Badger Air is an all-cargo airline that operates on four continents. Its headquarters are in the United States. It has two divisions, Cargo and Maintenance. Cargo Division flies cargo to and from international locations, but does not operate services between two points outside the United States. That is, the planes fly to and from the United States only. Badger Air also has a maintenance facility located in Hong Kong and schedules its planes in such a way that most maintenance can be done there. In addition to Badger aircraft, Maintenance Division also provides services to Asian passenger and cargo air companies.

All of the Cargo Division income is deemed to be earned in the United States. Income from the Maintenance Division is deemed to be earned in Hong Kong. Badger’s income deemed attributable to the United States is taxed at a 40 percent rate. Its income attributable to Hong Kong is taxed at a 25 percent rate. Last year, Maintenance Division had operating revenues of $46 million, excluding services performed for Cargo Division aircraft. Cargo Division revenues last year were $135 million.

Operating costs of Maintenance Division were $36 million last year and operating costs for the Cargo Division, before considering maintenance costs, totaled $54 million. No similar maintenance facilities in Hong Kong are available to Badger.

Recently, a maintenance facility opened in the Philippines. That facility proposed to Cargo Division that it could conduct the maintenance in the Philippines. The facility proposed a price of $42 million for the services that Maintenance Division in Hong Kong provided to Cargo Division. Badger management estimated that had the services been provided in United States, the costs for the year would have totaled $74 million. In its latest tax filing, Badger assigned the $74 million as the appropriate transfer price Cargo paid for the services from Maintenance. The U.S. tax authorities denied that expense and instead applied $42 million dollars as the appropriate transfer price.

Required:

1. Calculate the revenues, costs, income taxes and total taxes for both Cargo Division and the Maintenance Division using the Philippines basis. (Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.)

2. Calculate the revenues, costs, income taxes and total taxes for both Cargo Division and the Maintenance Division using the U.S. basis. (Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.)

3. What is the difference in tax costs to Badger between the alternate transfer prices for maintenance services, that is, the difference between a transfer price of $42 million and $74 million? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

1.

During the Industrial Revolution, a series of accidents in Pennsylvania and Virginia coal mines, related to long hours, poor safety policies and low pay, caused workers to form one of America's first successful workers unions. Over a series of months, striking workers did not mine coal and mine-owners refused to negotiate. The stakes for Americans, who relied on coal for heat and as fuel for transportation grew as the strike went on. What was the eventual result of this event?

a. As coal became increasingly scarce, mine owners simply sold the mines to speculators and retired to Switzerland.

b. As coal became increasingly scarce in the United States, President Theodore Roosevelt became the first president in US history to force mine-owners to negotiate with the workers union, thereby securing more rights for the workers.

c. Nothing changed at the mines as owners refused to negotiate, until Charlie Chaplain gained the sympathy of the American voters through a series of progressive films.

d. Nothing at all changed. The descendants of the workers are still at the mines protesting for better working conditions and pay.

2.

The Spanish-American War, while initially helping Cuba to become independent from Spain, was really an opportunity for the United States to:

a. gain Cuba as a trading partner for American-grown corn.

b. destroy the Spanish cattle industry, thereby allowing the American cattle industry, which was centered in Chicago, to rise to world prominence.

c. take the Spanish territories of Puerto Rico, Guam, and the Philippines to use as refuling stations for American merchant ships heading to and from Asia.

d. convince Alaska to join the United States as a territory or "suffer the consequences."

3.

SELECT ALL THAT APPLY: Some of the reasons the United States finally entered WWI included:

a.The loss of Americans from the sinking of the Lusitania off the Irish coast, due to a German U-boat attack.

b.If the Allied Powers lost the war, America would lose a great deal of money invested in British and French forces.

c.If the Allies lost the war, America would no longer be able to purchase cotton from the French colonies in North Africa, which would destroy the American textile industry.

d. The German offer of an alliance to Mexico, which required Mexico to attack the United States. This was intended by Germany to keep the United States out of the war.

4.

The Triangle Shirtwaist Fire was one of the most publicized industrial tragedies of the 20th century, in which 146 workers were killed in a fire. Why did so many die in this incident?

a.The elevators did not have power going to them, due to a short in their electrical components that led to the fire in the first place.

b. Fire hoses on fire-trucks of the period could only reach 5 floors high, and this fire was mainly on the 8th floor.

c.The escape stairways were blocked by unrepaired railings.

d.The doors of the factory were locked to prevent workers from taking breaks or stealing scraps of cloth.

1. Suppose approximately 80% of all marketing personnel are extroverts, whereas about 55% of all computer programmers are introverts. (For each answer, enter a number. Round your answers to three decimal places.)

(a) At a meeting of 15 marketing personnel, what is the probability that 10 or more are extroverts?


What is the probability that 5 or more are extroverts?


What is the probability that all are extroverts?

