Determine where the following situations would enter into a capital or current account , and whether as a debit(-) or credit(+) on the balance of payments in Jamaica.

(a) purchases of cars and computers from Germany

(b) A Jamaican who is working in Jamaica and living in Jamaica has opened a bank account in Miami transferring US 8,000 into it

(c) A grant given to the Venezuela by the Government of Jamaica

(d) A money gift sent by a Jamaican working in Canada to his brother in Jamaica

2. Comments of Balance of Payment deficit .

(2)

1.How do peoples psychological make up relate to disorders such as cancer and heart disease?

2.What is the greatest preventable cause of death in the US and why is this so?

3.Who should be overseeing your health care?

4.List 2 things which may limit one's health care and 2 things which may make it more sucessful.

This is all from chapter 11. Essentials of understanding psychology by Robert Feldman 12th edition.

1. What is the opportunity cost of holding cash? To answer the question, you should think of others ways to hold your money other than cash.

2.Most of us occasionally engage in barter. For example, I agree to bake a cake for a neighbor who gives me fresh tomatoes from her garden. If it is common, why isn't it the primary means of exchange?

3. Thinking about the examples of commodity monies , which do you think was the most practical? Why?

High in the Rocky Mountains, a biology research team has drained a lake to get rid of all fish. After the lake was refilled, they stocked it with an endangered species of Greenback trout. Of the 2000 Greenback trout put into the lake 900 were tagged for later study. An electroshock method is used on individual fish to get a study sample. However, this method is hard on the fish. The research team wants to know the smallest number of fish that must be electroshocked to be at least 90% sure of getting a sample of two or more tagged trout. Please provide the answer. For more studies similar to this one, see A National Symposium on Catch and Release Fishing, Humboldt State University.

High in the Rocky Mountains, a biology research team has drained a lake to get rid of all fish. After the lake was refilled, they stocked it with an endangered species of Greenback trout. Of the 2000 Greenback trout put into the lake 600 were tagged for later study. An electroshock method is used on individual fish to get a study sample. However, this method is hard on the fish. The research team wants to know the smallest number of fish that must be electroshocked to be at least 60% sure of getting a sample of two or more tagged trout. Please provide the answer. For more studies similar to this one, see A National Symposium on Catch and Release Fishing, Humboldt State University.

High in the Rocky Mountains, a biology research team has drained a lake to get rid of all fish. After the lake was refilled, they stocked it with an endangered species of Greenback trout. Of the 2000 Greenback trout put into the lake 800 were tagged for later study. An electroshock method is used on individual fish to get a study sample. However, this method is hard on the fish. The research team wants to know the smallest number of fish that must be electroshocked to be at least 80% sure of getting a sample of two or more tagged trout. Please provide the answer. For more studies similar to this one, see A National Symposium on Catch and Release Fishing, Humboldt State University.

Clothing manufacturing is among the most controversial industries in the world. During the past 20 years or so, much greater attention has been paid to how and where our clothes are made, particularly in light of tragedies such as the blaze that tore through a garment manufacturing facility in Bangladesh in 2012, killing 117 people – a factory that supplied clothing to American retailers including Walmart and Sears. Considering greater awareness about the use of sweatshops, demand for ethically made clothing has soared in recent years, a trend that has given rise to dozens of companies that want to change how we make and view clothing, including Ivorlane. Founded in 2010 by Michael Sussman, Ivorlane is boldly committed to ethical manufacturing. All Ivorlane’s garments are made in factories that meet the most stringent quality standards – not only in terms of the clothes themselves, but also in how workers are treated. Ivorlane only partners with manufacturers that demonstrate a strong commitment to their workers’ welfare, a fact the company prides itself upon in its marketing material. it tells its brand story, including how the company champions the rights and well-being of the workers who make its clothes. What’s interesting about Ivorlane, though, is its commitment to radical transparency.

4. Provide three examples of why Ethics is central to any company’s role.

5. Provide three examples of why without ethics problems in a company can last for generations.

6. In your opinion, what is the unit in the organization that can enforce ethics in daily practices.

Newsoft is a computer software company that is setting up a new program design facility in a nation that the company has not had any relationship with before. Yusuf is the Human Resource manager for the entire company. He is considering two different candidates to be the Operations manager of the new facility, Maria (who is a woman) and Raj (who is a man). Maria is better qualified than Raj for this new opportunity and is Jared’s preferred choice. Jared then learns from the Property manager, who has just returned from building the new facility, that this nation has a culture and laws that favour males in the workplace. Yusuf realizes that if he chooses Maria to be the new Operations manager, he will certainly be altering local customs and possibly violating the law. Who should Yusuf send to be the Operations manager of the new facility? [Who should Yusuf send if the local customs and laws promoted a particular race and Raj was a member of that race? Who should Yusuf send if the local customs and laws promoted right-handed people and Maria was left-handed?]

Top Quality Food Ltd. (TQF) is a medium-sized private food-processing company founded more than twenty years ago by Ray Smith. TQF is located in Newmarket and mainly provides frozen chicken, pork, and beef products to grocery stores and restaurants in the greater Toronto area and its surroundings. Ray is the CEO and sole common shareholder of the company. In recent decades, consumers pursue healthy lifestyle and tend to eat less meat but more fruits and vegetables. In noticing this market trend, Ray decided to add a new product line to produce frozen fruits. Ray approached Meridian Credit Union in early 2020 for a long-term loan to finance its planned new product line. After carefully reviewing TQF’s business plan, Meridian agreed to finance the purchase of new equipments for the new product line in processing and packaging frozen fruits, and the new equipment will be used as the loan collateral. Meridian also imposes a debt to equity ratio of not more than 1 to 1 for the loan, and requires audited financial statements from TQF every year. Ray agreed to satisfy all of Meridian’s requests, and in the fall of 2020, he hired Sherman LLP as the auditor for TQF. As a staff accountant of Sherman, your supervisor asked you to take care of the TQF account. December 31, 2020 will be the first year end which TQF will be audited. TQF’s earnings in recent years have averaged $ 300,000. In a recent meeting with Ray, he asked you to comment on the relevant accounting policies regarding the transactions which you have noted below:

1. Ray used the money from issuing preferred share (as stated in 6b above) to help finance a $ 120,000 acquisition of common shares in Spring Farm (SF) that produces blueberry, strawberry, peach and cherry. TQF will now own 25% of SF. SF will be a primary supplier of those fruits mentioned above for TQF’s new product line. Ray explained: “this vertical integration is critical for the growth of our business! Otherwise I will have to pay about $ 10,000 more if I buy from other suppliers. This deal is a big help with cash flow, and it also helps us to secure the supply which can be volatile depending on the weather.”

1. The parties who are bound by a company's articles are: the company who is bound to the members, the members who are bound to the company and the members who are bound to the other members in their capacity as members.

True

False

2.

Amy is the promoter of Enrich Ltd. Before the company is incorporated, she enters into a contract purportedly on behalf of Enrich Ltd with Comicon PLC. After the certificate of incorporation is issued, the contract is breached. Who is liable?

Amy

Comicon PLC

Enrich Ltd

3.

A company can confirm a pre-incorporation contract by performing it or obtaining benefits from it

True

False

4.

An accountant or solicitor acting in their professional capacity during the registration of a company may be deemed a promoter.

True

False

5.

A pre-incorporation contract is a contract made in a company's name before it is formed. Companies are bound by such contracts as they do not exist when the contracts are made

True

False