The economist Jeffrey Sachs argues that specific and achievable goals help to develop more effective policy reforms. As an example, he quotes President John F. Kennedy who gave the commencement address at American University in 1963. In that speech, Kennedy said: “By defining our goal more clearly, by making it seem more manageable and less remote, we can help all people to see it, to draw hope from it and to move irresistibly towards it.” Kennedy meant the Limited Nuclear Test Ban Treaty needed to have specific and achievable goals to be effective, and Sachs means that the clarity of the Sustainable Development Goals (SDGs) can help achieve policy reform. How would you use the same idea of specific and achievable goals to think about changes in policy or society in relation to sustainability? Specifically,

1. Justify the relevance of Kennedy’s statement with respect to the UN SDGs with specific references to the role of governments and private corporations.

2. Identify two of the SDGs that you consider important (as they relate to either your local community or to your core values). With the two selected SDGs, evaluate the interdependence of those goals while considering how the funding needs and action plans for the goals are interconnected.

Ex 7. Michael and Greg share an apartment 10 miles from campus. Michael thinks that the fastest way to get to campus is to drive the shortest route, which involves taking several side streets. Greg thinks the fastest way is to take the route with the highest speed limits, which involves taking the highway most of the way but is two miles longer than Michael’s route. You recruit 50 college friends who are willing to take either route and time themselves. After compiling all the results, you found that the travel time for Michael’s route follows a Normal distribution with a mean equal to 30 minutes and a standard deviation equal to 5 minutes. Greg’s route follows a Normal distribution with a mean equal to 26 minutes and a standard deviation of 9.5 minutes. 1)Which route is faster and why? 2)Which route is more reliable and why? 3) Suppose that you leaving home headed for a University exam. Obviously, you don’t want to be late. You are leaving home at 5:15 and the exam is at 6:00 PM. Which route would you take to avoid being late and why? Show your calculations.

Allgood Textiles, Inc. started the year with $200,000 in accumulated earnings and profit. During the year, it earned $75,000 from its business operations, received a $2,000 federal income tax refund, received a $10,000 contribution to capital from its shareholders, paid $13,750 in federal income taxes, and could not deduct $1,000 of its meal expenses. What is the amount of its accumulated earnings and profits at the end of the year?

You have an investment account that started with ​$1 comma 0001,000 1010 years ago and which now has grown to ​$6 comma 0006,000. a. What annual rate of return have you earned​ (you have made no additional contributions to the​ account)? b. If the investment account earns 16 %16% per year from now​ on, what will the​ account's value be 1010 years from​ now?

Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2017 rates were used for FUTA and SUTA.

Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

Example 5-1

Parlone Company has paid wages of $4,000 to an employee in State A. During the year, the employee is transferred to State B, which has a $7,000 taxable salary limitation for its state unemployment tax. The company has a credit of $4,000 against this $7,000 limit. Thus, the company has to pay State B's unemployment tax on only the next $3,000 of wages earned by that worker in State B during the remainder of the calendar year.

In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Ohio. The company's SUTA tax rates based on its experience ratings are 3.2% in Nebraska and 3.8% in Ohio. Both states base the tax on the first $9,000 of each employee's earnings. This year, Freeman Steel Company paid Herb Porter wages of $19,500; $3,000 were paid in Nebraska and the remainder in Ohio. Compute the following: round your answers to the nearest cent.

a. Amount of SUTA tax the company must pay to Nebraska on Porter's wages
$________

b. Amount of SUTA tax the company must pay to Ohio on Porter's wages
$________

c. Amount of the net FUTA tax on Porter's wages
$_________

Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2018 rates were used for FUTA and SUTA.

Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers.

Example 5-1

Parlone Company has paid wages of $4,000 to an employee in State A. During the year, the employee is transferred to State B, which has a $7,000 taxable salary limitation for its state unemployment tax. The company has a credit of $4,000 against this $7,000 limit. Thus, the company has to pay State B's unemployment tax on only the next $3,000 of wages earned by that worker in State B during the remainder of the calendar year.

