1. A store randomly samples 603 shoppers over the course of a year and finds that 142 of them made their visit because of a coupon they'd received in the mail.

   A 95% confidence interval for the fraction of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694)

   The store management can be 95% confident that any sample of shoppers would have a proportion of visitors whose visit is because of receiving a coupon be within this confidence interval

   The store management can be 95% confident that the population proportion of customers visiting the store because they received a coupon is within our confidence interval

   95% of customers visiting the store because of receiving a coupon is within our confidence interval

QUESTION 4

1. Workers at a particular mining site receive an average of 35 days paid vacation, which is lower than the national average. The manager of this plant is under pressure from a local union to increase the amount of paid time off. However, he does not want to give more days off to the workers because that would be costly. Instead he decides he should fire 10 employees in such a way as to raise the average number of days off that are reported by his employees. In order to achieve this goal, should he fire employees who have the most number of days off, least number of days off, or those who have about the average number of days off?

   a.

   He should file employees who have the most number of days off.

   b.

   No matter who he fires, it will not increase the amount of paid time off.

   c.

   He should file employees who have the average number of days off.

   d.

   He should file employees who have the least number of days off.

1. Suppose the observational units in a study are the patients arriving at an emergency room on a given day, 11 Nov 2019. For the following indicate whether it can legitimately be considered a variable or not:

   Whether or not men have to wait longer than women

   yes

   no

QUESTION 8

1. A survey company published results of a survey stating that 56% of the 600 randomly sampled residents planned to set off firereworks on July 4th.

   Determine the margin of error for the 56% point estimate using a 95% confidence level.

   Give your answer as a decimal rounded to two decimal places. (like .02 or .07 or .12)

1. SAT scores (out of 2400) are distributed normally with a mean of 1480 and a standard deviation of 320. Suppose a school council awards a certificate of excellence to all students who score at least 1900 on the SAT, and suppose we pick a student at random. What is the chance they will have a score at least 1900?

   (Give your answer in decimal form to 4 places, like .0304 or .1421)

Thornley Machines is considering a 3-year project with an initial cost of $618,000. The project will not directly produce any sales but will reduce operating costs by $265,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $60,000. The tax rate is 34%. The project will require $23,000 in extra inventory for spare parts and accessories.
Should this project be implemented if Thornley's requires a 9% rate of return? Why or why not?

Please show all work without excel

At the beginning of the year, Robinson County acquired a new storage building under a capital lease agreement.

An initial payment of $700,000 is made to start the lease with four subsequent payments for the same amount at the end of each year starting in late 20X7.

The total lease payment amount for the duration of the lease is $3,500,000.

The present value of the lease at the inception is $3,485,000, including the initial payment. The county borrowed the funds for four years at an annual interest rate of 7%.

At the creation of the lease, the building’s fair value is $3,700,000.

Required:

Evaluate the classification of the building as a capital lease. Discuss if this is the proper classification and how you concluded on this classification.

Prepare the journal entries in the capital projects fund, the debt service fund, and the governmental activities journal for the beginning of the lease.

Prepare the journal entries in the debt service fund and governmental activities journal for the end of the initial year payment.

At the end of the initial year, what financial statement(s) would be prepared to show the assets and the liabilities pertaining to the capital lease? What is the total that would be reported in the liability section of this financial statement?

Paper Requirements:

Submit your responses to the questions in a 3-5-page Microsoft Word document. Label each question clearly. Include computations in a table and show work.

For written answers, ensure your responses are well-written.

What is the yield to maturity of a five​-year, $10,000

bond with a 4.1% coupon rate and semiannual coupons if this bond is currently trading for a price of

$9,227​?

A. 7.09​%

B. 2.95​%

C. 8.27​%

D. 5.91​%

THIS PROBLEM IS FOR THE 2018 TAX YEAR [PLEASE DO NOT ANSWER IF YOU JUST HAD THE ANSWER OF PREVIOUS YEAR] [Please fill out Form 1040, Schedules A, B WITH EXPLANATION]

Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6789 and 111-11-1112, respectively. Alice's birthday is September 21, 1971, and Bruce's is June 27, 1970. They live at 473 Revere Avenue, Lowell, MA 01850. Alice is the office manager for Lowell Dental Clinic, 433 Broad Street, Lowell, MA 01850 (employer identification number 98-7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY 11788 (employer identification number 11-1111111).

