ECO – On June 5, 2003, the European Central Bank ECO – On June 5, 2003, the European Central Bank Question On June 5, 2003, the European Central Bank acted to decrease the short-term interest rate in Europe by half a percentage point, to 2 percent. The bank’s president at the time, Willem Duisenburg, suggested that, in the future, the bank could reduce rates further. The rate cut was made because European countries were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy? Be specific. What was the hoped-for result on C (aggregate consumption), I (planned investment), and Y (aggregate output (income))? Besides the drop in interest rates, what other factors might have influenced the level of investment spending during those years? Do you think the Federal Reserve achieved its goal? Explain. 5. For each of the following scenarios, tell a story and predict the effects on the equilibrium levels of aggregate output (Y) and the interest rate (r): a. During 2005, the Federal Reserve was tightening monetary policy in an attempt to slow the economy. Congress passed a substantial cut in the individual income tax at the same time. b. During the summer of 2003, Congress passed and President George W. Bush signed the third tax cut in 3 years. Many of the tax cuts took effect in 2005. Assume that the Fed holds Ms fixed. c. In 1993, the government raised taxes. At the same time, the Fed was pursuing an expansionary monetary policy. d. In 2005, conditions in Iraq led to a sharp drop in consumer confidence and a drop in consumption. Assume that the Fed holds the money supply constant. e. The Fed attempts to increase the money supply to stimulate the economy, but plants are operating at 65 percent of their capacities and businesses are pessimistic about the future. 6. State whether you agree or disagree with the following statements and explain why. a. When the real economy expands (Y rises), the demand for money expands. As a result, households hold more cash and the supply of money expands. b. Inflation, a rise in the price level, causes the demand for money to decline. Because inflation causes money to be worth less, households want to hold less of it. c. If the Fed buys bonds in the open market and at the same time we experience a recession, interest rates will no doubt rise. Illustrate the following situations using supply and demand curves for money: The Fed buys bonds in the open market during recession. During a period of rapid inflation, the Fed increases the reserve requirement. The Fed acts to hold interest rates constant during a period of high inflation. During a period of no growth in GDP and zero inflation, the Fed lowers the discount rate. During a period of rapid real growth of GDP, the Fed acts to increase the reserve requirement.
bio156 lab7 bio156 lab7 Question 1.List whether the student was positive or negative for each characteristic and include whether the characteristic is dominant or recessive. (6 points)a.Blood typeb.Widow's peakc.Free ear lobesd.Tongue rollinge.Hitchhiker's thumbf.Left thumb dominanceg.Little finger bendh.PTC tasteri.Mid-digit hairj.Facial dimplesk.Frecklesl.Cleft chin2.Can the student tell from blood type if the student is heterozygous or homozygous? Explain. (5 points)3.Select a trait of interest.A.What was the trait? (1 point)B.What is the phenotype for the trait, and is this the dominant or recessive allele for the trait? (2 points)C.What are the possible genotypes for the parents? (2 points)D.Include the results of one Punnett square, showing a possible combination between alleles for the trait from the parents by filling in the genotypes according to the numbers in the square, below. (Note: you do not need to submit the punnett square itself, only the results of the punnett square).1 23 5 64 7 8E.Based on the cross, what percent of children born to the parents would express the trait? (1 point)4.Create a Punnett square to determine the possibility of a couple having a color-blind child if the mother has the recessive trait on one X and the father is color-blind. HINT: Use Xb to indicate an X with the color-blindness trait. How many female offspring will be color-blind? How many male offspring? (5 points)5.What was the case number of the student's karyotype? What was the result of the student's karyotype? (Include the sex and the chromosomal