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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
Assign 1
You are having a lunch meeting with a loyal and very good customer. Over lunch you happen to mention that your application to an exclusive golf club was denied for the second time. Your customer responds, "Hey, why didn't you tell me? My family has been members there for 40 years, let me make a phone call, I'm sure we can get it worked out." Which of the following statements should represent your primary concern about this situation?Looking forward to next year, if Digby's current cash balance is $19,743 (000) and cash flows from operations next period are unchanged from this period and Digby takes ONLY the following actions relating to cash flows from investing and financing activities:Issues 100 (000) shares of stock at the current stock priceIssues $200 (000) of long-term debtPays $40 (000) in dividendsWhich of the following activities will expose Digby to the most risk of needing an emergency loan?Select: 1 Sells $5,000 (000) of their Long-term assets Retires $20,000 (000) in long-term debt Purchases assets at a cost of $15,000 (000) Liquidates the entire inventoA productivity index of 110% means that a company's labor costs would have been 10% higher if it had not made production improvements. Assume that Baldwin had a productivity index of 112% and that Chester had a productivity index of 103%. Now refer to the Income Statements in the Annual Report for Baldwin and Chester. Using the labor costs shown in the Income Statements, how much more did Baldwin save in direct labor costs compared to Chester by having a higher productivity index?Investing $1,500,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (Refer to the TQM Initiative worksheet in the CompXM Decisions menu.) Looking at the Round 0 Inquirer for Andrews, last year's sales were $163,405,682. Assuming similar sales next year, the 1.7% increase in demand will provide $2,777,897 of additional revenue. With the overall contribution margin of 34.1%, after direct costs this revenue will add $947,263 to the bottom line. For simplicity, assume that the demand increase and margins will remain at last year's levels. How long will it take to achieve payback on the initial $1,500,000 TQM investment, rounded to the nearest month?Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances?City's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the City product manager do in order to improve upon the buying criteria, and thus potentially increase demand?Which description best fits Andrews? For clarity:- A differentiator competes through good designs, high awareness, and easy accessibility.- A cost leader competes on price by reducing costs and passing the savings to customers.- A broad player competes in all parts of the market.- A niche player competes in selected parts of the market.Which of these four statements best describes your company's current strategy?Select: 1Deal is a product of the Digby company. Digby's sales forecast for Deal is 505 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Deal's Production After Adjustment have to be in order to have a 10% reserve of units available for sale?City is a product of the Chester company which is primarily in the Nano segment, but is also sold in another segment. Chester starts to create their sales forecast by assuming all policies (R&D, Marketing, and Production) for all competitors are equal this year over last. For this question assume that all 699 of units of City are sold in the Nano segment. If the competitive environment remains unchanged what will be the City product's demand next year (in 000's)?In order to sell a product at a profit the product must be priced higher than the total of what it costs you to build the unit, plus period expenses, and plus overhead.At the end of last year the broad cost leader Chester had an Elite product Cozy. Use the Inquirer's Production Analysis to find Cozy's production cost, (labor+materials). Exclude possible inventory carrying costs. Assume period expenses and overhead total 1/2 of their production cost. What is the minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead?You are a member of a newly formed team that has been tasked with designing a new product. None of the team's members have worked together previously and thus confidence is low. Which of the following tactics would be most effective in promoting the team's confidence in its capability to function successfully?Select: 1Your team is working hard to develop a strategy to serve a new client. Which of the following actions is most important to ensuring an effective strategy is chosen?Select: 1 Ask the team member with the most industry-related experience to lead the process. Suggest that each proposed strategy be evaluated against a set of key objectives. Invite the client into a meeting to shape the strategy. Conduct a benchmarking survey of similar clients to determine best strategy.You were recently hired by the Andrews CEO as a consultant to evaluate the performance of the Chief Financial Officer (CFO). As part of that process, you interview the CFO's direct reports (employees). Although they indicate that the CFO is technically competent, one individual told you stories about the CFO's verbal abuse with employees. Given this information, what would be the most effective next step in the process?Select: 1 Tell the CEO about what you have uncovered and ask for her permission to speak about it with the CFO. Inform the human resources department that there is a potential problem. Collect more information about the extent to which this reported behavior is impacting others. Focus on the CFO's work performance since his personal behavior is inappropriate in the workplace.I need you to get me answers to all of these questions
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Assign 2
Part I
For Part I (due in Week 3), you are asked to use the introductory sentence about the taxpayer and complete paragraph items 12, 13, 14, 16, and 17. You will also need to read the requirements and note that the taxpayer is not making a contribution to the Presidential Campaign Fund.
