2). XYZZ Company leased equipment from RRR Company on July 1, year x1, for an eight-year period expiring June 30, year x9. Equal annual payments under the lease are $200,000 and are due on July 1 of each year. The first payment was made on July 1, x1. The rate of interest contemplated by Trump and Reagan is 8%. The cash selling price of the equipment is $1,241,250 and the cost of the equipment on Reagan's accounting records was $1,100,000. Assuming that the lease is appropriately recorded as “sales-type” by Reagan, what is the amount of gross profit on the sale and the interest income that Reagan would record for the year ended December 31, x1? No tables are needed. Select one: a. $0 and $0. b. $141,250 and $49,650. c. $141,250 and $41,650. d. $0 and $41,650.

tanhope, Inc.

Reconciliation of Pretax Accounting Income

to Taxable Income

Year ended December 31, year 2

Pretax accounting income

$678,000

Expenses recorded on books this year not deductible for tax purposes:

Meals and entertainment expenses

12,000

Bad debts expense provision

15,000

27,000

Subtotal

705,000

Income recorded on books this year not subject to tax:

Tax-exempt interest income

15,000

Unrealized gain (loss) on trading securities

8,000

Deductions on tax return not charged against book income this year:

Depreciation expense

63,000

Bad debts written off and charged against allowance account

5,000

91,000

Taxable income

$614,000

Reconciliation

Stanhope, Inc., a C corporation, is a distributor of personal electronics and has reported a net income for each year since inception. Its taxable income has consistently resulted in an effective tax rate of 33%. (Ignore state income taxes.)

You have been assigned to compute the company’s deferred portion of federal income taxes for inclusion in its financial statements for year 2 and to provide the company’s controller with a schedule that supports your computation. Your schedule should identify deductible and taxable temporary differences and components of the deferred tax computations.

The controller has provided you with the accompanying reconciliation (see Reconciliation tab) of Stanhope’s pretax accounting income to taxable income for year 2 and the additional information shown below. Use this information to answer the subsequent questions.

The Allowance for doubtful accounts (bad debts) as of December 31, year 1, was $11,000. During year 2, uncollectible accounts totaling $5,000 were written off and charged against the allowance account. A provision for bad debts of $15,000 was charged to operations at the end of the year to result in an Allowance for doubtful accounts balance at December 31, year 2, of $21,000.

At the end of the year, there were net unrealized gains on trading securities of $8,000. There were no unrealized gains/losses on trading securities at the beginning of the year.

The company uses straight-line depreciation for financial reporting (GAAP) purposes and accelerated methods for income tax purposes. Balances and activity in the accumulated depreciation account for GAAP and income tax purposes are summarized below:

Prepare the deferred tax computations and supporting components by completing the following worksheet.

In column A, double-click a shaded space and select a line item that will result in a temporary difference.

In column B, enter the total temporary difference that would result in a deferred tax asset or liability.

Enter the total deferred tax asset or liability in the appropriate column, C or D, based on the temporary difference you recorded in column B.

The annual sales for​ Salco, Inc. were $4.67 million last year.

The​ firm's end-of-year balance sheet was as​ follows: 

Current assets   $501,000   Liabilities   $1,004,500
Net fixed assets   1,508,000   Owners' equity   1,004,500
Total Assets   $2,009,000   Total   $2,009,000

. ​ Salco's income statement for the year was as​ follows:

Sales    $4,670,000
Less: Cost of goods sold    (3,498,000)
Gross profit    $1,172,000
Less: Operating expenses    (497,000)
Net operating income    $675,000
Less: Interest expense    (98,000)
Earnings before taxes    $577,000
Less: Taxes (35%)    (201,950)
Net income    $375,050

.

a. Calculate​ Salco's total asset​ turnover, operating profit​ margin, and operating return on assets.

b.Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.02 million. The firm will maintain its present debt ratio of 50 percent when financing the new investment and expects sales to remain constant. The operating profit margin will rise to 13.5 percent. What will be the new operating return on assets ratio​ (i.e., net operating income÷total assets) for Salco after the​ plant's renovation?

c. Given that the plant renovation in part

​(b​) occurs and​ Salco's interest expense rises by $53,000 per​ year, what will be the return earned on the common​ stockholders' investment? Compare this rate of return with that earned before the renovation. Based on this​ comparison, did the renovation have a favorable effect on the profitability of the​ firm?

