Questions
Note: This problem is for the 2018 tax year. Roberta Santos, age 41, is single and...

Note: This problem is for the 2018 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for three years. She has a son, Jason, who is 17, and a daughter, June, who is 18. Jason's Social Security number is 111-11-1112, and June's is 123-45-6788. Roberta does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta, an advertising executive, earned a salary from ABC Advertising of $80,000 in 2018. Her employer withheld $9,000 in Federal income tax and $3,100 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $5,500. Roberta can document that she spent $6,500 for Jason's support during 2018. In prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2018, she has decided not to do so. Roberta provides all of June's support. Roberta's mother died on January 7, 2018. Roberta inherited assets worth $625,000 from her mother. As the sole beneficiary of her mother's life insurance policy, Roberta received insurance proceeds of $300,000. Her mother's cost basis for the life insurance policy was $120,000. Roberta's favorite aunt gave her $13,000 for her birthday in October. On November 8, 2018, Roberta sells for $22,000 Amber stock that she had purchased for $24,000 from her first cousin, Walt, on December 5, 2012. Walt's cost basis for the stock was $26,000, and the stock was worth $23,000 on December 5, 2014. On December 1, 2018, Roberta sold Falcon stock for $13,500. She had acquired the stock on July 2, 2014, for $8,000. An examination of Roberta's records reveals that she received the following: Interest income of $2,500 from First Savings Bank. Groceries valued at $750 from Kroger Groceries for being the 100,000th customer. Qualified dividend income of $1,800 from Amber. Interest income of $3,750 on City of Springfield school bonds. Alimony of $16,000 from Wayne. Distribution of $4,800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5,300. She had no prior passive activity losses during 2012. Assume that the qualified business income deduction applies and the W–2 wage limitation does not apply. From her checkbook records, she determines that she made the following payments during 2018: Charitable contributions of $4,500 to First Presbyterian Church and $1,500 to the American Red Cross (proper receipts obtained). Paid $5,000 to ECM Hospital for the medical expenses of a friend from work. Mortgage interest on her residence of $7,800 to Peoples Bank. Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car. $800 for landscaping expenses for residence. Estimated Federal income taxes of $2,800 and estimated state income taxes of $1,000. Medical expenses of $5,000 for her and $800 for Jason. In December, her medical insurance policy reimbursed $1,500 of her medical expenses. A $1,000 ticket for parking in a handicapped space. Attorney's fees of $500 associated with unsuccessfully contesting the parking ticket. Contribution of $250 to the campaign of a candidate for governor. Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be $994. Required: Calculate Roberta's net tax payable or refund due for 2018. Assume a qualifying dividend and net capital gain rate of 15% rate. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Make realistic assumptions about any missing data. It may be necessary to complete the tax schedules before completing Form 1040. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Use the Tax Rate Schedule provided. Do not use the Tax Tables.

In: Accounting

How is the transfer to another university going after the second year? what are the requirements?...

How is the transfer to another university going after the second year? what are the requirements? how to enter the budget?

In: Economics

Not just shoes and handbags Zentos is an $800 million a year online retailer of shoes...

Not just shoes and handbags

Zentos is an $800 million a year online retailer of shoes and handbags. Zentos prides itself on its superior customer service and views this as a way of becoming an online store selling just about anything. Most online retailers and brick-and-mortar stores say they focus on their customers. What makes Zentos so special is that they really do.

New shoes for mom

Cecelia bought several pairs of shoes from Zentos for her ailing mother. She was unsure about the size as her mother had lost a lot of weight and her shoe size had changed. Zentos has free return shipping with UPS, so Cecelia was not worried about the cost to return those shoes that did not fit her mother. Only two pairs of shoes fit. Cecelia had intended to return the others, but her mother died, and returning the shoes slipped her mind. She got an email from Zentos asking her about the shoes. Cecelia replied that her mother had just died and that she would send the shoes back soon.

That little something extra

Zentos emailed Cecelia back saying UPS would pick up the shoes for return so she would not have to make the trip to UPS. This was not Zentos’ general policy. The next day, Zentos sent Cecelia a big, beautiful flower arrangement. This was definitely not Zentos’ policy! This was something one compassionate person (who happened to work at Zentos) did for another person. The amazing part was that Zentos was flexible enough to allow this extraordinary gesture to happen.

Spreading the news

Cecelia was so moved by Zentos’ show of compassion that she posted on the Great Customer Service blog telling the world about what Zentos had done for her. Her post was viewed by millions of people, many of whom responded with blogs postings of their own saying how they would be making their next shoe purchase at Zentos. The company delivered on its superior customer service promise - look where it got them.



Answer the following-:



Q. Cecelia’s positive experience with Zentos and her subsequent posting on the Great Customer Service blog was obviously good press for Zentos. Despite the good press of positive blog postings, what might Zentos have to fear from this method of e-marketing? Minimum 450 words.

In: Operations Management

The company I am using is Adidas, Inc for the year 2019. Your task is to...

The company I am using is Adidas, Inc for the year 2019.

Your task is to determine the WACC for a given firm using what you know about WACC, as well as data you can find through research. Your deliverable is a brief report in which you state your determination of WACC, describe and justify how you determined the number, and provide relevant information as to the sources of your data. Select a publicly traded company that has debt or bonds and common stock to calculate the current WACC. One good source for financial data for companies, as well as data about their equity, is Yahoo! Finance. By looking around this site, you should be able to find the market capitalization (E) as well as the β for any publicly traded company. There are not many places left where data about corporate bonds is still available. One of them is the Finra Bonds website. To find data for a particular company’s publicly traded bonds use the Quick Search feature, then be sure to specify corporate bonds and type in the name of the issuing company. This should give you a list of all of the company’s outstanding bond issues. Clicking on the symbol for a given bond issue will lead you to the current amount outstanding and the yield to maturity. You are interested in both. The total of all bonds outstanding is D in the above formula. If you like, you can use the YTM on a bond issue that is not callable as the pre-tax cost of debt for the company.

Assumptions: As you recall, the formula for WACC is: rWACC = (E/E+D) rE + D/(E+D) rD (1-TC) The formula for the required return on a given equity investment is: ri= rf + βi * (RMkt-rf) RMkt-rf is the Market Risk Premium. For this project, you may assume the Market Risk Premium is 5% unless you can develop a better number. rf is the risk-free rate. The risk-free rate is normally the yield on US Treasury securities such as a 10-year treasury. For this assignment, please use 3.5%. You may assume a corporate tax rate of 40%.

Submit the following: Write a 350- to 700-word report that contains the following elements: Your calculated WACC How data was used to calculate WACC (provide the formula and the formula with your values substituted) Sources for your data A discussion of how much confidence you have in your answer, including what the limiting assumptions you made were, if any Include a Microsoft® Excel® file showing your WACC calculations discussed above.

In: Accounting

On December 31, 2019, of the current year Company A physically counted $1,500,000 of inventory. The...

On December 31, 2019, of the current year Company A physically counted $1,500,000 of inventory. The following additional information is also available:

Company A sold goods for $250,000 to Dog Enterprise. Company A had originally purchased the goods for $175,000. The order was shipped to Dog Enterprise FOB shipping point on December 28, 2019 and arrived at Dog Enterprise facility on January 2, 2020.

Question 1: Does Company A adjust or not adjust the physical count for the in-transit goods? Explain.

COMPANY A purchased goods costing $40,000 from vendor Joe's Hardware. Joe's Hardware shipped the goods to Company A FOB shipping point on December 29, 2019 and the order was delivered on January 1, 2020 The shipment was a rush order that was supposed to arrive by December 31.

Question 2: Does Company A adjust or not adjust the physical count for the in-transit goods? Explain.

Company A sold goods for $250,000 to Door Company. Company A had originally purchased the goods for $175,000. The order was shipped to Door Company, FOB Destination on December 28, 2019 and arrived at Door Company facility on January 4, 2020.

Question 3: Does Company A adjust or not adjust the physical count for the in-transit goods? Explain.

Company A purchased goods costing $30,000 from vendor Kitchen Company. Kitchen shipped the goods to Company A FOB destination on December 30, 2019 and the order was delivered on January 3, 2020.

Question 4, does Smith adjust or not adjust the physical count for the in-transit goods? Explain.

