Operating Section of Statement of Cash Flows (Indirect Method)
Assume following are the income statement and balance sheet for Nike for the year ended May 31, 2012, and a forecasted income statement and balance sheet for 2013.

* Gross property, plant and equipment and accumulated depreciation are inserted in the balance sheet; both are taken from footnotes to the financial statements.

Prepare the net cash flows from operating activities section of a forecasted statement of cash flows for 2013 using the indirect method. Treat current and noncurrent deferred tax assets and liabilities as operating. Operating expenses (such as Cost of sales and Selling and administrative expense) for 2013 include estimated depreciation expense of $339 million and amortization expense of $39 million. Estimated 2013 retained earnings includes dividends of $467 million.

Enter answers using one decimal place as shown in the above financial statements.

Use negative signs with answers to show a decrease in cash.

Question 11

A particular fruit's weights are normally distributed, with a mean of 701 grams and a standard deviation of 7 grams.
If you pick one fruit at random, what is the probability that it will weigh between 705 grams and 714 grams.

Question 12

A particular fruit's weights are normally distributed, with a mean of 626 grams and a standard deviation of 20 grams.
The heaviest 15% of fruits weigh more than how many grams?
Give your answer to the nearest gram.

Question 13

A variable xx is normally distributed with mean 20 and standard deviation 8.
Round your answers to the nearest hundredth as needed.

a) Determine the zz-score for x=25x=25.

z=

b) Determine the zz-score for x=15x=15.

z=

c) What value of xx has a zz-score of 0.880.88?

x=

d) What value of xx has a zz-score of −0.3-0.3?

x=

e) What value of xx has a zz-score of 00?

x=

Question 14

The annual rainfall in a certain region is approximately normally distributed with mean 42.7 inches and standard deviation 5.5 inches. Round answers to the nearest tenth of a percent.

a) What percentage of years will have an annual rainfall of less than 44 inches? %
b) What percentage of years will have an annual rainfall of more than 39 inches? %
c) What percentage of years will have an annual rainfall of between 37 inches and 43 inches? %

Question 15

A variable is normally distributed with mean 17 and standard deviation 3. Use your graphing calculator to find each of the following areas. Write your answers in decimal form. Round to the nearest thousandth as needed.

a) Find the area to the left of 19.
b) Find the area to the left of 11.
c) Find the area to the right of 16.
d) Find the area to the right of 20.
e) Find the area between 11 and 27.

Question 16

z = 3 is what percentile?

percentile =

State your answer to the nearest tenth of a percent.

Question 17

Noelle and Ashley began arguing about who did better on their tests, but they couldn't decide who did better given that they took different tests. Noelle took a test in Science and earned a 79.4, and Ashley took a test in English and earned a 67.5. Use the fact that all the students' test grades in the Science class had a mean of 75.1 and a standard deviation of 11.5, and all the students' test grades in English had a mean of 66.9 and a standard deviation of 10.6 to answer the following questions.

a) Calculate the z-score for Noelle's test grade.
z=


b) Calculate the z-score for Ashley's test grade.
z=


c) Which person did relatively better?

• Noelle
• Ashley
• They did equally well.

Question 18

A population of values has an unknown distribution with μ=93.3μ=93.3 and σ=65.8σ=65.8. You intend to draw a random sample of size n=39n=39.

What is the mean of the distribution of sample means?
μx=(Please enter an exact answer.)

What is the standard deviation of the distribution of sample means?
σx=(Please report your answer accurate to 2 decimal places.)

Question 19

A population of values has a normal distribution with μ=271.8μ=271.8 and σ=4.6σ=4.6. You intend to draw a random sample of size n=10n=10.
Round zz to two (2) decimal places and final answer to 4 decimal places.

Find the probability that a single randomly selected value is less than 275.
P(x<275)=P(x<275)=

Find the probability that a sample of size n=10n=10 is randomly selected with a mean less than 275.
P(¯x<275)=P(x¯<275)=

Create a Matlab program to load in the attached file File_Q5_Use.csv. You will first need to click on the link to open it, then save it as a .csv file in the directory you are using in your Matlab programs before you can load it in to Matlab.