disorder, if applicable. If there was no chromosomal disorder, the student must state that the individual was normal.) (5 points)6.Give an example of a situation in which it would be important to create a karyotype for an individual. Explain. (5 points)7.Genetically speaking, why is it important not to mate with a close relative? Explain. (5 points)8.Does a karyotype tell all of a person's genetic characteristics? Explain. (5 points)9.Why is a photograph of cells in metaphase utilized when constructing a karyotype? (5 points)10.What does it mean to be a carrier of a genetic defective characteristic? When might it be important to know if one is a carrier? (5 points)11.From the hemophilia procedure with a population of 120 individuals (n = 120): (4 points)A.What were the possible genotypes of the offspring?B.What is the probability of males having hemophilia out of the entire population?C.How many females would have hemophilia?D.How many carriers would there be?12.Explain why more males tend to suffer from X-linked disorders than females. (5 points)13.The student has a friend that knows the student is taking Biology, and she is confused about her blood type. Her blood type is O, but her dad is A and her mother is B. She asks the student if it is possible for her parents to have a child that is O. Explain the answer to her. (5 points)14. In a flower garden, the student has purple and white pansies. The student notices that a new pansy has sprouted. When it finally flowers, the pansy is lavender. Explain how this happened. (5 points)15.With a botanist friend's help, the student decide to cross the lavender pansy with the white pansy. Will this result in any purple pansies? Explain. (5 points)
Accounting – Wheel Industries Problem Accounting – Wheel Industries Problem Question Wheel Industries is considering a three-year expansion project, Project A. The project requires an initial investment of $1.5 million. The project will use the straight-line depreciation method. The project has no salvage value. It is estimated that the project will generate additional revenues of $1.2 million per year before tax and has additional annual costs of $600,000. The Marginal Tax rate is 35%. Required: Wheel has just paid a dividend of $2.50 per share. The dividends are expected to grow at a constant rate of six percent per year forever. If the stock is currently selling for $50 per share with a 10% flotation cost, what is the cost of new equity for the firm? What are the advantages and disadvantages of using this type of financing for the firm? The firm is considering using debt in its capital structure. If the market rate of 5% is appropriate for debt of this kind, what is the after tax cost of debt for the company? What are the advantages and disadvantages of using this type of financing for the firm? The firm has decided on a capital structure consisting of 30% debt and 70% new common stock. Calculate the WACC and explain how it is used in the capital budgeting process. Calculate the after tax cash flows for the project for each year. Explain the methods used in your calculations. If the discount rate were 6 percent calculate the NPV of the project. Is this an economically acceptable project to undertake? Why or why not? Now calculate the IRR for the project. Is this an acceptable project? Why or why not? Is there a conflict between your answer to part C? Explain why or why not? Wheel has two other possible investment opportunities, which are mutually exclusive, and independent of Investment A above. Both investments will cost $120,000 and have a life of 6 years. The after tax cash flows are expected to be the same over the six year life for both projects, and the probabilities for each year's after tax cash flow is given in the table below. Investment B Investment C ProbabilityAfter Tax Cash Flow ProbabilityAfter Tax Cash Flow 0.25$20,000 0.30$22,000 0.5032,000 0.5040,000 0.2540,000 0.2050,000 What is the expected value of each project’s annual after tax cash flow? Justify your answers and identify any conflicts between the IRR and the NPV and explain why these conflicts may occur. Assuming that the appropriate discount rate for projects of this risk level is 8%, what is the risk-adjusted NPV for each project? Which project, if either, should be selected? Justify your conclusions.
