Questions
What are the arguments that agree (i.e., support), and disagree (i.e., against) with the 2010 U.S....

What are the arguments that agree (i.e., support), and disagree (i.e., against) with the 2010 U.S. Supreme Court decision that ruled the First Amendment right to free speech was violated by the Federal Election Commission’s restrictions on campaign contributions by corporations and unions?

In: Operations Management

The table below reflects the actual and structural budget deficit as a percentage of GDP. Year...

The table below reflects the actual and structural budget deficit as a percentage of GDP.

Year

Actual Defect

Structural Deficit

As % of GDP

As % of GDP

2010

2.8

2.9

2011

3.9

3.2

2012

4.6

3.4

2013

4.7

3.7

2014

3.9

3.7

2015

3.00

2.8

2016

2.3

2.6

2017

1.4

1.6

2018

0.3

1.0

a. Graph the above data with “years” in the horizontal axis, and “deficit as % of GDP” in vertical axis.

b. From 2010 to 2014 the actual budget deficit is above the structural budget deficit. Explain why.

c. From 2016 to 2018 the actual budget deficit is below the structural budget deficit. Explain why.

d. Which period was the fiscal policy contractionary?

e. Which period was the fiscal policy expansionary?

In: Economics

On December 31, 2009, Hurston Inc. borrowed $900,000 at 12% payable annually to finance the construction...

On December 31, 2009, Hurston Inc. borrowed $900,000 at 12% payable annually to finance the construction of a new building. In 2010, the company made the following expenditures related to this building: March 1st, $360,000; July 1st, $1,600,000; December 1st, $1,200,000. Additional information is provided as follows.

Other debt outstanding

10-year, 12% bond, December 31, 2003, interest payable annually

$2,000,000

6-year, 10% note, dated December 31, 2007, interest payable annually

$4,000,000

What is the weighted average accumulated expenditure?

What is the avoidable interest?

All interest are paid in cash on December 31st. Prepare the journal entry to record cash payment of interest, the capitalization of interest and the recognition of interest expense, if any, at December 31, 2010.

In: Accounting

Do cash incentives improve learning? A high-school teacher in a low-income urban school in Worcester, Massachusetts,...

Do cash incentives improve learning? A high-school teacher in a low-income urban school in Worcester, Massachusetts, used cash incentives to encourage student learning in his AP Statistics class. In 2010, 15 of the 80 students enrolled in his class scored a 5 on the AP Statistics exam. Worldwide, the proportion of students who scored a 5 in 2010 was 0.15. Is this evidence that the proportion of students who would score a 5 on the AP Statistics exam when taught by the teacher in Worcester using cash incentives is higher than the worldwide proportion of 0.15?

Conduct a hypothesis test at the significance level α = 0.05 to determine if evidence is present regarding the use of cash incentives to motivate AP Statistics students to do better on their AP exams.

In: Statistics and Probability

The following data set provides information on acres harvested and planted by year and value in...

The following data set provides information on acres harvested and planted by year and value in the US. Year ASPARAGUS - ACRES HARVESTED ASPARAGUS - ACRES PLANTED 2015 21,700 23,500 2014 23,800 25,800 2013 24,500 26,800 2012 25,300 27,800 2011 26,800 28,400 2010 28,000 29,200 2009 29,200 30,700 2008 32,200 33,700 2007 38,600 40,900 2006 43,200 44,700 2005 49,300 51,700 2004 61,500 66,000 2003 58,000 62,000 2002 66,000 70,500 2001 70,150 75,150 2000 77,400 82,800 1999 75,890 79,590 1998 74,430 From the data set, use the planting data for the United States for recent years. Using a calculator or statistical software, find the equation for the linear regression line for 2010 to 2015. What is the y-intercept?

In: Statistics and Probability

John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement....

  1. John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $500,000. He estimates that the boat he wants will cost $400,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 10% (compounded annually) to buy the boat at retirement?
  2. On January 15, 2010, Dolan Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2014, at an estimated cost of $5,000,000. Dolan plans to make four equal annual deposits in a fund that will earn interest at 8% compounded annually. The first deposit was made on July 1, 2010. Dolan should make four annual deposits of ?

In: Accounting

2. The accompanying data table show the percentage of tax returns filed electronically in a city...

2. The accompanying data table show the percentage of tax returns filed electronically in a city from 2000 to 2009. Complete the parts below.

Year   Percentage
2000   27
2001   29
2002   35
2003   42
2004   45
2005   49
2006   55
2007   59
2008   61
2009   67

​a)

Forecast the percentage of tax returns that will be electronically filed for 2010 using exponential smoothing with a=0.2 (Round to the nearest integer as​ needed.)

​b) Calculate the MAD for the forecast in part a. ​(Round to two decimal places as​ needed.)

​c)

The percentage of tax returns that will be electronically filed for 2010 using exponential smoothing with trend adjustment using a=0.3 and b=0.6 is? ​(Round to the nearest integer as​ needed.)

​d) Calculate the MAD for the forecast in part c (Round to two decimal places as​ needed.)

In: Statistics and Probability

In 2010 Casey made a taxable gift of $6.8 million to both Stephanie and Linda (a total of $13.6 million in taxable gifts).

In 2010 Casey made a taxable gift of $6.8 million to both Stephanie and Linda (a total of $13.6 million in taxable gifts). Calculate the amount of gift tax due this year and Casey’s unused exemption equivalent under the following alternatives. (Refer to Exhibit 25-1 and Exhibit 25-2.) (Enter your answers in dollars, not millions of dollars. Leave no answer blank. Enter zero if applicable.)

c. This year Casey made a gift worth $16.8 million to Stephanie. Casey is married to Helen in a common-law state, and the 2010 gift was the only other taxable gift he or Helen has ever made. Casey and Helen elect to gift split.

 
 
   
Casey's gift tax due  
Casey's unused exemption equivalent  
Helen's gift tax due  
Helen's unused exemption equivalent

     

In: Accounting

In a construction project today, 600 square meters of thermic isolation is required. Main inputs consist...

In a construction project today, 600 square meters of thermic isolation is required. Main inputs consist of styro-foam and labor. In 2010, the cost of styro-foam was $8 per kg, knowing that the isolation used weighs 12 kilograms per 50 square meter. The cost index in 2010 was 190 while today in 2017 it is equal to 180. The estimated labor cost for a first installation is $27000. Past experience has shown that the cost related to the labor required for producing each new pump is lowered by 20%. Use the cost of the sixth installation as your standard cost to estimate the total direct labor cost, if the project needs 10 installations per each square meter. Calculate the total cost of the installed thermic isolation for this project.

In: Economics

On 1 January 2008, a company bought plant at a price of $500 000. The plant...

On 1 January 2008, a company bought plant at a price of $500 000. The

plant was to be depreciated using the straight line method over its

useful life of 5 years (after which it was estimated that it would have no

residual value).

For tax purposes, wear and tear is allowed on the following basis:

50% in the first year

30% in the second year

20% in the third year

On 31 December 2011 the plant was sold for $100 000. The profit before

tax for 2010 was $120 000 and for 2011 $150 000. The tax rate was

30% from 2008 to 2011.

Required

a) Calculate temporary differences and deferred tax asset/ liability for the

years 2008 to 2011, clearly indicating the debits/credits to the deferred

tax account.

b) Calculate the taxable income and current income for 2010 and 2011

In: Accounting