It has 2 columns, the first column is the x values, the second column is the y values. Set Figure (1). Plot the points using red stars and a blue line with a title of 'Original Points' and get a general idea of what the degree of the polynomial is. It might be easier to split the matrix into 2 vectors x_vec and y_vec.

From the graph - where approximately are the real zeros of this polynomial? Does this polynomial appear to be ODD or EVEN. ? Answer the questions in the %RESULTS.  

After this plot, set Figure (2) to get a different Figure window open but so that the old figure window does not close.

Next, use POLYFIT to find the polynomial that fits the data [Hint: it is less than degree 8 and more than degree 1]. Use a FOR loop to cycle through the from n = 2:1:7 and do the following on each loop:

a. Find using POLYFIT, the polynomial for each degree of n. Do NOT suppress the values of the coefficients returned by each pass through the FOR loop.  

b. Using SUBPLOT where n is the location, plot on the same graph, the original points using red stars and the polynomial created by POLYFIT using a range of [-3:0.1:3] using a blue line. Make a title for each subgraph showing the degree of the polynomial fitted.  

Based upon the 6 graphs, which do you think is the correct degree of the polynomial? Answer in %RESULTS.

The basis for this polynomial was: 2x^5 - 3x^4 + 2x^3 -3x^2 - 144x + 216 = 0. Create a Figure 3 which plots the original points in red stars and points from this polynomial in a blue line for a range of [-3 : 0.1 : 3 ].  

Looking at the graphs, how many data points appear to be outliers, i.e. they probably should not be used in the graph? Answer in %RESULTS.

Looking at the graphs, the plots for degree 5, 6, 7 all appear to be almost the same. Switch to full screen to examine Figure 2. Remembering that the line of best fit passes through as many points as possible and minimizes the distances between the line and the points, can you determine by eye which degree of 5, 6, or 7 would be best?

Save as LastName_FirstName_Quiz_5_6_Q5

File to open. Hint: Make sure this file is in the same directory where you are saving LastName_FirstName_Quiz_5_6_Q5.

File_Q5_Use.csv

this is the file content

Is the percentage average room rate increase from May to August affected by the number of stars of a hotel? In order to answer this question you are asked to use one way analysis of variance. 1.1 Compute the percentage Average Room Rate Increase from May to August for each hotel in the sample, rounding up to the second decimal. Call this variable PCT_ARR_INCREASE. 1.2 State the null and alternative hypotheses.

We have 3 columns ARR_MAY(AVERAGE ROOM RATE MAY) ,ARR_AUG(AVERAGE ROOM RATE AUG) AND STARS

STARS   ARR_MAY   ARR_AUG
5   95   160
5   94   173
5   81   174
5   131   225
5   90   195
5   71   136
5   85   114
4   70   159
4   64   109
4   68   148
4   64   132
4   59   128
4   25   63
3   76   130
3   40   60
3   60   70
3   51   65
3   65   90
2   45   55
1   35   90
4   22   51
4   70   100
3   60   120
3   40   60
3   48   55
2   52   60
2   53   104
2   80   110
2   40   50
1   59   128
4   90   105
3   94   104
2   29   53
2   26   44
1   42   54
1   30   35
2   47   50
1   31   49
1   35   45
1   40   55
1   40   55
1   35   40
3   40   55
4   57   97
2   35   40
5   113   235
5   61   132
5   112   240
5   100   130
4   87   152
4   112   211
4   95   160
4   47   102
4   77   178
4   48   91
3   60   104
3   25   33
5   68   140
4   55   75
3   38   75
3   45   70
3   45   90
5   100   180
4   180   250
3   38   84
3   99   218
3   45   95
2   28   40
2   30   55
1   16   35
3   40   70
2   60   100
1   16   20
2   22   41
2   55   100
1   40   100
1   80   120
1   80   120
1   18   35
3   80   100
2   30   45
1   40   65
1   30   50
1   25   70
1   30   35
4   215   265
4   133   218
2   35   95
2   100   150
2   70   100
5   60   90
5   119   211
5   93   162
5   81   138
5   44   128
5   100   187
5   98   183
5   100   150
5   102   211
5   103   160
4   40   56
4   69   123
4   112   213
4   80   124
3   53   91
4   73   134
4   94   120
4   70   100
3   40   75
3   50   90
3   70   120
3   80   95
3   85   120
3   50   80
3   30   68
3   30   100
2   32   55
2   50   90
2   70   120
2   30   73
2   94   120
4   100   180
2   70   120
2   19   45
2   35   70
2   50   80
1   25   45
1   30   50
2   55   80
3   95   120
1   25   31
1   16   40
1   16   40
1   19   23
1   30   40

