The Bookbinder Company has made $300,000 before taxes during each of the last 15 years, and it expects to make $300,000 a year before taxes in the future. However, in 2016 the firm incurred a loss of $750,000. The firm will claim a tax credit at the time it files its 2016 income tax return, and it will receive a check from the U.S. Treasury. Show how it calculates this credit, and then indicate the firm's tax liability for each of the next 5 years. Assume a 35% tax rate on all income to ease the calculations. Enter your answers as positive values. If an amount is zero, enter "0".

1. Prior Years	2014	2015
   Profit earned	$	$
   Carry-back credit	$	$
   Adjusted profit	$	$
   Tax previously paid (35%)	$	$
   Tax refund: Taxes previously paid	$	$

   
   Total check from U.S. Treasury $  
   
2. Firm's tax liability
   2017:    $  
   2018:    $  
   2019:    $  
   2020:    $  
   2021:    $  

Analyzing and Computing Financial Statement Effects of Loan Interest

Huddart Company gave a creditor a 90-day, 8% note payable for $7,200 on December 16.

a. Prepare the journal entry to record the year-end December 31st accounting adjustment Huddart must make.

b. Post the journal entries from part a to their respective T-accounts.

c. Record the transaction from part a in the financial statement effects template.

This information relates to the Cash account in the ledger of Cullumber Company.

          Balance September 1—$20,340; Cash deposited—$64,000
          Balance September 30—$21,540; Checks written—$62,800

The September bank statement shows a balance of $20,440 at September 30 and the following memoranda.

At September 30, deposits in transit were $5,388 and outstanding checks totaled $3,033.

1. Prepare the bank reconciliation at September 30, 2022. (List items that increase balance as per bank & books first.)

2. Prepare the adjusting entries at September 30, assuming the NSF check was from a customer on account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

As a long-term investment, Painters' Equipment Company purchased 20% of AMC Supplies Inc.'s 590,000 shares for $670,000 at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of AMC’s net assets were equal. During the year, AMC earned net income of $350,000 and distributed cash dividends of 20 cents per share. At year-end, the fair value of the shares is $714,000.

1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Basic NPV methods tell us that the value of a project today is NPV₀. Time value of money issues also lead us to believe that if we choose not to do the project that it will be worth NPV₁ one period from now, such that NPV₀ > NPV₁. Why then do we see some firms choosing to defer taking on a project. Be complete and thorough in your answer.

Comment on shelter-in-place and stay home and restriction of travel, (e.g. as is the case in some states in USA) to help reduce the chance of spreading diseases like Covid-19. Should the government and/or the medical profession protect us from emerging diseases or should each of us have to take responsibility for modifying our own behavior to help prevent their spread?

What is it that draws us as humans to music? How can listening to music impact our emotions, thoughts, or behaviors? What examples do you have from your own life of music impacting you in some way? What explanation can there be for how different music, which has different sounds, has different effects on us?

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NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE

Research the Ahlstrom corporation. What is Ahlstrom’s strategy in the transmission of culture? Do you think Ahlstrom would have as clear a strategy and follow it so closely if the firm were in a commodity area? Do you think that Ahlstrom is encouraged to pursue its strategy so closely because it is in a small country like Finland? Go beyond Ahlstrom: Why would a firm that has a well-defined strategy perform better than a firm without one?

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ANSWER THROUGHLY 1 page *** IN PARAGRAPGH FORM PLEASE NOT BULLET POINTS

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