Use the function from Q1 to find the sum of ints,n, from 1 to 2500,

inclusive, that satisfy the following boolean:

     ((n div by 11) and ( n is div by 13) ) or (n is div by 61)

Print out the sum with a labelled print:

The sum of qualifying ints, n, 1 <= n <= 2500, is ___________.

Hint: Remember that you can use a for loop to traverse a list.

For example:

L = [23,37,41,53,61]:

for n in L:

    print(n, end = ' ')

23 37 41 53 61

>>>

You can do this even more easily if you use the BIF sum, which returns the sum

of the numbers in a list

L1 = [2,7,13]

Sum = sum(L1)

print(Sum)

22

Write code to find the product of every 19th qualifying int (19th, 38th,...) from Q2, then

print out a labelled print:

The product of every 19th qualifying int is ____________

Then write code to find the sum of every 2nd qualifying int (2nd,4th,...) from Q2, then

print out a labelled print:

The sum of every 2nd qualifying int is ______________

Hint: Set up a counter and initialize the counter to zero.

Increase the counter as the ints from the list returned from Q2 are traversed.

Do not use indices - just use what has been taught. You can tell from the

counter what qualified int you are currently on. Knowing this, you can determine if

you are on a 2nd or a 19th qualifying int.

What is the largest int times the sum that is less than or equal to the product?

Print this out with a labelled print statement:

The largest int times the sum that is less that or equal to the product is _____________.

Normative Economics (Efficiency vs, Equity)

there are two types of economic Efifficence Vs Equity why it is more important than the efficiency goal than equity?

why it is more important than the equity goals than efficient too ?

Any amount received or accrued by a taxpayer from an educational policy, which has
been expended for providing education or training at a recognised educational
institution of a child or stepchild is exempt according to Section 16(1)(ab).
On the last day of the year of assessment, the child or stepchild is not required to be? a) Not over the age of 26 years b) Living with the parents c) All of the above d) None of the above

6. In the case Lategan v CIR (CPD 1926), the word accrued was held to mean: a) ‘’accrued to” b) “to which he has become entitled” c) “received on his own behalf” d) “received for his benefit”

7. Jackson Samuel is a 27-year old writer who is a Namibian resident. He paid a royalty of
N$ 100 000 by Crazy Films for the right to use one of his copyrighted books in the next
film.
The royalty payment received will be included in Jackson’s Gross Income for the year. a) False b) True

8. What is the tax treatment of the royalties received? a) Included in Gross Income only b) Included in Gross Income and then Exempt c) Not Taxable d) Specifically deductible

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9. Mrs Martha retires and is paid a pension retirement of N$10 000 per month from a fund
in Botswana. She has spent the last 9 years of her 16 years of service in Namibia. What
is the amount deemed to be Namibian source income for the specific year of
assessment? a) N$ 5 625 b) N$ 90 000 c) N$ 67 500 d) N$ 17 778

10. The onus is on the tax payer to prove that certain amounts are of a capital nature. If
there is a dispute and the case goes to court, the court will take into account certain
factors in reaching a decision. Which of the following is not a factor to consider? a) The intention of the taxpayer b) The objective of the taxpayer c) The period the assets are held d) The type of asset held

11. Ms Charon has been working in Namibia for the past 5 months. She is an employee of a
company operating in Britain and was sent to Namibia to supervise the opening of the
company’s new branch in Oshakati. The salary that she has earned for the five months is
taxable in Namibia. a) True b) False

12. Sara Maneti has recently retired after a long career in the mining industry of Namibia.
Upon retirement, she received N$ 250 000 lump sum from her employer. She used N$
180 000 to purchase an annuity from a foreign insurance company.

