Strategic & Financial Planning for Property Managers Manual course

1) Outline the following types of Audits (6 marks) a. The Board of a private residential property landlord corporation has hired a firm to assess whether the corporation makes efficient use of utilities. b. The Service Manage for GO Non-Profit Housing Corporation calls you, the Property Manager, to make an arrangement to come to the property with the purpose of reviewing the operations of the non- profit to meet the terms of the funding agreement. 2) Bad Properties is for sale for $40,000,000; Mega Acquisitions (MA) is considering acquiring the firm and is commencing its due diligence on the company. MA has asked the owners of Bad to provide their most recent Financial Statements. Bad provides the Financial Statements without any financial assurance. What would you recommend to the owners? (6 Marks) 3) Should a firm have a TD1 for their new employee Hayley Brianne and why? (1 Mark) Is EHT applicable for a company with a gross salary of $500,000 and why? (1 Mark) Sarah Hayley is hired to mow the lawns. Sarah is 14 and makes $2,000. Do you have to deduct income tax, CPP and EI? (1 Mark)