“Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc. Indirect Taxes are applied on the manufacture or sale of goods and services1. Based on the above statement, you are required to write about direct taxes and indirect […]

1.      What is the principal disadvantage of the direct method of reporting cash flows from operating activities?2.      What are the major advantages of the indirect method of reporting cash flows from operating activities?3.      A corporation issued $2,000,000 of common stock in exchange for $2,000,000 of fixed assets. Where would this transaction be reported on the statement of cash flows?4.      A retail business, using the accrual […]

The assignment is about Cost volume profit analysis and Capital bugeting.Instructions: With the opening of UCW’s new downtown Vancouver House, you are to provide an investment recommendation on a 2,000 square foot open space on the retail floor of the campus.  The use of space will be at your discretion and is to be written for the Board of Directors of UCW.  You may, for example, determine that […]

1. xPlease complete the following assignments IN EXCEL (show each assignment on a different tab):Problem 1:1)     Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid […]

Reply to this with at least 200 words and referenceC&C Sports is a family and locally owned sport uniform company based in Texas since 1928. Their company started as a sewing operation with intents to provide clothing to workers. Over time, the company found a market niche in manufacturing baseball uniforms and has attributed their continuous success to that. The company is run by the […]

relpy to this post with at least 200 words and citationC&C Sports is a family and locally owned sport uniform company based in Texas since 1928. Their company started as a sewing operation with intents to provide clothing to workers. Over time, the company found a market niche in manufacturing baseball unforms and has attributed their continuous success to that. The company is run by […]

Happy Trails, Inc., is a popular family resort just outside Yellowstone National Park. S ummer isresort’s busy season, but guests typically pay a deposit at least six months in advance to guaratheir reservations.The resort is currently seeking new investment capital in order to expand operations. The mprofitable Happy Trails appears to be, the more interest it will generate from potential invesEd Grimm, an accountant employed […]

Please complete the following assignments IN EXCEL (show each assignment on a different tab):Problem 1:1)     Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for […]

The Balloon, Inc. Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31.(FV of $1 (Links to an external site.), PV of $1 (Links to an external site.), FVA of […]

1. Product margin is calculated by this equation: total contribution margin – avoidable fixed costs.True / False2. Total contribution margin = total revenue – total variable cost.True / False3. In a competitive marketplace “good ethics” is a wonderful idea but an impractical standard. There are simply too few benefits to be gained from maintaining high business ethics.True / False4. Cash budgets display all the organization’s […]