Which of following organisations is least likely to be exempt from income tax?

(a)      A croquet club established to promote the sport of croquet where no entertainment is provided to members.

(b)      A tennis club established to promote the sport of tennis where the club has poker machines on the premises to assist in funding the sporting activities of the members.

(c)      A swimming club originally established to promote swimming, but the club currently has extensive entertainment facilities available to the general public and earns substantial amounts from the entertainment activities.

(d)      A darts club originally established to promote darts where the club runs lotteries to assist in funding the sport of darts.

(e)      A trotting club originally established to promote horse racing and which currently receives income from the sale of the rights to televise the races. The funds received for the racing rights are used to improve track facilities.

Based on Court Case United States v. Bestfoods 113F.3d 572 (1998)

Is direct liability for a parent company's operation of the facility distinct from derivative liability for the subsidiary's operation of the facility?

• The following table summarizes the annual returns you would have made on two companies – Scientific Atlanta, a satellite and date equipment manufacturer and AT&T, the telecom giant from 1988 to 1998.

• A) Estimate the average and standard deviation in annual returns in each company.
• B) Estimate the covariance and correlation in returns between the two companies
• C) Estimate the variance of a portfolio composed, in equal parts, of the two investments.

The government conducts a survey of the population and finds that 208 of 681 respondents report voting for party A last election, and 284 of 512 respondents report voting for party A for the next election. If you are conducting a hypothesis testing with a null hypothesis of p1=p2{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><msub><mi>p</mi><mn>1</mn></msub><mo>=</mo><msub><mi>p</mi><mn>2</mn></msub></math>"}, calculate p{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><menclose notation="top"><mi>p</mi></menclose></math>"} .

Question 1: Angelica Vasquez had the following balances.
Sales Revenue 3,053,081
Cost of goods sold 1,982,541
Salaries and commissions 509,044
Travel and entertainment expenses 48,940
Advertising expenses 38,315
Freight expenses 41,209
Shipping supplies and expenses 24,712
Postage and stationery 19,663
Telephone and internet expenses 12,215
Depreciation of equipment 25,005
Depreciation of building 18,059
Legal and professional services expenses 23,721
Insurance expense 17,029
Utilities expense 23,275
Miscellaneous office expense 2,612
Other Incomes
Dividend revenue 98,500
Rental revenue 42,910
Gain on sale of plant assets 30,000

Required: Prepare Angelica’s Income Statement for year ended January 31 2017





From the following TB of Mike, a store owner, prepare an Income Statement for the year ended December 31 2015 and a Balance Sheet as at that date
$
Sales Revenue 395,000
Cost of Sales 323,800
Wages and salaries 30,000
Insurance expense 6,000
Telephone expense 1,000
Shop Fittings, cost 40,000
Motor Car, cost 30,000
Account Receivable
Machinery                                                                                                                                9,800
20,300
Account Payable 61,100
Bad debts 200
Owner, Capital 179,800
Cash balance
Building 3,000
50,000
Drawings 1,800
Inventory (December 31, 2016) 120,000

Note
1. Accrued wages $3,500
2. Insurance prepaid $500
3. Provision for doubtful debts to be 2.5% of AR
4. Telephone outstanding $120
5. Depreciate Shop Fittings at 5.5% and motor car at 10% p.a, on cost

True or False

1.Currency swap volume is greater than equity swap volume.​

2.Since 1998, the gross market value of currency swaps outstanding has always increased each year.​

write a useful set of instructions for assembling the several components of a home entertainment system

Technical Writing

Please complete all the sections

The average annual tuition for a public university in 1998 was $20,598. In 2018, the average annual tuition for a public university is $25,659. How much (as a percentage) has the tuition cost increased over the entire period? State your answer to two decimal places (e.g., 3.86)

In 1998 the World Trade Organization issued a ruling in which it stated that the U.S. was wrong to prohibit shrimp imports from countries that failed to protect sea turtles from entrapment in the nets of shrimp boats. The basic position of the WTO was that while environmental considerations are important, the primary aim of international trade agreements is the promotion of economic development through unfettered free trade. Justify a position that the WTO in decoupling trade and environmental policy is proper or not proper within the scope of its charge.