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3 years ago

Many accounting professionals work in one of the following three areas:

Business

1 answer:

BigorU [14]3 years ago

3 0

Answer:

1. C.Tax accounting

2. C. Tax accounting

3. A. Financial accounting

4. C. Tax "

5. B. Managerial "

6. A. Financial "

7. B. Managerial "

8. B. Managerial "

Explanation:

Tax accounting: accounting methods focused on tax.

Financial accounting: summary, analysis and reporting of financial transactions.

Managerial accounting: analyzing and communicating financial data to managers.

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Chemtec is undertaking a project that will require an upfront investment today in net working capital, and plant and equipment (

almond37 [142]

Answer:

-$300 million

Explanation:

Change in net working capital (CNWC) = $100 million

Capital Expenditures (CE) = $200 million

Assuming no depreciation expenses, the free cash flow (FCF) is given by:

$FCF = EBIT*(1-tax) - CNEC - CE$

Since no revenues are expected until the next year, EBIT = 0.

$FCF = - \$100 -\$200\\FCF = - \$300\ million$

The project's free cash flow today is -$300 million.

3 0

3 years ago

You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 1717 years. You expect tha

jeka57 [31]

Answer:

Present value = $45,185,606

Explanation:

Data:

number of periods(n) = 17 years

First-year profit = $5 million

Growth rate = 2%

Interest rate = 10%

Present value = ?

Solution:

The present value of the growing annuity can be calculated as follows

Formula:

Let's denote

annual interest rate = x

annual growth rate = y

Present value = First-year profit x $(\frac{1-(\frac{1+y}{1+x} )^{n} }{x-y} )$

Present value = $5,000,000 x $(\frac{1-(\frac{1+0.02}{1+0.1} )^{17} }{0.1-0.02} )$

Present value = $5,000,000 x 9.03

Present value = $45,185,606

7 0

3 years ago

Palmona Co. establishes a $330 petty cash fund on January 1. On January 8, the fund shows $237 in cash along with receipts for t

alexandr402 [8]

Answer:

The following information was missing:

"... with receipts for the following expenditures: postage, $36; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory.

Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2."

Part 1:

January 1, petty cash fund established

Dr Petty cash fund 330

Cr Cash 330

Part 2:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

Part 3:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

January 8, petty cash fund is replenished

Dr Petty cash fund 213

Cr Cash 213

7 0

3 years ago

On December 28, 2021, Tristar Communications sold 14 units of its new satellite uplink system to various customers for $40,000 e

eimsori [14]

Answer and Explanation:

The computation of the income before tax in the year 2022 would be reduced or decreased by the cash discount amount i.e. shown below:

= Sale value × discount rate × number of units sold

= $40,000 × 1% × 14 units

= $5,600

Hence, the amount is $5,600

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 8.75% yields, what yield must municipa

Lilit [14]

Answer:

6.125%

Explanation:

Calculation for what yield must municipals offer for the investor to prefer them to corporate bonds

The after-tax yield on the corporate bonds is: 8.75% x (1 - 0.30)

The after-tax yield on the corporate bonds is= 0.0875x 0.7

The after-tax yield on the corporate bonds is= 0.06125*100

The after-tax yield on the corporate bonds is= 6.125%

Therefore what yield must municipals offer for the investor to prefer them to corporate bonds is

6.125%

8 0

3 years ago