Eric works for a company with a defined contribution benefit pension plan. He will retire in ten… 1 answer below »

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Eric works for a company with a defined contribution benefit pension plan. He will retire in ten years (at age 65) and expects his salary to be $100,000 in his last year of work.Social security should pay him $1,325 per month at that time. If he needs 80 percent of his income to maintain his standard of living upon retirement, how much annual income will he need from his employer’s plan and from his own planning when he retires?

Should lending laws be changed to require lenders to report EARs instead of APRs? Why or why not?

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APR and EAR – Should lending laws be changed to require lenders to report EARs instead of APRs? Why or why not?

Calculating Rates of Return – Although appealing to more refined tastes, art as a collectible has…

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Calculating Rates of Return – Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby"s sold the Edgar Degas bronze sculpture Petite Danseuse de Quartorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500. What was his annual rate of return on this sculpture?

Cansela Corporation uses a periodic inventory system and the LIFO method to value its inventory. The 1 answer below »

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Cansela Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2018 with inventory of 4,500 units of its only product. The beginning inventory balance of $64,000 consisted of the following layers: 2,000 units at $12 per unit ……….. = $24,000 2,500 units at $16 per unit ………… = 40,000 Beginning inventory …………………$64,000 During the three years 2018-2020 the cost of inventory remained constant at $18 per unit. Unit purchases and sales during these years were as follows: _________Purchases ______ Sales_ 2018 ……. 10,000 ………… 11,000 2019 ……. 13,000 ………… 14,500 2020 ……. 12,000 ………… 13,000 Required: 1. Calculate cost of goods sold for 2018, 2019, and 2020. 2. Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for each of the three years. 3. Prepare the company s LIFO liquidation disclosure note that would be included in the 2020 financial statements to report the effects of any liquidation on cost of goods sold and net income. Assume any liquidation effects are material and that Cansela s effective income tax rate is 40%. Cansela s 2020 financial statements include income statements for two prior years for comparative purposes.

intercontinental baseball manufacturers (IBM) has an outstanding bond with a $1,000 face value… 1 answer below »

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intercontinental baseball manufacturers (IBM) has an outstanding bond with a $1,000 face value that matures in 10 years. The bond, which pays $25 interest every six months ($50 per year), is currently selling for $598.55. What is the bond's yield to maturity?

The New Shoes simulation offers three regions in which your athletic company operates. The foreign r

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The New Shoes simulation offers three regions in which your athletic company operates. The foreign region may be an option for your organization as the simulation develops. Which strategies would be best suited to meet the needs of your foreign market? Explain how you will determine the best strategy for your athletic business and provide support for your response as well. Finally, share two examples of organizations that have made marketing mistakes when entering the global marketplace and the consequences of their mistakes.

Discuss the three components of Access Control and their importance. It must be at least 250 words..

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Discuss the three components of Access Control and their importance.

It must be at least 250 words and have references.

Three components are :

Hello, I was hoping if you could help me with a business plan of starting a Brazilian restaurant in

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Hello,
I was hoping if you could help me with a business plan of starting a Brazilian restaurant in Barcelona.
what I need to do is a very detailed work in this topics:
Executive summary
introduction & backround
Market definition
organization plan

thank you

To arrive at an estimate of the net profit margin, why would you spend time estimating the operating…

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To arrive at an estimate of the net profit margin, why would you spend time estimating the operating profit margin and work down?

Built in gains tax

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Theta corporation formed 15 years ago. In its first year, it elected to use the cash method of accounting and adopted a calendar year as it tax year. It made an S election on August 15 of last year, effective for theta's current tax year.. At the beginning of the current of the current year, Theta had assets with a $600,000 FMV and a $180,000 adjusted basis. During the current year, Theta reports taxable income of $400,000.

In the current year, Theta collects all $200,000 of accounts receivables on outstanding on January 1 of the current year. The receivables had a zero adjusted basis.

On February 1, Theta sells an automobile for $3,500. The automobile had a $2,000 adjusted basis and a $3,000 FMV on January 1 of the current year. Theta claimed $800 of MACRS depreciation on the automobile in the current year.

On March 1, Theta sells land ( a sec 1231 asset) that it held for three years in anticipation of buliding its own office building for a $35,000 gain. The land had a $45,000 FMV and a $25,000 adjusted basis on January 1 of the current year.

In the current year, Theta paid $125,000 of accounts payable outstanding on January 1 of the current year. All the payables are deductible expenses.

What is the amount of Theta's bulit-in-gains tax liabilty.

Please only reply if you have a complete and detailed answer, thank you