John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303. The company’s S corporation election was made on January 15, 2008. The following information was taken from the income statement for 2014.
Interest income $ 100,000
Gross sales receipts 2,410,000
Beginning inventory 9,607
Direct labor (203,102)
Direct materials purchased (278,143)
Direct other costs (249,356)
Ending inventory 3,467
Salaries and wages (442,103)
Officers’ salaries (150,000)
Repairs (206,106)
Depreciation expense (15,254)
Interest expense (35,222)
Rent expense (operating) (40,000)
Taxes (65,101)
Charitable contributions (cash) (20,000)
Advertising expenses (20,000)
Payroll penalties (15,000)
Other deductions (59,899)
Book income 704,574
A comparative balance sheet appears below.
January 1, 2012 December 31, 2012
Cash $ 47,840 $ ?
Accounts receivable 93,100 123,104
Inventories 9,607 3,467
Prepaid expenses 8,333 17,582
Building and equipment 138,203 185,348
Accumulated depreciation (84,235) (?)
Land 2,000 2,000
Total assets $214,848 $844,422
Accounts payable $ 42,500 $ 72,300
Notes payable (less than 1 year) 4,500 2,100
Notes payable (more than 1 year) 26,700 24,300
Capital stock 30,000 30,000
Retained earnings 111,148 ?
Total liabilities and capital $214,848 $844,422
Premium’s accounting firm provides the following additional information.
Distributions to shareholders $100,000
Beginnning balance, Accumulated adjustments account $111,148
Using the preceding information, prepare a complete Form 1120S and Schedule K-1s for John Parsons and George Smith, 5607 20th Street, Cut and Shoot, TX 77303. If any in- formation is missing, make realistic assumptions.
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John Jetison Believes He Would Need 500 000 To Retire Today And Keep His Same Li
/in Uncategorized /by developerJohn Jetison believes he would need $500,000 to retire today and keep his same lifestyle. If Jetison estimates he will retire in 20 years, how much should he put away each month to have the equivalent of $500,000 in 20 years if the interest he can earn is 5%? If the interest rate changes to 3%, what will Jetison need to save each month? Picture cash flows on a timeline and present it when providing your answer. Think about your own retirement; what would the timeline look like? In what ways could you better prepare for retirement?
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John Likes To Play Futsal Football 5×5
/in Uncategorized /by developerJohn likes to play futsal (football 5×5). The number of times per year that he plays depends on both the price of playing an hour of futsal as well as John’s income and the cost of alternative types of entertainment and, in particular, how much it costs to go see a movie instead of playing futsal. The three demand schedules in the table below show how many games of futsal per year John will demand at each price under three different scenarios. In scenario D1, John’s income is €50,000 per year and movies cost €9 each. In scenario D2, John’s income is also €50,000 per year, but the price of seeing a movie ticket rises to €11. And in scenario D3, John’s income goes up to €70,000 per year while movies cost €11.
Using the data under D1 and D2, calculate the cross elasticity of John’s demand for futsal at all three prices. Is the cross elasticity the same at all three prices? Are movies and futsal substitute goods, complementary goods, or independent goods?
Using the data under D2 and D3, calculate the income elasticity of John’s demand for futsal at all three prices. Is the income elasticity the same at all three prices? Is futsal an inferior good?
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John Likes To Play The Instant Lottery He Likes A Particular Game That Claims To
/in Uncategorized /by developerJohn likes to play the instant lottery. He likes a particular game that claims to have a probability of a winning ticket to be 11%. Suppose he obtains six lottery tickets independently. What is the probability that he will win on AT LEAST one of those tickets?
(Show your work)
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John Moore A 22year Old Patient Who Weighs 150 Pounds Presents To The Emergency
/in Uncategorized /by developerNeed breif answers for these questions, much appreciated.
