In an inflationary environment, cash flows in future years will have less purchasing power than those in earlier years. Thus, a multiple-year cash-flow forecast is not a consistent measure of a property’s performance. How might this difficulty be addressed?

Operating expenses cannot be estimated based on experience and are totally unrelated to revenue projections. Do you agree? Discuss.

Give some examples where relative transfer costs have been altered enough to shift the competitive positions of properties in the area.

Fill in the appropriate blanks for each of the independent situations below.

Company A Company B Company C

Sales revenue (a) $_______ $343,400 $540,000

Beginning inventory 52,600 (d) _______ 90,000

Net purchases 205,300 255,600 (g) _______

Ending inventory 52,200 108,000 63,000

Cost of goods sold (b) ______   (e) _______ 437,000

Gross profit 75,300 128,000 (h) _______

Operating expenses (c) ____ 50,000 48,000

Income before taxes 6,000 (f) _______ (i) _______

(Show me all the calculations please)

Equipment associated with manufacturing small railcars had a first cost of $170,000 with an expected salvage value of $30,000 at the end of its 5-year life. The revenue was $632,000 in year 2, with operating expenses of $98,000. If the company’s effective tax rate was 29%, what would be the difference in taxes paid in year 2 if the depreciation method were straight line instead of Modified Accelerated Cost Recovery System (MACRS)? The MACRS depreciation rate for year 2 is 32%.

The difference in taxes paid is determined to be $

In this lesson, you visited Employment Taxes - Reimbursement Payment Option on the Arizona Department of Revenue Web site. Use the information on the site to answer the following questions:

Why would a nonprofit organization choose to elect the reimbursement payment option versus paying unemployment tax on the first $7,000 of each employee's payroll? Explain your answer.

What are the advantages and disadvantages for electing the reimbursement payment option? If you had to choose, would you use the reimbursement payment option? Why or why not?

Braskem S.A., a large Brazilian petrochemical company, reported a balance R$1,594.9 million in Accounts Receivable at the beginning of 2013 and R$1,497.0 million at the end of 2013. Its income statement reported total sales revenue of R$12,134.5 million at the end of 2013. Braskem applies IFRS and reports its results in thousands of reals (R$), the Brazilian currency. Assuming that Braskem makes all sales on account, present journal entries that account for all changes in accounts receivable during 2013

(The Lost Episodes) Perfectly competitive factor and output markets.

In a labor market, can an individual firm determine the market wage? Answer this using at least 100 words.

According to this video, explain how many workers an individual firm should hire in order to maximize profit, according to the Rule for Hiring? Answer this using at least 100 words.

According to this video, how would you determine how much revenue is generated by hiring additional worker? Answer this using at least 100 words.

Maria received a gift of stock from her favorite uncle. The stock had a fair market value of $40,000 and a basis to the uncle of $10,000 at the date of the gift. Is the gift taxable to Maria? If so, how much is taxable? Is the gift taxable to to the uncle? If so, how much is taxable? If the uncle sold the stock and gave the proceeds as a gift to Maria would the gift be taxable to either Maria or the Uncle? If so, how much would be taxable? Cite the section of the Internal Revenue Code to support your answers.

nonprofit organizations must fulfill certain state laws and federal laws to be registered as a nonprofit entity. In addition, there are filing that are required for nonprofits with the internal revenue service in order to be approved as a tax-exempt organization. Identify laws that nonprofits organizations need to follow regarding its formation and tax filings that are required on its initial application as a tax-exempt entity. Also, what other additional tax filing are required for nonprofit organizations once they are approved as a tax-exempt organization by the IRS.

1. Ask to select proper order of steps in the accounting cycle
2. Select the purpose of the ledger (definition of a ledger)
3. Definition of the that we prepare in the accounting cycle
4. What’s the primary purpose of the trial balance?
5. When expenses are recognized
6. When is revenue recognized?
7. Select the definition of accrual accounting
8. Ask to recognize the item that is not an adjusting entry
9. Determine what happens if you don’t make a particular adjusting entry

10. Have to make an adjusting entry

Answer as many as you can please

Suppose a state is considering three different types of fiscal limits for local governments in the state--a maximum property tax rate, a limit that property tax revenue may not increase more than population and inflation rate together, or a limit that spending may not increase more than five percent. In each case, the limit may be exceeded by majority vote. Which limit is most restrictive and why? Contrast the three in terms of the sources of allowed increases in taxes or spending and the potential effect on local services.