Questions
Wayne Corporation is subject to State A's franchise tax. The tax is imposed at a rate...

Wayne Corporation is subject to State A's franchise tax. The tax is imposed at a rate of 1.2% of the corporation's net worth that is apportioned to the state by use of a two-factor formula (sales and property factors, equally weighted). The property factor includes real and tangible personal property, valued at historical cost as of the end of the taxable year. Forty percent of Wayne's sales are attributable to State A, and $600,000 of the cost of Wayne's tangible personal property is located in State A.

The following is the end-of-the-year balance sheet:

Cash $200,000

Equipment $1,000,000

Accumulated depreciation (300,000) 700,000

Furniture and fixtures $800,000

Accumulated depreciation (50,000) 750,000

Intangible assets 450,000

Total assets $2,100,000

Accounts and taxes payable $600,000

Long-term debt 750,000

Common stock 1,000

Additional paid-in capital 249,000

Retained earnings 500,000

Total liabilities and equity $2,100,000

In your computations, carry out any division to four decimal places before converting to a percentage. For example, .5413333 would be rounded to .5413 and converted to 54.13%. Use rounded amounts in subsequent computations. Round your final answer to the nearest dollar.

Determine the State A franchise tax payable by Wayne this year. $ _____???????______

In: Accounting

Note:Subject:EC110/EEC1202 Section 02 Early Childhood Curriculum and Instruction but I choose Psychology to be easy. In...

Note:Subject:EC110/EEC1202 Section 02 Early Childhood Curriculum and Instruction but I choose Psychology to be easy.

In paragraph form, share your thoughts on the following: What do you think it means to be an Early Childhood Educator? How would you describe it? What do they do? What are their responsibilities? Why is it important? What does an early childhood educator teach children?

In: Psychology

Since the Direct Method is much easier to understand, why do you think that more companies...

Since the Direct Method is much easier to understand, why do you think that more companies use the Indirect Method to prepare the Operating Activities section of the Cash Flow Statement?

In: Accounting

Explain the distribution plan for Alexa Echo. The distribution plan should explain what distribution channels you...

Explain the distribution plan for Alexa Echo. The distribution plan should explain what distribution channels you plan to use, including both on-the-ground (brick and mortar) channels and online distribution channels. Be sure to outline all the different companies, people, and/or technologies that will be involved in the process of getting your product to your customer.

In: Operations Management

a) State the null and alternative hypotheses, b) Verify that the requirements that allow use of...

a) State the null and alternative hypotheses, b) Verify that the requirements that allow use of the normal model to test the hypothesis are satisfied, c) Show work for calculating the test statistic, d) Compare the critical value with the test statistic, and e) State the conclusion.

5% of children under 18 years of age have asthma. In a random sample of 250 children under 18 years of age, 8% say they have asthma. Is there enough evidence to conclude that the proportion of children under 18 years of age is not 5%? Use an α = 0.05 level of significance.

In: Statistics and Probability

State and prove a generalized version of pigeonhole principle and use it to prove the following...

State and prove a generalized version of pigeonhole principle and use it to prove the following statement: If 22 numbers are selected at random, at least 4 of them will have the same remainder when divided by 7.

In: Statistics and Probability

a) State the null and alternative hypotheses, b) Verify that the requirements that allow use of...

a) State the null and alternative hypotheses, b) Verify that the requirements that allow use of the normal model to test the hypothesis are satisfied, c) Show work for calculating the test statistic, d) Compare the critical value with the test statistic, and e) State the conclusion.

The manufacturer of sprinkler systems designed for fire protection says that the mean activating temperature is 135oF. To test this claim, you randomly select a sample of 32 systems and find the mean activation temperature to be 133oF. The standard deviation is 3.3oF. Is there enough evidence to conclude that the mean activating temperature is less than 135oF? Use an α = 0.01level of significance.

In: Statistics and Probability

1. Use the function to find the following values (or state that they do not exist):...

1. Use the function to find the following values (or state that they do not exist): f(x) = 2 (x + 1)2 (x + 1)(x − 1)(x + 2)

(a) State the domain of f(x).

(b) Find any removable discontinuities (holes in the graph).

(c) Find any Vertical Asymptotes.

(d) Find any x-intercepts.

(e) Find any y-intercepts.

(f) Find the Horizontal Asymptote. Explain how you determined that this was an asymptote.

(g) Graph f(x). Hint: It may help to find f(−3) and f(2).

In: Math

Use the model of natural rate of unemployment and the steady state condition for unemployment for...

Use the model of natural rate of unemployment and the steady state condition for unemployment for this question. Suppose that the rate of job separation in an economy is 0.03 and the rate of job finding is 0.12, while the current unemployment rate is 0.10. How do you think unemployment rate will change in the upcoming periods (increase, decrease, no change or ambiguous) and why do you expect to see this pattern?

In: Economics

Use the definition of enthalpy, the first law, Model 2, and that entropy is a state...

Use the definition of enthalpy, the first law, Model 2, and that entropy is a state function to show that for the reversible expansion of one more of an ideal gas: deltaS = CP ln(T2/T1) – R ln(P2/P1) where CP is not equal to f(T).

In: Chemistry