Anfield Ltd is a privately-owned trading company that operates a number of sports clothing and equipment stores in the North of England. The latest set of financial statements shows that it had a turnover of £5 million, with net assets of £6m (including a cash balance of £1m). The company is 100% owned by two brothers (each owning 50% of the ordinary share capital).   The Directors are considering the need for a new central warehouse, and have been told that this would cost £3m in total to get it up and running.   Advise the directors of Anfield Limited on the following:   a）How to assess whether the project would be financially viable, and if the decision is made to go ahead, how the project would be financially managed and monitored     b）How to fund the expansion

A Pirate's Life for Me, Inc. has been doing business for years in New York State providing boat building services. This year is the first year it was able to expand its business to another state, North Carolina. During the year the company had $1,000,000 of sales in New York State and $1.200,000 of sales in North Carolina, A Pirate's Life for Me, Inc. had payroll and property only in New York in the amount of $1,500,000 and $5,000,000, respectively. NC applies a single sale factor apportionment formula. Please explain the tax impact to the company of doing business in North Carolina and where the company will have to file corporate tax returns this year.

Taste-T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods made an offer to buy Taste-T Company for $6,000,000. Themarket value of Taste-T’s tangible assets, net of liabilities, on the date of the offer is $5,600,000.Taste-T also holds a patent for a fluting machine that the company invented (the patent with a market value of $200,000 was never recorded by Taste-T because it was developed internally). Howmuch has Down Home Foods included for intangibles in its offer of $6,000,000? Assuming TasteT accepts this offer, which company will report Goodwill on its balance sheet and at what amount?

You manage a real estate investment company. One year ago, the company purchased 10 parcels of land distributed throughout the community for $11.2 million each. A recent appraisal of the properties indicates that five of the parcels are now worth $9.0 million each, while the other five are worth $17.0 million each. Ignoring any income received from the properties and any taxes paid over the year, calculate the investment company's accounting earnings and its economic earnings in each of the following cases: a. The company sells all of the properties at their appraised values today. b. The company sells none of the properties. c. The company sells the properties that have fallen in value and keeps the others. d. The company sells the properties that have risen in value and keeps the others. Note: Negative amounts should be indicated by parentheses. Enter your answers in millions. a. b. C. d. Accounting Economic Income (million) Income (million)