Bill Kimball

Bill Kimball
Bill Kimball has over thirteen years of experience in public accounting and provides audit and assurance services to both public and private businesses in a variety of industries including petrochemical, healthcare, hospitality, restaurants, not-for-profit, settlement trusts and employee benefit plans.
Income Tax Features Of C Corporations

Income Tax Features Of C Corporations

October 9, 2023

The shareholders then pay personal income taxes on the dividends. However, there are ways to reduce or eliminate double taxation that a tax adviser can recommend.

Unless the corporation’s governing documents provide otherwise, there are no restrictions on who can own stock in a C corporation.
Self-employment tax covers Social Security …

What Is Inventory

What Is Inventory

October 9, 2023

Factory overhead also includes rent, utilities, insurance, equipment setup and maintenance costs. It also includes the purchase cost of small factory tools that are fully expensed when acquired, as well as the depreciation costs of larger equipment. Companies spend a lot of money on labor, whether for salaried employees or hourly workers. …

Incremental And Opportunity Costs

Incremental And Opportunity Costs

October 6, 2023

Analyzing and understanding incremental cost enable companies to improve production efficiency. In an equilibrium state, markets creating negative externalities of production will overproduce that good. As a result, the socially optimal production level would be lower than that observed. Represents such a graph in which the project consists …

Operations Management Basics

Operations Management Basics

October 6, 2023

However, large batches also increase inventory – with all of the negative consequences (e.g. storage costs, ageing of shelved products etc.). How do we explain why training with larger batch sizes leads to lower test accuracy? One hypothesis might be that the training samples in the same batch interfere with each others’ gradient. …

Retail Sales And Use Tax

Retail Sales And Use Tax

October 6, 2023

Wholesalers of tobacco products must collect and send sales tax to retailers and report these sales as taxable sales on their sales tax return. Tax-exempt organizations that sell tangible personal property or telecommunications services in the regular course of business are also considered vendors and required to collect sales/use tax. Direct …

Incremental Analysis

Incremental Analysis

October 6, 2023

Therefore, the company should sell XY1 rather than process it further. A company should eliminate any segment in which the contribution margin is less than the fixed costs that are unavoidable.

Assume the same information as question 14 and determine AST Electrical’s markup percentage using variable-cost pricing. The total estimated …