Questions
11.26 It is late 2019, and you are a successful executive working in New York for...

11.26 It is late 2019, and you are a successful executive working in New York for a large company. Tomorrow morning you will have the opportunity to negotiate receiving a $100,000 bonus at the end of the year or an amount of deferred salary in three years. Both you and your employer can earn a before-tax rate of return of 10 percent. Your employer’s combined federal and state marginal tax rate is 25 percent and is expected to remain constant throughout the three-year period. Your combined state and federal marginal tax rate is 37%. However, you are being transferred to Florida (which does not have an individual income tax) at the beginning of next year. Accordingly, you expect your marginal tax rate to drop to 30 percent in 2020 and remain constant through 20200.

  1. How much deferred salary would your employer be willing to pay you in three years?
  2. How much deferred salary would you be willing to accept from your employer in three years?
  3. What should you do?

In: Accounting

Tallcrest discounted a $50,000, 45-day, 5% note receivable on August 10 at the local bank, which...

Tallcrest discounted a $50,000, 45-day, 5% note receivable on August 10 at the local bank, which applies an 8% discount rate. Tallcrest had held the note for 25 days before discounting it. Record the entry on August 10.

These financial statement items are for Fairview Corporation at year-end, July 31, 2017. Salaries and wages payable ................................... $ 2,080 Salaries and wages expense ................................... 57,500 Supplies expense ............................................... 15,600 Equipment ...................................................... 18,500 Accounts payable ............................................. 4,100 Service revenue ................................................ 66,100 Rent revenue ................................................... 8,500 Notes payable (due in 2020) ................................. 1,800 Common stock ................................................ 16,000 Cash ............................................................ 29,200 Accounts receivable .......................................... 9,780 Accumulated depreciation-equipment ................... 6,000 Dividends ..................................................... 4,000 Depreciation expense ....................................... 4,000 Retained earnings (beginning of the year) ................. 34,000 Instructions (a) Prepare an income statement and a retained earnings statement for the year. Fairview Corporation did not issue any new stock during the year. (b) Prepare a classified balance sheet at July 31. (c) Compute the current ratio and debt to assets ratio. (d) Suppose that you are the presid

In: Accounting

1. XYZ Manufacturing Company buys 50 tons of coal per month. The price of 50 tons...

1. XYZ Manufacturing Company buys 50 tons of coal per month. The price of 50 tons of coal can vary from month to month according to the table shown below:

Price of 50 Tons of Coal Probability
$1500 0.20
$2000 0.50
$2500 0.30

How much should XYZ budget for coal in 2020? Your answer should be an integer.

2.

Replacement times for computer displays players are normally distributed with a mean of 7.1 years and a standard deviation of 1.4 years.

If you want to provide a warranty so that only 2% of the computer displays will be replaced before the warranty expires, what is the time length of the warranty? Include 1 decimal place in your answer.

3. The amount of time a person waits for an elevator in a building is known to follow a uniform distribution between 0 and 60 seconds. What is the expected value of the wait time for an elevator? Your answer should be an integer. What is the probability that a person will wait between 20 and 35 seconds? Include 2 decimal laces in your answer.

In: Statistics and Probability

You are a Health & safety Specialist. The date is March 12th 2020 and the world...

You are a Health & safety Specialist. The date is March 12th 2020 and the world Health Organization has just announced that COVID-19 is a world pandemic the day before. The CEO of the company you work at has called you into her office and requested that you come up with a plan to deal with this issue. She has been hearing about staff complaining that the company is not doing enough to protect them. She asks you to come up with a policy to take care of these trouble makers . She wants you to have something in place to deal with the virus problem and with the complaints. You go back to your office and ponder what to do. State what your course of action would be. How would you go about addressing this request? What are the issues you need to think about as you come up with your policy recommendation? Do not create the policy; just state all the factors you need to consider. Keep in mind that you have CHRP and CRSP designations. The CEO does not.

500 words for this case study.

In: Operations Management

STRATEGIC COST MANAGEMENT - BREAK-EVEN POINT AND CVP ANALYSIS

Cornwell Company is in business since 2010, makes swimwear for professional athletes. Analysis of the firm's record for the year reavelas the following:

                Average swimsuit selling price                      $140

                Average swimsuit expenses:

                    Direct Material                                           $60

                    Direct labor                                                  25

                    Variable overhead                                        15

               Annual fixed cost:

                    Selling                                                       $20,500

                    Administrative                                            48,000

The company's tax rate is 40 percent. Daisy Rin, company president, has asked you to help her answer: What is the break-even point in number of swimsuits and in dollar?

In: Accounting

Using the table below calculate the missing values.


Using the table below calculate the missing values.

Year

Nominal GDP

Real GDP

GDP Deflator

1 (2007)

3,753

____________

81

2 (2008)

4,551

5,009

____________

3 (2009)

5,150

____________

100.00

4 (2010)

5,666

5,255

____________

5 (2011)

____________

6,175          

158





Enter the missing values : the inflation/growth rates as indicated below.

Inflation rate year 1-2 ____________

Inflation rate year 3-4 ____________

Real growth rate yr. 2-3 ____________

Real growth rate yr. 4-5 ____________

In: Economics

A machine acquired on January 4, 2009, at a cost of $425,000, has an estimated useful...

A machine acquired on January 4, 2009, at a cost of $425,000, has an estimated useful life of nine years and an estimated residual value of $65,000. (10 points)

What was the amount of depreciation for the years 2009, 2010, and 2011, using the straight-line method of depreciation?

What was the book value of the machine on January 1, 2012?

                     

Assume that the machine was sold on January 9, 2012, for $290,000 journalize the entry to record the sale                                                               

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Assume that the machine had been sold on January 9, for $310,000, journalize the entry to record the sale.

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

In: Accounting

A machine acquired on January 4, 2009, at a cost of $425,000, has an estimated useful...

  1. A machine acquired on January 4, 2009, at a cost of $425,000, has an estimated useful life of nine years and an estimated residual value of $65,000. (10 points)

  1. What was the amount of depreciation for the years 2009, 2010, and 2011, using the straight-line method of depreciation?

  1. What was the book value of the machine on January 1, 2012?  

                       

  1. Assume that the machine was sold on January 9, 2012, for $290,000 journalize the entry to record the sale                                                               

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

  1. Assume that the machine had been sold on January 9, for $310,000, journalize the entry to record the sale.

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

In: Accounting

Why is it important to know the patient's learning style(s)? 2) How is awareness of learning...

Why is it important to know the patient's learning style(s)?

2) How is awareness of learning style relate to health assessment?

3) Discuss the rationale for obtaining a family history.

4) Discuss the rationale for obtaining a systems review.

5) Please identify, read, and post the citation (in proper APA format) for an evidenced-based article regarding the complete health history. The article should be from a peer-reviewed journal since 2010. Please provide a 1-3 sentence commentary on the article and how it relates to the discussion.

In: Nursing

Sally Reynolds sells real estate along the coastal area of Northern California. Below are her total...

Sally Reynolds sells real estate along the coastal area of Northern California. Below are her total annual commissions between 2007 and 2017.

Year Amount (thousands)
2007 292.16
2008 233.80
2009 206.97
2010 202.67
2011 164.69
2012 206.53
2013 237.51
2014 225.57
2015 255.33
2016 248.14
2017 269.11

Click here for the Excel Data File

Find the mean, median, and mode of the commissions she earned for the 11 years. (Round your answers to 2 decimal places.)

In: Statistics and Probability