Taylor is a 1 year old male at the doctor for his first-year wellness visit and necessary immunizations.

Taylor's mother approaches the pharmacist abour concerning regarding the link between autism and immunizations. How would you respond to the concerns of his mother? Write an ethical response to her question (500 words roughly).

Show work in Red and Explain answers.

Suppose CPI is as follows in each year:

Suppose in the year 2007 you are considering a job offer that pays $50,000 in 2007, plus a 10% (compounding) raise in each of the next three years.

Suppose in the year 2007 you are considering a job offer that pays $50,000 in 2007, plus a 10% (compounding) raise in each of the next three years.

1. What nominalsalary will you make in each year?

2. What will your real salary be in each year, using a 2007 base year?

3. What will your real salary be in each year, using a 2009 base year?

4. In what year was your real salary highest?                                 _________
5. Does your answer to 4 depend on the base year selected?        _________
6. Suppose instead your contract gave you $50,000 in 2007, plus a cost of living adjustment equal to the percentage change in CPI. Compute the nominal wage in each year.

7. In what years is this contract better than the original one?       _________

XYZhas the following financial information:

Inventory is recorded at FIFO

Required:

1. Calculate the value of the Ending Inventory under Absorption Costing and Variable costing for the prior year and current year
2. Prepare an income statement under Absorption Costing for the current year
3. Reconcile the difference in Operating Income between Variable costing and Absorption Costing for the current year

(a) Assume that one-year T-bills are currently yielding at 2.8%. It is forecasted that the one-year T-bills in the next few years are 3.1, 2.5%, 3.7%, 4.4% and 5.1% respectively. If the 5-year T-note is yielding at 4.1%, what is its liquidity premium (assuming arithmetic average)?

(b) Before the financial crisis, many corporations have been using CP market as an important funding source to support their daily operations. Explain briefly how this has affected the yield curve based on Market Segmentation Theory.

(c) The 1-year, 2-year, 3-year, 4-year, 5-year, 6-year spot rates are 3.5%, 4

(a) Assume that one-year T-bills are currently yielding at 2.8%. It is forecasted that the one-year T-bills in the next few years are 3.1, 2.5%, 3.7%, 4.4% and 5.1% respectively. If the 5-year T-note is yielding at 4.1%, what is its liquidity premium (assuming arithmetic average)?  

(b) Before the financial crisis, many corporations have been using CP market as an important funding source to support their daily operations. Explain briefly how this has affected the yield curve based on Market Segmentation Theory.  

(c) The 1-year, 2-year, 3-year, 4-year, 5-year, 6-year spot rates are 3.5%, 4.5%, 5.2%, 6.7%, 7.2% and 7.8% respectively. According to Expectations Theory with geometric average, what is the 3-year implied rate at Year 1?  

.5%, 5.2%, 6.7%, 7.2% and 7.8% respectively. According to Expectations Theory with geometric average, what is the 3-year implied rate at Year 1?

The distribution of room and board expenses per year at a four-year college is normally distributed with a mean of $5850 and standard deviation of $1125. Random samples of size 20 are drawn from this population and the mean of each sample is determined. Which of the following mean expenses would be considered unusual?

You are looking at a one-year loan of $11,500. The interest rate on a one-year loan is quoted as 12.4 percent plus two points. What is the EAR of this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Allgood Textiles, Inc. started the year with $200,000 in accumulated earnings and profit. During the year, it earned $75,000 from its business operations, received a $2,000 federal income tax refund, received a $10,000 contribution to capital from its shareholders, paid $13,750 in federal income taxes, and could not deduct $1,000 of its meal expenses. What is the amount of its accumulated earnings and profits at the end of the year?

Mary’s AGI for the year is $30,000. She paid the following amounts during the current year:

Amount         Purpose

$2,500             Interest on $100,000 mortgage to acquire personal residence

     550           Points paid to obtain the mortgage

     850             Interest on auto loan (auto is used 100% for personal purposes)

Mary’s current year interest itemized deduction after any applicable floor is:

a.   $3,900.

b.   $3,350.

c.   $3,050.

d.   $2,500.

e.   none of the above.

2.   Jon’s AGI for the year is $40,000. He paid the following amounts during the current year:

Amount            Purpose

   $150                Interest on business-related loan

     325                Finance charges paid on credit cards

     550                Interest on loan used to purchase municipal bonds

Jon’s current year interest itemized deduction after any applicable floor is:

a.   $0.

b.   $150.

c.   $550.

d.   $1,025.

e.   none of the above.

3.   Devon’s AGI for the year is $50,000. Devon paid the following amounts during the current year:

Amount              Purpose

$3,750                 Interest on $150,000 mortgage to acquire rental property

1,000                Interest on $35,000 home equity loan

1,750                 Interest on Devon’s sister's home mortgage. His sister was laid off from her job and was unable to make her home mortgage payments. Devon is not an official co-signer on the loan.

Devon’s current year interest itemized deduction after any applicable floor is:

a.   $6,500.

b.   $2,750.

c.   $1,000.

d.   $0.

e.   none of the above.

4.   In 2019, Shasta paid monthly escrow payments totaling $3,600 (i.e., $300 per month) to her mortgage company to cover her real estate taxes for the year. The mortgage company used the funds in Shasta’s escrow account to pay her real estate tax bill of $3,400 on October 1, 2019. Shasta’s AGI is $40,000. Her itemized deduction for taxes after any applicable floor is:

      a.   $3,600.

      b.   $3.400.

      c.   $2,700.

      d.   $0.

      e.   none of the above.

This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,500. Last year, his total tax liability was $16,000.

He estimates that his tax withholding from his employer will be $8,750.

a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty?

b. Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal short-term rate is 5 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)