IMTU Corporation (it stand for " Made This Up") had sales last year of $5,500,000. They sell heat shields to place on your lap for stupid McD's customers who insist on placing a cup of hot coffee between their legs. The materials cost $100,000 (that's good) but the labor to put them together costs $1,850,000 (yes they are union and yes the company is looking to move this operation "off-shore" next year but that's beyond the scope of this course). Advertising was just $80,000, as they mostly use word-of-mouth. They did need to raise some money this year. The bank loaned them $250,000 at 6% (that interest is due this year). The interest didn't worry them too much as it was partly off-set by the dividend check they received from McDonalds for $12,000 (hmmmmm - I wonder if there is a conflict of interest here?) Anyway, all things considered, "it was a very good year" so much so they paid their loyal shareholders $65,000 in common stock dividends. OK, given all that, what was their Federal tax bill?
Group of answer choices
Sales = $5,500,000
COGS = 100,000+1,850,000 = 1,950,000
Gross Profit = $3,550,000
Advertising = $80,000
Interest on the loan = $18,000
Income reported on dividends is only 20% due to exclusion. So reported is $1,600.
$3,550,000-80,000-15,000 = $4,455,000
$4,455,000+$3,600 = $4,458,600.
Federal taxable income is $4,458,600.
The actual taxes paid are $2,175,924
Sales = $5,500,000
COGS = 80,000+750,000 = 830,000
Gross Profit = $170,000
Advertising = $80,000
Interest on the loan = $12,000
170,000-50,000-12,000 = 108,000
Federal taxable income is $108,000
The actual taxes paid are $23,306.
Sales = $5,500,000
COGS = 100,000+1,850,000 = 1,950,000
Gross Profit = $3,550,000
Advertising = $80,000
Interest on the loan = $15,000
Income reported on dividends is only 30% due to exclusion. So reported is $3,600.
$3,550,000-80,000-15,000 = $3,455,000
$3,455,000+$3,600 = $3,458,600.
Federal taxable income is $3,458,600.
The actual taxes paid are $1,175,924
Sales = $5,500,000
COGS = 100,000+1,750,000 = 1,750,000
Gross Profit = $3,550,000
Advertising = $80,000
Interest on the loan = $17,000
Income reported on dividends is only 30% due to exclusion. So reported is $2,600.
$3,550,000-80,000-15,000 = $3,455,000
$3,455,000+$2,600 = $1,458,600.
Federal taxable income is $3,458,600.
The actual taxes paid are $1,175,924
In: Accounting
It is required to design a synchronous sequential circuit that
receives two input bit streams X and Y, and detects identical 4-bit
sequences in both X and Y that are non-overlapping. The output Z is
also a bit stream that produces a 1 only after detecting two
identical 4-bit input sequences. Use an asynchronous reset input to
reset the sequential circuit to its initial state.
Example:
X: 001010 110010 0111 1010100 0111
Y: 011010 100010 0111 1000100 0010
Z: 000001 000001 0001 0000001 0000
a) (5 points) Draw a Mealy state diagram of the sequential
circuit.
b) (10 points) Implement your design using a minimal number of
D-type flip flops and combinational logic. Show the K-maps and
write the minimal next state and output equations. Draw the circuit
diagram.
c) (10 points) Write a structural Verilog model that models your
implemented sequential circuit by modeling the D Flip-Flops and
instantiating them and modeling the combinational part using either
assign statement or gate primitives.
d) (10 points) Write a test bench that tests your structural
Verilog model in (c) using the given input sequence. Start by
resetting all flip-flops and then apply the input sequences of X
and Y shown above. Verify that your circuit produces the correct
output by including the generated waveform from simulation.
e) (10 points) Write a behavioral Verilog description that models
your state diagram in part (a).
f) (5 points) Write a test bench that tests your behavioral Verilog
model of part (e). Start by resetting all flip-flops and then apply
the input sequences of X and Y shown above. Verify that your
circuit produces the correct output by including the generated
waveform from simulation.
g) Submit a report (Word or PDF document) that should
contain:
i. The state diagram of your design (part a).
ii. The K-maps, equations, and circuit diagram of your sequential
circuit (part b).
iii. A copy of the Verilog modules and test benches of parts (c) to
(f)
iv. The timing diagrams (waveforms) taken directly as snapshots
from the simulator for
parts (d) and (f).
Take All the time you need.
In: Electrical Engineering
Revised Deadline: December 2
Select a Audit Report on any ONE of the four colleges below by clicking on the link that I have provided.
You will find it quite interesting to see some of the challenges that the various colleges have had in complying with procedures and internal controls.
Write in your own words a 995 word paper on what you have read. Submit your responses here under this thread. Identify clearly the college that you have selected. You do not need to read the entire report for the purposes of this discussion. You can choose to comment on one or more than 1 item of interest. Citations are not necessary. You can use the links below to comment on an older report or visit the website directly for the Maryland State office of Legislative Audits(https://www.ola.state.md.us/ (Links to an external site.)Links to an external site.) and do some navigating to find the latest reports , if you so choose.
1) Baltimore City Community College Operational Audit Report.
http://dlslibrary.state.md.us/publications/OLA/BaltCityCommColl_2010rev.pdf (Links to an external site.) (Links to an external site.) (Links to an external site.) (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site.
2) University of Baltimore Operational Audit Report
http://www.ola.state.md.us/Reports/Fiscal%20Compliance/UB14.pdf (Links to an external site.) (Links to an external site.) (Links to an external site.) (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site.
3) Coppin University Audit Report
http://dlslibrary.state.md.us/publications/OLA/USM/CS_2012.pdf (Links to an external site.) (Links to an external site.) (Links to an external site.) (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site.
4) Morgan University Operational Audit Report
http://dlslibrary.state.md.us/publications/OLA/USM/MSU_2010.pdf (Links to an external site.) (Links to an external site.) (Links to an external site.) (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site.
In: Accounting
Whether in a skilled nursing facility, a private medical practice, a hospital, or a health care company, a health care manager plays an essential role. Health care managers deal with the business side of medicine, providing the support their employers need in order to deliver the best health care available.
Health care administrators are entrusted with numerous major responsibilities which often include; recognizing the trends and challenges in health care delivery, managing human resources, identifying and resolving staffing issues, and motivating employees and managing issues of conflict.
This Assessment has two parts (Part 1 and Part 2) which must be completed:
Part 1
Write an 850-word report that evaluates the role of a health manager in promoting the delivery of health services in one of the following health care settings:
From the perspective of a health manager, the following must be included in the report:
Format the document per APA guidelines. Include at least three scholarly references and in-text citations.
Part 2
Using the provided template complete each section of the chart for the health setting you selected in Part 1. An example is supplied to give an idea of the expectations, do not include the provided example as part of the completed chart assignment.
In: Nursing
Summary:
Brown (1989) stated that “whenever the advance of civilization brought about the necessity of one man being entrusted to some extent with the property of another the advisability of some kind of check upon the fidelity of the former would become apparent.” Thus, as Schleifer and Vishny (1997) argue the need for 'some kind of check' ensures governance mechanisms are needed to make sure that agents do not “steal” or otherwise “misuse” the capital the principals’ supply.
Auditing is one such governance mechanism that serves principals (the company owner) by providing a reasonable assurance that management’s (agent) financial statements are free from material misstatements. And by reducing information asymmetry and agency costs, auditing potentially benefits both the principal and agent (if agent is honest). Merely conducting an audit, however, does not necessarily ensure the agent will 'abuse' their position and extrapolate wealth from the principal. Rather, it is the quality of the audit that will determine the effectiveness of the auditing process as a governance mechanism.
Some researchers (e.g., Holm and Thinggaard, 2014) and regulators (European Commission, 2010) have suggested the quality of the financial statement audit can be enhanced if conducted by more than a single audit firm. Others (e.g., Deng et al., 2014) have disputed this few whilst others have cited other attributes that would enhance the quality of the audit.
Required:
You are required to write an essay (between 1,200 to 1,500 words (excluding references)) addressing the following key points:
(a) Define and describe what is meant by "audit quality".
(b) What is the difference between a 'solo' and 'joint' audit.
(c) Evaluate why a 'joint audit' may or may not enhance audit quality.
