On January 1, 2020, Sarasota Co. borrowed and received $507,000 from a major customer evidenced by a zero-interest-bearing note due in 4 years. As consideration for the zero-interest-bearing feature, Sarasota agrees to supply the customer’s inventory needs for the loan period at lower than the market price. The appropriate rate at which to impute interest is 9%.

(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Charlie Dew purchased a new personal watercraft on October 24, 2020 from the local marina for a cost of $5000. He was sent an invoice with the following terms: 2% discount if paid in full by November 24, 2020, otherwise the full amount is due by February 24, 2021.

1. Suppose Charlie can find a lender who will lend him the money he needs on November 24 at the following simple interest rates: 6% for the first 20 days, 7% for the next 20 days, 8% thereafter. How much money does Charlie have to pay back to the lender on February 24, 2021? How much money does Charlie save by borrowing from this lender?

Suppose the following table was generated from the sample data of 2020 employees relating annual salary to years of education and gender. According to the results, is there a salary difference between men and women at the 0.010.01 level of significance? If yes, write the difference in salary in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."

1. From 2010-2020 the median home value in the city of Fort William grew exponentially. The median home value during this time period changed by 12% per year.

1. If the 1-year percent change is 12%, what is the 1-year growth factor?

2. Use your answer to part (a) to complete the following table of values showing the median home value in Fort William at various times.

   years since the beginning of 2010, tt	median home value in Fort William (in dollars)
   0	182,400
   1	204,288
   2
   3.25	263,623
   4.25
   5.25

3. Define a function ff that models the median home value in Fort William tt years since the beginning of 2010 (assuming 0≤t≤10). Be sure to use function notation.

2.    A city's population grows exponentially by 5% per year.

1. What is the 1-year growth factor for the population?

2. Fill in the missing information in the table below.

   years since the beginning of 2015, n	the city's population, p=g(n)
   0	160,000
   1	168,000
   2	176400
   4.25	196,800
   5.25	206711

c. Define a function g to model the citys population n years since the beginning of 2015.

3. The given table of values represents an exponential function (that is, a relationship where the growth factor is constant for the same size changes in x).

1. Use the entries in the table to determine the 1-unit growth factor for y in this relationship.

   The 1-unit growth factor is .

2. The 1-unit percent change for values of y is %

3. Define a formula for function f. Be sure to use function notation.

4. Fill in the missing entries in the table. Note: Pay close attention to how the values of x change. Not all changes are 1 unit. You can also use the formula you defined.

Sue received dividends from various corporate stock investments of $33,000 in 2020. Of these amounts, $29,000 were marked as "qualified dividends" on her Form 1099-DIV. Regarding qualified dividends, which of the following statements is / are correct?

Question 31 options:

Question 2: From the following account balances to 30 June 2020 prepare a statement of financial position in the narrative classified format. Note: you will need to determine the balance of the retained earnings.                                                          

Suppose the following table was generated from the sample data of 2020 employees relating annual salary to years of education and gender. According to the results, is there a salary difference between men and women at the 0.010.01 level of significance? If yes, write the difference in salary in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."

Selecting a radio button will replace the entered answer value(s) with the radio button value. If the radio button is not selected, the entered answer is used.

On July 31, 2020, Jessica-Anne received land and a building from Janice as a gift. Janice's adjusted basis and the fair market value at the date of the gift are as follows:

Janice paid gift tax of $60,000 on the transfer.

Round any division to four decimal places. Round your final answers to the nearest dollar.

a. Determine Jessica-Anne's adjusted basis for the land and building.

Jessica-Anne's total basis for the assets received from Janice is $

Jessica-Anne's adjusted basis for the land is $

Jessica-Anne's adjusted basis for the building is $

In 2020, Riverbend Inc. received a $200,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,100,000 before deducting the dividends-received deduction (DRD), a $40,000 NOL carryover, and a $100,000 charitable contribution. Use Exhibit 13-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.)

a. What is Riverbend’s deductible DRD assuming it owns 10 percent of Hobble Corporation?

b. Assuming the facts in part (a), what is Riverbend’s marginal tax rate on the dividend?

c. What is Riverbend’s DRD assuming it owns 60 percent of Hobble Corporation?