Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $68,400. Meg works part time at the same university. She earns $33,400 a year. The couple does not itemize deductions. Other than salary, the Comers’ only other source of income is from the disposition of various capital assets (mostly stocks).

a. What is the Comers’ tax liability for 2020 if they report the following capital gains and losses for the year?

b. What is the Comers’ tax liability for 2020 if they report the following capital gains and losses for the year?

On December 31, 2017, University Security Inc. showed the following:

*All of the shares had been issued early in 2016.

Required:
Part 1:
Calculate book value per common share and preferred share at December 31, 2017, assuming no dividends were declared for the years ended December 31, 2016 or 2017, and that the preferred shares are:

a. Cumulative. (Round the final answers to 2 decimal places.)    
1.common share -

2 preferred shares -

find book valur in context to both


b. Non-cumulative. (Round the final answers to 2 decimal places.)

1.common share -

2 preferred shares -

find book valur in context to both

Part 2:
Calculate book value per common share and preferred share at December 31, 2017, assuming total dividends of $91,000 were declared and paid in each of the years ended December 31, 2016 and 2017, and that the preferred shares are:

c. Cumulative. (Round the final answers to 2 decimal places.)    

1.common share -

2 preferred shares -

find book valur in context to both

d. Non-cumulative. (Round the final answers to 2 decimal places.)   

1.common share -

2 preferred shares -

find book valur in context to both

3. The University Secretary wants to determine how University grade point average, GPA (highest being 4.0) of a sample of students from the University depends on a student’s high school GPA (HS), age of a student (A), achievement test score (AS), average number of lectures skipped each week (S), gender of a student (where M=1 if a student is male or 0 otherwise), computer or PC ownership of a student (where PC=1 if a student owns a computer or 0 otherwise), the means of transport to school (drive, bicycle or walk; where D=1 if a student drives to campus or 0 otherwise, B=1 if a student bicycles to campus or 0 otherwise), and finally, the subject major of the student (finance, human resource, marketing and accounting; where F=1 if a student majors in finance or 0 otherwise, HR=1 if a student majors in human resource or 0 otherwise, MR=1 if a student majors in marketing or 0 otherwise). Use the correlation matrix and dummy regression output to answer the questions.

1. Which 2 pairs of variables are most correlated with the regress and?
2. Which 3 pairs of variables are mostly multicollinear?
3. Identify 3 pairs of variables that are most correlated.

ABC Apartments is a 300-unit complex near Fairway University that attracts mostly university students. The manager has collected the following data and wants to project the number of units leased in Semester 9 using simple linear regression. Here is the information that has been collected:

In answering these questions, you must identify and use the correct independent and dependent variables.

a) The apartment manager wants to forecast the Number of Units Leased as a function of time. What is the linear regression relationship the manager should use and what is the forecast for the Number of Units Leased for Semester 9?

b) Suppose the manager believes that the Number of Units Leased is a function only of University Enrollment. It is believed that there will be a one semester lag between the enrollment and the units leased. In other words, the number of units leased in a semester is a function of the university enrollment in the prior semester. What is the linear regression relationship the manager should use and what is the forecast for the Number of Units Leased for Semester 9?

c) Suppose the manager believes that the Number of Units Leased is a function only of the Average Lease Price for that semester. What is the linear regression relationship the manager should use and what is the forecast for the Number of Units Leased for Semester 9 if the average lease price for that semester is $450?

d) Considering the strength of each of the relationships that you found in parts a) through c), would you use any of these to forecast the Number of Units Leased for Semester 9? Explain your answer.

You’re the plant manager in one of ABC Company’s five plants. You’ve worked for the company for 15 years, working your way up from the factory floor after the company sent you to college. Your boss just told you in complete confidence that the company will have to lay off 200 workers. Luckily, your job won’t be affected. But a rumor is circulating in the plant, and one of your workers (an old friend who now works for you) asks the question. “Well, Pat, what’s the word? Is the plant closing? Am I going to lose my job? The closing on our new house is scheduled for next week. I need to know.”

What will you say?

The Tinned Fruit Company introduced a new range of mid-sized tins of fruit earlier this year. The company claims that the mean weight of these tins of fruit are on average 200g, with a standard deviation of 12g. Recently however, a consumer organisation has received a number of complaints from consumers who believe that the mean weight of their tins containing nectarines is actually less than 200g. To investigate this discrepancy, the consumer organisation randomly selects 1500 tins of nectarines produced in July and records the weight of these tins. This sample is then used to assess whether the company is marketing tins of nectarines that weigh on average less than 200g

1) what is the null and alternative hypothesis?

