Out of a random sample of 355 freshman at State University, 192 students have declared a major. Find a 96% confidence interval for the true population proportion of freshman at State University who have declared a major.

Find the left endpoint of the confidence interval .

Round to three decimal places

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2021 and 2020:

On October 15, 2021, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2021, for $5,210,000. Book value of the division’s assets was $4,540,000. The division’s contribution to Jackson’s operating income before-tax for each year was as follows:

Assume an income tax rate of 25%.

Required: (In each case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on a separate line.)
1. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
2. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $5,210,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
3. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $3,970,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.

1.MACRS with Trade-In: In May 2011, your company traded in a computer and peripheral equipment, used in its business, that had a BV at that time of $25,000. A new, faster computer
system having a fair market value of $300,000 was acquired. Because the vendor accepted
the older computer as a trade-in, a deal was agreed to whereby your company

would pay $225,000 cash for the new computer system.

a. What is the property class life and recovery year for the computer system?
b. Using MACRS GDS rates, how much depreciation can be deducted each year based on this class life?

Leonardo Bonucci Company’s financial manager is planning to estimate the company’s WACC. She has acquired the following information. The company's noncallable bonds have 20 years to maturity, have a 9.25% annual coupon paid semiannually, a par value of $1,000, and a market price of $1,075.00. The risk-free rate is 4.50%, the return on market is 11.50%, and the stock’s beta is 1.20. The target capital structure of the company consists of 35% debt and the balance is common equity. The company does not expect to issue any new common stock. The company’s tax rate is 40%. What is the Leonardo Bonucci Company’s WACC?

Please read the Management in Action case “Norwegian Air Shuttle Aspires to Become the Cheapest Global Airline” at the end of Chapter 4 “Global Management” available in your textbook Management: A Practical Approach 7^th edition by Kinicki, A., & Williams, B., and answer the following questions:

Assignment Question(s):

1. What are the biggest challenges Norwegian experienced in trying to expand its airline across the globe?
2. To what extent did you observe examples of ethnocentric, polycentric, or geocentric attitudes in this case? Provide examples to support your conclusions.

3. Use Table 4.4 (Given below) to identify cultural differences that are likely to arise between Norwegian employees working in Denmark and Sweden and Thailand. How might these differences affect interpersonal interactions, and what can the company do to reduce any unintended conflict from these differences?

4. What are the most important lessons to be learned about global management from this case? Discuss

I want a special solution for me, Please

Ann Johnson is a single taxpayer and is employed as a secretary by State University of Texas. She has the following items pertaining to her income tax return for the current year:

• Received a $20,000 salary from her employer, who withheld $3,000 federal income tax

• Received a gift of 1,000 shares of Beta Corporation Stock with a $100,000 FMV from her mother. She also received $4,000 of cash dividends from the Beta Corporation. The dividends are qualified dividends.

• Received $1,000 of interest income on bonds issues by the City of Tyler Texas

• Received a regular stock dividend (nontaxable under Sec. 305) of 50 shares of Beta Corporation stock with a $5,000 FMV

• Ann’s employer paid $2,000 of medical and health insurance premiums on her behalf

• Received $12,000 alimony from her ex-husband

• State University provided $50,000 of group term life insurance. Ann is 42 years old and is not a key employee (consult insurance table to calculate tax liability)

• Received a $1,000 cash award from her employer for being designated Secretary of the Year

• Total itemized deductions are $8,000

Complete Form 1040 and accompanying schedules for Ann’s federal income tax return for the current year.

(TCO 5) You have been accepted into a prestigious private university in Illinois for your doctoral program. Congratulations! Since no one from this school has ever graduated in only 4 years, you anticipate that you will need to make 11 semi-annual tuition payments of $35,000 each with the first cash flow 6 months from today. If you choose to discount these cash flows at an annual rate of 8%, what is the present value cost of tuition to attend your university of choice? (TCO 5) You are about to purchase a new car from a dealer who has a new and unusual payment plan. You have the choice to pay $29,000 cash today or $32,000 in 4 years. If you have the opportunity to borrow the cash price value of the car at a rate of 3.0% and repay the loan in a lump sum in 4 years, which option should you take and why? (TCO 5) Which choice has a greater present value if we assume a required rate of return of 8%? (1) A lump-sum cash flow today of $248.69 (2) $100 cash flows occurring 1, 2, and 3 years from today (3) A single cash flow of $331 3 years from today

Alice Johnson, Social security number 2222-23-3334 is a single taxpayer and is employed as a secretary by state university of florida. she has the following items pertaining to her income tax return for the current year.