2. John Moore, a 22—year-old patient who weighs 150 pounds, presents to the emergency deparbnent (ED) after being thrown front his horse and passing out for a few minutes; heregained consciousness. The friend who was also riding a horse called the squad. The patient presented with a Glasgow IComa Scale {GCS} of 15, and the neurologic ezam waswithin normal limits ML). The EU physician wrote the orders for a CT scan without contrast of the head, CBC, renal and metabolic profile, PT, PTT, and Hill. The nurse sentthe labs and had the Pit of NS at keep-open rate per ED protocol hanging. The nurse was awaiting radiology to call for the patient to go for the ET when the patient had anepileptic cry, became unconscious, stiffened his entire body, and then had violent muscle contractions. The resp irations are very shallow, and the lips and nail bed became blue. The patient lost control of bladder and bowel. The patient bit his tongue and blood iscoming from the mouth. The radiology deparunent calls and is ready for the patient. {Learning Objectives Tr’ and 3] a. List in the correct order the actions that should be taken by the nurse. b. Ezplain what type of seizure the patient is having, and describe the fl’ll’EE phasesof the patient’s seizure and the specific nursing care for each stage. c. The ED physician orders the following: 1i.laliurn {diazepanr} 1E] mg every ill to 15minutes PEN for seizures (maximum dose of St] mg}. Once seizures stop, adrninister Dilantin (phenytoin) ll] nigflrg WPE. ECG monitoring continuously,vital signs, GCS, neurologic checlrs every 3t] minutes. Ezplain what medications the nurse should provide, in what order, and how they should be administered.
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John Nash And His Buddy Return To The Bar In Which A Few Weeks Ago They Failed T
/in Uncategorized /by developerJohn Nash and his buddy return to the bar in which a few weeks ago they failed to secure either a blonde or a brunette. This week they have a new plan. First, John will choose a girl to approach. Then, afterobserving the girl that John approaches, his buddy will choose a girl to approach (he can approach the same girl that John has approached or either of the other ones). There are still 3 girls: one blonde (B) and two brunettes (b1, b2) in the bar. Both John and his friend still prefer blondes to brunettes. They will be successful in approaching any girl, unless she is approached by both of them, in which case they leave the bar with nothing. Represent this situation as an extensive form game. *Which of the following is a Nash equilibrium of the game, but not a subgame perfect equilibrium? For the strategy of John’s friend, let the items in his strategy vector (.,.,.) represent his choices following John’s choosing B, b1 and b2 respectively(a) b1, (b2,B,B)(b) b1, (B,B,B)(c) b1, (b1,B,b2)(d) None of the above. *Which of the following is a Subgame Perfect equilibrium of the game?(a) B, (b1, b1, b1)(b) B, (b1, b2, B)(c) B, (b1,B ,B)(d) None of the above.
John Nash and his buddy return to the bar in which a few weeks ago they failed to secure eithera blonde or a brunette. This week they have a new plan. First, John will choose a girl toapproach….
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John One Of The Owners Of Mi Casa Front Porch Restaurant Has Been Working With T
/in Uncategorized /by developerJohn, one of the owners of Mi Casa Front Porch Restaurant has been working with the Chef, Maria to potentially add a new item to the menu. He sampled 50 of his regular customers and asks them if they would like the new item on the menu, 37 said yes and 13 said no. Determine the sample proportions of customers that would like the new item on the menu and determine the standard error of the proportion. How would this standard error influence John’s decision?
Answer the questions below in essay format. Your essay must include an introduction, a body, and a conclusion, and it must address all relevant parts of each question. Your response should be a minimum of 150 words in length and include both the appropriate statistics and support for the analysis and interpretation. Make sure to cite any source you use. Proper citation format for a source includes the name of the author(s), the title of the work, the date of the publication, and the page number if you directly quote the source.
Using the scenario above, identify the standard error of the proportion and determine the impact of the error on potential decision making by Mi Casa Front Porch Restaurant leaders.
What should the company do based on the information calculated?
John, one of the owners of Mi Casa Front Porch Restaurant has been working with the Chef,Maria to potentially add a new item to the menu. He sampled 50 of his regular customers andasks them if…
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John Owns A Portfolio Of Rental Properties With His Parterns He Wants To Develop
/in Uncategorized /by developerJohn owns a portfolio of rental properties with his parterns. He wants to develop a database to store property information as well rental data. Below are some of the data that need to be kept track of.
A. For each property, the database needs to store property address, size, number of rooms and bathrooms, and purchase date.
B. There are two types of properties – single family house and condo. Need to store yard size for single family house and monthly HOA(Home Owner Association) fee for condo.
C. For current and potential customers, need to store customer name, current address, family size, and contact phone number.
D. A customer needs to submit an application to rent a property. Need to track application submission date, potential start date, application result and explanation.
