Assignment:
1. Tax Calculation
The firm C has taxable income 76000
|
Taxable Income
|
|
Tax Rate
|
|
0
|
50000
|
0.15
|
|
50001
|
75000
|
0.25
|
|
75001
|
100000
|
0.34
|
|
100001
|
335000
|
0.39
|
|
335001
|
10000000
|
0.34
|
(1)Based on tax table above, please find marginal tax rate for firm C.
(2)According to tax table above, please calculate total tax of firm C and average tax rate for Firm c.
2. Balance sheet
The following statement is the balance sheet of firm A.
(1)According accounting rules and accounting equation to fill red box.
(2)If firm A sells products whose value is 10 million and the value is not paid in cash. The firm A will get cash in the future. In this case, which item in the balance sheet will increase and which item in the balance sheet will decrease?
3. Financial Cash flow and statement of cash flows
You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $84 million in current taxes and had an interest expense of $41 million.
(1)Use information above :interest expenses, current tax and statement of cash flow to compute financial cash flow.
(2)Based on Statement of cash flow, please calculate the cash flow for shareholders and cash flow for debtholders. Based on Calculation, write down the equation about Cash flow for different stakeholders.
Please find attachement
Attachment:- Financial Cash Flow.rar