Question 1
C: 3-1 High Corporation incorporates on May 1 and begins business on May 10 of the current year. What alternative tax years can High elect to report its initial year?s income? C: 3-11 Why are corporations allowed a dividends received deduction? What dividends qualify for this special deduction? C: 3-18 Describe the three types of controlled groups. C: 3-39 Taxable Income Computation. Omega Corporation reports the following results for the current year: Gross profits on sales $120,000 Dividends from less-than-20%-owned domestic corporations 40,000 Operating expenses 100,000 Charitable contributions (cash) 11,000 a. What is Omega?s charitable contributions deduction for the current year and its charitable contributions carryover to next year, if any? b. What is Omega?s taxable income for the current year, assuming qualified production activities income is $20,000? C: 3-44 Ordering of Deductions. Beta Corporation reports the following results for the current year: Gross income from operations $180,000 Dividends from less-than-20%-owned domestic corporations 100,000 Operating expenses 150,000 Charitable contributions 20,000 In addition, Beta has a $50,000 NOL carryover from the preceding tax year, and its qualified production activities income is $30,000. a. What is Beta?s taxable income for the current year? b. What carrybacks or carryovers are available to other tax years? C: 3-52 Controlled Groups. Which of the following groups constitute controlled groups? (Any stock not listed below is held by unrelated individuals each owning less than 1% of the outstanding stock.) For brother-sister corporations, which definition applies? a. Judy owns 90% of the single classes of stock of Hot and Ice Corporations. b. Jones and Kane Corporations each have only a single class of stock outstanding. The two controlling individual shareholders own the stock as follows: Tom 60% 80% Mary 30% 0% c. Link, Model, and Name Corporations each have a single class of stock outstanding. The stock is owned as follows: Link Corp. 80% 50% Model Corp. 40% Link Corporation?s stock is widely held by over 1,000 shareholders, none of whom owns directly or indirectly more than 1% of Link?s stock. d. Oat, Peach, Rye, and Seed Corporations each have a single class of stock outstanding. The stock is owned as follows: Bob 100% 90% Oat Corp. 80% 30% Rye Corp. 60%
Question 2
Midterm Exam ? Chapters 1 to 5. Each question is worth 10 points for a total of 100 points. 1. Historical data for a local steel manufacturing company shows that the average number of defects per standard sheet of steel is 2. In addition, the number of defects per unit is distributed according to Poisson distribution. A batch has just been completed. What is the probability that the first three units manufactured in this batch will contain at least a total of 4 defects? 2. X has the following probability distribution P(X): Compute the mean and variance of distribution. 3. For a binomial process, the probability of success is 40% and the number of trials is 5. Find P(X>4). 4. A test has 6 multiple choice questions, each with 4 alternatives. What is the probability of guessing 5 or more questions correctly? 5. The manager of the local grocery store has determined that, on the average, 4 customers use the service desk every half-hour. Assume that the number of customers using the service desk has a Poisson distribution. What is the probability that during a randomly selected half-hour period no more than 2 customers use the service desk? 6. An advertising campaign is being developed to promote a new bookstore opening in the newest mall development. To develop an appropriate mailing list it has been decided to purchase lists of credit card holders from MasterCard and American Express. Combining the lists they find the following: 40% of the people on the list have only a MasterCard and 10% have only an American Express card. Another 20% hold both MasterCard and American Express. Finally, 30% of those on the list have neither card. Given that a person has a MasterCard is the probability that person also has an American Express Card? 7. At a certain university, 30% of the students major in zoology. Of the students majoring in zoology, 60% are males. Of all the students at the university, 70% are males. What percentage of the students are males majoring in zoology? 8. In a normally distributed population, what tolerance interval contains a. 68.26 percent of all measurements? b. 95.44 percent of all measurements? 9. Determine the mean, median, and mode of the data set 95,86,78,90,62,73,89,92,84,76. 10. How many classes should be created for a frequency histogram containing: a. 130 values in a data set? b. 120 values in a data set?,If there is any way to show your work as much as possible so I could comprehend what's going on for future reference. Thank you!!,On question #2 I forgot to disclose the chart for the question; below it is provided. Thank you! X 1 2 3 4 P(X) .1 .5 .2 .2 Is 4pm today a reasonable time for you?
