This year Jack intends to file a married-joint return. Jack received $173,400 of salary and paid $8,600 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,550 and $35,100 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Suppose that Jack also reported income of $10,900 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income. What AGI would Jack report under these circumstances?
In: Accounting
The figure below shows a bar of mass m = 0.280 kg that
can slide without friction on a pair of rails separated by a
distance ℓ = 1.20 m and located on an inclined plane that makes an
angle θ = 29.5° with respect to the ground. The resistance
of the resistor is R = 1.50 Ω, and a uniform magnetic
field of magnitude B = 0.500 T is directed downward,
perpendicular to the ground, over the entire region through which
the bar moves. With what constant speed v does the bar
slide along the rails?
In: Physics
Part 2: Problem Solving - Consolidated Financials Assume that on 1/1/X0, a parent company acquires a 70% interest in its subsidiary for a price at $480,000 over book value. The excess is assigned as follows: Asset Fair Value Useful Life Patent $320,000 8 years Goodwill 160,000 Indefinite 70% of the goodwill is allocated to the parent. Included in the attached Excel spreadsheet are the pre-consolidation financial statements for both the parent and the subsidiary.
| ACT470-Portfolio-Option 1 | |||||||
| Consolidation Entries | |||||||
| Parent | Subsidiary | Dr | Cr | Consolidated | |||
| Income Statement: | |||||||
| Sales | 6,000,000 | 2,000,000 | 0 | ||||
| Cost of Goods sold | (4,000,000) | (1,200,000) | 0 | ||||
| Gross profit | 2,000,000 | 800,000 | 0 | ||||
| Income (loss) from subsidiary | 112,000 | 0 | |||||
| Operating expenses | (1,500,000) | (600,000) | 0 | ||||
| Net Income | 612,000 | 200,000 | 0 | ||||
| Consolidated NI attrib to NCI | 0 | ||||||
| Consolidated NI attrib to CI | 0 | ||||||
| Statement of Ret Earnings: | |||||||
| BOY retained earnings | 1,978,000 | 970,000 | 0 | ||||
| Net income | 612,000 | 200,000 | 0 | ||||
| Dividends | (190,000) | (100,000) | 0 | ||||
| EOY retained earnings | 2,400,000 | 1,070,000 | 0 | ||||
| Balance Sheet: | |||||||
| Cash | 200,000 | 120,000 | 0 | ||||
| Accounts receivable | 600,000 | 400,000 | 0 | ||||
| Inventory | 800,000 | 880,000 | 0 | ||||
| Equity investment | 1,400,000 | 0 | |||||
| PPE, net | 2,000,000 | 1,200,000 | 0 | ||||
| Patent | 320,000 | 0 | |||||
| Goodwill | 480,000 | 0 | |||||
| 5,800,000 | 2,600,000 | 0 | |||||
| Current liabilities | 500,000 | 200,000 | 0 | ||||
| Long-term liabilities | 1,100,000 | 600,000 | 0 | ||||
| Common stock | 600,000 | 280,000 | 0 | ||||
| APIC | 400,000 | 450,000 | 0 | ||||
| Retained earnings | 2,400,000 | 1,070,000 | 0 | ||||
| Noncontrolling interest | 0 | ||||||
| 5,000,000 | 2,600,000 | 0 | 0 | 0 | |||
In: Accounting
A projectile is shot from the edge of a cliff h= 245 m above ground level with an initial speed of v0= 155 m/s at an angle of 37.0 with the horizontal, as shown in the Figure.
a. What are the horizontal and vertical components of the initial velocity?
b. Determine the time taken by the projectile to hit point P at ground level
c. Determine the range X of the projectile as measured from the base of the cliff
d. Find the maximum height above the cliff top reached by the projectile
e. What is its speed right before it hits the ground?
Please Explain!! how to solve each step.!
In: Physics
Two capacitors C1 = 5.9 ?F, C2 = 16.2 ?F
are charged individually to V1 = 15.7 V, V2 =
4.9 V. The two capacitors are then connected together in parallel
with the positive plates together and the negative plates
together.
Calculate the final potential difference across the plates of the
capacitors once they are connected.
Calculate the amount of charge (absolute value) that flows from one capacitor to the other when the capacitors are connected together.
By how much (absolute value) is the total stored energy reduced when the two capacitors are connected?
In: Physics
In: Economics
In: Computer Science
How do aqueous solutions of ionic and molecular compounds differ?
In: Chemistry
In: Economics
Consider the random experiment of tossing two fair dice and recording the up faces. Let X be the sum of the two dice, and let Y be the absolute value of the difference of the two dice.
1.Compute the skewness coefficient and kurtosis of the distribution of X and Y.
2. For each of x=4,5,6 from the sample space of X do the following:
Construct the pff of the conditional distribution of X given Y = y
Compute the mean variance SD skewness coefficient snd kurtosis of the conditional distribution of Y given X = x. Are they distributional characteristics constant, or do they depend upon x?
