John is your client and has come to you to prepare his tax return. During the 2018-19 financial year, John disposed of the following assets:

(a) A two-storey residence at Stuart Park which he acquired in May 1991. In 1995 John vacated the premises to work in Japan for three years, during this period the property was rented. Other than the 3 year period, John has lived in the property as his residence. He paid $370,000 to purchase the property and received $840,000 on 27 June 2019, after the real estate agent deducted commissions of $10,000. (b) John acquired BHP shares on 15 July 2018 for $25,000. He sold those shares on 2 May 2019 for $40,000.

REQUIRED:

Calculate John’s Capital Gain, subject to Tax for the year ending 30 June 2019. Provide justification for your calculations using legislation and case law.

In one of Boston’s public parks, mugging in summer months has been a serious issue. A police cadet took a random sample of 10 days and compiled the data. For each day, x represents the number of police officers on duty in the park and y represents the number of reported muggings on that day. A scatter plot has been provided in the following.

1. (a) What information can we learn from the above scatter plot?

2. (b) One wishes to use the linear model for this question. Please specify the theoretical linear model and the common assumptions.

3. (c) Based on the following SAS output, please write out the regression line.

1. (d) Can you predict y value when x = 30? Why or why not?

2. (e) Please construct a 95% confidence interval for the slope.

3. (f) Overall is this model useful? (Please set up hypotheses and report the result from SAS output).

4. (g) Find the sample correlation coefficient.

1. The city collects $1 million of taxes for an independent fire district located within the city.

2. The city spends $1.2 million on street maintenance using the proceeds of a city gas tax dedicated for road and highway maintenance and improvements.

3. The city receives a bequest of $1.5 million. The donor’s will, requires that the principal amount be invested in perpetuity and that the earnings on the investment be used to maintain a city park to be renamed for the donor.

4. The city collects water and sewer fees of $4.2 million.

5. The city pays $4 million to a contractor for work on a new bridge.

6. _The city receives $1.3 million to invest on behalf of the county.

1. The city pays its police officers wages of $325,000.

1. The city pays $2.2 million in bond interest on its general obligation debt.

I want the journal entry for each of the transaction above thank you

1. Describe and state the assumptions and disadvantages of the mark-recapture technique used to quantify population size and density.

2. What are the causes of habitat fragmentation?

3. What factors impact the diversity and density of life-forms in fragmented habit patches?

4. Define each of the 4 different types of meta-populations.

5. Shooting the grey wolves was advocated in the 1930s as a way of increasing the numbers of Dall mountain sheeps in Denali National Park, Alaska. Explain the ecological data that lead to stopping the indiscriminate killing of the grey wolves in the 1950s.

6. In the construction of life tables, vital statistics of a population of life-forms is studied. What art the vital statistics analyzed in order to determine the health status of living populations of animals in nature?

7. Environmentally our earth has changed, is changing and not necessarily for the better. What anthropogenic activities have been involved in bring about global change?

When it comes to interpreting the location quotient the primary question the analyst needs to ask

a.How does the local economy's location quotient compare to that of the US as a whole

b. is the location quotient greater than or less than 100

c. is the location quotient positive or negative

e.Is the location quotient greater than or less than 1

Which one of the following is NOT one of the requirements for a use to be a site's highest and best use?

a. the use must be financially feasible

b. the use must be legally permissible

c. the use must be physically possible

d. the use must be socially optimal

d. Is the location quotient greater than or less than 1?

Which one of the following properties would most likely have to rely primarily on the sales comparision approach for an estimate of its market value?

a. an aaprtment building

b.a ball park

c. a single family home

d. a shopping center

Here’s what happened at ACME Manufacturing Company*:

ACME makes shock absorbers for the Mercedes manufacturing facility and for a few other customers. Two days before the auditors arrived to count ending inventory, the plant manager told the warehouse employees to load four tractor trailers with shock absorbers, lock them and park the trailers on the back lot.   After giving those instructions she said: “If anyone mentions this to the auditors, I will find out who you are and fire you!”   So, no one said a word.

Other facts that you should know:

Mercedes uses Just-in-Time for its inventory system.

ACME's terms for shipping and billing are FOB shipping point, prepaid and add.

Respond to the following:

Why did the manager order employees to hide the inventory?

How does what she did affect the financial statements?

What should the plant accountant do, if anything, about this situation?

In one of Boston’s public parks, mugging in summer months has been a serious issue. A police cadet took a random sample of 10 days and compiled the data. For each day, x represents the number of police officers on duty in the park and y represents the number of reported muggings on that day. A scatter plot has been provided in the following.

1. (a) What information can we learn from the above scatter plot?

2. (b) One wishes to use the linear model for this question. Please specify the theoretical linear model and the common assumptions.

3. (c) Based on the following SAS output, please write out the regression line.

1. (d) Can you predict y value when x = 30? Why or why not?

2. (e) Please construct a 95% confidence interval for the slope.

3. (f) Overall is this model useful? (Please set up hypotheses and report the result from SAS output).

4. (g) Find the sample correlation coefficient.

In one of Boston’s public parks, mugging in summer months has been a serious issue. A police cadet took a random sample of 10 days and compiled the data. For each day, x represents the number of police officers on duty in the park and y represents the number of reported muggings on that day. A scatter plot has been provided in the following.

1. (a) What information can we learn from the above scatter plot?

2. (b) One wishes to use the linear model for this question. Please specify the theoretical linear model and the common assumptions.

3. (c) Based on the following SAS output, please write out the regression line.

1. (d) Can you predict y value when x = 30? Why or why not?

2. (e) Please construct a 95% confidence interval for the slope.

3. (f) Overall is this model useful? (Please set up hypotheses and report the result from SAS output).

4. (g) Find the sample correlation coefficient.

Lucinda Lacy purchased a foreclosed house today for $105,500 by making a down payment of 15% of the purchase price and paying closing costs of:

Loan origination fee                1.7% of purchase price

Appraisal fee                           $325

Survey fee                               210

Attorney’s fee                         420

Processing fee                         300

Escrow fee                              240

Other miscellaneous costs       620

Lucinda has a mortgage loan with an interest rate of 3.9% APR, compounded monthly for 30 years. Her taxes and insurance are $375 per month. Lucinda has an estimate for a contract for $8,500 firm, fixed price to remodel the house and this expense will be equally distributed over the period of her ownership. After remodeling, she estimates that she could sell the house for $135,000. Her selling expenses would be 7% sales commission plus $1000.

- draw the cash flow diagram?

-  manual (handwritten), calculations, including the ball-park method?

- hand calculating not excel?

Which of the following best illustrates the idea of government failure and why? For each of the others, indicate why it does not illustrate the idea of government failure, or if you’d need more information to determine if it does and what information you would want to have. Think about this in terms of government action that works against the attainment of efficient policy.

        a.     A new environmental law raises the cost of coal powered energy production.

        b.    Agricultural farm support payments increase acreage planted thus increase fertilizer use and runoff and decrease water quality.

        c.     A local government builds a new park at a cost of $1.7 million.

7.     (4 points) Are the impacts of a program to control automobile pollution progressively or regressively distributed by income levels? Explain in a way that makes it clear what a progressive or regressive distribution of impacts is. Compare to a program to ensure the quality of public water supply systems for household water supply.