John is a 32 year old IT worker with a wife and a 3 year old child. During a previous physical, it was noted that John has an ‘obese’ BMI of 33. John attributed his weight problem to a lack of exercise because of his work/family life, and because of his moderate to severe asthma. John mentioned that he regularly The only prescription John was taking at the time of that former visit was prednisolone, an asthma medication he has been taking for the last 3 years. In this hospital visit, John’s wife mentions that he hasn’t taken his medication for the last few weeks because of a stomach flu- she commented that he hasn’t had the time or energy to refill his prescription. Upon arrival at the hospital, the following were noted in the current work up of John: · He was irritable, dizzy, complained of progressive weakness, fatigue, poor appetite, and weight loss. · He has relapsed into nausea, diarrhea, vomiting, and muscle/ joint pains. · Other new complaints include a strong salt craving, body hair loss and sexual dysfunction, and a general pattern of depressed mood and lack of motivation. · He is displaying darkening of the skin (hyperpigmentation) prominent on the sun-exposed areas of the skin, and extensor surfaces (knuckles, elbows, knees). · His numbers: body temp: 37.3C; BP= 80/60mm Hg. · A blood sample was also taken and the following were evaluated: T4: 1.1 ng/dl and T3: 4.2 pg/ml; cortisol: 2 mcg/dL and aldosterone: 4 ng/dL; blood glucose: 60 mg/dl. Questions: Based on this scenario, what is your diagnosis and why? Discuss and create a diagram of what is ‘normal’ in your answer. (2 pts for correct diagnosis, 4 pts for correct and thorough description with a diagram of the underlying pathways.) Is this because of a primary or secondary defect? What test could you use to differentiate and confirm this assessment? (3pts) Explain what is causing hypotension in this patient. (2pts) Explain the underlying reasons for the hyperpigmentation. (2pts) What short-term and long-term treatments would you recommend for this patient? (2pts)

a 30 year loan of 1000 is repaid with payments at the end of each year. Each of the first 10 payments equals the amount of interest due. Each of the next 10 payments equals 150% of the amount of interest due. Each of the last 10 payments is X. The lender charges interest at an effective annual rate of 10%. Calculate X.

please explain, having much trouble with this problem, Thanks!

Someone promises to pay you $1,000,000 every year (at the end of the year) for the next 15 years. The first payment will be one year from today. The relevant effective annual interest rate is 7.0%. What does the time line look like for this problem? What would you pay, today, for this promise?

For this we have to calculate the present value of the total cash inflow at interest rate of 7% for 15 years formula for this = cash inflow x P.V. annuity factor for 15 year @7%

Show that the answer in above example is the same as the difference between the present value of the following two perpetuities:

• Perpetuity 1 pays $1,000,000 at the end every year with the first payment made in 1year.
• Perpetuity 2 pays $1,000,000 at the end every year with the first payment made in 16years.

The relevant annual effective interest rate is 7.0%.

The Haynesworth Corporation is sued for $10 million in Year One. At the end of Year One, company officials believe a loss is only remote. However, the case drags on so that by the end of Year Two, company officials believe it is reasonably possible that a loss of $2 million could be incurred. The case goes to trial during Year Three, and company officials now believe that a loss of $3 million is probable. The case ends on April 23, Year Four, when the Haynesworth Corporation agrees to pay $2.6 million in cash to settle all claims. Indicate the amount of loss that will be reported by the Haynesworth Corporation in each of these four years. 6. On January 1, Year One, the Atlanta Company sues the Seattle Company for $100 million for patent infringement. The case is expected to take years to settle. For each of the following independent situations, indicate the financial reporting to be made by each company. a. Both companies believe that Atlanta will probably win this case. However, both feel that estimating the amount of this loss is virtually impossible. b. Both companies believe that Atlanta will probably win this case. Both feel that Atlanta will probably win approximately $9 million, but a win as high as $46 million is reasonably possible. c. Both companies believe that a loss by Seattle of $53 million is reasonably possible. d. Atlanta officials believe that their company will probably win $44 million whereas Seattle officials believe that their company will probably lose $8 million.

An investment pays $20,000 at the end of year 2, $30,000 at the end of year 4 and $X at the end of year 8. At an annual effective rate of 8.5%, the modified duration of this cash flow is 5.51704. Calculate X (round your answer to integer).

Ans should be one of these: Numerical answers (in random order) 6.955, 0.062, 4.5228, 6538.49, 0.04317, 2660.67, 50000, 400.36, 202.1, 3671.29, 1951.62, 4.4621.

please show all work and do not use excel or a financial calculator. The answer you get must be in the answer key posted at the bottom, thanks! I will thumb up if it's correct.