PLEASE ANSWER QUESTION 1.1 AND 1.2 THANKS IN ADVANCE

Research the different nursing care facilities in your community. Discuss the pros and cons of the facility in terms of what they offer. Provide a brief report with the following questions:

• What is the basic rate for room, board, and services (it’s a good idea to get this information in writing)?
• What services are covered by this rate?
• Are there other services available and how much do they cost?
• What are the payment policies?
• What is the refund policy if someone leaves before the end of a month?
• What is the policy for rate increases?
• How long has the current administration been in place?
• Is there enough staff available to meet my needs?
• Is there frequent staff turnover?
• Is some level of nursing care provided (RN, LPN, Nursing
• Assistant)? How often is it available?
• Who will help me with medications if I need it (e.g. reminding me to take them, opening the bottle)?
• Can someone administer medications to me if I can’t take them myself (e.g. applying medication to my skin, putting a pill in my mouth)?
• Can someone help me if I need special care (e.g. caring for a wound)?
• What happens if I have an emergency? Can I get help right away?
• Are staffs suitably dressed, personable, and outgoing?
• Do the staff members treat residents with respect and dignity?
• Do staff members treat each other in a professional manner?
• What language does most of the staff speak?
• What type of help with personal care is available (e.g. bathing, dressing)?
• How flexible is the schedule for receiving help with personal care?
• What, if any, transportation services are available? (e.g. medical appointments, shopping, religious services).
• Will staff arrange for activities (e.g. hair appointment, concert)?
• How does the home support and accommodate personal hobbies?
• Are there regularly planned activities that I will enjoy?
• Will I be able to attend religious services of my choice?
• Can I bring my pet with me when I move?
• When can I have visitors?
• Are there shops, a library, a park, or other amenities within walking distance?
• Is the home close to activities I enjoy?
• Is the home on a bus line?
• Is there an outside area to sit, walk, or garden?
• Are there shops, a library, a park, or other amenities within walking distance?
• Is the home close to activities I enjoy?
• Is the home on a bus line?
• Is there an outside area to sit, walk, or garden?
• Is the floor plan easy to follow?
• Are doorways, hallways, and rooms accommodating to wheelchairs and walkers?
• Are there hand rails to help with walking and in the bathroom?
• Are cupboards and shelves easy to reach?
• Are there nonskid floors and firm carpets to assist walking?
• Does the home have good natural and artificial lighting?
• Is the home clean, free of odors, and well heated and cooled?
• Does the home meet my standards of cleanliness?
• Is the home free from obvious environmental hazards?
• Are the home’s rooms clean, safe, and adequate for my needs?
• Will I have free use of common areas, such as the kitchen, activity rooms, toilet facilities, dining room, or grounds?
• Can I smoke in my room or in common areas?
• What furniture is provided?
• Can I bring along some of my furniture or other personal items?
• Can I adjust the temperature of my room?
• Is there a sit-down shower?
• Can I have my own personal phone line or internet connection?
• Are emergency procedures clearly posted?
• Am I able to lock my room and/or are there locked areas in each room for personal valuables?
• Is the food pleasing, nutritious, adequate, and attractively served?
• What if I don’t like what is being served?
• Can I cook in my room?
• Are snacks available?
• Are there specific meal times or are they flexible?
• Is there a refrigerator available to store my personal food?
• Will the home meet my dietary or cultural food preferences?
• Can I request special foods?
• Do other residents socialize with each other and appear happy and comfortable?
• Do residents speak favorably of the facility?
• Do the residents look like people I want to live with?
• How are room changes and roommate concerns addressed?
• Is there a resident group that meets?
• Do any of the other residents have a history of violent or other problem behaviors? How are these situations handled by staff?

