Questions
Assume Maple Corp. has just completed the third year of its existence (year 3).

 Assume Maple Corp. has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for each year and the additional $263A costs it was required to include in its ending inventory. Maple immediately expensed these costs for book purposes. In year 2, Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory.

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 Required:

 a. What book-tax difference associated with its inventory did Maple report in year 1? Was the difference favorable or unfavorable? Was it permanent or temporary?

 b. What book-tax difference associated with its inventory did Maple report in year 2? Was the difference favorable or unfavorable? Was it permanent or temporary?

 c. What book-tax difference associated with its inventory did Maple report in year 3? Was the difference favorable or unfavorable? Was it permanent or temporary?


In: Accounting

Year No. Year Students Enrolled in QM Exponentially Smoothed Forecast (α = .30) 1 2014 –...

Year

No.





Year




Students Enrolled in QM


Exponentially
Smoothed Forecast
(
α = .30)

1

2014 – 2015

439

2

2015 – 2016

444

3

2016 – 2017

462

4

2017 – 2018

467

5

2018 – 2019

What is the Exponentially Smoothed Forecast for year 5?

Year

No.





Year




Students Enrolled in QM


Exponentially
Smoothed Forecast
(
α = .40)

Trend

Adjusted
Exponentially
Smoothed Forecast
(
α = .40, β = .20)

1

2014 – 2015

439

-

2

2015 – 2016

444

439

3

2016 – 2017

462

441

4

2017 – 2018

467

449.4

5

2018 – 2019

456.44

What is the trend for year 2?

What is the trend for year 3?

What is the adjusted exponentially smoothed forecast for year 3?

What is the trend for year 4?

What is the adjusted exponentially smoothed forecast for year 4?

What is the forecast for year 5 using linear regression.

In: Statistics and Probability

Suppose the correlation between first year GPA and second year GPA is 0.7. Assuming a close...

Suppose the correlation between first year GPA and second year GPA is 0.7. Assuming a close to linear relationship between GPAs in first year and in second year, what is the approximate average z-score in second year of students who had a z-score of 1.5 in their first-year GPA?

What is the average first-year z-score of students who have a z-score of 1.5 in their second-year GPA?

It seems that, on average, students who do well in first year do better than average in second year but not quite as well as they did in first year. And students who do better than average in second year did, on average, better than average in first year but not quite as well as they did in second year. Whichever way you go, from first year to second year, or from second year to first year, it looks like the grades are getting closer to the average.

Is this a contradiction? Is there an explanation for it? If you need a diagram to help explain it, go ahead a draw one

In: Statistics and Probability

suppose that Ramos contributes $5000/year into a traditional IRA earning interest at the rate of 2%/year...

suppose that Ramos contributes $5000/year into a traditional IRA earning interest at the rate of 2%/year compounded annually, every year after age 37 until his retirement at age 67. At the same time, his wife Vanessa deposits $3500/year (the amount after paying taxes at the rate of 30%) into a Roth IRA earning interest at the same rate as that of Ramos. Suppose that Ramos withdraws his investment upon retirement at age 67 and that his investment is then taxed at 30%. (Round your answers to the nearest cent.)

(a) How much will Ramos's investment be worth (after taxes) at that time? $

(b) How much will Vanessa's investment be worth at that time? $

In: Statistics and Probability

ABC Inc had current assets of $67,200 and current liabilities of $71,100 last year. This year,...

ABC Inc had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are $83,100 and the current liabilities are $85,100. The depreciation expense for the past year is $9,600 and the interest paid is $8,700. What is the amount of the change in net working capital?

$1,900

$2,800

$1,400

$2,100

−$1,400

In: Finance

Find the corporate yield spread if the 8-year Treasury rate is 3% and the 8-year corporate...

Find the corporate yield spread if the 8-year Treasury rate is 3% and the 8-year corporate bond rate is 8%.

In: Finance

Nurses Pay is $80K/year and Physician Pay is $300K/year. The clinic is running with 2 physicians...

Nurses Pay is $80K/year and Physician Pay is $300K/year. The clinic is running with 2 physicians at a physician to nurse factor input ratio of 0.2. However, there is an increase in physician pay to $330K/year. The firm will now run with 1 physician with the physician to nurse factor input ratio of 0.072. In addition, please also calculate savings with the new factor input ratio. Then calculate the elasticity of substitution. What can you say about the type of service provided by this clinic? Please explain.a

In: Economics

In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss...

In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much tax will SCC pay in year 2 if it reports taxable income from operations of $20,000 before considering loss carryovers under the following assumptions? (New Corporate income tax rate has been mentioned as "21% on all taxable income" as per the recent change. Leave no answer blank. Enter zero if applicable.)

b. Year 1 is 2018. What is SCC Tax Liability in Year 2?

In: Accounting

A student at a four-year college claims that average enrollment at four-year colleges is higher than...

A student at a four-year college claims that average enrollment at four-year colleges is higher than at two-year colleges in the United States. Two surveys are conducted. Of the 35 two-year colleges surveyed, the average enrollment was 5061 with a standard deviation of 4775. Of the 35 four-year colleges surveyed, the average enrollment was 5216 with a standard deviation of 8101. Conduct a hypothesis test at the 5% level.

NOTE: If you are using a Student's t-distribution for the problem, including for paired data, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)

1) State the distribution to use for the test. (Enter your answer in the form z or tdf where df is the degrees of freedom. Round your answer to two decimal places.)

2) What is the test statistic? (T or Z) & (Round your answer to two decimal places.)

3) What is the p-value? (Round your answer to four decimal places.)

4) Alpha: α =

In: Statistics and Probability

The comparative financial statements for Prince Company are below:      Year 2 Year 1 Income statement:...

The comparative financial statements for Prince Company are below:

     Year 2 Year 1
Income statement:
Sales revenue $ 194,000 $ 168,000
Cost of goods sold 113,000 100,400
Gross profit 81,000 67,600
Operating expenses and interest expense 56,400 53,200
Pretax income 24,600 14,400
Income tax 8,400 4,200
Net income $ 16,200 $ 10,200
Balance sheet:
Cash $ 4,400 $ 7,200
Accounts receivable (net) 14,200 18,200
Inventory 40,400 34,200
Property and equipment (net) 45,600 38,400
Total assets $ 104,600 $ 98,000
Current liabilities (no interest) $ 16,200 $ 17,200
Long-term liabilities (10% interest) 45,200 45,200
Common stock ($5 par value, 6,080 shares outstanding) 30,400 30,400
Retained earnings 12,800 5,200
Total liabilities and stockholders' equity $ 104,600 $ 98,000

Assume that the stock price per share is $30 and that dividends in the amount of $4.50 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places

Earnings per share, Current ratio, Quick ratio, cash ratio, price/earnings ratio, dividend yield ratio %

In: Accounting