Intangible capital assets are included in which CCA class(es) for income tax purposes? O A. Classes 14 and 14.1 B. Classes 10 and 10.1 OC. Class 13 OD. Classes 8 and 10
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- Explain in detail the similarities and differences between the following types of annuities: a.SPIA b.SPDA c.FPDA d.Why no FPIA?Restricted stock is Multiple Choice a special type of stock that is not transferable from the current holder to others until specific conditions are satisfied. a special type of stock that can be converted into corporate bonds after a specific amount of time has elapsed. a special type of stock that is a result of offering an employee stock ownership plan.Money taken out of a sole proprietorship by an owner is: Choose the correct answer 1. subject to income tax, Employment Insurance and Canada Pension Plan 2. deductions when taken out. 3. considered an expense 4. taken as a draw against anticipated profits 5. all of the above
- What is thin capitalization rules?Gross profit from following income statementTrue or false 1. Interest Rate Parity allows a company to lock in profits by borrowing in the low interest rate currency and investing in the high interest rate currency? 2. When calculating Days Sales Oustanding, it is important to include all credit and cash sales in the equation.
- On December 31, 2019, the unadjusted trial balance of Tarzwell Services showed the following balances: Accounts receivable Allowance for doubtful accounts Sales $200,000 1,000 Cr. 700,000 The business has given up trying to collect $5,000 of its accounts receivable but has not yet recorded the write-off entry. The firm uses the allowance method to estimate bad-debt expense. Required a) Provide the entry for the write-off. b) If the firm uses the percent-of-sales allowance method for recording bad-debt expense, and has experienced an average 6% rate of non-collection based on sales, provide the entry to record bad-debt expense for 2019. c) Assume that after the firm recorded the $5,000 of write-offs, it determined that 18% of its remaining accounts receivable will be uncollectible under the aging method. Provide the entry to record bad-debt expense. Don't give answer in image formatdiscussing and explaining one of the critical causes of failure of aperformance management systemWhat are 3 examples of cash controls and 3 of inventory controls?
- If the contract annual interest rate on a $2,880,000 fixed rate loan that is fully amortizing over 20 years with equal monthly payments is 6.25%, what is the effective yield to the lender if the lender charges 1.5% as an origination fee, $288 for a credit report and $3,080 for an appraisal fee and the loan is repaid after ten years? a. 6.25% b. 6.51% c. 6.46% d. 6.49%Explain in detail that increase in the capital stock would cause the real rental price of capital to (Hint: Use Cobb-Douglas production function)EBIT (earnings before interest and taxes) is derived from: a. EBITDA-Depreciation b. Sales-Gross Margin c. Gross Margin-General Expenses-Employee Expenses