Debbie Rader, William Allen, and Jeffrey Townsend are owners in “RAT, Inc.” – a “C” Corporation engaged in pest control services. Pertinent information regarding RAT, Inc. is summarized below.

-Social security numbers are as follows; Debbie – 623-98-0123; William – 410-63-4297; Jeffrey – 855-21-1750. Debbie is the President of the company.

-The address of the company is 1421 Ocean View Drive, Anderson, ME 04842.

-The company was formed and began operations on January 1, 2013.

-The business code is 541990.

-The federal identification number is 67-4598288

-The corporation uses the cash method of accounting and the calendar year for reporting.

-The corporation recorded $14,002 depreciation for book purposes but $21,602 for income tax purposes (using MACRS methodology). Assume none of the depreciation creates a tax preference or adjustment for AMT purposes.

-All loan borrowings were used exclusively for acquisition of equipment, consequently, all interest is considered business interest.

-The owners original capital contributions are as follows: Rader - $100,000 for 50% ownership; Allen - $60,000 for 30% ownership; and Townsend $40,000 for a 20% ownership in the stock of the business. No capital contributions occurred in 2017.

-Salary payments were made to the owners as follows: Rader - $90,000, Allen and Townsend - $30,000 EACH.

-Each of the owners were paid a dividend as follows: Rader - $60,000; Allen - $36,000; Townsend - $24,000. There were no distributions of any non-cash property.

-The equipment loan is nonrecourse debt to the shareholders. .

-None of the stockholders sold any portion of their ownership interests during the year.

-The company has no available tax credits and is not subject to AMT. The company’s operations are entirely restricted to the local geographic area in Maine. All shareholders are U.S. citizens. The company had no foreign operations, no foreign bank accounts, and no interest in any foreign trusts or foreign corporations. The company’s stock is not publicly traded.

-The company is not subject to the consolidated audit procedures. The company files its federal tax return in Cincinnati, Ohio.

-Debbie Rader lives at 415 Knight Ct., Anderson, ME 04842, William Allen lives at 692 Radford Dr., Anderson, ME 04842; and Jeffrey Townsend lives at 342 Coastal Rd., Anderson, ME 04842.

-No ownership changes occurred during the year.

-The company’s marketable securities represent small investments (<1%) in a number of publicly traded companies and mutual funds. It sold its holdings of XYZ common stock (carried as Marketable Securities on the balance sheet) on July 20 for $15,000. The corporation purchased this investment several years ago for $25,000.

The current income statement for the corporation reflected book net income of $98,100 AFTER book depreciation has been taken on the equipment and the loss on the sale of XYZ common stock. The following information was taken from the partnership’s financial statements for the current year.

Cash Receipts:

Cash Disbursements:

The current income statement for the company reflects a book net income of been made to record regular depreciation in the amount of $14,002.

The balance sheets for the corporation were as follows for the current year:

REQUIRED:            1. Prepare a 2017 Form 1120 for the corporation including Schedule D and Form 4562. (Do NOT prepare a state return). Prepare supporting schedules as necessary if adequate information is provided.    (Hint: If you use a computerized software program, you may override the Form 4562 with asset and current and accumulated depreciation entries).

Debbie Rader, William Allen, and Jeffrey Townsend are owners in “RAT, Inc.” – a “C” Corporation engaged in pest control services. Pertinent information regarding RAT, Inc. is summarized below.

Social security numbers are as follows; Debbie – 623-98-0123; William – 410-63-4297; Jeffrey – 855-21-1750. Debbie is the President of the company.

The address of the company is 1421 Ocean View Drive, Anderson, ME 04842.

The company was formed and began operations on January 1, 2013.

The business code is 541990.

The federal identification number is 67-4598288

The corporation uses the cash method of accounting and the calendar year for reporting.

The corporation recorded $14,002 depreciation for book purposes but $21,602 for income tax purposes (using MACRS methodology). Assume none of the depreciation creates a tax preference or adjustment for AMT purposes.

All loan borrowings were used exclusively for acquisition of equipment, consequently, all interest is considered business interest.

The owners original capital contributions are as follows: Rader - $100,000 for 50% ownership; Allen - $60,000 for 30% ownership; and Townsend $40,000 for a 20% ownership in the stock of the business. No capital contributions occurred in 2017.

