5-6 slide presentation on creating visuals Mathematics Assignment Help

The Snap-It-Open Corporation incorporated and began operations on January 15 of the current year. Its address is 3701 Commerce Drive, Baltimore, MD 23239. Its employer identification number is 69-7414447. It elects to file its initial tax return as a calendar-year corporation and uses the accrual method of accounting. It elects the FIFO method of inventory valuation.

Jason Sprull (SSN 333-33-3333) and Martin Winsock (SSN 555-55-5555) formed the business. They each contributed $250,000 cash for 50 percent of the 100,000 shares of $1 par value stock issued and outstanding.

The company was formed to assemble and market a unique, compact, snap-open umbrella and its business activity code is 339900. These umbrellas are sold to a variety of organizations as premiums. The company purchases the umbrella frames and several types of waterproof fabric for the umbrella material and covers from various manufacturers. It prints the organizations’ advertising logos or other designs on the umbrella material and covers. It then assembles these on the umbrella frames for delivery to the customer along with the covers.

On January 16, the company placed in service two new machines that they had purchased for $250,000 each for printing and cutting the fabric for the umbrellas and two used umbrella assembly machines purchased for $200,000 each. The company obtained a bank loan of $750,000 secured by the machines. Jason and Martin were required to personally guarantee this loan that has an 8 percent annual interest rate on the unpaid balance. The first principal and interest payment of $160,000 is not due until January 16 of next year.

During the year, the company purchased $250,000 of fabric and $310,000 of umbrella frames. It returned one order of frames valued at $5,000 because of a defect in the snap-open mechanism and received a cash refund for that amount.

Both Jason and Martin work full-time in the business. Jason is the salesperson for the company and Martin manages the office and the printing and assembly operations. Each receives a salary of $60,000 per year. They have six employees with the following incomes for the year: $45,000 for an accountant; $21,000 for a receptionist; $28,000 for each of two print machine operators; and $25,000 for each of two assembly machine operators. There are no accrued salaries or taxes as of the end of the current year. FUTA taxes are assessed on the first $7,000 of wages at a rate of 6.0 percent.

By the end of the year, the company had $1,935,000 in umbrella sales, collected $1,430,000 on these sales, and paid the following expenses in cash:

As an accrual-basis taxpayer, the company recognized $57,500 in interest expense on the note ($750,000 × .08 × 11.5/12) and established an allowance account for bad debts equal to two percent of sales.

They recognized depreciation expense for financial accounting equal to 10 percent of the purchase price for the new printing machines and 12.5 percent of the purchase price for the used assembly machines.

Their inventory at year-end consisted of $65,000 of fabric and $68,000 of umbrella frames based on the FIFO inventory method. (For simplicity, you are only required to allocate the factory salaries to the calculation of cost of goods sold.)

The company made estimated tax payments of $40,000 for the year.

1. Complete a Form 1120 and Form 4562 for Snap-It-Open Corporation using the following additional information. The corporation wrote off no bad debts for the year and it maximized its cost recovery deductions on the four machines purchased. Use the latest available tax forms from the IRS Web site at www.irs.gov.

Using the portfolio fact pattern provided, draft a Petition for Spousal Support on behalf of your client. Research the spousal support guidelines in your state as a starting point. Use any worksheets or guidelines available to assist you in preparation of your document. When drafting the petition, pay careful attention to the wording of the allegations and the relief sought based on your state’s rules, keeping in mind that every allegation should be based in relevant facts and should comply with your state’s guidelines for child support to support the relief sought.

Total word count: 350, the reading is attcahed in file,please check. no outside resources needed.

The questions below are designed to help you
read and take notes for the assigned articles. Make sure you apply them to each
article you read.

1.What is the main point or central argument of this article?
What is the author’s purpose in writing this article?

2.What evidence does the
author present to support her main point/central argument?

3.Are you convinced
by the author’s argument? Why? Why not? What evidence,if any,is missing?

4.What
did you learn from this reading that you didn’t know before?

Need to add 500 more words to on my original work. My original work is post on the attached file, the writing instruction for the final paper is also attached in file, please check.

This is our third and final progress paper. This progress paper should focus on creating a draft of your Energy Balance project (e.g. a rough draft), and illustrate that data collection has been completed and progress is being made. This paper is due online this Friday (June 1st), by 11:59 PM, Pacific Time.

Your third progress paper should be 2 to 10 pages in length. It should be a rough draft of your project, now due in less than two weeks! This should be a partially completed draft of your final paper, i.e. your outline from week 7 with more parts and pieces added, and paragraphs drafted. You will also need to show rough drafts of your tables, graphs, and data calculations. As before, this should include a list of your references, which should be consistent and illustrate that you have continued to read and gather new resources (e.g. articles, interviews, books, etc.). Grading will be based on progress made from the previous paper and the quality of your rough draft as detailed by the general rubric below.

To help me better evaluate your paper, you need to upload your paper as a pdf or word file. Progress papers are worth 10 points total. Late submissions are penalized per day/late. Finally, a general rubric that I’ll use to grade this last progress paper is as follows:

• Following draft and format directions
  • 2-10 pages and considering quality (1 pt)
  • Rough Draft that demonstrates progress towards your final project (i.e. goes beyond your outline as addressed above) (5 pts)
  • Includes references which are referenced consistently, including new references if only a few were used in the previous outline, and demonstrates you have continued to research and draft your topic (2 pts)
• Illustrates proper writing skills and organizational skills, including graphs and tables (2 pts)