Zeus S.A. is a Swiss corporation that has 1,000 shares of a single class of stock outstanding, of which 460 shares are owned by Jupiter Corp., a widely held U.S. corporation, and the remaining 540 shares are owned in equal amounts (i.e., 90 shares each) by 6 individuals who are U.S. citizens and who are not related to one another by family or business relationships.

(a) Is Zeus a controlled foreign corporation?

(b) If the facts are the same as in part (a), but the number of individual shareholders is reduced from 6 to 5 (owning 108 shares each), is Zeus a controlled foreign corporation?

(c) The facts are the same in part (a), except that one of the shareholders of Zeus is not an individual but a U.S. investment partnership which owns 90 shares of Zeus directly. One of the individuals who owns 90 shares of Zeus directly also owns a 5% interest in the profits and capital of the partnership. Is Zeus a controlled foreign corporation?

(d) If the facts are the same as in part (a), except that two of the individuals are husband and wife, is Zeus a controlled foreign corporation?

(e) Would the result change in part (d) if the wife is a nonresident alien?

(f) If the facts are the same as in part (a), except that two of the individuals are brother and sister, is Zeus a controlled foreign corporation?

(g) If the facts are the same as in part (a), except that one of the individuals also owns 50% of the stock of Jupiter Corp., is Zeus a controlled foreign corporation?

(h) Would the result change in part (g) if that individual owns 10% of the Jupiter Corp. stock?

(i) Would the result change in part (g) if that individual owns 5% of the Jupiter Corp. stock?

(j) The facts are the same as in part (a), except that of the 1,000 shares of Zeus stock outstanding, 410 shares are owned by Jupiter Corp. and 90 shares are owned by a U.S. citizen who also owns 3% of the shares of Juno B.V., a Dutch corporation that owns 500 Zeus shares. Is Zeus a controlled foreign corporation?

7.5 – The XYX Corporation has current liabilities of $130,000 with a current ratio of 2.5:1. Indicate whether the individual transactions specified next increase or decrease the current ratio or the amount of working capital and by how much and why in each case. Treat each item separately.

1. Purchase is made of $10,000 worth of merchandise on account

2. The company collects $5000 in accounts receivable.

3. Repayment is planned of note payable which is due in current period, with $15,000 cash from bank account.

4. The acquisition of a machine priced at $40,000 is paid for with $10,000 cash, and the lump-sum balance is due in 18 months.

5. The company conducts a sale of machinery for $10,000. Accumulated depreciation is $50,000, and its original cost is $80,000.

6. The company pays dividends of $10,000 in cash and $10,000 in stock.

7. Wages are paid to extent of $15,000. Of this amount, $3000 had been shown on the balance sheet as accrued (due).

8. The company borrows $30,000 for one year. Proceeds are used to increase the bank account by $10,000 to pay off accounts due to the supplier ($15,000) and to acquire the right patents ($5,000).

9. The company writes down inventories by $7,000 and organization expenses by $5,000.

10. The company sells $25,000 worth (cost) of merchandise from stock to customers who pay in 30 days. Company has a gross margin of 40 percent.

According to a Gallup poll in October 2015, having young children at home greatly influences whether women in the U.S. prefer to stay at home or work outside of it. More than half of women, 58%, who have a child younger than 18 would ideally like to stay home and care for their house and family, while 58% of those without young children would rather work outside the home. Having young children makes little difference in men's preferences, with close to three-quarters preferring to work regardless of their parenting status. Gallup states that their method has a margin of error of 0.031.

(a) Give a point estimate for the proportion of all US women with a child under 18 that would like to stay at home.


(b) Give an interval estimate for the proportion of all US women with a child under 18 that would like to stay at home. Use three decimal places in your answer.

(c) What is the difference between a point estimate and an interval estimate?

A)A point estimate only tells us the parameter​ value; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.

B) A point estimate only tells us the parameter​ value; an interval estimate also gives us a plausible range of values for the parameter.   

C) A point estimate only tells us the best guess for the​ parameter; an interval estimate is more likely to be close to the parameter than a single point.

D) A point estimate only tells us the parameter​ value; an interval estimate also gives us a plausible range of values for the statistic.

E) A point estimate only tells us the best guess for the​ parameter; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.

Question 29

Question text

Immoral management implies that decision makers know right from wrong, but choose to do wrong.

Select one:

a. True

b. False

Question 30

The basis of the employment-at-will doctrine is found in common law principles.

Select one:

a. False

b. True

Question 31

The critical factor in the success of codes of conduct is

Select one:

a. the level of precision in defining what is unacceptable behavior.

b. whether or not the codes become "living documents."

c. giving employees the chance for feedback before the document is adopted.

d. who wrote the document.

Question 32

Question text

Workplaces are democratic insofar as .

Select one:

a. companies are not arranged hierarchically

b. companies are not headed by a single individual

c. workers are represented in company decisions

d. companies are structured like democracies

. Determine the maximum deduction from AGI for 2019 for each of the fol-lowing taxpayers:
a. Selen is single and has itemized deductions for the year of $12,400. In ad-dition, Selen’s mother lives with her, but she does not claim her mother as a dependent.
b. Amanda and Adam are married. Amanda is 67 years old and is legally blind. Adam is 64 years old. They have itemized deductions of $25,800.
c. Micah and Ilana are married and have two children. In April, they have an argument and Micah leaves Ilana. At year-end, Ilana is unaware of Micah’s whereabouts, and no formal divorce proceedings have been initiated. Ilana’s itemized deductions total $14,000.
d. Constantino is divorced and maintains a home for his 25-year-old daughter, who is a graduate student at a local university and earns $6,800 during the year. His itemized deductions are $12,800.
e. Helen is 69 and a widow. Her 20-year-old grandson, who is a full-time student at the local university, lives with her for the entire year. Her husband, Sam, dies in 2018 at the age of 71. Her itemized deductions are $14,000.
f. Assume the same facts as in part e, except that Sam dies in 2019.

Harvard University is USA’s number one university in the 2020 Times Higher Education Impact Ranking. The university presently measures its performance by comparing its actual costs against its budgeted costs for the year. Given the university’s international status, it is currently facing stiff competition from both public and privately-owned universities in USA. At one of its executive meetings, a member in the finance department has suggested that Harvard needs to consider additional performance measures such as those indicated by the Balanced Scorecard.

Required:

1. Briefly elaborate on your understanding of the Balanced Scorecard and how the management of Harvard university can utilize this approach to performance measurement

2. Discuss two (2) non-financial indicators (from different perspectives of the balanced scorecard) that Harvard University could use for its performance evaluation.

1.) __________ have the capacity to locate a plethora of research, data, and information in a rapid period of time.

2.) There are an increasing number of health care consumers who initially seek health related information on the Internet. The term used to describe this individual is __________ .

3.) There is a global concern that not all populations or subpopulations have the resources and capabilities to utilize or benefit from communication using technology and Internet. This phenomenon is called __________ .

Who is Lael Brainard and why is he/she important with respect to the US banking industry?