What is the firm's cash flow from financing?

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Answer format: Number: Round to: 0 decimal places.

What is the firm's total change in cash from the prior year to the current year?

What is the current year's return on assets (ROA)?

The first potential investment consists of a seven-store shopping center, which has a current market price of $800,000. Of this amount, $200,000 represents the cost of the land, and the balance, $600,000, is attributable to buildings on the property. The second possible investment, which costs $650,000, consists of a small four-unit apartment complex. $195,000 of the investment's total price is reflects the cost of land, and the remaining $455,000 is associated with structures on the land. For both properties, you believe you can increase the rents 2% per year for each of the next four years, and expect to sell either property at the end that time. You desire a return of 7% on your investments.

Assume that your expected annual operating costs—excluding your annual depreciation expense—for the commercial property will be 35% of your annual rental income. For the residential property, the annual operating costs (excluding depreciation expense) will be 20% of your annual rental income. The interest rates of the mortgages for the commercial and residential lease properties are expected to be 6% and 4%, respectively.

Given your other assumptions, complete the following two tables and then use your computations to answer several questions. Round all amounts to the nearest whole dollar. (Hint: Don’t round intermediate calculations. Also, don’t forget that capital gains are taxed at 15% if properties are sold for more than their original purchase price.)

The net discounted return expected from an investment in the shopping center—after deducting the cost of the investment—is ( $30,991, $830,991, $55784, $24,793) .

What is the firm's cash flow from financing?

What is the firm's total change in cash from the prior year to the current year?

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(a) Make a line graph of the U.S. civilian labor force data.

• Line Graph 1

• Line Graph 2

• Line Graph 3

• Line Graph 4

(b) Describe the trend (if any) and discuss possible causes.

Trend is  (Click to select)  positive  negative  . There seems to be an  (Click to select)  increase  decrease  in the rate of growth over the past few years.

(d) Make forecasts using the following fitted trend models for years 2017-2019. (Round your answers to the nearest whole number.)

Martin Martindale, the 40-year-old founder and president of Martindale Corporation (an accrual-basis, calendar-year C corporation), owns 60 percent of the stock and receives a salary of $600,000. Four unrelated shareholders own the rest of the stock equally. The corporation has paid dividends regularly to the shareholders and plans to continue to do so in the future. Martin plans to recommend that the board of directors authorize the payment of a bonus to himself and two other employees (all cash-basis, calendar-year individuals). The first employee is the vice president, who owns 10 percent of the corporation and receives a salary of $400,000. The other employee is the controller, who is not currently a shareholder in the corporation and receives a salary of $200,000. Martin would like the bonus to equal 75 percent of each recipient’s current salary. Martin believes that the total compensation is probably a little high when compared to the corporation’s competitors but Martindale is much more profitable. Martindale’s profits have increased by more than 20 percent in the last two years due to the efforts of the individuals who will receive the bonuses, while other businesses in the same industry showed an increase in profits of less than 10 percent. Martin asks you, as the corporation’s tax advisor, to recommend what the corporation needs to do so that it gets a deduction for the planned bonuses. Martin would prefer to pay the bonuses next year but deduct them this year.

1. Locate and read Mayson Manufacturing Co., 178 F.2d 115, 38 AFTR 1028, 49–2 USTC 9467 (CA6, 1949) and Elliotts Inc. 716 F.2d 1241, 52 AFTR 2d 83-5976, 83-2 USTC ¶9610 (CA9, 1985). Summarize the important points of these cases as they relate to Martindale.
2. Prepare a summary of the relevant Code and regulation sections as they apply to Martindale.
3. Prepare a one-paragraph summary for Martin on what the corporation needs to do to qualify for a deduction for the planned bonuses.

Chief Complaint: 74-year-old woman with shortness of breath and swelling.

History: Martha Wilmington, a 74-year-old woman with a history of rheumatic fever while in her twenties, presented to her physician with complaints of increasing shortness of breath ("dyspnea") upon exertion. She also noted that the typical swelling she's had in her ankles for years has started to get worse over the past two months, making it especially difficult to get her shoes on toward the end of the day. In the past week, she's had a decreased appetite, some nausea and vomiting, and tenderness in the right upper quadrant of the abdomen.

On physical examination, Martha's jugular veins were noticeably distended. Auscultation of the heart revealed a low-pitched, rumbling systolic murmur, heard best over the left upper sternal border. In addition, she had an extra, "S₃" heart sound.

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Questions:

1. What is causing this murmur?

2. What is causing her "S₃" heart sound?

3. Is her history of rheumatic fever relevant to her current symptoms? Explain.

4. A chest X-ray reveals a cardiac silhouette that is normal in diameter. Does this rule out a possible problem with Martha's heart? Explain.

Chief Complaint: 74-year-old woman with shortness of breath and swelling. History: Martha Wilmington, a 74-year-old woman with a history of rheumatic fever while in her twenties, presented to her physician with complaints of increasing shortness of breath ("dyspnea") upon exertion. She also noted that the typical swelling she's had in her ankles for years has started to get worse over the past two months, making it especially difficult to get her shoes on toward the end of the day. In the past week, she's had a decreased appetite, some nausea and vomiting, and tenderness in the right upper quadrant of the abdomen. On physical examination, Martha's jugular veins were noticeably distended. Auscultation of the heart revealed a low-pitched, rumbling systolic murmur, heard best over the left upper sternal border. In addition, she had an extra, "S3" heart sound. Top of Form

5. You examine Martha's abdomen and find that she has an enlarged liver ("hepatomegaly") and a moderate degree of ascites (water in the peritoneal cavity). Explain these findings. 6. Examination of her ankles reveals significant "pitting edema." Explain this finding. 7. She is advised to wear support stockings. Why would this help her? 8. Which term more accurately describes the stress placed upon Martha's heart -- increased pre-load or increased afterload? 9. What is the general term describing Martha's condition? 10. How might Martha's body compensate for the above condition? 11. Martha is started on a medication called digoxin. Why was she given this medication, and how does it work? 12. Two weeks after starting digoxin, Martha returns to the physician's office for a follow-up visit. On physical examination, she still has significant hepatomegaly and pitting edema, and is significantly hypertensive (i.e. she has high blood pressure). Her physician prescribes a diuretic called furosemide (or "Lasix"). Why was she given this