3. What is the new "pass thru" tax deduction? Which entities does it apply to?

4. Do you think that by reducing the corporate tax rate it will help or hurt the United States?

Suppose the current exchange rate is $1.62/£, the interest rate in the united states is 4.5%, the interest rate in the United Kingdom is 4%, and the volatility of the $/£, exchange rate is 16%.

(a) Using the Black-Scholes formula, calculate the price of a six-month European call option on the British pound with a strike price of $1.60/£

The price of a six-month European call option is__________ $ (round to five decimal places).

Costco Wholesale Corporation owns and operates membership warehouses in the United States, Canada, United Kingdom, Mexico, Japan, Australia, and Spain. Costco also engages in retail operations through majority owned subsidiaries in Korea and Taiwan. The outside equity interests (not owned by Costco) in the Korean and Taiwanese subsidiaries are presented collectively as noncontrolling interests in Costco’s consolidated financial statements.

Access Costco’s 2015 10-K annual report and answer the following:

1. How does Costco present the noncontrolling interest in the following financial statements?

• Consolidated Balance Sheet

• Consolidated Income Statement

• Consolidated Statement of Other Comprehensive Income

• Consolidated Statement of Cash Flows

2.  Explain how Costco’s presentations of the noncontrolling interest reflect the acquisition method for consolidated financial reporting as a single economic entity.

If you take this sample and break into 2 samples, one for graduate degrees (MBA and MSE) and one for undergraduate degrees (BA and BSE), would you believe the populations have different GPAs?

1. What test would you perform?
   1. Z-test of a mean
   2. T-test of a mean
   3. T-test of 2 sample means
   4. Chi-square test
2. What is the value of the test statistic?
   1. 2.02
   2. 2.68
   3. 3.06
   4. 3.11
3. What is the p-value?
   1. 0.0074
   2. 0.0280
   3. 0.0373
   4. 0.0746
4. Based on a significance level of 0.05, would you reject or fail to reject and why?
   1. Reject because p < alpha
   2. Reject because p > alpha
   3. Fail to reject because p < alpha
   4. Fail to reject because p > alpha

John, an American engineer, arrived in Malaysia on a five year contract with a multi-national corporation based in Kuala Lumpur on 1 October 2008. His pattern of stay is as follows:

Dates                                                  Place of stay Number of days

1.10.2008- 31.12.2008                        in Malaysia 92

1.1.2009 - 31.1.2009                          in Malaysia 31

1.2.2009 - 14.2.2009                           in the United States

(visit family) 14

15.2.2009 - 31.7.2009                         in Malaysia 167

1.8.2009 - 7.8.2009                             in Singapore                             7

8.8.2009 - 31.12.2009                         in Malaysia 146

1.1.2010 - 31.1.2010                          in Malaysia 31

1.2.2010 - 31.5.2010                           in United Kingdom

(official) 120

1.6.2010 - 31.7.2010 in Malaysia 61

1.8.2010 - 30.10.2010                     in the United States

(official) 91

31.10.2010- 31.12.2010 in Malaysia 62

1.1.2011 - 30.4.2011                          in Tokyo

(official) 121

1.5.2011 - 31.7.2011                          in Malaysia 92

1.8.2011 - 31.12 2011                        in the United States

(official) 153

1.1.2013 -1.5.2013                             Malaysia 121

1.1.2014 - 28.2.14                               Malaysia 60

Mr Edison’s wife became seriously ill with cancer in July 2009 and had to go for treatment in Singapore in August 2009.

He terminated his contract prematurely and left Malaysia for good on 28 February 2014 to the United States as he wanted to spend more time with his wife and family.

Required:

Determine the residence status of John Edison for the years 2008 to 2014.   

P/s : EXAMPLE ANSWER WILL BE IN TABLE LIKE I HAVE PREPARED BELOW . THANK YOU .

AC312 – Tax Research Memo #2 You provide tax consulting services for Oh Gnome You Didn’t, Inc. (“Gnome”), a C-corporation that designs and constructs whimsical gnome gardens for its clientele. On May 25th, 2018, Gnome acquired substantially all the business assets of an unrelated company named You Better Duck, Inc. (“Duck”). Duck bathed and groomed pet ducks prior to Gnome’s acquisition of its assets. It is well-known that 75% of duck aficionados own a gnome garden because ducks love to quack up at the funny-looking gnomes, so this was a very strategic business decision for Gnome. The transition was seamless, and no duck was forced to stay unkempt for a moment. Gnome paid $1,725,000 to acquire Duck’s assets, of which $690,000 was allocated to tangible assets and the remaining $1,035,000 of the purchase price related to Duck’s intangible assets. Your friend Millie who also happens to be Gnome’s CFO has provided the following table for you to reference that itemizes the purchase and computes the 2018 GAAP expense associated with the acquired assets: Asset Description Adjusted Basis Cost Allocation Method – GAAP 2018 GAAP Expense Duck bathing and grooming equipment $690,000 Depreciate over 48 months, beginning with June 2018 $690,000/48 months * 7 months in 2018 = 100,625 3-year exclusive supplier agreement with Ducks ‘R Us 93,000 Amortize over 36 months, beginning with June 2018 $93,000/36 months * 7 months in 2018 = 18,083 Patent for the Clean “Bill” of Health bathing process invented by Donald, Duck’s founder (expires in 16 years) 25,000 Amortize over 192 months, beginning with June 2018 $25,000/192 months * 7 months in 2018 = 911 2-year Employment Agreement with the #1 duck whisperer in the known universe 260,000 Amortize over 24 months, beginning with June 2018 $260,000/24 months * 7 months in 2018 = 75,833 Goodwill 657,000 Not amortizable Not Applicable Total Cost of Acquired Assets $1,725,000 2018 GAAP Depreciation & Amortization Expense for Acquired Assets $195,452 Continued next page… AC312 – Tax Research Memo #2 (continued) Millie would like to know the 2018 tax expense amount that will be reported on Gnome’s income tax return with respect to the acquired assets. She has asked you to compute the allowable 2018 tax depreciation and tax amortization expense amounts and would like you to summarize your results using the partially completed table below. Millie believes that Gnome’s 2018 income tax return is likely to be audited by the IRS, so she has requested you document your findings in a professional tax research memo using proper citations to substantiate your cost allocation method conclusions for each type of asset. Asset Description Adjusted Basis Cost Allocation Method – Tax 2018 Tax Expense Duck bathing and grooming equipment $690,000 3-year exclusive supplier agreement with Ducks ‘R Us 93,000 Patent for the Clean “Bill” of Health bathing process invented by Donald, Duck’s founder (expires in 16 years) 25,000 2-year Employment Agreement with the #1 duck whisperer in the known universe 260,000 Goodwill 657,000 Total Cost of Acquired Assets $1,725,000 2018 Tax Depreciation & Amortization Expense for Acquired Assets $??? Expert Answer

A beginning statistics student claims that he finally understands the meaning of the p-value. When asked to summarize his newly acquired knowledge, he states: "The p-value gives the probability that the null hypothesis is correct." Explain why are agree or disagree.

How do I create a choropleth map of the United States where there are two maps. One that shows the states and one that shows the counties, in Rstudio, from the beginning. When I hover a state or county the border should be highlighted and the name of the state/county displayed.  

I need to do this so that I can display the COVID-19 data that I have.

What laws work to prevent a monopoly in the United States economy? Which federal agencies can block a merger? Discuss a recent example. Do you think this was a good or bad decision for consumers?