In: Accounting

1) IBM expects to pay a dividend of $5 next year and expects these dividends to...

1) IBM expects to pay a dividend of $5 next year and expects these dividends to grow at 77​% a year. The price of IBM is $85 per share. What is​ IBM's cost of equity ​capital?

2) Since your first​ birthday, your grandparents have been depositing $1,200into a savings account on every one of your birthdays. The account pays 9​%

interest annually. Immediately after your grandparents make the deposit on your 18th​ birthday, the amount of money in your savings account will be closest​ to:

A.$69,386.25

B.$59,473.93

C.$29,736.97

D.$49,561.61

In: Finance

In a particular year, registered nurses earned an average annual salary of $52,330. A survey was...

In a particular year, registered nurses earned an average annual salary of $52,330. A survey was conducted with 45 nurses from a particular state to determine if the annual salary is higher than $52,330 for that state's nurses. The sample average was $62,979 with a sample standard deviation of $7,489. Conduct a hypothesis test at the 5% level.
Note: If you are using a Student's t-distribution for the problem, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)

What is the test statistic? t= ?

Sketch a picture of this situation. Label and scale the horizontal axis and shade the region(s) corresponding to the p-value.

In: Statistics and Probability

Suppose a bond such as a Treasury bill, or T-bill, promises to pay $1000 a year,...

  1. Suppose a bond such as a Treasury bill, or T-bill, promises to pay $1000 a year, and the interest rate is 15%. Given this information, we know that the bond's price must be:
  1. Answer the following questions using the following data

Y=C+I+G

C=120+0.5(Y-T)

I=100-10r

T=40

     = Y-20r

M=600

P= 2

  1. Identify the each of the variables and briefly explain their meanings.
  2. Find the IS curve and the LM curve and graph them in a diagram.
  3. Determine the equilibrium interest rate and output.
  4. Calculate the The multiplier in this economy

  1. Suppose an economy represented by the fallowing equilibrium equation 0.8 y = 2500 and suppose that government decrease spending (G) by 100, what will happen to the output in the economy.
  1. Illustrate the following situations in the different graphs;
    1. Changes in equilibrium when money supply increase and decrease
    2. Changes in equilibrium when government impose the tax and cut the tax (T)
    3. Changes in equilibrium when government reduces/increases the expenditure (G)

In: Economics

You have been given the following information about a motel for the coming year:                             &

You have been given the following information about a motel for the coming year:                                                  

(A)            Occupancy Forecast         75%

(B)            Rooms department variable cost per occupied room is estimated to be     $7.75                                       

(C)            Owners' investment          $800,000

(D)            Desired after tax yield on owners' investment        15%

(E)             Current income tax rate                  30%

(F)             The motels fixed costs for the coming year were anticipated to be                 825,000                                  

(G)            The motel has this many rooms available to rent     100

(H)            Days opened each year    365

REQUIRED:                                                                                                                                         

  1. Calculate the Annual Revenue required to reach the desired after-tax yield on the owner's investment
  2. Calculate the Number of Occupied Rooms required to achieve the PROFIT objective.
  3. Calculate the Average Room Rate required to achieve the PROFIT objective.                              
  4. Created a legend of key monetary items
  5. Provide a schedule of fixed costs
  6. Provide your answer in Contribution Margin Format        
  7. Make sure you provide brief detail on how you arrived at REQUESTED key numbers.                               

                                                                                                           

In: Accounting

A homeowner borrows $300,000 over a 15-year mortgage term, fully amortising and

A homeowner borrows $300,000 over a 15-year mortgage term, fully amortising and payable monthly, at an interest rate of 4.5% per year fixed for 6 years, and is charged a closing fee of 2% on the principal sum.

a)       What is the monthly repayment amount for the initial 6-year period?

b)      What is the APR (annual percentage rate) over the full loan term?

At the expiry of the 6-year interest period, the interest rate changes to 5.5% for the remainder of the loan.

c)       What is the principal balance at the end of the 6-year period?

d)      What is the monthly repayment amount for the remainder of the loan?

e)      How much interest would be saved over the remainder of the loan if the homeowner chooses to repay an extra $100 a month on top of the above repayment amount?

In: Accounting