Research the different nursing care facilities in your community. Discuss the pros and cons of the facility in terms of what they offer. Provide a brief report with the following questions: • What is the basic rate for room, board, and services (it’s a good idea to get this information in writing)? • What services are covered by this rate? • Are there other services available and how much do they cost? • What are the payment policies? • What is the refund policy if someone leaves before the end of a month? • What is the policy for rate increases? • How long has the current administration been in place? • Is there enough staff available to meet my needs? • Is there frequent staff turnover? • Is some level of nursing care provided (RN, LPN, Nursing • Assistant)? How often is it available? • Who will help me with medications if I need it (e.g. reminding me to take them, opening the bottle)? • Can someone administer medications to me if I can’t take them myself (e.g. applying medication to my skin, putting a pill in my mouth)? • Can someone help me if I need special care (e.g. caring for a wound)? • What happens if I have an emergency? Can I get help right away? • Are staffs suitably dressed, personable, and outgoing? • Do the staff members treat residents with respect and dignity? • Do staff members treat each other in a professional manner? • What language does most of the staff speak? • What type of help with personal care is available (e.g. bathing, dressing)? • How flexible is the schedule for receiving help with personal care? • What, if any, transportation services are available? (e.g. medical appointments, shopping, religious services). • Will staff arrange for activities (e.g. hair appointment, concert)? • How does the home support and accommodate personal hobbies? • Are there regularly planned activities that I will enjoy? • Will I be able to attend religious services of my choice? • Can I bring my pet with me when I move? • When can I have visitors? • Are there shops, a library, a park, or other amenities within walking distance? • Is the home close to activities I enjoy? • Is the home on a bus line? • Is there an outside area to sit, walk, or garden? • Are there shops, a library, a park, or other amenities within walking distance? • Is the home close to activities I enjoy? • Is the home on a bus line? • Is there an outside area to sit, walk, or garden? • Is the floor plan easy to follow? • Are doorways, hallways, and rooms accommodating to wheelchairs and walkers? • Are there hand rails to help with walking and in the bathroom? • Are cupboards and shelves easy to reach? • Are there nonskid floors and firm carpets to assist walking? • Does the home have good natural and artificial lighting? • Is the home clean, free of odors, and well heated and cooled? • Does the home meet my standards of cleanliness? • Is the home free from obvious environmental hazards? • Are the home’s rooms clean, safe, and adequate for my needs? • Will I have free use of common areas, such as the kitchen, activity rooms, toilet facilities, dining room, or grounds? • Can I smoke in my room or in common areas? • What furniture is provided? • Can I bring along some of my furniture or other personal items? • Can I adjust the temperature of my room? • Is there a sit-down shower? • Can I have my own personal phone line or internet connection? • Are emergency procedures clearly posted? • Am I able to lock my room and/or are there locked areas in each room for personal valuables? • Is the food pleasing, nutritious, adequate, and attractively served? • What if I don’t like what is being served? • Can I cook in my room? • Are snacks available? • Are there specific meal times or are they flexible? • Is there a refrigerator available to store my personal food? • Will the home meet my dietary or cultural food preferences? • Can I request special foods? • Do other residents socialize with each other and appear happy and comfortable? • Do residents speak favorably of the facility? • Do the residents look like people I want to live with? • How are room changes and roommate concerns addressed? • Is there a resident group that meets? • Do any of the other residents have a history of violent or other problem behaviors? How are these situations handled by staff?

