Note: This problem is for the 2018 tax year.

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm.

During 2018, the Deans had the following receipts:

Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support—the alimony payments were to terminate if Wanda remarried.

In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained.

The Deans had the following expenditures for 2018:

The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution.

The Deans' household includes the following, for whom they provide more than half of the support:

Penny graduated from high school on May 9, 2018, and is undecided about college. During 2018, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on January 20, 2018. For the past few years, Wayne qualified as a dependent of the Deans.

Federal income tax withheld is $5,200 (Lance) and $2,100 (Wanda). The proper amount of Social Security and Medicare tax was withheld.

Required:

Determine the Federal income tax for 2018 for the Deans on a joint return by providing the following information that would appear on Form 1040 and Schedule A. They do not want to contribute to the Presidential Election Campaign Fund. All members of the family had health care coverage for all of 2018. If an overpayment results, it is to be refunded to them.

The following items are taken from the financial statements of Novak Company for the year ending December 31, 2022:

can you explain ( Income Statement, Balance Sheet, Current Ratio, Debt to assets ratio %, $ Working capital, $ Earnings per share value????)

CROP GROWING SKYSCRAPERS

By the year 2050, nearly 80% of the Earth’s population will live in urban centres. Applying the most conservative estimates to current demographic trends, the human population will increase by about three billion people by then. An estimated 109 hectares of new land (about 20% larger than Brazil) will be needed to grow enough food to feed them, if traditional farming methods continue as they are practised today.

At present, throughout the world, over 80% of the land that is suitable for raising crops is in use. Historically, some 15% of that has been laid waste by poor management practices. What can be done to ensure enough food for the world’s population to live on ?

The concept of indoor farming is not new, since hothouse production of tomatoes and other produce has been in vogue for some time. What is new is the urgent need to scale up this technology to accommodate another three billion people. Many believe an entirely new approach to indoor farming is required, employing cutting-edge technologies. One such proposal is for the ‘Vertical Farm’. The concept is of multi-storey buildings in which food crops are grown in environmentally controlled conditions. Situated in the heart of urban centres, they would drastically reduce the amount of transportation required to bring food to consumers. Vertical farms would need to be efficient, cheap to construct and safe to operate. If successfully implemented, proponents claim, vertical farms offer the promise of urban renewal, sustainable production of a safe and varied food supply (through year-round production of all crops), and the eventual repair of ecosystems that have been sacrificed for horizontal farming.

It took humans 10,000 years to learn how to grow most of the crops we now take for granted. Along the way, we despoiled most of the land we worked, often turning verdant, natural eco-zones into semi-arid deserts. Within that same time frame, we evolved into an urban species, in which 60% of the human population now lives vertically in cities. This means that, for the majority, we humans have shelter from the elements, yet we subject our food-bearing plants to the rigours of the great outdoors and can do no more than hope for a good weather year. However, more often than not now, due to a rapidly changing climate, that is not what happens. Massive floods, long droughts, hurricanes and severe monsoons take their toll each year, destroying millions of tons of valuable crops.

The supporters of vertical farming claim many potential advantages for the system. For instance, crops would be produced all year round, as they would be kept in artificially controlled, optimum growing conditions.

There would be no weather-related crop failures due to droughts, floods or pests. All the food could be grown organically, eliminating the need for herbicides, pesticides and fertilisers.

The system would greatly reduce the incidence of many infectious diseases that are acquired at the agricultural interface.

Although the system would consume energy, it would return energy to the grid via methane generation from composting non-edible parts of plants. It would also dramatically reduce fossil fuel use, by cutting out the need for tractors, ploughs and shipping.

A major drawback of vertical farming, however, is that the plants would require artificial light. Without it, those plants nearest the windows would be exposed to more sunlight and grow more quickly, reducing the efficiency of the system. Single-storey greenhouses have the benefit of natural overhead light; even so, many still need artificial lighting.

A multi-storey facility with no natural overhead light would require far more. Generating enough light could be prohibitively expensive, unless cheap, renewable energy is available, and this appears to be rather a future aspiration than a likelihood for the near future.

One variation on vertical farming that has been developed is to grow plants in stacked trays that move on rails. Moving the trays allows the plants to get enough sunlight. This system is already in operation, and works well within a single-storey greenhouse with light reaching it from above: it Is not certain, however, that it can be made to work without that overhead natural light.

Vertical farming is an attempt to address the undoubted problems that we face in producing enough food for a growing population. At the moment, though, more needs to be done to reduce the detrimental impact it would have on the environment, particularly as regards the use of energy. While it is possible that much of our food will be grown in skyscrapers in future, most experts currently believe it is far more likely that we will simply use the space available on urban rooftops.

