The accompanying data on x = current density (mA/cm²) and y = rate of deposition (µm/min) appeared in an article. Do you agree with the claim by the article's author that "a linear relationship was obtained from the tin-lead rate of deposition as a function of current density"?

Find the value of r². (Round your answer to three decimal places.)
r² =

Explain your reasoning.

The very high value of r² denies the author's claim.

The very low value of r² confirms the author's claim.    

The very high value of r² confirms the author's claim.

The very low value of r² denies the author's claim.

I would like to know about the larger picture, current state and future prospects of the sequence of papers that were written by Sheldon Katz and Cumrun Vafa on F-theory. (Freddy Cachazo was also a co-author in many of these papers)

I guess the same is also known as "geometric engineering". (Kindly explain if that is not the same)

There have been recent works on F-theory by Cumrum Vafa, Jonathan Heckman and others.

I would like to know of how this recent work fits in with the earlier work by Katz and Vafa and where do people see this pursuit to be going and what does the community think of its future prospects.

Are these Katz-Vafa works a prospective field for beginning grad students?

Faith and income is becoming an important issue among certain religious groups. Pastors like Joel Osteen believe that your self-worth is tied to your net worth($). Others like Rick Warren, (The Purpose Driven Life author) feel it is baloney and prefer to focus on themes from the Sermon on the Mount.

For more background,check out:    http://www.time.com

search article: DOES GOD WANT YOU TO BE RICH

As the gap between the haves and have nots continues to widen in the USA, is it easier for a wealthy person or a low income person to find belief and live religious values. Another way to describe this question: are wealthy people more likely to be religious than poor people. Or it makes no difference???/

Add the method getTelephoneNeighbor to the SmartPhone class. Make this method return a version of the phone number that's incremented.

Given Files:

public class Demo4 {

    public static void main(String[] args) {
        SmartPhone test1 = new SmartPhone("Bret", "1234567890");
        SmartPhone test2 = new SmartPhone("Alice", "8059226966", "[email protected]");
        SmartPhone test3 = new SmartPhone();
        SmartPhone test4 = new SmartPhone("Carlos", "8189998999", "[email protected]");
        SmartPhone test5 = new SmartPhone("Dan", "8182293899", "[email protected]");

        System.out.print(test1);
        System.out.println("Telephone neighbor: " + test1.getTeleponeNeighbor());
        System.out.println();

        System.out.print(test2);
        System.out.println("Telephone neighbor: " + test2.getTeleponeNeighbor());
        System.out.println();

        System.out.print(test3);
        System.out.println("Telephone neighbor: " + test3.getTeleponeNeighbor());
        System.out.println();

        System.out.print(test4);
        System.out.println("Telephone neighbor: " + test4.getTeleponeNeighbor());
        System.out.println();

        System.out.print(test5);
        System.out.println("Telephone neighbor: " + test5.getTeleponeNeighbor());
        System.out.println();
    }

}

And:

public class Phone
{
    protected String name;
    protected long number;

    public Phone() {
        this("None", -1);
    }

    public Phone(String name) {
        this(name, -1);
    }

    public Phone(String name, long number) {
        this.name = name;
        this.number = number;
    }

    public String getName() {
        return name;
    }

    public long getNumber() {
        return number;
    }
}

And:

public class SmartPhone extends Phone
{
    private String email;
    private String phone;
    private String phone2;

    public SmartPhone()
    {
        super("None",-1);
        phone = "Not set";
        email = "None";
        phone2 = "Not set";
    }

    public SmartPhone(String name, String phone)
    {
        super(name, Long.parseLong(phone));
        this.phone = phone;
        this.email = "None";
    }

    public SmartPhone(String name, String phone, String email)
    {
        super(name, Long.parseLong(phone));
        this.email = email;
        this.phone = phone;
    }

    public boolean hasPhoneNumber()
    {
        return !phone.equals("Not set");
    }

    public String getAreaCode()
    {
        return phone.substring(0,3);
    }

    public String getPrefix()
    {
        return phone.substring(3,6);
    }

    public String getLineNumber()
    {
        return phone.substring(6);
    }

    public String toString()
    {
        return "Name: " + name + "\n" +
                "Phone: " + phone + "\n" +
                "Email: " + email + "\n";
    }
}

///////////////// Output /////////////////

Name: Bret\n
Phone: 1234567890\n
Email: None\n
Telephone neighbor: (123) 456-7891\n
\n
Name: Alice\n
Phone: 8059226966\n
Email: [email protected]\n
Telephone neighbor: (805) 922-6967\n
\n
Name: None\n
Phone: Not set\n
Email: None\n
Telephone neighbor: Cannot calculate phone number neighbor\n
\n
Name: Carlos\n
Phone: 8189998999\n
Email: [email protected]\n
Telephone neighbor: (818) 999-9000\n
\n
Name: Dan\n
Phone: 8182293899\n
Email: [email protected]\n
Telephone neighbor: (818) 229-3900\n
\n

Complex Balance Sheet

Presented below is the unaudited balance sheet as of December 31, 2016, prepared by Zeus Manufacturing Corporation's bookkeeper.

Your company has been engaged to perform an audit, during which you discover the following information:

Checks totaling $14,000 in payment of accounts payable were mailed on December 31, 2016, but were not recorded until 2017. Late in December 2016, the bank returned a customer's $2,000 check marked "NSF," but no entry was made. Cash includes $100,000 restricted for building purposes.

Included in accounts receivable is a $30,000 note due on December 31, 2019, from Zeus's president.

During 2016, Zeus purchased 500 shares of common stock of a major corporation that supplies Zeus with raw materials. Total cost of this stock was $51,300, and fair value on December 31, 2016, was $47,000. The decline in fair value is considered temporary. Zeus plans to hold these shares indefinitely.

Treasury stock was recorded at cost when Zeus purchased 200 of its own shares for $32 per share in May 2016. This amount is included in investments.

On December 31, 2016, Zeus borrowed $500,000 from a bank in exchange for a 10% note payable, maturing December 31, 2021. Equal principal payments are due December 31 of each year beginning in 2017. This note is collateralized by a $250,000 tract of land acquired as a potential future building site, which is included in land.

The mortgage payable requires $50,000 principal payments, plus interest, at the end of each month. Payments were made on January 31 and February 28, 2017. The balance of this mortgage was due June 30, 2017. On March 1, 2017, prior to issuance of the audited financial statements, Zeus consummated a noncancelable agreement with the lender to refinance this mortgage. The new terms require $100,000 annual principal payments, plus interest, on February 28 of each year, beginning in 2018. The final payment is due February 28, 2025.

The lawsuit liability will be paid in 2017.

Of the total deferred tax liability, $5,000 is considered a current liability.

The current income tax expense reported in Zeus's 2016 income statement was $61,200.

The company was authorized to issue 100,000 shares of $50 par value common stock.

Required:

Prepare a corrected classified balance sheet as of December 31, 2016.

The following information is available for Shanika Company for 2016:

John Ranton, president and founder of Running Mate, could hardly contain his excitement over the operating results for his company's second year of operations. Running Mate is an online retailer of a GPS running watch that records distance, time, speed, heart rate, and a number of other statistics. Ranton's company does not manufacture the watches, but instead purchases them directly from the manufacturer based in China and resells them through its online shopping site.

During the first two years of operation, Ranton decided to hold the selling price of the watch constant at $100 per unit in an effort to attract business. He was also able to negotiate a deal with the supplier to hold Running Mates cost per watch constant at $80 per unit for the two years.

Operating expenses for each of the first two years of operation consist only of advertising expenses and the salaries paid to the website designer/administrator and the company's book keeper. Because Ranton is busy with his numerous other business ventures, the bookkeeper also looks after the day-to-day operations of Running Mate and has sole signing authority to make expenditures on the company's behalf. To motivate his website designer to create a web site that is easy to use and appealing to customers, Ranton decided to pay her a commission equal to 1% of annual sales in both 2015 and 2016. The salaries paid to the website administra tor and the bookkeeper were the same in both years and totalled $92,000. Annual advertising expenses of $8,000 were also the same in both years.