In: Math
Write a Java program called Numbers that reads a file containing a list of numbers and outputs, for each number in the list, the next bigger number. For example, if the list is
78, 22, 56, 99, 12, 14, 17, 15, 1, 144, 37, 23, 47, 88, 3, 19
the output should look like the following:
78: 88
22: 23
56: 78
99: 144
12: 14
14: 15
17: 19
15: 17
1: 3
144: 2147483647
37: 47
23: 37
47: 56
88: 99
3: 12
19: 22
NOTE: If there is no bigger number in the sequence, just display the value of Integer.MAX_VALUE .
The output should be shown on the screen and also saved in a file.
Program Design
Additional Requirements
The output of your program should exactly match the sample program output given at the end
In: Computer Science
Use the monopolistic competition model to analyze the potential
effects of trade
(importing and exporting) on the pharmaceutical industry. (hint:
highlight the tradeoffs).
In: Economics
1. In the collusion game, we found that collusion was only sustainable in the infinite horizon repeated game. One Nash Equilibrium of that game can be found when all players play a “grim trigger” strategy, where they collude until an opponent chooses to compete, and then compete for all future rounds as a punishment. In such a game, if the one period bonus that comes from competing is low enough, firms always collude and the punishment is never triggered. However, let’s think a little deeper about this Nash Equilibrium. Is the punishment (vowing to compete forever after one deviates) realistic, especially if firms can communicate freely? Why or why not? (Hint: Is a grim trigger Nash Equilibrium a Subgame Perfect Nash Equilibrium? What kinds of Nash Equilibria does Subgame Perfection rule out in sequential games?)
In: Economics
(10) Let L = { <D> | D is a DFA that accepts sR whenever it accepts s } . Show that L is Turing-decidable.
In: Computer Science
Department S had 600 units 65% completed in process at the beginning of the period; 8,700 units completed during the period; and 1,000 units 53% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.
a.8,100
b.8,310
c.8,840
d.9,840
15.
Department G had 3,600 units 25% completed at the beginning of
the period, 11,000 units were completed during the period; 3,000
units were 20% completed at the end of the period, and the
following manufacturing costs debited to the departmental work in
process account during the period:
| Work in process, beginning of period | $40,000 |
| Costs added during period: | |
| Direct materials (10,400 units at $8) | 83,200 |
| Direct labor | 63,000 |
| Factory overhead | 25,000 |
All direct materials are placed in process at the beginning of
production and the first-in, first-out method of inventory costing
is used. What is the total cost of 3,600 units of beginning
inventory which were completed during the period (round unit cost
calculations to four decimal places)?
a.$16,163
b.$62,206
c.$19,275
d.$40,000
17.
Carmelita Inc., has the following information available:
| Costs from Beginning Inventory | Costs from current Period | |
| Direct materials | $6,000 | $22,900 |
| Conversion costs | 5,200 | 155,800 |
At the beginning of the period, there were 500 units in process that were 42% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,500 units were started and completed. Ending inventory contained 400 units that were 30% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method.
The cost of completing a unit during the current period was
a.$45.37
b.$26.36
c.$30.24
d.$36.29
The debits to Work in Process—Assembly Department for May, together with data concerning production, are as follows:
| May 1, work in process: | |
| Materials cost, 3,000 units | $7,500 |
| Conversion costs, 3,000 units, 50% completed | 5,500 |
| Materials added during May, 10,000 units | 25,300 |
| Conversion costs during May | 34,800 |
| Goods finished during May, 11,500 units | 0 |
| May 31 work in process, 1,500 units, 50% completed | 0 |
19. All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is
a.$3.48
b.$2.20
c.$4.23
d.$2.53
25.
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is
a.
Work in Process—Department 3555,000
Work in Process—Department 2555,000
b.
Work in Process—Department 3375,000
Work in Process—Department 2375,000
c.
Work in Process—Department 3490,000
Work in Process—Department 2490,000
d.
Work in Process—Department 3570,000
Work in Process—Department 2570,000
29. If a department that applies FIFO process costing starts the reporting period with 50,000 physical units that were 25% complete with respect to direct materials and 40% complete with respect to conversion, it must add 12,500 equivalent units of direct materials and 20,000 equivalent units to direct labor to complete them.
True or False
30. Carmelita Inc., has the following information
available:
| Costs from Beginning Inventory | Costs from current Period | |
| Direct materials | 2,000 | $ 22,252 |
| Conversion costs | 6,200 | 150,536 |
At the beginning of the period, there were 500 units in process
that were 60% complete as to conversion costs and 100% complete as
to direct materials costs. During the period, 4,500 units were
started and completed. Ending inventory contained 340 units that
were 30% complete as to conversion costs and 100% complete as to
materials costs. The company uses the FIFO process cost
method.
The equivalent units of production for direct materials and
conversion costs, respectively, were
a.4,602 for direct materials and 4,802 for conversion costs
b.4,902 for direct materials and 4,802 for conversion costs
c.4,840 for direct materials and 4,802 for conversion costs
d.5,340 for direct materials and 4,902 for conversion costs
In: Accounting