Over the last few months, the Bank of Ghana (BoG) has cracked the whip at the banking industry in a bid to restore sanity in the industry. In August 2017, the UT and Capital Banks were liquidated for failing to meet the BoG’s minimum capital ratio. The operations of UniBank, Royal Bank, Beige Bank, Sovereign Bank, and Construction Bank ended. In their place the BoG announced a new bank called the Consolidated Bank, as part of measures to ensure the banking sector maintains a strong indigenous presence.
loans, and weak corporate governance which compelled BoG to crack the whip.
REQUIRED:
As a manager of a bank that was not closed down, what measures will you put in place to ensure that your bank will not be caught up in the same situation as the collapsed banks?

1) The set of instructions that tells a computer what to do is called a ______________? 2) A program design tool used to list the attributes and methods of objects within an object-oriented program is called _______________. 3) Of the programming languages discussed in the textbook, which language is used to create web applications (called applets) that can be inserted into web pages? 4) If a programmer makes a spelling mistake or violates the rules of the programming language the program will not run. This is called a __________ error. 5) When a program runs but provides the wrong output, the programmer has committed a __________ error. 6) The software program that converts programming language code into binary code that can be read by the CPU is called a ________________. 7) With regards to computer programming, what is a variable? 8) Software companies often provide its finished programs to other companies for free with the understanding that the other companies will use the program and report back to the software company any errors found in the program. This is called ___________ testing. 9) The five steps performed by programmers to analyze, design, code, debug, and maintain a program is called the _________________________________________. 10) There are primarily two categories of programming languages: structured languages that were popular from the 1950’s through the 1980s, and ________________ languages that are most commonly used today.

1. Trey has two dependents, his two daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters if his AGI is $422,000.

1. Trey has two dependents, his two daughters, ages 10 and 12, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters if his AGI is $423,000.

1. Julie paid a day care center to watch her two-year old son this year while she worked as a computer programmer for a local start-up company. Julie paid $2,300 to the day care center and her AGI is $50,000 (all salary). What amount of child and dependent care credit can Julie claim?

1. Julie paid a day care center to watch her two-year old son this year while she worked as a computer programmer for a local start-up company. Julie paid $3,600 to the day care center and her AGI is $25,000 (all salary). What amount of child and dependent care credit can Julie claim?

Short of Workers, Fast-Food Restaurants Turn to Robots

Employment opportunity in the hospitality market has never been higher. More restaurants are making efforts to deliver food and stay open later, therefore are in need of more employees. As a result, approximately 850,000 jobs in the hospitality industry are unfilled. Restaurant owners are turning to new technology to try and replace workers. For owners, it is expensive to constantly train and replace workers. In the food business, there is significant uncertainty with length of employment. Many people will take a job temporarily while they search for something with better pay. Robots would be able to eliminate this risk, but only for certain automated processes. The social aspect of having a human take your order is very important to the customer base.

1.) Other than upfront cost, what are some of the down sides associated with replacing humans with robots?

2.) What are good ways to mitigate risk when testing new technology in an unproven market?

3.) Overall, do you think the benefits outweigh the risk?

Washington City created an Information Technology department four years ago to centralize information technology (IT) functions for the city. The goal of the department was to reduce costs, avoid duplication of efforts, and provide up-to-date technology to all of the city’s operations. The fund was designed to be self-supporting; that is, all costs are to be recovered through user fees, but any excess of fees over expenses should be less than 5 percent. The preclosing trial balance for the IT department as of last year, is shown below.

During the current fiscal year ended December 31, the following transactions (summarized in thousands of dollars) occurred:

1. Gross employee wages were $56,100, including the employer’s share of social security taxes amounting to $4,000. Federal income and social security taxes withheld from that amount totaled $18,280.
2. Office expenses in the amount of $3,630 were paid in cash.
3. Materials and supplies purchased on account during the year were $8,230.
4. A bill totaling $14,230 was received for utilities provided by Washington City’s utility fund.
5. Cash paid to the federal government for payroll taxes was $22,600.
6. Cash paid to the Utility Fund was $13,800.
7. Accounts payable at year-end totaled $2,890.
8. Materials and supplies used during the year were $8,090.
9. Charges to departments during the fiscal year were as follows:

10. Unpaid balances at year-end were:

11. The depreciation for the year was $6,000.
12. Revenue and expense accounts for the year were closed.

Required

1. a-1. Prepare journal entries for the Information Technology Fund for the current year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.)

1. a-2. Prepare closing entry for the Information Technology Fund for the current year ended December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.)

1. a-3. Prepare a statement of revenues, expenses, and changes in net position for the Information Technology Fund for the current year ended December 31. (Enter your answers in thousands of dollars.)

2. Prepare a statement of net position for the Information Technology Fund as of December 31. (Enter your answers in thousands of dollars.)

3. Prepare a statement of cash flows for the Information Technology Fund for the current year ended December 31. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands of dollars.)

4. Has the manager of the IT department been able to achieve the goal of recovering costs through user fees?

• Yes

• No

Norr and Caylor established a partnership on January 1, 2010. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:

- 12% interest on the yearly beginning capital balance;
- $10 per hour of work that can be billed to the partnership's clients; and
- the remainder divided in a 3:2 ratio.

The Articles of Partnership specified that each partner should withdraw no more than $1,000 per month.
For 2010, the partnership's income was $70,000. Norr had 1,000 billable hours, and Caylor worked 1,400 billable hours. In 2011, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours, respectively. Each partner withdrew $1,000 per month throughout 2010 and 2011.
Required:
(A) Determine the amount of net income allocated to each partner for 2010.
(B) Determine the balance in both capital accounts at the end of 2010.

Abstract: “For decades, local governments have used interjurisdictional agreements to provide public services, plan for disasters, and coordinate action on a variety of collective problems. Local government scholars have been writing about these agreements for decades, but efforts to synthesize the extensive work on the subject have largely been absent. This essay reviews the work on this topic.”

HOW IT INFORMS THE IMPLEMENTATION OF Intergovernmental INITIATIVES

What is most significant about this concept?

What is Netflix Company Financial Performance 2010-2017?

Analyze and discuss trends from 2010-2017 for total revenue, net income, earnings per share, and common stock price. Do research to explain reasons for upturns or downturns.