You want to prepare the balance sheet for Usher, Inc., as of December 31, 2005. Use the following information. All information pertains to fiscal 2005 unless otherwise stated.
Retained earnings at December 31, 2004 is $234,000
Sales (all credit sales) are $2.5M
Days to sell inventory is 20
Cash on hand is 1% of sales
All sales are paid 30 days after purchase
Noncurrent assets are $ 1M
Long-term debt to equity ratio is 1
All liabilities, other than long-term debt, are short term liabilities
20,000 shares outstanding issued at $10 in 2004
No dividends are paid
Gross margin is 40%
Net profit margin is 8%
Assume there are 360 days in the year

Daniel, age 38, is single and has the following income and expenses in 2017:

Daniel's standard deduction for 2017 is $6,350 and his personal exemption is $4,050.

a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible".

b. Daniel's gross income is $ and his AGI income is $.

c. Calculate Daniel's total itemized deductions (after any limitations).
$

Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom’s will directed his executor to distribute his cash and stock to his wife, Kaffie, the real estate to his church, The First Church of Methodology, and the remainder of his assets were to be placed in trust for his three children. Tom’s estate consisted of the following: (Refer toExhibits 25-1 and Exhibit 25-2.)

a. Tom made a taxable gift of $6.20 million in 2011. Compute the estate tax for Tom’s estate.

The balance of payments consists of three accounts which together record the flow of money into and out of a country. The current account records the sale and purchase of goods and services, the capital account records the sale and purchase of financial assets, and the official settlements (OS) account records changes in government holding of foreign currencies. Anything that brings domestic currency into the country is recorded as a positive while anything that sends domestic currency out of the country is a negative. Based on this description, identify which UAE account (current, capital, or OS) each transaction would be included in and whether it would be positive or negative.

a) Etihad Airlines buys 2 new airplanes from Boeing (a US company)

b) A London businessman buys 100 shares of Etihad Airlines stock

c) The UAE government buys 100,000 Omani rial

d) A UAE housewife receives an interest payments of 250,000 AED on short-term foreign deposits in a UK bank

e) A petrol station in Iceland buys 3,000 liters of petrol from ADNOC

f) The UAE government sells 1 million US dollars

g) The UAE government lends 1 billion euros to the Greek government

Write a report discussing the effect of implementing Lean Operations on performance. This assessment should be written and structured in the form of a business report.

Your report should include the following key elements:.

A brief description and overview of the topic selected. This section may include examples, case studies or vignettes from real life operations that are sourced from both the academic (e.g. journal papers, manuscripts) and non-academic (e.g. economist, business week etc.) literatures. Note, you may also decide to focus in on one key aspect of Lean Operations, one key sector, if you wish to.

An analysis of the topic regarding their contribution to the performance of operations. In particular, I expect to see a synthesis of empirical evidence that is available in the existing academic and practitioner literature. Please note that this evidence can be either quantitative or qualitative (I do not have a preference as long as the evidence is robust). Note, you may decide to focus on one key aspect of performance or multiple measures of performance.

Strong analysis may also include contextual factors. For example, you might find that the performance effect of lean (or some aspect of lean) is affected by firm size, country, organizational culture, customer characteristics, approach to implementation, etc. Your work could present evidence for this and a discussion of the reasons for the contingency effect.

A summary and conclusion based on your findings.

Sources:

Your analysis will be based on background reading and you should provide references from academic as well as practitioner articles to justify your assumptions and statements. Your reading could possibly include but not necessarily be limited to the following suggested Journals:

Journal of Operations Management

International Journal of Operations and Production Management

Journal of Supply Chain Management

Production and Operations Management

Sloan Management Review

Harvard Business Review

International Journal of Production Economics

International Journal of Production Research

…

Typically the more evidence the better, however, I would expect a minimum of 10 academic references to be used in this report. You may also find it helpful to read the Lean chapter in the core textbook as a start for this piece of work.

Consider the University Admission Process case description below In order to apply for admission, students first fill in an online form. Online applications are recorded in an information system to which all staff members involved in the admissions process have access. After a student has submitted the online form, a PDF document is generated and the student is requested to download it, sign it, and send it by post together with the required documents, which include: • certified copies of previous degree and academic transcripts • results of English language test • curriculum vitae • two reference letters When these documents are received by the admissions office, an officer checks the completeness of the documents. If any document is missing, an email is sent to the student. The student has to send the missing documents by post. Assuming the application is complete, the admissions office sends the certified copies of the degrees to an academic recognition agency, which checks the degrees and gives an assessment of their validity and equivalence in terms of local education standards. This agency requires that all documents be sent to it by post, and that all documents be certified copies of the originals. The agency sends back its assessment to the university by post as well. Assuming the degree verification is successful, the English language test results are then checked online by an officer at the admissions office. If the validity of the English language test results cannot be verified, the application is rejected (such notifications of rejection are sent by email). Once all documents of a given student have been validated, the admissions office forwards these documents by internal mail to the corresponding academic committee responsible for deciding whether to offer admission or not. The committee makes its decision based on the academic degrees and transcripts, the CV, and the reference letters. The committee meets once every three months to examine all applications that are ready for academic assessment at the time of the meeting. At the end of the committee meeting, the chair of the committee notifies the admissions office of the selection outcomes. This notification includes a list of admitted and rejected candidates. A few days later, the admissions office notifies the outcome to each candidate via email. Additionally, successful candidates are sent a confirmation letter by post. What steps can you extract from this process? Classify these steps into VA, BVA, and NVA.

1) Define each of the insurance terms

2) Which are the 4 four parts of Medicare? Explain each with 2-3 sentences.

3) What is Medicaid? Who is eligible?

4) State the three characteristics to each of the following health care systems: US, UK, and Canada.

Alex is resident of the UK for tax purposes. He lives in Australia and had $90,000 assessable income from Australian sources in 2019/2020. He does not have any allowable deductions.

Required:

a- What is Alex’s taxable income?

b- Calculate Alex’s tax payable.

The current spot exchange rate allows one to exchange £1 for JPY 140. The 10-year UK spot interest rate is 1.5% and the 10-year spot rate in Japan is 0.1%. What is the no arbitrage value of the 10-year forward exchange rate of Sterling for Yen?

if the inflation rate in the UK is higher than the inflation rate in the US by 3% according to the relative PPP theory, what is your prediction of the British pound FX rate in one year if the current spot rate is 1.20/BP (calculate future spot rate in one year)