Jim and Sue are planning to retire on January 1, 1995. Their goal is to have enough money in savings to be able to withdraw $3,000 per month beginning one month after retirement and continuing for 25 years after retirement. They earn an annual effective rate of interest of 10% on their account.

Determine the minimum amount needed in their savings account on January 1, 1995, to accomplish their goal.

A.    Less than $325,000

B.    At least $325,000, but less than $335,000

C.    At least $335,000, but less than $345,000

D.    At least $345,000, but less than $355,000

E.    At least $355,000

On 30 August 1995 Juan bought a rental property. The property cost $1,750,000. He consulted his accountant regarding the purchase and this advice cost him $700 in August 1995. In addition, he paid stamp duty of $52,000 in September 1995. Juan used a loan to acquire the property and paid $1,400 stamp duty on the loan in August 1995. The property was sold in September 2017 for $3,000,000. Costs associated with the sale included commission of $47,000 paid to the real estate agent who sold the property and advertising of $2,600. Both expenses were paid in September 2017. In December 1994 Juan’s next-door neighbour, Skinner, disputed the placement of the fence and considered that some of the land on Juan’s side of the fence was in fact his land. It cost Juan $39,000 in various fees and costs to prove that the fence was correctly placed. Skinner did not pay any of Juan’s costs. Juan incurred a fine of $10,000 imposed by the state government for breaching health and safety laws. Juan also incurred the following expenses in relation to the above property:

·                Interest on the loan over the ownership period totalled $95,000,

·                Insurance costs over the period of ownership costing $48,000,

·                Window on the first storey was repaired in 1999 at a cost of $800,

·                Rates and land tax of $24,000 were paid during ownership of the property,

·           Interest of $13,000 was paid since October 1996 when Juan obtained a personal loan to build on a new room at a cost of $93,000.

Required: Calculate Juan’s cost base for Capital Gains Tax purposes.

Use the advertised prices for a used car of a particular model to create a linear model for the relationship between a​ car's Year and its Price. Complete parts a through e.

Year   Price ($)
1994   18,194
1994   17,945
1994   16,887
1994   14,447
1995   19,282
1995   19,017
1995   20,849
1995   18,621
1996   22,665
1996   23,081
1997   24,899
1997   25,492
1997   23,703
1997   24,413
1997   23,934

1) Find the equation of the regression line.

​2) Explain the meaning of the slope of the line. Select the correct choice below and fill in the answer box to complete your choice.

A.The slope indicates that for every one Year increase or one Year newer​ model, the Price decreases by ​$nothing.

B.The slope of nothing indicates the Year when the Price of a used car of this model will be​ $0.

C.The slope of nothing is meaningless and should not be interpreted.

D.The slope indicates that for every one Year increase or one Year newer​ model, the Price increases by ​$nothing.

​3) Explain the meaning of the intercept of the line. Select the correct choice below and fill in the answer box to complete your choice.

A.The intercept of ___indicates the Year when the Price of a used car of this model will be​ $0.

B.The intercept of ____indicates the Price at Year 0.

C.The intercept indicates that cars of this model increase in price by $____per Year.

D.The intercept of ____is meaningless and should not be interpreted.

​4) If you want to sell a used car of this particular model from1997​,what price seems​ appropriate?________

​(Round to the nearest dollar as​ needed.)

In 1995, a random sample of 100 adults that had investments in the stock market found that only 20 said they were investing for the long haul rather than to make quick profits. A simple random sample of 100 adults that had investments in the stock market in 2002 found that 36 were investing for the long haul rather than to make quick profits. Let p1995 and p2002 be the actual proportion of all adults with investments in the stock market in 1995 and in 2002, respectively, that were investing for the long haul.

a. What are the 1995 and 2002 estimated proportions of all adults with long haul investments in the stock market?

