a taxpaying​ entity, estimates that it can save $23,000 a year in cash operating costs for the next 8 years if it buys a​ special-purpose eye-testing machine at a cost of $ 90000 No terminal disposal value is expected. Seattle Hospital's required rate of return is 12%. Assume all cash flows occur at​ year-end except for initial investment amounts. Seattle Hospital uses​ straight-line depreciation. The income tax rate is 28% for all transactions that affect income taxes.

The stockholders’ equity section of Grouper Inc. at the beginning of the current year appears below. Common stock, $10 par value, authorized 1,007,000 shares, 319,000 shares issued and outstanding $3,190,000 Paid-in capital in excess of par—common stock 575,000 Retained earnings 549,000 During the current year, the following transactions occurred:

1. The company issued to the stockholders 100,000 rights. Ten rights are needed to buy one share of stock at $30. The rights were void after 30 days. The market price of the stock at this time was $32 per share.

2. The company sold to the public a $195,000, 10% bond issue at 103. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $28 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $7.

3. All but 5,000 of the rights issued in (1) were exercised in 30 days.

4. At the end of the year, 80% of the warrants in (2) had been exercised, and the remaining were outstanding and in good standing.

5. During the current year, the company granted stock options for 9,300 shares of common stock to company executives. The company, using a fair value option-pricing model, determines that each option is worth $10. The option price is $28. The options were to expire at year-end and were considered compensation for the current year.

6. All but 930 shares related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract.

Prepare the stockholders’ equity section of the balance sheet at the end of the current year. Assume that retained earnings at the end of the current year is $680,000.

A college professor claims that the entering class this year appears to be smarter than entering classes from previous years. He tests a random sample of 14 of this year's entering students and finds that their mean IQ score is 116, with standard deviation of 14. The college records indicate that the mean IQ score for entering students from previous years is 111. If we assume that the IQ scores of this year's entering class are normally distributed, is there enough evidence to conclude, at the 0.05 level of significance, that the mean IQ score, μ, of this year's class is greater than that of previous years?

Perform a one-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.

Suzy is a 14 year old with pulmonary fibrosis. This disease causes progressive scarring of the lungs and therefore, reduced inspiratory volumes and chronic hypoxemia. Suzy is very inquisitive. Due to her disease, she knows that when she breathes in, her lungs help to bring oxygen into her blood, and when she breathes out, she gets rid of carbon dioxide from her blood. At her appointment today, you note that she has cyanosis (blue coloration) and clubbing in her fingers and toes – symptoms of hypoxemia. When Suzy asks why her fingers and toes look the way they do, you tell her that she is not getting enough oxygen to them. This answer does not satisfy Suzy! She then asks:

1. “How EXACTLY does oxygen get into my blood and carbon dioxide get out of my blood when I breathe?” (How do I oxygenate my blood?)

2. “And how does the oxygen get from my blood into my toes and fingers so they won’t turn blue?” (How do I oxygenate my tissues?)

Be thorough (or Suzy will just keep asking “how…why?” She is annoying like that!)

For both 1 and 2: Be sure you describe the events in the correct sequence. Your answer should include the how each gas’s partial pressure affects its diffusion, and the chemical reactions that occur within the blood during gas exchange.

3. Concerned, the doctor asks you to determine Suzy’s inspiratory reserve volume (IRV). Using a spirometer, you measure her tidal volume (TV) at 100 mL, expiatory reserve volume (ERV) at 800 mL, and her vital capacity (VC) at 1100 mL. What is her inspiratory reserve volume?

4. Finally, you treat Suzy by giving oxygen via a mask. Explain why this would be helpful in oxygenating her blood even though her inspiratory volumes are reduced.

Katie is a shareholder in Engineers One, a civil engineering company. This year, Katie's share of the net business income from Engineers. One is $200,000. Assume that Katie's allocation of wages paid by Engineers One to it's employees is $300,000 and her allocation of Engineers One's qualified property is $150,000 (unadjusted basis of equipment , all purchased within the past three years) Assume Katie, has no other business income, no capital gains or qualified dividends, and that her taxable income before the deduction for qualified business income is $400,000.

Required:

a. Calculate Katie's deductions for qualified business income.

b. Assume the same facts as earlier, except Katie's net business income from Engineers One is $400,000 and taxable income before the deductable for qualified business income is $350,000.

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

The company’s beginning cash balance for the upcoming fiscal year will be $24,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Required:

Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)

Presented below are a number of balance sheet items for Teal, Inc., for the current year, 2017.

Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same.

Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling 76,000 units of product: net sales $1,520,000; total costs and expenses $1,780,000; and net loss $260,000. Costs and expenses consisted of the following.

Management is considering the following independent alternatives for 2020.

(a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answer to 0 decimal places, e.g. 2,510.)

(b) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places e.g. 0.251 and final answers to 0 decimal places, e.g. 2,510.)

Which course of action do you recommend? Select an option                                                           Alternative 1Alternative 2Alternative 3