The following information is shown on their Wage and Tax Statements (Form W-2) for 2018.

The Byrds provide over half of the support of their two children, Cynthia (born January 25, 1994, Social Security number 123-45-6788) and John (born February 7, 1998, Social Security number 123-45-6786). Both children are full-time students and live with the Byrds except when they are away at college. Cynthia earned $6,200 from a summer internship in 2018, and John earned $3,800 from a part-time job.

During 2018, the Byrds provided 60% of the total support of Bruce's widower father, Sam Byrd (born March 6, 1942, Social Security number 123-45-6787). Sam lived alone and covered the rest of his support with his Social Security benefits. Sam died in November, and Bruce, the beneficiary of a policy on Sam's life, received life insurance proceeds of $1,600,000 on December 28.

The Byrds had the following expenses relating to their personal residence during 2018:

The Byrds had the following medical expenses for 2018:

The medical expenses for Sam represent most of the 60% that Bruce contributed toward his father's support.

Other relevant information follows:

When they filed their 2017 state return in 2018, the Byrds paid additional state income tax of $900.

During 2018, Alice and Bruce attended a dinner dance sponsored by the Lowell Police Disability Association (a qualified charitable organization). The Byrds paid $300 for the tickets. The cost of comparable entertainment would normally be $50.

The Byrds contributed $5,000 to Lowell Presbyterian Church and gave used clothing (cost of $1,200 and fair market value of $350) to the Salvation Army. All donations are supported by receipts, and the clothing is in very good condition.

Via a crowdfunding site (gofundme.com), Alice and Bruce made a gift to a needy family who lost their home in a fire ($400). In addition, they made several cash gifts to homeless individuals downtown (estimated to be $65).

In 2018, the Byrds received interest income of $2,750, which was reported on a Form 1099–INT from Second National Bank, 125 Oak Street, Lowell, MA 01850 (Employer Identification Number 98-7654322).

The home mortgage interest was reported on Form 1098 by Lowell Commercial Bank, P.O. Box 1000, Lowell, MA 01850 (Employer Identification Number 98-7654323). The mortgage (outstanding balance of $425,000 as of January 1, 2018) was taken out by the Byrds on May 1, 2014.

Alice's employer requires that all employees wear uniforms to work. During 2018, Alice spent $850 on new uniforms and $566 on laundry charges.

Bruce paid $400 for an annual subscription to the Journal of Franchise Management and $741 for annual membership dues to his professional association.

Neither Alice's nor Bruce's employer reimburses for employee expenses.

The Byrds do not keep the receipts for the sales taxes they paid and had no major purchases subject to sales tax.

All members of the Byrd family had health insurance coverage for all of 2018.

This year the Byrds gave each of their children $2,000, which was then deposited into their Roth IRAs.

Alice and Bruce paid no estimated Federal income tax. Neither Alice nor Bruce wants to designate $3 to the Presidential Election Campaign Fund.

Form 1040 Information

Provide the following that would be reported on the Byrd's Form 1040:

1. Filing status and dependents: The taxpayers' filing status:
Married filing jointly

Indicate whether the following individuals can be claimed as a dependent by Alice and Bruce.
Cynthia:  No
Sam:   Yes
John:   Yes

2. Calculate taxable gross income. $_______

3. Calculate the total deductions for AGI. $_______

4. Calculate adjusted gross income. $_______

5. Calculate the greater of the standard deduction or itemized deductions. $_______

6. Calculate total taxable income. $_______

7. Calculate the income tax liability. $_______

8. Calculate any other taxes due. $_______

9. Calculate the total tax credits available. $_______

10. Calculate total withholding and tax payments. $_______

11. Calculate the amount overpaid (refund): $_______

12. Calculate the amount of taxes owed: $_______

Schedule A Information

Provide the following that would be reported on the Alice and Bruce Byrd's Schedule A:

