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    Sue paid $500 to attend a dinner/fund raiser for a qualified charity 100 miles away from home. She purchased a painting at a silent auction for $1,000. The fair market value of the painting was $250. While there, a state representative sat at her dinner table and she wrote the representative a check for $300 for the next campaign. HOW MUCH CAN SHE DEDUCT FOR CHARITY?

    Sue paid $500 to attend a dinner/fund raiser for a qualified charity 100 miles away from home. She purchased a painting at a silent auction for $1,000. The fair market value of the painting was $250. While there, a state representative sat at her dinner table and she wrote the representative a check for $300 for the next cam

    Debits, Credits, and Retained Earnings

    Below is a list of accounts and whether the account is being debited or credited. For each item, indicate whether the account balance will be increased or decreased. ACCOUNT BALANCE Account Debit or Credit Increased or Decreased? 0. Salary Expense Debit Increased 1. Sales Revenue Credit 2. Retained Earnings Debit 3. Insu

    Project payoff, debtholder & shareholders - Corporate Finance

    Project A has a guaranteed payoff of $200 million, which will exactly compensate the debtholders of the firm. Project B has a 50 percent probability of a $400 million payoff and a 50 percent probability of a zero payoff. Which project do the debtholders prefer and which project do the shareholders prefer?

    Finance Problem

    Sharon Shay estimates that a college education has a $28,000 equivalent cost at graduation. She believes the benefits of her education will occur throughout forty years of employment. She thinks she will have a $3000-per-year higher income during the first ten years out of college, compared to a non-college graduate. During the

    Fisher Effect US and Japan

    What is the expected inflation rate in the U.S. and Japan if the real rate rate of interest in the U.S. is 5% and in Japan 2%, while the nominal interest rate in the U.S. is 7% and in Japan 5%?

    Financial Management

    Financial Management Short Construction offers its customer's credit terms of 2/10, net 30 days, while Fryman Construction offers its customer's credit terms of 2/10, net 45 days. The aging schedules for each of the two companies' accounts receivable are reported below: Short Construction Fryman Construction

    Financial Management Bowa Construction

    Bowa Construction's days sales outstanding is 50 days (on a 365-day basis). The company's accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million. What is the company's inventory turnover ratio?

    List of Investment Banking companies in downtown Toronto

    Not sure if this is the correct place to post this, but I'm looking for a listing of all I-Banking firms in Toronto, Ontario (Canada.) All large and small boutique firms, preferably located in Toronto's downtown core. If the size of the firm is available, please include this information. Any useful links would be great!

    What is the net cost of the machine for capital budgeting purposes? What is the net operating cash flow in Year 1,2,3? What is the terminal year cash flow? If the project's cost of capital is 10%, what is the project's net present value (NPV)?

    The Progresso Company is evaluating the proposed acquisition of a new milling machine. The machine's price is $100,000. The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $45,000. The machine would require an increase in net working capital (inventory) of $10,000. The machine would have no

    Earnings, Dividends and Cost of Equity

    The earnings, dividends, and stock price of Cattle Technologies Inc. are expected to grow at 8% per year in the future. Cattle's common stock sells for $30 per share, its last dividend was $3.00, and the company will pay a dividend of $3.24 at the end of the current year. Using the discounted cash flow approach, what is its

    Managerial Accounting

    HJ Turner Corporation produces a single product. Data concerning the company's operations last year appear below: Units in beginning inventory......................... 0 Units produced.............................................. 10,000 Units sold.....................................

    Calculate the key financial ratios for Strident Marks

    Strident Marks, Inc. Income Statement For the Year Ended December 31, 2006 Revenue Net Sales 8,994,000 Cost of Goods Sold 3,759,600 Gross Margin 5,234,400 Expenses Selling General & Administrative 1,245,900 Depreciation Expense 350,000 1,595,900 Income Before Interest and Taxes 3,638,500 Interest

    Compare preferred stock to debt instruments.

    Is preferred stock classified as equity or debt? List the similarities between bonds or other debt instruments compared to preferred stock. List the differences between the two. What is the preferred placement for preferred stock on the balance sheet of a company?

    Corporate Finances

    Investor A owns $1,000 worth of stock that does not pay a dividend. Investor B owns $1,000 of an equivalent stock that, after paying a dividend, becomes an investment in stock and cash: $900 in stock and $100 in dividend income. If the capital gains tax is lower than the tax on dividends, which investor has the better position:

    Operating Cycle Importance

    What is an operating cycle? Why is it important? Please note, if you are using any source please provide references.

    Advanced Cost Accounting

    T/F 1. Product costs become expenses in the period they are purchased. T/F 2. The difference in the amount of fixed overhead cost that is expensed to the income statement under absorption and variable costing is solely attributable to the difference between the number of units produced during the period and the number of un

    The Allen Company has monthly credit sales of $600,000.

    The Allen Company has monthly credit sales of $600,000. The average collection period is 90 days. The cost of production is 70 percent of the selling price. What is the Allen Company's average investment in accounts receivable? a. 2,000,000 b. 1,500,000 c. 1,800,000 d. 1,600,000

    What must financial managers consider when operating in the global environment?

    What must financial managers consider when operating in the global environment? What types of regulatory compliance might they face? What can they do to mitigate financial risk? Should we have global accounting standards? Why or why not? Examine at least four accounting regulatory bodies, and discuss how an organization compl

    Primary Purpose of Organizations

    The primary purpose of an organization / company is to maximize shareholder's wealth. Do you agree or disagree with this statement? Please explain in details. Please make sure that you substantiate any comments you make with specifics and references.

    Advantages of Business Forms

    What are the advantages and disadvantages of the various business forms? What impact does the form of a business have on its profitability and the availability of funds? what is the relationship between a business form and its ability to raise capital?

    the variable costing net operating income

    15. The following data pertain to last year's operations at Tredder Corporation, a company that produces a single product: What was the variable costing net operating income last year? A) $12,000 B) $57,000 C) $2,000 D) $27,000

    Louis Zimmer Company Statement of Cash Flows

    1. What procedure(s) would you recommend for a multinational company in studying exposure to political risk? What actual strategies can be used to guard against such risk? 2. Suppose a Danish krone is selling for $0.1845 and a Maltese lira is selling for $2.7211. What is the exchange rate (cross rate) of the Danish krone to t

    Minimum risk portfolio

    Problem: You are planning to invest $200,000. Two securities X and Y are available, and you can invest in either of them or in a portfolio with some of each. The correlation coefficient is of X and Y is -0.50. Assuming the following additional data, calculate the weight of A in the portfolio that produces the minimum risk po

    NPV's and IRRs for Mutually Exclusive Projects

    Davis Industries must choose between a gas-powered and an electric -powered fork-lift truck for moving materials in its factory. Since both forklifts perform the same function, the firmwill choose only one. The electric truck will cost more but cost less to operate. Cost is $22,00 for the electric and the gas powered is $17