(d) Aside from 'joint audit', identify at least four other factors/properties that may influence audit quality, and describe how these factors/properties may influence audit quality.
The essay should be structured properly (e.g., introduction, main body, conclusion) with the appropriate use of sub-headings and referencing. The first page of the essay is to be a cover page with your name, student identification number, the title of the course, the title of your essay and the date submitted. This is essay is to be an individual and original piece of work. If you make reference (i.e., quote, paraphrase) to work undertaken by others then you must accurately reference the source using an appropriate many.
The essay must be submitted only as an MS Word document.
In: Accounting
People who hack into computer systems or use someone else’s bank card, through trial and error, will try to figure out the PIN (personal identification number) or password by using personal information. Because PIN numbers must be easily remembered by the person who uses one of these security devices, people often rearrange numbers or letters that are significant to them and use them as a password or PIN. For instance, someone may use the numbers in their birth date as a PIN number. Some will use initials or an important word in their passwords. Answer the following questions about a person who uses significant personal information for their PIN number.
13th of August, 1987
If they use the numbers 13 and 87 in their PIN, how many different PINs could they have? List all the possible PIN numbers by using a tree diagram to organize your counting. The tree diagram has been started for you, but you must complete it.
Be careful. In this situation, each of the numbers will be used only once.
In: Statistics and Probability
You are the managerial accountant at Reliable Company. You have been assigned to support the marketing department and manage its master budget. The marketing department is responsible for the following:
The department's expenses are as follows:
The sales forecast for its consulting services are as follows:
The department pays a sales commission of 5%, and this is paid in the following month. Subcontractor expenses are estimated at 45% of sales and are paid the month after they are billed. Consulting fees are collected 20% in the month of sale, 70% in the following month, and 10% in the second month following sale.
Refer to the attached schedules.
Develop a master budget for the marketing department.
This task includes the following:
Analyze additional needs and resources based on those budgets. Make recommendations based on those budgets.
Respond to the following for this assignment:
Using the schedule template provided, complete the marketing department’s master budget and schedule of expected cash collections. In a 4-page report, provide your recommendations to support the marketing master budget. Submit both documents to complete the assignment. Please use APA formatting requirements for the word document.
Schedule:
Budget Data:
| Reliable Company Marketing Department Master Budget | |||
| Data | April | May | June |
| Budgeted consulting revenues | $ 190,000 | $ 200,000 | $ 205,000 |
| Less: Sales commissions (5% of sales) | $ 9,500 | $ 10,000 | $ 10,250 |
| Less: Cost of sales (45% of sales) | $ 85,500 | $ 90,000 | $ 92,250 |
| Net consulting revenues | $ 95,000 | $ 100,000 | $ 102,500 |
| Accounts Receivable Collections | |||
| Month of sale | 20% | ||
| Month following sale | 70% | ||
| Second month following sale | 10% | ||
| Monthly Budgeted Expenses | |||
| Salaries and benefits | $ 48,000 | ||
| Web site operations | $ 21,000 | ||
| Online advertising expenses | $ 15,000 | ||
| Other misc. expenses | $ 3,500 | ||
| Accounts Payable Payments | |||
| Month of sale | 40% | ||
| Month following sale | 60% | ||
| Accounts Payable | |||
| Online advertising expenses | $ 15,000 | ||
In: Accounting
Record the current price of the stock for each company you selected in Week 3’s Stock Journal. You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Using MS Excel spreadsheet or MS Word document, put your Week 3 and Week 8 stock prices side-by-side, to show your comparison. Determine the current value of your total investment. Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. Provide your opinion / assessment of your investments. Evaluate the results of your current investment. Are you happy with the result and the trend? Are you upset because you’re investment is worth less than $25,000. Feel free to speculate / guess at why you believe the stock increased, decreased, or remained static. Name Apple Amazon Accenture Reasons for selection I love the products of Apple. I have used its iPhone and iPad and I really like them. They are doing well and will continue to do in future as technology improves and penetration of hand-held devices increases across the globe. I have bought some products online using the platform of this company. My experience was good. Amazon has toppled Microsoft to become the largest company in terms of market capitalization, recently. I am quite sure this company will do quite well as internet penetration improves across the globe. I have heard a lot about the management consulting, technology and outsourcing platforms of Accenture. They have growth platforms quite relevant to the industry. Their advisory services to the client are excellent. The company is nearly debt free and has strong financials. Current Share Price ($), P 152.29 1,640.56 146.23 Amount allocated ($), F 8,000.00 10,000.00 7,000.00 Nos. of shares, M = F / P 52.53 6.10 47.87 Integral nos. of shares, N 53.00 6.00 48.00 Funds actually invested ($) = N x P 8,071.37 9,843.36 7,019.04 Total funds invested ($) 24,933.77 (Sum of above three values, close to 25,000 but not exactly 25,000)
In: Finance
CompTIA Linux+ Guide to Linux Certification (4th Edition)(Please do not do it in a mac and add pictures of the machine.)
