Hi, I need help this kind of exercise. Let asume I use Target Corporation (www.target.com) as a chosen company, how can I answer those questions?
Thanks for your assistance.
In case that the US Congress voted to eliminate corporate taxes, what would be the effect on Target's income statement and balance sheet? How can you Defend your response.
Trying to find out on How to Calculate the income tax rate for your chosen company. What effect will an increase in income of $2,000,000 have on your company?, What are the effects on the balance sheet and income statement? Justify your response. How much did your company pay in foreign taxes last year? What percentage of its income is United States vs. foreign?
With reference to Pensions
Assuming From Target's financial information, what type of pension plan does it have? What could be the reason for Target choosing that plan. What was the effect of the pension plan on your company's financial statements?
And if your Your CEO has informed you—the controller of Target corporation—that the board of directors has made the decision to look at other options of types of retirement plans. Investigate what other alternatives would be available, and determine which would be appropriate for your particular company.
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