Research the different nursing care facilities in your community. Discuss the pros and cons of the facility in terms of what they offer. Provide a brief report with the following questions: • What is the basic rate for room, board, and services (it’s a good idea to get this information in writing)? • What services are covered by this rate? • Are there other services available and how much do they cost? • What are the payment policies? • What is the refund policy if someone leaves before the end of a month? • What is the policy for rate increases? • How long has the current administration been in place? • Is there enough staff available to meet my needs? • Is there frequent staff turnover? • Is some level of nursing care provided (RN, LPN, Nursing • Assistant)? How often is it available? • Who will help me with medications if I need it (e.g. reminding me to take them, opening the bottle)? • Can someone administer medications to me if I can’t take them myself (e.g. applying medication to my skin, putting a pill in my mouth)? • Can someone help me if I need special care (e.g. caring for a wound)? • What happens if I have an emergency? Can I get help right away? • Are staffs suitably dressed, personable, and outgoing? • Do the staff members treat residents with respect and dignity? • Do staff members treat each other in a professional manner? • What language does most of the staff speak? • What type of help with personal care is available (e.g. bathing, dressing)? • How flexible is the schedule for receiving help with personal care? • What, if any, transportation services are available? (e.g. medical appointments, shopping, religious services). • Will staff arrange for activities (e.g. hair appointment, concert)? • How does the home support and accommodate personal hobbies? • Are there regularly planned activities that I will enjoy? • Will I be able to attend religious services of my choice? • Can I bring my pet with me when I move? • When can I have visitors? • Are there shops, a library, a park, or other amenities within walking distance? • Is the home close to activities I enjoy? • Is the home on a bus line? • Is there an outside area to sit, walk, or garden? • Are there shops, a library, a park, or other amenities within walking distance? • Is the home close to activities I enjoy? • Is the home on a bus line? • Is there an outside area to sit, walk, or garden? • Is the floor plan easy to follow? • Are doorways, hallways, and rooms accommodating to wheelchairs and walkers? • Are there hand rails to help with walking and in the bathroom? • Are cupboards and shelves easy to reach? • Are there nonskid floors and firm carpets to assist walking? • Does the home have good natural and artificial lighting? • Is the home clean, free of odors, and well heated and cooled? • Does the home meet my standards of cleanliness? • Is the home free from obvious environmental hazards? • Are the home’s rooms clean, safe, and adequate for my needs? • Will I have free use of common areas, such as the kitchen, activity rooms, toilet facilities, dining room, or grounds? • Can I smoke in my room or in common areas? • What furniture is provided? • Can I bring along some of my furniture or other personal items? • Can I adjust the temperature of my room? • Is there a sit-down shower? • Can I have my own personal phone line or internet connection? • Are emergency procedures clearly posted? • Am I able to lock my room and/or are there locked areas in each room for personal valuables? • Is the food pleasing, nutritious, adequate, and attractively served? • What if I don’t like what is being served? • Can I cook in my room? • Are snacks available? • Are there specific meal times or are they flexible? • Is there a refrigerator available to store my personal food? • Will the home meet my dietary or cultural food preferences? • Can I request special foods? • Do other residents socialize with each other and appear happy and comfortable? • Do residents speak favorably of the facility? • Do the residents look like people I want to live with? • How are room changes and roommate concerns addressed? • Is there a resident group that meets? • Do any of the other residents have a history of violent or other problem behaviors? How are these situations handled by staff?

Research the different nursing care facilities in Miami, FL . Discuss the pros and cons of the facility you find in terms of what they offer. Provide a brief report with the following questions:

• What is the basic rate for room, board, and services (it’s a good idea to get this information in writing)?

• What services are covered by this rate?

• Are there other services available and how much do they cost?

• What are the payment policies?

• What is the refund policy if someone leaves before the end of a month?

• What is the policy for rate increases?

• How long has the current administration been in place?

• Is there enough staff available to meet my needs?

• Is there frequent staff turnover?

• Is some level of nursing care provided (RN, LPN, Nursing • Assistant)?

How often is it available?

• Who will help me with medications if I need it (e.g. reminding me to take them, opening the bottle)?

• Can someone administer medications to me if I can’t take them myself (e.g. applying medication to my skin, putting a pill in my mouth)?

• Can someone help me if I need special care (e.g. caring for a wound)?

• What happens if I have an emergency? Can I get help right away?

• Are staffs suitably dressed, personable, and outgoing?

• Do the staff members treat residents with respect and dignity?

• Do staff members treat each other in a professional manner?

• What language does most of the staff speak?

• What type of help with personal care is available (e.g. bathing, dressing)?

• How flexible is the schedule for receiving help with personal care?

• What, if any, transportation services are available? (e.g. medical appointments, shopping, religious services)

. • Will staff arrange for activities (e.g. hair appointment, concert)?

• How does the home support and accommodate personal hobbies?

• Are there regularly planned activities that I will enjoy?

• Will I be able to attend religious services of my choice?

• Can I bring my pet with me when I move?

• When can I have visitors?

• Are there shops, a library, a park, or other amenities within walking distance?

