Scenario: Your client Mary, a surviving spouse of John, has approached you to provide her with gift and estate planning services. Respond to the following questions and submit your answers in a Word Document to the Unit 1 Assignment Dropbox. Remember to review and reference the applicable sections of the Tax Code, including Publications 706 and 709. 1. Based on Mary’s situation, determine the credit for the gift and estate tax exclusion. Use 2017 indexed exclusion of $5,500,000. Based on your research of the tax code, what is the rationale for the gift and estate tax exclusion? 2. John used $450,000 of his gift and estate tax exclusion for his lifetime gifts. Assuming that John’s estate used $2,300,000 of his estate tax exclusion in closing his estate, determine Mary's estate tax exclusion when she dies if she and her spouse elected to gift split on all taxable gifts. Clearly show your calculations. 3. Mary wants to transfer property into an irrevocable trust she created, but she intends to retain the right to change the beneficiaries. Analyze the circumstances that are required for Mary’s transfer to be a completed gift. 4. Explain to Mary the gift tax annual exclusion and why it was enacted. 5. Differentiate between a present interest and a future interest. How do they apply to Mary’s situation?

1. The Evrett Company operates a simple chemical process to convert a single material into three separate items, referred to here as X, Y, and Z. All three end products are separated simultaneously at a single splitoff point. Products X and Y are ready for sale immediately upon splitoff without further processing or any other additional costs. Product Z, however, is processed further before being sold. There is no available market price for Z at the splitoff point. The selling prices quoted here are expected to remain the same in the coming year. During 2012, the selling prices of the items and the total amounts sold were as follows:

X—75 tons sold for $1,800 per ton

Y—225 tons sold for $1,300 per ton

Z—280 tons sold for $800 per ton

The total joint manufacturing costs for the year were $328,000. Evrett spent an additional $120,000 to finish product Z. There were no beginning inventories of X, Y, or Z. At the end of the year, the following inventories of completed units were on hand: X, 175 tons; Y, 75 tons; Z, 70 tons. There was no beginning or ending work in process.

Compute the cost of inventories of X, Y, and Z for balance sheet purposes and the cost of goods sold for income statement purposes as of December 31, 2012, using the  NRV method.(2pts)

solve it in Microsoft word please

Susie Harrison is a financial consultant to Investments Trust Inc., a real estate syndicate. Investments Trust Inc. finances and develops commercial real estate (office buildings.) The completed projects are then sold as limited partnership interests to individual investors. The syndicate makes a profit on the sale of these partnership interests. Susie provides financial information for the offering prospectus, which is a document that provides the financial and legal details of the limited partnership offerings. In one of the projects, the bank has financed the construction of a commercial office building at a rate of 10% for the first four years, after which the rate jumps to 15% for the remaining 20 years of the mortgage. The interest costs are one of the major ongoing costs of the real estate project. Susie has reported prominently in the prospectus that the break-even occupancy for the first four years is 65%. This is the amount of office space that must be leased to cover the interest and general upkeep costs over the first four years. The 65% break-even is very low and thus communicates a low risk to potential investors. Susie uses the 65% break-even rate as a major marketing tool in selling the limited partnership interests. Buried in the fine print of the prospectus is additional information that would allow an astute investor to determine that the break-even occupancy will jump to 95% after the fourth year because of the contracted increase in the mortgage interest rate. Susie believes prospective investors are adequately informed as to the risk of the investment. 200 word minimum

Assume that Seminole, Inc., considers issuing a Singapore dollar?denominated bond at its present coupon rate of 8.7 percent, even though it has no incoming cash flows to cover the bond payments. It is attracted to the low financing rate, since U. S. dollar-denominated bonds issued in the United States would have a coupon rate of 12 percent. Assume that either type of bond would have a four­?year maturity and could be issued at par value. Seminole needs to borrow $10 million. Therefore, it will either issue U. S. dollar denominated bonds with a par value of $10 million or bonds denominated in Singapore dollars with a par value of S$20 million. The spot rate of the Singapore dollar is $.50. Seminole has forecasted the Singapore dollar’s value at the end of each of the next four years, when coupon payments are to be paid:

               End of Year                 Exchange Rate of Singapore Dollar

                                 1                                       $.53

                                 2                                        .56

                                 3                                        .58

                                 4                                        .59

Determine the expected annual cost of financing with Singapore dollars. Should Seminole, Inc., issue bonds denominated in U.S. dollars or Singapore dollars?

*****PLEASE DO NOT DO THIS IN EXCEL MY TEACHER WILL NOT ACCEPT WORK DONE IN EXCEL. I NEED A STEP BY STEP PROCESS VIA WORD DOC OR ANY OTHER TYPE OF WRITTEN LECTURE.*** Thank you

Gilton Co. is evaluating a project with the following cash flows. The firm does not have any debt and all the required financing for the project is through stockholders.

Table 1: Cash flows of the project

Table 2: Risk and Return

Using the provided information in Table 2 and assuming that CAPM holds:

1. Calculate the expected return of the firm.

2. Using the estimated expected return, evaluate the project using the following criteria (Table 3) and decide if you accept/reject project based on each criterion (the last column of table 3).

Hint: You can use excel to find out IRR of the project.

Hint: Consider the managers’ threshold for PB, DPP and PI.