Page 13 of 25

What amount should the lump sum from employer be in order to be taxable in three
equal instalments, starting in the year of payment and two following years? a) Over N$ 500 000 b) Over N$ 300 000 c) Over N$ 200 000 d) Under N$ 300 000

13. The following is a requirement for the lump sum from employer exemption. a) The person attained the age of fifty b) Termination of service due to criminal conviction c) Termination of service due to end of employment contract d) The minister is satisfied that the person is retrenched

14. An employee receives housing benefits provided in terms of approved housing schemes.
Where the remuneration of the employee does not exceed N$ 15 000 per annum, the
housing benefit is exempted as follows: a) One third of the benefit is exempt b) Benefit is fully exempted c) Benefit does not qualify for exemption d) Two third of the benefit is exempt

15. Where an employee’s remuneration exceeds N$ 15 000 per annum but not N$ 30 000
the housing benefit is reduced by Y% in the formula
? = 100−
? 150
Where X in the formula represents: a) Remuneration less housing benefit b) Employee’s remuneration c) Amount of housing benefit d) Excess of employee’s remuneration

Page 14 of 25

16. According to Section 16(1)(q), alimony refers to any amount … a) Received by a spouse married in community of property b) Received by a spouse married out of community of property c) Received by a spouse of behalf of a child d) Received from a former spouse after divorce settlement

17. Which of the following is not a characteristic of an annuity? a) Repetitive cash payment b) Annual payment c) Chargeable against a person d) Continuous payment

18. 65-year old John Smith retired in January 2020. He received N$ 200 000 lump sum from
his employer. Some of his receipts for the year also included N$ 8 000 withdrawal
benefit from a pension fund, N$ 300 000 retirement benefit from a provident fund and
N$ 2 000 war pension. After retirement, John continued running the business that he
had started a few years ago. During the year, the business earned N$ 90 000 in profits.
Which one of the above does not constitute John’s income for the year of assessment
ending 29 February 2020? a) Business profits b) Withdrawal benefit from pension fund c) War pension d) Retirement benefit from provident fund

19. If John had deposited N$ 100 000 of his lump sum into a NamPost saving account and
earned interest on the savings account, the interest received by John would not be
taxable. a) False b) True

Page 15 of 25


20. Specifically included in John’s Gross Income should be any amount, excluding all
voluntary award, received or accrued in respect of services rendered or to be rendered. a) True b) False

21. Lucas Josephat is a Namibian resident employed as a salesperson at Build-In Wholesaler
in Ongwediva. During the 2019 year of assessment he won a prize for being its most
productive salesperson of the year. The prize was valued at N$ 20 000 (this amount was
also the cost of this prize to his employer). Why will the prize received not be included in
his gross income for the year of assessment ending 2019? a) Not arising out of an operation of business b) Closely connected with his employment c) Constitute a receipt of a capital nature d) Benefit of his employment

22. Desmond Xaweb 68-year old pensioner owns three tuck shops in Kunene Region. He has
lived his whole life in Namibia and has never left the country. Desmond is also the
owner of a house located a few kilometres outside Okahandja. After his death in January
this year, Desmond’s grandson, Dion, inherited the house. The house was valued at N$ 2
500 000 by an independent real estate evaluator. After facing cash flow problems, Dion
decided to sell the house for N$ 2 000 000 during the same year. Will the proceeds from
the sale of house by Dion be considered of income nature? a) True b) False   

Page 16 of 25

23. Under which circumstances will the receipts from the house sold by Dion be considered
of capital nature? a) If he had not inherited the property b) If he had a scheme of selling the property for profit c) If his intention was that of speculation or investment d) If he did not enter into an extensive advertising campaign to sell it

24. Lisa Kutako, a property developer living and trading in Pretoria, inherited a block of flats
in Windhoek on 3 March 2019, valued at N$ 8 000 000, from aunt who lived in Outjo.
Since Lisa was at that time selling two other blocks of flats under sectional title, she
immediately applied for sectional title rights on her inherited property. By 29 February
2020, she had sold all the flats in her inherited property for N$ 9 000 000.
Where will Lisa be taxed on the receipts from the flats sold? a) South Africa b) Namibia c) All of the above d) None of the above

