Log in
Accounting
1
answer
0
watching
126
views

VAT 10%

How will it impact consumers? (7 point with explanation)

How will it impact businesses? (7 point with explanation)

Solid and practical recommendations for the successful implementation of VAT in UAE( united Arab emirates). (7 point with explanation )

Watch
1
answer
0
watching
126
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Trinidad Tremblay
Trinidad TremblayLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

Comprehensive Financial Statement Analysis Part 2 - Q2 (a) - (b) The yard manager wants to purchase a new machine for $600,000 (total cost including delivery, installation and tax). Estimates it will save $110,000 a year for 7 years, with a residual value of $25,000 after 7 years. Required (a): Using NPV analysis, with the company's required rate of return of 7%, should the purchase be approved? (ignore depreciation tax impact) Show NPV calculation in table format by year or using annuity for years 1 - 7. 7% Year Amount Factor NPV Required (b): Should it still be approved if the required rate is raised to 10% due to increasing interest rates?

The United States requires financial statements to be prepared under GAAP but most every other country utilizes the international Financial Reporting Standards (IFRS). For many years the United States has been working toward converging GAAP rules with IFRS so that companies could have one set of rules that would apply to every county when issuing their financial statements. There are still some major differences between GAAP and IFRS. Intangible assets is one of the differences, provide an explanation of the difference in detail including what financial statements would be affected and how it would affect financial statements if we were to change our rule to match IFRS. Citations please.

Choosing Cost-Reduction Initiatives. The Springcrest case studyprovides the opportunity to explore possible solutions thatillustrate sound fiscal management, and systemic improvements andchoosing cost reduction initiatives.

The Situation:

Springcrest is in a precarious financial position, runningfinancial deficits the past year and a deficit projected for nextyear. Below are several cost-reduction options to adopt with thegoal of reducing the deficit.

Have all employees take a day off without pay.

Reduce all salaries by 5%.

Renegotiate contracts for equipment asking for morecost-savings.

Renegotiate interest rates on the existing mortgage withNeighborhood bank.

Renegotiate maintenance and lease contracts.

Increase employees’ share of health care insurance premiums.

Require employees to pay for health care insurance fordependents.

Reduce the employee benefit expense by replacing apre-established number of full time employees with part-time(without benefits) employees.

reports your analysis of the Springcrest situation. Be sure tocomplete each of the following items:

Rank your cost-reduction choices in order by the magnitude withwhich they will impact Springcrest’s bottom line, from largest tosmallest.

Discuss specific details the rationale for your prioritizationchoices.

Develop an implementation plan for the top three Initiatives youchose. Describe in detail the following:

What is the financial impact of your top three choices:Specifically, how much money would Springcrest save by implementingthese cost-reduction choices?

How you would approach this implementation plan within theorganization?

Who would you involve in the process?

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in