White Way Stores Inc. _Decision to operate retail store White Way Stores Inc. _Decision to operate retail store Question Top of Form On October 1, White Way Stores Inc. is considering leasing a building and purchasing the necessary equipment to operate a retail store. Alternatively, the company could use the funds to invest in $180,000 of 6% U.S. Treasury bonds that mature in 16 years. The bonds could be purchased at face value. The following data have been assembled: Required: 1. Prepare a differential analysis as of October 1, 2014, presenting the proposed operation of the store for the 16 years (Alternative 1) as compared with investing in U.S. Treasury bonds (Alternative 2). If an amount is zero, enter zero "0". Differential Analysis Operate Retail Store (Alt. 1) or Invest in Bonds (Alt. 2) October 1, 2014 Operate Retail Store (Alternative 1) Invest in Bonds (Alternative 2) Differential Effect on Income (Alternative 2) Revenues $ $ $ Costs: Costs to operate store Cost of equipment less residual value Income (Loss) $ $ $ 2. Based on the results disclosed by the differential analysis, should the proposal to operate the retail store be accepted? 3. If the proposal is accepted, what would be the total estimated income from operations of the store for the 16 years? $
Nixon & Ross, a law firm_Overhead allocation Nixon & Ross, a law firm_Overhead allocation Question Nixon & Ross, a law firm, is about to install a new accounting system that will allow the firm to track more of the overhead costs to individual cases. Overheads are currently allocated to individual client cases based on billable professional staff salaries. Attorneys working on client cases charge their time to "billable professional staff salaries." Attorney time spent in training, law firm administrative meetings, and the like is charged to an overhead account titled "unbilled staff salaries." The following is a summary of the costs for the current year: Billable professional staff salaries $ 4,000,000 Overhead 8,000,000 Total costs $12,000,000 The overhead costs were as follows: Secretarial costs $1,500,000 Staff benefits 2,750,000 Office rent 1,250,000 Telephone and mailing costs 1,500,000 Unbilled staff salaries 1,000,000 Total costs $8,000,000 Under the new accounting system, the firm will be able to trace secretarial costs, staff benefits, and telephone and mailing costs to specific clients. The following are the costs incurred on the Lawson Company case: Billable professional staff salaries $150,000 Secretarial costs 25,000 Staff benefits 13,500 Telephone and mailing costs 8,000 Total costs $196,500 a. Calculate the current year’s overhead application rate under the old cost accounting system. b. How would this application rate change if the secretarial costs, staff benefits, and telephone and mailing costs were reclassified as direct costs instead of overhead, and overhead was assigned based on direct costs (instead of staff salaries)? Direct costs are defined as billable staff salaries plus secretarial costs, staff benefits, and telephone and mailing costs. c. Use the overhead application rates from (a) and (b) to compute the cost of the Lawson case. d. Nixon & Ross bills clients 150 percent of the total costs of the job. What will be the total billings to the Lawson Co. if the old overhead application scheme is replaced with the new overhead scheme? e. Steve Nixon , managing partner, has commented that replacing the old allocation system with the direct charge method of the new accounting system will result in more accurate costing and pricing of cases. Evaluate the new system
ACC- Journal Entries Question ACC- Journal Entries Question Question During its first year of operations, Henley Company had credit sales of $3,000,000; $600,000 remained uncollected at year-end. The credit manager estimates that $35,000 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. Prepare the current assets section of the balance sheet for Henley Company. Assume that in addition to the receivables it has cash of $90,000, merchandise inventory of $130,000, and prepaid expenses of $7,500.
The following information is available for Galerite Corporation The following information is available for Galerite Corporation Question Proof of CashGraded Homework AssignmentThe following information is available for Galerite Corporation:The October bank statement for Galerite Corporation showed a beginning balance of$355,001.00, deposits of $835,846.00, payments of $684,747.00 and an endingbalance of $506,100.00.Deposits in transit were $86,899.00 at September 30 and $51,240.00 at October 31.The corporation is notified of regular bank service charges with the monthlystatements. Bank service charges as shown on the banks statements were $297.00at September 30 and $355.00 at October 31.Outstanding checks were $42,690.00 at September 30 and $73,340.00 at October31.Interest paid to Galerite Corporation by the bank on the checking account balanceamounted to $324.00 at September 30 and $377.00 at October 31.A check in the amount of $8,360.00 originally deposited on October 10 was returnedto Galerite Corporation by the bank due to insufficient funds in the customer’saccount. No entries were made on the books of Galerite Corporation to record thereturned deposit. The check was redeposited on October 19 and cleared the bank.Required:Using the above information, use the Four-Column Proof of Cash interactive. Beginwith the balances per the bank statement and end with the balances per the books.Note that the balance per books has not been given in this problem. You will need tocalculate these numbers and enter them to complete the problem.When you have completed the activity, submit a screen shot of the finished interactiv ethrough this assignment.