b. State the null and alternative hypotheses if the researcher is interested to see if nothing changed when it comes to the proportions of adults investing for the long haul between 1995 and 2002. 6

c. Conduct the hypothesis test from point b. at α=0.05 and formulate the conclusion using the observed vs critical value method.

d. State the null and alternative hypotheses for the case in which the researcher wants to test if the proportion of adults investing for the long haul increase over time. e. Conduct the hypothesis test from point d. at α=0.05 using the p-value method.

f. Construct the 95% confidence interval for the difference in proportions associated with the hypothesis test from b.

g. What is the margin of error for a 97% confidence interval for the difference in proportions associated with the hypothesis test from b? How does.it compare with the margin of error from point f. Explain the differences.

FOR ARDUINO PROGRAMMING;

WRITE CODE TO FIT THE BELOW REQUIREMENTS

1. LED 3 TURNS ON IN DARK CONDITIONS AND OFF IN LIGHT CONDITIONS

2. LED 4 TURNS ON WITH FIRST BUTTON PRESS AND STAYS ON UNTIL A SECOND BUTTON PRESS

A large international bank is experiencing bad publicity surrounding huge fraud losses in its foreign currency department. Accusations are being made in the press that a rogue trader blamed for the losses was operating outside the official bank guidelines, with the tacit approval of senior management in the department because of the large profits made by this trader in previous years. The press claims it was common knowledge in the foreign currency department that strict policies and procedures surrounding the size of trades and the processes for balancing out trades at the end of each day were not to be followed if the trader had verbally informed his supervisor of the trade. The press is also suggesting that the problems are not confined to the foreign currency transaction.

Required:

Discuss the control environment at this large international bank assuming the press reports are correct. Which parts appear to be most deficient?

FLAWLESS Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $635,000 is estimated to result in $211,000 in annual pretax cost savings. The press falls in the MACRS 5-year class, and it will have a salvage value at the end of the project of $98,000. The MACRS rates are 0.2, 0.32, 0.192, 0.1152, 0.1152, and 0.0576 for Years 1 to 6, respectively. The press also requires an incremental $3,600 in inventory for each of the four years of the project. FLAWLESS must also invest $24,000 at the outset for spare parts inventory. Both types of inventory will return to zero when the project ends. The shop's tax rate is 23 percent and its discount rate is 12 percent.  Should FLAWLESS buy and install the machine press? Why or why not?

Caradoc Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $430,000 is estimated to result in $170,000 in annual pre-tax cost savings. The press falls into Class 8 for CCA purposes (CCA rate of 20% per year), and it will have a salvage value at the end of the project of $57,000. The press also requires an initial investment in spare parts inventory of $40,000, along with an additional $5,100 in inventory for each succeeding year of the project. If the shop’s tax rate is 35% and its discount rate is 9%.

Calculate the NPV of this project. (Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

NPV           $

Should the company buy and install the machine press?

• Yes

• No

Chapman Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $620,000 is estimated to result in $211,000 in annual pretax cost savings. The press falls in the MACRS 3-year class, and it will have a salvage value at the end of the project of $98,000. The MACRS rates are 0.33, 0.45, 0.15, and 0.07 for Years 1 to 4, respectively. The press also requires an initial investment in spare parts inventory of $24,000, along with an additional $3,600 in inventory for each succeeding year of the project. The inventory will return to its original level when the project ends. The shop's tax rate is 35 percent and its discount rate is 11 percent. Should the firm buy and install the machine press? Why or why not? Show your work!!!

Masters Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $385,000 is estimated to result in $145,000 in annual pretax cost savings. The press falls in the MACRS five-year class, and it will have a salvage value at the end of the project of $45,000. The press also requires an initial investment in spare parts inventory of $20,000, along with an additional $3,100 in inventory for each succeeding year of the project. The shop’s tax rate is 22 percent and its discount rate is 9 percent. Refer to Table 10.7. Calculate the NPV of this project. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) (NOTE: show CF function inputs to find the NPV) Should the company buy and install the machine press? Yes No