25. All exemptions are first included in gross income and thereafter deducted. Funds of
certain associations and enterprises are fully exempted from paying income tax due to
their nature of operation. Which of the following Namibian associations do not qualify
for such an exemption? a) Namibia Stock Exchange b) Teachers’ Union of Namibia c) Hope Village d) GIPF

Page 17 of 25

26. After a few years of learning about the tax effects of different investment options,
Martha Nami, 34-year old woman married in community of property, decided to buy
treasury bills. Based on their tax implications, why did Martha decide to purchase them? a) All expenses incurred are deductible b) Interest earned does not constitute of income c) All of the above d) None of the above

27. During the 2019 year of assessment, Gina Garises earned N$ 75 000 taxable income.
What is the applicable normal tax rate for her? a) 29% of the amount by which the taxable income exceeds N$ 50 000 b) 25% of the amount by which the taxable income exceeds N$ 50 000 c) 29% of the amount by which the taxable income exceeds N$ 40 000 d) 27% of the amount by which the taxable income exceeds N$ 40 000

28. The newly appointed non-executive director of Metro Small Company, Shawn Wilson, is
a Namibian resident who lives and works in Outapi. Upon his appointed to the office, he
receives an annual housing allowance of N$ 20 000 and a travel allowance of N$ 15 000
along with the right to use of the company car that has a market value of N$ 178 000.
Which of the above are fringe benefits? a) The housing and travel allowances b) The right to use the company car c) None of the above mentioned benefits d) Only the travel allowance and the right to use the company car

29. Goldie-Locks is a licenced gold producer headquartered in Toronto, Canada. Founded in
2010, today, Goldie-Locks has three operating gold mines located in various countries
including the Philippines, Namibia, and Congo. In 2020, Goldie-Locks forecasts
consolidated gold production of between 1,000,000 and 1,055,000 ounces.

Page 18 of 25

In which country will the income of Goldie-Locks be taxed? a) Philippines b) Congo c) Canada d) All of the above

30. If Goldie-Locks is to be taxed in Namibia, what will be the applicable flat tax rate for
such a mining company? a) 37.5% b) 35 % c) 50.% d) 18.%

31. DiaNam is a Namibian owned licensed diamond company that performs land-based
prospecting (exploration), mining and rehabilitation operations in the southwest coast
of the country. What is the applicable tax flat rate for DiaNam? a) 37.5% b) 35 % c) 50.% d) 18.%

32. Mate-Rial is a textile manufacturing company that was registered at the Ministry of
Trade and Industry in October 2013. With a factory located in Gobabis, the company
employs over 300 local residents. During the 2019 year of assessment, hired five
Malaysian textile specialist to assist it with the production of a new synthetic leather
fabric in order to abide to its vegan cruelty-free policy.
What is current the applicable flat rate for manufacturing company in Namibia? a) 37.5% b) 34 % c) 50.% d) 18.%

Page 19 of 25

33. Grace Wandje is a local business woman who lives in Khorixas. She is a teacher at a
primary school in her area and owns property as well as other small businesses. If her
income for the year of assessment ended 29 February 2020 is as follows; what will be
her gross income for the year ended 29 February 2020?
Salary 80 000
Rent received 20 000
Dividends received 4 000
Bet win on result of soccer match 1 000
Profit on sale of shares held as trading stock 4 000
Loss of profits insurance claim 2 000
Interest received 2 000
Restraint of trade payment 8 000
N$125 000
a) N$ 112 000 b) N$ 125 000 c) N$ 117 000 d) N$ 122 000

Write a script that accepts a single character argument (command line parameter), then checks to see if the argument is an upper- or lower-case letter. (You do not have to do any error checking. Just assume that the user will enter a single character.) Hint: use grep to search for a member of the character class [a-z]. Then use the exit code (in an if statement) to see if grep was successful and write the proper response. If the argument is a letter, print (display to screen) “You entered a letter.” If the argument is not a letter, print “You did not enter a letter.”

