SHU Inc., manufactures and a product that sells for $1,720 each. During the year, the budgeted fixed manufacturing overhead is estimated to be $1,900,000. Variable costs per unit are $440.

Required:

Anderson plans to acquire an automated assembly line with ten year life at a cost of sh 10 million, delivered and installed. He plans to use the equipment for only five years.He can borrow the required 10 million at a before cost of 10%.The estimated scrap value is sh 50,000 after ten years, but its estimated scrap value after five years is sh 1 million.He can lease the equipment for 5 years at a rental charge of sh 2.75m payable at the beginning of each year.The lessor will maintain the equipment. However if he buys he will bear the cost of maintenance of shs500,000 per year payable at the beginning of the year.The marginal tax rate is 40%

Analyze whether the company should purchase or lease the asset(

Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling  79,000 units of product: net sales $ 1,975,000; total costs and expenses $ 1,805,000; and net loss $ -170,000. Costs and expenses consisted of the following.

Management is considering the following independent alternatives for 2017.

(a) Compute the break-even point in dollars for 2017. (Round contribution margin ratio to 2 decimal places e.g. 0.25 and final answer to 0 decimal places, e.g. 2,510.)

(b) Compute the break-even point in dollars under each of the alternative courses of action. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answers to 0 decimal places, e.g. 2,510.)

Which course of action do you recommend?  select a course of action using the break-even analysisselect a course of action using the break-even analysis  Alternative 1Alternative 2Alternative 3

According to a​ survey, 62 ​% of murders committed last year were cleared by arrest or exceptional means. Fifty murders committed last year are randomly​ selected, and the number cleared by arrest or exceptional means is recorded. When technology is​ used, use the Tech Help button for further assistance. ​(a) Find the probability that exactly 41 of the murders were cleared. ​(b) Find the probability that between 35 and 37 of the​ murders, inclusive, were cleared. ​(c) Would it be unusual if fewer than 18 of the murders were​ cleared? Why or why​ not?

The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $95,966 1,460 Units May 97,184 2,040 Units June 99,116 2,960 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. $ per unit (b) Using the high-low method, determine total fixed costs. $

1.

Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $80,000 from his employer and won $2,000 in various races. What is the effect of the racing activities on Glenn's taxable income if Glenn has also incurred $4,200 of hobby expenses this year? Assume that Glenn itemizes his deductions but has no other miscellaneous itemized deductions.

2.

Frieda is 67 years old and deaf. If Frieda files as a head of household, what amount of standard deduction can she claim in 2019?

3.

Campbell, a single taxpayer, has $400,000 of profits from her general store, which she operates as a sole proprietorship. She has no employees, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Campbell's deduction for qualified business income?

The following information was taken from the records of Skysong Inc. for the year 2017: Income tax applicable to income from continuing operations $213,724; income tax applicable to loss on discontinued operations $28,186, and unrealized holding gain on available-for-sale securities (net of tax) $23,100. Gain on sale of equipment $97,400 Cash dividends declared $153,000 Loss on discontinued operations 82,900 Retained earnings January 1, 2017 542,500 Administrative expenses 246,100 Cost of goods sold 894,100 Rent revenue 42,300 Selling expenses 322,400 Loss on write-down of inventory 61,700 Sales Revenue 2,013,200 Shares outstanding during 2017 were 90,400.

1. Prepare a multiple-step income statement.

2. Prepare a comprehensive income statement for 2017, using the two statement format.

3. Prepare a retained earnings statement for 2017.

Compare the risks and returns of a 10-year bond, a preferred stock and a common stock issued by a listed company. Explain the reason(s).

3. In a metropolitan hospital, a researcher in the Maternity Ward reported one-year data on the length of newly born babies. The mean and standard deviation of the Normal curve describing the distribution of length of the babies were 48 cm and 5.2 cm, respectively. Show your calculations.

What is the likelihood (i.e., probability) that a randomly selected baby would have a length of at least 70 cm?

What is the likelihood that a randomly selected baby would have a length between 40 cm and 60 cm?

For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters.

Quarter-End Cumulative Taxable Income

First $1,550,000

Second 2,560,000

Third 3,390,000

What are LNS’s minimum first, second, third, and fourth quarter estimated tax payments determined using the annualized income method? (Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for Fourth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount.)

Please fill the blank columns?