Question 1
GUIDELINES Individual Presentation Topic ?Choose a multinational company ?Describe it and its operations (analytical and financial) ?Explain how it was affected by the European crisis ?Explain the steps that it took to adapt to this changing environment ?Show possible next steps ?Recommend an action plan Internal analysis External analysis 3 Alternatives with the Pros and Cons Recomendations ( from the chosen alternative) Implementation for the short term ,and long term with all details and costs for everything Everything must be done on power point slides,(it's not a presentation or a paper ) and references should be put at the end. 25 slides An european company is prefered .Graphs and Pie charts must be used.,Hi I was wondering if you could work on Volkswagen or H&M ,(OPTIONAL )?i would not mind if you have a better Idea :) THANKS Rachel,Hi Rachel I got an extension from my teacher for tomorow night at 23h.You forgot to include the following which are the most important. -3 alternatives ( meaning what the company could do to solve its problems) with their pros and cons for every alternative.Choose one alternative that would solve the main problems of the company. - the recomendation based on the main problems of the company (weaknesses ,treaths....opportunities etc) Implementation (of the choosen alternative) For example --> expand to china,why china ? how much it would cost?___>outsource the production there....how is it going to solve the problem etc produce more fuel efficient cars, electric cars ---> why ,meaning how beneficial is it to the company to do that? and much it will cost( cost can be an approximation or an estimate ,but should make sense ) The implementation should explain all what we are going to do in the short run and in the long run TO SOLVE THE POTENTIAL problems and issues that the company faces now, and how much its going to cost and how is it going to be beneficial to the company if its done. I have attached a previous presentation PLEASE COPY EXACTLY THESE MODEL for the ALTERNATIVES WITH PROS AND CONS RECOMENDATIONS IMPLEMENTATION Sorry for the inconvinience ,and thank you.,HI Rachel Did you receive the power point slides I attached in the previous message?Please let me know Thank you,Hi Rachel In case you did not received them ,I included it in these message,please follow the same format for the alternatives ,recomendation and implementation . I added another example of a PPT that clearly explains,key issues and potential solutions for WV but they are for 2006. Thank you Rachel,Enter your follow up question here...
Question 2
ReelTime distributes DVDs to movie retailers, including dot-coms. ReelTime?s top management meets monthly to evaluate the company?s performance. Controller Terri Lon prepared the following performance report for the meeting. REELTIME, INC. Income Statement Performance Report Month Ended July 31, 2007 Actual Results Static Budget Variance_ Sales Revenue $1,640,000 $1,960,000 $320,000 F Variable Costs: Variable Costs: 773,750 980,000 206,250 F Sales Commissions 77,375 107,800 30.425 F Shipping Expense 42,850 53,900 11,050 F Total Variable Costs 893,975 1,141,700 247,725 F Fixed Costs: Salary Expense 311,450 300,500 10,950 U Depreciation Expense 208,750 214,000 5,250 F Rent Expense 128,250 108,250 20,000 U Advertising Expense 81,100 68,500 12,600 U Total Fixed Costs 729,550 691,250 38,300 U Total Expenses 1,623,525 1,832,950 209,425 F Operating Income $ 16,475 $ 127,050 $110,575 U Lon also revealed that the actual sales price of $20 per movie was equal to the budgeted sales price and that there were no changes in inventories for the month. Management is disappointed by the operating income results. CEO Lyle Nesbitt exclaims, ?How can actual operating income be roughly 13% of the static budget amount when there are so many favorable variances?? Requirements 1. Prepare a more informative performance report. Be sure to include a flexible budget for the actual number of DVDs bought and sold. 2. As a member of ReelTime?s management team, which variances would you want investigated? Why? 3. Nesbit believes that many consumers are postponing purchases of new movies until after the introduction of a new format for recordable DVD players. In light of this information, how would you rate the company?s performance? Your written response should be no more than two type written pages (double spaced) plus the necessary performance report. Be careful with you spelling and grammar.,hi. Please Help me solving this case. Also attached a .pdf file which has its requirement and complete data. I also need a analysis and recommendations no more than 2 pages. If i like it i will pay little bit more money as well. thank you.,thank you. I will be waiting for your post. I need it by wednesday night. Thank you again Mr. Michael,Thank you so so much. What do i do to pay you now or is it automaticly going to be deducted off my account. And, its perfectly done. The format and analysis. Really great. Your a life saver. Let me know where i can do a feedback for your profile.
Question 3
"1. A tax rate that increases as the tax base increases is an example of what kind of tax rate structure? a. Progressive b. Proportional c. Regressive d. Recessive 2. Determine the marginal tax rate for a single taxpayer with taxable income of $39,510. _________________ 3. Determine the marginal tax rate for a single taxpayer with taxable income of $39,510. _________________ 4. Employers report wage income to employees on a a. Form W-2 b. Form W-3 c. Form 1099-E d. Form 1099-G 5. Interest payors (banks, savings and loans, insurance companies, etc.) report interest earnings to taxpayers on a a. Form W-2 b. Form 1099-INT c. Bank Statement d. Form 1040 Determine the amount of the standard deduction for each of the following taxpayers for tax year 2010: 6. Peter and Elizabeth, who are married and file separate tax returns. Elizabeth will itemize her deductions. _________ 7. Patricia, who earned $1,100 working a part-time job. She can be claimed as a dependent by her parents. _________ 8. Rodolfo, who is over 65 and is single. _________ 9. Bernard, who is a nonresident alien with U.S. income. _________ 10. Herman, who is 76 and a qualifying widower with a dependent child. _________ 11. Alex is single and had W-2 income of $32,996 and interest income of $211. What is his taxable income? $23,857 ________ 12.. A taxpayer is married with a qualifying child (dependent), but she has been living apart from her spouse for five months of the year. She paid for more than half of the cost of keeping up the household. Her spouse does not want to file jointly. What filing status must she use when filing her tax return if she wants to obtain the maximum legal benefit? a. Single b. Head of Household c. Qualifying Widow(er) d. Married Filing Separately 13. The taxpayer?s spouse died at the beginning of 2010. He has no qualifying child. Which filing status should the taxpayer select for his tax return for 2010? a. Married Filing Jointly b. Married Filing Separately c. Single d. Qualifying Widow(er) 14. A legally divorced taxpayer maintains a household for himself and maintains a separate household that is the principal place of abode of his dependent widowed mother. What filing status should he use when filing his tax return? a. Head of Household b. Single c. Qualifying widow(er) d. Married Filing Separately 15. Tina is age 21 and a full-time student living with her parents. She had wages of $550 ($60 of income tax withholding) for 2010. Can Tina claim an exemption for herself on her tax return even though her parents will claim her as a dependent on their tax return? a. No, Tina cannot claim the exemption b. Tina and her parents can both claim the exemption c. No one can claim the exemption for Tina d. Yes, Tina can claim the exemption 16. Failure to make required estimated payments will subject the taxpayer to a potential underpayment penalty plus interest. However, if the difference between the tax shown on the return and the amount of tax withheld for wages is less than _______, the taxpayer will not be assessed a penalty. a. $ 500 b. $ 850 c. $ 1,000 d. $ 1,250 17. Can a taxpayer avoid the failure to pay on time penalty by filing an automatic extension of time to file his or her tax return? __________________________ 18. If an attorney performs some estate tax work for a client and the client agrees to pay $1,000 to him and $2,000 to a local financial institution for a debt the attorney owes, the attorney has income of: a. $1,000 b. $2,000 c. $3,000 d. None of the above 19. Income may be realized in the form of: a. Property b. Cash c. Services d. All of the above 20. Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2010 in the following case: A taxpayer completes $500 of accounting services in December 2010 for a client who pays for the accounting work in January 2011. 2010 Income _______ 2011 Income _______ 21. Lei, who files as head of household, received $9,000 of social security benefits. Her AGI before the social security benefits was $27,000. She also received $200 of tax exempt interest. What amount of social security benefits is taxable to Lei? a. $ 3,250 b. $ 4,500 c. $ 7,650 d. $ 9,000 22. Which of the following should not be included in income? a. Unemployment compensation payments b. Jury duty pay c. Prizes and awards d. Worker?s compensation payments 23. Payments under written dependent care assistance plans are tax free, except that the exclusion for a single person cannot exceed his or her earned income and cannot exceed a. $ 2,500 b. $ 5,000 c. $ 5,150 d. $ 5,250 24. Monique is a graduate student at a state university. In 2010, she received a $9,000 scholarship ($6,000 for tuition and fees and $3,000 for campus housing) and a graduate assistantship that pays $4,000. What amount of the amount she received from school is taxable? a. $ 4,000 b. $ 7,000 c. $ 9,000 d. $13,000 25. Employers can reimburse employees for up to $_________________ per year of educational assistance, whether or not job related. a. $ 5,000 b. $ 5,150 c. $ 5,250 d. $ 5,520 26. Paola is a freshman in the UC-Davis degree program in veterinary medicine. In 2010, Paola paid $3,000 in tuition, $500 for books, and $250 for supplies for class. Paola also paid room and board of $3,500. What is the total qualifying educational expense for educational loan interest for Paola in 2010? a. $7,250 b. $3,750 c. $3,500 d. $3,000 27. Henry graduated from the University of Maryland in 2010. In 2010, to take advantage of lower interest rates, he refinanced his qualified educational loans with another loan. He is not a dependent on another person?s tax return. What is the maximum deduction available to him for the $3,200 he paid for educational loan interest in 2010? a. $0 b. $3,200 c. $2,500 d. $3,000 28. Rena had the following moving expenses during 2010: Cost of packing and transporting her household goods $1,500 Lodging for travel between the old home and new home $600 Meals incurred during the trip $175 Rena moved to start a new job and met all the required tests for moving expense deductibility. What is the total amount of moving expenses that can be deducted on her 2010 return? a. $2, 275 b. $2,100 c. $1,675 d. $600 29. The determination for the deduction of the self-employment tax is based upon a. the net earnings of the business b. the gross earnings of the business c. a total of 7.65% of FICA taxes d. the total of itemized deductions 30. Maria is granted a divorce. Beginning in January 2010, by court ordered decree, she paid her husband $600 per month for alimony and $300 per month for child support. For 2010, how much will she be able to deduct as alimony? a. $7,200 b. $3,600 c. $600 d. $0 31. Which of the following may not be deducted as medical expenses? a. $3,000 to a family physician for medical care. b. $1,000 long-term care insurance. c. $600 for eyeglasses. d. $300 for maternity clothes. 32. Mrs. Gonzales must use a wheelchair. Upon advice from her physician, she installed an elevator and widened the front entrance of her house in 2010, incurring $15,000 and $4,000 in costs, respectively. Mrs. Gonzales originally purchased her house for $152,000. An appraisal showed the fair market value of Mrs. Gonzales?s house immediately after these modifications at $162,000. Compute her currently deductible medical expense. a. $19,000 b. $15,000 c. $9,000 d. $4,000 33. Maria is single and age 32. In 2010, she had AGI of $35,000. During the year she incurred and paid the following medical costs: Doctor and Dentist fess $1,950 Prescription medicines 275 Medical care insurance premiums 340 Health Club Fee 600 Crutches for a sprained ankle 50 What is Maria?s medical expense deduction (before application of the adjusted gross income limitation) for her 2010 tax return? a. $3,215 b. $3,165 c. $2,940 d. $2,615 34. During 2010, Sam paid the following taxes related to his home: Property taxes on residence (paid from escrow account) $1,550 Property tax portion of car registration (based on value) 400 Property taxes on land held for long-term appreciation 350 What amount can Sam deduct as property taxes in calculating his itemized deductions for 2010? a. $350 b. $750 c. $1,950 d. $2,300 35. Which of the following miscellaneous deductions are subject to the 2% of adjusted gross income limitation? a. Unreimbursed employee business expenses b. Investment counsel and advisory fees c. Safe deposit box fees d. All of above 36. Which of the following expenses are deductible, but subject to the 2% limitation on Form 1040, Schedule A, Job Expenses and Most Other Miscellaneous Itemized Deductions? a. A blue suit for an accountant. b. Appraisal fees on the sale of a personal residence. c. Uniforms for a UPS delivery person. d. The cost of hauling tools to work in a car. 37. Which of the following are miscellaneous itemized deductions not subject to the 2% adjusted gross income limitation? a. Unreimbursed employee business expenses b. Gambling losses up to the amount of gambling winnings c. Union or professional dues and subscriptions d. Tax return preparation fees 38. Which of the following expenses are not deductible as medical expenses? A. Insulin used for diabetes B. Wig, purchased upon the advice of a physician for the mental health of a patient who has lost all of his/her hair from disease C. Swimming lessons, recommended by a doctor for improvement of general health D. Acupuncture used to treat migraines 39. Cynthia lives in California, a state that imposes a tax on income. The following information relates to Cynthia's state income taxes for 2010. State taxes withheld from Cynthia?s paychecks in 2010 $3,000 Refund received in 2010 from 2008 tax $300 State taxes paid in 2010 from 2008 tax $800 Assuming she elects to deduct state and local income taxes, what amount should Cynthia use as an itemized deduction for state and local income taxes for her 2010 federal income tax return? A. $1,100 B. $2,700 C. $3,800 D. $4,100 Each of the following taxpayers received a state income tax refund in 2010. In all cases, the taxpayer has a filing status of married filing jointly. What amount of the refund is properly included in 2010 income? 40. Refund of $729; taxpayer did not itemize deductions in 2009. _________ 41. Refund of $591; taxpayer had $13,220 of itemized deductions in 2009. _________ 42. Refund of $927; taxpayer had itemized deductions of $11,600 in 2009. _________ 43. In May 2010, Maria graduated from the University of San Diego with a degree in accounting and moved to Denver to look for work. Shortly after arriving in Denver, she obtained work as a staff accountant in a local CPA firm. In her move to Denver, Maria incurred the following costs: $450 in gasoline. $250 for renting a truck from UPAYME rentals. $100 for a tow trailer for her car. $85 in food. $35 in double lattes from Starbucks. $300 for motel lodging on the way to Denver. $350 for a previous plane trip to Denver to look for an apartment. $175 in temporary storage costs for her collection of antique bassoons. How much, if any, may Maria take as a moving expense deduction on her 2010 tax return? Is that deduction subject to any conditions that could change its deductibility in the future? ___________ 44. Juan, who is single, is a self-employed carpenter and is also an employee of Frame It, Inc. His self-employment net income is $35,000, and he received a W-2 from Frame It for wages of $25,000. He is covered by his employer?s pension plan, but his employer does not offer a health plan in which he could participate. Up to how much of his self-employed health insurance premiums could he deduct for this year, if any? _________________ 45. Under the terms of a divorce decree executed May 1, 2010, Rob transferred a house worth $650,000 to his ex-wife, Linda, and was to make alimony payments of $3,000 per month. The property has a tax basis to Rob of $300,000. How much of this must be reported on Linda?s tax return? _________________ 46. Which of the following organizations qualifies for deductible charitable contributions? a. A nonprofit educational institution. b. The Salvation Army. c. Churches. d. All of the above. 47. In 2010, the Bells? vacation cottage was severely damaged by an earthquake in an area not declared a federal disaster area. They had AGI of $110,000 in 2010. Following is information related to the cottage: Cost basis $95,000 FMV before casualty 135,000 FMV after casualty 25,000 The Bells had insurance and received an $80,000 insurance settlement. What is the amount of allowable casualty loss deduction for the Bells in 2010 before the AGI and event limitations? a. $13,500. b. $14,900 c. $15,000 d. $40,000 48. Which expense, incurred and paid in 2010, can be claimed as an itemized deduction subject to the 2% of AGI floor? a. Self-employed health insurance. b. Unreimbursed moving expenses. c. Employee?s unreimbursed business car expense. d. Self-employment taxes. 49. Raquel, who works in medical sales, drives her own vehicle to various locations for client sales meetings. Her employer reimburses her $400 each month for various business expenses and does not expect Raquel to provide proof of her expenses. Her employer included this $4,800 reimbursement in Raquel?s 2010 W-2 as part of her wages. In 2010, Raquel incurred $3,000 in transportation expense, $1,000 in parking and tolls expense, $1,800 in car repair expense, and $600 for expenses while attending a professional association convention. Assume that Raquel uses the vehicle for business purposes only and that she maintains adequate documentation to support all of these expenditures. What amount is Raquel entitled to deduct on her Schedule A for miscellaneous itemized deductions? a. $6,400 b. $4,800. c. $1,600. d. $0 50. Louis is employed as an accountant for a large firm in San Diego. During 2010, he paid the following miscellaneous expenses: Unreimbursed employee business expenses $520 Union dues 400 Tax return preparation fee 175 Job hunting expenses within the same profession 200 Louis plans to itemize his deductions in 2010; what amount could he claim as miscellaneous itemized deductions? ________________,Hello Prof: I want to get all of the answers from these 50 questions and i already increase the price at $80. please notify me when finish Best regards!,Hello prof: I'm just asking my working is finish or still working?,Hello Prof: I didn't see the answers from 16-30. i wanna know what's going on with these questions?,I didn't see the answers from 16-30 again,please make sure your answer contain 16-30.,hello: I got the answers and thank you fot that!
Question 4
1) Calculate the expected returns of your portfolio Stock Invest Exp Ret A $427 8% B $633 14.5% C $1,595 25.2% Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 12.345% then enter as 12.35 in the answer box. 2) Suppose the returns for Stock A for last six years was 4%, 7%, 8%, -2%, 9%, and 7%. Compute the standard deviation of the returns. 3) Suppose the nominal rate is 14.62% and the inflation rate is 5.49%. Solve for the real rate. 4) You own a portfolio invested 16.14% in Stock A, 13.99% in Stock B, 15.87% in Stock C, and the remainder in Stock D. The beta of these four stocks are 1.36, 0.58, 0.95, and 0.99. What is the portfolio beta? 5) Based on the following information, calculate the expected returns: 1. Prob Return Recession 30% 13.8% Boom 70% 18.8% Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 12.345% then enter as 12.35 in the answer box. 6) Suppose a stock had an initial price of $97.87 per share, paid a dividend of $3.1 per share during the year, and had an ending share price of $93.75. What are the percentage returns? 7) A portfolio is invested 37.7% in Stock A, 26.6% in Stock B, and the remainder in Stock C. The expected returns are 19%, 26.1%, and 11.8% respectively. What is the portfolio's expected returns? 8) Suppose a stock had an initial price of $83.94 per share, paid a dividend of $5.2 per share during the year, and had an ending share price of $98.63. What are the dollar returns? 9) You have observed the following returns on ABC's stocks over the last five years: 3.8%, 9.9%, 10.1%, 11.9%, 3.2% What is the geometric average returns on the stock over this five-year period. 10) Calculate the expected returns of your portfolio Stock Invest Exp Ret A $495 4.3% B $925 17.1% C $374 25.5% Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 12.345% then enter as 12.35 in the answer box. 11. Suppose a stock had an initial price of $89.77 per share, paid a dividend of $9.3 per share during the year, and had an ending share price of $80.25. What are the percentage returns if you own 25 shares? 12. Suppose the real rate is 2.65% and the nominal rate is 14.3%. Solve for the inflation rate. 13. Suppose the real rate is 5.88% and the inflation rate is 7%. Solve for the nominal rate. 14. You have observed the following returns on ABC's stocks over the last five years: 4.7%, 8.9%, -8.6%, 12.3%, -2.9% What is the arithmetic average returns on the stock over this five-year period. 15. Suppose a stock had an initial price of $94.23 per share, paid a dividend of $4.8 per share during the year, and had an ending share price of $82.22. If you own 142 shares, what are the dollar returns? 16. You own a portfolio invested 27.03% in Stock A, 16.48% in Stock B, 14.48% in Stock C, and the remainder in Stock D. The beta of these four stocks are 0.76, 1.08, 0.66, and 1.1. What is the portfolio beta? 17. You have observed the following returns on ABC's stocks over the last five years: 4.9%, 9.5%, -9.3%, 10%, -9.6% What is the geometric average returns on the stock over this five-year period. 18. You have observed the following returns on ABC's stocks over the last five years: 4.9%, 9.5%, -9.3%, 10%, -9.6% What is the geometric average returns on the stock over this five-year period. 19. Suppose a stock had an initial price of $65.3 per share, paid a dividend of $4 per share during the year, and had an ending share price of $107.67. What are the percentage returns?