E. Once approved, a lease will be signed and need to track start date, end date, sign date, montly rent, and deposit amount.
F. Need to track montly payment information including payment amount, pay date, and payment method.
G. A customer can set up different payment methods. Each method includes financial institute name, address, and account number. There are two types of methods – credit card and check. For credit card, need to store expiration date and security code. For check, need to store bank routing number.
Please complete the following tasks to design the database to meet requirements specified. State any relevant assumptions you make, but do not add any additional data requirement unless it is really necessary.
I. Identify entities and attributes. List entity name and attribute names for each entity.
II. Identify relationships among entities. List relationship type in terms of cardinality and specify business rules (e.g. 1:M between Library and Branch: a library has many branches; a branch belongs to one and only one library).
III. For each entity, identify primary key and foreign key if applicable. If you use surrogate key for PK, also specify business unique key (natural key). For FK, also specify parent entity and the matching attribute in parent entity.
IV. Create ERD using crow’s foot notation using ER Assistant or Visio. The ERD should incorporate all items mentioned in I, II, and III (NOTE: I, II, and III still need to be answered separately in narrative format).
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John Owns Two Lots And Boulder Colorado These Lots Have A Beautiful View And Are
/in Uncategorized /by developerJohn owns two lots and Boulder, Colorado. These lots have a beautiful view and are undeveloped. Neighboring landowner, Mary, sometimes uses a part of the lot when she has outdoor parties for her guests. When this happens she tends to use part of John’s property on the nearest lot. This goes on for about 20 years. The parties are the only time Mary uses the lot. During the first year of use, Mary asked John if she could use a small part of the property for a guest party, and John said that would be fine, but to remove all tables, etc, after it was over. Mary did not get permission for the next 19 years.
John decides to build houses on his two lots, but Mary files an action claiming that she is entitled to the part of the lot she used under the doctrine of “adverse possession.” Who wins, John or Mary, and explain in detail why?
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John Parsons 123 45 6781 And George Smith 123 45 6782 Are 70 And 30 Owners Respe
/in Uncategorized /by developerJohn Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303. The company’s S corporation election was made on January 15, 2008. The following information was taken from the income statement for 2014.
Interest income $ 100,000
Gross sales receipts 2,410,000
Beginning inventory 9,607
Direct labor (203,102)
Direct materials purchased (278,143)
Direct other costs (249,356)
Ending inventory 3,467
Salaries and wages (442,103)
Officers’ salaries (150,000)
Repairs (206,106)
Depreciation expense (15,254)
Interest expense (35,222)
Rent expense (operating) (40,000)
Taxes (65,101)
Charitable contributions (cash) (20,000)
Advertising expenses (20,000)
Payroll penalties (15,000)
Other deductions (59,899)
Book income 704,574
A comparative balance sheet appears below.
January 1, 2012 December 31, 2012
Cash $ 47,840 $ ?
Accounts receivable 93,100 123,104
Inventories 9,607 3,467
Prepaid expenses 8,333 17,582
Building and equipment 138,203 185,348
Accumulated depreciation (84,235) (?)
Land 2,000 2,000
Total assets $214,848 $844,422
Accounts payable $ 42,500 $ 72,300
Notes payable (less than 1 year) 4,500 2,100
Notes payable (more than 1 year) 26,700 24,300
Capital stock 30,000 30,000
Retained earnings 111,148 ?
Total liabilities and capital $214,848 $844,422
Premium’s accounting firm provides the following additional information.
Distributions to shareholders $100,000
Beginnning balance, Accumulated adjustments account $111,148
Using the preceding information, prepare a complete Form 1120S and Schedule K-1s for John Parsons and George Smith, 5607 20th Street, Cut and Shoot, TX 77303. If any in- formation is missing, make realistic assumptions.
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John Parsons 123456781 And George Smith 12345 6782 Are 70 And 30 Owners Respecti
/in Uncategorized /by developerJohn Parsons (12345—6781) and George Smith (12345-6782) are 70% and 30% owners, respectively, of Premium, Inc. (ll-1111111), a candy company located
John Parsons (12345—6781) and George Smith (12345-6782) are 70% and 30% owners, respectively, of Premium, Inc.They have limited liability which extends only to their contribution to the company….
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