Section 1
1- Humphrey Corp., a calendar year C corporation, realized taxable income of
$20,000 from its regular business operations for calendar year 2013. In addition,
Humphrey had the following capi
After Title, copy(verbatim) Requirement 1, then Conclusion 1, then Argument 1;
repeat for each Requirement.
o In Argument, support Conclusion with specific cite(s) from Standards
o
then other sources
1
Popes Garage had the following accounts and amounts in its financial statements on December 31,
2013. Assume that all balance sheet items reflect account balances at December 31, 2013, and that all
Address
City
List Price
# BR
Sq Ft
List Price
147 Griffith Hill
Greer
Way
$574,900
5
4400-4599
$20,000
239 Woodruf
Street
Woodruf
$39,900
3
1200-1399
$39,900
250 Woodruf
Street
Woodruf
$20,000
2
1000-
H 0 : 1=0
H A : 1 0
To compute the test statistic:
n2
38
= 0.876
=11.2
2
1r
10.8762
t=r
For = 0.05, t-crit is calculated as:
t crit ( 0.025, df =38 )=2.02
t calc=11.2> t crit =2.02
Therefore, we reje
The amount to be financed: 2400
APR of the first loan: 500%. This is given.
We need to calculate the APR of the second option to compare the two:
180
=0.075
2400
0.075365=27.375
27.375
=5.475
5
5.4751
Assets
Cash
Accounts receivable
Supplies
Merchandise inventory
Total Current Assets
Land
Equipment
Less:Accumulated depreciation
Total Assets
Liabilities
Accounts payable
Long-term debt
Total Liabilit
1) Solving via substitution:
x+ 3 y =48
2 x + 4 y=12
Solving via elimination:
x + 4 y=18
x+ 6 y=12
2) Three variables:
x+ yz=0
2 x +3 y + z=11
x y + z=6
Adding the first and third system together yiel
Individual Homework Chapters 2 & 3
(Due Date: 11:59 PM, October 4, 2016)
Note: You are required to submit this homework via Canvas on due date. While you can discuss
homework questions with your group
Group Mini-Case Study Chapters 2 & 3
(Due Date: 11:59 PM., September 29, Thursday)
Note: Each group turns in one copy of group mini-case study on Canvas. Please write down your
groups name and the nam