During its prior tax year, your client acquired from a third party a license granted by the federal government. The client tells you that he/she believes that the license has a useful life of 8 years and produces a report, prepared by another firm, supporting that useful life. You look at the report and do not believe that it is very convincing. Discuss how you would handle this situation keeping in mind any ethical and professional considerations. What are the penalty risks to your client and your own firm if you rely on this report?Be sure to back up your opinion with articles from the Keiser University library and Treasury Department Circular No. 230.
In: Accounting
I WANT TO IMPLEMENT THIS IN JAVA PLEASE
I want to create a small user input system for a university student, where they put the season and year of when they started their uni course. For example the system will ask "What year did you start your degree?", the user will input "Autumn/2022" as a string. Now from a string format as shown, it should take that user input and calculate for example +2 or +3 years to the date. Also it needs to be able to change from Autumn, to another season depending on the amount of years it takes. So if the course will take 3 years, the student will finish "Summer/2025".
How can I implement this?
In: Computer Science
I WANT TO IMPLEMENT THIS IN JAVA PLEASE I want to create a small user input system for a university student, where they put the season and year of when they started their uni course. For example the system will ask "What year did you start your degree?", the user will input "Autumn/2022" as a string. Now from a string format as shown, it should take that user input and calculate for example +2 or +3 years to the date. Also it needs to be able to change from Autumn, to another season depending on the amount of years it takes. So if the course will take 3 years, the student will finish "Summer/2025". How can I implement this?
In: Computer Science
Suppose an employer gives employees an insurance discount based on number of hours of physical fitness activities. Who benefits from the program? Who is harmed? Is this ethical?
Suppose an employer charges all employees the same premium, regardless of their health habits, Who benefits? Who is harmed? Is this ethical?
In: Operations Management
1. The Graduate Management Admission Test (GMAT) is a test required for admission into many masters of business administration (MBA) programs. Suppose a random sample of 8 students took the test, and their scores are given below. 699, 560, 414, 570, 521, 663, 727, 413
-Find a point estimate of the population mean -Construct and interpret a 95% confidence interval for the true mean score for the population.
-How many students should be surveyed to estimate the mean score within 25 points with 90% confidence?
-How many students should be surveyed to estimate the mean score within 25 points with 95% confidence?
-. How many students should be surveyed to estimate the mean score within 25 points with 99% confidence?
In: Statistics and Probability
Each of the following situations require some trade-offs. You are supposed to analyze and discuss a few trade-offs with respect to each of the given situation. a) A Parliamentarian has to make a decision whether to spend on Karachi’s sewerage system (1 Mark) b) President of a corporation wants to make a decision whether to start a new factory. (1 Mark) c) A middle income family wants to decide whether to buy a new Honda City. (1 Mark) d) A student who’s recently finished his BBA wants to decide whether to start his MBA. (1 Mark) e) Federal government wants to decide whether to spend on welfare of poor people during COVID-19 pandemic (1 Mark)
In: Economics
Assuming assumptions have been met (e.g., sample sizes, similar variances), for each of the following scenarios, determine whether a single mean z test, single mean t test, paired means t test, independent means t test, one-way between groups ANOVA, or one-way within groups ANOVA should be used. Explain why that procedure is appropriate.
A. Are the mean sale prices of two-bedroom homes different in Oregon, Washington, and Idaho? Data are collected from random samples of two-bedroom homes from each state. [5 points]
One way between groups ANOVA because you’re looking at 3+ independent groups and data is collected
B. Are scores on a new quantitative measure of statistics anxiety different for students taking PSY 298 online compared to students taking PSY 298 on campus? [5 points]
C. SAT-Math scores are normally distributed with a mean of 500 and standard deviation of 100. Is the average SAT-Math score of all psychology majors at one large university different from the national norm of 500 [5 points] Single sample z-test because we’re comparing the mean sat math score in a population to the mean of the sat score at a university.
D. Do students score differently on a measure of statistics knowledge at the beginning of PSY 298, end of PSY 298, and one year after completing PSY 298? Data are collected from a sample of 50 students. Each student takes the same quantitative measure of statistics knowledge at the beginning of PSY 298, end of PSY 298, and one year after completing PSY 298. [5 points]
In: Statistics and Probability
Each of these scenarios requires you to determine what the best source for a suitable candidate may be.
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In: Operations Management
Please do not just give the answer. Please also explain how you got them. Thanks!
1. Which of the following is not a valid method of applying LCNRV:
A. logical categories of inventory (i.e. product line)
B. the entire inventory
C. inventory items to be sold within the next year
D. individual inventory items
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E. None of the answer choices are correct |
2. Which of the following would not require the company to account for the change retrospectively?
A. From average cost to FIFO.
B. From FIFO to average cost.
C. From LIFO to FIFO.
D. From LIFO to average cost
|
E. None of the answer choices are correct |
3. Gains on the cash sales of property, plant, and equipment (PP&E):
A. Are the excess of the book value over the cash proceeds.
B. Are part of cash flows from operations.
C. Are reported on a net-of-tax basis if material.
D. Are the excess of the cash proceeds over the fair value of the assets sold.
E. None of these answer choices are correct.
4. Collection of accounts receivable that previously have been written off results in an increase in cash and an increase in:
A) Accounts receivable.
B) Allowance for uncollectible accounts.
C) Bad debts expense.
D) Retained earnings.
E) None of the answers are correct.
In: Accounting
Problem 6-2AA Periodic: Alternative cost flows LO P3
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 200 | units | @ $90 per unit | |||||||
| Mar. | 5 | Purchase | 500 | units | @ $95 per unit | |||||||
| Mar. | 9 | Sales | 520 | units | @ $125 per unit | |||||||
| Mar. | 18 | Purchase | 320 | units | @ $100 per unit | |||||||
| Mar. | 25 | Purchase | 400 | units | @ $102 per unit | |||||||
| Mar. | 29 | Sales | 360 | units | @ $135 per unit | |||||||
| Totals | 1,420 | units | 880 | units | ||||||||
For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 450 units from the March 5 purchase; the March 29 sale consisted of 140 units from the March 18 purchase and 220 units from the March 25 purchase.
Required.
Part one. Compute cost of goods available for sale
and the number of units available for sale.
Part two. Compute the number of units in ending inventory.
Part three. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.)
Part four. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)
In: Accounting