Consider the US and China who can both produce soya beans and mobile phones. In a year, the US can produce 80 billion tonnes of soya beans or it can produce 400 million mobile phones. In a year, China can produce 50 billion tonnes of soya beans or it can produce 400 million mobile phones.

1. Explain which country has the absolute advantage in soya beans production and which country has the absolute advantage in mobile phone production?

2. What is the US’ opportunity cost of producing 1 billion tonnes of soya beans? What is China’s opportunity cost of producing 1 billion tonnes of soya beans? Explain which country has the comparative advantage in soya beans production?

3. Explain which country should specialise in soya beans production and which country should specialise in mobile phone production?

d. What is the maximum (in terms of tonnes of soya beans) that the US would be willing to pay for China’s mobile phones? What is the minimum (in terms of tonnes of soya beans) China would accept for its mobile phones? Will they trade and if so, which country benefits from the trade?

By paying out a dividend, a company has that much less to continue its growth. From the investors standpoint, it can depend on individual preference on which is better: getting a dividend distribution that gives profit, or having the company reinvest all profits for future growth (even if that growth is currently slow) in the effort to continue to raise the stock price. Can the decision to apply the profit for future growth impact the stock price?​

5. Ulanda U. Lucky is an air traffic controller who is paid $14,000 per month. Use the FICA rate is 6.2% on the first $127,200 of earnings and the Medicare tax rate is 1.45% on all earnings.

1. How much FICA tax should be withheld from Ms. Lucky’s paycheck for the month of March?

                                                                                                                        ________________________

2. How much Medicare tax should be withheld from Ms. Lucky’s paycheck for the month of March?

                                                                                                                        ________________________

3. How much FICA tax should be withheld from Ms. Lucky’s paycheck for the month of October?

                        ________________________

4. How much Medicare tax should be withheld from Ms. Lucky’s paycheck for the month of October?

                                                                                                                        ________________________

For Questions 12 – 13, find the FICA and Medicare tax for each of the following self-employed people. Assume that none of them has earned over $127,200 for the year. Use a FICA rate of 12.4% and a Medicare rate of 2.9%.

6. Lois Steem is a self-employed assertiveness training coach. Her adjusted income is $19,500 for the first quarter.

1. FICA tax        ________________________

2. Medicare tax ________________________

7. The employees of the Hadley-Newham Funeral Home paid a total of $678.15 in Social Security tax, $158.60 in Medicare, and $21858 in federal withholding. Find the total amount the company should send the IRS.

Q1 (a) What is the significance of Marketing?

(b) “Marketing is both art and science.” Discuss.

(Please the Expert needs to submit a detailed answer which must be a standout in a very competitive MBA Marketing Class) .

Which of the following taxpayers may file as a head of household? Frank provides all the support for his mother, Betty, who lives by herself in an apartment in Fort Meyers. Frank pays the living expenses of his mother and properly claims his mother as a dependent. Sheila provides over one-half the support for her 18-year old younger brother, Mark. Mark earned $5,000 working at a fast food restaurant and is saving his money to attend college in the future. Mark lives in Sheila’s home. Jeff’s wife left him late in December two years ago. No legal action was taken and Jeff has not heard from her since she left. Jeff supported his 6-year-old son, who lived with him throughout the current tax year.

Jeremy earned $100,000 in salary and $6,000 in interest income during the year.

Jeremy’s employer withheld $11,200 of federal income taxes from Jeremy’s paychecks

during the year. Jeremy has one qualifying dependent child who lives with

him. Jeremy qualifies to file as head of household and has $23,000 in itemized

Deductions.

a) Determine Jeremy’s tax refund or taxes due.

b) Assume that in addition to the original facts, Jeremy has a long-term capital

   gain of $4,000. What is Jeremy’s tax refund or tax due including the tax on the

   capital gain?

15.9 For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock versus years with the firm.

x = 5 Years

    6
   12
   14
    6
    9
   13
   15
    9

y = 5 Shares

    300
    408
    560
    252
    288
    650
    630
    522

1. Determine the least-squares regression line and interpret its slope.

2. For an employee who has been with the firm 10 years, what is the predicted number of shares of stock owned?

For the data in Exercise 15.9, find the standard error of estimate, then construct the 95% prediction interval for the amount of stock owned by an individual employee who has been with the firm for 5 years.

Please construct the

1. The 95% confidence interval for x=10 for the average number of shares own for all the employees have 10 years of service with firm. 4 points

2. The 95% prediction interval for one employee who has 10 years service with the firm.4 points

Chris Guthrie was recently hired by S&S Air, Inc., to asset the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then.

S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that is sells primarily to individuals who own and fly their own airplanes. The company has two models: the Birdie, which sells for $103,000, and the Eagle, which sells for $178,000.

Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contast, a commercial airplane may take one and one-half to two years to manufacture once the order is placed.

Mark and Todd have provided financial statements (which are to the left and below). In addition, Chris has gathered the industry ratios for the light airplance manufacturing industry (below).

Questions:

1. Using the financial statements provided above, calculate each of the ratios listed in the industry table for S&S Air (all 14 of them).

2. Mark and Todd agree a ratio analysis can provide a measure of the company's performance. They have chosen Boeing as an aspirant (comparison) company. Would you choose Boeing as an aspirant company? Why or why not? There are other aircraft manufacturers S&S Air could use as aspirant companies. Discuss whether it is appropriate to use any of the following companies: Bombadier, Embraer, Cirrus Aircraft Corporation, and Cessna Aircraft Company.

3. Compare the performance of S&S Air to the industry, using the 14 ratios you calculated in part 1 and the industry table provided. For each ratio, comment on whether it would be viewed as positive or negative (favorable or unfavorable) to the industry and why.

All of us who live and work in New Jersey pay the price for fraud - in the loss of jobs and profit, lower wages and benefits, and higher costs for services and insurance premiums.  It affects workers and employers alike and is committed by workers and employers alike.”

Please discuss Worker’s Compensation Fraud. Research an article related to the topic and find at least one example of where there has been fraudulent behavior in a worker’s comp claim

A survey is done to estimate the proportion of US Adults who think that texting while driving should be illegal. In a survey, 82% of a randomly selected sample of 1025 individuals said that this should be illegal.

q1: A 95% confidence interval is construct to estimate the proportion, the STANDARD ERROR is 0.012. What is the margin of error?