Caperdic LLP (Caperdic) is 100% owned by Colin Caperdic, a resident of Canada. The company has a December 31 year end. You have been provided with the following information for Caperdic:

For the year ended December 31, 2021, Caperdic reported accounting net income of $747,500. Current and future income taxes reported in the income statement were $103,600.

Selling general and administration expenses includes meals and entertainment of $16,200 and golf club membership fees of $9,800 for Colin. He uses the club exclusively to entertain clients of Caperdic.

For accounting purposes, Caperdic records its short-term investments at fair market value. During fiscal 2020, Caperdic paid $28,700 to acquire shares of Rennock Co. (Rennock). The fair value of Caperdic’s investment in Rennock was $26,500 and $31,600 on December 31, 2020, and 2021, respectively. Caperdic received a dividend of $1,400 on this investment during 2021.

Caperdic owns 25% of the shares of Gurnell Co. (Gurnell). It accounts for this investment using the equity method. Caperdic reported equity income on this investment of $32,800 during 2021. Caperdic received $20,900 of dividends on this investment during 2021. Gurnell had designated 20% of these dividends as eligible dividends and the remaining 80% as non-eligible dividends. Gurnell received a refund from NERDTOH at a rate of 10% of the non-eligible dividends paid, and from ERDTOH at a rate of 25% of the eligible dividends paid.

During 2021 Caperdic earned $24,600 in rental income (net of CCA) on a warehouse rented out to a neighbouring business.

Late in 2021, Caperdic shut down one of its factories and sold the land, building, and equipment, the details as follows:

Selling Original

Price Cost NBV UCC

Land $ 374,000 $ 295,000

Building 432,000 346,000 265,000 302,000

Caperdic made charitable donation of $16,800 during 2021.

Assume that the CCA claim for other depreciable assets is equal to amortization expense reported in accounting net income and that the CCA claim does not include any recapture or terminal losses on disposal of depreciable capital assets.

Information about carry forwards from the 2020 notice of assessment are as follows:

Net capital loss from 2017 $5,750

Non-capital loss available for carry forward 38,900

Charitable donations available for carry forward 4,800

NERDTOH account balance (1) 8,400

(1) Caperdic did not declare or pay any dividends during 2020. During 2021, Caperdic declared and paid dividends of $95,000.

Caperdic’s taxable capital employed in Canada in 2020 was less than $10,000,000 and its adjusted aggregate investment income in the that year was less than $30,000. Caperdic is not associated with any other corporations.

Required:

Part A

a) Determine net income for tax purposes for Caperdic for 2021.

b) Determine taxable income for Caperdic for 2021.

c) Determine property income and taxable capital gains included in net income for 2021.

d) Determine aggregate investment income

e) Determine net Canadian active business income for Caperdic for 2021.

EAR = [ 1 + (APR/m)]^m -1 where, m = periods in one year.

The term "annual percentage rate" (APR) describes the annual interest that is produced by an amount that is charged to borrowers or paid to investors. APR is a percentage that represents the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other charges related to the transaction. Consumers can evaluate lenders, credit cards, and investment goods using the APR as a benchmark figure.

What Makes an Effective APR?

What constitutes a "good" APR will vary depending on the market's competing rates, the central bank's prime interest rate, and the borrower's own credit score. Companies in competitive industries will occasionally offer very low APRs on their credit products, such as 0% on vehicle loans or leasing options, when prime rates are low. Although these low rates could sound alluring, clients should make sure that they are permanent and not just introductory rates that will change to a higher APR after a set amount of time. Furthermore, individuals with really good credit ratings can be the only ones who can get low APRs.

Calculation:

a. [ 1 + (0.099/4)]^4 -1

EAR = 10.27%

b. [ 1 + (0.189/12)]^12 -1

EAR = 20.62%

c. [ 1 + (0.149/365)]^365 -1

EAR = 16.06%

d. [ 1 + (0.119/10,000)]^10,000 -1

EAR = 12.63%

Learn more about the annual percentage rate (APR) with the help of the given link:

brainly.com/question/2142836

#SPJ4

Correct question:

Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)

a. 9.9% Quarterly

b. 8.9% Monthly

c. 14.9% Daily

d. 11.9% Infinite

The type of organization that is defined as a central hub surrounded by networks of outside suppliers and specialists is known as a hub and spoke organization. In this model, the central hub acts as a coordinating entity, connecting and directing the activities of the various spokes or networks of outside suppliers and specialists.

