Bank offers following type of saving accounts requiring initial deposit of PLN 1,000,000: * account A - compunding interest account offering 8% pa under quarterly compunding (incl. interest accrued quarterly) opened for 3 years, * account B - simple interest account opened for 3 years. What should be the rate offered for account B so that it would give the same amount of total interest (income) after saving account is closed?

Show work in Red and Explain answers.

Suppose CPI is as follows in each year:

Suppose in the year 2007 you are considering a job offer that pays $50,000 in 2007, plus a 10% (compounding) raise in each of the next three years.

Suppose in the year 2007 you are considering a job offer that pays $50,000 in 2007, plus a 10% (compounding) raise in each of the next three years.

1. What nominalsalary will you make in each year?

2. What will your real salary be in each year, using a 2007 base year?

3. What will your real salary be in each year, using a 2009 base year?

4. In what year was your real salary highest?                                 _________
5. Does your answer to 4 depend on the base year selected?        _________
6. Suppose instead your contract gave you $50,000 in 2007, plus a cost of living adjustment equal to the percentage change in CPI. Compute the nominal wage in each year.

7. In what years is this contract better than the original one?       _________

a)   Buyer A has entered into a contract for the sale of goods with Seller B. The contract provides that Seller B will deliver the goods on May 1, 2010. On May 1, 2010, Seller B informs A that it will not be able to perform the contract. Assume Buyer A was going to pay $3,000 for the goods under the contract with Seller B. Seller C will sell Buyer A the goods for $4,000 plus a transportation cost of $200. What remedies are available to A in this case?

b)   Buyer A has entered into a contract for the sale of goods with Seller B. The contract provides that Seller B will deliver the goods on May 1, 2010. On May 1, 2010, Buyer A informs B that it will not be able to perform the contract. Assume Buyer A was going to pay $3,000 for the goods under the contract with Seller B. Buyer C will buy the goods for $2,000. Additionally, during the time between the breach and Buyer’s C offer, it cost Seller B $500 to care for the goods. What remedies are available to B in this case?

c)   Buyer A has entered into a contract for the sale of goods with Seller B. The contract provides that Seller B will deliver the goods on May 1, 2010. On May 1, 2010, Buyer A informs B that it will not be able to perform the contract. Assume Buyer A was going to pay $3,000 for the goods under the contract with Seller B. The market price for the goods at the time of tender was $1,500. What remedies are available to B in this case?

Jill had made a capital loss of $1,000 in the 2017-2018 income year and had no capital transactions until now. Jill sells her holiday house on 1 January this year for $500,000. She bought the property on 1 January 2010. During her ownership period: she used the property as a holiday house for the first 2 years; then made it available for renting for the next 8 years. During these 8 years, the property was vacant for a total of 2 years. he has provided you with the following information: Description Date Amount Purchase of property 1 January 2010 $250,000 Deposit on signing of contract 1 January 2010 $50,000 Balance on settlement 11 March 2010 $450,000 Stamp duty on acquisition 11 March 2010 $5,000 Legal Fees on acquisition 11 March 2010 $1,000 Council rates p.a. 1 January each year $500 per year Real estate agent's commission on 1 January this year $2,000 sale Costs of advertising the sale 1 January this year $1,000 Calculate Jill's capital gain or capital loss for the year ended 30 June this year, using the CGT discount option. In your answer you must clearly identify the classification of the various amounts that form part of that calculation. Cite the relevant statutory provisions support vour calculation.

Tables 1 and 2 show the quantities of the goods that Suzie bought and the prices she paid during two consecutive weeks. Suzie’s CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie’s CPI market basket in Week 1 and in Week 2. What percentage of the CPI market basket is gasoline? Calculate the value of Suzie’s CPI in Week 2 and her inflation rate in Week 2.

Table 1 Data for Week 1

Item

Quantity

Price (per unit)

Coffee

11 cups

$3.25

DVDs

1

$25.00

Gasoline

15 gallons

$2.50

Table 2 Data for Week 2

Item

Quantity

Price (per unit)

Coffee

11 cups

$3.25

DVDs

3

$12.50

Gasoline

5 gallons

$3.00

Concert

1 ticket

$95.00

Use the following information to work Problems 4 and 5.

