1. Marv and Delores, married taxpayers who file a joint return, sell their personal residence on December 1st for $180,000. They lived in the house for the past 52 years. Their adjusted basis in their home was $35,000. Calculate their recognized (taxable) gain on the sale of their personal residence.

2. The following transactions were reported on a 1099-B. The taxpayer, who files as single, had taxable income of $100,000. Calculate the tax owed on the transactions.

1. Marv and Delores, married taxpayers who file a joint return, sell their personal residence on December 1st for $180,000. They lived in the house for the past 52 years. Their adjusted basis in their home was $35,000. Calculate their recognized (taxable) gain on the sale of their personal residence.

2. The following transactions were reported on a 1099-B. The taxpayer, who files as single, had taxable income of $100,000. Calculate the tax owed on the transactions.

1.  Prove that for any graph, the sum the degreesPv∈V deg(v) is twice the number of edges |E|. (By “prove” I mean write a few sentences explaining why it is true.)

2. i) At a recent math seminar, 5 mathematicians greeted each other by shaking hands. Is it possible for each mathematician to shake hands with exactly 3 other people? (No one can shake his or her own hand.) To answer the question, please rephrase the problem as a problem about graphs (is there a graph with 5 vertices ...), state your answer, and then explain why you believe your answer.
ii) Write a conjecture about a more general statement. What do you think happens if we have N mathematicians and we want each to shake the hands of K other people?

3. A very special island is inhabited only by knights and knaves. Knights always tell the truth, and knaves always lie. You meet two inhabitants: Zoey and Mel. Mel says, “At least one of us is a knave,” but Zoey says nothing. Can you determine who is a knight and who is a knave?

1. Should Canadian limits adopt the American approach of capping the cost of borrowing on a fixed rather than percentage basis?
2. What is the rationale behind the American limit on the number of renewals?
3. How should the cap relate to the criminal rate of interest?
4. Why not ban payday loans completely?
5. How will jurisdictional variation in the regulation of payday loans affect the development of the industry?
6. If judges are no better than average at assessing the truthfulness of witnesses, what are the implications for the interpretation of contracts in which the parties’ testimony conflicts and there is no independence evidence?
7. How do you think judges, who, like all of us, have their own inherent (perhaps unconscious) biases can better assess testimony in the diverse society like Canada?
8. What steps might a business person take to reduce the likelihood of problem in interpreting contracts?
9. Should cash customer be charged the same price as credit card customers when credit card customer cost the retailer more?
10. Why should credit card companies get to collect fees both the customers and the retailer?
11. Who should bear the loss in the case of online credit card fraud: the customer, the retailor, or the credit card issuer

A Gallup poll asked a random sample of 1000 adults nation-wide the following question:: "Are you in favor of the death penalty for a person convicted of murder?" 71% of the people in the sample answered "Yes".

1. A 95% Confidence Interval for the percent of all adults nation-wide in favor of the death penalty is (Hint: Fill in the first blank with the sample % and the second with the margin of error.)

（ ） % +/- （ ）%

A recent CBS New poll randomly sampled 1,142 adults nationwide asking them the following question:

"As you may know, the legal drinking age is 21. Would you approve or disapprove of states lowering the drinking age to 18, if the states felt that would give the police more time to enforce other laws?" 24% answered that they approved.

1. What is the expected value for the percent of all US adults who would say they approve of lowering the drinking age to 18, if the states felt that would give the police more time to enforce other laws? （ ）%

2. What is the SD of the sample? (Round to 3 decimal places.)

3. Calculate the SE of the percentage of people in the sample who answered "Approve". (Round to 2 decimal places.)

home / study / math / statistics and probability / statistics and probability questions and answers / a survey found that​ women's heights are normally distributed with mean 62.3 in. and standard ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard dev... A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard deviation 2.9 in. The survey also found that​ men's heights are normally distributed with a mean 67.7 in. and standard deviation 2.9. a. Most of the live characters at an amusement park have height requirements with a minimum of 4 ft 8 in. and a maximum of 6 ft 3 in. Find the percentage of women meeting the height requirement. The percentage of women who meet the height requirement is . Find the percentage of men meeting the height requirement. The percentage of men who meet the height requirement is c. If the height requirements are changed to exclude only the tallest 5% of men and the shortest 5% of women, what are the new height requirements? The new height requirements are at least nothing in. and at most nothing in.

