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Dovator [93]
3 years ago
5

what tax preparation option do you think you are most likely to use? Why? What are the advantages and disadvantages to using thi

s option?
Business
1 answer:
Lilit [14]3 years ago
3 0
The tax prepation option that is mostly used is the usage of software because it is effective and efficient in preparing tax returns and also it is easy to use as long as you have already the information given and ready to be encoded. But the disadvantage of using it is that it could be manipulated by someone because of its accessibility. And this may lead to the impairment of confidentiality of the client.
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What types of information are found on a balance sheet ? (Select all that apply.)
Tema [17]
C) Interest expense.
4 0
3 years ago
Read 2 more answers
PLEASE HELP
bonufazy [111]

Answer:

The type of savings you should make is a fixed term deposit

Explanation:

When we have unused capital and want to make it grow, it is a good alternative to earn money because, when we leave our money in a bank for a certain time, we will receive it together with an additional sum due to profitability, Our reward for leaving the money to the bank and not using it.

6 0
3 years ago
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Maloney's, Inc
VLD [36.1K]

Answer:

The WACC is 11.64%

Explanation:

The weighted average cost of capital or WACC is the cost to firm of raising its total capital based on its capital structure. The capital structure of the firm can contain debt, preferred stock and common stock. The WACC take the weight of each component as a proportion of total value of assets and multiply it by the rate of return or cost of each component.

WACC = wD * rD * (1-tax rate)  +  wE *rE

Where,

  • wD and wE represent the weights of debt and equity as a proportion of total assets
  • rD and rE are the cost of debt and cost of equity
  • We multiply rD by (-tax rate) because we take after tax cost of debt for WACC calculation

Weight of debt = 2000000 / (2000000 + 3000000)  =  2/5 or 0.4

Weight of equity is = 1 - 0.4 = 0.6

WACC = 0.4 * 0.06 * (1-0.4)  +  0.6 * 0.17

WACC = 0.1164 or 11.64%

3 0
3 years ago
ark each of the items in the following list with letters to indicate whether it would be listed as an Asset, Liability or Equity
elixir [45]

Answer: These could be categorized as follows :-

Explanation:

a. Accounts receivable = Asset in balance sheet

b. Sales  = Revenue in income statement

c. Equipment = Asset in balance sheet

d. Supplies expense =  Expense in income statement

e. Cash = Asset in balance sheet

f. Accounts payable = Liability in balance sheet

g. Retained Earnings =  Equity in balance sheet

h.  Revenue = Revenue in income statement

i. Contributed Capital =  Equity in balance sheet

j. .Cost of Goods Sold = Expense in income statement

k. Notes Payable =  Liability in balance sheet

l. Selling and Administrative Expenses = Expense in income statement

3 0
3 years ago
VUESTIUNI
KatRina [158]

Answer:

e. Insider trading.

Explanation:

Insider trading occurs when information is shared with some stockholders of the company and not with all of them.

According to the United States of America, Securities and Exchange Commission (SEC); Illegal Insider trading involves the "buying or selling of a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, non-public information about the security."

In the stock exchange market, any information that possibly could impact an investor's decision substantially to buy or sell the security is known as material information while informations that is not legally available to the public is non-public information.

A potential investor who has access to insider information would definitely have an advantage or unfair edge over other investors, who obviously don't have same privileges, and could potentially make unfair-large profits.

U.S SEC is very much concerned with maintaining a fair marketplace, thus requiring that all transactions be timely submitted electronically.

4 0
3 years ago
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