Translation of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary maintains its books in the Canadian Dollar (CAD) as its functional currency. Following are the subsidiary’s financial statements (in CAD) for the most recent year:

The relevant exchange rates ($:CAD) are as follows:

For both parts a. and b. below, use a negative sign with answers to indicate a reduction.

a. Translate the subsidiary’s income statement, statement of retained earnings, balance sheet, and statement of cash flows into $US (assume that the BOY Retained Earnings is $553,612).

Round all answers in the "in US Dollars" column to the nearest dollar.

A basketball player's average number of points per game (PPG) for each of his seasons is given in the table below. Find the sample standard deviation of the average points per game made per season by the basketball player. (Round your answer to one decimal place.) Incorrect: Your answer is incorrect. PPG Season PPG 1984-85 33.4 1985-86 27.2 1986-87 29.4 1987-88 26.9 1988-89 20.4 1989-90 23.7 1990-91 30.1 1991-92 32.8 Season PPG 1992-93 27.1 1994-95 24.9 1995-96 33.2 1996-97 26.8 1997-98 22.7 2001-02 37.9 2002-03 34.4

Suppose you have the following data.

Let H be the number of new homes sold and let M be the conventional mortgage interest rate.

1. Find the sample mean of H and the sample mean of M.

2. Find the sample variance of H and the sample variance of M. Additionally, calculate the sample covariance of H and M.

3. Calculate the linear regression where H is the independent variable and M is the dependent variable.

4. Based on the linear regression from part b what variable affects the other and what type of numerical effect does it have?

The following data represent a company’s yearly sales volume and its advertising expenditure over a period of 8 years.

Year                            Sales (Y)                                  Advertising (X)

1989                            15                                                        32

1990                            16                                                        33

1991                            18                                                        35

1992                            17                                                        34

1993                            16                                                        36

1994                            19                                                        37

1995                            19                                                        39

1996                            24                                                        42

1. Develop a scatter diagram of sales versus advertising
2. Use the method of least squares to compute an estimated regression line between sales and advertising.
3. If the company’s advertising expenditure is $40, what is the predicted sales?
4. What does the slope of the estimated regression line indicate? (The relationship btw the variables)
5. Compute the coefficient of determination and interpret its meaning.
6. Compute the correlation coefficient.

In February 2012, the Australian Accounting Standards Boards decided at its meeting to propose the withdrawal of AASB 1031 Materiality. There were several reasons for this proposal which includes: there is no International Reporting Standard equivalent and it does not look like there will be, since 2005 there has been the gradual withdrawal of additional Australian guidance from a number of Australian Accounting Standards, and there is now an updated guidance on materiality in the IASB Conceptual Framework. The major impact of the withdrawal of AASB 1031 is the removal of the specific quantitative guidance for materiality. The withdrawal of AASB 1031 became effective to annual reporting beginning on or after 1 July 2015. REQUIRED: 1. Summarize the significant changes with AASB 1031 Materiality (issued by the Australian Accounting Standards Boards - AASB) from 1995 to 2015.

OPEN SKY

Mr. Jean-C. Lapierre and Mr. Jim Peterson, respectively Minister of Transport and Minister

for International Trade, announced today that the governments of 410 Part Four Businesses

and markets Canada and the United States have reached a transport agreement said to be

"open-air", which widens the scope of the agreement from 1995 and has promising

benefits. So, Canadian passenger and air cargo carriers will have better access to the large

American market, from where they may reach destinations in other countries; the pricing

rules will be relaxed for carriers Canadian and American; Canadian airports will have more

freedom to adopt measures to attract American carriers and offer better prices to

consumers.

"Certainly further liberalization of the Canada-US air transportation relationship will allow

the airlines of both countries to better meet the needs of travelers and freight forwarders,"

said Mr. Lapierre, "I am confident that "This agreement will help create new markets and

new services, lower prices and stimulate competition."

For Peterson, "the movement of people, goods and between Canada and the United States

plays a role crucial to the smooth running of our daily activities [...] The flexibility adopted

here, which goes far beyond eyes of 1995, will improve the functioning of NAFTA and

make North America more competitive. "

Transports Canada, 11 novembre 2005

a. Prior to the entry into force of the open skies agreement, Air Canada was the only

Canadian carrier that operated flights to the United States. What interests did the

company serve: its own or those of society?

b. Describe how price discrimination evolved in the air travel market after the

adoption of the open skies agreement and the entry of airlines offering discount

flights.

c. Explain what consequences the evolution of price discrimination - question (b} -

has had on the price and quantity of air travel.

