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Questions 35-36 are based on the following information.   MANGO Corporation had 150,000 shares of common stock and 20,000 shares of 6%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $550,000 and dividends were paid to both common and preferred shareholders. MANGO’s effective tax rate is 30%.   Each share of preferred stock is convertible into five shares of common stock.     What is MANGO’s basic earnings per share (rounded)?    

The corporate charter of KNIGHT Company authorized the issuance of 15 million, $1 par common shares. During 2024, its first year of operations, KNIGHT had the following transactions:   February 15            Sold 8 million shares at $10 per share                                   July 8                       Retired 3 million shares at $17 per share                               November 22          Sold 2 million shares at $21 per share                                     What amount should KNIGHT report as Paid-in-Capital—Excess of Par, in its December 31, 2024, balance sheet (in millions)?

INTER Enterprises had the following pretax income (loss) over its first four years of operations:   2022             $   550,700               2023                1,000,000              2024               (3,025,000)  2025                8,790,000                There were no temporary or permanent differences in any year and the tax rate was 25%. No valuation account was deemed necessary for the deferred tax asset as of December 31, 2024.   INTER uses the carryforward method when calculating its taxes. What amount should INTER report as income tax payable in 2025?  

GAMING Corp. sells annual access to online games. During 2025, its first year of operations, GAMING collected $1,500,000 in cash from its subscribers for online gaming access. Of this total, $1,00,000 worth of access will not be made available by GAMING until 2026. GAMING’s enacted tax rate is 20% for 2025 and 25% for 2026.   In its December 31, 2025 balance sheet, what amount should GAMING report for deferred tax assets?    

Future taxable amounts best characterize a:

Using something like a table, compare Expert Systems, Fuzzy Systems, Neural Networks, and Genetic Algorithms (pros and cons)

Explain evolutionary strategies and how it works? What is the benefit of evolutionary strategies over genetic algorithms?

What are the 5 layers of Neural Fuzzy Systems? Explain each of them.

The following graph is a performance graph for 100 generations of 6 chromosomes. What parameter(s) could be changed to smooth out the “average” graph and why?

What parameters can we change of the genetic algorithm to possibly improve its performance? How? Explain.