APA Format

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1) Submit a paper (1,250-1,500 words) focusing on public health reform. Provide an overview of the current status of public health in the United States.
2) Review a portion of the Affordable Care Act and present the strengths and weaknesses of the plan, as well as make suggestions for plan improvement.
3) Prepare this assignment according to the APA guidelines found in the APA Style Guide.

Java

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Create your own simple Java application that uses the String class and/or the StringBuffer class and at least 4 of the class methods. Show the code, demonstrate it works properly and describe what it is doing

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Comprehensive Problem 16-54:

Parent Corporation purchased 75 percent of Subsidiary Corporation seven years ago; Subsidiary’s current balance sheet shows the following figures:

Basis Value
Demand Deposit $20,000 $20,000
IBM Stock $30,000 $50,000
Parking Lot $5,000 $30,000
Building 0 $100,000
Mortgage ($15,000) ($15,000)

Subsidiary has a net operating loss carryover of $7,000 and earnings and profits of $22,000.

Subsidiary redeems Roy Ramblers 25 percent stock interest in exchange for the IBM stock. Subsidiary then adopts a plan of complete liquidation and distributes its assets to Parent in complete liquidation.
a. What is the tax result to Roy?
b. Does subsidiary recognize any gain on the redemption or the liquidation?
c. What are Parent’s bases for the assets received?
d. What happens to Subsidiary’s NOL and E&P?
Comprehensive Problem 16-55:
Mini-Skits Ltd., owned by one shareholder, owns one asset, a building worth $100,000 with a zero basis. The shareholder’s stock basis is $20,000. A plan of complete liquidation is adopted. What are the tax consequences to both parties in each of the following cases?
a. The building is deeded to the shareholder, Bill Jones, who is taxed under Code Sec. 331.
b. The building is sold for an installment note that is distributed to Bill.
c. Mini-Skirts Ltd. Sells the building and presents a cashier’s check for $100,000 to Bill.
d. The building is deeded to the shareholder, Bill Inc., in a Code Sec. 332 liquidation.

Label the following transactions:
a. A Nevada corporation formed a corporation in Florida and transferred all assets to it for 100 percent of its stock. It then distributed the stock to its shareholders in cancellation of their Nevada corporation stock and was dissolved.
b. ABC Corp. acquired all the stock of MNO Corp. for its convertible bonds. All MNO assets were transferred to ABC, whereupon MNO was dissolved.
c. A corporation issues $30,000 worth of its own voting stock to retire some of its outstanding bonds with a principle amount of $40,000.
d. Convertible preferred stock is converted into common stock of the issuing corporation.
e. A corporation incorporates a division and distributes the shares received pro rata to its shareholders.
f. A corporation distributes preferred stock for each 10 shares of common stock outstanding.

An S corporation has the following information:
Sales 100,000
Dividend income 1,500
Tax-exempt interest 2500
Long-term capital gain 4,000
Short-term capital gain 1,800
Cost of goods sold 50,000
Advertising expense 3,000
Charitable contributions 1,000
Interest expense 2,000
Salary expense 25,000
Other operating expenses 8,000
Compute the S corporation taxable income for the year.

Grounded Air Flight Company had E&P of $50,000 when it distributed land held as an investment with a basis of $10,000, a value of $50,000, but subject to a liability of $30,000 to an individual shareholder. After the distribution, E&P equals:
$50,000
$70,000
$30,000
$60,000

Multiple Choice Answers

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Question 1
Vicky is a shareholder in Web Services, Inc. Vicky could typically exercise appraisal rights if Web was involved in
a consolidation only.
a merger only.
a consolidation or a merger.
neither a consolidation nor a merger.
0.5 points
Question 2
A transaction in which two corporations combine such that afterwards only one of them still exists and owns all the assets previously owned by either corporation is best called a:
Merger.
Consolidation.
Purchase of assets.
Share exchange.
0.5 points
Question 3
Even an employee at-will can sue for wrongful discharge when he or she:
a.
Is discharged in violation of Title VII of the Civil Rights Act.
b.
Is discharged in violation of the Public Policy doctrine.
c.
Is negligently discharged by the employer.
d.
All of the above.
0.5 points
Question 4
X Business Corporation markets its products in three states. Under the Constitution’s commerce clause, Congress can regulate
any and all commercial activity in the United States.
only commercial activities that are in interstate commerce.
only commercial activities that are local.
only activities that have nothing to do with commerce.
0.5 points
Question 5
Which of the following is not a correct statement concerning the reasons sufficient to give a court power to dissolve a partnership?
A partnership may be dissolved if one of the partners is declared physically disabled or mentally incompetent.
A partnership may be dissolved because a partner is shown to be not adequately performing his or her part of the partnership contract.
A partnership may be dissolved if the business can only be carried on with substantial continuing losses.
A partnership may be dissolved if one of the partners commits misconduct or gross negligence or materially breaches the partnership agreement.
0.5 points
Question 6
A promoter’s preincorporation contract:
binds only the promoter unless adopted by the corporation.
binds both the promoter and the corporation.
binds only the corporation.
binds neither the promoter nor the corporation if rejected by the corporation.
0.5 points
Question 7
Where the principal makes representations to a third party about the role that an agent is to play, which kind of authority usually arises?
Apparent authority.
Authority by ethics.
Inherent authority.
Implied authority.
0.5 points
Question 8
Standard Company and Tom wish to enter into an agency relationship for the purpose of buying computers for Standard’s offices. The relationship requires as a general rule:
a written agreement and consideration
a written agreement only
consideration only
neither a written agreement nor consideration

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1. Mardist Corporation has sales of $100,000, variable expenses of $75,000, fixed expenses of $30,000, and a net loss of $5,000. How much would Mardist have to sell to achieve a profit of 10% of sales?

A. $187,500
B. $225,500
C. $180,000
D. $200,000

2. Use the following information to answer this question.
Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has
compiled the following data for the past five months of operations.
Using the high-low method of analysis, the estimated variable cost per machine hour for electricity is
closest to which of the following?
Machine
Hours
Electrical
Cost
August 1,000 $1,620
September 900 $1,510
October 1,500 $1,870
November 2,000 $1,950
December 1,300 $1,730
A. $0.40
B. $1.68
C. $2.50
D. $0.98

3. Use the following information to answer this question.
Callaham Corporation is a wholesaler that sells a single product. Management has provided the following
cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.
Sales volume (units)The best estimate of the total variable cost per unit is
4,000 5,000
Cost of sales $338,000 $422,500
Selling and administrative costs $89,600 $106,000
A. $84.50.
B. $105.70.
C. $106.90.
D. $100.90.

4. Viren Corporation has provided the following data from its activity-based costing system:
The company makes 240 units of product T91H a year, requiring a total of 550 machine hours, 90 orders,
and 40 inspection hours per year. The product’s direct materials cost is $16.98 per unit, and its direct labor
cost is $12.09 per unit. According to the activity-based costing system, the average cost of product T91H is
closest to _______ per unit.
Activity Cost Pool Total Cost Total Activity
Assembly $387,000 25,000 machine-hours
Processing orders $68,510 1,700 orders
Inspection $129,117 1,930 inspection-hours
A. $90.81
B. $75.70
C. $79.66
D. $29.07

5. Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of
operations, 100,000 units were produced, and 90,000 units were sold. Manufacturing costs and selling and
administrative expenses for the year were as follows:
What was Indiana Corporation’s net operating income for the year using variable costing?
Fixed Costs Variable Costs
Raw materials $1.75 per unit
produced
Direct labor $1.25 per unit
produced
Factory
overhead $100,000 $0.50 per unit
produced
Selling and
administrative $70,000 $0.60 per unit
sold
A. $371,000
B. $281,000
C. $271,000
D. $181,000

6. Use the following information to answer this question.
Harris Company produces a single product. Last year, Harris manufactured 17,000 units and sold 13,000
units. Production costs for the year were as follows:
Sales were $780,000 for the year, variable selling and administrative expenses were $88,400, and fixed
selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct
labor is a variable cost.
The contribution margin per unit was
Production Cost Data
Direct materials $153,000
Direct labor $110,500
Variable manufacturing overhead $204,000
Fixed manufacturing overhead $255,000
A. $27.30.
B. $32.50.
C. $17.50.
D. $25.70.

7. Last year, Gransky Corporation’s variable costing net operating income was $52,100, and its ending
inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the
absorption costing net operating income last year?
A. $49,300
B. $52,100
C. $54,900
D. $2,800

8. Rank the following methods of assigning overhead costs from least accurate to most accurate.
A. Plantwide rate, departmental rates, activity-based costing
B. Plantwide rate, activity-based costing, departmental rates
C. Activity-based costing, departmental rates, plantwide rate
D. Departmental rates, plantwide rate, activity-based costing

9. Use the following information to answer this question.
Callaham Corporation is a wholesaler that sells a single product. Management has provided the following
cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.The best estimate of the total contribution margin when 4,300 units are sold is
Sales volume (units)
4,000 5,000
Cost of sales $338,000 $422,500
Selling and administrative costs $89,600 $106,000
A. $64,070.
B. $38,270.
C. $134,590.
D. $43,430.

10. A company increased the selling price for its product from $5 to $6 per unit when total fixed expenses
increased from $100,000 to $200,000 and variable expense per unit remained unchanged. How would
these changes affect the break-even point?
A. The break-even point in units would decrease.
B. The effect can’t be determined from the information given.
C. The break-even point in units would increase.
D. The break-even point in units would remain unchanged.

11. Use the following information to answer this question.
Harris Company produces a single product. Last year, Harris manufactured 17,000 units and sold 13,000
units. Production costs for the year were as follows:
Sales were $780,000 for the year, variable selling and administrative expenses were $88,400, and fixed
selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct
labor is a variable cost.
Under variable costing, the company’s net operating income for the year would be _______ than under
absorption costing.
Production Cost Data
Direct materials $153,000
Direct labor $110,500
Variable manufacturing overhead $204,000
Fixed manufacturing overhead $255,000
A. $108,000 higher
B. $60,000 higher
C. $60,000 lower
D. $108,000 lower

12. An increase in the activity level within the relevant range results in a/an
A. increase in fixed cost per unit.
B. unchanged fixed cost per unit.
C. proportionate increase in total fixed costs.
D. decrease in fixed cost per unit.

13. Use the following information to answer this question.
Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has
compiled the following data for the past five months of operations.
Using the high-low method of analysis, the estimated fixed cost per month for electricity is closest to which
of the following?
Machine
Hours
Electrical
Cost
August 1,000 $1,620
September 900 $1,510
October 1,500 $1,870
November 2,000 $1,950
December 1,300 $1,730
A. $870.00
B. $1,150.00
C. $1,306.50
D. $1,290.00

14. Use the following information to answer this question.
Lifsey Wedding Fantasy Company makes very elaborate wedding cakes to order. The owner of the
company has provided the following data concerning the activity rates in its activity-based costing system:
l The measure of activity for the size-related activity cost pool is the number of planned guests at the
wedding reception. The greater the number of guests, the larger the cake.
l The measure of complexity is the number of tiers in the cake.
l The activity measure for the order-related cost pool is the number of orders. (Each wedding involves
one order.)
l The activity rates include the costs of raw ingredients, such as flour, sugar, eggs, and shortening. The
activity rates don’t include the costs of purchased decorations, such as miniature statues and wedding
bells, which are accounted for separately.
Data concerning two recent orders are listed here:
Activity Cost Pools Activity Rate
Size-related $0.94 per guest
Complexity-related $31.62 per tier
Order-related $55.79 per orderAssuming that the company charges $556.96 for the Smith wedding cake, what would be the overall
margin on the order?
Pyburn
Wedding
Smith
Wedding
Number of reception guests 72 189
Number of tiers on the cake 4 5
Cost of purchased decorations for cake $29.92 $68.75
A. $460.30
B. $165.41
C. $96.66
D. $152.45

15. Which statement is true for a company that uses variable costing?
A. The unit product cost changes because of changes in the number of units manufactured.
B. Profit fluctuates with sales.
C. Product costs include variable administration costs.
D. Any underapplied overhead is included in the product cost.

16. Use the following information to answer this question.
Callaham Corporation is a wholesaler that sells a single product. Management has provided the following
cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.
The best estimate of the total monthly fixed cost is
Sales volume (units)
4,000 5,000
Cost of sales $338,000 $422,500
Selling and administrative costs $89,600 $106,000
A. $478,050.
B. $427,600.
C. $24,000.
D. $528,500.

17. Murdoch Corporation has provided the following data concerning its only product:
Murdoch Product Data
Selling price $230 per unit
Current sales 39,100 units
Break-even sales 29,716 unitsWhat is the margin of safety in dollars?
A. $8,993,000
B. $5,995,333
C. $2,158,320
D. $6,834,680

18. Use the following information to answer this question.
Lifsey Wedding Fantasy Company makes very elaborate wedding cakes to order. The owner of the
company has provided the following data concerning the activity rates in its activity-based costing system:
l The measure of activity for the size-related activity cost pool is the number of planned guests at the
wedding reception. The greater the number of guests, the larger the cake.
l The measure of complexity is the number of tiers in the cake.
l The activity measure for the order-related cost pool is the number of orders. (Each wedding involves
one order.)
l The activity rates include the costs of raw ingredients, such as flour, sugar, eggs, and shortening. The
activity rates don’t include the costs of purchased decorations, such as miniature statues and wedding
bells, which are accounted for separately.
Data concerning two recent orders are listed here:
Assuming that the company charges $556.96 for the Smith wedding cake, what would be the overall
margin on the order?
Activity Cost Pools Activity Rate
Size-related $0.94 per guest
Complexity-related $31.62 per tier
Order-related $55.70 per order
Pyburn
Wedding
Smith
Wedding
Number of reception guests 72 189
Number of tiers on the cake 4 5
Cost of purchased decorations for cake $29.92 $68.75
A. $96.66
B. $152.45
C. $165.41
D. $460.30

19. Daniele Corporation uses an activity-based costing system with the following three activity cost pools:
Activity Cost Pool Total ActivityEnd of exam
The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs.
The company has provided the following data concerning its costs:
The distribution of resource consumption across activity cost pools is given below:
The activity rate for the Fabrication activity cost pool is closest to _______ per machine hour.
Fabrication 50,000 machine-hours
Order processing 500 orders
Other not applicable
Cost Data
Wages and salaries $280,000
Depreciation $200,000
Occupancy $140,000
Total $620,000
Activity Cost Pools
Fabrication Order
Processing Other Total
Wages and
salaries 60% 30% 10% 100%
Depreciation 20% 35% 45% 100%
Occupancy 10% 50% 40% 100%
A. $7.44
B. $1.24
C. $3.72
D. $4.44

20. Green Company’s variable expenses are 75% of sales. At a sales level of $400,000, the company’s
degree of operating leverage is 8. At this sales level, fixed expenses are
A. $50,000.
B. $75,000.
C. $87,500.
D. $100,000.