Question
Accounts Tax GST
May 30, 2021, 4:53 p.m.
Answer
The ballygunj coal co. Ltd took lease of a collary on the basis of 25 p per ton on the coal raised subject to minimum rent of 1500 per year with the right of recouping shortworking during the first 4 year of the lease the quantity raised were : 3000 ton in 2012-13,3200ton in 2013-14,4500 ton in 2014-15,5000ton in 2015-16 .you are required to pass the necessary journal entries in the book of ballugunj coal co.ltd,for recording the above and open landlord account??
Accounts Tax GST
May 30, 2021, 3:26 p.m.
Answer
Susan Mbaya is an employee of Mauzo Ltd. She has provided the following details pertaining to
her income in the year of income 2021:
i) Her monthly basic salary was sh. 105,000 (PAYE sh. 21,000 per month)
ii) She was provided with a house by the company. The rental Market value was sh.
35,000 per month. The house was fully furnished and the cost of the furniture was
sh. 800,000.
iii) She was provided with free airtime of sh.10,000 for her cellphone
iv) She obtained a Life insurance policy of sh 1,000,000, where the company paid sh
40,000 per month to the insurance company
v) She was paying owner occupier interest of sh 600,000 on a mortgage loan she took
to build her own home
vi) She received a bonus allowance of sh. 180,000 in that year for working extra time.
vii) She was provided with a company car of 2500cc. The car was purchased by the
company for sh 2,092,000 on 1st
January 2019.
viii) She is a member of a registered pension scheme where she contributed sh. 18,000
per month towards the scheme
ix) She received a year end bonus payable to executive staff of sh. 120,000
x) The employer reimbursed (refunded) her, all medical expenses she incurred during
the year, amounting to sh. 365,400. The company’s medical scheme covers all staff
members.
xi) She spent sh 20,000 of her own money in the service of her employer and she has
maintained receipts of these payments. However, her employer only refunded her
sh. 5,000
Required
Taxable income of Susan Mbaya for the year of income ended 31st December 2021 and the Tax
payable ( if any ) on the income computed.
Question Two
Wepesi Manufacturers. commenced business
Sir class 7 ka chapter no 8 on comparing quantity ka exercise 8.1 hai nahi sir to app teachoo app per exercise dal dena sir thank you
Accounts Tax GST
May 30, 2021, 12:32 p.m.
Answer
Amazon Inc. is a fast-growing company. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at a constant
7% rate. Amazon’s cost of capital is WACC = 13%.
Time
1
2
3
Free cash flow ($ millions)
-$20
$30
$40
What is Amazon’s terminal, or horizon, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.)
What is the current value of operations for Amazon?
Suppose Amazon has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the price per share?
7% rate. Amazon’s cost of capital is WACC = 13%.
Time
1
2
3
Free cash flow ($ millions)
-$20
$30
$40
What is Amazon’s terminal, or horizon, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.)
What is the current value of operations for Amazon?
Suppose Amazon has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the price per share?
Sir,
We have cloth rolled job work for textiles so which Hsn code show on invoice
We have cloth rolled job work for textiles so which Hsn code show on invoice