Business, 15.10.2019 21:10 izabelllreyes
Hammaker corp. began operations in 2016 and reported taxable net income of $10 million and $4 million in 2016 and 2017, respectively. in 2018, hammaker reports a net operating loss (nol) of $16 million, and elects to carry back that nol to the extent possible. the tax rate for the years 2016 through 2018 is 35%, but the enacted tax rate for 2019 and later years will be 40%. as part of year-end adjusting entries, what total tax benefit will hammaker record as a result of the 2018 nol?
(a) $5,700,000
(b) $4,900,000
(c) $6,400,000
(d) $5,600,000
Answers: 1
Business, 21.06.2019 14:20
Gemini inc.'s optimal cash transfer amount, using the baumol model, is $60,000. the firm's fixed cost per cash transfer of marketable securities to cash is $180, and the total cash needed for transactions annually is $960,000. on what opportunity cost of holding cash was this analysis based?
Answers: 1
Business, 21.06.2019 14:40
Lohn corporation is expected to pay the following dividends over the next four years: $18, $14, $13, and $8.50. afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. if the required return on the stock is 14 percent, what is the current share price?
Answers: 2
Business, 21.06.2019 19:20
You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. the rate on treasury bills is 6%. your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a t-bill money market fund. what is the expected return and standard deviation of return on your client’s portfolio?
Answers: 1
Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Hammaker corp. began operations in 2016 and reported taxable net income of $10 million and $4 millio...
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