In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Michigan. The company's SUTA tax rates based on its experience ratings are 3.2% in Nebraska and 3.8% in Michigan. Both states base the tax on the first $9,000 of each employee's earnings. This year, Freeman Steel Company paid Herb Porter wages of $20,900; $2,800 were paid in Nebraska and the remainder in Michigan. Compute the following:

Round your answers to the nearest cent.

a. Amount of SUTA tax the company must pay to Nebraska on Porter's wages
$

b. Amount of SUTA tax the company must pay to Michigan on Porter's wages
$

c. Amount of the net FUTA tax on Porter's wages
$

PLEASE GIVE ANSWER QUICKLY!

Sailors Incorporation. a freight forwarder, a well-established company. The owner of the company Jack is interested in drawing certain figures regarding the performance of the company.
The following accounts and their balances were extracted of the Sailors Inc., a freight forwarder, at December 31, 2009 the end of current fiscal year:
Rs.
3% cumulative preferred stock, Rs.100 par value 15, 00,000
Paid in capital in excess of par (preferred stock) 1, 80,000
Common stock Rs.10 par 6, 75,000
Paid in capital in excess of par (common stock) 1, 25,000
Retained earnings 21, 06,500
There are 5, 00,000 shares authorized for common stock 67,500 shares issued ,and 50,000 shares authorized for cumulative preferred stock 15, 000 shares issued.

Required:
Use the above information to answer questions from (a) to (e). Follow all the steps for calculation
a) If company declared total cash dividend of $70,000. Calculate dividend per share of preferred stock as well as common stock
b) If company declared stock dividend of 10% when market value was Rs. 12. Calculate total monetary value of such dividend.
c) If company earned net income of Rs.5, 00,000. Calculate EPS.
d) Prepare stock holders equity section of balance sheet December 31, 2009.
e) Calculate Book value/share of common stock. Company did not declare dividend for 1 full year

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. (For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.) Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $45.00 per unit Feb. 10 Purchase 400 units @ $42.00 per unit Mar. 13 Purchase 200 units @ $27.00 per unit Mar. 15 Sales 800 units @ $75.00 per unit Aug. 21 Purchase 100 units @ $50.00 per unit Sept. 5 Purchase 500 units @ $46.00 per unit Sept. 10 Sales 600 units @ $75.00 per unit Totals 1,800 units 1,400 units Required 1.Compute cost of goods available for sale and the number of units available for sale. 2.Compute the number of units in ending inventory. 3.Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.) Check (3) Ending inventory: FIFO, $18,400; LIFO, $18,000; WA, $17,760 4.Compute gross profit earned by the company for each of the four costing methods in part 3. (4) LIFO gross profit, $45,800

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Jan.

1

Beginning inventory

540

units

@ $40 per unit

Feb.

10

Purchase

320

units

@ $36 per unit

Mar.

13

Purchase

100

units

@ $24 per unit

Mar.

15

Sales

650

units

@ $85 per unit

Aug.

21

Purchase

120

units

@ $45 per unit

Sept.

5

Purchase

520

units

@ $41 per unit

Sept.

10

Sales

640

units

@ $85 per unit

Totals

1,600

units

1,290

units

    
Required:
1. Compute cost of goods available for sale and the number of units available for sale.

2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.)

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places.)

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Jan.

1

Beginning inventory

600

units

@ $60 per unit

Feb.

10

Purchase

480

units

@ $57 per unit

Mar.

13

Purchase

120

units

@ $42 per unit

Mar.

15

Sales

785

units

@ $80 per unit

Aug.

21

Purchase

180

units

@ $65 per unit

Sept.

5

Purchase

470

units

@ $63 per unit

Sept.

10

Sales

650

units

@ $80 per unit

Totals

1,850

units

1,435

units

Required:
1. Compute cost of goods available for sale and the number of units available for sale.

2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 380 from the February 10 purchase, 120 from the March 13 purchase, 130 from the August 21 purchase, and 205 from the September 5 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places.)

5. The company’s manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager?