a customer in Indonesia on 10 August. The customer had purchased the scarves from Emma on 20 July.

(b) At 30 June 2020, Emma had 30 scarves in stock. The pieces had cost her $3 each.

(c) Emma took 10 scarves out of her stock to give as gifts to friends and family at Christmas time. The scarves cost $30 and had a market selling value of $300.

(d) Emma gave 8 scarves to a creditor in satisfaction of a $210 debt. The scarves cost Emma $24 and have a market selling value of $240.

A county's real property tax year runs from January 1 to December 31. Dolton sells the real property to Nova on September 30, 2017. Nova owns the real property from September 30 through December 31. The tax for the real property tax year, January 1 through December 31, is $6,890.

Round any division to four decimal places and use in subsequent calculations. Round your final answers to the nearest dollar. Assume 365 days in a year.

The portion of the real property tax treated as imposed upon Dolton, the seller, is $ , and the amount of the tax is treated as imposed upon Nova, the purchaser is $.