Victoria's 2019 tax return was due on April 15, 2020, but she did not file it until June 12, 2020. Victoria did not file an extension. The tax due on the tax return when filed was $10,000. In 2019, Victoria paid in $16,500 through withholding. Her 2018 tax liability was $14,500. Victoria’s AGI for 2019 is less than $150,000. How much penalty will Victoria have to pay (disregard interest)?

Executive Summary:

• Choose a real and/or existing product
• Briefly explain the product in not more than 5 sentences.
• Briefly introduce this document from the underlying assumption until the risk and mitigation.

Underlying Assumption:

• Resources that are required to run the operation: List the raw material, labor, and other overhead i.e. rent, salaries etc needed
• Period should be between January 01, 2020 to June 31, 2020
• Currency should be in USD

Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales—$2,000,000 budget, $2,080,000 actual; variable costs—$1,000,000 budget, $1,050,000 actual; and controllable fixed costs—$300,000 budget, $305,000 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. Prepare a responsibility report for a profit center.

Marjorie corporation acquired a building on January 1st 2018 for $660,000 the building had an estimated useful life of 15 years and had an estimated residual value of $60,000. on January 1st 2020 Marjorie corporation determined that the building could only be used for a total of 12 years and there would be no residual value. compute depreciation expense for the year ending December 31st 2020 if Marjorie corporation uses straight line depreciation

OCT 2020 PUTS - last price 7.90 ; vol - ; strike 28.00

1. You sold twenty Oct 2020 put contracts today at $7.90. Two weeks later the stock trades at $22.30 and the premium on the put is $9.90. How much money have you made or lost at this point in time?

2. Briefly explain whether selling uncovered calls is more, less or of equal risk than selling puts?

1. You are auditing XYZ Company's calendar 2019 financial statements. On January 21, 2020 while you were still completing your fieldwork, XYZ Company successfully launched a hostile takeover of ABC, Inc. The takeover increased XYZ's net assets by 35%. XYZ had not changed their financial statements from when they drafted them on January 15, 2020. What action would you take and why?

A simple random sample of 80 colleges and universities is selected, and 16 indicated will move their summer 2020 classes online while the other 64 indicated they did not plan to move their summer 2020 classes online . If appropriate, use this information to test the hypotheses stated in question 10 at the a = .10 level of significance. Please type your answer in the box below.

Hypothesis: H0:   π = 0.14 versus HA: π > 0.14

Becker Inc. reported net income of $560,000 on its income statement for 2020. Depreciation expense for the year was $63,000. Over the course of the year, Becker also experienced the following changes in account balances:

Accounts payable:  $12,000 increase

Inventory:  $18,000 increase

Accounts receivable:  $9,000 decrease

Accrued liabilities:  $19,000 decrease

Prepaid insurance:  $7,000 decrease

Determine net cash provided by operating activities for 2020.

The balance in the prepaid insurance account, before adjustment at the end of the year, is $27,000. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment:

a. The amount of insurance expired during the year is $20,250.

* Insurance expense = $20,250

* Prepaid Insurance = ?

b. The amount of unexpired insurance applicable to future periods is $6,750.

* Insurance expense = ?

* Prepaid Insurance = $20,250