2) do we reject or accept the null hypothesis

1. Bill Smith is a trusted employee working in a branch of BCC Technical Inc. a computer services company. She has various responsibilities which include:
   1. Selecting and maintaining vendors who provide services and products to the company
   2. Preparing the monthly bank reconciliations for supervisory review
   3. Write checks for company expenditures. To promote efficiency if the expenditure is less than $1,500 it does not require the approval of a supervisor.
   4. Works with another employee to maintain the inventory of office supplies.

Required

Briefly discuss some internal control issues identify any weakness (exposures) and strengths surrounding the role of Bill Smith. Use appropriate terminology from our class discussions and readings that would applicable to the discussion of internal controls.

: E Company has budgeted sales revenues of $170,000 for May, $215,000 for June, $240,000 for July, and $160,000 for August. To prepare a cash budget, the company must determine the budgeted cash collections from sales. Generally the trend has been 55 percent collected in the month of sale, 25 percent collected in the month following sale, 18 percent collected in the second month following sale, and 2 percent uncollectible. Also, E Company grants a 2 percent cash discount to customers who pay in the month of sale (so they only collect 98 percent of the total amount for those sales instead of the usual 100 percent). Prepare a schedule of cash collections for the month of July only.

Robert is 34 years old and is engaged to be married. He is looking to start saving towards buying a house. He and his fiancée Alisha however have not made any plans towards any of their life goals.

Robert

Robert graduated high school in Romania, and got into engineering school at University of Toronto right after. Having graduated among the top students in his country, he was able to obtain a full scholarship and graduated university with no student debt. He started working for a firm DigitalDesign LLC where he worked as a software engineer for 3 years where he started out with a salary of 60,000 CAD annually. Even though he was set up for success, he did take time away from his job, sponsored his brother education at Carleton University, worked for a non-profit in Africa, and travelled for a year. These left him with a bit lower savings than estimated. He currently has around 200,000 CAD saved in financial assets and earns around 130,000 CAD annually. The company he works for has no pension plan.

Alisha

Alisha finished her undergraduate degree in architecture and worked in Romania for a few years. She moved to University of Toronto for her master’s degree and currently works for an architecture firm that designs factories. She has around 85000 CAD in financial assets and earns 80,000 CAD a year. She also has no pension plan. Like Robert, she likes to travel but also takes a trip once a year back to Romania to visit her family.

The Wedding

They are planning to have two ceremonies, a very small one with close friends in Toronto, which would cost (8,000 CAD). A big wedding in Romania with around 400 guests, which would cost 40,000 CAD. Their parents would foot half the wedding bill in Romania.

Lifestyle and Life Goals

Both Robert and Alisha live in a spacious 2-bedroom condominium in midtown-Toronto and they do not plan to move out of it anytime soon. None of them drives a car and they take public transit or Taxi/Uber. They plan to have only 1 kid 2 years from now and plan to remain in the apartment and put a down payment (50%) on the condo. They do like eating out once a week and Robert likes to go out for drinks with his pals on the weekend. They plan to take two trips a year. One trip to Romania during Christmas and once during the summer. When the child enters university (20 years from now), they want to be able to fund all the tuition and living expenses (totaling 100,000$). When Robert turns 50, they plan to buy a cottage in Romania near the coast for 300,000 CAD.

For Retirement, Robert and Alisha want to have 5,000,000 dollars together. All prices are based on today’s CAD. Robert and Alisha expect their real income to grow by 1% a year. Assume retirement age = 65.

Income Statement

Assume an average tax rate of 40%.

A) Create an detailed Investment policy statement for Robert and Alisha

B) Are their goals reasonable? How much money do they need to save in their first year for each of their goals and the total amount? ( Assume expenses to go up by 10,000$ a year once the kid is born)

C) If they plan to spend 50,000 each year in retirement and plan to leave 500, 000 CAD as inheritance, (to be withdrawn at the beginning of each year) are their retirement goals sufficient?

Michael, 23, is brought to the emergency room by ambulance. He is alert, confused and uncooperative. He is also unable to follow simple commands or answer simple questions. His girlfriend reports, “We were at his house, studying. He just made this really strange sound. Suddenly he is on the floor shaking and his eyes are rolled back in his head. I turned him on his side. I don’t know what is going on with him, but I did call his father and he said he would meet us here at the hospital.” Vital signs are temperature 99.5° F, pulse 92/min, respirations 25/min, and BP 142/84.

1. What could the nurse say to the girlfriend who is most likely to be very stressed by the experience of seeing her boyfriend have a seizure and Why would it be important to calm her down and elicit information from her

2. What emergency interventions does the nurse use

3. What medications will the health care provider most likely order for status epilepticus... Describe the nursing implications (administration, side effects, drug-level monitoring) for these medications

4. What are some of the social implications for this young college student who has new-onset seizures

5. What should the nurse teach the patient and family about epilepsy?