Assume that Gary and Cathy, age 25, have one child, just born. For life insurance analysis, assume that they want to cover expenses for the next 18 years if one of them died today. Assume that the aftertax income per year would be $22,000 if Gary died today, for 18 years until the child's Social Security Survivor benefits stopped. Assume that they will ignore the period after 18 years. They would like to have a $96,000 college fund for the child, but have no other 1-time needs. Gary has a life insurance policy for $42,000. Assume that they have no other financial resources that Cathy could use for living expenses. If he died, they would like Cathy to be able to spend $40,000 per year for the next 18 years. Answer the following question using the method specified in the posted packet chapter and lecture, assuming a 0% real interest rate. What is the total value of resources?

You want to paint your room yellow, so you get some samples at the paint store. when you hold the sample against your white wall, it looks different from the way it looks against the green curtain. a psychologist would attribute this to perceptual constancy. visual paradoxes. contrast effects. threshold differences.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.