This allows for a more streamlined and efficient supply chain management system, with the hub serving as the central point for communication, decision-making, and resource allocation.
The type of organization you are referring to is called a "hub-and-spoke" organization. In this organizational structure, a central hub is connected to a network of outside suppliers and specialists, with the hub being responsible for coordinating and managing the various activities of the network. This structure enables organizations to streamline their operations, leverage expertise from external partners, and adapt to changing market conditions.

To know more about hub and spoke organization visit:

https://brainly.com/question/13574444

#SPJ11

When making an investment, one must take into conside all four that are  Liquidity, risk, time, and return.

Most investors consider an average yearly rate of return of 10% or above to be a respectable ROI for long-term stock market investments. Remember, though, that this is an average. There will be years when the returns are smaller, maybe even negative. There will be years with noticeably higher returns.

A fundamental tenet of investing is the risk-return tradeoff, which states that the potential gain increases with risk. Investors must take into account a variety of aspects, including as their general risk tolerance, their ability to replenish lost cash, and more, in order to determine the right risk-return tradeoff.

To know more about investment returns visit:-

https://brainly.com/question/11874564

#SPJ9

Answer:

Explanation:

what do you need help with', though

The expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.

A financial ratio used to calculate the returns over monetary engagement during a financial period is generally regarded as the rate of return over such investment.

Using the given information, the expected rate of return will be computed as,

\(\rm Rate\ of\ Return= \dfrac{Net\ Income}{Investment}\ x\ 100\\\\\rm Rate\ of\ Return= \dfrac{92000}{300000}\ x\ 100\\\\\rm Rate\ of\ Return= 30.67\%\)

Similarly, when such return is earned, the cash payback will be computed as,

\(\rm Cash\ Payback= \dfrac{Investment}{Cash\ Inflow}\\\\\rm Cash\ Payback= \dfrac{300000}{92000}\\\\\rm Cash\ Payback= 3.125\)

Hence, the expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.

Learn more about rate of return here:

https://brainly.com/question/24232401

#SPJ2

One of the most important things to consider when planning for retirement is how much money you will need to live comfortably. It's not always easy to estimate this amount, but there are a few factors that can help you figure it out.

In this scenario, the goal is to save $2 million over 30 years. To achieve this goal, investing into a retirement account that guarantees an 8% annual return is an option. To calculate how much to put into your retirement account each year, you need to use a formula known as the Future Value of an Annuity (FVA).

The formula is:FVA = Pmt x [ ((1 + r)n - 1) / r ]Where:Pmt = the amount you will contribute each yearr = the annual interest raten = the number of yearsFVA = the future value of the annuity Using the given values:

r = 8%n = 30 yearsFVA = $2 millionPutting these values into the formula:FVA = Pmt x [ ((1 + r)n - 1) / r ]$2,000,000 = Pmt x [ ((1 + 0.08)30 - 1) / 0.08 ]S

implifying this equation:20.633 = Pmt x [ (10.0629) / 0.08 ]

To know more about important visitl:

https://brainly.com/question/24051924

#SPJ11

The following statement "Direct selling is the most expensive form of retailing" is True.

Unlike wholesale, which sells products and services to businesses or institutional customers, retail is the sale of goods and services to consumers. Retailers buy products in bulk from manufacturers, either directly or through wholesalers, and then make a profit by selling them to customers in smaller quantities. The chain of distribution between the producer and the consumer ends with the retailer.

Retail markets and shops have been around since the dawn of time. Itinerant peddlers are among the oldest types of vendors. Over time, retail establishments have evolved into today's modern shopping malls from being nothing more than "rude stores".

Hence the correct option is A

To know more about Retailing here-

https://brainly.com/question/28963307

#SPJ4

Answer: C. An estimate that offers to provide goods and services at a

specified price and sometimes by a specified date

Explanation:

is the correct answer

The sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date. The correct option is (C).

A sale is a transaction that involves exchanging products or services for a specific sum of money.

To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment.

