hal attended school much of 2013 during which time he was supported by his parents hal married ruth/
a. Compute Hal and Ruth’s gross tax if they file a joint return.
a. Compute Hal and Ruth’s gross tax if they file a joint return.
Spartan markets its products in Canada and England through branches in Toronto and London, respectively. Title transfers in the United States on all sales to U.S. customers and abroad (FOB: destination) on all sales to Canadian and English customers. Spartan reported total gross income on U.S. sales of $15,000,000 and total gross income on Canadian and U.K. sales of $5,000,000, split equally between the two countries. Spartan paid Canadian income taxes of $600,000 on its branch profits in Canada and U.K. income taxes of $700,000 on its branch profits in the U.K. Spartan financed its Canadian operations through a $10 million capital contribution, which Spartan financed through a loan from Bank of America. During the current year, Spartan paid $600,000 in interest on the loan.
8 discussion questions for a total minimum of 960 word count. This is due today by 7:30 PM.
Microeconomics Discussion Questions Week 1
Please answer each of the following 8 questions in a minimum of 120 word count. Use in text citations and provide references. Thank you.
1. To refresh on the subject of Economics, what is your understanding of the science of Economics? Distinguish Microeconomics from Macroeconomics? What role does Microeconomics play in your personal and organizational decisions?
2. What is your understanding of marginal analysis and opportunity cost? Please give some examples and explain their relevance to economic reasoning.
Resource:
Colander, D. C. (2013). Microeconomics Chapter 1: Economics and Economic Reasoning, Economics (9th ed.). New York, NY: McGraw-Hill/Irwin
3. What is your understanding of laissez-faire? What are some of the arguments that underly the general laissez-faire precept?
4. Explain the concept of globalization. What are the benefits and costs of globalization?
Resource:
Colander, D. C. (2013). Microeconomics Chapter 2: The Production Possibility Model, Trade, and Globalization, Economics (9th ed.). New York, NY: McGraw-Hill/Irwin
5. Define market economy. Compare and contrast socialism with capitalism.
6. What are the qualities of an entrepreneur? Why is entrepreneurship an important part of business?
Resource:
Colander, D. C. (2013). Microeconomics Chapter 3: Economic Institutions, Economics (9th ed.). New York, NY: McGraw-Hill/Irwin
7. What is the law of Demand? Cite some examples. Distinguish some of the shifts in Demand from movements along the Demand curve?
8. What is the law of Supply? Cite some examples. Sinusitises some of the shifts in Supply from the movements along the Supply curve?
Resource:
Colander, D. C. (2013). Microeconomics Chapter 4: Supply and Demand, Economics (9th ed.). New York, NY: McGraw-Hill/Irwin
Argumentive essay
1500 words
About : is smoking still a problem among Adolescence ?
The partnership has $60,000 of liabilities when Suzanne retires. The partnership will pay Suzanne cash of $130,000 to retire her partnership interest.
a. What are the amount and character of the gain or loss Suzanne must recognize?
b. What is the impact of the retirement on the partnership and the remaining partners?
Troyer enters into the following long-term investment transactions during year 2015.
Jan. 13 Sold 2,125 shares of Company S stock for $72,250 less a brokerage fee of $1,195.
Mar. 24 Purchased 15,500 shares of Company U common stock for $282,875 plus a brokerage fee of $1,980. The shares represent a 62% ownership interest in Company U.
Apr. 5 Purchased 42,500 shares of Company V common stock for $133,875 plus a brokerage fee of $1,125. The shares represent a 10% ownership in Company V.
Sept. 2 Sold 11,000 shares of Company T common stock for $156,750 less a brokerage fee of $2,700.
Sept. 27 Purchased 2,500 shares of Company W common stock for $50,500 plus a brokerage fee of $1,050. The shares represent a 25% ownership interest in Company W.
Oct. 30 Purchased 5,000 shares of Company X common stock for $48,750 plus a brokerage fee of $1,170. The shares represent a 13% ownership interest in Company X.
The fair values of its investments at December 31, 2015, are: R, $568,125; S, $210,375; U, $272,800; V, $134,938; W, $54,689; and X, $45,625.
Required
1. Determine the amount Troyer should report on its December 31, 2015, balance sheet for its long-term investments in available-for-sale securities.
2. Prepare any necessary December 31, 2015, adjusting entry to record the fair value adjustment of the long-term investments in available-for-sale securities.
3. What amount of gains or losses on transactions relating to long-term investments in available-for-sale securities should Troyer report on its December 31, 2015, income statement?
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