The December 31, Year 4, balance sheet for Rundle Corporation is presented here. These are the only accounts on Rundle’s balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information:

Required
a. Compute the balance in trade accounts payable as of December 31, Year 4.
b. Compute the balance in retained earnings as of December 31, Year 4.
c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year.)

One year borrowing and deposit interest rates are 10% and 8% respectively in

the US and 8% and 6% respectively in Spain. The spot exchange rate for the

US dollar is $1.25 to the EURO. The 12-month forward rate is $1.30

i) Assuming you do not have any initial investment funds, suggest a way you

might profit from the pricing inconsistency presented above.

(ii) Explain why some of the figures in the question of borrowing and deposit rates are not used.

determine the tax liability for tax year 2017 in each of the following instances. in each case, assume the taxpayer can take only the standard deduction. use the appropriate taxtable and tax rate schedules.
a. single taxpayer, not household, with AGI of $23493 and one dependent.
b. A single taxpayer, not head of household, with AGI of $169783 and no dependents.
c. A married couple filling jointly with AGI of $39945 and two dependents.
d. a married couple filling jointly with AGI of 162288 and three dependents. ( round your intermediate computation to two decimal places and final answer to the nearest amount)
e. A married couple filling jointly with AGI of $301947 and one dependent.
f.taxpayer filing separately with AGI of $68996 and one dependent.
g. A qualifying widow, age 66, with AGI of $ 49240 and one dependent.
h. A head of household with AGI of $14392 and two dependents.
I. A head of household with AGI of $59226 and one dependent

Last year Minden Company introduced a new product and sold 25,100 units of it at a price of $95 per unit. The product's variable expenses are $65 per unit and its fixed expenses are $834,300 per year.

Required:

1. What was this product's net operating income (loss) last year?

2. What is the product's break-even point in unit sales and dollar sales?

3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2 (e.g., $68, $66, etc.), what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit?

4. What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requirement 3?

An entity, a health club, enters into a one-year membership with a customer of low credit quality. The transaction price of the contract is $120, and $10 is due at the beginning of each month. The standalone selling price of the monthly service is $10. The entity’s usual business practice for a customer of this credit quality is to require that the customer pay for each month of access in advance.

Should the entity identify this as a contract under Topic 606? Please explain why or why not?

Bill Grignard was well for the first 10 months of his life. In the next year he had pneumonia once, several episodes of otitis media (inflammation of middle ear) and on once occasion developed erysipelas (skin streptococcal infection) on his right cheek. These infections were all treated successfully with antibiotics but seemed to his mother, a nurse, that he was constantly on antibiotics.

His mother had two brothers who all died, 30 years prior to Bill’s birth, from pneumonia in their second year of life, before antibiotics were available. She also had two sisters who were well; one had a healthy son and daughter and the other a healthy daughter.

Bill was a bright and active child who gained weight, grew and developed normally but he continued to have repeated infections of the ears and sinuses and twice again pneumonia. At 2 years 3 months his local pediatrician tested his serum immunoglobulin is. He found 80 mg/ dl IgG ( normal is 600-1500 mg/dl), no IgA (normal is 50-125 mg/dl) and only 10 mg/dl IgM (normal is 75-150 mg/dl).

Bill was started on monthly intramuscular injections of gamma globulin; his serum IgG level was maintained at 200 mg/dl. He started school at age 5 years and performed well despite prolonged absences because of recurrent pneumonia and other infections.

At age 9 he was referred to the Children’s Hospital because of atelectasis (partial lung collapse) and a chronic cough. On physical examination he was found to be a well-developed alert boy. He weighed 33.5 kg and was 146 cm tall (normal). The doctor noted he had no visible tonsils (he never had a tonsillectomy). With a stethoscope the doctor also heard rales (moist crackles) at both lung bases.

Further family history revealed that Bill had one younger sibling, John, a 7 year old brother who also had contracted pneumonia on 3 occasions. John had a serum IgG of 150 mg/dl.

Laboratory studies at the time of Bill/s visit to the Children’s Hosptial gave a white blood cell count of 5100/ ul (normal) of which 45% were neutrophils (normal), 43% were lymphocytes (normal), 10% were monocytes (elevated) and 2% were eosinophils (normal).

Flow cytometry showed of lymphocytes, 85% were T cells ( 55% CD4, 29% CD8), however there was a complete lack of B cells (CD19+, normal 12%). Serum IgG remained low at 155 mg/dl and serum IgA and IgM were still undetectable.

3. Read the description paragraph below and identify/diagnose what the patient is experiencing (ie disease or immunological problem).

2. Once you identify the problem, think over what we have covered in class and describe what the outcomes of the disease or immunological problem is in the context of the immune system and where might there be deficiencies or problems with the normal immune system function.

3. Lastly, describe how the immune system would be working in a healthy individual. This could include a brief description of how the specific part of the immune system identified as being deficient normally works in a stepwise pathway that we cover in class. You can either use words to describe these pathways or you can draw pictures well annotated with high detail and include them as pictures with your word document you submit.

A company began operations at the start of 2015. During the year, it made cash sales of $150,000 and credit sales totaling $500,000. $420,000 in cash from these credit sales was collected during the year. The company purchased land for $60,000 for a new location. Expenses totaled $339,000, of which $300,000 was paid in cash. Dividends of $10,000 were paid to stockholders.   What was net income for 2015?

Consider a project with free cash flows in one year of ​$145,769 or $167,218 with each outcome being equally likely. The initial investment required for the project is ​$108, 996 and the​project'scost of capital is 22 %.The​risk-freeinterest rate is 7 %

.a. What is the NPV of this​project?

b. Suppose that to raise the funds for the initial​investment,the project is sold to investors as an​all-equityfirm. The equity holders will receive the cash flows of the project in one year. How much money can be raised in this

waylong dashthat ​is,what is the initial market value of the unlevered​equity?  

c.Suppose the initial ​$108,996 is instead raised by borrowing at the​risk-freeinterest rate. What are the cash flows of the levered​equity,what is its initial value and what is the initial equity according to​MM?