The availability of the goods and services that are to be acquired as well as the seller's authorization to transfer the goods and services to the appropriate buyer are among the conditions precedent to a sale.

Sales support the growth of a business. Better sales translate into better earnings, which aid in the development and growth of the company. Therefore, the profit and margin are better the more that is sold.

Therefore, the sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date.

To know more about the sale, visit:

https://brainly.com/question/29436143

#SPJ2

**Some consumers in Detroit feel it is wrong to purchase vehicles made in other parts of the world instead of supporting local manufacturers, which is an example of consumer *ethnocentrism*.**

Ethnocentrism refers to the belief or attitude held by individuals or groups that their own culture, country, or region is superior to others. In the context of consumer behavior, ethnocentrism manifests as a preference for purchasing products or supporting businesses that are local or domestically produced, while expressing dissatisfaction or reluctance towards goods manufactured in foreign countries.

The example of consumers in Detroit feeling it is wrong to purchase vehicles made elsewhere instead of supporting local manufacturers reflects this ethnocentric perspective. They prioritize supporting local businesses and promoting the local economy, driven by a belief in the superiority or value of locally produced goods over those from other parts of the world.

Learn more about local manufacturers  here:

https://brainly.in/question/9271338
#SPJ11

Cross-examination questions often abruptly end conversations because they typically interrupt the natural flow of conversation. These questions are designed to test the credibility of a witness, to expose weaknesses in their testimony, or to gather information that may be useful in undermining the opposing party's case.

They can be aggressive and confrontational, and they are often used by lawyers to challenge the evidence presented by an opposing party or witness. A cross-examination question might seek to clarify a point that was raised during direct examination, challenge a witness's memory or recollection, or probe the witness's motives or biases.

The goal of a cross-examination is to elicit information that is favorable to one's own case or to damage the credibility of the opposing party or witness. However, cross-examination questions can also be used to establish the truth of a matter, to establish the credibility of a witness, or to reveal important facts that were not previously known. Overall, cross-examination is a powerful tool for attorneys, but it can be difficult to use effectively, and it can sometimes backfire if not handled properly.

To know more about examination visit:

https://brainly.com/question/33449113

#SPJ11

Answer:

improvements were clearly evident; as; democratic leadership style

Explanation:

What this means is that;

"Adrienne is part of the senior management team at a company in which improvements were clearly evident since her appointment, as both morale and client-satisfaction have dramatically improved. Among her driving principles is the idea that people work better when they are both motivated and empowered to reach their goals, that each team member must contribute fully, and that when she has to make a key decision, everyone knows why she is making it. She is a useful example of how democratic leadership style works."

Note, a democratic leadership style is one in which the manager or leader allows participation from his subordinates; in other words, it is a participative form of leadership.

The operating section of the statement of cash flows can be shown through either the direct method or the indirect method. With either method, the investing and financing sections are identical; the only difference is in the operating section.

The statement of cash flows for the indirect method starts with net income or loss and then adds or subtracts from that amount non-cash revenue and cost elements to arrive at cash flow from operating activities. A cash flow statement's reported changes in cash collections and payments are known as direct cash flow. To calculate an inferred cash flow, indirect cash flow uses net income and multiplies or divides it by changes in non-cash transactions. The 2006 Companies (Accounting Standards) Rules control the applicability of cash flow statements. However, the business act of 2013 mandates that the cash flow statement be prepared and presented in financial statements, subject to few exceptions that are listed in the act.

To learn more about operating section click the link below:

brainly.com/question/24168340

#SPJ4

The organization often benefits indirectly from the data gathering phase in that members begin observing how things are currently being done and it promotes self-examination and assessment. The correct option is e. answers a and b

The organization often benefits indirectly from the data gathering phase in that it promotes self-examination and assessment (option b) and members begin observing how things are currently being done (option a).

During the data gathering phase of organizational development (OD), various methods are employed to collect information and data about the organization, including its processes, systems, and people.

This data gathering process encourages individuals and groups within the organization to reflect on their current practices, assess their strengths and weaknesses, and identify areas for improvement.

This self-examination and assessment (option b) can lead to increased self-awareness, identification of issues or gaps, and the recognition of the need for change or intervention.

Additionally, the data gathering phase allows members of the organization to observe how things are currently being done (option a). This includes examining existing workflows, communication patterns, decision-making processes, and organizational dynamics.

