What is the profit of the business in the year.

QUIZ
October 31, 2020
Financial Accounting
October 31, 2020

Lee opened his new business on 1.January 2016. On that date, theonly asset was a bank
balance of $10,000. During the year, Lee’d drawings from thebusiness totalled $35,000. On
31 December 2016, the assets and liabilities of the business wereas follows: Computers and
furniture $60,000, inventory of raw materials $16,500, finishedgoods, at cost $7,400, bank
overdraft $11,600, trade payables, $5,500, prepayments $1,500,trade receivables $4,500,
the provision for bad debts $2,000, bank loan $39,000, interestpayable $500, accrued
expenses, $2,600. What is the profit of the business in the year ended 31 December 2016? . . .

 

Assume a company has taxable income (EBT) of $1.00 per share.Assume also that the corporate tax rate is 30% on profits and therich doctor/lawyer/etc. investor’s individual tax rate is50%. Assume the company pays out all its netincome as a fully-franked dividend to the investors. Calculate the after-tax dividend per share that the investorcould put towards her yearly smashed avocado budget under both A) aclassical taxation system and B) a dividend imputation system. . . .

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trbet giriş - kronosslot -

lavivabet giriş