Use the following information to answer the next three questions:

During the first pay period of 2019, Ashley had earned a total of $2k from working at Cooper Consulting, LLC. Ashley elected to have $200 withheld for federal income taxes, $50 for state income taxes and 7.65% for FICA taxes were applied to the first $139k of earnings. State and federal unemployment taxes for the period are $100 and $125, respectively.

1. What was Ashley’s Net Pay for the pay period? Please label each line item in the calculation of net pay

Provide answer towards the bottom of the answer sheet

2. What journal entry would Cooper Consulting, LLC. record for Wage Expense for the pay period?

Provide answer towards the bottom of the answer sheet

3. What journal entry would Cooper Consulting, LLC. record for Payroll Tax Expense for the pay period?

Your firm is considering a project that would require purchasing $7.5 million worth of new equipment. Determine the present value of the depreciation tax shield associated with this equipment if the​ firm's tax rate is 20% using the alternative depreciation methods below. Note that because the depreciation tax shield is essentially a riskless cash flow​ (assuming the​ firm's tax rate remains​ constant), the appropriate cost of capital to evaluate the benefit from accelerated depreciation is the​ risk-free rate; assume this rate is 8% for all maturities.

a.​ Straight-line over a​ 10-year period, with the first deduction starting in one year.

b.​ Straight-line over a​ five-year period, with the first deduction starting in one year.

c. Using MACRS depreciation with a​ five-year recovery period and starting immediately.

d.​ 100% bonus depreciation​ (all the depreciation expense occurs when the asset is put into​ use, in this case​ immediately).

Your firm is considering a project that would require purchasing $7.7 million worth of new equipment. Determine the present value of the depreciation tax shield associated with this equipment if the​ firm's tax rate is 20% using the alternative depreciation methods below. Note that because the depreciation tax shield is essentially a riskless cash flow​ (assuming the​ firm's tax rate remains​ constant), the appropriate cost of capital to evaluate the benefit from accelerated depreciation is the​ risk-free rate; assume this rate is 9% for all maturities.

a.​ Straight-line over a​ 10-year period, with the first deduction starting in one year.

b.​ Straight-line over a​ five-year period, with the first deduction starting in one year.

c. Using MACRS depreciation with a​ five-year recovery period and starting immediately.

d.​ 100% bonus depreciation​ (all the depreciation expense occurs when the asset is put into​ use, in this case​ immediately).

You have just turned 22 years​ old, received your​ bachelor's degree, and accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as​ follows: Every dollar in the plan earns 6.9 % per year. You cannot make withdrawals until you retire on your 65th birthday. After​ that, you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work until you turn 65.

You estimate that to live comfortably in​ retirement, you will need $115,000 per​ year, starting at the end of the first year of retirement and ending on your 100th birthday. You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your​ retirement?

Your firm is considering a project that would require purchasing $7.8 million worth of new equipment. Determine the present value of the depreciation tax shield associated with this equipment if the​ firm's tax rate is 20% using the alternative depreciation methods below. Note that because the depreciation tax shield is essentially a riskless cash flow​ (assuming the​ firm's tax rate remains​ constant), the appropriate cost of capital to evaluate the benefit from accelerated depreciation is the​ risk-free rate; assume this rate is 10% for all maturities. a.​ Straight-line over a​ 10-year period, with the first deduction starting in one year.

b.​ Straight-line over a​ five-year period, with the first deduction starting in one year.

c. Using MACRS depreciation with a​ five-year recovery period and starting immediately.

d.​ 100% bonus depreciation​ (all the depreciation expense occurs when the asset is put into​ use, in this case​ immediately).

Suppose that we are interested in learning about the level of fan support for the UNCG women's basketball team. We are considering different sampling strategies for choosing a sample of individuals to survey. From the following list select which strategies will most likely lead to an unbiased estimate of the overall fan support.

Group of answer choices

1. Survey the first 300 fans to arrive at the game.

2. Assume that the tickets are numbered on both ends with the same number. As the fans come in the door, we tear the ticket and place one half in a hat and once the game has started, we draw out 50 tickets at random and survey the holders of those tickets.

