Ray Ray made the following contributions this year.
|
Charity |
Property |
Cost |
FMV |
|
|
United Way |
Cash |
8,930 |
8,930 |
|
|
American Heart Association |
Pepsi stock |
11,249 |
12,855 |
|
|
First Methodist Church |
Antique painting |
2,301 |
7,148 |
|
American Heart Association plans to sell the stock to fund its operations. First Methodist Church intends to sell the antique painting. Ray Ray has owned the painting and Coca-Cola stock since 1990.
What is the total amount of charitable contributions subject to the 30% of AGI ceiling?
In: Accounting
"It is obvious that the Church had a great influence on the music of the Medieval, Renaissance, and even the Baroque. Do you believe that was a good thing? Was it it beneficial, for the development of the music in general and composers in particular, that they were scrutinized by the Church? Would have they been better off if they were offered free-reign, and allowed to compose whatever they wanted, however they wanted? Finally, can you think of a similar instance, in art, literature, or any other genre, where an institution had a great control over the creative process? What was the outcome in that particular instance?
Response should be a well developed paragraph
In: Psychology
Suppose a simple random sample of 26 male students is asked whether they have pulled an "all-nighter " for academic reasons and 10 answered "yes." Suppose a simple random sample of 25 female students is asked whether they have pulled an "all-nighter" for academic reasons and 8 answered "yes."
Is there insufficient evidence based on the sample to reject the claim that male and female students are equally likely to have pulled an "all-nighter" for academic reasons?
In: Statistics and Probability
Suppose a simple random sample of 26 male students is asked whether they have pulled an "all-nighter " for academic reasons and 10 answered "yes." Suppose a simple random sample of 25 female students is asked whether they have pulled an "all-nighter" for academic reasons and 8 answered "yes."
Is there insufficient evidence based on the sample to reject the claim that male and female students are equally likely to have pulled an "all-nighter" for academic reasons?
In: Statistics and Probability
Compute and Interpret Liquidity, Solvency and Coverage
Ratios
Selected balance sheet and income statement information for Calpine
Corporation for 2004 and 2006 follows.
| ($ millions) | 2004 | 2006 |
|---|---|---|
| Cash | $ 1,376.73 | $ 1,503.36 |
| Accounts receivable | 1,097.16 | 735.30 |
| Current assets | 3,563.56 | 3,168.33 |
| Current liabilities | 3,285.39 | 6,057.95 |
| Long-term debt | 16,940.81 | 3,351.63 |
| Short-term debt | 1,033.96 | 4,568.83 |
| Total liabilities | 22,628.42 | 25,743.17 |
| Interest expense | 1,516.90 | 1,288.29 |
| Capital expenditures | 1,545.48 | 211.50 |
| Equity | 4,587.67 | (7,152.90) |
| Cash from operations | 9.89 | 155.98 |
| Earnings before interest and taxes | 1,589.84 | 1,877.84 |
(a) Compute the following liquidity, solvency and coverage
ratios for both years. (Round your answers to two decimal
places.)
2006 current ratio = Answer
2004 current ratio = Answer
2006 quick ratio = Answer
2004 quick ratio = Answer
2006 liabilities-to-equity = Answer
2004 liabilities-to-equity = Answer
2006 total debt-to-equity = Answer
2004 total debt-to-equity = Answer
2006 times interest earned = Answer
2004 times interest earned = Answer
2006 cash from operations to total debt = Answer
2004 cash from operations to total debt = Answer
2006 free operating cash flow to total debt = Answer
2004 free operating cash flow to total debt = Answer
(b) Which of the following best describes the company's credit
risk?
Both the quick ratio and current ratio for 2006 are lower than 1.0 and have increased in the past two years. Along with interest coverage ratios that are exceedingly high, the probability that the company will face default has significantly increased.
Both the quick ratio and current ratio for 2006 are lower than 1.0 and have decreased in the past two years. Along with interest coverage ratios that are exceedingly low, the probability that the company will face default has significantly increased.
Both the quick ratio and current ratio for 2006 are above 1.0 and have decreased in the past two years. Along with interest coverage ratios that are exceedingly low, the probability that the company will face default has significantly decreased.
Both the quick ratio and current ratio for 2006 are above 1.0 and have increased in the past two years. Along with interest coverage ratios that are exceedingly high, the probability that the company will face default has significantly decreased.
In: Accounting
Deflation refers to the phenomenon of a negative inflation rate. (In 2004, the inflation rate was negative in Hong Kong and we say Hong Kong suffered deflation in 2004.) Many people regard deflation as bad. Can you explain why? Is deflation sometimes good (at least for some people)?
In: Economics
Deflation refers to the phenomenon of a negative inflation rate. (In 2004, the inflation rate was negative in Hong Kong and we say Hong Kong suffered deflation in 2004.) Many people regard deflation as bad. Can you explain why? Is deflation sometimes good (at least for some people)?
In: Economics
Please make the post as original as possible!
Discuss case study: Globe Life Insurance Company has undertaken a new sales program that targets neighborhoods in Los Angeles where drive-by shootings were a nightly occurrence. Two such shootings occurred in which children were killed as they sat in their living rooms. Globe salespeople were instructed to "hit" the houses surrounding those where children were victims. They were also told to contact the parents of those children to sell policies for their other children. Tom Raskin, an experienced Globe salesman, read of a drive-by shooting at Nancy Leonard's home, in which Leonard's 5-year-old son was killed. The Los Angeles Times reported that Leonard was a single parent with four other children. Raskin traveled to Leonard's home and described the benefits of a Globe policy for her other children. He offered her the $10,000 term life policy for each of the children for a total cost of $21 per month. Leonard was in the process of making funeral arrangements for her son, and Raskin noted, "See how much it costs for a funeral." Leonard had been given several tranquilizers the night before by a physician at the hospital's emergency room. The physician had also given her 15 more tranquilizers to help her through the following week. She had taken one additional tranquilizer an hour before Raskin arrived, using a Coors Lite beer to take the pill. Leonard signed the contract for the policy. After her son's funeral, she received the first month's bill for it and exclaimed, "I didn't buy any life insurance! Where did this come from?"
Discuss whether Leonard had legal standing to sue Globe. Did she have to pay for the life insurance? Also, discuss the ethical issues involved in the Globe's sales program. Discuss the legal issues involved in Raskin's decision to target Leonard the day after her son's death.
In: Economics
catch me if you can (2002) write a report about catch me if you can (2002) must be 900 words that fully describes the movie including describing the main characters, the fraud situation in the movie, and how the situation plays out. The second part of the paper should discuss the actual persons and/or companies on which the movie focuses: Identify these actual persons / company; identify the type(s) of fraud(s) are alleged in the film; discuss your personal feelings about these people about the film; after doing some research, discuss what has happened to the people / companies featured in the film.
In: Operations Management
On July 1, 2002, Enjoy Toys Company issued $10 million
in 10-year, 12% debenture bonds. Interest is payable semiannually
on January 1 and July 1. Bond discounts and premiums are amortized
by the straight-line method at each interest payment date and at
year-end. The company’s fiscal year ends at December 31.
Required 1. July 1, 2002 to record the issuance of bonds at par
value. 2. Make the necessary entries at December 31, 2002, under
each of the following assumptions: (a)The bonds were issued at 97.
(b)The bonds were issued on 102. *
In: Accounting