1. A 64-year-old man with a 40 pack/year history of cigarette smoking has been diagnosed with emphysema. He asks the APRN if this means he has COPD. Question 2 of 2: Explain the pathophysiology of chronic bronchitis and how it relates to COPD.

1. Assume you will invest $850 this year, $1,200 one year from now, $1,250 two years from now, $1,550 three years from now, $1,540 four years from now, and $1,250 five years from now. Assuming the interest rate of 11.9% and that it will compound annually, what will be the future value of these investments five years from now?

2. Assume ABC Corp. will earn $450 this year, $600 one year from now, $600 two years from now, $800 three years from now, $950 four years from now, and $1,200 five years from now. Assuming the interest rate of 12.8% and that it will compound annually, what will be the total present value of ABC Corp.’s earnings?

~These questions are completely unrelated to each other

Below is information extracted from General Electric’s 10k

current year prior year

Raw materials and work in process 5603 5515

finished goods 2863    2546

Unbilled shipments 246 280

----------------------------------

8712 8341

Less LIFO reserves    (2,226) (2,076)

---------------------------------

LIFO value of inventories 6486 6265   

requirements:

Compute the increase or decrease in the pretax operating profit (loss) that would have been reported for the current year had GE employed FIFO accounting for both years. Indicate whether it was an increase or decrease. (Indicate "increase" or "decrease")

Assuming a marginal tax rate of 35%, compute GE's cumulative tax savings since adopting LIFO

Assuming the same marginal tax rate, compute GE's tax savings this period from using LIFO

Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $410,000 on May 20, 2017. Lori expects the taxable income derived from her business (without regard to the amount expensed under § 179) to be about $800,000. Lori wants to elect immediate § 179 expensing, but she doesn't know which asset she should expense under § 179. She does not claim any available additional first-year depreciation. Click here to access Exhibit 8.1 and the depreciation table to use for this problem. If an amount is zero, enter "0". a. Determine Lori's total cost recovery deduction if the § 179 expense is first taken with respect to the 5-year class asset. 5-year class property Immediate expense deduction under § 179 $ Regular MACRS 7-year class property Immediate expense deduction under § 179 $ Regular MACRS Total deduction $ Feedback b. Determine Lori's total cost recovery deduction if the § 179 expense is first taken with respect to the 7-year class asset. 7-year class property Immediate expense deduction under § 179 $ Regular MACRS 5-year class property Immediate expense deduction under § 179 $ Regular MACRS Total deduction $ Feedback Correct c. If § 179 expense is first allocated to the seven-year class property, the deduction for the year would be $ larger. Feedback Correct For parts d. and e. Assume a 6% discount rate The present value factors for a 6% discount rate are as follows: Year 1: 1.000, Year 2: 0.9434; Year 3: 0.8900, Year 4: 0.8396, year 5: 0.7921, Year 6: 0.7473, Year 7: 0.7050, Year 8: 0.6651. Hint: Set up two analysis - on to find present value of tax saving with Section 179, and one without Section 179. Then compare them. If required, round computations to the nearest dollar.

d. Assume that Lori is in the 25% marginal tax bracket and that she uses § 179 on the 7-year asset. The present value of the tax savings from the depreciation deductions for both assets $. Feedback Incorrect

e. Assume that Lori is in the 25% marginal tax bracket and that Lori decides not to use § 179 on either asset. The present value of the tax savings generated by using the § 179 deduction on the 7-year asset $.

pls help to solve part E

Commercial banks are very profitable, year after year. How do banks maintain such strong profitability? Answer in 4 paragraphs.