Question 5
Ch. 17-Part A: Investment in Bond All A?s Company (a Sept. 30th year-end company) purchased a debenture issued by High Rate, Inc. on 4/1/CY (CY = current year). Relevant data to these bonds were as follows: Requirement: Prepare all (properly formatted) journal entries necessary to correctly account for All A?s investment in High Rate?s debentures. Ch. 23-Part A: Statement of Cash Flows Preparation The net changes in the balance sheet accounts of Eusey, Inc. for the year 2011 are shown below: Account Debit Credit Cash $ 265,600 Accounts receivable $ 64,000 Allowance for doubtful accounts 14,000 Inventory 287,200 Prepaid expenses 40,000 Long-term investments 144,000 Land 300,000 Buildings 600,000 Machinery 100,000 Office equipment 28,000 Accumulated depreciation: Buildings 24,000 Machinery 20,000 Office equipment 12,000 Accounts payable 233,200 Accrued liabilities 72,000 Dividends payable 128,000 Bonds payable 940,000 Preferred stock ($50 par) 60,000 Common stock ($10 par) 156,000 Additional paid-in capital?common 247,200 Retained earnings 60,800 $1,898,000 $1,898,000 Additional information: 1. Unaudited Income Statement Data for Year Ended December 31, 2011 Income before extraordinary items $420,000 Extraordinary losses: Condemnation of land $132,000 Loss from redemption of preferred stock 20,000 (152,000) Net income $268,000 2. Cash dividends of $128,000 were declared December 15, 2011, payable January 15, 2012. A 5% stock dividend was issued March 31, 2011, when the market value was $22.00 per share. 3. The long-term investments were sold at a $4,000 loss. 4. A building and land which cost $480,000 and had a book value of $300,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery 160,000 Accumulated Depreciation?Machinery 40,000 Machinery 60,000 Bonds Payable 140,000 6. A fully depreciated copier machine which cost $28,000 was written off. 7. Preferred stock of $60,000 par value was redeemed for $80,000; the loss was charged against earnings. 8. The company issued 12,000 shares of its common stock on June 15, 2011 for $27 a share. A $2 per share broker underwriting fee was recognized as part of Professional Fees Expense in the operating section of the income statement. There were 87,600 shares outstanding on December 31, 2011. 9. Bonds were issued at 104 on December 31, 2011. The premium was credited to Interest Revenue. 10. Land that was condemned had a book value of $240,000. Requirements: 1. Prepare a properly formatted and complete statement of cash flows using the indirect method. Ignore tax effects. Ch. 23-Part B: ASC Research Indicate how each of the cash flows from items a-e below should be classified in the statement of cash flows making sure to include a properly formatted ASC citation for the area you used in the development of your response. a. Available for Sale Securities b. Trading Securities c. Held-to-Maturity Securities d. Equity Securities accounted for under the Equity Method i. Acquisition & Disposition ii. Dividends e. Capitalized interest under ASC 360-10-30-1,I have completed most of the multiple choice problems already by working through them. I only need these three questions now. This comes out to $20 per question.,Thank you Michael. I appreciate your assistance.,I don't see where the answers are in the attachment. I see blue words at the bottom and highlights for the second problem, but I do not see any journal entries or a statement of cash flows. Where do I view these?