1. Calculate the deduction allowed for medical and dental expenses. (Round computations to the nearest dollar.) $_______

2. Calculate the allowable deduction for taxes. $_______

3. Calculate the deduction for interest. $_______

4. Calculate the charitable deduction allowed. $_______

5. Calculate total itemized deductions. $_______

Schdule B Information

Provide the following that would be reported on the Alice and Bruce Byrd's Schedule B:

1. Calculate the interest amount: $_______

2. Calculate the ordinary dividends: $_______

Tax Planning For 2018

Alice and Bruce are planning some significant changes for 2019. They have provided you with the following information and asked you to project their taxable income and tax liability for 2019. Assume that the Byrds will itemize their deductions next year.

The Byrds will invest the $1,600,000 of life insurance proceeds in short-term certificates of deposit (CDs) and use the interest for living expenses during 2019.

They expect to earn interest of $32,000 on the CDs.

Bruce has been promoted to regional manager, and his salary for 2019 will be $88,000.

He estimates that state income tax withheld will increase by $4,000 and the Social Security tax withheld will be $5,456.

Alice, who has been diagnosed with a serious illness, will take a leave of absence from work during 2019. The estimated cost for her medical treatment is $15,400, of which $6,400 will be reimbursed by their insurance company in 2019. Their medical insurance premiums will increase to $9,769.

Property taxes on their residence are expected to increase to $5,100.

The Byrds' home mortgage interest expense and charitable contributions are expected to be unchanged from 2018.

John will graduate from college in December 2018 and will take a job in New York City in January 2019. His starting salary will be $46,000.

In 2019, the deduction for taxes on Schedule A are limited to $10,000 and the medical expenses are reduced by 10% of AGI.

Assume that all of the information reported in 2018 will be the same in 2019 unless other information has been presented above. Use the 2018 Tax Rate Schedules.

Provide the following that would be reported on the Byrds' Tax Planning For 2018. If required, round any computations to the nearest dollar.

1. Calculate the Byrds' projected itemized deductions for 2018: $________

2. Calculate the Byrds' taxable income: $________

3. Calculate the Byrds' related tax liability for 2018: $________

Required:

Compute the Alice J. and Bruce M. Byrd's Federal income tax for 2018. by providing the following information that would be reported on Form 1040, Schedules A and B. If they have overpaid, they want the amount to be refunded to them.

Make realistic assumptions about any missing data.

It may be necessary to consider the information provided on other schedules before completing Form 1040 information.

When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.

Forecast an Income Statement

Following is the income statement for Medtronic PLC for the year ended April 29, 2016.

Use the following assumptions to prepare a forecast of the company's income statement for FY2017.

Instructions:

Round answers to the nearest whole number.

Use rounded answers for any subsequent computations.

Do not use negative signs with any of your answers.

Forecast the Balance Sheet

Following is the balance sheet for Medtronic PLC for the year ended April 29, 2016.

Use the following assumptions to forecast the company’s balance sheet for FY2017.

Round your answers to the nearest whole number.

Do not use negative signs with any of your answers.

Please show the work

1. During a year of operation, a firm collects $175,000 in revenue and spends $80,000 on labor expense, raw materials, rent, and utilities. The firm’s owner has provided $500,000 of her own money instead of investing the money and earning a 14 percent annual rate of return.
   1. The explicit costs of the firm are $_______. The implicit costs are

$ _______________. Total economic cost is $_____________.

2. The firm earns economic profit of $___________________________.

3. The firm’s accounting profit is $_____________________________.

4. If the firm’s costs stay the same but its revenue falls to $____________, only a normal profit is earned.

5. If the owner could earn 20 percent annually on the money she has invested on the firm, the economic profit of the firm would be __________ (when revenue is $175,000).

A bond matures in 10 years, pays $ 80 each year, and pays $ 1,000 at maturity. Assume that the market interest is 10%. What is the present value of the bond?