-Kathy is 60 years of age and self-employed. During 2018 she reported $100,000 of revenues and $40,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)

A) $11,152.

B) $17,152.

C) $12,000

D) $55,000.

-Kathy is 60 years of age and self-employed. During 2018 she reported $500,000 of revenues and $100,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)

A) $55,000.

B) $61,000.

C) $77,337.

D) $369,400.

You have just turned 22 years​ old, received your​ bachelor's degree, and accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as​ follows: Every dollar in the plan earns 6.9 % per year. You cannot make withdrawals until you retire on your 65th birthday. After​ that, you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work until you turn 65.

You estimate that to live comfortably in​ retirement, you will need $115,000 per​ year, starting at the end of the first year of retirement and ending on your 100th birthday. You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your​ retirement?

1. You are currently saving for your child's college education. The current cost of college is $10,000 a year. You expect that college costs will continue to increase at a rate of 5 percent a year. Your child is scheduled to begin attending a four-year college 10 years from now (i.e., college payments will be made at t=10, t=11, t=12, and t=13). You currently have $25,000 in an account which earns 6 percent after taxes. You would like to have all of the necessary savings by the time your child enters college, and you would like to contribute a constant amount at the beginning of each of the next 10 years in order to provide the necessary amount. (You want to make 10 equal contributions starting in Year 0 and ending at Year 9.) How much should you contribute to the account each year in order to fully provide for your child's education?

1. Below are pre-adjusted balances for Snorlax Corp. as of 12-31-19:
   1. Accounts Receivable: $100,000 (debit)
   2. Allowance for Bad Debts: $12,000 (debit)

On 12-31-19, Snorlax applies the Percentage of Receivables method and estimates that 15% of their receivables will be uncollectible. 2019 write-offs (recorded prior to 12-31-19) totaled $20,000.  

1. What will Snorlax report as “Accounts Receivable, net” on their 2019 balance sheet? To receive any credit, you must show your work.

2. What will Snorlax report as “Bad Debt Expense” on their 2019 income statement? To receive any credit, you must show your work.

2. Suppose that Snorlax’s average collection period increased from 45 days in 2018 to 60 days in 2019.

1. Provide an example of how Snorlax’s credit policies could contribute to this increase.

2. Provide an example of how earnings manipulation could contribute to this increase.

1. While emotional intelligence is considered an important and desirable quality in employees, discuss the ways in which emotional intelligence may be used in unscrupulous or unethical ways. For example, imagine you are running a Ponzi scheme similar to the one Bernie Madoff created and ran. How would social awareness, relationship management, self-awareness, and self-management benefit your efforts to swindle people and foundations? Rank the usefulness of each of the four dimensions of IE.

2. To what extent can organizational commitment and employee engagement contribute to a successful organization? Do situations exist where organizational commitment and employee engagement are counterproductive to organizational success?

3. what factors contribute to your own level of stress. Under what circumstances are you most likely to experience eustress? Under what circumstances are you most likely to experience distress? Do individual personalities play a role in how people experience stress?  

Marigold Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year.

The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Here are the three activity cost pools and related information she developed:

(a1)

Compute the activity-based overhead rates for each of the three cost pools. (Round overhead rate for supervision to 2 decimal places, e.g. 0.38.)

Find The total overhead cost assigned to commercial and Residential

Find The operating income for commercial and residential

1.Tom produces commemorative t-shirts in a competitive market.  If Tom decides to decrease his output, this will

2. Exiting decisions are long-run decisions.

a.True

b.False

3. If a firm observes that the price of its product is above average variable cost, it would choose to continue to produce the good in the short run, even if that firm experiences economic losses.

a.True

b.False

4. In a perfectly competitive market there

5. Which of the following is a characteristic of a competitive market?

Cornwell Construction Company has been operating in Pennsylvania for a
Cornwell Construction Company has been operating in Pennsylvania for a number of years. During 2019, the firm contracted with the Borough of Lewisburg to build a domed sports complex. Cornwell estimated that it would take three years to complete the facility at a total cost of $25 million. The total contract price was $30 million. During 2019, construction costs of $8 million were incurred related to the sports complex; estimated additional costs to complete the project were $16 million as of December 31, 2019. Contract billings through December 31, 2019, were $9 millions of which the Borough of Lewisburg had paid $7.5 million

1. Determine the amount of revenue and income to be recognized by Cornwell Construction on the sports complex for the year ended December 31, 2019, assuming it recognizes revenue over time and uses costs incurred to measure the extent to which its performance obligation has been satisfied.

2. Determine the amount of revenue and income to be recognized by Cornwell Construction on the sports complex for the year ended December 31, 2019, assuming it recognizes revenue at a point in time when control of the completed complex is transferred to the Borough of Lewisburg

3. How should Cromwell determine which of the two approaches is appropriate?

(Marketing in Healthcare)

You have just been hired as the Executive Vice President of Sales and Marketing for a national HMO company that until recently was very successful (both revenue and profit growth) selling traditional HMO plans as its only product. During the last two years, revenue and profits declined, and new sales have slowed dramatically. The Board and CEO of the company recruited you to help the company achieve a strategic goal of 15% growth in revenue and profits each year for the next five years.

a.What stage of the product life cycle are HMO products experiencing in

b. Given the answer to (1) above, name three strategies, with specific examples, that you could suggest modifying the HMO’s life cycle for your new company.

c. Given your answer to (1) above, what is the appropriate marketing mix strategy, by each component, for the company to follow with its HMO product?

d. One of the first things the Board and CEO want you to do is to revise the company’s strategic plan. The Board’s directive is to develop strategies to meet the revenue and profit goals. In order to do this you must develop a SWOT analysis. Outline all the factors you will assess in order to develop the proper SWOT.

Chapter 13

1) Describe the general types of barriers.

2) Competition keeps prices lower for consumers. So why do we have patent laws?

3) What is the relationship between the marginal revenue curve and the demand curve for a single-price monopolist?

4) "A profit-maximizing monopoly never produces an output in the inelastic range of its demand curve." True or false? Explain.