For Tax Year 2020 and beyond, what method will be used to calculate the kiddie tax?

The parents' marginal tax rate.

Trust rates.

Whichever method provides for the higher tax.

Whichever method provides for the lower tax.

A 13-year-old is admitted to the hospital for influenza. The patient has a history of epilepsy and takes carbamazepine. The physician orders carbamazepine 200mg QID by mouth. The nurse interprets verifies the order as 200mg QD which results in the patient receiving 200mg daily. Starting on day two, the nurse documents the patient seems to be preoccupied, as he is found to staring into space and not responding to questions. After a short period of time, the patient responds to the nurse. On day five, the patient is discharged. As the nurse is reviewing the discharge instructions with the patient’s father, the patient has a tonic-clonic seizure. The nurse ensures patient safety by removing all nearby objects. After one minute of seizure activity, the nurse initiates a rapid response. Despite the administration of multiple doses of lorazepam, the seizure lasts for over ten minutes. Once the seizure ends, the patient continues to be in respiratory distress. The patient is intubated and transported to the Intensive Care Unit for supportive therapy. As a result of the prolonged seizure, significant anoxia occurs. The anoxia results in a catastrophic stroke; the patient is determined to have suffered brain death. Ten days after admission, the parents decide to withdraw care and the patient dies.

1. Describe the medication error. Include possible reasons the medication error occurred, and which medication administration right was violated. And Identify the changes in the patient's condition the nurse should have acted upon and what interventions should have been performed by the nurse that could have prevented the patient outcome.

The stockholders’ equity section of Larkspur Inc. at the beginning of the current year appears below.

Common stock, $10 par value, authorized 1,063,000 shares, 281,000 shares issued and outstanding $2,810,000 Paid-in capital in excess of par—common stock 645,000 Retained earnings 589,000 During the current year, the following transactions occurred. 1. The company issued to the stockholders 95,000 rights. Ten rights are needed to buy one share of stock at $32. The rights were void after 30 days. The market price of the stock at this time was $34 per share. 2. The company sold to the public a $209,000, 10% bond issue at 104. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $30 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8. 3. All but 4,750 of the rights issued in (1) were exercised in 30 days. 4. At the end of the year, 80% of the warrants in (2) had been exercised, and the remaining were outstanding and in good standing. 5. During the current year, the company granted stock options for 10,300 shares of common stock to company executives. The company, using a fair value option-pricing model, determines that each option is worth $10. The option price is $30. The options were to expire at year-end and were considered compensation for the current year. 6. All but 1,030 shares related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract.

The following are the cash flows of two projects: Year Project A Project B 0 ?$ 220 ?$ 220 1 100 120 2 100 120 3 100 120 4 100 If the opportunity cost of capital is 10%, what is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

The owner of a bicycle repair shop forecasts revenues of $224,000 a year. Variable costs will be $66,000, and rental costs for the shop are $46,000 a year. Depreciation on the repair tools will be $26,000. Prepare an income statement for the shop based on these estimates. The tax rate is 40%. Calculate operating cash flow for the year by using all three methods: (a) Dollars in minus dollars out; (b) Adjusted accounting profits; and (c) Add back depreciation tax shield.

1.Deposits of $1000 are made at the beginning of each year for three years. The balance at the end of each year (before the deposit for the next year) was $1100, $2000, and $3400, respectively. Find the time-weighted yield rate.

2. A 10,000 par value 10-year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%. Calculate the interest portion of the 7th coupon.

Court Casuals has 300,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year.

Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Bastion Inc., expects earnings this year of $5 per share and is paying a dividend of $1 today to shareholders. Bastion pays an annual dividend. Bastion will retain $4 pershare of its earnings to reinvest in new projects that have a return of 12% per year. Suppose Bastion will maintain the same dividend payout rate, retention rate, and return on new investments in the future and will not change its number of outstandingshares.

(a) What growth rate of earnings would you forecast for Bastion?

(b) If Bastion’s equity cost of capital is 11.2%, what price would you estimate for Bas-tion’s stock? Assume that investors will receive today’s dividend when estimatingthe stock price.

(c) Suppose instead that Bastion paid a dividend of $2 per share this year and retainedonly $3 per share in earnings. If Bastion maintains this higher payout rate in the future, what stock price would you estimate for the firm now? Should Bastion raise its dividend? Assume that investors will receive today’s dividend when estimating the stock price.