• Is the home close to activities I enjoy?

• Is the home on a bus line?

• Is there an outside area to sit, walk, or garden?

• Are there shops, a library, a park, or other amenities within walking distance?

• Is the home close to activities I enjoy?

• Is the home on a bus line?

• Is there an outside area to sit, walk, or garden?

• Is the floor plan easy to follow?

• Are doorways, hallways, and rooms accommodating to wheelchairs and walkers?

• Are there hand rails to help with walking and in the bathroom?

• Are cupboards and shelves easy to reach?

• Are there nonskid floors and firm carpets to assist walking?

• Does the home have good natural and artificial lighting?

• Is the home clean, free of odors, and well heated and cooled?

• Does the home meet my standards of cleanliness?

• Is the home free from obvious environmental hazards?

• Are the home’s rooms clean, safe, and adequate for my needs?

• Will I have free use of common areas, such as the kitchen, activity rooms, toilet facilities, dining room, or grounds?

• Can I smoke in my room or in common areas?

• What furniture is provided?

• Can I bring along some of my furniture or other personal items?

• Can I adjust the temperature of my room?

• Is there a sit-down shower?

• Can I have my own personal phone line or internet connection?

• Are emergency procedures clearly posted?

• Am I able to lock my room and/or are there locked areas in each room for personal valuables?

• Is the food pleasing, nutritious, adequate, and attractively served?

• What if I don’t like what is being served?

• Can I cook in my room?

• Are snacks available?

• Are there specific meal times or are they flexible?

• Is there a refrigerator available to store my personal food?

• Will the home meet my dietary or cultural food preferences?

• Can I request special foods?

• Do other residents socialize with each other and appear happy and comfortable?

• Do residents speak favorably of the facility?

• Do the residents look like people I want to live with?

• How are room changes and roommate concerns addressed?

• Is there a resident group that meets?

• Do any of the other residents have a history of violent or other problem behaviors? How are these situations handled by staff?

Research the different nursing care facilities in your community. Discuss the pros and cons of the facility in terms of what they offer. Provide a brief report with the following questions:

• What is the basic rate for room, board, and services (it’s a good idea to get this information in writing)?
• What services are covered by this rate?
• Are there other services available and how much do they cost?
• What are the payment policies?
• What is the refund policy if someone leaves before the end of a month?
• What is the policy for rate increases?
• How long has the current administration been in place?
• Is there enough staff available to meet my needs?
• Is there frequent staff turnover?
• Is some level of nursing care provided (RN, LPN, Nursing
• Assistant)? How often is it available?
• Who will help me with medications if I need it (e.g. reminding me to take them, opening the bottle)?
• Can someone administer medications to me if I can’t take them myself (e.g. applying medication to my skin, putting a pill in my mouth)?
• Can someone help me if I need special care (e.g. caring for a wound)?
• What happens if I have an emergency? Can I get help right away?
• Are staffs suitably dressed, personable, and outgoing?
• Do the staff members treat residents with respect and dignity?
• Do staff members treat each other in a professional manner?
• What language does most of the staff speak?
• What type of help with personal care is available (e.g. bathing, dressing)?
• How flexible is the schedule for receiving help with personal care?
• What, if any, transportation services are available? (e.g. medical appointments, shopping, religious services).
• Will staff arrange for activities (e.g. hair appointment, concert)?
• How does the home support and accommodate personal hobbies?
• Are there regularly planned activities that I will enjoy?
• Will I be able to attend religious services of my choice?
• Can I bring my pet with me when I move?
• When can I have visitors?
• Are there shops, a library, a park, or other amenities within walking distance?
• Is the home close to activities I enjoy?
• Is the home on a bus line?
• Is there an outside area to sit, walk, or garden?
• Are there shops, a library, a park, or other amenities within walking distance?
• Is the home close to activities I enjoy?
• Is the home on a bus line?
• Is there an outside area to sit, walk, or garden?
• Is the floor plan easy to follow?
• Are doorways, hallways, and rooms accommodating to wheelchairs and walkers?
• Are there hand rails to help with walking and in the bathroom?
• Are cupboards and shelves easy to reach?
• Are there nonskid floors and firm carpets to assist walking?
• Does the home have good natural and artificial lighting?
• Is the home clean, free of odors, and well heated and cooled?
• Does the home meet my standards of cleanliness?
• Is the home free from obvious environmental hazards?
• Are the home’s rooms clean, safe, and adequate for my needs?
• Will I have free use of common areas, such as the kitchen, activity rooms, toilet facilities, dining room, or grounds?
• Can I smoke in my room or in common areas?
• What furniture is provided?
• Can I bring along some of my furniture or other personal items?
• Can I adjust the temperature of my room?
• Is there a sit-down shower?
• Can I have my own personal phone line or internet connection?
• Are emergency procedures clearly posted?
• Am I able to lock my room and/or are there locked areas in each room for personal valuables?
• Is the food pleasing, nutritious, adequate, and attractively served?
• What if I don’t like what is being served?
• Can I cook in my room?
• Are snacks available?
• Are there specific meal times or are they flexible?
• Is there a refrigerator available to store my personal food?
• Will the home meet my dietary or cultural food preferences?
• Can I request special foods?
• Do other residents socialize with each other and appear happy and comfortable?
• Do residents speak favorably of the facility?
• Do the residents look like people I want to live with?
• How are room changes and roommate concerns addressed?
• Is there a resident group that meets?
• Do any of the other residents have a history of violent or other problem behaviors? How are these situations handled by staff?

