22 a

Assume the following S corporations and gross receipts, passive investment income, and corporate E&P. Will any of these corporations have its S election terminated due to excessive passive income? If so, in what year? All became S corporations at the beginning of year 1. (Leave no answer blank. Select "NA" if no effect.)

a. Clarion Corp.

b. Hanson Corp.

c. Tiffany Corp.

d. Jonas Corp.

would the S election be terminated?when?

Randomly generate 0, 1, or 2 in a 100 by 100 2d array.
For each entry in the 2d array, count the number of 0’s and 1’s in the surrounding entries.
Save the result in two 2d arrays: one for the number of 0’s, one for the number of 1’s.
For example:
0   0   1
2   1   0
0   0   0

The number of 0’s for a[0][0] is 1; the number of 1’s for a[0][0] is 1;
The number of 0’s for a[0][1] is 2; the number of 1’s for a[0][1] is 2;
The number of 0’s for a[0][2] is 2; the number of 1’s for a[0][2] is 1;
The number of 0’s for a[1][0] is 4; the number of 1’s for a[1][0] is 1;
The number of 0’s for a[1][1] is 6; the number of 1’s for a[1][1] is 1;
The number of 0’s for a[1][2] is 3; the number of 1’s for a[1][2] is 2;
The number of 0’s for a[2][0] is 1; the number of 1’s for a[2][0] is 1;
The number of 0’s for a[2][1] is 3; the number of 1’s for a[2][1] is 1;
The number of 0’s for a[2][2] is 2; the number of 1’s for a[2][2] is 1;

1. Find the closed formula solution to each of the following recurrence relations with the given initial conditions. Use an iterative approach and show your work! What is a100 ?

1. an=an-1+2, a0=3
2. an=an-1+2n+3, a0=4
3. an=2an-1-1, a0=1
4. an=-an-1, a0=5

2.) Solve this question by hand:

Develop a regression model to predict selling price based on the square footage. Find the value of beta(regression coefficient), coefficient of determination. Test for the significance of the model at 5% level. You must report the test statistic, it's corresponding significance value and the critical value that corresponds to 5%. (You can find a table of the relevant distribution by a google search)

6.15 LAB: JavaScript arrays

Write the function divideArray() in script.js that has a single numbers parameter containing an array of integers. The function should divide numbers into two arrays, evenNums for even numbers and oddNums for odd numbers. Then the function should sort the two arrays and output the array values to the console.

Ex: The function call:

var nums = [4, 2, 9, 1, 8];
divideArray(nums);

produces the console output:

Even numbers:
2
4
8
Odd numbers:
1
9

The program should output "None" if no even numbers exist or no odd numbers exist.

Ex: The function call:

var nums = [4, 2, 8];
divideArray(nums);

produces the console output:

Even numbers:
2
4
8
Odd numbers:
None

Hints: Use the push() method to add numbers to the evenNums and oddNums arrays. Supply the array sort() method a comparison function for sorting numbers correctly.

To test your code in your web browser, call divideArray() from the JavaScript console.

Parker Products manufactures a variety of household products. The company is considering introducing a new detergent. The company's CFO has collected the following information about the proposed product. (Note: You may or may not need to use all of this information, use only the information that is relevant.) · The project has an anticipated economic life of 4 years. · The company will have to purchase a new machine to produce the detergent. The machine has an up-front cost (t = 0) of $2 million. The machine will be depreciated on a straight-line basis over 4 years (that is, the company's depreciation expense will be $500,000 in each of the first four years (t = 1, 2, 3, and 4). The company anticipates that the machine will last for four years, and that after four years, its salvage value will equal zero. · If the company goes ahead with the proposed product, it will have an effect on the company's net operating working capital. At the outset, t = 0, inventory will increase by $440,000 and accounts payable will increase by $140,000. At t = 4, the net operating working capital will be recovered after the project is completed. · The detergent is expected to generate sales revenue of $2 million the first year (t = 1), $3 million the second year (t = 2), $4 million the third year (t = 3), and $4 million the final year (t = 4). Each year the operating costs (not including depreciation) are expected to equal 60 percent of sales revenue. · The company's interest expense each year will be $400,000. · The new detergent is expected to reduce the after-tax cash flows of the company's existing products by $200,000 a year (t = 1, 2, 3, and 4). · The company's overall WACC is 10 percent. However, the proposed project is riskier than the average project for Parker; the project's WACC is estimated to be 12 percent. · The company's tax rate is 40 percent. Estimate the project net cash flows. Make sure to put the cash flows in order: CF0 in box 1, CF1 in Box 2, CF2 in Box 3, etc. Round it to a whole dollar, and do not include the $ sign. In box 6 (last one), compute the project's NPV. Round it to a whole dollar, and do not include the $ sign.

Larkspur Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.

Compute cost of goods sold, assuming Larkspur uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)  

Average-cost per unit $

Cost of goods sold

(a) Periodic system, FIFO cost flow $

(b) Perpetual system, FIFO cost flow $

(c) Periodic system, LIFO cost flow $

(d) Perpetual system, LIFO cost flow $

(e) Periodic system, weighted-average cost flow $

(f) Perpetual system, moving-average cost flow $

Wildhorse Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.

Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)

eTextbook and Media

Compute cost of goods sold, assuming Wildhorse uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.)