A female's reproductive cycle is just that, a cycle. It begins at puberty, menarche, and ends with the release of an ova from the last follicle.
Describe the female reproductive cycle, the hormones involved and what each one does. 175 – 200 words
Financing and Investing Activities
Spring 2020 – Final Exam
Questions 1 – 3 require you to provide certain information; write the answer in the space provided. Show all work on supporting documentation that is requiredto be submitted at the end of the exam.
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1. |
Prepare a schedule, using the template provided, computing net cash from operations for the year ended December 31, 2019 using BOTH the indirect and direct methods. The following selected information is available: |
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December 31 |
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2019 |
2018 |
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Accounts receivable |
1,750 |
1,300 |
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Inventory |
1,600 |
1,900 |
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Prepaid rent |
200 |
250 |
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Accounts payable |
1,200 |
900 |
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Wages payable |
100 |
200 |
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Accrued liabilities |
125 |
125 |
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Sales |
6,900 |
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Cost of goods sold |
4,700 |
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Rent expense |
300 |
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Wages expense |
450 |
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Depreciation expense |
30 |
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Interest expense |
150 |
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Income tax expense |
540 |
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Gain on sale of investment |
80 |
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Cash Flows from Operating Activities: |
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Net income Adjustments to reconcile net income to net cash flows: |
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Net cash flows from operating activities |
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Cash Flows from Operations: |
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Net cash flows from operations |
2. The ABC Corporation provided the following partial list of accounts, balances and activities for 2019:
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December 31, |
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2019 |
2018 |
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Investment in LT investments |
1,300 |
1,420 |
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Plant assets |
1,900 |
1,700 |
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Accumulated depreciation |
1,200 |
1,170 |
ABC’s income statement reported a $80 gain on sale of LT investments.
The company did not sell any plant assets, but $70 of common stock was issued in exchange for plant assets.
Depreciation expense for the year was $30.
Purchases of additional plant assets were cash transactions.
Required:
Prepare the investing activities section of the statement of cash flows in the template below:
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Cash Flows from Investing Activities: |
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Net cash flows from investing activities |
3. The XYZ Corporation provided the following partial list of accounts, balances and additional information for 2019:
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December 31, |
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2019 |
2018 |
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Bonds payable |
1,550 |
1,400 |
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Dividends payable |
400 |
450 |
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Common stock |
120 |
100 |
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APIC -CS |
1,780 |
1,600 |
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Retained earnings |
2,450 |
1,900 |
Net income for 2019 was reported as $810.
Required:
Prepare the financing activities section of the statement of cash flows in the template below:
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Cash Flows from Financing Activities: |
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Net cash flows from financing activities |
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What is the comparison and contrast between the film version and story version of “A Rose for Emily”?
Quantity(gallons per day) Total cost(dollars per day) 0 400100 703200 880300 1,008400 1,160500 1,410600 1,840
Petunia’s Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon. The relationship between the farm’s output and total costs is shown in the table above.
a) Draw Petunia’s average variable, average total, and marginal cost curves.
b) Use your graphs to find Petunia’s profit-maximizing output.
c) If Petunia maximizes her profit, how much profit does she make?
d) What is Petunia’s shutdown point? What is her economic profit at the shut-down point?
e) Should Petunia shut down? Will farms with costs the same as Petunia’s enter or exit the milk market? Explain.
Creating and editing charts in Excel involve 4 major elements: Chart Type, Chart Data,
Chart Options, and Chart Location. We will use a double-doughnut chart to compare the
periodical investment amount and the return across the three banks.
1. Select the cell range D10:E12, which covers the investments and their returns from
the three banks.
2. Select “Doughnut” as the chart type in the menu bar by clicking Insert ? Charts ?
Other Charts.
3. Go Chart Tools ? Design ? Chart Layouts. Select layout 6.
4. Right click the chart and select “Select Data” from the menu. In the “Horizontal
(Category) Axis Labels”, select A10:A12. Click “OK”. Now you can clearly see which
color represents what bank.
5. Right click the chart and select “Select Data” again. In the “Legend Entries (Series)”,
select “Series 1” and click “Edit”. Select D9 (Amount per period) as the Series name.
In a similar way, select E9 for “Series 2”. Click “OK”.
6. Right click on one of the circles; select “Format Data Labels”. Here you can customize
various properties of the chart. Check “Series Name” and “Value” and uncheck
“Percentage”.
? You may also change the chart font, color, label, and layout, etc. to suit your own
need.
7. You can move the chart to a separate chart sheet or another existing sheet. To do
this, right click on the chart and click on “move chart”. To create a chart sheet, check
“New Sheet” and type a title for it. You can also move the chart as an object to other
existing worksheets in the file.
You can change the chart type even after it is created by right clicking it. As an exercise,
try to create some other types of charts and think about the following questions:
? What are the most common types of chart you are likely to see in a business
environment?
? How do they differ from each other in terms of presenting and emphasizing
information?
