In 2020, John and Emma, married filing joint taxpayers, have adjusted gross income of $430,000. Their AGI includes $10,000 of interest income. They have no dependents and have $50,000 of itemize deductions. What is their 2020 federal income tax?

A) $83,631 B) $83,829 C) $89,212 D) $89,404

In December 2019, Emily, a cash basis taxpayer, received a $2,500 cash scholarship for the spring semester of 2020. However, she did not use the funds to pay the tuition until January 2020. Emily can exclude the $2,500 from her gross income in 2019.

a. True

b. False  

Using the Black-Scholes option pricing model, what is the price of a $1,310 2020-04-24 European call option for Alphabet Inc. (GOOG) stock purchased on 2020-03-16, assuming that the option implied volatility is 53%, the stock price is $1,084, and the risk-free rate is 1.5%?

Step 1 – Analyze Business Transactions (Accounting Cycle) Assume that you are the Financial Accountant of a newly started business from your chosen in August 2020: You are requested to assume the chosen business transactions during the month of August 2020 and analyze it by shown the impact of these transactions on the accounting equation!

A company paid the $1,350 premium on a three-year insurance policy on April 1, 2020. The policy gave protection beginning on that date. How many dollars of the premium will appear as an expense on the calendar year 2020 income statement assuming the accrual basis of accounting? Assuming the cash basis of accounting?

On January 1, 2020, Charles Corporation purchased 40% of the common shares of River Company for $400,000. During the year, River earned net income of $120,000 and paid dividends of $40,000.

Prepare the entries for Charles to record the purchase and any additional entries related to this investment in River Company in 2020.

Consider the real intertemporal model with investment (closed economy).

a. Using multiple related diagrams, show how the labor market, production function, output supply, output demand, and interest rate all relate.

b. Explain what influences the labor market, production function, output supply, output demand, and interest rate and how they relate

What are the dimensions of the box so that the cost of materials is minimized?

A closed rectangular box has a volume of 16 cubic feet. It’s made of two different materials; the top and bottom are made of a material that costs 10 cents per square foot while the sides are made of material that costs 5 cents per square foot.

Recall the following definition: For X a topological space, and for A ⊆ X, we define the closure of A as cl(A) = ⋂{B ⊆ X : B is closed in X and A ⊆ B}. Let x ∈ X. Prove that x ∈ cl(A) if and only if every neighborhood of x contains a point from A. You may not use any definitions of cl(A) other than the one given.