After reviewing the operating results for 2015 (shown below). Ranton roughly calculated the expected sales and expenses for 2016 based on anticipated sales of 10.000 watches at a price of $100 per unit and a cost of $80 per unit. He calculated expected operating expenses in 2016 based on the 2015 cost per unit of $13.75 ($ 1100008000 Based on his calculations (shown below). Ranton expected a 25% improvement in 2016 operating income, in keeping with the increase in unit sales. So, when Running Mate's bookkeeper provided Ranton with the actual results shown below for 2016, he was thrilled. Operating income had improved 50% compared to 2015 on sales growth of 25%.

Sales (units)..

Sales.....

Cost of goods sold.......

Gross margin.

Operating expenses............

Operating income..................................................

2015

8,000 $800.000 640,000

160000 $

50.000

2016

Expected

10,000 $1,000.000 800.000 200.000 137,500 $ 62,500

Actual

10.000 $1.000.000 800.000 125,000 $ 75,000

Ranton has always been an entrepreneur at heart but has no formal training in financial accounting or management accounting. He has always had the bookkeeper prepare annual financial statements.

Required:

1.

2.

Explain the nature of the error made by Ranton when calculating expected operating income for 2016.

Based on the information provided in the case, recalculate the expected results for 2016.

For Ranton's benefit. provide details on the specific items included in operating expenses (advertising, salaries, and commissions). Based on your calculations of the expected results for 2016, are the actual results for 2016 as good as Ranton originally thought? Explain.

1. Review of Ace’s financial reports and information revealed the following:

Sales 2.4 million

Opening inventory                 650,000

Purchase                                    1.1million

Closing inventory                    585,000

Heat, light utilities                   300,000

Employee payroll                    245,000

Executive salary and pension 350,000

EPA fines                                    85,000

Life insurance premiums paid               47,000

Life insurance collected on death of vice-president   500,000

Depreciation expense: GAAP Double declining balance   total for year 85,000

                                          MACRS, including section 179 and special first year, 692,000

Income tax paid    Federal Regular 62,000, AMT 16,000, New York State/City 27,000

Compute income reported for GAAP purposes and taxable income, if different.

Categorize as favorable/unfavorable a differences. Are they timing or permanent differences?

2. Betta Inc. has 100 shares outstanding. As of January 1, 2016 Betta had 200,000 earnings and profits from prior years. On June 30, 2016 Betta paid a dividend of 35 per share to all shareholders. Bob and his three brothers each owned 25 shares of Betta. Each invested $10,000 to start the company and made no further investment in Betta. In November 2016 Bob and his wife got divorced and he needed money to pay her settlement. To raise the cash needed bob sold 10 shares of Betta back to Betta as treasury stock. Betta gave Bob $65,000 in cash and the car he was driving, cost 62,000, fair market value, 38,000, basis $20,000.

On December 31, 2016 when Betta closed its books for the year there was a profit of $10,000.

Compute Bob’s treatment of the money he received and his basis in the remaining shares he owned.

3. Carl and Dan agree to form a partnership on January 2, 2016. Each will get a 50% share of profit. Carl will invest $50,000 ($25,000 in cash and a parcel of land, value today $75,000, cost in 2002 25,000) and Dan will do the necessary accounting and legal work to form the partnership. If Dan did that amount of work for a regular client he would have charged $50,000.

The partnership sold the land for $80,000[JF1] on December 10, 2016.

Profit for 2016 was $10,000. What will each report on their federal tax return?

4. Sales Inc. was a regular C corporation with only 100 shares issued for many years. In 2015 they filed the necessary forms to become an S corporation as of January 1, 2016. At the time they had $500,000 of retained earnings. They had no cash because they had been using all the profit to pay down the mortgages. All shareholders meet the at-risk and active tests for all transactions. Tom bought his 50 shares for 50,000 when Sales was formed in 1996. Vic bought his 25 shares in 2011 for $200,000. Wes bought his 25 shares in 2014 for $350,000. In 2016 Sales made a profit of $900,000. They used the profit to purchase real estate. There were no distributions to shareholders.

