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Bank X has Sh. 100M of assets and Sh. 10M of Equity bank. Bank Y has Sh. 100M in assets and Sh. 4Min equity. Calculate the Equity Multiplier of each bank. If the two banks have 1%, return on assets; calculate the return on equity of bank X and Y and comment. (10 Marks)
What does WorldCom’s experience teach us about corporate wrongdoing?
describe the advantages of credit in terms of purchasing power. Explain how credit can become a trap and lead to overspending.
Hello! Good morning! May I ask you some questions for Accounting 401? Thank you very much!
1. Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000. Their AGI is $37,000.
a. The maximum amount Gene can contribute to an IRA in 2018 is $.
b. The maximum amount Beth can contribute to an IRA in 2018 is $.

2. Samuel, age 32, loses his job in a corporate downsizing. As a result of his termination, he receives a distribution of the balance in his § 401(k) account of $20,000 ($25,000 – $5,000 Federal income tax withholding) on May 1, 2018. Samuel's marginal tax rate is 24%.

What effect will the distribution have on Samuel's gross income and tax liability if he invests the $20,000 received in a Roth IRA within 60 days of the distribution?
Samuel includes $ in his gross income and the related tax liability (ignoring penalties) is $ .
Hello! Good morning! May I ask some questions for Accounting 401? Thank you very much!

1. Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000. Their AGI is $37,000.
a. The maximum amount Gene can contribute to an IRA in 2018 is $.
b. The maximum amount Beth can contribute to an IRA in 2018 is $.

2. Samuel, age 32, loses his job in a corporate downsizing. As a result of his termination, he receives a distribution of the balance in his § 401(k) account of $20,000 ($25,000 – $5,000 Federal income tax withholding) on May 1, 2018. Samuel's marginal tax rate is 24%.

What effect will the distribution have on Samuel's gross income and tax liability if he invests the $20,000 received in a Roth IRA within 60 days of the distribution?
Samuel includes $( ) in his gross income and the related tax liability (ignoring penalties) is $ ( ).
Terri has an annual contract with Jackson Mortgage Brokers to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance. Terri spends, on average, 20 hours per week working at the company’s premises and is paid a flat amount monthly. She hires part-time workers, when necessary, to assist her. Terri does not have any other clients.
Terri uses her own small tools; however the company supplies and maintains a riding lawn mower and a snow plow for her use. Her contact at the company is Glenn Simpson, the Facilities Manager, who meets with her every Monday to discuss the work to be done that week. Glenn approves Terri’s monthly invoices and submits them to Accounts Payable.
Does Terri have a contract of service or a contract for service with Jackson Mortgage Brokers? As the company’s Payroll Supervisor, explain to Glenn the process and factors you used to make your decision.
What happens when liquid pollutants are dumped in the ground?
Write a research proposal of the topic of your choice including all following parts.(30MKS)
CHAPTER ONE
1. Introduction 1.1 Background to the problem 1.2 The statement of the problem 1.3 The purpose of the study 1.4 The objectives of the study 1.5 Research questions 1.6 Research hypothesis (these can be substituted with assumptions of the study. In other words, it is not necessary or a must for the student to have research hypothesis especially if the study is of descriptive nature). 1.7 Theoretical background / conceptual framework. 1.8 Rationale or justification / conceptual framework
1.9 Limitations and delimitations of the study. 1.10 Assumptions of the study. 1.11 Definition of terms.
A random sample of 400 sick people is classified by two characteristics: whether they took medicine A or B and by what type of state they ended up in (i.e. sick, healed, dead). The results of this investigation are given below:
sick Healed Dead
Took Medicine 150 60 20
Never took medicine 45 68 57


It is required to test at the 5% level of significance.
Given the data in the table below;

Home values 85 147 340 94 120 105 135 162 480 88
Debt data 12 27 45 10 17 4 20 25 35 14

(i) Use the spearman rank correlation to determine the value of rs and state the relationship between the two variables.
(ii) Develop a test of hypothesis that uses the ranks correlation rs in i) above as the test statistics
iii) Determine whether the derived value of rs in i) above is large enough to support the conclusion made in i)
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