A list of accounts and their balances of O’Neill’s Psychological Services, at its year end July 31, 2021, is presented below:

Prepare statement of owner’s equity. (List items that increase owner's equity first.)

Edit question Marc and Michelle are married and earned salaries this year of $67,600 and $13,350, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $950 from corporate bonds. Marc contributed $2,950 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,950. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $6,900 of expenditures that qualify as itemized deductions and they had a total of $5,950 in federal income taxes withheld from their paychecks during the course of the year. (Use the tax rate schedules.) a. What is Marc and Michelle’s gross income? b. What is Marc and Michelle’s adjusted gross income? c. What is the total amount of Marc and Michelle’s deductions from AGI? d. What is Marc and Michelle’s taxable income? e. What is Marc and Michelle’s taxes payable or refund due for the year? Use 2018 tax schedules

The following data is for the coming year. FinCorp's Net Income is reported as $195million. Depreciation Expense is $20million, accounts receivable decreased by $20 million, accounts payable decreased by $10 million, and inventories increased by $10 million. The firm's interest expense is $22million. Assume the tax rate is 35% and the net debt of the firm increases by $3million. What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 11%?

You are presented with a real estate investment with cash flow in year 1 of $100,000, increasing by $5,000 per year through year 5. And, you estimate you can sell the deal at the end of the 5th year for $1,250,000. If your discount rate is 12%, should you buy the deal at the $1,100,000 asking price?

A) Yes, because the IRR is a positive 9.34%

B) No, because the NPV is a negative $33,455

C) Yes, because the NPV is a positive $1,746

D) No, because the NPV is less than the asking price

The Trial balance for Jasmine Ltd for the year ended 30.9.18 is below:

The following supplementary information is available which has not been subjected to double entry

17. Closing inventories are £55,000.
18. Utilities includes an overpayment of electricity not yet used of £3500
19. A customer owing £10,700 has become bankrupt and there is no chance of payment. In addition a provision for future doubtful debts of 3% of remaining accounts receivable should be established.
20. An invoice for stationery has been received for £650 but not yet paid. This relates to items acquired in December 2017. Stationery is recorded as part of sundry expenses.
21. The final interest payment for the 8% loan due September 2018 has not yet been paid.
22. Depreciation is charged per annumm on the following basis: Buildings 2% straight-line; Vehicles 20% reducing balance; Plant and Machinery 10% straight-line.

Required: Produce an Income Statement and a Statement of Financial Position for Jasmine Ltd for the yer ended 30.9.18

In the fourth quarter of last year, Colditz Company embarked on a major effort to improve productivity. It redesigned products, reengineered manufacturing processes, and offered productivity improvement courses. The effort was completed in the last quarter of the current year. The controller’s office has gathered the following year-end data to assess the results of this effort:

Required

1. Prepare a summary contribution income statement for each of the 2 years, and calculate the change in operating income.

2. Compute the partial operational productivity ratios for each production factor in each year.

3. Compute the partial financial productivity ratios for each production factor in each year.

The following information is available for Henderson Components for the year just ended.

Required:

Select the answer for each of the following costs.

a. Variable cost per unit.

b. Variable production cost per unit.

c. Full cost per unit.

d. Full absorption cost per unit.

e. Prime cost per unit.

f. Conversion cost per unit.

g. Contribution margin per unit.

h. Gross margin per unit.

Briefly describe a merger or acquisition that has been in the news within the past year and provide a link to the information. 
What is the economic justification for the merger? 
Does the merger or acquisition substantially reduce competition? 
Will the industry tend to remain competitive after the merger, or will it tend to become more concentrated (as with an oligopoly or monopoly)? 
Will consumers benefit from the merger or acquisition?

The year is 2040, and you are part ofan intergalactic research team.  In the On-Line galaxy, on the planet Virtual, you discover ureotelic organisms that have biochemistry analogous to terrestrial organisms (aka us!). You have isolated the following compound that appears to be an intermediate in their urea cycle.  Based on this compound, and the excellent (ahem!) biochemical education you received in CHM 3280, predict the rest of the Virtualian Urea Cycle.  Provide structures and enzyme names, cofactors etc.

The Dorset Corporation produces and sells a single product. The following data refer to the year just completed:

Assume that direct labor is a variable cost.

Required:

a. Compute the unit product cost under both the absorption costing and variable costing approaches.

b. Prepare an income statement for the year using absorption costing.

c. Prepare an income statement for the year using variable costing.

d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above.