2. Kathy plans to move to Maryland and take a job at McCormick as the assistant director of HR. She and her husband, Stan, plan to buy a house in Garrison, MD, and their budget is $500,000. They have $100,000 for the down payment and McCormick will pay for closing costs. They are considering either a 30-year mortgage at 4.5 percent annual rate or a 15 year mortgage at 4 percent. Calculate the monthly payment for each. Property taxes and insurance will add $1,000 per month to which ever mortgage they choose. What should Kathy and Stan do?
In: Finance
Karen Cole, 56 year old female, Karen Cole, a school principal at White House High School. Admitted directly from the Dr.’s office to the IMCU after initial complaint for tightness in her chest, denies pain, and slight shortness of breath. Vital signs are BP: 168/92, P: 90, R: 24, T: 98.6. Her husband insisted that she come. She is insisting that she will only stay 12 hours, because she has to be back to school in the morning.
Write a SBAR report.
In: Nursing
Linda Larue has arthritis. Her chiropractor advised her that she needed to swim daily to alleviate her pain and other symptoms. Consequently, Linda and her husband, Philo, purchased for $400,000 a new home that had a swimming pool, after selling their old home for $325,000. If the Larues had constructed a pool at their former residence, it would have cost $75,000 to build, and it would have increased the value of their home by $50,000.
Answer the following
Facts:
Issues:
Conclusions:
Authorities( only use the IRS code/ Reg):
Analysis and Summary:
Action to be taken:
In: Accounting
Lynn transfers property (basis of $225,000 and fair market value of $300,000) to Condor Corporation in exchange for § 1244 stock. The transfer qualifies as a nontaxable exchange under § 351. In the current year, Lynn sells the Condor stock for $100,000. Assume Lynn files a joint return with her husband, Ricky. With respect to the sale, Lynn has:
a. A capital loss of $125,000. b. An ordinary loss of $100,000 and a capital loss of $100,000. c. An ordinary loss of $125,000. d. An ordinary loss of $100,000 and a capital loss of $25,000. e. None of these choices are correct.
In: Finance
Steve, age 38, spent the first six months of the current year working as a financial planner for Question Capital Management. He took a new job out-of-state with Investments, a financial planning firm. He feels as though he can become a partner at the new firm within five years. His only regret is that he was required to move from Texas, his home state, to Vermont. Steve had the following items of income and loss in the current year:
Salary (combined for both jobs): $60,000
Long-term capital loss: $500
Short-term capital loss: $4,500
Qualified moving expenses (paid by Steve): $4,000
1. What is Steve’s adjusted gross income for the current year?
| $51,500 |
| $52,000 |
| $53,000 $56,000 |
2. Bonnie, a widow, elected to receive the proceeds of a $100,000 face value insurance policy on the life of her deceased husband in ten annual installments of $11,900 each including interest (beginning last year). In the current year, she received $11,900, which included $1,900 interest. Bonnie dies in December of the current year after collecting the current year’s payment. What is the amount subject to income tax on her final tax return?
|
In: Accounting
Ms. Saikley, AM at International BusinessServices, is wondering whether to vote to have a holiday office party this December. She has just spoken with the sales manager, who told her about an incident that happened at another company last holiday season. It seems that the other organization decided to have an “employees only” office party on Friday night from 5 to 8 p.m. at a local downtown restaurant. Two weeks later, the wife of one of the workers burst into the office area and began shouting accusations at an office worker who she thought was having an affair with her husband. It was embarrassing to everyone in the organization and most agreed it was unnecessary. The tantrum became loud and abusive on both parties parts—the wife making accusations and the office worker denying them. The situation became pretty tense at this point.
Questions:
1. If you were the AM of that organization, how would you have reacted to the situation just described? The office worker would have reported to you, and you were the first manager on the scene.
2. Should a policy be written covering office parties? If so, what would be your input on this policy? Should a policy be written concerning visitors who enter the work-place (even family members) and create a disturbance?
In: Operations Management
Choco Inc. buys chocolate from Switzerland and resells it in the
U.S. It just purchased chocolate invoiced
at SF50,000. Payment for the invoice is due in 30 days. Assume that
the current exchange rate of the
Swiss franc is $1.00. Also assume that three call options for the
franc are available. The first option has a
strike price of $1.00 and a premium of $.03; the second option has
a strike price of $1.03 and a premium
of $.01; the third option has a strike price of $1.06 and a premium
of $.005. Choco Inc. expects a modest
appreciation in the Swiss franc.
a) (5 points) Describe how Choco Inc. could construct a bullspread
using the first two options. What is
the cost of this hedge? When is this hedge most effective? When is
it least effective?
b) (5 points) Describe how Choco Inc. could construct a bullspread
using the first and the third options.
What is the cost of this hedge? When is this hedge most effective?
When is it least effective?
c) (5 points) Given your answers to parts (a) and (b), what is the
tradeoff involved in constructing a
bullspread using call options with a higher exercise price?
In: Finance
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Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. |
| Transactions | Units | Unit Cost | |||||||
| Beginning inventory, January 1 | 1,800 | $ | 50 | ||||||
| Transactions during the year: | |||||||||
| a. | Purchase, January 30 | 2,500 | 62 | ||||||
| b. | Sale, March 14 ($100 each) | (1,450 | ) | ||||||
| c. | Purchase, May 1 | 1,200 | 80 | ||||||
| d. | Sale, August 31 ($100 each) | (1,900 | ) | ||||||
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Assuming that for Specific identification method (item 1d) the March 14 sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. |
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In: Accounting
Write a program that calculates and prints the bill for a cellular telephone company. The company offers two types of services: regular and premium. Its rates vary depending on the type of service. The rates are computed as follows:
Regular service: $10.00 plus the first 50 minutes are free. Charges for over 50 minutes are $0.20 per minute.
Premium Service: $25.00 plus
Your program should output the type of service, number of minutes the telephone service was used, and the amount due from the user.
For the premium service, the customer may be using the service during the day and night. Therefore, to calculate the bill, you must ask the user to input the number of minutes the service was used during the day and the number of minutes the service used during the night.
IN PYTHON PLEASE
In: Computer Science
Write a program that calculates and prints the bill for a cellular telephone company. The company offers two types of services: regular and premium. Its rates vary depending on the type of service. The rates are computed as follows:
Regular service: $10.00 plus the first 50 minutes are free. Charges for over 50 minutes are $0.20 per minute.
Premium Service: $25.00 plus
in C++ (Basic)
Your program should output the type of service, number of minutes the telephone service was used, and the amount due from the user.
For the premium service, the customer may be using the service during the day and night. Therefore, to calculate the bill, you must ask the user to input the number of minutes the service was used during the day and the number of minutes the service used during the night.
In: Computer Science