-received a $30,000 salary from her employer, who withheld $4200 federal income tax.

- received a gift of 1000 shares of Ace corporation stock with a $100,000 FMV from her mother. She also received $4000 of cash dividends from the Ace Corporation. The dividends are qualified dividends.

- Received $1000 of interest income on bonds issued by the city of Tampa

- Received a regular stock dividend (nontaxable under sec 305) of 50 shares of ace corporation with a $5000 FMV -Alice's employer paid $2000 of medical and health insurance premiums on her behalf

- received $13,000 alimony from her ex-husband. They divorced on Aug 1, 2014

- State university provided $60,000 of group term life insurance, Alice is 42 years old and is not a key employee. The table in the text is applicable

- received a $1000 cash award from her employer for being designated the secretary of the year

- total itemized deductions are $10,000

complete form 1040 and accompanying schedules for Alice Johnsons 2019 return

42-10. AQUESTION OF ETHICSBetween 1970 and 1981, Sanford Weill served as the chief executive officer (CEO) of Shearson Loeb Rhodes and several of its predecessor entities (collectively “Shearson”). In 1981, Weill sold his controlling interest in Shearson to the American Express Co., and between 1981 and 1985, he served as president of that firm. In 1985, Weill developed an interest in becoming CEO for BankAmerica and secured a commitment from Shearson to invest $1 billion in BankAmerica if he was successful in his negotiations with that firm. In early 1986, Weill met with BankAmerica directors several times, but these contacts were not disclosed publicly until February 20, 1986, when BankAmerica announced that Weill had sought to become its CEO but that BankAmerica was not interested in his offer. The day after the announcement, BankAmerica stock traded at prices higher than the prices at which it had traded during the five weeks preceding the announcement. Weill had discussed his efforts to become CEO of BankAmerica with his wife, who had discussed the information with her psychiatrist, Dr. Willis, prior to BankAmerica’s public announcement of February 20. She had also told Dr. Willis about Shearson’s decision to invest in BankAmerica if Weill succeeded in becoming its CEO. Willis disclosed to his broker this material, confidential information and purchased BankAmerica common stock. After BankAmerica’s public announcement and the subsequent increase in the price of its stock, Willis sold his shares and realized a profit of approximately $27,500. The court held that Willis was liable for insider trading under the misappropriation theory. [United States v. Willis, 737 F.Supp. 269 (S.D.N.Y. 1990)]1. The court stated in its opinion in this case that “[i]t is difficult to imagine a relationship that requires a higher degree of trust and confidence than the traditional relationship of physician and patient.” It then quoted the concluding words of the Hippocratic oath: “Whatsoever things I see or hear concerning the life of men, in my attendance on the sick or even apart therefrom, which ought not be noised abroad, I will keep silence thereon, counting such things to be as sacred secrets.” The court held that Willis had violated his fiduciary duty to Mrs. Weill, his patient, by investing in BankAmerica stock. Do you agree that Willis’s private investments, which were based on information learned through his sessions with Mrs. Weill, constituted a violation of his duty to his patient? After all, Willis had not “noised abroad” Mrs. Weill’s secrets—that is, he had not told others (except for his stockbroker) about the information. If you had been in Willis’s shoes, would you have felt ethically restrained from trading on the information?2. Can you think of any ways in which Willis’s trading could have been harmful to Mrs. Weill’s interests? Does your answer to this question have a bearing on how you answered Question 1?3. Do you think that the misappropriation theory of liability imposes too great a burden on outsiders, such as Willis? Why or why not? How might you justify, from an ethical point of view, the application of the misappropriation theory to “outsider trading”?