Rocky Mountains Limited (RML) is a Canadian public company that sells hiking and outdoors equipment. Its controller provided you with the following information related to its 2019 tax year ended December 31:

RML’s controller pays her own personal taxes at the marginal rate of 26%, as she personally earns between $95,259 and $147,667 annually.

RML has permanent establishments in the United States, British Columbia, and Alberta. Its gross revenues and salaries and wages data have been allocated as follows:

Gross revenues exclude income from property not used in connection with the principal business operation of the corporation.

Please calculate the total federal tax payable by the corporation for the 2019 taxation year, considering any tax credits potentially available, as well. Show all calculations. You do not need to reference the handbook.

A Roman numeral represents an integer using letters. Examples are XVII to represent 17, MCMLIII for 1953, and MMMCCCIII for 3303. By contrast, ordinary numbers such as 17 or 1953 are called Arabic numerals. The following table shows the Arabic equivalent of all the single-letter Roman numerals:
M 1000 X 10
D 500 V 5
C 100 I 1
L 50
When letters are strung together, the values of the letters are just added up, with the following exception. When a letter of smaller value is followed by a letter of larger value, the smaller value is subtracted from the larger value. For example, IV represents 5 - 1, or 4. And MCMXCV is interpreted as M + CM + XC + V, or 1000 + (1000 - 100) + (100 - 10) + 5, which is 1995. In standard Roman numerals, no more than three consecutive copies of the same letter are used. Following these rules, every number between 1 and 3999 can be represented as a Roman numeral made up of the following one- and two-letter combinations:
M 1000 X 10
CM 900 IX 9
D 500 V 5
CD 400 IV 4
C 100 I 1
XC 90
L 50
XL 40
Write a Python code with a class to represent Roman numerals. The class should have two constructors. One named “toArabic” constructs a Roman numeral from a string like "XVII" to “seventeen” or "MCMXCV" to “one thousand nine hundred ninety-five”. It should throw an exception if the string is not a legal Roman numeral. The other constructor named “toInt” constructs a Roman numeral to an integer such as "XVII" to “17” or "MCMXCV" to “1995”. It should throw an exception if the integer result is outside the range 1 to 3999.

Q1 The highly contagious novel coronavirus SARS-CoV-2 also called coronavirus disease of 2019 (COVID-19) is a global health emergency of unprecedented proportions. The ongoing loss of life globally as well as the virus’ ability to spread rapidly through communities, has generated a need for significant changes to the foundations of the well and least developed countries. In the last few months, political leaders globally have been making new announcements to respond to COVID-19 impacts, on both people and the economy. These have been crucial steps to ensure public safety and financial stabilization. As it stands now, nobody knows how long this crisis will last, but we do know that when it finally recedes our world will look very different. This crisis has not just created new disasters, it has exposed the flaws of our existing system. Several leaders have done well including few female leaders like Taiwan’s president, Tsai Ing-wen; New Zealand’s prime minister, Jacinda Ardern; the German chancellor, Angela Merkel; and Denmark’s prime minister Mette Frederiksen. In the case of Ghana, the Ghanaian government has so far followed a step-by-step model, including initiating travel restrictions outside the country, restrictions on events and on places of social gathering including churches, schools, restaurants, theatres and gyms and now currently just lifted a 21-day partial locked down in two of the most affected regions in Ghana. Inequality in Ghana meant that now, in this time of deep need, we risk sacrificing the health and safety of vulnerable people for whom the social safety net has been weakened. Several proposals, both economic and health related are suggested to assist the entire nation. Health care workers and security personnel have become heroes. Government has been asked to show leadership in transforming or restoring the economy to one that works toward well-being for all as it takes steps to gradually relax the restrictions. It is believed that the brighter side to the crisis is the momentum and opportunity to shift our systems to prioritize our care and wellbeing in the long run.

a. Explain how decisional and informational roles of leaders can influence the effective management of the COVID-19 crisis in Ghana.

b. In the management of the health crisis, how can technical, human, and conceptual skills be relevant for the Minister of health to enable him rally around health workers?

c. The internal and external environment will cause changes for companies in Ghana (Large, Medium, and small-Scale Enterprises) during this crisis. Explain

d. Discuss two (2) ways by which transformational leadership style can be relevant to the management of the crisis at all levels of management. e. Explain four (4) ways by which scientific management play a role in the management of a modern crisis such as the COVID-19.