How are Investor losses reported on an individual tax return?
Do we financial account depreciation rules on our individual tax returns?
What does Cost Recovery mean?
In: Accounting
condition swyer syndrome .
Compare the development of the individual with the condition you chose in question #1 with the development of an individual of the same sex chromosome set, but without any of the mutations that caused the condition
In: Biology
Question 1
The following ratios have been computed for Cola Company for 2017.
Profit margin 12.5%
Times interest earned 8 times
Receivables turnover 4 times
Acid-test ratio 2 : 1
Current ratio 3 : 1
Debt to assets ratio 20%
Mason Company’s 2017 financial statements with missing information follow:
MASON COMPANY
Comparative Balance Sheet
December 31,
———————————————————————————————————————————
Assets 2017 2016
Cash............................................................................................. $ 30,000 $ 45,000
Short-term Investments............................................................... 10,000 25,000
Accounts receivable (net)............................................................ ? (6) 40,000
Inventory..................................................................................... ? (8) 50,000
Property, plant, and equipment (net)........................................... 200,000 160,000
Total assets........................................................................... $ ? (9) $320,000
Liabilities and stockholders' equity
Accounts payable......................................................................... $ ? (7) $ 30,000
Short-term notes payable............................................................. 40,000 35,000
Bonds payable............................................................................. ? (10) 20,000
Common stock............................................................................. 220,000 200,000
Retained earnings........................................................................ 60,000 35,000
Total liabilities and stockholders' equity.............................. $ ? (11) $320,000
MASON COMPANY
Income Statement
For the Year Ended December 31, 2017
———————————————————————————————————————————
Net sales....................................................................................... $200,000
Cost of goods sold....................................................................... 75,000
Gross profit.................................................................................. 125,000
Expenses:
Depreciation expense............................................................. $ ? (5)
Interest expense..................................................................... 5,000
Selling expenses..................................................................... 8,000
Administrative expenses........................................................ 12,000
Total expenses.................................................................. ? (4)
Income before income taxes........................................................ ? (2)
Income tax expense............................................................... ? (3)
Net income................................................................................... $ ? (1)
Required
Use the above ratios and information from the Mason Company financial statements to fill in
the missing information on the financial statements. Follow the sequence indicated. Show
computations that support your answers.
In: Accounting
Shamsud Ltd. operates on a calendar-year basis. At the beginning of December 2016, the company had the following current liabilities on its books:
|
Accounts payable |
$85,000 |
|
Rent payable |
10,000 |
|
Warranty provision |
12,000 |
|
Unearned revenue |
14,000 |
In December, the following events occurred:
1.Shamsud purchased a new computer system on account at a cost of $28,000, payable on January 15, 2017. In addition to this, $4,000 was paid in cash to have the new system installed and customized to the company's requirements.
2.The company purchased inventory for $93,000 on account and made payments of $86,000 to its suppliers.
3.The rent that was payable at the beginning of December represented the payment that should have been made in November. In December, Shamsud paid the past rent owed, as well as the rent for December and January.
4.By December 31, the company had earned $5,000 of the service revenue that was received in advance from customers.
5.Shamsud's employees are paid a total of $2,000 per day. Three work days elapsed between the last payday and the end of the fiscal year. (Ignore deductions for income tax, CPP, and EI.)
6.The company's products are sold with a two-year warranty. Shamsud estimates its warranty expense for the year (not previously recorded) as $16,000. During December, it paid $1,200 in warranty claims.
Required:
a.
Prepare the journal entries to record the December transactions and adjustments. (Ignore the amounts that the company pays for its share of CPP and EI.)
b.
Prepare the current liability section of Shamsud's statement of financial position on December 31, 2016.
In: Accounting
In: Physics
The instructor will assign you a scenario that includes a client's pertinent personal and financial information. Using your client's information and what you have learned in this course, develop an investment policy statement for your client, offer recommendations for the client's portfolio, and provide a justification for the recommendations presented. The policy statement should be 500-750 words and must include the following information:
Here is the scenario to be considered:
Client is a 70-year-old retired entrepreneur, active and in excellent health, with no children. He continues to hold a substantial number of shares in a business he founded, the total value of which is $25 million. In addition to the private company shares, he has $10 million cash, $5 million stocks, $5 million municipal bonds, $6 million commercial property fully leased, and $1 million home. With no children surviving him, he intends to leave his entire estate to a research foundation seeking a cure for the disease that ended his wife’s life.
In: Finance
Read the following case study and answer the questions that follow:
Grace Speak is a fourth-year student at Best University. She and her fellow classmates are working hard in their final courses and preparing for exams. Inspired by the teamwork that the healthcare profession espouses, Grace gets an idea for a study group. She thinks it will really help to share case experiences, course notes, and study tips. Unfortunately, several members of her peer group live out of town, which makes it difficult for them to participate fully. Grace is torn, as she does not want to exclude them from the study group. When she voices her concerns to a classmate, her friend suggests using social media tools as the primary medium for sharing information.
Ground Rules
[Write your response here.]
Rationale
[Write your response here.]
[Write your response here.]
In: Nursing
The following represents the results of a survey in which individuals were asked to share what they perceive to be the ideal number of children.
|
0 |
1 |
2 |
3 |
4 |
5 |
6 |
|
|
Female |
11 |
8 |
92 |
65 |
35 |
3 |
2 |
|
Male |
8 |
15 |
74 |
42 |
21 |
3 |
1 |
a. What is the probability an individual believes the ideal number of children is 2?
b. What is the probability an individual is male and believes the ideal number o f children is 3?
c. Among the females, what’s the probability the individual believes the ideal number is 3?
d. What is the probability an individual believes the ideal number of children is at least 4?
In: Statistics and Probability
Partial Insurance: An individual has $2000 in physical assets, and $600 in cash initially. This person faces the following loss distribution to the wealth. Full insurance is available at $600
|
Probability |
Loss |
|
0.5 |
0 |
|
0.1 |
200 |
|
0.2 |
400 |
|
0.1 |
1000 |
|
0.1 |
2000 |
The Individual can also buy partial insurance with i. a $200 deductible, or ii. 75% coinsurance, or iii. Upper limit on coverage, with the limit being $1000. The premium on each partial coverage policy is $450. Provide a ranking of the four types of policies for the individual, in terms of preference if the preference function is given by U(FW) = LN(1+FW), where FW is final wealth of the individual.
In: Economics
Get to know an adolescent or adult through observation(s). 17 year female Briefly, clearly, and objectively present the specific current observation of the individual. The primary emphasis of the paper is the specific current observation of the individual for at least one (1) hour total. Background information should be brief and to the point. If you do an interview it is not considered the observation. o The information you obtain is for Background Information. The observation is not a review of experiences and observations you may have had with the individual over a period of time. o This is Background Information. You can include what you experienced through playing and talking with the individual, but the emphasis should be what you observed.
In: Psychology