Balance Sheet Presentation of Available-for-Sale Investments

During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows:

Assume that as of December 31, Year 1, the Hawking Inc. stock had a market value of $60 per share and the Pavlov Co. stock had a market value of $47 per share. Galileo Company had net income of $332,000 and paid no dividends for the year ending December 31, Year 1. All of the available-for-sale investments are classified as current assets.

a. Prepare the Current Assets section of the balance sheet presentation for the available-for-sale investments.

b. Prepare the Stockholders' Equity section of the balance sheet to reflect the earnings and unrealized gain (loss) for the available-for-sale investments.

Two random samples are taken, one from among first-year students and the other from among fourth-year students at a public university. Both samples are asked if they favor modifying the student Honor Code. A summary of the sample sizes and number of each group answering "yes'' are given below:

First-Years (Pop. 1):n1=93 x2=56

Fourth-Years (Pop. 2):,n2=97 x1=62

Is there evidence, at an α=0.07 level of significance, to conclude that there is a difference in proportions between first-years and fourth-years? Carry out an appropriate hypothesis test, filling in the information requested.

A. The value of the standardized test statistic:

B. The P-value is

Germ Co. issued $600,000, 6%, 5-year bonds to yield 8% on March 1, Year 1. Interest is paid on August 31 and February 28th. The proceeds from the bonds are $551,332. Germ's year end is 12/31

Using effective-interest amortization, record the necessary journal entries on 12/31/yr 1 and 2/28/yr 2 assuming they do NOT use adjusting entries.?

G-2 Inc. expects the following dividend pattern over the next seven​ years:

Year 1- $1.50

Year 2 - $1.56

Year 3 - $1.62

Year 4 - $1.68

Year 5- $1.75

Year 6 - $1.82

Year 7 ​- $1.90

The company will then have a constant dividend of ​$ 1.97 forever. What is the price of this stock today​ (year 0) if an investor wants to earn 16​% rate of​ return?

The stock price is ​$_____   ​(Round to two decimal​ places.)

Camille Sikorski was divorced last year. She currently provides a home for her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children lived in Camille’s home, which she owns, for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $55,000 and contributed $4,200 of it to a qualified retirement account (a for AGI deduction). She also received $6,000 of alimony from her former husband. Finally, Camille paid $2,700 of expenditures that qualified as itemized deductions.

a. What is Camille’s taxable income?

b. What would Camille’s taxable income be if she incurred $9,800 of itemized deductions instead of $2,700?

c. Assume the original facts but now suppose Camille’s daughter, Kaly, is 25 years old and a full-time student. Kaly’s gross income for the year was $5,300. Kaly provided $3,180 of her own support, and Camille provided $5,300 of support. What is Camille’s taxable income?

#6 is it Greater of standard deduction or itemized deduction or is it Lesser of standard deduction or itemized deduction

an 18-year-old male high school student who had a 4-year history of diabetes mellitus was brought ... Question: An 18-year-old male high school student who had a 4-year history of diabetes mellitus was brought... An 18-year-old male high school student who had a 4-year history of diabetes mellitus was brought to the emergency department because of excessive drowsiness, vomiting, and diarrhea. His diabetes had been well controlled with 40 units of NPH insulin daily until several days ago when he developed excessive thirst and polyuria. For the past 3 days, he has also had headaches, myalgia, and a low-grade fever. Diarrhea and vomiting began 1 day ago. URINALYSIS RESULTS and CHEMISTRY TEST RESULTS

Specific gravity 1.012 Sodium 126 mmol/L

pH 5.0 Potassium 6.1 mmol/L

Glucose 4+ Chloride 87 mmol/L

Ketone Large Bicarbonate 6 mmol/L

Plasma glucose 600 mg/dL

BUN 48 mg/dL

Creatinine 2.0 mg/dL

Serum ketones 4+

Questions 1. What is the probable diagnosis of this patient based on the data presented?

2. What laboratory test(s) should be performed to follow this patient and aid in adjusting insulin levels?

3. Why are the urine ketones positive?

4. What methods are used to quantitate urine ketones? Which ketone(s) do they detect?

Consider Bond AAA:

Coupon rate: 9.4% per year

Yield to maturity: 10.6% per year

Settlement date: 16 July 2020

Maturity date: 9 October 2046

Calculate the all-in price, accrued interest and clean price for bond AAA.

Karl Kruger is a 38 year-old single Australian resident taxpayer. During the 2017/18 tax year, Karl received and retained the following records:

Other Information:

• Karl’s rental property was built in 1999 when total construction costs of $200,000 were incurred. Karl has owned and leased the property since 2009.
• Karl made mortgage repayments on his rental property of $20,000, of which $12,100 was principal.
• Karl also sold the following assets during the year:

require : Prepare a statement calculating Karl’s tax payable/refundable.

one year ago you purchased a 30-year 8% annual coupon bond at par. today, you receive the first coupon and sold the bond at a market rate of interest of 6%. what rate of return did you earn?

8%, 19.12%, 6%,22.13%