Questions
Tia is a 52-year-old, unmarried taxpayer who is an active participant in an employer-sponsored qualified retirement...

Tia is a 52-year-old, unmarried taxpayer who is an active participant in an employer-sponsored qualified retirement plan. Before IRA contributions, her AGI is $67,000 in 2018.

  1. What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a traditional IRA?
  2. What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a Roth IRA?

In: Accounting

PLEASE I NEED A FRESH NEW AND LONG RESPONSE WITH REFERENCE Find a company that you...

PLEASE I NEED A FRESH NEW AND LONG RESPONSE WITH REFERENCE

Find a company that you think has ethics, social responsibility, or environmentally sustainable polices that directly contribute to its competitive advantage. Be specific about how such policies contribute to the firm's competitive advantage. Include at least one reference. Be sure to perform an independent analysis; do not post an analysis done by someone else (i.e., a published article).

In: Operations Management

A bank has kept records of the checking balances of its customers and determined that the...

A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. a. What is the probability that the sample mean will be more than $306.60? b. What is the probability that the sample mean will be less than $308? c. What is the probability that the sample mean will be between $302 and $308? d. What is the probability that the sample mean will be at least $296?

In: Statistics and Probability

E13.17 Contributions Received on Behalf of Others The United Way receives contributions and distributes them to...

E13.17 Contributions Received on Behalf of Others

The United Way receives contributions and distributes them to other NFP organizations. Some of its transactions for the current year are as follows:

1. Donors contribute $5 million, designated to specific unaffiliated NFP organizations. $3 million of this money is distributed according to donor wishes during the current year.

2. Donors contribute $2 million, to be distributed to unaffiliated NFP organizations selected by United Way. United Way distributes $1.8 million of these donations in the current year.

3. Donors contribute $1 million, to be distributed to a specific affiliated organization. United Way distributes $900,000 of these donations in the current year.

Required

Prepare journal entries to record the above activities. If the item affects net assets, identify the category affected.

In: Accounting

Individual A just turned 30 years old, have just received your MBA, and have accepted your...

Individual A just turned 30 years old, have just received your MBA, and have accepted your first job. He must decide how much money to put into its retirement plan. The plan works as follows: Every dollar in the plan earns 7% per year. You cannot make withdrawals until he retires on his sixty-fifth birthday. After that point, individual A can make withdrawals as he sees fit.

Individual A decides that he will plan to live to 100 and work until hi turns 65. He estimates that to live comfortably in retirement, he'll need $100,000 per year starting at the end of the first year of retirement and ending on his one-hundredth birthday.

Individual A will contribute the same amount to the plan at the end of every year that you work.

(a) How much does Individual A need to contribute each year to fund his retirement? The situation above is not very realistic because most retirement plans do not allow you to specify a fixed amount to contribute every year. Instead, you are required to specify a fixed percentage of your salary that you want to contribute. Assume that your starting salary is $75,000 per year and it will grow 2% per year until you retire.

(b) Assuming everything else stays the same as in the previous question, what percentage of his income does he need to contribute to the plan every year to fund the same retirement income?

In: Finance

41. Ford Company Retained Earnings increased $20,000 during the year and the Company paid dividends of...

41. Ford Company Retained Earnings increased $20,000 during the year and the Company paid dividends of $4,000. What was the net income (loss) for the year?

$24,000.

$34,000.

$(24,000).

$4,000.

Some other amount.

43. Missouri Magazine Publishing Company sells magazine subscriptions on an annual basis covering 12 issues. Subscriptions totaling $24,000 were sold in November, and the first magazines are delivered in December. The total amount collected was recorded in Unearned Magazine Revenues. The adjusting entry required at December 31 would include:

a debit to Unearned Magazine Revenues for $22,000.

a credit to Unearned Magazine Revenues for $22,000.

a debit to Magazine Revenues for $2,000.

a credit to Magazine Revenues for $2,000.

a credit to Unearned Magazine Revenues for $2,000.

49. Pal Company made an advance payment of $3,500 for seven months' rent on November 1, 2004 and debited an asset account. The December 31 adjusting entry for rent expense should be:

a debit to Rent Expense for $2,500.

a debit to Rent Expense for $1,000.

a credit to Prepaid Rent for $3,500.

a credit to Unearned Rent for $1,000.

a debit to Unearned Rent for $1,000.