Question 3
"The password to the attached excel file is: 2310 (please fill answers in excel file, or your own exact excel file) Adjusting entries: A1-she used 2/3 of the supplies by the end of the month A2- depreciation on the grooming equipment:$450 Instructions: A. record the journal entries. B. Set up necessary T-account and post the journal entries C. Prepare a trial balance for the period ended January 31, 2010 D. Prepare an income statement for the period January 2010. E prepare a statement of retained earnings for the period January 2010. F. prepare a balance sheet as of January 31 ,2010 Jan. 5. Jane deposited $ 15,000 in her business checking account. This is her initial investment in the business. Jan. 7. Jane purchased flower grooming equipment for $4,500. She paid $2,000 as a down payment and signed a note to pay the balance in two payments. Jan. 10. Jane purchased a computer system for $2,500, cash. Jan. 12. She sold flowers to a wedding ceremony in the amount of $4,500, but she had to bill them. The invoice was to be paid by February, 2010. Jan. 15. Jane purchased office supplies in the amount of $1,500. Jan. 20. She received ? of what she billed for flowers for the wedding ceremony on Jan. 12th. Jan. 22. She withdrew $2,000. for her personal use. Jan. 25. She decided to pay one payment that she owed on her equipment purchase on Jan. 7th. Jan. 31. Jane hired an assistant and paid the wages by the end of the month in the amount of $1,500. Jan 31. She had a total of $25,000 in cash sales for the month. Adjusting entries ? A1 - she used 2/3 of the supplies by the end of the month, A2 ? depreciation on the grooming equipment - $450.",This problem need to be completed by 11:00 pm (CST) time
Question 4
"Conch Republic Electronics is a mid-sized electronics manufacturer located in Key West, Florida. The company president is Shelly Gouts, who inherited the company. The company originally repaired radios and other household appliances when it was founded over 70 years ago. Over the years, the company has expanded, and it is now a reputable manufacturer of various specialty electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company in its finance department. One of the major revenue-producing items manufactured by Conch Republic is a Personal Digital Assistant (PDA). Conch Republic currently has one PDA model on the market and sales have been excellent. The PDA is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffet music. However, as with any electronic item, technology changes rapidly, and the current PDA has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new PDA that has all the features of the existing one, but adds new features such as cell phone capability. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new PDA. Conch Republic can manufacture the new PDA for $86 each in variable costs. Fixed costs for the operation are estimated to run $3 million per year. The estimated sales volume is 70,000, 80,000, 100,000, 85,000, and 75,000 per each year for the next five years, respectively. The unit price of the new PDA will be $250. The necessary equipment can be purchased for $15 million and will be depreciated on a 7-year MACRS schedule. It is believed the value of the equipment in five years will be $3 million. Net working capital for the PDAs will be 20 percent of sales and will occur with the timing of the cash flows for the year (i.e., there is no initial outlay for NWC). Changes in NWC will thus first occur in Year 1 with the first year's sales. Conch Republic has a 35 percent corporate tax rate and a 12 percent required return. Shelly has asked Jay to prepare a report that answers the following questions: 1. What is the payback period of the project? 2. What is the profitability index of the project? 3. What is the IRR of the project? 4. What is the NPV of the project? " - Sent to Finance Expert Tutor on 2/19/2012 at 9:06am Yes, charge my account. Thank you. Please provide a quote for the attached file.,Please check my last correspondance; review attached file (unit 8 questions)see below! What would thid entail. I just completed payment for highlighted questions #1 and #2; looking for assistance with questions 50-75 on review list (highlighted #3) Thank you. Richard,Please do not repeat questions; the unit 8 document contains some repetition. Thank you. Richard
Question 5
BUS 302 (MANAGEMENT CONCEPTS) WEEK 2 DISCUSSIONS DUE DATE: JAN 12, 2012 AT 10:00 AM Please confirm if you're going to wotk on it! PLAGIARISM IS NOT ACCEPTED No Minimum or maximum words is required, just answer your question clearly, concise and precise. Please respond to the following: Please type question (or the requested info) followed by your answer to the question. 1) Compare and contrast the theories of scientific management with that of the human relations management approach. No Minimum or maximum words is required, just answer your question clearly, concise and precise. Change in the Workplace: Please type question (or the requested info) followed by your answer to the question. 2) Discuss how changing environments impact organizations. Give examples from your organization or from those you have read about.,Good morning Professor Rachel! Could you please work on the following questions for $20.00 is due for tonight and I would like you do it for me, since you always do a very well done job. I'll really appreciate it! DUE DATE: JAN 12, 2010 AT 9:00 PM Discussion 1: ?Action Plan for Effective Listening.? Create a formalized action plan with specific steps describing what you can do to evaluate your progress in becoming an effective listener. Look at the sample action plan in ?Thinking Activity: 3.4? and review the ?Eight steps of effective listening.? Please respond to the following: Please type question (or the requested info) followed by your answer to the question. There is no minimum or maximum words required, just answer the question clearly, concise and precise. Use plain English. Plagiarism is not accepted. These are Citical Thinking(subject) questions. Describe exactly what you will do to improve your listening. Describe when and where you will try to improve your listening (days/times/places). Describe specifically how you will check your progress. Discussion 2: ?How Good Is Your Memory? Recall Versus Recognition.? Without looking first at a penny, answer the questions below. (You don?t need to write down your answers.) ? Which way is Lincoln facing? To the front, to the left, or to the right? ? Is the date on the left or right side of Lincoln? ? What single word is on the opposite side of Lincoln from the date? ? Does it say ?E Pluribus Unum? anywhere on the penny? If so, is it on the front or back side of the penny? ? Does it say ?One Cent? anywhere on the penny? If so, is it on the front or back? ? Does it say ?Give me liberty or give me death? anywhere on the penny? If so, is it on the front or the back? ? Does it say ?In God we trust? anywhere on the penny? If so, is it on the front or the back? ? Does it say ?United States of America? anywhere on the penny? If so, is it on the front or back? ? Is there a picture of the American flag anywhere on the penny? If so, is it on the front or the back? Next, after you have answered each question, look at a penny to see how well you remembered what it actually looks like. Please respond to the following: Please type question (or the requested info) followed by your answer to the question. There is no minimum or maximum words required, just answer the question clearly, concise and precise. Use plain English. Plagiarism is not accepted. What does this exercise reveal about your own perceptions and memories? What differences are there between recognizing and recalling? Do these differences suggest anything about the accuracy of memories?