Several weeks ago we encountered modernist composers who wrote music as they saw fit with little regard for audiences. More recently we encountered Bob Dylan, who, while not so hostile to audiences as the modernists, has nevertheless followed his own artistic impulses while expecting audiences to adjust to them. The late Beatles gave us a touch of this as well. Hovering over these discussions has been this question: what is the right balance between disdaining the public at one extreme and "selling out" to it at the other?

Assignment

1) In a single paragraph, post the following:

a. Briefly define your position regarding the right balance (see above); to what degree should artists cater to audiences? Give an example of one of two circumstances:

i. A group or artist that in your opinion has sold out. On what criterion (or criteria) do you base that opinion? Is it a shift in musical style? ... a lowering of musical quality coinciding with a rise in popularity? ...statements by the artist(s), music critics, fans, or others?

ii. A group or artist that in your opinion has resisted the temptation to sell out. On what do you base that opinion?

How a Welsh jeans firm became a cult global brand

With a look of concentration on her face, a worker guides the sheet of denim through the sewing machine, and a pair of jeans starts to take shape.

As the needle goes up and down in a blur of movement and rattling noise, a line of stitching starts to form a neat trouser leg.

When most people think about the global fashion industry it is safe to say that a sleepy town in far west Wales does not immediately spring to mind.

Yet Cardigan, on Wales' Irish Sea coast, has for the past five years been home to a high-end jeans-maker - the Hiut Denim Company.

Beloved by a growing number of fashionistas from New York to Paris, and London to Melbourne, Hiut ships its expensive jeans around the world.

As orders arrive via its website, Hiut's workforce of just 15 people gets to work hand-cutting and sewing the trousers from giant rolls of indigo-coloured denim that the company imports from Turkey and Japan.

Despite only making around 120 pairs of jeans a week, founder and owner David Hieatt has big ambitions to expand.

While it may seem a little incongruous that a posh jeans business is based in west Wales, Cardigan (population 4,000) actually has a long history of jeans-making.

For almost 40 years the town was home to a factory that made 35,000 pairs of jeans each week for UK retailer Marks & Spencer. But in 2002 the facility closed with the loss of 400 jobs when production was moved to Morocco to cut costs.

Fast forward 10 years, and when Mr Hieatt - a proud Welshman - was looking to open a factory to start making jeans, he chose Cardigan. The company name is a combination of the first two letters of Mr Hieatt's surname and the word "utility".

"Where better to locate ourselves than in a town with a history of jeans-making, where the expertise remains?" he says.

Employing machinists who had previously worked in the old factory and not lost their years of jeans-making skills, Mr Hieatt says he was confident that Hiut could be successful if it concentrated on selling directly to consumers around the world via its website.

"Without the internet we'd have been dead within 12 weeks," he says. "But the internet has changed only everything. The internet allows us to sell direct and keep the [profit] margin... it enables us to compete."

Now exporting 25% of its jeans, it takes Hiut about one hour and 10 minutes to make one pair, compared with 11 minutes at a highly mechanised jeans industry giant.

And rather than staff doing just one part of the manufacturing process, such as sewing on the pockets, each machinist at Hiut makes a pair of jeans from start to finish.

Mr Hieatt refers to the workers as "grand masters". This is in reference to the fact that some of them have more than 40 years of jeans-making experience, and new joiners have to train for three years before they can start making jeans for customers.

In running Hiut Mr Hieatt and his co-owner, wife Clare, have benefited from their experience of previously owning a clothing firm called Howies, which they sold to US firm Timberland for £3.2m in 2011.

But what has also been invaluable is Mr Hieatt's previous career working in advertising.

This advertising nous has enabled him to very effectively market and promote Hiut, from its snazzy website, to its extensive use of social media; both adverts in people's Facebook feeds and arty photos of people wearing its jeans.

"The interesting thing about social media for me is that up until Facebook, Instagram, Twitter and SnapChat you had to have a huge budget in order to tell your story," he says.

"In effect you were locked out of telling that story because the costs [of advertising and wider marketing] were too high. But social media has actually allowed the smaller maker [small firms that manufacture things] to go and tell his story.

"And actually, if David wants to beat Goliath, the best tool in the world is social media."

Mr Hieatt also sends out free jeans to what he calls "influencers", either fashion bloggers or famous people, in the hope that they will write or talk positively about the brand.

Successful examples of this have been an increase in orders from Denmark after Hiut sent a pair of its jeans to celebrated Danish chef Rene Redzepi, and also UK TV presenter Anthony McPartlin of the duo Ant & Dec tweeting about the company.

As Hiut continues to win overseas orders for its jeans costing up to £230 ($300) a pair, Mr Hieatt admits that one negative issue the company has to deal with is a return rate of "about 14%" - people sending them back because they don't fit.

