how do we treat retirement and social security problem?
A government report concluded that Social Security will be insolvent in 2035 and Medicare will be depleted by 2026. What do you think of the social security and retirement problem in the upcoming 20 years? What policy needs to be made? Should we take any actions or we should just wait?
In: Economics
Given the following information: n 1 =4 n1=4 , s 2 1 =0.59 s12=0.59 , n 2 =31 n2=31 , s 2 2 =0.93 s22=0.93 , H a : σ 2 1 ≠σ 2 2 Ha: σ12≠σ22 , α=0.1 α=0.1 Step 1 of 2: Determine the critical value(s) of the test statistic. If the test is two-tailed, separate the values with a comma. Round your answer(s) to four decimal places.
In: Statistics and Probability
Consider the quarterly electricity production for years
1-4:
Year 1 2 3 4
Q1 99 120 139 160
Q2 88 108 127 148
Q3 93 111 131 150
Q4 111 130 152 170
(a) Estimate the trend using a centered moving average.
(b) Using a classical additive decomposition, calculate the
seasonal component.
(c) Explain how you handled the end points. - PLEASE
PROVIDE ANSWER C !
Note: Explain all the steps and computations
In: Statistics and Probability
Consider the quarterly electricity production for years
1-4:
Year 1 2 3 4
Q1 99 120 139 160
Q2 88 108 127 148
Q3 93 111 131 150
Q4 111 130 152 170
(a) Estimate the trend using a centered moving average.
PLEASE PROVIDE ANSWER A AND PLOT THE TREND ON A
SCATTER PLOT
(b) Using a classical additive decomposition, calculate the
seasonal component.
(c) Explain how you handled the end points.
Note: Explain all the steps and computations
In: Math
Consider the quarterly electricity production for years 1-4: Year 1 2 3 4 Q1 99 120 139 160 Q2 88 108 127 148 Q3 93 111 131 150 Q4 111 130 152 170 (a) Estimate the trend using a centered moving average. (b) Using a classical additive decomposition, calculate the seasonal component. (c) Explain how you handled the end points. Note: Explain all the steps and computations in your own words and it should be typed on Microsoft word .
In: Math
13. Lance Corp is choosing between two investment projects. Project one, or the introduction of another flavored chip line, has the present value of $500,000. The second project requires production of a new snack and will cost $300,000. The company estimated the following cash flows from project #2: $50,000 in year 1, $70,000 in year 2, and $300,000 in years three, four, five and six. Project 2 will require a cleaning expense of $50,000 in year 7. Interest rate is 7%.
a. Calculate the NPV of project 2
b. Explain in which project Lance Corp should invest
14. You just purchased a 30-year bond with 6% annual coupon, par value of $1000, and 17 years to maturity. The bond makes payments semi-annually and the interest rate in the market is 7.0%.
a. How much did you pay for the bond?
b. Is the bond trading below, at par, or above par?
c. Calculate current yield
d. The bond can be called in 6 years, starting June 1, 2026 at 117% of par. Calculate its yield to call
In: Finance
1. Use the Laplace transform to solve the initial value
problem.
?"+4?′+3?=1−?(?−2)−?(?−4)+?(?−6), ?(0)=0, ?′(0)=0
2. Use the Laplace transform to solve the initial value
problem.
?"+4?=?(?), ?(0)=1, ?′(0)=−1
= { 1, ? < 1
where ?(?) = {0, ? > 1.
In: Advanced Math
Find the particular solution to ?″+16?=−24sec(4?) Do not include the complementary solution ??=?1?1+?2?2.
In: Math
Please answer in the following form: (1) 1040, (2) Schedule 1, (3) Schedule 2, (4) Schedule A, (5) Schedule C page 1, (6) explanation (including calculation) for each line item on each form and schedule. Thank you.
Janice Morgan, age 24, is single and has no dependents. Janice works as an employee from Worldwide Publishing and also as a freelance writer. In January 2019, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her freelance writing business Writers Anonymous (self-employed). Both Writers Anonymous and Janice operate on the cash basis. She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6789.
Self Employed Information:
Income from sale of articles 75,000
Rent 13,500
Utilities 7,900
Supplies 1,800
Insurance (business liability) 5,000
Travel (assume fully deductible) 2,300
Meals (while on business travel) 600
Meals (while meeting with clients) 600
Country Club (Used to entertain clients) 4,000
Client entertainment expenses 1,000
Personal items:
Wages from Worldwide Publishing $110,000
Interest from checking account from First Bank 4,000
Home mortgage interest paid to First Bank 10,000
(Secured by principal residence, acquisition debt)
Home Equity Line of Credit 3,000
(Secured by principal residence, used to pay off credit cards)
Property taxes on personal residence 4,000
Charitable contributions 10,700
Federal income tax withholding 26,000
State income tax withheld 8,500
During the year, Janice invested $10,000 (tax basis and at-risk basis) into XYZ limited partnership (a passive investment). Her share of the limited partnership income for the year was $6,000, and Janice received a $5,000 distribution from XYZ limited partnership.
