Please complete just Form 1040 (you do not need to fill out a Schedule C or Schedule D, but you can use them to calculate numbers to enter into Form 1040) for a client with the following tax situation:

Paul Gigornovich

Address: 123 HillCrest Lane, San Diego, CA 92101

Wage income: $45,000/00

W2 Federal Tax Withholdings: $4,000.00

Net Long Term Stock Sales Gain: $8,000.00

Net Short Term Sock Sale Loss: -$12,000.00

Sole Proprietorship Business

Gross Income: $80,000.00

Expenses:

Interest: $8,000.00

Meals: $400.00

Continuing Education 1 day Program where he had to fly to a different state:

$900 Airfare

$600 Hotel ($300 per night)

$250 Meals (over and above the other $400.00 in meals) ($125 per day)

$350 Opera Tickets

Some transactions undertaken in 2018 by the country of Moyes with the rest of the world are shown below. The currency of Moyes is the Moyes marks-
BM
( i ) A French retail chain has imported 50,000 BM worth of wine from Moyes. The goods were invoiced in euros.
( ii ) Citizens of Moyes spent 30,000 BM abroad on hotel bills and 20,000 BM on souvenir purchases.
( iii ) A British company sold a radar, worth 10,000 BM to the army of Moyes. The radar was priced in pound sterling.
( iv ) As part of its portfolio diversification strategy, the National Pension Fund of Moyes purchased 15,000 BM worth of shares on the Tokyo Stock Exchange.
( v ) Bino Ltd received 25,000 BM worth of dividends from the investments it holds in a US company

Required:
Classify in Debit/Credit form, these transactions as sub-components of the current account or capital/ financial account.

A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $594. Customers prepay their subscriptions and receive 290 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $560 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $550 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

1. How much revenue should Manhattan Today recognize upon receipt of the $560 subscription price?

2. How many performance obligations exist in this contract?

3. Prepare the journal entry to recognize sale of 11 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

The amount of time that people spend at Grover Hot Springs is normally distributed with a mean of 71 minutes and a standard deviation of 17 minutes. Suppose one person at the hot springs is randomly chosen. Let X = the amount of time that person spent at Grover Hot Springs . Round all answers to 4 decimal places where possible.

a. What is the distribution of X? X ~ N(Correct,Correct)  

b. Find the probability that a randomly selected person at the hot springs stays longer then 90 minutes.  

c. The park service is considering offering a discount for the 7% of their patrons who spend the least time at the hot springs. What is the longest amount of time a patron can spend at the hot springs and still receive the discount?  minutes.

d. Find the Inter Quartile Range (IQR) for time spent at the hot springs.
Q1:  minutes  
Q3:  minutes  
IQR:  minutes

Write a program in Java Using object Orientation Design to determine the status of Mini Van Doors. A logical circuit receives a different binary code to allow opening different doors. The doors can be opened by a dashboard switch, inside or outside handle. The inside handle will not open the door if the child safety lock is on or the master lock is on. The gear shift must be in the park to open the door.

1. A method must be written to indicate the gear shift status and return to main.
2. A method to display which door is open or can be opened.
3. A method to show the status of all doors
4. A method to convert the code to decimal and store in the text file (Character based) as a record.

** MUST USE constructors and methods. The methods should be instantiated by an object. Use simple main. The first bit Stream must be entered by users. The program needs to be interactive

The amount of time that people spend at Grover Hot Springs is normally distributed with a mean of 80 minutes and a standard deviation of 14 minutes. Suppose one person at the hot springs is randomly chosen. Let X = the amount of time that person spent at Grover Hot Springs . Round all answers to 4 decimal places where possible.

a. What is the distribution of X? X ~ N(,)

b. Find the probability that a randomly selected person at the hot springs stays longer then 89 minutes.

c. The park service is considering offering a discount for the 4% of their patrons who spend the least time at the hot springs. What is the longest amount of time a patron can spend at the hot springs and still receive the discount?  minutes.

d. Find the Inter Quartile Range (IQR) for time spent at the hot springs.
Q1:  minutes
Q3:  minutes
IQR:  minutes

A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $216. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $210 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $200 per hour. The company estimates that approximately 30% of the coupons will be redeemed. Required: 1. How much revenue should Manhattan Today recognize upon receipt of the $210 subscription price? 2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 15 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

The UDairy ice cream truck plans to sell ice cream at an upcoming alumni event in Central Park (NYC). From past events, demand for ice cream is highly weather dependent. On rainy days, demand is normally distributed with a mean of 120 scoops and standard deviation of 35 scoops. On non-rainy days, demand is normally distributed with a mean of 200 scoops and standard deviation of 60 scoops. The ice cream truck will be loaded two days before the event and travel to NYC. If the UDairy truck plans to bring enough ice cream to maintain a 90% service level for a rainy day, but the day surprisingly turns out to be non-rainy, what is the probability of the ice cream truck stocking out? For simplicity, assume the number of scoops demanded is a continuous variable. Enter probability as a three-digit decimal (e.g. 0.500, 0.275, 0.942).