Answer the following questions completely.

Describe some of the differences between tariffs and quotas.

What are the intent and impact of domestic content requirements?

Is a tariff-rate quota a two-tier tariff? Why?

What is an OMA?

Problem 1.

Emily Elizabeth opened Clifford’s Pet Toy Warehouse on July 1, 2020. Clifford’s Pet ToyWarehouse extends credit terms of 2/10, n/30 to all of its customers. During July the following transactions occurred.

July

1 Issued 100,000 shares of common stock for $100,000 cash.

2 Paid $1,800 cash on 1-year insurance policy effective July 1.

3 Purchased pet toys on account for $1,900 from Cleo Toy Company, terms 2/10, n/30.

4 Purchased supplies for $900 on account from Norman Supply.

5 Sold pet toys on account to the Jetta’s Pet Shop for $1,200. The cost of the pet toys sold was $720.

6 Purchased a used delivery truck from Howard Motors for $9,000, paying $2,000 cash and the balance via loan from Howard Motors.

7 Received $100 credit for pet toys returned to Cleo Toy Company.

9 Paid Cleo Toy Company in Full.

15 Received payment in full from Jetta’s Pet Shop.

17 Sold pet toys on account to Charley’s Pet Store for $1,400. The cost of the pet toys sold was $840.

18 Repaid Howard Motors $1,000 cash toward the amount owed on truck and paid $500 toward the amount owed on supplies.

20 Purchased toys on account for $700 from Mac Toy Maker, terms 1/15, n/30.

21 Paid $2000 cash for employee salaries.

24 Received payment in full from Charley’s Pet Store.

26 Sold pet toys on account to T-Bone for $1300. The cost of the pet toys sold was $780.

27 Granted T-Bone $130 credit for pet toys costing $80 that were returned.

29 Paid $260 for delivery truck repairs.

30 Declared and paid $600 cash dividend.

31 Paid Mac Toy Maker in full.

Problem 1: Instructions

(a) Journalize the July transactions for Clifford’s Pet Toy Warehouse.

(b) Prepare a trial balance at July 31. (Hint: you might want to post your journal entries to ledger – i.e., “T” – accounts.)

(c) Consider the following and prepare adjusting journal entries if necessary

(note: if no entry is needed, explicitly say so).

1. On July 31st, FedEx picked up from Clifford’s Pet Toy Warehouse pet toys that Jetta’s Pet Shop agreed to purchase from Clifford’s for $1100 (the cost of the pet toys was $660). Payment terms for the sale were the usual 2/10, n/30 and the contract specified FOB shipping point. (Clifford’s did not make any entries in its records for this sale.)

2. On July 31st, FedEx picked up from Cleo Toy Company pet toys that Clifford’s Pet Toy Warehouse agreed to purchase for $2200. Payment terms of the purchase were 2/10, n/30 and the contract specified FOB shipping point. (Clifford’s did not make any entries in its records for this purchase.)

3. Depreciation on the truck for the month of July was $200 and interest owed to Howard Motors was $50.

4. One-twelfth of the insurance expired.

5. An inventory count shows $360 of supplies on hand at July 31.

5. Income taxes owed to the government at July 31 were $400.

(d) Prepare an adjusted trial balance. (Hint: you might want to post your adjusting entries to ledger – i.e., “T” – accounts.)

(e) Prepare a multi-step income statement for Clifford’s Pet Toy Warehouse for July. (Hint: start with Net Sales.)

(f) Prepare a single-step income statement for Clifford’s Pet Toy Warehouse for July.

(g) Explain which income statement (multi-step or single-step) will Emily Elizabeth and other

users would prefer for Clifford’s Pet Toy Warehouse and why.

(h) Calculate the Gross Profit Ratio (also known as the Gross Margin Ratio) as well as the Profit Margin Ratio. Given the ratios you calculated, explain why you believe Clifford’s
decision to pay shareholders a $600 dividend was a good or bad idea.