52. Office equipment was purchased on December 1, 2004, for $3,000 and has an estimated useful life of five years and no residual value. The adjusting entry required at the end of December, 2004 includes a:

Debit to Accumulated Depreciation: Office Equipment for $50.

Credit to Accumulated Depreciation: Office Equipment for $600.

Credit to Office Equipment for $600.

Debit to Depreciation Expense for $50.

none of the above.

In: Accounting

Europeans Consume 45% of all gasoline produced worldwide - With the law of demand, you would...

Europeans Consume 45% of all gasoline produced worldwide
- With the law of demand, you would expect that when gas prices continue to rise, the demand would fall, but this isn’t necessarily the case, especially in the short term. (10% increase in gas is associated with a 1-2% decrease in quantity of gas purchased.
- In 2004-2005, avg gas price went from up 55% ($1.87 -> 2.90), but consumption only went down 3.5% (9.15 mill barrels to 8.83 mill barrels)
- From 1998 to 2004, average gas went up 53%, but consumption also went up 10% when you would normally think it would go down by 26-53%.

a) The above are estimates of 1 year and 6 year response of gas quantities purchased to changes in gas prices. Utilizing the above data, what are the estimates (expressed in rages) for the 1 year (short term) and 6 year (long term) price elasticities of demand for European Gasoline.
b) Using your answer from a), what will happen in the short run to European consumer’s total expenditures on gas as the price of gasoline rises. Will it stay the same, increase or decrease?
c) The figures from 2004-05 may overstate the drop in consumption because the head of energy in Europe measures gas before it reaches the retailer, and retailers may have used more of their inventories when there was a disruption in the supply chain. This implies a different short run price elasticity of demand for European gas than earlier studies estimate. What is this short run price elasticity?

In: Economics

2014 I 31 2017 I 69 II 24 II 54 III 23 III 46 IV 16...

2014 I 31 2017 I 69 II 24 II 54 III 23 III 46 IV 16 IV 32 2015 I 42 2018 I 82 II 35 II 66 III 30 III 51 IV 23 IV 38 2016 I 53 2019 I 91 II 45 II 72 III 39 III 59 IV 27 IV 41 Create a multiple regression equation incorporating both a trend (t=0 in 2013: IV) and dummy variables for the quarters. Let the first quarter represent the reference (or base) group. Complete (e) thru (h) using your results. This is a computer deliverable. (e) Test to see if there is an upward trend in new customers. Use alpha = 0.01. (f) Test to see if the model has explanatory power. Use alpha = 0.05. (g) Forecast the number of new customers in the first and second quarters of 2020. (h) Test for the existence of first order autocorrelation, use alpha = 0.05. The calculated dw = 1.19.

In: Statistics and Probability

Choose true or false for the following questions below Early dating is related to drug use...

Choose true or false
for the following questions below

Early dating is related to drug use delinquency and poor academic achievement?

Clique is more important to girls than boys?

Boys same sex friendship tend to be more shorter duration than girls?

Both biological and social forces contribute to the experience of adolescence?

intimacy is a defining feature of adolescent friendship?

Psychological distancing between parents and children is normal during adolescence and most parent children- child conflict is mild?

because it takes them so long to find partners, the first dating relationship of gay and lesbian tend to be long lasting into to involve high levels of emotional commitment

both hereditary and physical health contribute to pubertal growth

Girls adjust especially well to their are aware of pubertal changes?

Throughout the adolescent years both cliques and crowds increase in importantance

In the sequence of pubertal events the growth spurt occurs at approximate the same age for both boys and girls

research indicate that adolescene is a period of storm and stress for most teenagers

most researchers agree about high sex hormone levels are primarily responsible for adolescent moodiness

late maturing boys and early maturing girls tend to be popular , self-confident, and sociable

In: Nursing

A particular city’s accounting system is organized and operated on a fund basis. Among the types...

A particular city’s accounting system is organized and operated on a fund basis. Among the types of funds used are a general fund, a special revenue fund, and an enterprise fund.

Required for Initial Discussion Post:

Explain the basic differences in revenue recognition between the accrual basis of accounting and the modified accrual basis of accounting in relation to governmental accounting. What basis of accounting should be used for each of the following funds: (1) general fund, (2) special revenue fund, and (3) enterprise fund?

In: Accounting