All but which of the following tests must be met in order for a retirement plan to receive favorable tax treatment as a qualified plan?

a. Percentage test

b. Ratio test

c. Participation test

d. Average benefit test

14. An accounting firm has 125 employees. All employees are covered by the firm’s defined benefit plan except for 70 junior associates. Has the minimum participation requirement been met for the plan?

a. Yes, both parts of the 50/40 test have been met.

b. Yes, but only one part of the 50/40 test has been met.

c. No, neither part of the 50/40 test has been met.

d. No, only one part of the 50/40 test has been met and the plan must pass both parts.

A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.

• Solution inputs are numbers only, no symbols. Percentage is kept as 0.76 instead of 76%.
• Numbers can be in the format of either 3000 or 3,000; 0.95 or .95
• Keep two decimals if not exact, do not round. For example, 3.24923... will be kept as 3.24, but the exact value of 0.625 will be kept as 0.625

1. If each activity is performed by a different person, with four employees, what would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?

2. Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?

3. The office now has only three employees, activities B and C are combined together and assigned to one employee, while the other two employees are responsible for activities A and D respectively. Under this setting, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

4. The office now has only three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D . Under this setting, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

5. With three employees, every employee can perform any activity and more than one activity. Under this setting, What would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?  

A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.

• Solution inputs are numbers only, no symbols. Percentage is kept as 0.76 instead of 76%.
• Numbers can be in the format of either 3000 or 3,000; 0.95 or .95
• Keep two decimals if not exact, do not round. For example, 3.24923... will be kept as 3.24, but the exact value of 0.625 will be kept as 0.625

1. If each activity is performed by a different person, with four employees, what would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

2. Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What would be the maximum number of loan applications the office can process per day?    And what is the office's direct labor utilization (DLU) ?  

3. The office now has only three employees, activities B and C are combined together and assigned to one employee, while the other two employees are responsible for activities A and D respectively. Under this setting, what would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?

4. The office now has only three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D . Under this setting, what would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?

5. With three employees, every employee can perform any activity and more than one activity. Under this setting, What would be the maximum number of loan applications the office can process per day?   And what is the office's direct labor utilization (DLU) ?  

C++

Write a program that produces the truth table of the following logical operators. You aresupposed to output one table with all the operators (one column for each operator). Write theheader of the table - this is the name of the columns-. Output the result on the file prog1 output.txt. The table should contain the letters T and F, it should NOT print 1s and 0s. Show theresults on the following order:

1. negation (!)

2. disjunction (AND operator, &)

3. conjunction (OR operator, |)

4. exclusive or (or but not both, ^)

5. implication (CONDITIONAL operator, ->)

6. biconditional (<->)

The table below shows a measure of the “liberalness” of various American cities and a measure of the corresponding asking price per square foot for housing.

Enter the slope and y-intercept of the regression line, using liberalness as the independent variable. Round your answers to two decimal places.

Slope:         Intercept:

Enter the correlation coefficient and the coefficient of determination for the data. Round your answers to two decimal places.

Correlation coefficient:      Coefficient of determination:

In a study of jury behavior, two samples of participants were provided details about a trial in which the defendant was obviously guilty. Although group 2 received the same details as group 1, the second group was also told that same evidence had been withheld from the jury by the judge. Later the participants were asked to recommend a jail sentence. The length of term suggested by each participant is presented here. Is there a significant difference between the two groups in their response. Test at α = .001

Group 1                            Group 2

                        4                                  3

                        4                                  7

3                                  8

2                                  5

5                                  4

1                                  7

1                                  7

4                                  8

Details of McCormick Plant Proposal McCormick & Company is considering a project that requires an initial investment of $24 million to build a new plant and purchase equipment. The investment will be depreciated as a modified accelerated cost recovery system (MACRS) seven-year class asset. The new plant will be built on some of the company's land, which has a current, after-tax market value of $4.3 million.

The company will produce bulk units at a cost of $130 each and will sell them for $420 each. There are annual fixed costs of $500,000. Unit sales are expected to be $150,000 each year for the next six years, at which time the project will be abandoned. At that time, the plant and equipment is expected to be worth $8 million (before tax) and the land is expected to be worth $5.4 million (after tax).

To supplement the production process, the company will need to purchase $1 million worth of inventory. That inventory will be depleted during the final year of the project. The company has $100 million of debt outstanding with a yield to maturity of 8 percent, and has $150 million of equity outstanding with a beta of 0.9. The expected market return is 13 percent, and the risk-free rate is 5 percent. The company's marginal tax rate is 40 percent.

What will be the tax depreciation each year?

PLEASE show how you calculated the value of the plant and equipment purposes in six years.

What will be the value of the plant and equipment for tax purposes in year six? Will it be sold for a gain or a loss, and what will the tax effect be?

the worst hand you can get in poker is a 7 high (where you have a 2, 3, 4, 5, 6, 7 and the suits do nit match). is this hand more or less likely than a royal flush (where you have 10, J, Q, K, A and the suits match). Why? this is a 5 card poker game

You want to determine the speed limit for a local highway. Distribution data for the driving speed on a given street is given below; all speeds have been rounded to the nearest integer. Part a: What is the average(mean) and standard deviation of this sample of data? (Hint, you will need to manipulate the data – you cannot use the average or stdev functions in excel on the data as is.) Part b: What is the value that 85% of the drivers fall under (the 85% speed limit) that you would recommend using this data? Answer the following questions to help you think through this problem. • When do you use the respective distribution or inverse functions in excel? Which situation do you have here and how do you know? • Using that information, what would you recommended speed limit this road? (Think about speed limits and how they are posted?) Part c: What percent of people drive within 5 mph of your recommended 85% speed limit, using this data?