Law question data bank Law question data bank Question 769. MC #1 Which of the following potentially is a disadvantage of electing to file a Federal consolidated corporate income tax return? a. Recognition of losses from certain intercompany transactions is deferred. b. The taxation of intercompany dividends is not eliminated. c. The tax basis of investments in the stock of subsidiaries is unaffected by members contributing to consolidated taxable income. d. The § 1231 loss of one member is not offset against the § 1231 gain of another member of the group. 770. MC #2 Which of the following is not generally a disadvantage of filing Federal corporate income tax returns on a consolidated basis? a. Compliance costs usually are higher when a consolidation election is in effect. b. Realized losses from transactions between affiliates are not recognized immediately. c. Capital gains from one affiliate can be offset by the capital losses from another. This can reduce the tax liabilities of the group as a whole. d. The election generally is binding for future tax years. 771. MC #3 Which of the following potentially is a disadvantage of electing to file a Federal corporate income tax consolidated return? a. Additional administrative costs in complying with the election. b. Deferral of gains realized in transactions between group members. c. Increased basis in the stock of a subsidiary that generates annual taxable income. d. Dividends received deduction for payments from a subsidiary to the group’s parent. 772. MC #4 Which of the following is not a requirement that must be met before a group files a consolidated return? a. None of the corporations can be ineligible under the Code to file on a consolidated basis with the others. b. All of the corporations must be members of an affiliated group. c. None of the group members can use the LIFO method of accounting for inventories. d. The group members must share a common tax year end. 773. MC #5 Which of the following tax effects becomes more restrictive if an election is made to file a group’s Federal corporate income tax returns on a consolidated basis? a. Choice of members’ tax year ends. b. Use of the lower tax rate brackets. c. Use of the $40,000 AMT exemption. d. Choice of members’ tax accounting methods 774. MC #6 Members of a controlled group share all but which of the following tax attributes? a. The lower tax rates on the first $75,000 of taxable income. b. The tax accounting inventory method used by the members. c. The $40,000 AMT exemption. d. The floor on the accumulated earnings credit. 775. MC #7 Which of the following is eligible to file Federal income tax returns on a consolidated basis? a. U.S. corporation engaged in the oil and gas industry. b. Japanese corporation engaged in multinational operations, including two-thirds of its activities in the U.S. c. Japanese corporation engaged in multinational operations, including one-third of its activities in the U.S. d. Limited liability company operating exclusively in Texas. 776. MC #8 Which of the following is eligible to join in a Federal consolidated return? a. A sole proprietor with annual sales of more than $50 million. b. A U.S. corporation’s § 401(k) plan. c. A partnership organized in Germany. d. A corporation that operates in seven different U.S. states. 777. MC #9 The Rub, Sal, and Ton Corporations file Federal income tax returns on a consolidated basis. The group’s tax return currently is under audit. Under a valid tax-sharing agreement, each corporation is liable for one-third of the group’s consolidated tax liability. The affiliates have agreed with the auditor that the group’s unpaid liability for the year is $90,000. Because of an incorrect tax return position, another $3,000 in interest and a $1,800 penalty is attributable solely to Ton. At present, only Rub is solvent and has the cash with which to make such a tax payment. What is the maximum amount for which the government could be successful in forcing Rub to satisfy the outstanding liabilities of the consolidated group? a. $4,800. b. $90,000. c. $91,800. d. $93,000. e. $94,800. 778. MC #10 How must the IRS collect the liability for Federal taxes from among a consolidated group? a. Against the parent of the group. b. According to the members’ relative net asset holdings. c. According to the members’ current internal tax-sharing agreement. d. Against the member of the group that generated the tax. e. No particular order of collection is prescribed by IRS rules. 