(b) In a group of 4 computer programmers, what is the probability that none are introverts?


What is the probability that 2 or more are introverts?


What is the probability that all are introverts?

2.  Innocent until proven guilty? In Japanese criminal trials, about 95% of the defendants are found guilty. In the United States, about 60% of the defendants are found guilty in criminal trials. (Source: The Book of Risks, by Larry Laudan, John Wiley and Sons) Suppose you are a news reporter following ten criminal trials. (For each answer, enter a number.)

(a) If the trials were in Japan, what is the probability that all the defendants would be found guilty? (Round your answer to three decimal places.)


What is this probability if the trials were in the United States? (Round your answer to three decimal places.)

(b) Of the ten trials, what is the expected number of guilty verdicts in Japan? (Round your answer to two decimal places.)
verdicts

What is the expected number in the United Sates? (Round your answer to two decimal places.)
verdicts

What is the standard deviation in Japan? (Round your answer to two decimal places.)
verdicts

What is the standard deviation in the United States? (Round your answer to two decimal places.)
verdicts

3. A firm announced that it will pay a $0.10 dividend per share to holders of record as of Wednesday, July 29, 2020. Holding all else constant, the stock price will be lower by $0.10 per share at the opening of trading on

1. A) Monday, July 27, 2020

2. B) Tuesday, July 28, 2020.

3. C) Wednesday, July 29, 2020.

4. D) Thursday, July 20, 2020

5. E) The stock price will not be lower on any of the above days.

.

Page 3

4. XYZ Inc. plans to sell an asset for $21,000. The asset was acquired 5 years ago for $50,000 and was depreciated using the straight-line method with an expected life of 5 years. If XYZ’s tax rate is 21%, then the taxes owed on the sale will be:
:

A B C D E

5.

A B C D E

$2,000
$3,00
$4,100
$4,410
None of the above

Answer :

1) Company Name :

Year Start :

Founder Name :

Graph :-

(Graph must show the high and low point of Market Share/users)

2) Company Name :

Year Start :

Founder Name :

Graph :-

(Graph must show the high and low point of Market Share/users)

3) Company Name :

Year Start :

Founder Name :

Graph :-

(Graph must show the high and low point of Market Share/users)

1.

Support Department Allocations And Cost Drivers

Varney Corporation, a manufacturer of electronics and communications systems, allocates Computing and Communications Services Department (CCS) costs to profit centers. The following table lists the types of services and cost drivers for each service. The table also includes the budgeted cost and quantity for each service for August.

One of the profit centers for Varney Corporation is the Communication Systems (COMM) division. Assume the following information for COMM:

• COMM has 2,500 employees, of whom 20% are office employees.
• All of the office employees have been issued a smartphone, and 95% of them have a computer on the network.
• One hundred percent of the employees with a computer also have an email account.
• The average number of help desk calls for August was 0.6 call per individual with a computer.
• There are 400 additional printers, servers, and peripherals on the network beyond the personal computers.

a. Compute the service allocation rate for each of CCS’s services for August.

b. Compute the allocation of CCS’s services to COMM for August.

2. Analyze McDonald’s Corporation

McDonald’s Corporation (MCD) operates company-owned and franchised restaurants in over 100 countries. The company operates primarily as a franchisor with approximately 85% of its current restaurants operated by franchisees. McDonald’s goal is to franchise approximately 95% of its restaurants in the long term.

McDonald’s operations are divided into the following segments:

• United States: Restaurants throughout the United States
• International Lead Markets: Restaurants in Australia, Canada, France, Germany, and the United Kingdom
• High Growth Markets: Restaurants in China, Italy, Korea, Poland, Russia, Spain, and Switzerland
• Foundational Markets & Corporate: Restaurants not contained in the preceding segments plus corporate activities

McDonald’s believes that the High Growth segment has significant potential for rapid growth and expansion. Recent data (in millions) for the first three primary segments are as follows:

a. Determine the profit margin for each of the three segments. Round to one decimal place.

b. Determine the investment turnover for the three segments. Round to two decimal places.

c. Use the DuPont formula to determine the return on investment for the three segments. Round to one decimal place.

*NOTE*: Please show all work for this.

Thanks!

1.       United Parcel Service (UPS) provides package delivery services throughout the United States and the world. Discuss the impact of seasonal variations in the delivery business for forecasting the firm’s financing requirements.

2.       Dell Computer Corporation (DELL) has long been recognized for its innovative approach to managing its working capital. Describe how Dell pioneered the management of net working capital to free up resources in the firm.

Four themes of "An economic history of the United States":

long‐run economic growth

distributional issues

economic fluctuations

the scale and scope of government in the economy.

How would you apply it to US past, present, future?

In specific, do you think the passage of EMTALA in 1986 codified the notion that health care is a right and not a privilege in the United States? In what way do you think the passage of this law “changed everything” as the article hypothesizes?