Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2008 490 $ 19,110 4/20/2009 390 17,472 1/29/2010 590 19,234 11/02/2012 340 12,988 If Dahlia sells 1,070 shares of Microsoft for $63,130 on December 20, 2018, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method.
In: Accounting
The advent of Corporate Governance & Compliance and business ethics represented a major change in the way that senior leadership manages corporate operations. Since the Sarbanes-Oxley Act (SOX) in 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and other legislation have been enacted there is a concerted effort to bring transparency, accountability, and ethical behavior back into the market place. Discuss the effects these laws and regulations involving Corporate Governance, Corporate Compliance and business ethics activities on: corporate leadership, stockholders and stakeholders in the corporation and our economy. (Please type answer)
In: Accounting
The U.S. Census Bureau signed a $600 million contract with Harris corporation in 2006 to build 500,000 devices, but still weren’t sure which features they wanted included in the units. Census officials did not specify the testing process to measure the performance of the handheld devices. Four hundred change requests were added to the project requirements. Two years and hundreds of millions of taxpayer dollars later, the handhelds were far too slow and unreliable to be used for the 2010 U.S. census.
In: Computer Science
Target Customer Kiosks
Target is considering the installation of customer kiosks in their stores. The kiosks will allow customers to search for products, tell them if the products are in stock, and show them on a map where in the store the products are located. Use the following facts to conduct a break-even analysis of the customer kiosk technology.
Costs
· There will be a one-time cost of $45,000,000 in 2018 to develop and implement the system software.
· Starting in 2019 there will be an annual software maintenance fee of $16,000 per store in which kiosks are installed to cover bug fixes and upgrades.
· Target has a total of 3,000 stores with kiosk installation occurring on the following schedule: 500 stores in 2018, 700 stores in 2019, 800 stores in 2020, and the remaining 1,000 stores in 2021
· Each store will have 8 customer kiosks installed. Two kiosks will be located at each entrance with the other kiosks located at select spots within the store.
· There is a one-time cost per kiosk of $32,000 which represents the kiosk’s purchase and installation.
· There is an annual hardware maintenance fee of $4,500 to maintain each installed kiosk starting in the year the kiosk is installed.
Benefits
The tangible benefits come from reduced labor costs and increased sales revenue.
· The kiosks are expected to reduce the need for employees to spend time directing customers to products. This time savings will result in reduced labor costs equivalent to employing one employee during regular store hours from 8am-8pm per store where kiosks are installed.
· Target stores are open 365 days per year.
· The sales associate labor rate is $10.50 per hour.
· The kiosks are also expected to increase the likelihood that customers will find all of the items they are looking to purchase. It is estimated that each store with kiosks will sell 130 additional items per day, averaging $1.85 per item.
Calculations
The break-even analysis will cover a 6-year period from 2018-2023.
For each year:
· Calculate the system costs and benefits.
· Calculate the net benefits of the system and the break-even totals for the system. Break even totals are simply the accumulated net benefits. The project breaks even when the accumulated net benefits value is positive.
For the total time period:
· Calculate the net present value (NPV) of the investment using a rate of 15%.
· Calculate the internal rate of return (IRR).
Answer the four questions at the bottom of the spreadsheet.
· In what year will Target break even on this project?
· Based on their target rate of return of 15%, should Target go forward with this project?
· In what year will Target break even if the employee labor rate per hour is $11?
· What is the NPV if the annual hardware maintenance fee is increased by $500?
Please fill in the following TEMPLATE only for UPVOTE
| Break Even Analysis for Target Customer Kiosks | |||||||
| Variables | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Count of new stores installing kiosks | |||||||
| Running total of stores with kiosks installed | |||||||
| Number of kiosks per store | |||||||
| One-time software development and implementation | |||||||
| Purchase and installation per kiosk | |||||||
| Annual software maintenance per store | |||||||
| Annual hardware maintenance per kiosk | |||||||
| Employee labor rate per hour | |||||||
| Business days per year | |||||||
| Regular store hours per day | |||||||
| Additional items sold per store with kiosks | |||||||
| Average revenue per additional item sold | |||||||
| NPV Rate | |||||||
| Costs | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| One-Time software development and implementation | |||||||
| Purchase and installation of kiosks | |||||||
| Annual software maintenance | |||||||
| Annual hardware maintenance | |||||||
| Total Annual Costs | |||||||
| Benefits | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Reduced labor | |||||||
| Increased sales | |||||||
| Total Annual Benefits | |||||||
| Break-Even, NPV, and IRR Calculations | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Net Annual Benefits | |||||||
| Break-Even Totals (Accumulated Net Benefits) | |||||||
| Net Present Value (NPV) | |||||||
| Internal Rate of Return (IRR) | |||||||
| Questions | |||||||
| In what year will Target break even on this project? | |||||||
| Based on their target rate of return of 15%, should Target go forward with this project? | |||||||
| In what year will Target break even if the employee labor rate per hour is $11. | |||||||
| What is the NPV if the annual hardware maintenance fee is increased by $500? | |||||||
In: Accounting
Under the allowance method for uncollectible accounts
(a) the net realizable value of accounts receivable is greater before an account is written off than after it is written off.
(b) Bad Debts Expense is debited when a specific account is written off as uncollectible.
(c) the net realizable value of accounts receivable in the statement of financial position is the same before and after an account is written off.
(d) Allowance for Doubtful Accounts is closed each year to Income Summary.
In: Accounting
A momentum investor should have which of the following philosophies about markets.
Select one:
a. Exchange traded funds are a more efficient investment vehicle compared with closed-end funds.
b. Past prices have no information content for future returns.
c. Any observable mispricings from deviating from the benchmark are subsumed by transaction costs.
d. Markets are perfectly efficient.
e. Investor expectations about prices may be biased due to behavioural factors.
In: Finance
Bank offers following type of saving accounts requiring initial deposit of PLN 1,000,000: * account A - compunding interest account offering 8% pa under quarterly compunding (incl. interest accrued quarterly) opened for 3 years, * account B - simple interest account opened for 3 years. What should be the rate offered for account B so that it would give the same amount of total interest (income) after saving account is closed?
In: Finance
In: Physics
Evaluate the surface integral
| S |
F · dS
for the given vector field F and the oriented surface S. In other words, find the flux of F across S. For closed surfaces, use the positive (outward) orientation.
F(x, y, z) = xy i + yz j + zx k
S is the part of the paraboloid
z = 6 − x2 − y2 that lies above the square 0 ≤ x ≤ 1, 0 ≤ y ≤ 1,
and has upward orientation
In: Math
You have an open organ pipe that plays a middle C note (262 Hz) at a temperature of 25 ◦C. (a) How long is this pipe? (b) How many overtones are present within this pipe within the audible range? (c) If the temperature dropped to 5 ◦C, by what percentage would the frequency of this note change? (d) If the pipe had a closed end instead of an open one, what are the frequencies of the first 3 harmonic resonances at 5 ◦C?
In: Physics