John is your client and has come to you to prepare his tax return. During the 2018-19 financial year, John disposed of the following assets:

(a) A two-storey residence at Stuart Park which he acquired in May 1991. In 1995 John vacated the premises to work in Japan for three years, during this period the property was rented. Other than the 3 year period, John has lived in the property as his residence. He paid $370,000 to purchase the property and received $840,000 on 27 June 2019, after the real estate agent deducted commissions of $10,000. (b) John acquired BHP shares on 15 July 2018 for $25,000. He sold those shares on 2 May 2019 for $40,000.

REQUIRED:

Calculate John’s Capital Gain, subject to Tax for the year ending 30 June 2019. Provide justification for your calculations using legislation and case law.

46. Grayson is in the 24 percent tax rate bracket and has the sold the following stocks in 2018:

1. What is Grayson’s net short-term capital gain or loss from these transactions?

2. What is Grayson’s net long-term gain or loss from these transactions?

3. What is Grayson’s overall net gain or loss from these transactions?

4. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

The accompanying data were read from graphs that appeared in an article. The variables shown are the number of acres burned in forest fires in the western United States and timber sales.

(a) Compute the correlation coefficient. (Give the answer to three decimal places.)
r = _________

Is there a correlation between timber sales and acres burned in forest fires?

strong positive correlation

weak positive correlation    

strong negative correlation

weak negative correlation

no correlation

(b) The article concludes that "heavier logging led to large forest fires." Do you think this conclusion is justified based on the given data?

Yes

No    

calculate LRP and Nominal interest rate

The brightness of sunlight at the earth's surface changes over time depending on whether the earth's atmosphere is more or less clear. Sunlight dimmed between 1960 and 1990. After 1990, air pollution dropped in industrial countries. Did sunlight brighten? Here are data and scatterplot from Boulder, Colorado, averaging over only clear days each year. (Other locations show similar trends.) The response variable is solar radiation in watts per square meter. Year 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 Sun 244 246.8 248.3 250.4 250.5 250.5 250.5 248.8 251.3 251.7 250.8 Has sunlight brightened overall? No Yes What is the best word to describe the type of relationship? Curved Linear What is the correlation between the year and sun brightness (round your answer to at least two decimal places.)

Calculating the Inflation Rate

Using the simple percent change formula above and the annual CPIs in the table below, it becomes possible to calculate the inflation rate between any two years.

For example, the inflation rate from 1990 to 1991 was 4.2 percent:

CPI (1991) − CPI (1990) X100

            CPI(1990)

=   136.2 – 130.7 X 100

            130.7

= 5.5/130.7 × 100

= 0.420 × 100

= 4.2%

Use the annual CPI data in the Table below to complete the inflation rate calculations for each year in Table A.

Table A: Calculating Inflation Rates

1. If you earned $10 an hour in 1994, how much would you have to earn in 1995 for your wage to have the same purchasing power?

2. If you saved $100 in 2018, how much interest would you have to earn in order for the savings to have the same purchasing power in 2019?

Table: Annual Average CPI (1982–1984 to 2012)

*Average CPI for 1982, 1983, and 1984; base level = 100.

How Much Did Things Cost in the “Good Old Days”?

Have you ever heard your parents or grandparents say, “Back in my day, a loaf of bread only cost a nickel and a gallon of gas only cost a quarter”? How can it be that things were so much cheaper back then? Were they really cheaper? You will try to answer this question by comparing modern prices to historical prices and calculating the percent increase in prices. To do so, you will examine prices of two goods: movie tickets and a McDonald’s Big Mac®.

Calculating Percent Change in Price

Percent change in price is calculated by dividing the amount of change in price by the original price and multiplying the result by 100. If the price has increased, percent change will be positive, and if the price has decreased, the percent change will be negative. The formula for calculating percent change in price:

New price – Old price × 100       OR        Price (Year 2) – Price (Year 1) × 100

Old price                                               Price (Year 1)

Historic Prices

1. Which item had the largest percent increase in price?

2. Prices seem so low in 1967. Were people much better off then? What else would

you need to know to draw a conclusion?

Step 1 Choose a food with a nutrition facts label from your kitchen or grocery store. Take a picture of the label. Step 2 Apply the heart-healthy guidelines from this graphic. Step 3 Submit your initial post with the following information: Identify the food. Explain how this food meets or does not meet the heart-healthy label guidelines. Make sure you discuss the different types of fat and how that impacts risk of atherosclerosis. Include the picture of your label. You will not be able to see your peers' posts until you submit your initial post. Due before midnight Sunday Reply to two peers on a separate day as your original post. As humans, we don't just remove foods from our diet...we replace it with something else. So, in your replies Discuss heart-healthy food that could replace the original food. Make sure you discuss the different types of fat and how that impacts risk of atherosclerosis. Feel free to include a picture of the replacement food. What lifestyle factors other than food can improve heart health?   

Students, you will create a Disease Diary. The Disease Diary will contain 3 entries.One entry for each of the following systems: Cardiovascular System Lymphatic System Respiratory SystemInstructions and requirements for each entry (system): Name of disease & description a graphic (picture/illustration) of some aspect of the disease  causes & risk factors signs & symptoms diagnosis prevention prognosis treatment  How the disease affects the system? What was the most interesting part of the disease? What was something new you learned about the disease? Which aspect of the disease would you like to learn more about? Was there anything about the disease that confused you? If so, explain. You must use at least 10 bold terms from the chapter that pertains to your disease. Make sure those terms are in bold and underlined in each entry. For instance, if you are doing cellulitis, you would probably include the following bold terms from chapter 5 (integumentary system): epidermis, dermis, subcutaneous tissue, true skin, corium, integumentary, skin signs, anti-inflammatory agents. Please cite resources (at least 3) for each entry

Outrageous ?Bubbles' plant capacity is 52,500 kits. If actual volume exceeds 52,500 ?kits, the company must expand the plant. In that? case, salaries will increase by? 10%, depreciation by? 15%, and rent by $5,000. Fixed utilities will be unchanged by any volume increase.

Requirements

1. Prepare flexible budget income statements for the? company, showing output levels of 45,000?,

50,000?, and 55,000 kits.

2. Graph the behavior of the? company's total costs. Use total costs on the? y-axis and volume? (in thousands of bubble? kits) on the? x-axis.

3. Why might Outrageous ?Bubbles' managers want to see the graph you prepared in Requirement 2 as well as the columnar format analysis in Requirement? 1? What is the disadvantage of the graphic? approach?

DATA TABLE:

This activity we will begin in class session and you will be responsible for completing and submitting through Blackboard.  The  titles below will allow you to brainstorm on paper and then submit a narrative of your discoveries.

To begin you will need to think of a good/ great leader that you have admired or worked with in the past. Think about the qualities that individual displayed during your interactions with or observations of that person that made you admire him or her.

Next, think of a good manager you have worked with or have had interactions with in some realm of your professional life- even if you have not worked in a job you think is a professional setting, you had a manager at some point. (Coach, parent, teacher, counselor, etc.).

Using the two titles, list the items about that individual that made them good or great. The object is that only positive remarks can be used in this exercise! (Not always easy J )

In your narrative you will compare the graphic information about the two people you chose for the exercise.  Discuss the qualities that were identical, different or similar.  Submit via Blackboard for the grading process.

Leader Name:

Manager Name: