*Please clearly state what answer goes to each part.*

Alexa owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:

During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa’s AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income.

Assuming Alexa receives $20,000 in gross rental receipts, answer the following questions: (Leave no answer blank. Enter zero if applicable.)

a. Assuming that Alexa’s AGI from other sources is $90,000, what effect does the rental activity have on Alexa’s AGI (increase, decrease, or no effect) and state by what amount? Alexa makes all decisions with respect to the property.

b. Assuming that Alexa’s AGI from other sources is $120,000, what effect does the rental activity have on Alexa’s AGI(increase, decrease, or no effect) and state by what amount? Alexa makes all decisions with respect to the property.

c. Assume that Alexa’s AGI from other sources is $200,000. This consists of $150,000 salary, $10,000 of dividends, $25,000 of long-term capital gain, and net rental income from another rental property in the amount of $15,000. What effect does the Cocoa Beach Condo rental activity have on Alexa’s AGI(increase, decrease, or no effect) and state by what amount?

Question 1:

A near-sighted person might correct his vision by wearing diverging lenses with focal length f = -50cm . When wearing his glasses, he looks not at actual objects but at the virtual images of those objects formed by his glasses. Suppose he looks at a 12cm -long pencil held vertically 2.0m from his glasses. Use ray tracing to determine the location of the image. Answer is in meters.

Question 2:

A 1.0-cm-tall object is 60 cm in front of a diverging lens that has a -30 cm focal length.

a) Calculate the image position in cm.

b) Calculate the image height in cm.

Show work please! Thank you!!

Unless otherwise stated, all objects are located near the Earth's surface, where g = 9.80 m/s2 .
At the end of most landing runways in airports, an extension of the runway is constructed using a special substance called formcrete. Formcrete can support the weight of cars, but crumbles under the weight of airplanes to slow them down if they run off the end of a runwa

If a plane of mass 1.80×10⁵ kg is to stop from a speed of 20.0 m/s on a 120 m long stretch of formcrete, what is the magnitude of the average force exerted on the plane by the formcrete?

Leighton Beridon owns "Jeemp Farms", located near Weimar, TX. The farm produces pecan trees and sod. He has so many orders from the Houston metropolitan area that he is able to sell all his inventory each year, but he is not netting as much as he has in past years. His daughter, Liesl Beridon, came home from college over Thanksgiving and mentioned ABC costing, which she learned about in her cost accounting class. Mr. Beridon does not really know what ABC costing is and is skeptical as to whether it would be right for his business. He has hired your company to educate him about ABC and whether or not he should use an ABC system. Over the next few weeks, you will work towards helping Mr. Beridon decide what is the best route for his company to take. Shortly after you get started, Mr. Beridon sends you an email stating that he feels he needs to discontinue the sod portion of his business and focus on his tree sector, as he can charge more per tree than he can charge for a foot of sod. He sends you an email stating, "I can charge so much more for a tree than a foot of grass. Therefore, I am planning on discontinuing the sod portion of the business immediately as I make so much more on the trees! I am going to plant all my sod acres with trees". Write a 700- to 1,050-word paper plan for your boss explaining how you will analyze Jeemp Farms. Include the following: Prepare an argument convincing him to hold off on his decision and see the results of your analysis first. As you have not had time to do any analysis yet, you need to convince Mr. Beridon to wait on whether to discontinue his sod business. Project potential benefits Mr. Beridon could gain from using an ABC system. Explain how ABC creates these benefits. Your team is planning on conducting an analysis of whether ABC would be beneficial to Mr. Beridon. Create a process for conducting this analysis. Include the following:

How could you apply the data in the company's general ledger?

Mexico Inc. has opened numerous restaurants near college campuses. Given below are student population in thousands (X) and annual revenue in millions at Taco Sell (Y) for various campuses.

a) Is this a time series or a causal relation case?

b) Please develop a regression equation for this case (write the equation clearly)

c) How good is the model (that is what can you say about the model given the r2 value)?

d) Now, the company is contemplating opening an outlet at IUP (current student population 10,000). Make a forecast of annual revenue at the IUP outlet of Taco Sell
.

Daniel Jones owns and managers Daniel's Restaurant, a 24-hour restaurant near a local hospital. Daniel employs 9 full-time employees and 16 part-time employees. He pays all of the full-time employees by check, the amounts determined by Daniel's bookkeeper, Gina. Daniel pays all of his part-time employees in currency. He computes their wages and withdraws the cash directly from his cash register.

Gina has repeatedly urged Daniel to pay all of his employees by check. But, as Daniel has told his friend who owns a similar business, "My part-time employees prefer the currency over a check. Also, I don't withhold or pay any taxes or worker's compensation insurance on those cash wages because they go totally unrecorded and unnoticed."

Questions -

1. What are the legal and ethical considerations regarding Daniel's handling of his payroll?

2. What are Gina's ethical responsibilities?

3. What are the implications for Daniel’s employees?

Also, cite a reference that you used to prepare your response.

Budgeted Income Statement and Supporting Budgets

The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March:

1. Estimated sales for March:

   Batting helmet	1,200 units at $40 per unit
   Football helmet	6,500 units at $160 per unit

2. Estimated inventories at March 1:

   Direct materials:
   Plastic	90 lb.
   Foam lining	80 lb.
   Finished products:
   Batting helmet	40 units at $25 per unit
   Football helmet	240 units at $77 per unit

3. Desired inventories at March 31:

   Direct materials:
   Plastic	50 lb.
   Foam lining	65 lb.
   Finished products:
   Batting helmet	50 units at $25 per unit
   Football helmet	220 units at $78 per unit

4. Direct materials used in production:

   In manufacture of batting helmet:
   Plastic	1.20 lb. per unit of product
   Foam lining	0.50 lb. per unit of product
   In manufacture of football helmet:
   Plastic	3.50 lb. per unit of product
   Foam lining	1.50 lb. per unit of product

5. Anticipated cost of purchases and beginning and ending inventory of direct materials:

   Plastic	$6.00 per lb.
   Foam lining	$4.00 per lb.

6. Direct labor requirements:

   Batting helmet:
   Molding Department	0.20 hr. at $20 per hr.
   Assembly Department	0.50 hr. at $14 per hr.
   Football helmet:
   Molding Department	0.50 hr. at $20 per hr.
   Assembly Department	1.80 hrs. at $14 per hr.

7. Estimated factory overhead costs for March:

   Indirect factory wages	$86,000
   Depreciation of plant and equipment	12,000
   Power and light	4,000
   Insurance and property tax	2,300

8. Estimated operating expenses for March:

   Sales salaries expense	$184,300
   Advertising expense	87,200
   Office salaries expense	32,400
   Depreciation expense—office equipment	3,800
   Telephone expense—selling	5,800
   Telephone expense—administrative	1,200
   Travel expense—selling	9,000
   Office supplies expense	1,100
   Miscellaneous administrative expense	1,000

9. Estimated other income and expense for March:

   Interest revenue	$940
   Interest expense	872

10. Estimated tax rate: 30%

Required:

1. Prepare a sales budget for March.

2. Prepare a production budget for March. Enter all amounts as positive numbers.

3. Prepare a direct materials purchases budget for March. Enter all amounts as positive numbers.

4. Prepare a direct labor cost budget for March.

5. Prepare a factory overhead cost budget for March.

6. Prepare a cost of goods sold budget for March. Work in process at the beginning of March is estimated to be $15,300, and work in process at the end of March is desired to be $14,800. Enter all amounts as positive numbers.

7. Prepare a selling and administrative expenses budget for March.

8. Prepare a budgeted income statement for March. Enter all amounts as positive numbers.

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A monopolist will shut down in the short run if:

A movement from an abnormally high rate of unemployment toward a more typical level of unemployment would:

A perfectly competitive firm cannot make economic profits in the long run because: