The relationship between China and the United States is often in the news. To refresh your memory, here are four facts about the Chinese economy: 1. China manages its exchange rate with the dollar. 2. China runs a trade surplus with the United States. 3. The Chinese central bank owns a large number of U.S. Treasury bills. 4. Individual Chinese residents are not free to invest their savings in foreign countries as they would like. Any movement away from a managed exchange rate would probably include a relaxation of these restrictions.

Now evaluate the following claims below with three to five sentences for each. You should also feel free to use graphs or equations where appropriate. Your goal is to discuss why the claim is true, partially true, or not true at all.

i. “Cheap imports from China come a steep cost – lost jobs and lower wages for American workers.”

ii. “Over time, the Chinese government can maintain an unfair trading relationship with the United States by pegging its currency to the dollar at a low level.”

iii. “In the long run, if China continues to peg its currency to the dollar at an abnormally low value, it may incur a significant increase in its price level.”

iv. “The only way for the United States to close its bilateral trade deficit with China is to either raise national savings in the U.S. or reduce investment in new plant and equipment in the U.S.”

v. “Because China has a fixed exchange rate, it is unable to conduct discretionary monetary policy.”

vi. “If China stopped managing the value of its currency, the value of China’s currency would strengthen relative to the dollar and U.S. interest rates would rise.

Please answer all parts!!!!!

The relationship between China and the United States is often in the news. To refresh your memory, here are four facts about the Chinese economy: 1. China manages its exchange rate with the dollar. 2. China runs a trade surplus with the United States. 3. The Chinese central bank owns a large number of U.S. Treasury bills. 4. Individual Chinese residents are not free to invest their savings in foreign countries as they would like. Any movement away from a managed exchange rate would probably include a relaxation of these restrictions.

Now evaluate the following claims below with three to five sentences for each. You should also feel free to use graphs or equations where appropriate. Your goal is to discuss why the claim is true, partially true, or not true at all.

i. “Cheap imports from China come a steep cost – lost jobs and lower wages for American workers.”

ii. “Over time, the Chinese government can maintain an unfair trading relationship with the United States by pegging its currency to the dollar at a low level.”

iii. “In the long run, if China continues to peg its currency to the dollar at an abnormally low value, it may incur a significant increase in its price level.”

iv. “The only way for the United States to close its bilateral trade deficit with China is to either raise national savings in the U.S. or reduce investment in new plant and equipment in the U.S.”

v. “Because China has a fixed exchange rate, it is unable to conduct discretionary monetary policy.”

vi. “If China stopped managing the value of its currency, the value of China’s currency would strengthen relative to the dollar and U.S. interest rates would rise.

Please answer all parts!!!!!

Apple has the highest market capitalization in the United States. In the last analysis on the stock market, Apple was worth 816.54 billion dollars. Apple is trying to compete with Samsung to make the best phones in the marketplace. They are having some difficulty justifying their high prices and are beginning to lose market share on phones. Apple decides to make an agreement with Amazon where if you have an iPhone, you will get a 10 percent discount of any items that are bought on Amazon.com. Tim Cook, the CEO of Apple raves at the sales of iPhones going through the roof! He has increased the market capitalization of the company to 972 billion dollars. It is about to become the first trillion dollar company in the history of the United States. Such a deal like this has never been seen and the Justice Department has to decide on how Apple's actions can be construed under the Sherman Act or the Robinson-Pactman Act.

1. Is this an example of a violation of any Anti-Trust laws in the United States? If so which one and why?

2. Apple and Amazon are making huge profits under this arrangement. Is this a horizontal or a vertical agreement between the companies? How would your know?

3. Let us say that because of the arrangement, Apple and Amazon grow to be the largest companies in the United States. Samsung tries to join Alibaba to rival the Apple-Amazon partnership, however the agreement does not seem to be gaining any traction. The justice department cannot figure out why this agreement works so well in the US and not in other countries. Apparently, Apple has been promoting a culture where the purchase of items off of Amazon using the iPhone and its unique software and people are gravitating towards it. Is this success by Apple and Amazon Anti-Trust? Did the companies do anything wrong? What did they do wrong and why?

Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States. Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities. The Transaction closed on March 1, 20X8 (the “Closing”).

Additional Facts:

• Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000. • Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T. • Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

Required:

1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

1. Identify the issue (s).

2. List the alternatives in response to the issue (s) if there are any.

3. Identify and summarize the relevant professional pronouncements (ASC 805-10-55)

4. Explain how these pronouncements apply or relate

Case 18-1 Coffee Co.

Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States.

Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities.

The Transaction closed on March 1, 20X8 (the “Closing”).

Additional Facts:

• Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000.

• Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T.

• Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

  Required:

  1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

  2. How should Nature’s Beverage account for the acquisition, including the treatment of the transaction costs? (Note that the response will be dependent on the response to Question 1.)

Case 18-1 Coffee Co. Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States. Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities. The Transaction closed on March 1, 20X8 (the “Closing”). Additional Facts: • Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000. • Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T. • Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

Required:

1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

2. How should Nature’s Beverage account for the acquisition, including the treatment of the transaction costs? (Note that the response will be dependent on the response to Question 1.)

Which of the following best describes a cap-and-trade system?

he U.S. health care system tends to emphasize __________.

How is Medicaid funded?

What is the Superfund?

What is the potential for renewable energy to contribute to the U.S. energy supply in the foreseeable future?

Which statement accurately describes health care spending in the United States?

22.34 Lab 12 B FALL 2019 Python File I/O demo

Overview

This is a demonstration of File IO

Description

Read in a list of states from a file, and output those states in alphabetical order.

Provided input files

A single input file named states.txt is provided that lists the 50 states of the United States - one state per row. Some states have lowercase letters, where some begin with uppercase letters. As a reminder, lowercase letters come after uppercase letters alphabetically. The states are in a random order. The file has the following format:

Michigan
Alaska
New Mexico
Alabama
Nevada
...

Objectives

Write the following in main.py:

1. Open the states.txt file.
2. Create a list called ‘states’ where each element in the list is one of the states read from the file.
3. Print to the user (not to a file) an alphabetized list of all the states, with one state per line. For example,

Alabama
Alaska
Arizona
...

You are an international manager of a virtual team for a parent organization that is based in the United States. The team members are new to each other and only recognize names because of emails. Because the team members do not know each other, you must develop a plan to build trust among the team. Your task is to determine the native country profile of each team member. Then, determine the cultural challenges and benefits this team will face

Focus on the cultural relationships. The team consists of the following members:

1. Val – a Romanian citizen living in the United Kingdom

2. Aiko – a Japanese citizen living in China

3. Ming Tsai – a Chinese citizen living in Mexico

4. Ana Maria – a Colombian citizen living in Spain

5. Yourself – an American citizen living in the United States

Use critical thinking to apply depth and breadth. Be concise and address the countries and team members and the challenges and benefits the team will face. Go beyond description. Focus on cultural relationships.