Salary payments were made to the owners as follows: Rader - $90,000, Allen and Townsend - $30,000 EACH.

Each of the owners were paid a dividend as follows: Rader - $60,000; Allen - $36,000; Townsend - $24,000. There were no distributions of any non-cash property.

The equipment loan is nonrecourse debt to the shareholders. .

None of the stockholders sold any portion of their ownership interests during the year.

The company has no available tax credits and is not subject to AMT. The company’s operations are entirely restricted to the local geographic area in Maine. All shareholders are U.S. citizens. The company had no foreign operations, no foreign bank accounts, and no interest in any foreign trusts or foreign corporations. The company’s stock is not publicly traded.

The company is not subject to the consolidated audit procedures. The company files its federal tax return in Cincinnati, Ohio.

Debbie Rader lives at 415 Knight Ct., Anderson, ME 04842, William Allen lives at 692 Radford Dr., Anderson, ME 04842; and Jeffrey Townsend lives at 342 Coastal Rd., Anderson, ME 04842.

No ownership changes occurred during the year.

The company’s marketable securities represent small investments (<1%) in a number of publicly traded companies and mutual funds. It sold its holdings ofXYZ common stock (carried as Marketable Securities on the balance sheet) on July 20 for $15,000. The corporation purchased this investment several years ago for $25,000.

The current income statement for the corporation reflected book net income of $98,100 AFTER book depreciation has been taken on the equipment and the loss on the sale of XYZ common stock. The following information was taken from the partnership’s financial statements for the current year.

Cash Receipts:

Service fees collected $803,000

Taxable dividend income 6,600

Taxable business interest income 2,400

Tax exempt interest 1,600

Proceeds from sale of XYZ common stock $ 15,000

Total Receipts $828,600

Cash Disbursements:

Compensation (salary) to Owners $150,000

Customer Refunds 5.000

Office Rent 29,000

Federal income tax payments ($10K/quarter) 40,000

Utilities 7,498

Employee salaries 350,000

Business & Professional Licenses 3,000

Cash Contribution to Red Cross 1,000

Meals & Entertainment (100%) 2,200

Travel 6,000

Office supplies & expense 10,400

Accounting (Professional) fees 11,000

Advertising 18,000

Payroll taxes 48,600

Business interest (on equipment loan) 1,600

General Liability Insurance Expense 3,200

Principal payments on equipment loan 12,000

Dividend payments to owners 120,000

Equipment rental 5,000

Total Disbursements 823,498

The current income statement for the company reflects a book net income of been made to record regular depreciation in the amount of $14,002.

The balance sheets for the corporation were as follows for the current year:

Account January 1, 2017 December 31, 2017

Cash $ 95,761 $ ?

Tax-exempt securities (at cost) 32,000 32,000

Marketable Securities (at cost) 125,000 ?

Machinery & equipment 85,000 85,000

Accumulated depreciation ( 36,761) ________?

Total assets $ 301,000 $ ?

Nonrecourse equipment loan $ 35,000 $ ?

Common Stock $ 40,000 $ ?

Additional Paid-in Capital $ 160,000 $ ?

Retained Earnings $ 66,000 $ ?

Total liabilities and capital $ 301,000 $ ?

REQUIRED: 1. Prepare a 2017 Form 1120 for the corporation including Schedule D and Form 4562. (Do NOT prepare a state return). Prepare supporting schedules as necessary if adequate information is provided. (Hint: If you use a computerized software program, you may override the Form 4562 with asset and current and accumulated depreciation entries).

For the above data, test the hypothesis that the first reading and the second reading each are greater than 115 mmHg, with an α of 0.05. (Here, combine men and women into one sample: you should have an N of 15) What test would be most appropriate and why? Is the result significant? State your conclusions.

Above are two readings of systolic and diastolic blood pressures taken from 15 individuals. Test the hypothesis that there is a significant difference between the first and second readings for systolic blood pressure (both sexes combined), with an α of 0.05. What test would be most appropriate and why? Is the result significant? State your conclusions.

1. A simple random sample of 20 customers is taken from a customer information file and the average age is 27. The sample standard deviation s is found to be 5.                                              (5 marks)
   1. Test the hypothesis that the population mean age is less than 29 using the critical value approach and a 0.10 level of significance.
2. 2. Test the hypothesis that the population mean age is different from 30 using the 0.05 level of significance.

