Question & Answer

What are guaranteed payments, and how do partnerships and partners treat them for income and self-employment tax purposes?

Discuss some of the defects that can occur in plastic injection molding

(Threshold Concept 7) 1. What market failures could be corrected by the use of welfare benefits? Does the payment of such benefits create any problems for society? (Threshold Concept 7) 2. Assume that the government sees litter as a market failure that requires government action. Give some examples of policies it could adopt to reduce litter.

Haruki and Bob have owned and operated SOA as a C corporation for a number of years. When they formed the entity, Haruki and Bob each contributed $100,000 to SOA. Each has a current basis of $100,000 in his SOA ownership interest. Information on SOA’s assets at the end of year 5 is as follows (SOA does not have any liabilities):    Assets FMV Adjusted Basis Built-in Gain Cash $200,000 $200,000 $0 Inventory 80,000 40,000 40,000 Land and building 220,000 170,000 50,000  Total$500,000   At the end of year 5, SOA liquidated and distributed half of the land and building, half of the inventory, and half of the cash remaining after paying taxes (if any) to each owner. Assume that, excluding the effects of the liquidating distribution, SOA’s taxable income for year 5 is $0.  a. What are the amount and character of gain or loss SOA will recognize on the liquidating distribution? b. What are the amount and character of gain or loss Haruki will recognize when he receives the liquidating distribution of cash and property? Recall that his stock basis is $100,000 and he is treated as having sold his stock for the liquidation proceeds.

What is the difference between fixed automation and programmable automation?

What is a hybrid microsensor

How is the power required in a cutting operation related to the cutting force?

What adjustments are made annually to a shareholder’s basis in S corporate stock and in what order? What impact do these adjustments have on a subsequent sale of stock?

How is an industrial robot similar to numerical control?

: Define leadership and explain the differences between formal and informal leaders.

Where in the financial statements is preferred stock normally reported?

Do taxpayers always add back the standard deduction when computing alternative minimum taxable income?  Explain.

What is sticking friction in metalworking?

Suppose you asked your favorite AI query tool the following question: “Do IRS Temporary Regulations have a limited life?”  The AI tool provided the following response: Is the AI response correct? Explain.

What is a sonotrode in ultrasonic welding?

Describe the gross receipts test and identify how this test relates to the business interest deduction.

Define braze welding.

How does a casualty loss on a business asset differ when the asset is stolen as opposed to destroyed in a fire?

Summarize the historical struggle between managing the “things of production” and the “humanity of production

What is the connection between the concepts of 'hysteresis’ and ‘propagation mechanisms’?

] Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $24,000 from County Bank and paid interest of $1,440. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances: a. Lionel’s AGI before deducting interest on higher education loans is $50,000. b. Lionel’s AGI before deducting interest on higher education loans is $89,000. c. Lionel’s AGI before deducting interest on higher education loans is $100,000.

Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2014 and 2013, and the increases or decreases in each account from 2013 to 2014. Also presented is selected income statement information for the year ended December 31, 2014, and additional information. Increase Selected statement of fi nancial position accounts 2014 2013 (Decrease) Assets Property, plant, and equipment $277,000 $247,000 $30,000 Accumulated depreciation (178,000) (167,000) (11,000) Accounts receivable 34,000 24,000 10,000 Equity and liabilities Share capital—ordinary, $1 par $ 22,000 $ 19,000 $ 3,000 Share premium—ordinary 9,000 3,000 6,000 Retained earnings 104,000 91,000 13,000 Bonds payable 49,000 46,000 3,000 Dividends payable 8,000 5,000 3,000 Selected income statement information for the year ended December 31, 2014 Sales revenue $155,000 Depreciation 38,000 Gain on sale of equipment 14,500 Net income 31,000 Additional information: 1. During 2014, equipment costing $45,000 was sold for cash. 2. Accounts receivable relate to sales of merchandise. 3. During 2014, $25,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Instructions Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends paid. (d) Redemption of bonds payable.

P.1 What is a polymer? P.2 What are the three basic categories of polymers?

A DC servomotor drives the y-axis of a NC milling machine table. The motor is coupled to the table lead screw with a gear reduction of 2:1 (2 turns of the motor shaft for each single rotation of the lead screw). There are 2 threads per cm in the lead screw. An optical encoder is directly connected to the lead screw (1:1 gear ratio). The optical encoder emits 100 pulses per revolution. To execute a certain programmed instruction, the table must move from point (x = 25.0 mm, y = 28.0) to point (x = 155.0 mm, y = 275.0 mm) in a straight-line trajectory at a feed rate = 200 mm/min. For the y-axis only, determine: (a) the control resolution of the mechanical system, (b) rotational speed of the motor, and (c) frequency of the pulse train emitted by the optical encoder at the desired feed rate.

What are the criteria that should be satisfied to make an automated manufacturing system flexible?