3. Please provide NPV profile of the project.

Hint: Use excel to draw the graph and then paste in the word file.

Table 3: Project criteria

4. Considering estimated criteria, provide your insight about this project as an independent analyst. ( 5 marks)

EXEL CAN BE USED

Make sure your answers are written in red and you show your work. Some students are able to write out their answers and then scan and upload them. If you cannot do this, you can create equations within WORD. DrawInk to Math

1. Which distribution is used with small samples?

2. The sheriff’s office samples in LEMAS (N = 827) reported that their agencies require new recruits to complete a mean of 599 hours of academy training (s=226). Construct a 99% confidence interval around this mean and interpret the interval in words.

3. In the PPCS, respondents who say that they have been stopped by police while driving vehicles are asked to report the reason why they were stopped and the total length of time that the stop took. Among female drivers stopped for illegal use of a cellphone while driving (N=42), stops lasted a mean of 9.00 minutes (s=5.48). Construct a 95% confidence interval around this sample mean and interpret the interval in words.

4. Respondents to the GSS (N=1,166) worked a mean of 40.27 hours per week (s=15.54). Construct a 99% confidence interval around this sample value and interpret the interval in words.

5. In a random sample of prisons (N=30) from the COJ, the mean number of inmates per security-staff member was 4.34 (s=3.94). Construct a 95% confidence interval around this sample value and interpret the interval in words.

During your review of the audit field work completed by a new junior employee of the audit firm, John Smith, you have noted many areas which require additional review notes. John, who has just completed the interim audit of Taxon Ltd for the year ended 30 June 2019, has just performed testing of controls. When testing controls over payments made to related parties, there should be evidence of approval and sign-off by the chief financial officer (CFO). John selected a sample of payments made to related parties and vouched them back to the electronic funds transfer (EFT) forms to sight the CFO’s signature of approval. Based on a sample of ten payments, six had been approved by the CFO in writing. However, the remaining four EFT forms (for immaterial amounts) did not have the CFO’s signature, but John noted that the CFO had given verbal approval. John concluded that because all internal controls were working, the audit team could use analytical procedures alone to audit payments made to related parties.

Required:

Based on the results of the testing of controls outlined above, determine whether John has arrived at the appropriate conclusion? (1 mark)

Justify your answer by addressing the following areas: the risks associated with related party transactions, and the reliability of controls at Taxon Ltd.

(Word Limit: Minimum of 150 words. Maximum of 600 words)

Daniel J Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:

                                   Job #1        Job #2        Job #3
beginning work in process .....    $4,930        $4,970        $2,840

COSTS ADDED DURING MARCH:
direct materials ..............    $3,400        $4,200        $4,600
direct labor ..................    $5,000        $4,000           ?

Daniel J applies overhead to jobs based on a percentage of direct materials
used. During March, Daniel J completed both Job #2 and Job #3. Job #1 was
not completed by the end of March. Job #2 consisted of 1,700 units; some
of these units were sold during March. None of the units from Job #3 were
sold in March. Daniel J Company's accounting records for March disclosed
the following information:

Work in process inventory balance at March 31 ..........  $15,880
Actual overhead cost for the month of March ............  $ 8,500
Cost of goods sold for March ...........................  $11,830
Finished goods inventory balance at March 31 ...........  $18,870

The cost of goods sold number above represents the cost of goods sold for
March after the overhead variance has been closed for March.

Calculate the number of units from Job #2 that were sold during March.
Simply enter your answer as a number. Do not type the word units after
your answer.

Conduct a health history on a family member or friend. Be sure they give you permission. Using the interviewing techniques learned in Module 2, gather the following information. Use your textbook as your guide. Present Health Past Health Family History While this is only a partial health history, summarize in 3 -5 pages the information you gathered. Also, answer the following questions: Was the person willing to share the information? If they were not, what did you do to encourage them? Was there any part of the interview that was more challenging? If so, what part and how did you deal with it? How comfortable were you taking a health history? What interviewing techniques did you use? Were there any that were difficult and if so, how did you overcome the difficulty? Now that you have taken a health history discuss how this information can assist the nurse in determining the health status of a client. Your assignment must have accurate spelling and grammar. Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates. Save your assignment as a Microsoft Word document. (Mac users, please remember to append the ".docx" extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:

Johnson Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:

                                   Job #1        Job #2        Job #3
beginning work in process .....    $4,930        $4,970        $2,840

COSTS ADDED DURING MARCH:
direct materials ..............    $3,400        $4,200        $4,600
direct labor ..................    $5,000        $4,000           ?

Johnson applies overhead to jobs based on a percentage of direct materials
used. During March, Johnson completed both Job #2 and Job #3. Job #1 was
not completed by the end of March. Job #2 consisted of 1,700 units; some
of these units were sold during March. None of the units from Job #3 were
sold in March. Johnson Company's accounting records for March disclosed
the following information:

Work in process inventory balance at March 31 ..........  $15,880
Actual overhead cost for the month of March ............  $ 8,500
Cost of goods sold for March ...........................  $11,830
Finished goods inventory balance at March 31 ...........  $18,870

The cost of goods sold number above represents the cost of goods sold for
March after the overhead variance has been closed for March.

Calculate the number of units from Job #2 that were sold during March.
Simply enter your answer as a number. Do not type the word units after
your answer.