In 2016 the Democratic Party had a contested primary election between Hillary Clinton and Bernie Sanders. They just did so again, between Joe Biden and Bernie Sanders. This essentially split the party between a progressive wing in support of Bernie Sanders and a more centrist mainstream wing in support of Hillary Clinton then Joe Biden. How was the 2016 and 2020 primary elections indicative of this division within the Democratic party? In what ways were these Democratic candidates different and how was that illustrative of current divisions within the Democratic party?

*This is all the information*

Presented below is information related to Marigold Company.

Compute the ending inventory for Marigold Company for 2014 through 2019 using the dollar-value LIFO method.

Using the year 2013-2017 financial data of Coca-Cola and PepsiCo companies, determine their 5-year average growth rates related to net sales and income from continuing operations. Coca Cola: Net Sales: 7.86% Increase. PepsiCo: Net Sales: 3.11% Increase. And what data to use to calculate.

In the fall of 2016 Yahoo disclosed several major security breaches involving more than 1.5 billion user accounts. The results of these disclosures delayed the purchase by Verizon and reduced the Yahoo purchase price by at least $300 million. In June 2017 Yahoo shareholders agreed to the final sale to Verizon, nearly a year after the purchase was announced. What responsibility do firms have for the protection of customer data provided in the operation of their firm? Should Verizon have backed out of the deal with Yahoo given the scale and duration of the security issues brought to light in the fall of 2016?

1. Using Walt Disney Inc. Annual Report income statement, prepare a horizontal and vertical analysis on years 2017 and 2016. 2. Perform the following ratios, Current, Debt, Return on Equity on years 2017 and 2016

https://www.thewaltdisneycompany.com/wp-content/uploads/2017-Annual-Report.pdf

Return on common stockholders’ equity ratio.

Return on asset ratio.

Profit margin rate.

Earnings per share.

Debt to total asset ratio.

Current ratio

Average collection period.

Receivables turnover ratio.

Asset turnover ratio.

Question 2
(a) Jinping is an employee of Private Health Pty Ltd, a national health specialist.
On 1 April 2016, Jingping takes out a housing loan with his employer for
$400,000 at an interest rate of 1.75% pa. This was a very good rate as he had
made enquiries and the rate available at his bank was 4.25%. The statutory
rate for the 2016-17 FBT year is 5.65%.
Calculate the FBT payable by Private Health Pty Ltd in relation to the loan
fringe benefit.
(b) Discuss who is required to pay the GST and who is entitled to input tax credits.

Chaz Corporation has taxable income in 2016 of $372,000 before the §179 expense and acquired the following assets during the year:

What is the maximum total depreciation expense that Chaz may deduct in 2016? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

The December 31, 2016 inventory of ABC Company consisted of four products, for which certain information is provided below.

                                                        Estimated                Expected           Estimated

Product      Original Cost            Completion Cost        Selling Price      Cost to sell

   A                        $25                          $6                            $40                      $4

   B                        $42                        $12                            $58                      $8

   C                      $120                        $25                          $150                    $15

   D                        $18                          $3                            $26                      $2

Using the lower-of-cost-or-net realizable value approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2016.

STU Corporation had at the end of fiscal 2016 a $10,000 debit balance in its accounts receivable account. The allowance for doubtful accounts amounted to $500 at that time.

A) An aging of accounts receivable at year end indicates the need for an allowance balance of $700. What adjusting would be made to accommodate this estimate at year end?

B) What would the entry for uncollectible accounts expense be if STU used the percentage of credit sales method when total credit sales in 2016 was $12,000 and the usual uncollectible loss amounted to one percent of credit sales?

Valquez Manufacturing Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2016, the following data are developed:

1.   Sales: 20,000 units; unit selling price:                       $35

2.   Variable costs per dollar of sales:

            Sales commissions                                                6%

            Delivery expense                                                   2%

            Advertising                                                             4%

3.   Fixed costs per quarter:

            Sales salaries                                                $24,000

            Office salaries                                                  17,000

            Depreciation                                                       5,000

            Insurance                                                           1,000

            Utilities                                                               2,000

Instructions

Prepare a selling and administrative expense budget for the first quarter of 2016.