On October 1, 2018, the Allegheny Corporation purchased machinery for $245,000. The estimated service life of the machinery is 10 years and the estimated residual value is $3,000. The machine is expected to produce 440,000 units during its life. Required: Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum-of-the-years’-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 22,000; units produced in 2019, 37,000).

Jason and Mary Wells, friends of yours, were married on December 30, 2018. They know you are studying taxes and have sent you an e-mail with a question concerning their filing status. Jason and Mary would each like to file single for tax year 2018. Jason has prepared their taxes both as single and married filing jointly, and he has realized that the couple will get a larger combined refund if they each file single. Jason argues “that it’s not as if we were married for very long in 2018.” Please let us know what you would advise Jason and Mary to do.

Acura Company purchased a machine on January 1, 2016 for $625,000. The machine has a four year useful life and a salvage value of $20,000. The machine was depreciated using sum of the years digits. On January 1, 2018, two years later, it was determined they should have used straight line depreciation and decided to change to straight line. The useful life was also extended by three years, and the salvage value was reduced to $15,000. Profit for 2016 was $800,000 and for 2017 was $700,000 using sum of the years’ digits depreciation. Prior to depreciation expense in 2018, profits were $200,000. Determine the correct profits for 2016, 2017, 2018.

Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the following information:

In addition, you determine that the June 30, 2018, inventory balance is $40,300.

Required:
1. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2018.
2. Prepare the year-end adjusting entry to record cost of goods sold.

On January 30th, 2018, Dr. Ziegler took a random sample of STAT 104 students.1 Students were asked how many Facebook friends they had. Out of 30 respondents who had Facebook accounts, the mean number of friends was 589.10 with a standard error of 72.98.

1. Describe the parameter of interest in context.

2. What is the 95% confidence interval?

3. Interpret the 95% confidence interval.

4. Is 500 friends a plausible value for the population of all STAT 104 students on January 30th, 2018? Explain.

5. Is 750 friends a plausible value for the population of all STAT 104 students on January 30th, 2018? Explain.

Boerne Inc entered into a one-year contract to lease equipment from Spring Branch Leasing on January 1, 2018. The fair value of the leased equipment at the inception of the lease was $600,000. Lease term 1 year (4 quarterly periods) Quarterly lease payments $30,000 at Jan. 1, 2018, and at April 1, July 1, and Oct 1. Economic life of asset 5 years Interest rate charged by the lessor 10%

Required: Boerne elected the short-term lease option. Appropriate adjusting entries are made annually. Prepare appropriate entries for Chance from for the first two quarters of 2018.

Pls do not handwrite the answer, this is for easy reading

Question 1C:-

Develop arguments about how the MAS (Monetary Authority of Singapore) could manage the conflict in its dual roles of regulating the financial market as well as promoting Singapore as an international financial centre.

Pls refer to the link :http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/MAS-Annual-Report-201718.aspx

http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/Financial-Regulation.aspx

http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/The-Future-of-Banking.aspx

Broussard Skateboard's sales are expected to increase by 15% from $7.6 million in 2018 to $8.74 million in 2019. Its assets totaled $5 million at the end of 2018. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.

A. Mava Corp. purchased a warehouse for $3,040,000 on October 1, 2017. The warehouse has
been depreciated using the sum-of-the-years’-digits method with the estimated usage
summarized below:

Useful life 20 years
Residual value $ 205,000

Required:
A1. Calculate the depreciation expense for the first full year of the warehouse’s useful life
from October 1, 2017, to September 30, 2018.
A2. Calculate the depreciation expense for the second full year of the warehouse’s useful
life from October 1, 2018, to September 30, 2019.
A3. Calculate the depreciation expense for the year ended December 31, 2018.

The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers $ 380,000 Interest on note receivable 6,000 Principal on note receivable 50,000 Sale of investments 30,000 Proceeds from note payable 100,000 Cash Paid for: Purchase of inventory 160,000 Interest on note payable 5,000 Purchase of equipment 85,000 Salaries to employees 90,000 Principal on note payable 25,000 Payment of dividends to shareholders 20,000 The balance of cash and cash equivalents at the beginning of 2018 was $17,000. Required: Prepare a statement of cash flows for 2018 for Bluebonnet Bakers. Use the direct method for reporting operating activities.