A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax forms. The software costs $1600 and this expense will be incurred immediately. The firm estimates that it will save $725 of cash flow at the end of each year beginning in one year for 9 consecutive years, and also save $1994 in year 10. What is the payback on the computer package

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?

Awatch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made by this company do not have any stand out feature to differentiate itself from the other companies or justify its high price. this company would be considered as a firm.

If 12 million pairs of shoes are sold, , which means that: it would be more efficient for society to devote fewer resources to the production of shoes. it would be fairer for society to devote fewer resources to the production of shoes. society is currently devoting the efficient quantity of resources to the production of shoes. it would be fairer for society to devote more resources to the production of shoes. it would be more efficient for society to devote more resources to the production of shoes.