779. MC #11 How do the members of a consolidated group split among themselves the benefits of the lower tax brackets on the first $75,000 of taxable income? a. According to their relative net asset holdings. b. According to an internal tax-sharing agreement. c. According to an internal tax-sharing agreement, which may be modified by the IRS upon audit. d. According to a tax-sharing agreement that must be approved by the IRS by the end of the first quarter of the tax year. 780. MC #12 Conformity among the members of a consolidated group must be implemented for which of the following tax items? a. Use of foreign tax payments (i.e., as a credit or deduction). b. Tax accounting method (i.e., cash or accrual). c. Inventory accounting method (e.g., FIFO or LIFO). d. Election to claim the § 179 depreciation expensing amount. e. Tax year end. 781. MC #13 How are the members of a Federal consolidated group affected by computations related to E & P? a. E & P is computed solely on a consolidated basis. b. Each member keeps its own E & P account. c. Members’ E & P balances are frozen as long as the consolidation election is in place. d. Consolidated E & P is computed as the sum of the E & P balances of each of the group members. 782. MC #14 ParentCo acquired all of the stock of SubCo on January 1, 2011, for $1,000,000. The parties immediately elected to file consolidated income tax returns. SubCo generated taxable income of $150,000 for 2011 and paid a dividend of $100,000 to ParentCo. In 2012, SubCo generated an operating loss of $350,000, and in 2013 it produced taxable income of $75,000. As of the last day of 2013, what was ParentCo’s basis in the stock of SubCo? a. $1,000,000. b. $875,000. c. $775,000. d. $0. 783. MC #15 ParentCo purchased all of the stock of SubCo on January 1, 2011, for $500,000. SubCo produced a loss for 2011 of $150,000 and distributed cash of $25,000 to ParentCo. In 2012, SubCo generated a loss of $450,000; in 2013, it recognized net income of $45,000. What is ParentCo’s capital gain or loss if it sells all of its SubCo stock to a nongroup member on January 1, 2014, for $50,000? a. $10,000. b. $50,000. c. ($80,000). d. ($50,000). 784. MC #16 ParentCo owned 100% of SubCo for the entire year, and both companies use the accrual method of tax accounting. During the year, SubCo purchased $20,000 of supplies from ParentCo. In addition, SubCo provided internal audit services to ParentCo, which were worth $40,000. Including these transactions, ParentCo’s separate taxable income was $75,000, and SubCo’s separate taxable income was $100,000. What is the group’s consolidated taxable income for the year? a. $215,000. b. $195,000. c. $175,000. d. $155,000. 785. MC #17 ParentCo owned 100% of SubCo for the entire year. ParentCo uses the accrual method of tax accounting, whereas SubCo uses the cash method. During the year, SubCo sold raw materials to ParentCo for $35,000 under a contract that requires no payment to SubCo until the following year. Exclusive of this transaction, ParentCo had income for the year of $30,000, and SubCo had income of $50,000. The group’s consolidated taxable income for the year was: a. $165,000. b. $150,000. c. $115,000. d. $80,000. 786. MC #18 ParentCo and SubCo have filed consolidated returns since both entities were incorporated in 2011. Taxable income computations for the members include the following. Neither group member incurred any capital gain or loss transactions during these years, nor did they make any charitable contributions. ParentCo’s SubCo’s Taxable Consolidated Year Taxable Income Income Taxable Income 2011 $100,000 $ 35,000 $135,000 2012 $100,000 ($ 20,000) $ 80,000 2013 $100,000 ($109,000) ? 2014 $100,000 $190,000 ? The 2013 consolidated loss: a. must be carried forward before it can be carried back. b. must be carried forward, unless an election to forgo carryforward is made by the parent. c. must be carried back, unless an election to forgo the carryback is made by the parent. d. can be used only to offset SubCo’s future income. e. cannot be used to offset any of ParentCo’s 2011 income. 