Note: Use the Tax Tables to calculate the answers to the problems listed.

Determine the income tax to withhold from the biweekly wages of the following employees (wage-bracket):

If your answer is zero, please enter "0".

1- Karen Overton (single, 0 allowances), $900 wages: ?

2- Nancy Haller (married, 4 allowances), $1,000 wages: ?

3- Alan Glasgow (married, 1 allowance), $980 wages: ?

4- Joseph Kerr (single, 4 allowances), $720 wages: ?

5- Ginni Lorenz (single, 1 allowance), $580 wages: ?

This problem is going to use the data set in R called "ChickWeight" that has 4 variables, as described below.

ChickWeight:
A data frame with 578 observations on 4 variables.
1) weight: a numeric vector giving the body weight of the chick (gm).
2) Time: a numeric vector giving the number of days since birth when the measurement was made.
3) Chick: an ordered factor with levels 18 < ... < 48 giving a unique identifier for the chick. The ordering of the levels groups chicks on the same diet together and orders them according to their final weight (lightest to heaviest) within diet.
4) Diet: a factor with levels 1, ..., 4 indicating which experimental diet the chick received.

Using a significance level of 0.05, is there evidence to support that the weight can be determined by the Time (treatment) and Diet (block)?

Fill in the R code below.

dat.aov=aov( ~ factor( ) +  ,data= )
summary( )

Fill in the ANOVA table below.
Type the values into the table EXACTLY as they appear in your output in R.

Is there evidence to support that the treatment variable Time is significant?
1. ?0:?1=?2=...=?12H0:μ1=μ2=...=μ12 vs ??:????Ha:ALOI
2. ?=0.01α=0.01
3. F =  
4. ??Fα =  
5. Conclusion:
Reject H0
Fail to reject H0
Interpretation:
There is sufficient evidence to support that the variable Time is significant.
There is not sufficient evidence to support that the variable Time is significant.

Is there evidence to support that the block variable Diet is significant?
1. ?0:H0: No block effect vs ??:Ha: There is a block effect
2. ?=0.01α=0.01
3. F =  
4. ??Fα =  
5. Conclusion:
Reject H0
Fail to reject H0
Interpretation:
There is sufficient evidence to support that the variable Diet is significant.
There is not sufficient evidence to support that the variable Diet is significant.

This problem is going to use the data set in R called "ChickWeight" that has 4 variables, as described below.

ChickWeight:
A data frame with 578 observations on 4 variables.
1) weight: a numeric vector giving the body weight of the chick (gm).
2) Time: a numeric vector giving the number of days since birth when the measurement was made.
3) Chick: an ordered factor with levels 18 < ... < 48 giving a unique identifier for the chick. The ordering of the levels groups chicks on the same diet together and orders them according to their final weight (lightest to heaviest) within diet.
4) Diet: a factor with levels 1, ..., 4 indicating which experimental diet the chick received.

Using a significance level of 0.05, is there evidence to support that the weight can be determined by the Time (treatment) and Diet (block)?

Fill in the R code below.

dat.aov=aov( ~ factor( ) +  ,data= )
summary( )

Fill in the ANOVA table below.
Type the values into the table EXACTLY as they appear in your output in R.

Is there evidence to support that the treatment variable Time is significant?
1. ?0:?1=?2=...=?12H0:μ1=μ2=...=μ12 vs ??:????Ha:ALOI
2. ?=0.01α=0.01
3. F =  
4. ??Fα =  
5. Conclusion:
Reject H0
Fail to reject H0
Interpretation:
There is sufficient evidence to support that the variable Time is significant.
There is not sufficient evidence to support that the variable Time is significant.

Is there evidence to support that the block variable Diet is significant?
1. ?0:H0: No block effect vs ??:Ha: There is a block effect
2. ?=0.01α=0.01
3. F =  
4. ??Fα =  
5. Conclusion:
Reject H0
Fail to reject H0
Interpretation:
There is sufficient evidence to support that the variable Diet is significant.
There is not sufficient evidence to support that the variable Diet is significant.

Whitelands, Inc. had $100 of cash and shareholders’ equity as the result of its initial sale of stock on January 1, 2012. During its first month of operations, Whitelands had the following operating transactions: Date Transaction 1/1 Paid $24 cash in advance to rent a store for one year 1/1 Purchased 2 units of inventory on credit costing $4 each 1/3 Purchased 3 units of inventory on credit costing $5 each 1/10 Purchased 4 units of inventory on credit costing $6 each 1/21 Paid for the January 1 inventory purchase 1/23 Paid for the January 3 inventory purchase 1/30 Sold 7 units of inventory at $10 each on credit 1/30 Matched the inventory cost to January 30 sales on a FIFO basis 1/31 Estimated that 10% of credit sales will not be realized in cash 1/31 Adjusted the prepaid rent account Required: 1. Record the journal entries for the above transactions. 2. Present Whitelands’ income statement for January 2014. 3. Report Whitelands’ balance sheet on January 31, 2014. 4. Close the revenue and expense accounts to retained earnings.  

On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $44,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 390,000 units. Actual annual production was as follows: Year Units 1 117,000 2 85,800 3 107,250 4 79,950 Required:

a. Calculate depreciation expense under the Straight-line method for Years 1 to 4.

b. Calculate depreciation expense under the Units-of-production method for Years 1 to 4.

c. Complete a depreciation schedule under the Double-declining-balance method.

Check that the following differential equation is not exact. Find an integrating factor that makes it exact and solve it.

ydx + (3 + 3x-y) dy = 0

__

Solve the initial value problem:

(cos xsen x-xy ^ 2) dx + (1-x ^ 2) ydy = 0 if y (0) = 2

__

Solve the initial value problem:

y ^ (2) cosx dx + (4 + 5ysenx) dy = 0; y (π / 2) = 1

Your company is considering a project with an initial outlay of $10,000 in year zero and the following cash flows over the next 4 years:

Assuming cost of capital is 11%:

1)  The project's Modified Internal Rate of Return is:

Fe(NO3)3+KSCN ---- FeSCN^2+KNO3

the assumption was made that all of the SCN^- which had been added to the standard solutions had been converted to FeSCN^2+.

Is this assumption reasonable. Explain considering the initial concentration of SCN- relative to that of Fe3+ in each sample

Entries for Installment Note Transactions

On January 1, Year 1, Bryson Company obtained a $19,000, four-year, 11% installment note from Campbell Bank. The note requires annual payments of $6,124, beginning on December 31, Year 1.

a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4.

Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Notes Payable column either up or down to ensure that the Carrying Amount zeroes out.

b. Journalize the entries for the issuance of the note and the four annual note payments.

Note: For a compound transaction, if an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payable up or down to ensure that debits equal credits.

c. How will the annual note payment be reported in the Year 1 income statement?
of $ would be reported on the income statement.