Each question must be accompanied by a graph, labeled properly. Each answer (up, down, no change) should be accompanied by a one line explanation.

For a small open economy where the world interest rate is above the rate that would prevail if it were closed (equilibrium) predict the effect of an increase in G on the following variables:

1. a) Real Interest rate

2. b) Desired Saving

3. c) Desired Investment

4. d) NX

5. e) Does the country start out with a trade deficit or surplus? (before any shift)

Record the following transactions for Redeker Group in the general journal.

instructions

1. provide the 1 May 2021 journal entry

2. provide the journal entry under this “what if” scenario: What if the note was dishonoured on 1 May and that collection is not expected in the future? Assume the Allowance method is used by Redeker Group.

3. prepare journal entries for notes recievables

Westby Corp., a high school uniform manufacturer, was authorized to issue an unlimited number of common shares. During January 2020, its first month of operations, the following selected transactions occurred:

Jan.    1        1,000 shares were issued to the organizers of the corporation. The total value of the shares was determined to be $11,700.
   5        15,000 shares were sold to various shareholders for $13.20 each.
   15        The board of directors declared a cash dividend of $0.72 per common share to shareholders of record on January 19, payable January 31.
   20        4,000 shares were issued in exchange for land valued at $46,800. The shares were actively trading on this date at $11.20 per share.
   31        Closed the Income Summary account, which showed a credit balance of $162,000.
   31        Paid the dividends declared on January 15.

Required:
a. Journalize the above transactions. The Company does not use a Cash Dividends Account.

Prepare the equity section of Westby’s balance sheet at January 31, 2020.

What was the average issue price per common share?

Sheffield Corporation, a clothing retailer, had income from operations (before tax) of $427,500, and recorded the following before-tax gains/(losses) for the year ended December 31, 2020:

Sheffield also had the following account balances as at January 1, 2020:

As at January 1, 2020, Sheffield had one piece of land that had an original cost of $142,000 that it accounted for using the revaluation model. It was most recently revalued to fair value on December 31, 2019, when its carrying amount was adjusted to fair value of $246,240. In January 2020, the piece of land was sold for proceeds of $246,240. In applying the revaluation model, Sheffield maintains the balance in the Revaluation Surplus (OCI) account until the asset is retired or disposed of.

In 2015, Sheffield purchased a portfolio of debt investments that the company intended to hold for longer term and classified the portfolio of investments as fair value through other comprehensive income (FV-OCI) with gains/losses recycled through net income. The investments in the portfolio are traded in an active market. Sheffield records unrealized gains and losses on these investments as OCI, and then books these gains and losses to net income when they are impaired or sold. The portfolio’s carrying amount on December 31, 2019, was $125,400. The entire portfolio was sold in November 2020 for proceeds of $143,640.

Sheffield’s income tax expense for 2020 was $112,860. Sheffield prepares financial statements in accordance with IFRS.

Calculate net income for the year ended December 31, 2020.

Calculate retained earnings as at December 31, 2020.

Calculate net income for the year ended December 31, 2020, if Sheffield prepares financial statements in accordance with ASPE. Sheffield’s income tax expense would not change.

Calculate retained earnings as at December 31, 2020, if Sheffield prepares financial statements in accordance with ASPE. Assume that under ASPE, Sheffield’s retained earnings at January 1, 2020, would be $530,100.

Will the sum of the Accumulated Other Comprehensive Income and Retained Earnings under IFRS equal the balance of Retained Earnings under ASPE at December 31, 2020? Prepare a continuity schedule of the related accounts to demonstrate your answer.

The sum of the AOCI and Retained Earnings under IFRS equal the balance of Retained Earnings under ASPE as follows:

10a) Do customers spend more after the Promotion than they did before (i.e., their Pre versus Post Promotion spending)? Test this question with all the data, then again with only those people who accepted the offer.

10b Does the market research data match the way people really spend in this database? To answer this question, test whether High/Med High spenders actually spend more than Low/Medium Low spenders on the Pre-Promotion values (you can ignore the Average spenders in this analysis). Perform any follow-up tests as appropriate.

Suppose the High-density lipoprotein (HDL) cholesterol levels of 20 subjects were measured before and after the treatment. We want to find out if, in general, the treatment will lead to improvements of health, i.e., increasing the HDL cholesterol level. The mean and standard deviation of the difference are 2.05, 2.837, respectively. We assume the differences follow normal. Use ? =0.05.

Five sophomores were given an English achievement test before and after receiving instruction in basic grammar. The mean difference score is -0.40, and the estimated variance for the difference scores is 8.3. Using the .05 significance level (and five steps of hypothesis testing) is it reasonable to conclude that future students would show higher scores after instruction?
Step I:
-Population 1: -Population 2: -

Research hypothesis:

Null hypothesis:

Step II: Give the characteristics of the comparison distribution -The shape is:

The mean is:
-
Compute the standard deviation using the following

1- Estimated variance of difference scores for sample S2 = 8.3

2-Compute the estimated variance of the distribution of means:
  
3-Compute the estimated standard deviation of the distribution of means:

Step III: What is (are) the cut-off(s)?

Step IV: Determine the sample score position on the comparison distribution

Step V: What is the decision? Write your answer in the APA format.

A test of abstract reasoning is given to a random sample of students before and after they completed a formal logic course. The results are given below. At the 0.05 significance level, test the claim that the mean score is not affected by the course. Before: 74,83,75,88,84,63,93,84,91,77 After: 73,77,70,77,74,67,95,83,84,75 a. Write the null and the alternative hypothesis? b. are the means independent or dependent? explain. c. is it one or two tailed test? d. find the p value? E. write the decision. F. write the conclusion.

QUESTION 2 "Consider a C corporation. The corporation earns $2 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 35%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. How much is the total effective tax rate on the corporation earnings?

QUESTION 6

"Consider a C corporation. The corporation earns $1 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 0% of its earnings to its shareholders as a dividend. The corporate tax rate is 35%, the tax rate on dividend income is 28%, and the personal income tax rate is set at 28%. How much is the total effective tax rate on the corporation earnings?