787. MC #19 The consolidated net operating loss of the Parent Group includes all of the following except: a. Parent’s operating income/loss. b. Parent’s passive activity income/loss. c. Parent’s charitable contributions. d. Subsidiary’s operating income/loss. 788. MC #20 The Harris consolidated group reports a net operating loss (NOL) for the year. The tax law works to: a. Keep the consolidated group from benefiting when the election to consolidate is motivated chiefly by tax reduction strategies. b. Disallow any carrybacks of NOL deductions. c. Allow unused charitable contributions a 20-year carryforward. d. All of the above statements describe effects of the consolidated return rules. 789. MC #21 ParentCo purchased 100% of SubCo’s stock on January 1, 2011, and the companies have filed consolidated returns since then. Taxable income computations for the members include the following. Neither group member incurred any capital gain or loss transactions during these years, nor did they make any charitable contributions. ParentCo’s SubCo’s Taxable Consolidated Year Taxable Income Income Taxable Income 2010 $100,000 $ 70,000 N/A 2011 $100,000 ($ 70,000) $30,000 2012 $ 12,000 ($ 20,000) ? 2013 $100,000 $200,000 ? The 2012 net operating loss: a. may be carried back to offset SubCo’s 2010 taxable income. b. may be carried forward only and applied against group income if so elected by ParentCo. c. cannot be carried back against 2010 SubCo income, as consolidated returns were not filed. d. either a or b, but not both. 790. MC #22 The Philstrom consolidated group reported the following taxable income amounts. Parent owns all of the stock of both Junior and Minor. Determine the net operating loss (NOL) that is apportioned to Junior. Parent ($600,000) Junior ($400,000) Minor $100,000 a. $0. All NOLs of a consolidated group are apportioned to the parent. b. $300,000. c. $360,000. d. $400,000. 791. MC #23 The Philstrom consolidated group reported the following taxable income amounts. Parent owns all of the stock of both Junior and Minor. Determine the net operating loss (NOL) that is apportioned to Minor. Parent ($600,000) Junior ($400,000) Minor $100,000 a. $0. Minor did not report an NOL of its own. b. $0. All NOLs of a consolidated group are apportioned to the parent. c. $100,000. d. $300,000.
Alladin Company purchased Machine #201 on May 1, 2010. The following information relating to Machine #201 was gat Alladin Company purchased Machine #201 on May 1, 2010. The following information relating to Machine #201 was gat Question Depreciation for Partial Period—SL, SYD, and DDB Alladin Company purchased Machine #201 on May 1, 2010. The following information relating to Machine #201 was gathered at the end of May.Price $85,000Credit terms 2/10, n/30Freight-in costs $ 800Preparation and installation costs $ 3,800Labor costs during regular production operations $10,500It was expected that the machine could be used for 10 years, after which the salvage value would be zero. Alladin intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,500. The invoice for Machine #201 was paid May 5, 2010. Alladin uses the calendar year as the basis for the preparation of financial statements.(a) Compute the depreciation expense for the years indicated using the following methods. (Round to the nearest dollar)(1) Straight-line method for 2010.(2) Sum-of-the-years’-digits method for 2011.(3) Double-declining-balance method for 2010.(b) Suppose Kate Crow, the president of Alladin, tells you that because the company is a new organization, she expects it will be several years before production and sales reach optimum levels. She asks you to recommend a depreciation method that will allocate less of the company’s depreciation expense to the early years and more to later years of the assets’ lives. What method would you recommend?
Paper on Wellness Programs Paper on Wellness Programs Question Healthy employees are more likely to be productive and actively engaged with the organization in producing quality work. Research the mental and physical health benefits that employees receive through engaging in wellness programs and the impact of employee wellness on strategic organizational goals. Research and respond to the following: 1300 words What is the psychological and physiological basis for wellness programs?What are some approaches to employer-sponsored wellness programs?What are the advantages and disadvantages to the employer?What are the advantages and disadvantages to the employee?How does a well-structured wellness program support organizational culture, strategic goals, and performance management?