By observing and understanding the current state of affairs, individuals can gain insights into areas that may require improvement or optimization.

Therefore, both options a and b are correct, indicating that the organization benefits indirectly from the data gathering phase through promoting self-examination, assessment, and the observation of current practices.

Therefore, the correct option is E, answers a and b.

To know more about data gathering phase, refer here:

https://brainly.com/question/28284103#

#SPJ11

Answer:

a. $1,200

Explanation:

Note: The full question is attached below

Number of training hours = 40 hour

Cost per hour = $30

Total cost = Number of hours * Per unit cost

Total cost = 40 * $30

Total cost = $1,200

Answer:

C or A

Explanation:

I could answer better with more context

Answer:

Cloud computing e-commerce artificial intelligence consumer electronics digital distribution self-driving cars

Explanation:

Answer:

Cloud computing e-commerce

Explanation:

it is used for artificial intelligence or the use of robots

Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.

To learn more about strategy refer to :

https://brainly.com/question/19566892

#SPJ4

Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.

The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or  technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.

To know more about, technological development, visit :

https://brainly.com/question/13743788

#SPJ4

Answer: You would have received 2000 clicks within the agreed payment of 0.20 per click. So 2000 people clicked on your social media campaign.

Explanation: 0.20x2000 = 400. Or 400/0.20 = 2000.

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

Learn more about the safety of goods here:

https://brainly.com/question/28480753

#SPJ1

The q2 2022 quarterly revenue amount implied by the accounts receivable balance and days in a/r is $ 26.8 mn.

Accounts receivable is the amount owed by a customer to a company for invoiced products or services. The total amount of all accounts receivable is included in the balance sheet as a current asset, including invoices for items or work performed on credit to customers.

Accounts Receivable (A/R) in days = number of working days in quarter × (Accounts receivable/ quarterly revenue)

12 = (91.25)× (3526000/Quarterly revenue)

Quarterly revenue = (3526000 × 91.25)/12

                                       =26812000

                                 =$ 26.8 mn

Accounts receivable is the amount a company owes a customer for the sale of goods or services. The journal entry used to record such credit sales of goods and services is made by debiting the customer account with a corresponding credit to the sales account.

Learn more about account receivable:

brainly.com/question/24871345

#SPJ4

The Virginia Plan, which established the foundation of the new Constitution, was primarily the work of James Madison and is considered one of the most significant documents in the history of American politics.

He proposed a strong central government with a two-chamber legislature, a national judiciary, and executive powers to carry out the laws. He also advocated a system of representation that would be based on population size or a mix of wealth and free population.

Madison was the author of the Virginia Plan, which proposed a powerful central government with three branches: legislative, executive, and judicial. It also called for a two-chamber legislature, with the upper house being elected by the lower house. The Virginia Plan's basic principles were the separation of powers, checks and balances, and federalism.

To know more about Plan visit:

https://brainly.com/question/32363096

#SPJ11

Answer: Private

Explanation:

As there are no options attached, the answer is most likely the above.

The Customer Service Institute of America(CISA), offers education and training to people to enable them improve in and show excellence in their customer service abilities.

They were founded in 2007 and offer a range of certificates to both individuals and companies.

Answer:

Strengths, Weaknesses, Opportunities, and Threats

Explanation:

Answer:

Strengths, Weaknesses, Opportunities, Threats. AKA. SWOT.

Explanation:

A SWOT analysis is a technique for assessing these four aspects of your business.

Answer:

C)The impacts of price changes in the market for smartphones

Explanation:

Macroeconomics is concerned with the decisions, performance, and behavior of the entire economy. It studies how a country allocates and distributes limited resources to different sectors of the economy. Macroeconomics analyses key economic indicators of unemployment, inflation, incomes, and the GDP growth rate.

The Government uses data from macroeconomic to formulate national economic strategies.  Price changes in the market for smartphones affect one sector but not the entire economy. Microeconomics is the branch that deals with decisions affecting single markets.

More information is provided when a total variation is split into price and quantity variances. Additionally, various middle managers contend with fluctuations in quantity and cost.

The two components that determine the purchase price variance are the standard number of units estimated to be used in the manufacturing process and the actual cost per unit of the direct materials purchased. The enterprise asset manager has control over this deviation.

