A mutual fund holds the following assets at the beginning of the year:

8,000 shares of FB, price $180

1250 shares of AMZN, price $1100

1100 shares of GOOG, price $950

The mutual fund has 910,000 number of shares issued at this point. The mutual fund has 1.2% operating expenses, 0.5% 12b-1 fees and a 4% front-end load. Expenses and fees are deducted from assets at the end of the year. At the end of the year, the assets held by the fund are worth $ 4.4m (before expenses) and there are 900,000 shares outstanding. Just before the end of the year, the fund realized $0.3m capital gains and received $0.2m dividends. What is the reported return on the fund? (Provide your answer in %, rounded to two decimals, omitting the % sign. Please show all formulae, solutions and steps.)

Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,000 from his law practice. Assume that Roquan pays $40,000 wages to his employees, he has $10,000 of property (unadjusted basis of equipment he purchased last year), and has no capital gains or qualified dividends. His taxable income before the deduction for qualified business income is $100,000. (Leave no answer blank. Enter zero if applicable.)

Required:

1. Calculate Roquan’s deduction for qualified business income.
2. Assume the same facts provided above, except Roquan’s taxable income before the deduction for qualified business income is $300,000. Calculate Roquan’s deduction for qualified business income.

Please use 2019 tax laws and explain your answer!

Consider the following.

a. What is the duration of a four-year Treasury bond with a 9.5 percent semiannual coupon selling at par? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Duration of the bond years

b. What is the duration of a three-year Treasury bond with a 9.5 percent semiannual coupon selling at par? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Duration of the bond years

c. What is the duration of a two-year Treasury bond with a 9.5 percent semiannual coupon selling at par? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Duration of the bond years

A 34 year old female with HIV comes to the office due to the appearance of multiple tender nodules on her lower extremities over the past several weeks. The patient tried to squeeze open the lesions, but this led to profuse bleeding with no expression of pus. She works at a pet store in Mississippi and has regular contact with a variety of animals. Skin examination findings are shown below. Biopsy of the lesions reveals large endothelial cells forming vascular channels with a mixed neutrophilic and lymphocytic infiltrate. Immunohistochemical staining for human herpesvirus 8 is negative. On Warthin-Starry Stain there are gram negative bacteria. Infection with which of the following pathogens is most likely responsible for the patient's skin condition?

Group of answer choices

Bartonella henselae

Pseudomonas aeruginosa

Yersinia pestis

Yersinia enterocolitica

Closing the Balances in The Variance Accounts at the End of the Year

Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end:

Unadjusted Cost of Goods Sold equals $1,540,000, unadjusted Work in Process equals $336,000, and unadjusted Finished Goods equals $260,000.

Required:

1. Assume that the ending balances in the variance accounts are immaterial and prepare the journal entries to close them to Cost of Goods Sold. Note: Close the variances with a debit balance first. If an amount box does not require an entry, leave it blank or enter "0".

What is the adjusted balance in Cost of Goods Sold after closing out the variances?

$

2. What if any ending balance in a variance account that exceeds $9,000 is considered material? (a) Close the immaterial variance accounts to Cost of Goods Sold. (b) Prorate the largest of the labor variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. (c) Prorate the largest of the material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is $1,050,000, the prime cost in Work in Process is $165,200, and the prime cost in Finished Goods is $136,000. If an amount box does not require an entry, leave it blank or enter "0".

Note: Round all interim calculations to three decimal places, and round your final answers to the nearest dollar. Adjust credit entry for rounding to ensure debits equal credits in journal entry.

What are the adjusted balances in Work in Process, Finished Goods, and Cost of Goods Sold after closing out all variances?

At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

(static, flexible)

c. Malloy can see that her present plan (will, will not provide) sufficient cash. If Malloy did not budget but went ahead with the original plan, she would be $ ? (over/short) at the end of December, with no time left to adjust.

The average salary of merchandisers is $54,000 per year with a standard deviation of $6000. a. What is the probability that a merchandiser earns more than $66,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability 0.5228 b. What is the probability that a merchandiser earns less than $42,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability 0.5228 c. What is the probability that a merchandiser earns between $50,000 and $58,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability 0.4972 d. What is the probability that a merchandiser will earn between $45,000 and $63,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability 0.8664 e. What is the average salary below which 25% of the merchandisers earn? (Round the final answer to the nearest whole number.) Salary $

What is the estimated CPM for advertising on? per month and per year.

- Spotify:

- Pandora:

- Tik Tok:

A machine costs $35,000 to buy and $5,000 per year to operate and maintain. It will have a salvage value of $8,000 in 9 years. It will generate $10,000 per year in net revenue for the first four years, and then the revenue will fall by $1,000 each year after. If the company purchasing the machine uses a MARR of 7% to make project , find the NPW, NFW, and AW. Is this project worth undertaking if no loss is expected?

Work in Microsoft Excel (show Code)

An audit of the books of Grinch company was conducted for the year ending December 31, 2018. In examining the books, the auditor found that certain items had been overlooked or incorrectly recorded. These items are:

1. The company purchased a copyright in early 2016 for $60,000. The bookkeeper has not amortized the copyright. The useful life at purchase was 10 years.

2. During 2018, the company sold fully depreciated equipment that originally cost $25,000 (no salvage value). The company incorrectly recorded the sale as follows:

Cash                                        3,500

                                    Equipment                               3,500

3. A $12,000 insurance premium paid on January 1, 2017, for a policy that expires on December 31, 2019, was charged to insurance expense.

4. The company failed to accrue sales commissions payable of $3,000 at the end of 2017. It was therefore expensed at the beginning of 2018.

5. Also, at December 31, 2018, Grinch decided to change the depreciation method on its office equipment from double-declining balance to straight line. The equipment had an original cost of $40,000 when purchased on January 1, 201 It has a 10-year useful life and no salvage value. Depreciation expense recorded prior to 2018 under the double-declining balance method was $19,520. Grinch has already recorded 2018 depreciation expense of $4,096 using the double-declining balance method.

Instructions:

Prepare the journal entries necessary in 2018 to correct the books, assuming the books have not been closed. Ignore all tax effects.