***PLEASE USE CURRENT INFORMATION***

Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem.

December 31, 2020

To the friendly student tax preparer:

Hi, it’s Shady Slim again. I just got back from my 55th birthday party, and I’m told that you need some more information from me in order to complete my tax return. I’m an open book! I’ll tell you whatever I think you need to know.

Let me tell you a few more things about my life. As you may recall, I am divorced from my wife, Alice. I know that it’s unusual, but I have custody of my son, Shady Jr. The judge owed me a few favors and I really love the kid. He lives with me full time and my wife gets him every other weekend. I pay the vast majority of my son’s expenses. I think Alice should have to pay some child support, but she doesn’t have to pay a dime. The judge didn’t owe me that much, I guess.

I had to move this year after getting my job at Roca Cola. We moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move our stuff at a cost of $2,300, and I drove Junior in my car. Junior and I got a hotel room along the way that cost us $65 (I love Super 8!).

Can you believe I’m still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year.

Remember when I told you about that guy that hit me with his car? I had a bunch of medical expenses that were not reimbursed by the lawsuit or by my insurance. I incurred a total of $20,000 in medical expenses, and I was only reimbursed for $11,000. Good thing I can write off medical expenses, right?

I contributed a lot of money to charity this year (and have receipt documentation for all contributions). I’m such a nice guy! I gave $1,000 in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff! I contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth $5,000 today (the appraiser surprised me!), even though I only paid $1,000 for it back in the day. When I contributed the furniture, the pastor said he didn’t like the fabric and was going to sell the furniture to pay for some more pews in the church. Oh well, some people just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $90. Turns out, I don’t even miss it because Roca Cola takes it right off my paycheck every month . . . $15 a month starting in July. My pay stub verifies that I contributed the $90 to the United Way. Oh, one other bit of charity from me this year. An old buddy of mine was down on his luck. He lost his job and his house. I gave him $500 to help him out.

I paid a lot of money in interest this year. I paid a total of $950 in personal credit card interest. I also paid $18,000 in interest on my $500,000 home mortgage that helped me buy my dream home. I also paid $2,000 in real estate taxes for my new house.

A few other things I want to tell you about this year. Someone broke into my house and stole my kid’s brand-new bicycle and my set of golf clubs. The total loss from theft was $900. I paid $125 in union dues this year. I had to pay $1,200 for new suits for my job. Roca Cola requires its managers to wear suits every day on the job. I spent a total of $1,300 to pay for gas to commute to my job this year.

Oh, this is pretty cool. I’ve always wanted to be a firefighter. I spent $1,400 in tuition to go to the local firefighter’s school. I did this because someone told me that I can deduct the tuition as an itemized deduction, so the money would be coming back to me. That should be all the information you need right now.

Please calculate my taxable income and complete page 1 of Form 1040 (through taxable income, line 11b) and Schedule A.