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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.

Top of Form

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

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. 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?

Question:

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????

Thanks

Category Prior Year Current Year Accounts payable 3,131.00 5,938.00 Accounts receivable 6,885.00 8,936.00 Accruals 5,601.00 6,112.00 Additional paid in capital 19,755.00 13,391.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,261.00 18,280.00 Current portion long-term debt 500 500 Depreciation expense 1,045.00 950.00 Interest expense 1,274.00 1,149.00 Inventories 3,002.00 6,674.00 Long-term debt 16,600.00 22,653.00 Net fixed assets 75,582.00 73,964.00 Notes payable 4,023.00 6,580.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,022.00 34,680.00 Sales 46,360 45,431.00 Taxes 350 920 What is the firm's total change in cash from the prior year to the current year?

1.

Complete the following questions on excel:

1. What is the Payback Period for the project?
2. What is the Discounted Payback Period for the project at 12% required rate of return?
3. What is the NPV of the project if the required rate of return is 12%
4. What is the PI of the project?
5. What is the IRR of the project?

Unbiased Expectations Theory Suppose that the current one-year rate (oneyear spot rate) and expected one-year T-bill rates over the following three years (i.e.,
years 2, 3, and 4, respectively) are as follows:

1R1=7%, E(2r1) =9%, E(3r1) =6.0% E(4r1)=4%

Using the unbiased expectations theory, calculate the current (long-term) rates for
one-, two-, three-, and four-year-maturity Treasury securities. Show your answers in
percentage form to 3 decimal places.
Note that:

Rate for a two year security
= [(1 + 1R1)(1 + E(2r1))] 1/2 - 1

Rate for a three year security
= [(1 + 1R1)(1 + E(2r1))(1 + E(3r1))] 1/3 - 1

Rate for a four year security
= [(1 + 1R1)(1 + E(2r1))(1 + E(3r1))(1 + E(4r1))] 1/4 - 1

FNMA has direct holdings of 30-year fixed-rate mortgages financed by three- to five-year agency securities sold to the public.

What kind of interest rate option could FNMA use to limit the interest rate risk? Explain how this would work. Explain how a collar could also be used.

Troll Inc is considering replacing an old, relatively inefficient Troll onjection-mold machine that was purchased three years ago with a new, more effiecent model. The cost of the old machine has $7500 and had an expected MACRS life of three years. If they sell the old machine now they would receive $1000. However, at the end of five years the old machine is worthless. The cost of the new machine is $12000 and would require an increase in inventory of 1,500. Suppliers would grant the firm an additional 500 in trade credit for the new level of inventory. The expected lfe of the new machine is three years and will reduce annual lablor expenses from 10,000 to 4,000. At the end of the project the firm will be able to sell the new machine for 3,000 an recoup their investment in working capital. The firm has a marginal tax rate of 40 percent. Troll's marginal cost of capital is calculation and readability, round your cash dlows to the nearest whole dollar. Using net present value, and internal rate of return, decide whether they should accept or reject this project.