Determine the forms to be completed. The forms are also located in Appendix B of the e-book. Once completed, save your form(s) with the format "Your Last Name-formname.pdf" (e.g., Smith-f2106.pdf). Submit your assignment to the Week 3 Course Project Dropbox.
Note:Â Optional tax software: Please note that DeVry does not provide tax software to complete the project. Using software to complete the project is optional, not required. The forms are provided in Course Resources for your use. The forms are also located in Appendix B of the e-book. Students who desire to use the software to complete the project have the following options.
H&R Block At Home: The software is included with the purchase of the hard copy of the textbook. You may use the software disk provided and follow the installation instructions. You may review the student companion website or contact the publisher's customer service to obtain information regarding the purchase of the H&R Block At Home software online. If purchased and used to complete your project assignment, you will need to submit the file created by the software.
Turbo Tax: If you purchased Turbo Tax and completed your assignment as a Turbo Tax file, you will need to submit your assignment as a PDF file before submitting it to your instructor.
Appendix E Practice Set Assignments—Comprehensive Tax Return ProblemsPROBLEM 1
John R. and Anne L. Miller are married and live at 13071 Sterling Drive, Aitkin, MN 56431. John is a self-employed insurance claims adjuster (business activity code 524290), and Anne is the dietitian for the local school district. They choose to file a joint tax return each year.
Office rent |
$11,600 |
Utilities (includes telephone and fax) |
4,300 |
Replacement of waiting room furniture on April 22 |
3,600 |
Renters' insurance (covers personal liability, casualty, theft) |
1,400 |
Office expense (supplies, postage) |
740 |
New Toshiba copier on February |
7 300 |
Waiting room coffee service (catered) |
280 |
Waiting room magazine subscriptions |
90 |
Gasoline |
$3,500 |
Auto insurance |
1,700 |
Interest on car loan |
820 |
Auto club dues |
325 |
Oil changes and lubrication |
210 |
License and registration |
190 |
Contribution to H.R. 10 (Keogh) retirement plan |
$8,000 |
Premiums on medical insurance covering self and family (spouse and children) |
4,600 |
Premiums on disability insurance policy (pays for loss of income in the event John is disabled and cannot work) |
2,400 |
State and local occupation fee |
450 |
Birthday gift for receptionist ($25 box of Godiva chocolates plus $3 for gift wrap) |
28 |
Contribution to traditional IRA |
$5,500 |
Job hunting expense |
720 |
Continuing education program |
350 |
Membership dues to the National Association of Dietitians |
120 |
Subscription to Nutrition Today |
90 |
Payments to John for services rendered (as reported on Forms 1099-MISC issued by several payor insurance companies) pursuant to contractual arrangement |
$82,000 |
Income tax refunds for tax year 2013: |
 |
   Federal |
210 |
   State of Minnesota |
90 |
Interest income (reported on separate Forms 1099-INT): |
 |
   State of Minnesota general-purpose bonds |
1,400 |
   General Electric corporate bonds |
1,100 |
   Certificate of deposit at Aitkin National Bank |
900 |
Qualified dividends (Duke Energy, reported on Form 1099-DIV) |
1,200 |
Proceeds from garage sale (see item 14 below) |
9,200 |
Cash gifts from John's parents |
24,000 |
John's net state lottery losses ($1,000 of winnings reported on Form W2-G; $2,300 of losses) |
(1,300) |
Medical: |
|
   Copayment portion of medical expenses |
$1,300 |
   Dental (orthodontist) |
1,200 |
Taxes: |
|
   State income tax (see item 17 below) |
3,456 |
   State sales taxes |
1,120 |
   Property taxes on personal residence |
3,800 |
Interest on home mortgage reported on Form 1098 |
4,200 |
Charitable contributions |
3,600 |
Requirements
Prepare an income tax return (with all appropriate forms and schedules) for the Millers for 2014 following these guidelines: