Find the interest paid on a 2-year lease for a $29,334 car if the car's residual value is $18,469 and the lease has an annual interest rate of 5.3%.

Round your answer to the nearest dollar.

Find the interest paid on a 2-year lease for a $29,537 car if the car depreciates at an annual rate of 13% and the lease has an annual interest rate of 3.7%.

Round your answer to the nearest dollar.

At the beginning of 2019, its first year of operations, Cooke Company purchased an asset for $100,000. This asset has an 8-year economic life with no residual value, and it is being depreciated by the straight-line method for financial reporting purposes. For tax purposes, however, the asset is being depreciated using the MACRS (200%, 5-year life) method.

During 2019, Cooke reported pretax financial income of $51,500 and taxable income of $44,000. The depreciation temporary difference caused the difference between the two income amounts. The tax rate in 2019 was 30%, and no change in the tax rate had been enacted for future years.

Required:

What is the operating cash flow for year 4 of project A that Platinum Water Banking should use in its NPV analysis of the project? The tax rate is 10 percent. During year 4, project A is expected to have relevant revenue of 76,000 dollars, relevant variable costs of 25,000 dollars, and relevant depreciation of 11,000 dollars. In addition, Platinum Water Banking would have one source of fixed costs associated with the project A. Yesterday, Platinum Water Banking signed a deal with Jabari Advertising to develop a marketing campaign. The terms of the deal require Platinum Water Banking to pay Jabari Advertising either 26,000 dollars in 4 years if project A is pursued or 12,000 dollars in 4 years if project A is not pursued. Finally, the equipment purchased for the project would be sold in 4 years for an expected after-tax cash flow of 12,000 dollars.

The following are extracts from an income statement for the year ended 30^th June 2018:

What is profit before tax?

Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?

There are on average 12.0 small airplane crashes in the US each year.

1.What is the standard deviation of the number of small airplane crashes that will happen in the US in the next 3 years?

2.What is the probability that there will be exactly 10 small airplane crashes in the US in 2021?

3.We will find the probability that there will be fewer than 14 small airplane crashes in the US in 2021, using normal approximation. In the process, we will need to use a table or app to find P(Z ≤ z) for Z standard normal, and letting z be what?

Lopez Company paid wages of $178,200 this year. Of this amount, $107,500 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 3.1% for lopez Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.

a. Amount of credit the company would receive against the FUTA tax for its SUTA contributions
$

b. Amount that lopez Company would pay to the federal government for its FUTA tax
$

c. Amount that the company lost because of its late payments
$

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

During 2017, lopez worked for two different employers. Until May, he worked for M Construction Company in, Iowa, and earned $21,210. The state unemployment rate for lopez is 4.6%. He then changed jobs and worked for Hugh Improvement Company in kansas, and earned $28,200 for the rest of the year. The state unemployment rate for Ford is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by each company. Round your answers to the nearest cent.

Use Figure 5.1 to determine SUTA caps in Iowa and Kansas

On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as a miscellaneous expense for supplies in order to complete a project for a VIP customer today. You notice the invoice looks a little different from other invoices that are usually processed. You know that by preparing the closing entries tomorrow, the miscellaneous expense will be set to zero for the beginning of the year.

Respond to the following in a minimum of 175 words:

• Should you write this check today and record the expense or write the check tomorrow?
• How would the company be affected if the check is written and the invoice ends up being erroneous?

Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60 percent of sales. Merchandise purchases are to be made during the month preceding the month of the sales. Button pays 60 percent in the month of purchase and 40 percent in the month following. Wages are estimated at 20 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the sale.

Month Sales Revenue

December $170,000

January 250,000

February 120,000

March 200,000

April 160,000

Prepare a schedule of cash disbursements for January, February, and March

A 20 year loan is repaid by a decreasing annuity of 20, 19, 18, 17, ...., 3, 2, 1, and payments are made at the end of each year. The annual effectuve interest rate is 7%. Determine the row of an amortization table associated with the 11th payment.