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.
In: Accounting
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 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 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 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 $4,000. What was the net income (loss) for the year?
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$24,000. |
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$34,000. |
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$(24,000). |
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$4,000. |
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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:
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a debit to Unearned Magazine Revenues for $22,000. |
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a credit to Unearned Magazine Revenues for $22,000. |
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a debit to Magazine Revenues for $2,000. |
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a credit to Magazine Revenues for $2,000. |
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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:
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a debit to Rent Expense for $2,500. |
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a debit to Rent Expense for $1,000. |
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a credit to Prepaid Rent for $3,500. |
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a credit to Unearned Rent for $1,000. |
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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:
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Debit to Accumulated Depreciation: Office Equipment for $50. |
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Credit to Accumulated Depreciation: Office Equipment for $600. |
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Credit to Office Equipment for $600. |
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Debit to Depreciation Expense for $50. |
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none of the above. |
In: Accounting
In: Economics
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
In: Nursing
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