Question 1 (Financial Management Overview) 25 Marks 1. Suggest and explain two forms of daily...

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Question 1 (Financial Management Overview) 25 Marks 1. Suggest and explain two forms of daily functions and two forms of occasional functions that the financial manager performs Question 2 (Capital Cost Allowance-CCA & Taxes ) 25 Marks a) R Corporation purchased a long-term asset for $80,000. The asset has a CCA rate. At the end of year 5, R Corporation sold the asset for 25,000. G this information, determine the value of the terminal loss or recapture at end of year 5. Show calculations in detail. b) The net income of an individual is $50,000, the tax liability is $10,704.50 the marginal-tax rate is 28%. Based on this information calculate the aver tax rate of this individuals 15 16 17 10 59 18 OR ? & % 5 6 7 8 9 0

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