In this week's discussion your are going to be the CEO of a company.  In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the challenge that cost-push inflation having on profits.  Please make yourself CEO of only one of these hypothetical companies.

All America Grocery Inc - We serve communities in the middle of the income market providing low prices for all basic grocery needs. Our modest income consumers expect goods deals on good quality foods.  The Covid-19 pandemic has put upward pressure on the price of everything we sell. We have also experience rising cost in every aspect of our operation as we have to put extra resources in to protecting both our employees and the public. We are both fortunate and unfortunate that the price elasticity of demand for food is .20.  

Very Big US Auto - Very Big US Auto is one of the oldest and one of the largest auto manufacturers of autos in the US.  Very Big US Auto's supply chain is highly dependent components manufactured in China and assembled in the US. Like the US economy the Chinese continue to have major stoppage in production due to Covid-19. Additionally manufacturing facilities like ours must take extra precaution to keep workers safe. Costs are rising we are experiencing rising costs.  Very Big US Auto know that demand is relatively elastic with a price elasticity of demand of 1.2. We also know that the supply of auto is relatively inelastic and all our competitors are facing the same cost increase.

Big Time Entertainment - Big Time Entertainment is a nationwide firm providing movies, arcades and other entertainment venues such as bowling and roller skating. Our operations have been heavily impacted during the Covid-19 pandemic. On reopening we have been faced with a host of regulations that have greatly increased our cost of operation, everything to operating far below our optimal number of patron to higher cost for cleaning and other measure to protect the public and our employees. Price elasticity of demand is 1.6 and we are also face with competitors, online entertainment and gaming, that are not experiencing these cost pressures.

Now explain:

• Is the demand curve for your product relatively elastic, inelastic or unitary elastic?  Demonstrate for your company's product, by how much the quantity demanded will change if you pass on a 10% increase in cost. In other words, show your calculation of the percentage change in the quantity demanded given a 10% change in your price. You must provide a calculations showing the percentage change in quantity demanded.
• Given your company's and price elasticity of demand and the industry supply/competitive environment you face prepare a statement for your board as to the potential impact on profits.   Who will pay the larger share of the cost increases, your firm or your customers?

Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for $72,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for $31,800.

A new piece of equipment will cost $200,000. It also falls into the five-year category for MACRS depreciation.

Assume the new equipment would provide the following stream of added cost savings for the next six years.

Year Cash Savings

1 $69,000    

2 61,000    

3 59,000    

4 57,000    

5 54,000    

6 43,000    

The firms tax rate is 25 percent and the cost of capital is 12 percent.

e.What is the net cost of the new equipment? (Include the inflow from the sale of the old equipment.) (do not round intermediate calculations and round answer to the nearest whole dollar)  

Net cost$  

f.Determine the depreciation schedule for the new equipment. (round the depreciation base and annual depreciation answers to the nearest whole dollar. round the percentage depreciation factors to 3 decimal places )

Year DepreciationBase   PercentageDepreciation AnnualDepreciation

1   

2

3

4

5

6

$   

g.Determine the depreciation schedule for the remaining years of the old equipment. (round the depreciation base and annual depreciation answers to the nearest whole dollar. round the percentage depreciation factors to 3 decimal places )

Year DepreciationBase PercentageDepreciation AnnualDepreciation

1      

2

3

4

h.Determine the incremental depreciation between the old and new equipment and the related tax shield benefits. (enter the tax rate as a decimal rounded to 2 decimal places. round all other answers to the nearest whole dollar)

Year Depre onNewEquip Depre onoldEquip IncrementalDepre TaxRate  TaxShieldBenefits

1

2          

3          

4          

5        

6        

i.Compute the aftertax benefits of the cost savings. (enter the tax rate as a decimal rounded to 2 decimal places. round all other answers to the nearest whole dollar)

Year. Savings. (1 - Tax Rate) Aftertax Savings

1 $69,000     

2 61,000     

3 59,000     

4 57,000     

5 54,000     

6 43,000     

j-1.Add the depreciation tax shield benefits and the aftertax cost savings to determine the total annual benefits. (Do not round intermediate calculations and round your answer to the nearest whole dollar)

Year TaxShieldBenefits fromDepreciation AftertaxCostSavings Total Annual Benefits

1      

2

3

4

5

6

j-2.Compute the present value of the total annual benefits. (Do not round intermediate calculations and round your answer to the nearest whole dollar)  

Total annual benefits$  

k-1.Compare the present value of the incremental benefits (j) to the net cost of the new equipment (e). (do not round intermediate calculations. negative amount should be indicated by a minus sign. round your answer to the nearest dollar)

  Net present value$