Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
Answer:
wut is this
Explanation:
financial acc practice ex 1
The Initial value of debt is $111.11 million.
Value of unlevered equity = ($100 million+ $150 million + $191 million)/3 / 1.05
Value of unlevered equity = $147 miliion / 1.05
Value of unlevered equity = $140 million.
Since the corporation have has zero-coupon debt with a $125 million face value, this means If the firm has a value of $100 million, all of it is from the debt value,
Initial value of debt = ($100 million + $125 million + $125 million)/3 / 1.05
Initial value of debt = $111.11 million.
The Initial value of equity = Value of unlevered equity - Initial value of debt
The Initial value of equity = $140 million - $111.11 million
The Initial value of equity = $29 million
Hence, the Initial value of debt is $111.11 million.
Read more about Debt:
<em>brainly.com/question/11556132</em>
Answer: Trade surplus of $69
Explanation:
A trade deficit is when the imports into a country are greater than exports leaving the country and a trade surplus is the reverse.
Exports for this country are $1,056
Imports to this country are $987
Exports are greater than imports so there is no trade deficit. Instead there is a Trade surplus of:
= Exports - Imports
= 1,056 - 987
= $69
Answer:
The journal entry and the computations are shown below:
Explanation:
The journal entry is shown below:
Allowance for doubtful accounts $7,300
To Account receivable $7,300
(being the written off amount is recorded)
And, the cash realizable value of the accounts receivable is
1. Before the write off
= $729,400 - $61,200
= $668,200
2. After the write off
= $729,400 - $7,300 - $61,200 - $7,300
= $668,200