What will Tom, Vic and Wes report on their income tax returns for 2016?

[JF1]

Southeast Bank invests in trading securities and prepares quarterly financial statements. At the beginning of the fourth quarter of 2016, the bank held as trading securities 280 shares of Eglan Company common stock that originally cost $7,560. At that time, these securities had a fair value of $7,280. During the fourth quarter, the bank engaged in the following trading securities transactions:

On December 31, 2016, the quoted market prices of the shares were as follows: Eglan Company, $53 per share; Farrell Company, $39 per share; and Gray Company, $41 per share.

Required:

Amount DescriptionsGain on Sale of Trading SecuritiesInvestment in Available-for-Sale SecuritiesInvestment in Trading Securities (at fair value)Investment in Trading Securities (at cost)Loss on Sale of Trading SecuritiesUnrealized Loss on Increase in Value of Trading Securities

Prepare journal entries to record the 2016 transactions for the fourth quarter.

PAGE 1

GENERAL JOURNAL

Show what the bank reports on its fourth quarter 2016 income statement for these trading securities. Additional Instructions

Show how the bank reports these trading securities on its balance sheet at the end of the fourth quarter of 2016. Additional Instructions

Daniel B Butler and Freida C. Butler, husband and wife, file a joint return. The butlers live at 625 Oak Street in Corbin, KY 40701. Dan’s Social Security number is 111‐11‐1112, and Freida’s is 123‐45‐6789. Dan was born on January 15, 1965, and Freida was born on August 20, 1966. During 2016, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home.

a) Gina, their daughter, age 22, a full‐time student, has no income of her own. Gina’s Social Security number is 123‐45‐6788.

b) Sam, their son, age 20, who had gross income of $6,300 in 2016. He graduated from high school in May 2016, Started College in August 2016, then dropped out of college in September 2016. Sam’s Social Security number is 123‐45‐6787.

c) Ben, their oldest son, age 26, is a full‐time graduate student with a gross income of $5,200. Ben’s Social Security number is 123‐45‐6786.

Dan was employed as a manager by WJJJ, Inc. (employer identification number 11‐ 1111111, 604 Franklin Street, Corbin, KY 40702), and Freida was employed as a salesperson for Corbin Realty, Inc. (employer identification number 98‐7654321, 899 Central Street, Corbin, KY 40701). Selected information from the W‐2 Forms provided by the employers is presented below. Dan and Freida use the cash method.

Line Description Dan Freida 1. Wages, tips, other compensation Dan$74,000 Freida $86,000

2. Federal income tax withheld Dan11,000 Freida 12,400 17

3. State income tax withheld Dan 2,960 Freida 3,440

Freida sold a house on December 30, 2016, and will be paid a commission of $3,100 (not included in the $86,000 reported on the W‐2) on the January 10, 2017 closing date.

Before marrying Freida, Dan was married and divorced to Sarah. Under the divorce agreement, Dan is to pay Sarah $500 per month. Dan paid Sarah $5,500 in 2016, his December alimony payment was not made until January of 2017. Sarah’s Social Security number is 123‐45‐6785 The Butlers also had (1) $1,600 in interest income from their savings account, (2) they sold ABC stock on 8/15/2016 for $10,000 (originally purchased for $4,000 on 1/15/2013), and (3) they sold XYZ stock on 10/15/2016 for $3,000 (originally purchased for $4,000 on 12/15/2015). Prepare the 2016 Federal income tax return for the Butlers’. You may work in groups no larger than 3 (i.e. 1, 2, or 3). Submit one tax return per group. Please submit (1) a cover page with a list of students who participated in the group project, (2) Form 1040, (3) calculation of Capital gain (including LT or ST), and (4) calculation of tax.