Required information Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow. FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash $51,400 $74,500 Accounts receivable 67,310 51,625 Inventory 277,156 252,800 Prepaid expenses 1,300 2,025 Total current assets 397,166 380,950 Equipment 156,500 109,000 Accum. depreciation—Equipment (37,125) (46,500) Total assets $516,541 $443,450 Liabilities and Equity Accounts payable $54,141 $116,175 Short-term notes payable 10,300 6,200 Total current liabilities 64,441 122,375 Long-term notes payable 64,500 49,750 Total liabilities 128,941 172,125 Equity Common stock, $5 par value 164,750 151,250 Paid-in capital in excess of par, common stock 38,500 0 Retained earnings 184,350 120,075 Total liabilities and equity $516,541 $443,450 FORTEN COMPANY Income Statement For Year Ended December 31, 2017 Sales $587,500 Cost of goods sold 286,000 Gross profit 301,500 Operating expenses Depreciation expense $21,750 Other expenses 133,400 155,150 Other gains (losses) Loss on sale of equipment (6,125) Income before taxes 140,225 Income taxes expense 25,650 Net income $114,575 Additional Information on Year 2017 Transactions The loss on the cash sale of equipment was $6,125 (details in b). Sold equipment costing $49,875, with accumulated depreciation of $31,125, for $12,625 cash. Purchased equipment costing $97,375 by paying $32,000 cash and signing a long-term note payable for the balance. Borrowed $4,100 cash by signing a short-term note payable. Paid $50,625 cash to reduce the long-term notes payable. Issued 2,600 shares of common stock for $20 cash per share. Declared and paid cash dividends of $50,300. Required: 1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Problem 12-3A Indirect: Statement of cash flows LO A1, P1, P2, P3

Additional Information on Year 2017 Transactions

1. The loss on the cash sale of equipment was $13,125 (details in b).
2. Sold equipment costing $70,875, with accumulated depreciation of $38,125, for $19,625 cash.
3. Purchased equipment costing $104,375 by paying $46,000 cash and signing a long-term note payable for the balance.
4. Borrowed $4,800 cash by signing a short-term note payable.
5. Paid $54,125 cash to reduce the long-term notes payable.
6. Issued 3,300 shares of common stock for $20 cash per share.
7. Declared and paid cash dividends of $51,700.

Required:
1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash $ 172,000 $ 115,800 Accounts receivable 95,000 79,000 Inventory 613,000 534,000 Total current assets 880,000 728,800 Equipment 356,500 307,000 Accum. depreciation—Equipment (162,000 ) (108,000 ) Total assets $ 1,074,500 $ 927,800 Liabilities and Equity Accounts payable $ 103,000 $ 79,000 Income taxes payable 36,000 29,100 Total current liabilities 139,000 108,100 Equity Common stock, $2 par value 601,600 576,000 Paid-in capital in excess of par value, common stock 210,400 172,000 Retained earnings 123,500 71,700 Total liabilities and equity $ 1,074,500 $ 927,800 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $ 1,832,000 Cost of goods sold 1,094,000 Gross profit 738,000 Operating expenses Depreciation expense $ 54,000 Other expenses 502,000 556,000 Income before taxes 182,000 Income taxes expense 33,200 Net income $ 148,800 Additional Information on Current Year Transactions Purchased equipment for $49,500 cash. Issued 12,800 shares of common stock for $5 cash per share. Declared and paid $97,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)

Additional Information on Current Year Transactions

1. Purchased equipment for $49,500 cash.
2. Issued 12,800 shares of common stock for $5 cash per share.
3. Declared and paid $97,000 in cash dividends.

Required:
Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)

Consider the following stock price and shares outstanding information. DECEMBER 31, Year 1 DECEMBER 31, Year 2 Price Shares Outstanding Price Shares Outstanding Stock K $22 100,000,000 $30 100,000,000 Stock M 84 2,400,000 46 4,800,000a Stock R 39 24,000,000 42 24,000,000 aStock split two-for-one during the year. Compute the beginning and ending values for a price-weighted index and a market-value-weighted index. Assume a base value of 100 and Year 1 as the base period. Do not round intermediate calculations. Round your answers to two decimal places.

PWIYear 1: PWIYear 2: VWIYear 1: VWIYear 2:

Compute the percentage change in the value of each index during the year. Do not round intermediate calculations. Round your answers to two decimal places. Percentage change in PWI: % Percentage change in VWI: %

Compute the percentage change for an unweighted index assuming $1,000 is invested in each stock. Do not round intermediate calculations. Round your answer to two decimal places. %

A rich aunt has promised you $2,810.00, one year from today. In addition, each year after that , she has promised a payment (on the anniversary of the last payment) that is 4.00% larger than the last payment. She will continue to show this generosity for 25 years, giving a total of 25 payments. If the interest rate is 10.00%, what is her promise worth today?