The GDP price index in the United States in 2000 was about 90, and real GDP in 2000 was $11 trillion (2005 dollars). The GDP price index in 2010 was about 111, and real GDP in 2010 was $13.1 trillion (2005 dollars).

Calculate nominal GDP in 2000 and in 2010 and the percentage increase in nominal GDP between 2000 and 2010.What was the percentage increase in production between 2000 and 2010, and by what percentage did the cost of living rise between 2000 and 2010?

In 2010 the Maricopa Community College District's enrollment data showed the following breakdown of students by ethnicity: 54.9% White; 21.1% Hispanic; 7.9% Black; 4.5% Asian/Pacific Islander; 2.9% Native American; 8.8% Other. Information was collected from a random sample of 300 students in 2017 to determine whether or not the data has changed significantly. The sample data is given in the table below. At the alph=0.05 level of significance, test the claim that the ethnic breakdown of students at MCCCD has not changed significantly since 2010.

Which would be the correct hypothesis for this test?

H0: u1 = u2; H1: u1 ≠ u2

H0: p1 = p2; H1: p1 ≠ p2

H0: The breakdown of students by ethnicity has not changed significantly since 2010 (i.e. the given distribution still fits); H1: The breakdown of students by ethnicity has changed significantly since 2010 (i.e. the given distribution no longer fits)

H0: The breakdown of students by ethnicity has changed significantly since 2010 (i.e. the given distribution no longer fits); H1: The breakdown of students by ethnicity has not changed significantly since 2010 (i.e. the given distribution still fits)

Ethnicity of students in sample:

White - 160

Hispanic - 89

Black - 25

Asian/Pacific Islander - 11

Native American - 15

Other - 0

Test Statistic:

______________

Give the P-value

_____________

On the 1st October 2016, K.J Limited issued bonds with a maturity date of 1st October 2028. One K.J bond has a face value of $100,000 and the coupon rate is 4.50% p.a. with interest payable half-yearly. Assuming the market yield is 6% p.a. calculate the value of one bond:

(a) on the 1st October 2020.

(b) five years before maturity.

(c) one year before maturity.

Please do NOT use excel. Please calculate using formulas. Please show detailed calculations & please show formulas.

The goal is to show that a nonempty subset C⊆R is closed iff there is a continuous function g:R→R such that C=g−1(0).
1) Show the IF part. (Hint: explain why the inverse image of a closed set is closed.)
2) Show the ONLY IF part. (Hint: you may cite parts of Exercise 4.3.12 if needed.)

Read the case. Then answer the questions based on it.

BACKGROUND: The term subsequent event refers to an event that occurs after the date of the audited balance sheet but prior to the date of the auditors' report. Subsequent events can be divided into two broad categories. The first are those that provide additional evidence about facts that existed either on or before the balance sheet date (Type 1 events). The second are those that involve facts that came into existence after the balance sheet date (Type 2 events). Type 1 events require adjustment to the financial statements while Type 2 events only require financial statement disclosure. Dillon & Company CPAs are auditing the financial statements of PDQ Manufacturing as of December 31, 2009. During the fieldwork of its audit (March 2010), the auditors noted the following situations: A major customer who owed PDQ $10,000 in accounts receivable (a material amount) filed for Chapter 7 bankruptcy. A warehouse where the customer stored some of its inventory for resale had a fire. Estimated damage could not yet be quantified. In addition, the company's board treasurer was killed in a tragic plane crash. Dillon & Company is now ready to issue its audit opinion.

1. What should Dillon & Company CPAs do as a result of the customer bankruptcy?

2. What type of subsequent event is the death of the board treasurer?

3. Does the death of the board treasurer require an adjustment to the 12/31/09 financial statements?

4. What should Dillon & Company CPAs do to adjust the financial statements for the fire in the warehouse?

Do you believe the long term potential damage to the US economy in terms of innovation and expertise is offset by the apparent gains in productivity due to offshoring?