1) The following average SO2 concentrations per year were obtained in ppb (parts per billion):

2) The following data refer to the SO2 concentration time (t), temperature (T), relative humidity (RH) and atmospheric pressure (P) in the last 12 months:

Fit a multiple linear regression model to estimate the SO2 concentration in the coming months.

Outline the steps involved in carrying out a 40-year-old adult female pelvic examination and a 50-year –old adult male genitalia exam.

Include questions on sexual history for both;

Female menstrual history, obstetric al history, contraceptive history, and cervical cancer screening;

Male self-testicular exam, prostate cancer screening, male sexual dysfunction, and scrotal enlargement.  

1. Minta a 42-year-old widow has two daughters who live with her for the entire year. She properly claims both as dependents on her. Minta’s husband died last year and she has not remarried. For 2018 Minta has $75,000 of adjusted gross income. The amount Minta may claim as a standard deduction is:

a. $4,050 b. $12,000 c. $18,000 d. $24,000 e. None of the above.

0Milo Clothing experienced the following events during Year 1, its first year of operation:

Acquired $18,500 cash from the issue of common stock.

Purchased inventory for $5,700 cash.

Sold inventory costing $3,420 for $5,814 cash.

Paid $800 for advertising expense.

Required
a. Record the general journal entries for the preceding transactions. Record the general journal entries for the preceding transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
b. Post each of the entries to T-accounts.(Post each of the entries to T-accounts)

c. Prepare a trial balance to prove the equality of debits and credits.(Prepare a trial balance to prove the equality of debits and credits.)

First part of the question: Eighteen-year-old Linus is thinking about taking a five-year university degree. The degree will cost him $25,000 each year. After he's finished, he expects to make $50,000 per year for 10 years, $75,000 per year for another 10 years, and $100,000 per year for the final 10 years of his working career. All these values are stated in real dollars. Assume that Linus lives to be 100 and that real interest rates will stay at 5% per year throughout his life.

Linus is also considering another option. If he takes a job at the local grocery store, his starting wage will be $40,000 per year, and he will get a 3% raise each year, in real terms, until he retires at the age of 53. Assume that Linus lives to be 100.

i.    Calculate the present value of Linus’s lifetime earnings, using a spreadsheet or using the growing annuity formula. You can find the formula in the lesson notes, at the end of Note 7 in Lesson 4.    (1 mark)

ii. Use that value to determine Linus’s permanent income, i.e., how much can Linus spend each year equally over the rest of his life?                                                          (1 mark)

c.       Do you think Linus is better off choosing option a. or option b.? Consider both financial and non-financial measures.

Entries for Installment Note Transactions

On January 1, Year 1, Bryson Company obtained a $55,000, four-year, 11% installment note from Campbell Bank. The note requires annual payments of $17,728, beginning on December 31, Year 1.

a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4.

Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Notes Payable column either up or down to ensure that the Carrying Amount zeroes out.

b. Journalize the entries for the issuance of the note and the four annual note payments.

Note: For a compound transaction, if an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payable up or down to ensure that debits equal credits.

c. How will the annual note payment be reported in the Year 1 income statement?
of $ would be reported on the income statement.

Mrs. Angel is a 89-year-old woman. She has a retirement pension. Her husband died a year ago. She stays at her daughter's house. Her daughter works in a factory. Her daughter's husband, Ahmet, is an unemployed, alcoholic man with sexual problems. They have a four-year-old child.

Mrs Angel is brought to the emergency unit by her daughter and Ahmet with severe abdominal pain. On physical examination, she was found to have vaginal bleeding, as well as bruises on her legs and arms. In the radiological examination, an old fracture is found on her arm. Mrs Angel does not want to answer the questions asked to her and remains silent. And whenever a question is asked, she looks at her daughter's face. The doctor and nurse performing the physical examination are suspicious from this situaton:

1.What hints do you think caused the Emergency doctor and nurse to be suspicious? What kind of abuse did they suspect? Tell the story clearly by interpreting it.

2. Explain step by step what the doctor and nurse should do to clarify the case. (This question will be answered on at least 1 page)

3. What evidence can they collect as evidence of crime?

4. Examine international legal and ethical regulations for elderly abuse and compare them with legal and ethical regulations in your country. (This question will be answered on at least 1 pages)

5. Prepare a campaign that will raise awareness of elder abuse in the community. Write the content of this campaign and find a AWARENESS SLOGAN.