If you have a script called testscr, that you execute with the following pipeline:

echo two four six eight ten | testscr
and testscr contains the following lines of code:

# This is a read test
read parm1 parm2 parm3
echo :$parm1:$parm2:$parm3:

What gets printed?

Consider a file with a large number of Person(id, name, birth-date) records. Assume that users frequently search this file based on a the field id to find the values of name or birthdate for people whose information is stored in the file. Moreover, assume that users rarely update current records or insert new records to the file. Which file structure, heap versus sorted, provides the fastest total running time for users’ queries over this file? Explain your answer

Most calculators come with a book of instructions. Unfortunately, if you misplace the book, you’re left to your own devices in figuring out how to use the calculator. Wouldn’t it be easier if the calculator had a built-in “help” function similar to the one on your computer? You could just punch the “Help” key on your keypad and call up the relevant instructions on your display screen. You just invented a calculator with this feature, and you’re ready to roll it out. First, however, you have to make some pricing decisions: When you introduce the product, should you use skimming or penetration pricing? Which of the following pricing methods should you use in the long term: cost-based pricing, demand-based pricing, target costing, or prestige pricing? Prepare a report describing both your introductory and your long-term alternatives. Then explain and justify your choice of the methods that you’ll use.

1. According to AIDA Model, an advertisement should be all of these things EXCEPT which?

   1. Responsive

   2. Interesting

   3. Eye-catching

   4. Desirable

2. AIDA is a sequential model showing the states of mind that a person may go through while deciding what to buy. What does AIDA stand for?

   1. awareness, interest, design, action

   2. attention, information, desire, achievement

   3. awareness, interest, desire, attention

   4. attention, interest, desire, action

   5. awareness, information, desire, achievement

3. Conviction stage in the hierarchy of effects model by Philip Kotler refers to the stage where

   1. Consumers may be converted to try out the product, but may like other brands too

   2. The doubt in consumers' minds about buying the product needs to be changed into action

   3. The purchase experience has to be made easy and enjoyable

   4. Your product is evaluated and compared against other brands

4. The innovation adoption model implies that

   1. The challenge facing companies introducing new products or targeting new markets is to create awareness and interest among consumers

   2. The best way to evaluate a new product is through actual use so that performance can be judged

   3. Marketers could encourage trial by using demonstration or sampling programs or allowing consumers to use a product with a money-back commitment

   4. All of the other options

5. Information processing model adds a stage that is not mentioned in all the other three models. This stage is

   1. Exposure

   2. Retention

   3. Attention

Create a method called “concat” that takes three char array parameters. This method should concatenate the second string on to the end of the first string and store the result in the third string. Note: When you concatenate two string you add the contents of one string on to another. Important: Make sure you add null terminators where necessary. No pointer.C++

The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for non-students and Q = 200 - p for students, where p is the price of firewood, in $/truckload.

At a price of $150 per truckload, will college students buy any firewood?

At a price of $150 per truckload, will non-students buy any firewood?

The (inverse) demand curve for the town as a whole has a kink at Q =

For the town as a whole, including the students, the slope of the inverse demand curve to the left of the kink is For the town as a whole, including the students, the slope of the inverse demand curve to the right of the kink is

For the town as a whole, including the students, the slope of the inverse demand curve to the right of the kink is

Determine the percent composition of air in the lungs from the following composition in partial pressures: PN2=565mmHg, PO2=108mmHg, PCO2=37mmHg, PH2O=50mmHg; all at 37∘C and 1atm pressure.

A % N2

B % O2

C %CO2

D % H2O

An object (A) of mass m A = 28.0 kg is moving in a direction that makes angle of 50° south of west with a speed v A = 4.90 m/s, while object (B) of mass m B = 18.0 kg is moving due south with a speed v B = 7.85 m/s. The two objects collide and stick together in a completely inelastic collision. Find the magnitude of the final velocity of the two-object system after the collision.