Sage Corporation has pretax financial income (or loss) from 2015 through 2021 as follows.

Pretax financial income (loss) and taxable income (loss) were the same for all years since Sage has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized.

Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operations.

How should the income tax expense section of the income statement for 2017 appear?

What entry for income taxes should be recorded in 2020​​​​​​​

How should the income tax expense section of the income statement for 2020 appear?

The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance). Assume the index is scaled by a factor of 10 million; that is, if the total value of all firms in the market is $5 billion, the index would be quoted as 500.

a. Calculate the initial value of the index if a value-weighting scheme is used. (Round your answer to 2 decimal places.)

b. What is the rate of return on this index for the year ending December 31, 2016? For the year ending December 31, 2017? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

question: Why is retained earnings on December 31, 2018, equal to $80,000 in all three cases despite the reporting of different amounts of net income each year?

Is it A,B, or C?

A: Net income over sufficiently long time periods equals cash inflows minus cash outflows. Walmart acquired the land in 2016 for $100,000 and sold it for $180,000 in 2018. Thus, the total effect on net income through the realization of the increase in the va

B: Net income over sufficiently long time periods equals cash inflows plus cash outflows. Walmart acquired the land in 2016 for $100,000 and sold it for $180,000 in 2018. Thus, the total effect on net income through the realization of the increase in the val

C: Net income over sufficiently long time periods equals cash inflows minus cash outflows. Walmart acquired the land in 2016 for $100,000 and sold it for $180,000 in 2018. Thus, the total effect on net income through the realization of the increase in the va

At 30 June 2015, the financial statements of McMaster Ltd showed a building with a cost (net of GST) of $312,000 and accumulated depreciation of $158,000. The business uses the straight-line method to depreciate the building. When acquired, the building's useful life was estimated at 30 years and its residual value at $62,000. On 1 January 2016, McMaster Ltd made structural improvements to the building costing $98,000 (net of GST). Although the capacity of the building was unchanged, it is estimated that the improvements will extend the useful life of the building to 40 years, rather than the 30 years originally estimated. No change is expected in the residual value.

1. Calculate the number of years the building had been depreciated to 30 June 2015
2. Prepare the general journal entry to record the cost of the structural improvements on 1 January 2016
3. Prepare the general journal entry to record the building’s depreciation expense for the year ended 30 June 2016. Assume no depreciation had been recorded since 30 June 2018.

Assume sales for Peach Street Industries are expected to increase by 8.00% from 2015 to 2016. Peach Street is operating at full capacity currently and expected assets-to-sales and spontaneous liabilities-to-sales to remain the same. Additionally, the firm is looking to maintain their 2015 net profit margin and dividend payout ratios for 2016. The firm’s tax rate is 35.00% and selected income statement and balance sheet information for 2015 is provided below:

How much in additional funds (external capital) will Peach Street Industries need in 2016 to support their projected growth in sales? (i.e., calculate the firm’s additional funds needed --AFN) ?

On January 1, 2016, Apple granted 80,000 stock options to key members of its executive team. Each option grants the executives the ability to purchase one share of Apples common stock ($10 par value) at a price of $40 per share. The options were exercisable within a 2-year period beginning on January 1, 2018, as long as the executives remain an employee at Apple until that date. It is assumed that the options were for services performed equally in 2016 and 2017. The Black-Scholes option pricing model determines total compensation expense to be $1,300,000. On January 1, 2018, the Apple executives exercised 48,000 of their stock options. On that date, Apples stock had a market price of $50 per share. The remaining 32,000 stock options lapsed on January 1, 2020 because of the decision not to exercise their options.

Required

1. Prepare the necessary journal entries related to the stock option plan for the years 2016 through 2020.
2. Over what period of time should compensation cost be allocated?

1. View the following 3 TED Talks (video presentations). As you watch the videos, take notes of any relevant information.

• Inside the mind of a master procrastinator | Tim Urban
  • The habits of highly boring people | Chris Sauve
  • The Art of Letting Go | The Minimalists

2. Decide which of the 3 TED Talks best responds to this question;

• • How can identifying your opportunity costs, help you make better choices?

      

3. Produce a Post of at least 200 words in which you explain your position. Your post must contain at least the following elements:

• • It must state the title and the author of the chosen TED talk.
  • It must state the reason why believe that TED talk best answers the question.
  • It must explicitly explain the relationship, connection, or link between the ideas provided in the TED Talk and the concept of Opportunity Cost.

As the imperial crisis deepened in the late 1760s and into the 1770s, Americans increasingly based their claims not simply on the historical rights of Englishmen but on the more abstract language of natural rights and universal freedom. Thinking through chapters 1-5, analyze this evolution from the English Civil War and the Glorious Revolution to the establishment of colonies, the Great Awakening, and Enlightenment and finally to the events of the 1760s and 1770s. Your essay should make an argument about the various definitions of freedom and liberty from the mid-seventeenth century until the Revolutionary era. 500 word min **Your book has a variety of primary sources you can use for this essay. You may use quotes from the primary sources, but please do not quote Foner himself. This essay is too short to fill it with quotes from a textbook author – even one as well respected as Foner. History 1301 chapters 1 to 5.

Pick one of the following terms for your research: Strategic philanthropy, locus of control, ethical culture, ethical awareness, or normative approach.

DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count in the word requirement.

SUMMARY: Summarize the article in your own words- this should be in the 150-200 word range. Be sure to note the article's author, note their credentials and why we should put any weight behind his/her opinions, research or findings regarding the key term.

ANALYSIS: Using 300-350 words, write a brief analysis, in your own words of how the article relates to the selected chapter Key Term. An analysis is not rehashing what was already stated in the article, but the opportunity for you to add value by sharing your experiences, thoughts and opinions. This is the most important part of the assignment.