Reynaldo and Sonya, a married couple, had flood damage in their home due to a dam break near their home in 2019, which was declared a Federally Designated Disaster Area. The flood damage ruined the furniture that was stored in their garage. The following items were completely destroyed and not salvageable:

Required:

Their homeowner's insurance policy had a $12,565 deductible for the personal property, which was deducted from their insurance reimbursement of $17,925, resulting in a net payment of $5,360. Their AGI for 2019 was $38,000. What is the amount of casualty loss that Reynaldo and Sonya can claim on their joint return for 2019?

The Al Best Company uses a 7.5-kW motor for 16 hours per day, 5 days per week, 50 weeks per year in its flexible work cell. This motor is 85% efficient, and it is near the end of its useful life. The company is considering buying a new high efficiency motor (91% efficient) to replace the old one instead of buying a standard efficiency motor (86.4% efficient). The high efficiency motor cost €70 more than the standard model, and should have a 15-year life. The company pays €7 per kW per month and €0.06 per kWh. The company has set a discount rate of 10% for their use in comparing projects. Assume the load factor is 60% Determine the SPP, ROI, and BCR for this project:

Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to offer 12 round trips per day. A recent month’s activity in the form of a cost-volume-profit income statement is shown below.

A. Calculate the break-even point in dollars.

B. Calculate the break-even point in number of fares. (Round answer to 0 decimal places, e.g. 5,275.)

C. Without calculations, determine the contribution margin at the break-even point.

Draft a document addressing the following topics:

1. Identify the differences between all four market structures in the short-run and long-run. This will be helpful as many of you may hold management positions and/or become entrepreneurs in the near future. When deciding what type of firm to own or operate, you may find that one market structure may be more advantageous over another based on short-run and long-run costs.

2. Explain the significance that the average total cost (ATC) curve has on profit and loss based on each type of market structure. Explore how the ATC curve affects all four market structures and identify whether firms will earn a profit or loss based on the placement of the ATC curve and price.

Here are the figures for the loyalty of imperial soldiers on the Death Star: 210 stormtroopers are traitors, 2000 stormtroopers are loyal, 350 imperial officers are traitors, <$eqn ol> imperial officers are loyal.

Round all answers to the nearest tenth (one place after the decimal).

What percentage of stormtroopers are traitors?  
What percentage of stormtroopers are loyal?  
What percentage of imperial officers are traitors?  
What percentage of imperial officers are loyal?  
What percentage of traitors are stormtroopers?  
What percentage of loyalists are stormtroopers?  
What percentage of traitors are imperial officers?  
What percentage of loyalists are imperial officers?  
What percentage of people on the Death Star are stormtroopers?  
What percentage of people on the Death Star are imperial officers?  
What percentage of people on the Death Star are traitors?  
What percentage of people on the Death Star are loyal?  

1. I've purchased 10 pounds of whatchamacallit fruit at the farmers market from Farmer Frank. Once it has been peeled, cored and sectioned I have 2 lbs and 3 ounces of trim.   The cost was $36.42 for 10 pounds.

What is the AP cost per pound?

2. I've purchased 10 pounds of whatchamacallit fruit at the farmers market from Farmer Frank. Once it has been peeled, cored and sectioned I have 2 lbs and 3 ounces of trim.   The cost was $36.42 for 10 pounds. What is the EP cost per pound?

3. I've purchased 10 pounds of whatchamacallit fruit at the farmers market from Farmer Frank. Once it has been peeled, cored and sectioned I have 2 lbs and 3 ounces of trim.   The cost was $36.42 for 10 pounds. What is the Yield Percentage?

4. I've purchased 10 pounds of whatchamacallit fruit at the farmers market from Farmer Frank. Once it has been peeled, cored and sectioned I have 2 lbs and 3 ounces of trim.   The cost was $36.42 for 10 pounds. Chef Al Donta need to produce 48 whatchamacallit fruit pies with each pie needing 2lb 8 ounces of fruit. How many pounds (ROUNDED UP TO THE NEXT FULL POUND) of fruit must be bought to produce the required pies. (use the yield percentage !)

5. I've purchased 10 pounds of whatchamacallit fruit at the farmers market from Farmer Frank. Once it has been peeled, cored and sectioned I have 2 lbs and 3 ounces of trim.   The cost was $36.42 for 10 pounds.

If I purchase 25 pounds next week, how many pounds (show pounds and decimals parts of pound) will I have once they are peeled, cored and sectioned with the same yield percentage as the first week?

6. AP 50 lbs of carrots will yield how many pounds of EP lbs. at an 88% yield. Use pound and decimal amount for your answer.

7. AP = $1.99 per pound, YP = 74%. What is the EP cost PER OUNCE?

8. AP = $16.18 per 10 lbs, YP = 83%; what is the EP cost per lb?

9. What is the AP cost per ounce of a 50lb bag of Golden Beets purchased for $39.99 per bag?

10. What is the EP cost per ounce of Golden Beets purchased at $39.99 per 50 lb bag, with a yield of 86.5%?

2. (20pts) In industrial selling, negotiation costs represent a significant percentage of a firm’s sales since the seller must formulate a sales strategy before negotiating with a business or governmental client. Several researchers Interviewed 500 firms involved in industrial selling and found their average negotiation cost per transaction to be $11,336 with a standard deviation of $1,951. What is the point estimate of the average negotiation cost per transaction for all industrial sellers? What are the lower and upper limits of a 90% confidence interval?

Harlequin Co. has used the dollar-value LIFO retail method since it began operations in early 2020 (its base year). Its beginning inventory for 2021 was $42,000 at cost and $78,000 at retail prices. At the end of 2021, it computed its estimated ending inventory at retail to be $132,000. Assuming its cost-to-retail percentage for 2021 transactions was 60%, what is the inventory balance that Harlequin Co. would report in its 12/31/2021 balance sheet?

1. If net revenues are 100,000 and advertising expenses are 20,000 what percentage would you get for advertising if you were doing a vertical analysis?

2. If prior year cash was 100,000 and current year cash is 150,000 what would be the horizontal analysis calculation?

3. In the world of merchandising what is the equation to calculate cost of goods sold?

4. What makes up net purchases? 5. In manufacturing what are the differences in calculating cost of goods sold compared to merchandising?

A survey asked 900 adult Americans how much it would bother them to stay in a room on the 13^th floor of a hotel. Interestingly, 15% said yes. Explain the meaning of the result!

a. What is the Standard Error of the estimate of the population proportion?

b. What is the Margin of Error at a C.L. of 95%?

c. What is the Margin of Error at a C.L. of 92%?

d. At a 98% C.L., if the researcher wants to limit the error within one percent range, what size of the sample is needed?