During the year, Janice also invested $6,000 (tax basis and at-risk basis) into ABC limited partnership (a passive investment). Her share of the limited partnership loss for the year was $7,000, and Janice received a $1,500 distribution from ABC limited partnership.
In 2012 Janice started DEF Corporation (a small private C corporation) by contributing $40,000. She was the only owner. During the year Janice sold her complete investment for $30,000.
Additionally, Janice had:
(1) Janice made a $6,000 contribution to her traditional IRA account. Her employer, Worldwide publishing, offers a 401k that Janice contributes to.
(2) Sale of LMN publically traded stock on 8/15/2019 for $11,000 (originally purchased for $4,000 on 1/15/2015)
(3) Sale of QRS publically traded stock on 10/15/2019 for $2,000 (originally purchased for $6,000 on 12/15/2018)
(4) Sale of a boat on 5/15/2019 for $10,000 used for personal recreation (originally purchased for $20,000 on 6/15/2014)
(5) Janice inherited publically traded stock worth $30,000 from a deceased uncle on September 30, 2019
(6) Immediately after receiving this stock, Janice sold it for $30,000. This stock was originally purchased by his uncle on January 15 , 2016 for $23,000
Prepare the 2019 Federal income tax return for Janice Morgan. It is required that you submit both the (1) tax return and a (2) brief explanation for each line item on the return.
Please submit the following forms:
(1) 1040, (3) Schedule 1, (4) Schedule 2, (5) Schedule A, (6) Schedule C page 1, (7) explanation (including calculation) for each line item on each form and schedule. This explanation must include loss carryforwards and ending basis for limited partnerships. Additionally, a discussion of each of the above items must be made in the explanations (i.e. items 1 through 6). Normally, this tax return would require additional forms including schedule B, D, E, SE and form 4797, and 6198, etc. However, I do not require them. Instead, the required calculations/explanations will be sufficient.
Schedule 1 Hints:
1) The Net income from the Schedule C (Writers Anonymous) will go on Schedule 1, line 3
2) Schedule 1 line 5 will include the net income/loss from the limited partnerships. These
are NOT subject to Self-Employment tax as they are passive investments
3) There should be something in line 14 of schedule 1.
4) Schedule 2, line 4 is for the self-employment tax. SE tax is separate from and in addition
to the tax calculated on form 1040 line 12.
5) The taxpayer has a refund. Form 1040 line 20.
6) The FICA cap for 2019 is 132,900
7) Assume that Janice has adequate health insurance.
8) Do not forget the Qualified Business Income Deduction (new in 2018), line 10 form
1040. Assume Janice qualifies for this deduction. In Chapter 15, we can discuss the rules in more detail. Assume that the QBID is a deduction equal to 20% of Qualified Business Income (QBI). With QBI being equal to net total of Schedule 1 line 3, 5, and 14. That is line 3 + line 5 – line 14.
9) Net capital gains is positive, and goes on form 1040 line 6.
10) The deductions for traditional IRA is on Schedule 1 line 19.
11) Don’t forget to check the box for filing status (single, MFJ, HOH, or MFS).
In: Accounting
Problem 19-1 (Algo) Stock options; forfeiture; exercise [LO19-2]
On October 15, 2020, the board of directors of Ensor Materials
Corporation approved a stock option plan for key executives. On
January 1, 2021, 20 million stock options were granted, exercisable
for 20 million shares of Ensor's $1 par common stock. The options
are exercisable between January 1, 2024, and December 31, 2026, at
80% of the quoted market price on January 1, 2021, which was $15.
The fair value of the 20 million options, estimated by an
appropriate option pricing model, is $3 per option. Ensor chooses
the option to recognize forfeitures only when they occur.
Ten percent (2 million) of the options were forfeited when an
executive resigned in 2022. All other options were exercised on
July 12, 2025, when the stock’s price jumped unexpectedly to $39
per share.
Required:
1. When is Ensor’s stock option measurement
date?
2. Determine the compensation expense for the
stock option plan in 2021. (Ignore taxes.)
3. Prepare the journal entries to reflect the
effect of forfeiture of the stock options on Ensor’s financial
statements for 2022 and 2023.
5. Prepare the journal entry to account for the
exercise of the options in 2025.
In: Accounting