3. Select 500 fans who are wearing Blue and Gold

4. Survey the first 200 fans to leave the game.

5. Using a random number generator chose a sample of 100 fans from a list of ticket holders.

We are sending a MP3 file of 300,000 bits from Host A to Host B. Host A and B are each connected to a switch S via 100 Mbps links. Assume that each link introduces a propagation delay of 10 µs (microsecond). Calculate the total transfer time of the entire file (from first bit sent to last bit received) for the following:

1. Suppose the MP3 file is sent as one message. S is a store-and-forward device; it begins retransmitting immediately after it has finished receiving the packet.
2. Suppose that the MP3 file is broken into 6 packets, each of 50,000 bits. S is a store-and-forward device; it begins retransmitting immediately after it has finished receiving the packet.
3. Suppose that the MP3 file is broken into 6 packets, each of 50,000 bits. S implements ‘cut-through” switching: It is able to begin retransmitting the packet after the first 500 bits have been received.

**JAVA**

Create a Linked List and conduct the following operations. Portion of the program is given.

The operations are:

1. Add an “H” to the list
2. Add an “I” to the list
3. Add “100” to the list
4. Print the content of the list and its size
5. Add a “H” to the first place of the list
6. Add a “R” to the last place of the list
7. Get the element of position 3 and print it
8. Get the last element and print it
9. Add an “U” to the list
10. Add a “?” to the list
11. Remove the element of position 5
12. Get and print the element of position 5
13. Remove the element of first place and print the element
14. Print the content of the list and its size

Partial program is:

import java.util.*;

public class LinkedListDemo{

public static void main(String[] args){

LinkedList <String> link = new LinkedList<String>();

    link.add(" "); //add something here

    link.add(" "); //add something here

    System.out.println("The contents of array is" + link);

    System.out.println("The size of an linkedlist is" + link.size());

//add your code

//end your code

}

}

21. Under the Uniform Commercial Code (UCC), an express warranty may be created by a Seller showing a sample of a particular item to a Buyer, and the Buyer relying on that sample to make a purchase decision. T/F

22. Which one of the following warranties only applies if the Seller is a Merchant?

a. Express warranties

b. Implied warranty of fitness for a particular purpose

c. Implied warranty of merchantability

d. Implied warranty of good title

e. None of the above  

23. Hui is a student at M College. She has two laptop computers, and decides she only needs one. She puts an advertisement out on one of the Laney College bulletin boards, offering to sell one of the laptops for half of what she bought it for - just $1,000, and indicating that the price would be good until 5 pm on March 1, 2019. Dan sees the ad, and calls Hui at noon on March 1, and tells Hui that he wants to buy Hui's computer, at the price shown on the bulletin board. Hui tells Dan that Hui has changed her mind – she is not going to sell it at the $1,000 after all - Hui wants $1,300 now. Dan threatens to take Hui to court - claiming that this situation is covered by the "firm offer rule." Is Hui's advertisement covered by the firm offer rule of the UC? This is the first time Hui has ever tried to sell a computer.
a. yes - because the ad was in writing         

b. yes - because Hui qualifies as a merchant
c. no - because the ad was in writing

d. no - because Hui qualifies as a merchant

e. no - because Hui is not a merchant

24. On Saturday, Serena writes a check for $500 to Sam, to buy Sam’s I-Phone. Sam’s bank has already closed, and he won’t be able to deposit the check until Monday, but he needs cash for a date that night. Sam calls around to his friends for help – offering to sell Serena’s check in exchange for cash. Finally, Philip, a friend-of-a-friend offers to pay Sam $400 for the check. Sam is not happy about the price, but he is desperate for cash, so he accepts the $400, and endorses the check over to Philip. When Philip takes the check to Serena’s bank on Monday, to cash it, how much will he get for it?
a. the $400 he paid to Sam. Serena’s bank will send the other $100 to Sam.

b. the full $500 that Serena wrote the check for. Sam will have a good legal claim for $100 from Sam.

c. the full $500 that Serena wrote the check for. Sam has no rights to any of this.

25. We would classify an automobile as what kind of property?
a. tangible real property

b. tangible personal property

c. intangible personal property