Scenario 2 (steven and dawn) steven (45) and dawn (46) are married, and they will file a joint return. during the year, they earned investment income consisting of: $200 interest income from a savings account with their local bank, reported on form 1099-int. $350 interest income from a certificate of deposit held with another local bank, reported on form 1099-int. $100 in dividends from a savings account with a local credit union, reported on form 1099-int. $250 interest income from a u. s. treasury note, reported on form 1099-int. $500 tax-exempt interest income from a municipal bond investment, reported on form 1099-int. $1,700 in ordinary dividends from a mutual fund investment, reported on form 1099-div. complete steven and dawn's schedule b (form 1040), interest and ordinary dividends. you will need to refer to the completed schedule b to answer questions about this scenario in part i of the final test.

Find the expected net profit of an insurance company on a health-insurance policy if: the probability of a $5000 claim is 20%; the probability of a $1000 claim is 60%; the probability of a $20,000 claim is 10%, and the probability of no claim is 10%. the company charges $4000 for this coverage. interpret your answer.

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?