Design the logic for an application for a company that wants a report containing a breakdown of:a. Design the logic for an application for a company that wants a report containing a breakdown of payroll by department. Input includes each employee’s last name, first name, department number, hourly salary, and number of hours worked. The output is a list of the seven departments in the company (numbered 1 through 7) and thetotal gross payroll (rate times hours) for each department. b. Modify "a" so that the report lists department names as well as numbers. The department names are:Dept. Num. Department Name1 Personnel2 Marketing3 Manufacturing4 Computer Services5 Sales6 Accounting7 Shippingc. Modify the report created in exercise "b" so that it prints a line of information for each employee before printing the department summary at the end of the report. Each detail line must contain the employee’s name, department number, department name, hourly wage, hours worked, gross pay, and withholding tax. Withholding taxes are based on the following percentages of gross pay:Weekly Gross Pay ($) Withholding (%)0.00 – 200.00 10200.01 – 350.00 14350.01 – 500.00 18500.01 – up 22

Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity. calculate the cost of new stock using the dividend growth approach. what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics. each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings. equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g