? What business situation is each type most suitable for?
Attachments:
51. For purposes of taxation of capital gains:
a. Short-term capital gains are taxed at 5 percent.
b. Ordinary income tax rates are applied to gains on collectibles.
c. Gains on Section 1231 assets may be treated as long-term capital gains, while losses in some cases may be deducted as ordinary losses.
d. Under the provisions of Section 1245, any gain recognized on the disposition of a Section 1245 asset will be classified as a capital gain.
52. Martha has a net capital loss of $17,000 and other ordinary taxable income of $45,000 for the current year. What is the amount of Martha's capital loss carryforward?
a. $0
b. $10,000
c. $14,000
d. $17,000
e. None of the above
53. In 2014, Paul, a single taxpayer, has taxable income of $30,000 exclusive of capital gains and losses. Paul incurred a $1,000 short-term capital loss and a $5,000 long-term capital loss. What is the amount of his long-term capital loss carryover to 2015?
a. $0
b. $2,000
c. $3,000
d. $5,000
e. None of the above
54. For the 2014 tax year, Morgan had $25,000 of ordinary income. In addition, he had an $1,900 long-term capital loss and a $1,600 short-term capital loss. What will be the amount of Morgan's capital loss carryforward to 2015?
a. $0
b. $300
c. $500
d. $3,000
e. $3,500
55. Martha has a net capital loss of $20,000 and other ordinary taxable income of $48,000 for the current tax year. What is the amount of Martha's taxable income after deducting the allowed capital loss?
a. $28,000
b. $38,000
c. $42,000
d. $45,000
e. None of the above
56. In 2014, Marc, a single taxpayer, has ordinary income of $35,000. In addition, he has $3,000 in short-term capital gains, short-term capital losses of $6,000, and long-term capital gains of $4,000. What is Marc's adjusted gross income (AGI) for 2014?
a. $32,000
b. $39,000
c. $36,000
d. $34,000
57. Which of the following assets is not a Section 1231 asset?
a. Equipment used in a business
b. The unharvested crops of a farmer
c. Timber
d. Inventory
e. All of the above are Section 1231 assets
58. Which one of the following is true about Section 1231 assets?
a. Section 1231 assets are treated like capital assets when they produce losses on sale.
b. Business property held 1 year or less is considered a Section 1231 asset.
c. Section 1231 assets include company stock.
d. Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined.
e. All of the above are false.
59. On December 31, 2014, Henry, a sole proprietor, sold for $70,000 a machine that was used in his business. The machine had been purchased in a few years ago for $50,000, and when it was sold, it had accumulated depreciation of $15,000 and an adjusted basis of $35,000. For the year 2014, how should this gain be treated?
a. Ordinary income of $35,000
b. Section 1231 gain of $35,000
c. Section 1231 gain of $20,000 and ordinary income of $15,000
d. Section 1231 gain of $15,000 and ordinary income of $20,000
e. None of the above
60. Ben purchased an apartment building about 10 years ago, for $200,000. The building has been depreciated over the appropriate recovery period using the straight-line method. On December 31, 2014, the building was sold for $220,000, when the accumulated depreciation was $62,500. Ben is in the highest tax bracket; on his 2014 tax return, he should report:
a. Section 1231 gain of $20,000 and ordinary income of $62,500
b. Section 1231 gain of $62,500 and ordinary income of $20,000
c. Ordinary income of $82,500
d. Section 1231 gain of $20,000 and “unrecaptured depreciation” taxed at 25 percent of $62,500
e. None of the above
explain the problems which complicate the major concern of the fundamental unity of india with the refrence of the book fundamental unity of india?
Decision on Accepting Additional Business Talladega Tire and Rubber Company has capacity to produce179,000 tires. Talladega presently produces and sells 137,000 tiresfor the North American market at a price of $95 per tire. Talladegais evaluating a special order from a European automobile company,Autobahn Motors. Autobahn is offering to buy 21,000 tires for$78.85 per tire. Talladega’s accounting system indicates that thetotal cost per tire is as follows: Talladega pays a selling commission equal to 5% oof the sellingprice on North American orders, which is included in the variableportion of the selling and administrative expenses. However, thisspecial order would not have a sales commission. If the order wasaccepted, the tires would be shipped overseas for an additionalshipping cost of $5 per tire. In addition, Autobahn has made theorder conditional on receiving European safety certification.Talladega estimates that this certification would cost$105,000. a. Prepare a differential analysis dated July31 on whether to reject (Alternative 1) or accept (Alternative 2)the special order from Autobahn Motors. If an amount is zero, enterzero “0”. If required, round interim calculations to two decimalplaces. Determine whether to reject (Alternative 1) or accept(Alternative 2) the special order from Autobahn Motors. (accept thespecial order or reject the order)
_________ b. What is the minimum price per unit thatwould be financially acceptable to Talladega? Round your answer totwo decimal places.
$____per unit . . .
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Lab2a-Investm….xlsx
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