Case 11: "Ashley Palmer Clothing, Inc. (p554-556; Questions 1, 2, & 3)”; Read and Analyze the case. Make sure that you provide a detailed evaluation of the four specific financial issues as provided in your text.
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- Larkin and Oliver bought their first home in May 2019. Their real estate agent told them that all of the property tax would be deductible. Is this accurate? Yes. All property tax is deductible on the purchase of homes. Yes. Besides the complete property tax deduction, homeowners can also get an exclusion from capital gains (but only if they are a married couple, like Larkin and Oliver). No. The only tax benefit for homebuyers is that they are allowed to withdraw up to $10,000 from their IRA to go toward the down payment for their home. No. Homeowners can deduct a total of $10,000 between state, city, and property taxes.Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibilityWhich of the following correctly categorizes the items as entity level factors and industry/economic effect factors? O Entity level factors; 1, 4, 6; Industry/Economic effect factors; 2, 3, 5, 7,8 O Entity level factors; 3, 4, 6; Industry/Economic effect factors; 1, 2, 5, 7, 8 O Entity level factors; 1, 3, 4, 5, 6; Industry/Economic effect factors; 2, 7, 8 O Entity level factors; 1, 3, 4, 6; Industry/Economic effect factors; 2, 5, 7, 8 O Entity level factors; 1, 4; Industry/Economic effect factors; 2, 3, 5, 6, 7, 8 O Entity level factors; 1, 2 3, 4, 6, 7; Industry/Economic effect factors; 5, 8
- PLS HELP ASAP1. Retrieve the SEC's complaint against ClearOne Communications, Inc. (www.sec.gov/ litigation/litreleases/lr17934.htm). Describe management's scheme for inflating revenue.A Delaware LLC wanted to acquire a 300,000 square foot class “A” office building in Philadelphia for $150 per square foot that was 77% leased. Wells Fargo agreed to fund a purchase money mortgage loan with a maximum LTV of 60%. What is the minimum amount of equity that would be needed to close the acquisition? a. $45,000,000 b. $9,000,000 c. $18,000,000 d. $27,000,000
- 82) Which of the following is an example of an action done by a firm to conduct structuring? a) Stock buy-back b) Leveraged buy-out c) Either A and B d) Neither A nor bPls help ASAP for bothJack, a stockbroker, was an inexperienced in tax. He has sought the advice of an independent designated tax professional to advise him on tax planning and tax shelter that he needs. Simon, who is a designated accountant who specialized in those areas, advised Jack to invest in a number of multiple unit residential building (MURBs), a real estate investment project as tax shelter, by the conventional wisdom, were safe and conservative. When the value of MURBs fell during a decline in the real estate market, Jack lost heavily in his investment. Though the advice was perfectly sound at the time it was given, but unknown to Jack, Simon was also acting as adviser for developers in restructuring the MURBs and did not disclose that fact to Jack. In the context of breach of contract, is Jack liable for the loss of investment? In the context of breach of fiduciary duty, is Jack liable as well? Does ethics issue involve? Please state your reasons. Mr. Hunt, who has just retired, set up an…
- 3.4 ETHICS CASE: ASSIGNING COSTS Adapted from Mowen's "Managerial Accounting (7th Ed.)" Case 4-67 Tonya Martin, CMA and controller of the Parts Division of Gunderson Inc., was meeting with Doug Adams, manager of the division. The topic of discussion was the assignment of overhead costs to jobs and their impact on the division's pricing decisions. Their conversation was as follows: ● Tonya: Doug, as you know, about 25% of our business is based on government contracts, with the other 75% based on jobs from private sources won through bidding. During the last several years, our private business has declined. We have been losing more bids than usual. After some careful investigation, I have concluded that we are overpricing some jobs because of improper assignment of overhead costs. Some jobs are also being underpriced. Unfortunately, the jobs being overpriced are coming from our higher- ume, labor-intensive products, so we re losing business. Doug: I think I understand. Jobs associated…Pls help ASAPPls answer fast i give up vote