Zachary is contemplating employing his cousin Sasha as a receptionist at Limelight Ltd. She will receive an annual salary of £17,900 and will be provided with a mileage allowance of 26p per mile for using her own bike to commute to work.

Requirement

Explain the tax consequences of the two issues described by Zachary. (UK Taxation)

23. With reference to ‘Automatic Fiscal Stabilisers’ (AFS)

Define what you understand by the term Automatic Fiscal Stabilisers and provide an explanation as to how ‘Automatic Fiscal Stabilisers’ may work within the UK economy. Outline any problems that may arise when automatic stabilisers begin to take effect.

David Jensen is a foreign exchange trader with Citibank who has access to $2,000,000 US or the UK pound (GBP) equivalent. He notices the following US dollar (USD) and UK pound (GBP) foreign exchange and interest rate quotes:

Required:

1. In the context of interest rate parity, under what conditions would an interest rate arbitrage be possible?
2. Show the steps David would need to take to realise an uncovered interest rate arbitrage profit and calculate the profit?
3. Discuss how a covered interest arbitrage strategy is different to an uncovered interest arbitrage strategy?

UK Services, LLC uses a process costing system. Raw materials are combined at the start of the process and blended and heated under pressure for a specific amount of time. The following information has been gathered from the 1^st quarter of 2020:

UK Services completed 93,000 gallons during the month. The process engineer informs you that the WIP was 30% complete at the beginning of the period and ending WIP is at 80% complete.

Required:
Prepare the Process Costing Report with the following items highlighted:

1. I/O Reconciliation
2. Costs of input
3. Equivalent units of production
4. Cost per equivalent unit of production (use 4 decimal places)
5. Cost of finished goods transferred out and cost of ending work-in-process inventory (use 0 decimal places)

I'm primarily interested in the last question put in Bold:

If the spot rate for British pounds is 0.6 pounds equals 1 US $, and annual interest rate on fixed rate one-year deposits of pounds is 3.25% and for US$ is 2.25%, what is the eighteen-month forward rate for one dollar in terms of pounds?

Assuming the same interest rates, what is the 36-month forward rate for one pound in dollars? Is this an indirect or a direct rate?

If the forward rate is an accurate predictor of exchange rates, in this case will the pound get stronger or weaker against the dollar? What does this indicate about the market’s inflation expectations in the UK compared to the US?

Assume you plan to buy 10 million pounds of UK consols and hold them for three years, using the information above what would be your hedged annual cash flow in dollars. What is a way you could hedge your exposure if you thought the $ would weaken?

Q1: What is the difference between a democracy and a developed democracy? give examples.

Q2: Why is the UK a developed democracy? Give evidence.

Q3: Why is the origin of democracy found in both Greece and Rome, even though Rome is not technically a democracy?

Q4: Why did the UK develop democratic institutions quicker than the rest of Europe?

Q5: Why can presidential systems lead to a greater likelihood of divided government? Give an example.

Q6: Why does the way a parliamentary system is set up distance the people from the executive and make it easier to pass legislation?

Q7: Why do post-modern values and post-industrial economies pose challenges to developed democracies? Give an example of each.

Q8: Why do SMD’s tend to create a two-part system in the governments that implement them?

Q9: Why do PR systems lead to more numerous and more disciplined parties

1a

A teacher gives a third grade class of n = 16 a reading skills test at the beginning of the school year. To evaluate the changes that occur during the year, students are tested again at the end of the year. Their test scores revealed an average improvement of M_D = 4.7 points with SS = 2160.

Are the test scores at the end of the year significantly higher than the test scores at the beginning of the year.

Perform a hypothesis test using repeated-measures t-test. Use a one-tailed test with α = .01.

The alternative hypothesis in words is

Group of answer choices

a)The test scores at the end of the year are significantly different from the test scores at the beginning of the year

b)The test scores at the end of the year are not significantly higher than the test scores at the beginning of the year

c)The test scores at the end of the year are significantly higher than the test scores at the beginning of the year

d)The test scores at the end of the year are not significantly different from the test scores at the beginning of the year

e)The null hypothesis in symbols is

1b)Group of answer choices

a)H0: µD= 0

b)H0: µD≠ 0

c)H0: µ1> µ2

d)H1: µD> 0

e)H0: µ1= µ2

f)H0: µD≤ 0

1c)The critical t-value is

1d)The t-statistic is

Your decision is

a)Fail to reject the null hypothesis because the t-statistic is not greater than the critical t-value

b)Reject the null hypothesis because the t-statistic is greater than the critical t-value

c)Reject the null hypothesis because the t-statistic is not greater than the critical t-value

d)Fail to reject the null hypothesis because the t-statistic is greater than the critical t-value

1e) Construct a 99% confidence interval to estimate the average improvement for the population of third graders.

The lower boundary is:

The upper boundary of the confidence interval you constructed in the previous question is:

If all the possible random samples with n = 16 scores are selected from a normal population with µ = 80 and σ = 20, and the mean is calculated for each sample, then the Expected Value of M is _____ and the Standard Error of M is _____?

a) 80, 20

b) 80, 5

c) 20, 20

d) 5, 80

1. Living things can only tolerate a limited range of conditions.

Describe two limits to animal life in general. For each limit

• give an approximate upper or lower bound.

• describe the physiological adaptations of one animal discussed in class that is able to survive closer to that boundary than most other animals can

• Explain in detail the mechanisms those adaptations use to allow life close to the limit