1. A simple random sample of 20 customers is taken from a customer information file and the average age is 27. The sample standard deviation s is found to be 1.5.                                                 (5 marks)
   1. Test the hypothesis that the population mean age is less than 29 using the critical value approach and a 0.10 level of significance.

2. Test the hypothesis that the population mean age is different from 30 using the 0.05 level of significance.

.

Need in JAVA.

You are to use Binary Trees to do this Program.

Write a complete program, which will process several sets of numbers:

For each set of numbers you should:

1. Create a binary tree.

2. Print the tree using “inorder”, “preorder”, and “postorder”.

3. Call a method Count which counts the number of nodes in the tree.

4. Call a method Children which prints the number of children each node has.

5. Inset and delete several nodes according to the instructions given.

6. Print the tree again using “inorder”, “preorder”, and “postorder”.

7. Call a method Count again which counts the number of nodes in the tree.

8. Call a method again Children which prints the number of children each node has.

Data to be used Use value to determine the end of data (example -999)

1. Set #1: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 -999

Insert 21, Delete 16, Insert 30, Delete 10, Delete 12, Delete 2

2. Set #2: 3 1 5 -999

Insert 3, Insert 14, Insert 33, Insert 2, Insert 6

3. Set #3: 11 25 75 12 37 60 90 8 15 32 45 50 67 97 95 -999

Insert 21, Delete 60, Insert 30, Delete 45, Delete 97, Delete 25

4. Set #4: 150 40 60 39 34 27 10 82 15 -999

Insert 21, Delete 139, Insert 34, Delete 27, Insert 12, Delete 82

5. Set #5: 2 -999

Delete 2

6. Set #6: 34 65 3 7 48 15 16 92 56 43 74 -999

Insert 21, Delete 34, Insert 30, Insert 10, Insert12, Insert 2

The excel data file named “Family-Residences Data” (posted in the content area under Week IX) presents the sale price y (thousands), square footage (x₁), number of rooms (x₂), number of bedrooms (x₃), and age (x₄) for each of 63 single-family residences sold in Oxford, Ohio. Use any software of your choice to conduct a multiple regression analysis for this data set. Use the result of this analysis to answer the questions below.

1. Write a regression model that relates the dependent variable to the independent variables.

2. Interpret the error term in this model. What does it represent?

3. Identify the least squares point estimates of b₀, b₁, b₂, b₃, and b₄ from your software output. Approximate these to four decimal places when necessary.

4. Write a multiple regression equation that relates sale price to square footage, number of rooms, number of bedrooms, and age.

5. Does the model explain a substantial portion of the variability in sale prices? Explain.

6. Do the signs and magnitudes of the estimated coefficients appear to be reasonable? Explain.

7. Write the multiple regression hypotheses to be tested.

8. Use F test to test the adequacy of the model with a = .05. Interpret the result of this test.

9. Use the p-value from your software output to test the importance of each of the independent variables x₁, x₂, x₃, and x₄ at a= .05. Which variables are not important? Explain.

10. Use the residential sales estimated equation to predict sales price of a residence that has 1700 square feet, seven rooms, and three bedrooms and is 15 years old.

1)Bonds issued by the Asian Development Bank (ADB) would most likely be:

quasi-government bonds.

supranational bonds

global bonds.

2)

Will Smith, is estimating a value for an infrequently traded bond with 6 years to maturity, an annual coupon of 7%, and a single-B credit rating. Kate obtains yields-to-maturity for more liquid bonds with the same credit rating:

7% coupon, 8 years to maturity, yielding 7.20%.

7% coupon, 5 years to maturity, yielding 6.40%.

The infrequently traded bond is most likely trading at:

par value.

a discount to par value.

a premium to par value.

3)

1. Antonio Banderas is estimating a value for an infrequently traded bond. Using matrix pricing, he wants to estimate the approximate YTM for 7 year Bond with a par value equal to $1000 that pays coupons annually. The coupon rate equals 5%. There are other bonds that are characterized by a similar credit risk, the YTM for them are:

The approximate YTM for infrequently traded six-year bond is

6.5%

6%

7%

4)

A corporate bond is quoted at a spread of +226 basis points over an interpolated 15-year U.S. Treasury bond yield. This spread is a(n):

G-spread.

I-spread.

Z-spread.