To counter this problem Hiut is exploring using technology that can accurately tell from a photo a person's perfect jeans size.

Dr Natascha Radclyffe-Thomas, fashion marketing course leader at London College of Fashion, says that if Hiut wants to expand its overseas sales it needs to "have the website in different languages" and consider partnerships that will see its jeans listed on other websites.

Back at Hiut's small factory on the edge of Cardigan, Mr Hieatt says the long-term aim remains to recreate 400 jeans-making jobs in the town.

"Our aim is to get 400 people their jobs back. If you ask me when is that going to happen, the honest answer is I don't know.

"But I believe in compound interest. Small things over time gather huge numbers."

QUESTION:

What international marketing strategy would you recommend to the firm?

Assume there are three companies that in the past year paid exactly the same annual dividend of ​$2.88 a share. In​ addition, the future annual rate of growth in dividends for each of the three companies has been estimated as​ follows:

(Click on the icon located on the​ top-right corner of the data table below in order to copy its contents into a​ spreadsheet.)

Assume also that as the result of a strange set of​ circumstances, these three companies all have the same required rate of return (r=14%).

a. Use the appropriate DVM to value each of these companies.

b. Comment briefly on the comparative values of these three companies. What is the major cause of the differences among these three​ valuations?

a. For​ Buggies-Are-Us, the value of the​ company's common shares is $___. (Round to the nearest​ cent.)

For Steady​ Freddie, Inc., the value of the​ company's common shares is $__. (Round to the nearest​ cent.)

For Gang Buster​ Group, the value of the​ company's common shares is $___. (Round to the nearest​ cent.)

b. Comment briefly on the comparative values of these three companies. What is the major cause of the differences among these three​ valuations?​(Select the best choice​ below.)

A.The value of​ Buggies-Are-Us is $20.57 compared to $62.80 for Steady​ Freddie, Inc., and $70.45 for Gang Busters Group. The difference in values is caused by the difference in dividend growth rates. The​ Buggies-Are-Us dividends do not​ grow, resulting in the lowest value. The dividends of Steady​ Freddie, Inc., grow at a constant rate of 9​% forever, whereas Gang Busters​ Group's dividends grow at approximately​ 12% for the first four years and 14​% from year five to the foreseeable future. The higher growth in dividends in the earlier years causes the stock of Gang Busters Group to be worth more than Steady​ Freddie, Inc., stock.

B. The value of​ Buggies-Are-Us is $20.57 compared to $62.80 for Steady​ Freddie, Inc., and $70.45 for Gang Busters Group. The difference in values is caused by the difference in dividend growth rates. The​ Buggies-Are-Us dividends do not​ grow, resulting in the lowest value. The dividends of Steady​ Freddie, Inc., grow at a constant rate of 9​% forever; whereas Gang Busters​ Group's dividends grow at approximately​ 12% for the first four years and 9​% from year five to the foreseeable future. The higher growth in dividends in the earlier years causes the stock of Gang Busters Group to be worth more than the Steady​ Freddie, Inc., stock.

Introducing Students to the FASB Codification System 163 The Accounting Educators’ Journal, 2011 Case 3 Sublease You are an audit partner in Slick & Co. CPAs. Mann Co. has been an audit client for ten years. Mann Company is owned by Lisa Mann who is a very astute businesswoman but she is not at all knowledgeable about GAAP. In fact over the years she has complained about the “stupid GAAP rules”. Lisa has built Mann into a $100 million in sales company that went public several years ago. You ran into her waiting in line at a restaurant and she indicated that she had a problem you need to address for her. She said: “ I know you remember all of the equipment we leased about three years ago. Remember, we had disagreements on how the lease should be handled. You made us treat it as a purchase and record a related liability of about $5 million, as I recall. The lease was an eight-year lease and we have been depreciating the asset over the lease term. As you know, our business has been expanding rapidly and the leased equipment is no longer adequate for our needs. We have decided to buy or lease new high output equipment. The lease on the original equipment allows us to sub-lease the equipment, which is our plan since the lease has another four to five years to go. My question to you is, if we sublease the equipment can we take it and the related liability off our books? We really need to get that debt off our books. Perhaps you could tell me how we should structure the deal so that we can get the liability off the books.” At this point Lisa was told that her table was ready so she needed to rejoin her party. She said “Would you please write a letter giving your advice and please give me specific references to GAAP so that my controller can review the materials with me. Thanks so much for your help on this. I really need to join my friends….. Try the Veal Marsala…it is great here!” Write a memo to Lisa Mann providing the information she requested.