The variance in material costs is frequently the buying manager's fault. Production managers and supervisors are frequently in charge of compensating for deviations in labor productivity and material volume.

To learn more about material price and quantity variance,

https://brainly.com/question/4464940

#SPJ4

Answer:

You will feel stronger once you gain a bit of flexibility, simply because that flexibility gives you the range of motion to let your muscles work more efficiently. Maintaining flexibility will aid in muscle and joints health, which can keep older adults doing their favorite daily activities and remain independent.

The payment by Cast Away Electronics to an official of a foreign government can be classified as a bribe.

A bribe is a payment made by an entity to another entity in order to gain an unfair advantage or favor.

Cast Away Electronics wanted to gain an unfair advantage in the treatment of a plant and so paid a government official. This is therefore a bribe.

In conclusion, this is a bribe.

Find out more on bribes at https://brainly.com/question/1278493.

Gross profit is a company's revenue minus its cost of goods sold (COGS). This calculation gives a company a better understanding of its overall profitability, as it measures the amount of money left over after accounting for the direct costs associated with producing and selling its goods and services.

The formula for calculating gross profit ratio is: Gross Profit Ratio = Gross Profit / Total Sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $48,000:We can use the formula to calculate the company's gross profit first, then divide by the given gross profit ratio to find the total sales.

Gross Profit = Total Sales - Cost of Goods SoldGross Profit Ratio = Gross Profit / Total SalesRearranging the formula for Gross Profit, we have:Gross Profit = Gross Profit Ratio x Total SalesSubstituting the given values, we get:Gross Profit = (Gross Profit Ratio) x (Total Sales)= Gross Profit Ratio = (Gross Profit) / (Total Sales)= Gross Profit Ratio x Total Sales = Gross Profit= (Gross Profit Ratio) x (Total Sales) = (Total Sales - Cost of Goods Sold)Therefore,Total Sales - Cost of Goods Sold = (Gross Profit Ratio) x (Total Sales)Total Sales - $48,000 = (Gross Profit Ratio) x Total

To know more about company's visit:

https://brainly.com/question/30532251

#SPJ11

The annual covariance between the returns of the S&P 500 and the hedge fund, assuming a correlation coefficient of 0.3, is 0.042.

In finance, covariance measures the degree to which two assets move in relation to each other. It is calculated as the expected value of the product of the deviations of each asset's return from its expected value. In this scenario, Greta is considering investing in two portfolios, the S&P 500 and a hedge fund, and is trying to determine the covariance between their returns.

Given the information provided, the S&P 500 has a risk premium of 5% per year with a standard deviation (SD) of 20%, while the hedge fund has a risk premium of 10% with an SD of 35%. The correlation coefficient between their annual returns is assumed to be 0.3. To calculate the annual covariance, we can use the formula:

Covariance = Correlation coefficient x SD of portfolio 1 x SD of portfolio 2

Plugging in the values, we get:

Covariance = 0.3 x 0.20 x 0.35 = 0.042

Therefore, the annual covariance between the returns of the S&P 500 and the hedge fund is 0.042.

To know more about covariance, refer here:

https://brainly.com/question/28135424#

#SPJ11

Complete question:

Greta, an elderly investor, has a degree of risk aversion of A = 3 when applied to return on wealth over a one-year horizon. She is pondering two portfolios, the S&P 500 and a hedge fund, as well as a number of one-year strategies. (All rates are annual and continuously compounded.) The S&P 500 risk premium is estimated at 5% per year, with a SD of 20%. The hedge fund risk remium/s estimated at 10% with a SD of 35%. The returns on both of these portfolios in any particular year are uncorrelated with its own returns in other years. They are also uncorrelated with the returns of the other portfolio in other years. The hedge fund claims the correlation coefficient between the annual returns on the S&P 500 and the hedge fund in the same year is zero, but Greta is not fully convinced by this claim.

If the correlation coefficient between annual portfolio returns is actually 0.3, what is the covariance between the returns? (Round your answer to 3 decimal places.) Annual covariance

By asking customers if they would want to supersize their meals for an additional fee, McDonald's engages in upselling.

To learn more about upselling refer :

https://brainly.com/question/3329912

#SPJ4