Markus Company’s common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year’s financial statements:     

11. What is the company’s operating cycle? (Round your intermediate and final answer to 2 decimal places.)

You buy a car for $40,000. You agree to a 6 year loan with a annual interest 6 percent.

a. What is your required monthly payment?

b. What is the total amount interest payment over this period?

C. Show the difference in the total interest payment if the payment was done yearly instead of monthly?

Note: This problem is for the 2019 tax year.

Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304.

Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788.

Alfred's salary for 2019 is $150,000. He is an executive working for Cherry, Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes.

Beulah recently graduated from law school and is employed by Legal Aid Society, Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives a salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes.

Alfred and Beulah had interest income of $500. Alfred and Beulah receive a $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Both spouses had health insurance for all of 2019 and they do not want to contribute to the Presidential Election Campaign.

Required:

Compute the Olds' net tax payable (or refund due) for 2019. Use Form 1040 and Schedule 1 to complete this tax return.

• It may be necessary to complete the tax schedule and worksheet before completing Form 1040.
• Enter all amounts as positive numbers.
• If an amount box does not require an entry or the answer is zero, enter "0".
• Make realistic assumptions about any missing data.
• When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.
• Use the 2019 Tax Rate Schedule provided. Do not use the Tax Tables.

Please answer with 2019 1040 tax form and Schedule 1

Consider a closed economy in which the population grows at the rate of 1% per year. The per-worker production function is y = 6 * ((K)^0.5), where y is output per worker and k is capital per worker. The depreciation rate of capital d is 14% per year.

a. Households consume 90% of income and save the remaining 10% of income. There is no government. What are the steady-state values of capital per worker, output per worker, consumption per worker, and investment per worker?

b. Suppose that the country wants to increase its steady state value of output per worker. What steady-state value of the capital-labor ratio is needed to double the steady-state value of output per capita? What fraction of income would households have to save to achieve a steady-state level of output per worker that is twice as high as in part (a)?

The existing spot rate of the Singapore dollar is $.62. The one‑year forward rate of the Singapore dollar is $.61. The probability distribution of the future spot rate in one year is forecasted as follows:

                  Future Spot Rate                                     Probability

                          $.60                                                         25%

                            .63                                                         45

                            .65                                                         30

Assume that one‑year put options on Singapore dollars are available, with an exercise price of $.64 and a premium of $.04 per unit. One‑year call options on Singapore dollars are available with an exercise price of $.61 and a premium of $.02 per unit. Assume the following money market rates:

                                                      U.S.                 Singapore

            Deposit rate                        6%                         5%

            Borrowing rate                   8                            7

1. Assume that ABC Co. will need to pay 500,000 Singapore dollars in one year. Given the above relevant information, determine whether a forward hedge, money market hedge, or a currency options hedge would be most appropriate. Then compare the most appropriate hedge to an unhedged strategy and decide whether ABC Co. should hedge its receivables position. Please provide detailed explanation to your answers.
2. Assume that XYZ Inc. expects to receive 1 million Singapore dollars in one year. Given the above relevant information, determine whether a forward hedge, a money market hedge, or a currency options hedge would be most appropriate. Then, compare the most appropriate hedge to an unhedged strategy, and decide whether XYZ Inc. should hedge its payables position. Please provide detailed explanation to your answers.

A hypothetical data shows that, in a year, of all the adult population, 20,500,000 were employed, 755,000 were unemployed, 45,000 were workers with part-time jobs looking for full-time jobs, 25,000 were discouraged workers and 8,500,000 were not in the labor force.

1. Use the above information and calculate the labor force participation rate and the unemployment rate.
2. Suppose that the natural rate of unemployment is 1.5 percent and the potential GDP is RM 850 billion, how much would be the actual GDP achieved in the above case?
3. Suppose that 2,500,000 students graduated from higher education institutions and begin to look for jobs. Ceteris paribus, determine the new unemployment rate if none of the students have found jobs yet. How this will change your answer in (b)?
4. Now suppose that 1,500,000 of the students whom graduated in (c) find jobs and the remaining are not yet employed. Ceteris paribus, determine the new unemployment rate. Clearly show your working for all calculations.
5. Simulate a scenario in which both employment and unemployment could both possibly increase.

As part of an educational experiment a sample of sixteen Year 3 children was randomly divided into two groups, each of size eight.
The first group of eight children was taught arithmetic by the use of traditional procedures, whilst the second group of eight was taught arithmetic by newer modern methods.
At the end of the year all 16 children sat for an arithmetic achievement test, and also an arithmetic understanding test.
The marks(out of 100) obtained by the children are shown in the following tables.

In answering the following questions you may assume that both achievement marks and understanding marks are normally distributed.

1. To test whether there is a significant difference between the mean Achievement mark and the mean Understanding mark of children taught by the Modern method we would carry out ( A. A paired t test B. A two sample t test)

2. To test whether there is a significant difference between the mean Achievement marks of children taught by the Traditional method and of children taught by the Modern method.  (A. A paired t test B. A two sample t test)

3. To test whether there is a significant difference between the mean Achievement mark and the mean Understanding mark of children taught by the Traditional method we would carry out . (A. A paired t test B. A two sample t test)

4. To test whether there is a significant difference between the mean Understanding marks of children taught by the Traditional method and of children taught by the Modern method. (A. A paired t test B. A two sample t test)

The average fee in a private school in Georgia is more than $13,000 for one year with σ = $3000. Assume the population is normally distributed. A random sample of 15 private schools in Georgia yielded a mean yearly fee of $14,500. Test using the critical value method if the population mean of the yearly fee in a private school in Georgia is more than $13,000, using α = 0.10.

The balance sheet for Bryan Corporation is given below. Sales for the year were $3,190,000, with 75 percent of sales sold on credit.

Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal places.)