Hemingway corporation is considering expanding its operations to boost its income, but before making a final decision, it has asked you to calculate the corporate tax consequences of such a decision. currently, hemingway generates before-tax yearly income of $196,000 and has no debt outstanding. expanding operations would allow hemingway to increase before-tax yearly income to $338,000. hemingway can use either cash reserves or debt to finance its expansion. if hemingway uses debt, it will have a yearly interest expense of $69,000.

create a spreadsheet to conduct a tax analysis (assume a 27% flat tax rate) for hemingway corporation and determine the folowing:
a) what is hemingway's current annual corporate tax liability?
b) if hemingway finances its expansion using cash reserves, what will be its new corporate tax liability?
c) if hemingway finances its expansion using debt, what will be its new corporate tax liability?

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.