1. The contribution of traditional farming method is expected to *

2. Cutting-edge technologies in executing new idea like ‘vertical farm’ is necessary as......

3. Factors like efficiency, economical and high level of safety in regards to operation should be......

4. As the crops get exposed to the adversity of the weather,.........

5.  The vertical farming method.........

At the beginning of the year, Tennyson Auto Parts had an accounts receivable balance of $31,800 and a balance in the allowance for doubtful accounts of $2,980 (credit). During the year, Tennyson had credit sales of $624,300, collected accounts receivable in the amount of $602,700, wrote off $18,600 of accounts receivable, and had the following data for accounts receivable at the end of the period: Accounts Receivable Age Amount Proportion Expected to Default Current $22,400 0.01 1–15 days past due 5,300 0.02 16–45 days past due 3,100 0.08 46–90 days past due 3,600 0.15 Over 90 days past due 2,400 0.30 $36,800 Required: 1. Determine the desired postadjustment balance in allowance for doubtful accounts. $ 2. Determine the balance in allowance for doubtful accounts before the bad debt expense adjusting entry is posted. $ 15,620 3. Compute bad debt expense. $ Feedback 1. The aging method attempts to estimate the ending balance in the Allowance for Doubtful Accounts. 2. Using T-accounts, start with the balance at the beginning of the year, make the necessary debits and/or credits for the transactions that occurred during the year, and calculate the necessary write-offs to achieve the appropriate ending balance. 3. The aging method attempts to estimate the ending balance in the Allowance for Doubtful Accounts. 4. Prepare the adjusting entry to record bad debt expense. Bad Debt Expense Allowance for Doubtful Accounts Record adjusting entry for bad debt expense estimate Feedback 4. The aging method attempts to estimate the ending balance in the Allowance for Doubtful Accounts. Feedback Partially correct

John is a first-year student studying a B com degree and was working on an important research assignment for three weeks. The night before submission, his laptop was stolen, and he lost his three weeks of effort. The following day, his lecturer could not buy his story and insisted that John did not do his project and was trying to come up with excuses. His friend then advised him that he could have backed-up his work. Required: Clearly outline the steps that John could have taken to prevent the loss of his project. (25)

course Information technology

After the third year, FCF is expected to grow at 7% annually. The WACC is 12%. $M Year 1 2 3 -30 70 90 1. What is Lincoln's Terminal Value? 2. What is the current value of operations? 3. Suppose Lincoln has $10M in marketable securities, $100M in liabilities, and 10M shares of stock. What is Lincoln's share price? 4. Assume Lincoln has European investors. The original spot rate was $1.1 per 1 Euro. If the spot rate were to change to $0.9 per 1 Euro, what would be the new stock price from the European perspective? Would they be more or less likely to buy Lincoln stock with the change in exchange rate (hint: there are two arguments to be made)?

In a slow year, Deutsche Burgers will produce 2.4 million hamburgers at a total cost of $3.9 million. In a good year, it can produce 4.2 million hamburgers at a total cost of $4.8 million. a. What are the fixed costs of hamburger production? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) b. What is the variable cost per hamburger? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What is the average cost per burger when the firm produces 1 million hamburgers? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. What is the average cost per burger when the firm produces 2 million hamburgers? (Do not round intermediate calculations. Round your answer to 2 decimal places.) e. Why is the average cost lower when more burgers are produced?

Write a menu driven C++ program that prints the day number of the year , given the date in the form of month-day-year. For example , if the input is 1-1-2006 , then the day number is 1. If the input is 12-25- 2006 , the day number is 359. The program should check for a leap year. A year is leap if it is divisible by 4 but not divisible by 100. For example , 1992 , and 2008 are divisible by 4 and not divisible by 400. A year that is divisible by 100 is a leap year if it is also divisible by 400. For example , 1600 and 2000 are divisible by 400 , however , 1800 is not a leap year because 1800 is not divisible by 400. Program terminates when the user type in n or N. Fall 2020 – Introduction to C++ Programming Fall 2020 - Husain Gholoom – Senior Lecturer in Computer Science Page 2 Note : Your program must contain the following 6 functions : 1. A function that returns a Boolean value indicating whether or not the day entered is between 1 and 31. 2. A function that returns a Boolean value indicating whether or not the month entered is between 1 and 12. 3. A function that returns a Boolean value indicating whether or not the year entered is greater than 0 and less than or equal to current year. 4. A function that returns a Boolean value indicating whether or not the year entered is a leap year. 5. A function that returns a string value indicating the name of the month. 6. A function that returns a integer value indicating actual number of day that is equivalent to day, month, and year that is entered.

Rules : 1. Your program must compile and run using Code:Blocks version 17.12 under windows. 2. Your program must be documented according the style above . See the website for the sample programming style program. 3. You must use the appropriate libraries in writing this program. 4. You can not use any concept that was not discussed in the class such as arrays , global variables … etc . 5. Must use functions ( prototypes and definitions ) , repetitions , control structures and switch statements. 6. Must properly format the output by use the appropriate library. See the output below. Note that in the following 3 lines : Day Manipulation program by Husain Gholoom 11 / 02 / 2020 • Replace my first / last name with your own first / last name.

The following are the cash flows of two projects:

a. Calculate the NPV for both projects if the opportunity cost of capital is 16%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project A

Project B

b. Suppose that you can choose only one of these projects. Which would you choose?

Project A

Project B

Neither