Please explain what section 1.164-1 in the Internal Revenue Code means?

To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer’s adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow.

Use Excel - no hand calculations.

1. Write the regression equation.

2. Interpret the regression constant and regression coefficient.

3. Forecast a value for the dependent variable, test the significance of the regression coefficient at an alpha level of .05

4.Test the overall significance of the regression model, and Interpret the coefficient of determination.

to restore growth in revenue and profitability the firm acquired competitor Jos.A.Bank in late 2014 for $1.8 billion after a heated bidding war.The final bid of $65 in cash for each Jos.A.Bank 's share represented a 56% premium to the closing price in early october 2013.The combined company had annual revenue of $3.5 billion and projected annual savings of $100-$150 million consisting of lower overhead,more efficient marketing and improved customer service.

How does the size of the premium paid for Jos.A. Bank affect the pace and extent of postmerger integration?

Under IAs 18, if four of the five conditions for recognizing revenue from the sale of goods are met, and the entity is certain that 75% of revenue will be recognize as a result, a $100,000 credit sale would be recognized at the time of the sale then

$75,000 of the sale price can be currently recognized and $25,000 will be treated a liability.

explain this answer

What does it mean to "modernize the revenue cycle?" Why is this important for healthcare organizations? How can managers implement these recommendations?

What are some of the inherent risks associated with the revenue, cash and marketable securities accounts? What are some of substantive tests associate with auditing these accounts?

The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014.

a)

What type of pattern exists in the data?

The time series plot shows an upward curvilinear trend.

The time series plot shows a downward curvilinear trend.     

The time series plot shows a downward linear trend.

The time series plot shows an upward linear trend.

(b)

Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.)

T_t = ____

(c)

What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.)

$ ____ billion

(d)

Compute an estimate of this company's revenue (in billions of dollars) for 2015. (Round your answer to two decimal places.)

$ ____ billion

Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow. Advertising Expenditures Revenue 1 20 2 33 4 44 6 40 10 52 14 53 20 54

a. Let X equal advertising expenditures and Y equal revenue. Complete the estimated regression equation below (to 2 decimals). y =( )+( )x b. Compute the following (to 1 decimal). SSE ( ) SST ( ) SSR ( )MSR ( ) MSE ( )

c. Test whether revenue and advertising expenditures are related at a .05 level of significance. Compute the F test statistic ( to 2 decimals).

1)

Aday’s Restaurant has the following income statement:

Calculate administrative expenses as a % of sales

Select one:

a. 3.00%

b.

10.00%

c.
1.23%

d.
4.29%

2)

Smitty’s Place recorded the following information from its lunch period on May 1:

Using the information in the table above:

What is the average check?

Select one:

a. $18

b. $8

c. $6.92

d. $4.43

3)

Smitty’s Place recorded the following information from its lunch period on May 1:

Using the information in the table above:

What is the average dollar sales per table?

Select one:

a. $18

b. $8

c. $4.43

d. $37.23

According to the Internal Revenue Service, 80% of all tax returns lead to a refund. A random sample of 100 tax returns is taken, and it was found that 83% of the tax returns in the sample require a refund. Using the sampling distribution of the proportion, calculate the probability that the sample proportion exceeds 85% in the sample of 100 tax returns?

a. 0.1056

b. 0.2266

c. 0.2972

d. 0.0916 30.

In a small town, there are 3,000 registered voters. An editor of a local newspaper would like to predict the outcome of the next election. In particular, he is interested in the likelihood that Eli Brady will be elected. The editor believes that Eli, a local hero, will be supported by 54% of votes. A poll of 500 registered voters is taken. Assuming that the editor’s belief is true, find the standard error of the proportion of voters in favor of Eli Brady?

a. 0.0223

b. 11.1445

c. 0.0204

d. 0.0091