A claim is received from Sharon Turner, a 56-year-old
woman with a 30-year history as a cashier. The paperwork provided
to you, is inclusive of a Notice of Disability and a Claim for
Compensation, and Sharon states she has hurt her back at work but
does not know how. There has also been some disciplinary action
taken against Sharon in the last two weeks and the employer wants
the claim investigated. The form was signed by the worker seven
days ago.
1
What relevant policies, procedures and/or legislation
dictate how this claim should be managed? (40–60 words)
2.What should the agent do when processing this claim? (250–300
words)
In: Economics
The following transactions pertain to Year 1, the first-year operations of Baird Company. All inventory was started and completed during Year 1. Assume that all transactions are cash transactions.
Acquired $4,000 cash by issuing common stock.
Paid $700 for materials used to produce inventory.
Paid $1,830 to production workers.
Paid $862 rental fee for production equipment.
Paid $110 to administrative employees.
Paid $120 rental fee for administrative office equipment.
Produced 320 units of inventory of which 230 units were sold at a price of $13 each.
Required
Prepare an income statement and a balance sheet in accordance with GAAP
In: Accounting
A family took a 20 year mortgage of $195,000 at 5.75% per year compounded monthly. Immediately after the 85th monthly payment, they decided to re-finance this mortgage because they found a lower rate of 3.75% per month compounded monthly. If they continue the same amount of monthly payments as before, how long will it take to pay off this mortgage?
In: Economics
A family took a 20 year mortgage of $195,000 at 5.75% per year compounded monthly. Immediately after the 85th monthly payment, they decided to re-finance this mortgage because they found a lower rate of 3.75% per month compounded monthly. If they continue the same amount of monthly payments as before, how long will it take to pay off this mortgage?
In: Economics
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.

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. |
|
|
|
|
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. |
|
|
|
Trend |
Adjusted |
|
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 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 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, 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 bond rate is 8%.
In: Finance