Project 2-5 In this hands-on project, you find information about commands using help utilities.
1. Press CtrlþAltþF2 to switch to a command-line terminal (tty2), and then log in to the terminal using the user name of root and the password of LNXrocks!.
2. At the command prompt, type man –k cron and press Enter to view a list of manual pages that have the word “cron” in the name or description. Use Table 2-8 to determine what type of manual pages are displayed. How many manual pages are there for crontab? Are they different types of manual pages? If you do not see any output from the man –k command, run the mandb command to generate the manual pages index.
3. At the command prompt, type man crontab and press Enter to view the manual page for the crontab command. Observe the syntax of the crontab command and press q when finished to quit the manual page and return to your command prompt.
4. At the command prompt, type man 5 crontab and press Enter to view the manual page for the crontab file format. Observe the syntax of the crontab file format and press q when finished to quit the manual page and return to your command prompt.
5. At the command prompt, type info and press Enter to view a list of available GNU info pages. When finished, press q to quit the info utility.
6. At the command prompt, type info date and press Enter to view syntax information regarding the date command, and press q to quit the info utility when finished.
7. At the command prompt, type help to view a list of BASH shell functions that have documentation. If the list is too long for your terminal, press the Shift and Page Up keys simultaneously to shift one page up to view the top of the list. Then press the Shift and Page Down keys simultaneously to shift one page down to view your command prompt again.
8. At the command prompt, type help exit to view information on the exit command, a function of your BASH shell.
9. Type exit and press Enter to log out of your shell.
In: Computer Science
When it comes to communication, the obstacles are many. Two pearls of wisdom to think about when we converse; First, do you realize that every conversation we have is actually an argument? Regardless of the topic, when we speak we’re trying to get the other person to agree with our point of view on the topic. Pay attention during the course of a day’s conversation and see if you agree. Secondly, every time we use the word “but” in a sentence, everything before it was a lie. Again, pay attention to your conversations, and what people are saying to you! Bet you converse a bit differently moving forward.
And since language is the prime topic for this instance, let's take yet another fact in Critical Thinking. this week focused on language. Remember, draw from what you're about to watch for the discussion!
And to this end, below are a number of scenarios that hamper communication. What would you do to solve each?
#1. Failure to Listen
The inability to listen is a huge problem. Often you will see co-workers interrupting speakers or planning what they will say next instead of effectively listening. Other distractions are when team members roll their eyes at comments or just discount their worker’s premise; and still others just forget to pay attention, they are too distracted or have a short attention span. Obviously these all reflect on their failure to listen.
#2. Culture Differences
The office has become a melting pot stocked with people of diverse backgrounds and cultural customs. People tend to “hang" with others familiar to their culture or habits. When these individual groups assemble, managers face the challenges of small group dynamics and team communication issues.
#3. Attitude & Ego
Too often teamwork stops because of someone’s ego. They refuse to admit they might be part of the problem. Conflicts also arise because of inequity, and rather than make the situation more equal, someone becomes defensive instead of taking responsibility.
#4. Focus or Listening Problems
Inability of employees to interpret the information or provide adequate focus leads to team communication issues. The gap in age, the hole left by a boomer generation retiring, and other societal weaknesses make this communication barrier very real.
#5. Cliques, Groups and Friendships
A tight and exclusive grouping of individuals who bond together for one reason or another can be problematic if they are not objective.
In: Psychology