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3 years ago

Will Jones, LIP is a small CPA firm that focuses primarily on preparing tax returns for small businesses.

Business

1 answer:

Nonamiya [84]3 years ago

4 0

Answer and Explanation:

1. The computation of the total annual cost in each case is shown below:

Total annual cost = Annual fee + license per tax return × number of returns filed

a. For 332 returns

= $403 + $11 × $332

= $403 + $3,652

= $4,055

b. For 424 returns

= $403 + $11 × $424

= $403 + $4,664

= $5,067

c. For 522 returns

= $403 + $11 × $522

= $403 + $5,742

= $6,145

2. Now the cost per return is

Cost per return = Total annual cost ÷ number of returns filed

a. For 332 returns

= $4,055 ÷ 332 retunrs

= $12.21

b. For 424 returns

= $5,067 ÷ 424 returns

= $11.95

c. . For 522 returns

= $6,145 ÷ 522 returns

= $11.77

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3 years ago

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Answer:

The exception is due to vacation.

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This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.

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3 years ago

which question or questions should you ask yourself when determining how much money you can afford to spend on a mortgage

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What is my income. then subtract
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3 years ago

In the case discussed, the Supreme Court held that the trademark for Coca-Cola was valid and banned another company from using a

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Answer:

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3 years ago

Mays Corp. reported free cash flows for 2018 of $491 million and investment in operating capital of $321 million. Mays Corp. inc

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Answer: $975 million

Explanation:

Given the above details, we can solve for Earnings Before Tax and Interest with the following formula,

Operating Cash Flow = EBIT – Taxes on EBIT + Depreciation

Making EBIT the subject would turn it to be,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

We have all of the above except the EBIT and Operating Cash Flow.

Luckily we can solve for the Operating Cash Flow with the details given using,

Operating cash flow = Free Cash Flow + Investment in operating capital

Therefore,

= $491 million + $321 million

= $812 million

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Plugging it into the original formula we have,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

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If you need any clarification do react or comment.

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3 years ago