Which of the following situations would create an inclusion in an employee’s gross income? kay is the director and manager of holiday hotel. as a condition of her employment, kay is required to live at the hotel. the value of this is $1,000 per month. natalie is a secretary at jkl law firm. jkl provides her with free soft drinks. natalie estimates that she drinks $20 worth of soft drinks per month. brian is an airline pilot with we don’t crash airlines, inc. and is allowed to fly, as a passenger, for free on the airline whenever an open seat is available. eric moved from houston to new orleans. his expenses for the move included $400 of truck rental costs, $100 of lodging and $200 of pre-move house hunting expenses. eric’s employer reimbursed him $600.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.