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 $64,700. Meg works part-time at the same university. She earns $34,000 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.

a. What is the Comers’ tax liability for 2019 if they report the following capital gains and losses for the year?

b.

What is the Comers’ tax liability for 2019 if they report the following capital gains and losses for the year?

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 $68,200. Meg works part time at the same university. She earns $33,200 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?

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?

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.

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.