Someone promises to pay you $1,000,000 every year (at the end of the year) for the next 15 years. The first payment will be one year from today. The relevant effective annual interest rate is 7.0%. What does the time line look like for this problem? What would you pay, today, for this promise?

At the beginning of the year, Miranda began a calendar-year business and placed in service the following assets during the year:

Assuming Miranda elects out of bonus depreciation and does not elect §179 expensing , answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

b. What is Miranda’s year 2 cost recovery for each asset?

The comparative balance sheet for Astro Company for the current year and the preceding year are presented below:

Current Preceding

Year Year

Assets

Cash---------------------------------------- $ 52,100 $ 42,500

Accounts receivable (net)-------------------    91,350    61,150

Inventories--------------------------------- 104,500 109,500

Prepaid expenses--------------------------------      3,600      2,700

Land---------------------------------------    50,000    50,000     

Equipment---------------------------------- 580,000 500,000

Accumulated depreciation------------------- (212,600) (175,400)

Patents--------------------------------------    35,000    40,000

Total Assets            $703,950            $630,450

======= =======

Liabilities and Stockholder’s Equity

Accounts payable-------------------------- $ 61,150 $ 75,000

Dividends payable-------------------------    12,000    10,000

Salaries payable----------------------------      6,650      7,550

Mortgage note payable, due 20x9----------    50,000        0

Bonds payable-----------------------------        0   75,000

Common stock, $20 par------------------- 300,000 250,000

Premium on common stock----------------- 100,000    75,000

Retained earnings--------------------------- 174,150 137,900

Total Liabilities and Stockholder’s Equity  $703,950            $630,450

====== =======

An examination of the income statement and the accounting records revealed the following additional information applicable to the current year:

1. Net income, $96,250.
2. Depreciation expense reported on the income statement $37,200.
3. Patent amortization reported on the income statement $5,000.
4. A mortgage note for $50,000 was issued for cash.
5. Equipment was purchased for $80,000 cash.
6. 2,500 shares of common stock were issued at a premium for $30 per share cash.
7. Bonds payable were retired for cash.
8. Cash dividends declared, $60,000

Continued next page:

REQUIRED: Using the form provided below, prepare a statement of cash flow using the indirect method.

Present your answers in the exact same format as below describing each section and sub-section.

Cash Flows From Operating Activities:

Net Income(Loss)

Items Affecting Net Income But Not Cash:

Add:

Add:

Add:

Deduct:

Current Assets & Current Liabilities:

Add: Increase in

Add: Increase in

Add: Decrease in

Add: Decrease in

Deduct: Increase in

Deduct: Increase in

Deduct: Decrease in

Deduct: Decrease in__________________________               

Net Cash______(Flow or Used)From Operating Activities-----------------

Cash Flows From Investing Activities:

Add: Sale of

Add: Sale of

Deduct: Purchase of

Deduct: _Purchase of_______________________________________________

Net Cash_________(Flow or Used) From Investing Activities-----------------------------

Cash Flows from Financing Activities:

Add: Issuance of

Add: Issuance of

Add: Issuance of

Deduct: Retirement of

Deduct: Payment of

Deduct:_Payment of_______________________________________

Net Cash_________(Flow or Used) From Financing Activities-----------------------------

Net Increase (Decrease) In Cash______________

An investment pays $20,000 at the end of year 2, $30,000 at the end of year 4 and $X at the end of year 8. At an annual effective rate of 8.5%, the modified duration of this cash flow is 5.51704. Calculate X (round your answer to integer).

Show all works, and please show ur work it with math steps and illustrations instead of excel tables!! Thank you! I will thumb up if it's correct!

Year one is the first year of business renting apartments to students at the edge of USC's main campus. At the end of the year maintenance personnel had earned $400 for which they were never paid. Also at the end of year one, tenants had rented out several of the apartments but never paid the $800 rent. In year two maintenance personnel earned another $500 of wages and still did not get paid. New students moved in but never paid their $1,200 in total rent for the year. At the end of year two, no rent was ever collected nor were any wages paid since the business began. Requirement: Record the adjusting entries (if any) for each year to account for the described events. Do the year end closing entries for each of the two years. Post to the ledger for each year. Indicate with year numbers all transactions on the T accounts. Label each T account according to the proper account classification in parenthesis (ie. Asset, liability, revenue, etc.) Label adjusting journal entries (adj) and closing journal entries (cls). Required: Produce the Income statement for each year. Why do we do adjusting entries (think of how the income statement and balance sheet are off if we do not do adjusting entries)? What does this problem teach you about revenue and expense recognition relative to cash disbursement and cash receipt? What happens to your balance sheet accounts versus your income statement accounts each year?