Question: Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countrie...

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Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countries I BRICS is an acronym for the association of the economies of Brazil, Russia, India, China and South Africa and BRIC is a similar acronym excluding South Africa. Mweleco FX Pty LTD, a foreign exchange trading company based in Johannesburg, has been contracted by a hypothetical Namibian Stock Exchange (NSE) to examine the historical relationship between the Rand(as a proxy for the Namibian Dollar- N$), currencies of the BRIC countries and the US Dollar from April 9, 2006 to March 27, 2011. Issues of interest to the NSE are: • The historical volatility (risk) between the currencies of the BRIC currencies, South African Rand and the US dollar during the period; Project Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countries II • The relationship between BRICS currencies. You are required to provide a brief report (Minimum 4 pages and maximum 8 pages (including tables, figures, references etc.) to the NSE covering the following:

(a). A brief introduction of the study;

(b). Brief literature review on general issues around currency volatility (risk) and returns;

(c). Relationship(s) between the South African Rand, US Dollar and the sampled currencies of BRIC countries and whether the relationship(s) can be, predictably, explored;

(d). Brief discussion of the empirical findings from the study;

(e). Conclusion and some recommendations to the NSE.

Louis, a French citizen, wants to loan money to a related US entity that will be purchasing real estate in Boca. If he sets up a French company, then the interest income will be taxed at a high rate. He hears that Switzerland taxes interest at a very low rate. So, he sets up a Swiss company which in turn loans the money to the Boca entity.

What is the withholding rate on interest and dividends under the US-Swiss treaty? What's the rate under the US-France income tax treaty?

Can Louis take advantage of the US-Swiss treaty?

You may want to take a look at the Treasury Technical explanation that can be accessed at the beginning of every article in the treaty.

A&B (two individuals) wants to organize an entity to combine their two businesses. Assume the business will average $1 million of taxable income from the combined businesses. What entity would you advise your client to form? Please include in your discussion a compare and contrast of the different forms of business regimes including a discussion of a corporation, an S corporation, partnership and a limited liability company. Also, include in your discussion the different tax consequences between the different types of entities including which of these regimes requires the business entity to pay tax on the income earned and which of these regimes requires the entity owners to pay tax on the income earned by the entity.

Discuss the short term vs. long term benefits / detriments of each form of business regime.

Comprehensive analysis of Wal-Mart and Target, compute the four ratios; current ratio, quick ratio, liabilities to equity, times earned.

Current Ratio                                 2018        2017

Walmart                                        0.75:1     0.86:1

Target                                           0.95:1     0.94:1

Quick Ratio                                  2018        2017

Walmart                                       0.20:1     0.21:1

Target                                          0.29:1     0.28:1

Total liabilities to equity            2018          2017

Walmart    1.62times 1.55times

Target 2.33times 2.41times   

Times interest earned                      2018              2017

Walmart                                     7.490.5times   9.659.5times

Target                                         6.475.5times 4.949.5times

-          Which company is more liquid? More solvent?

-          Compare the liabilities to equity ratio, do they differ from the each other and the industry? why?

-          Do the ratios change over time? Why?

How can bias change results in a study? How can buy us influence a person who wants to conduct a study? What key things can you look for when conducting a study to eliminate bias?

Monetary authority

            Give the arguments for having one central monetary authority.

            Who (what) puts money in or pulls money out of the US Economy?

            How do they do this?

            How is money created?

            Explain the money multiplier.

The demand curve for TVs in the US is given by Q = 80 – P, where Q indicates the number of TVs purchased and P is the price. Suppose that there are no TVs produced in the US, but they can be imported either from Mexico or from the rest of the world. The price of TVs in Mexico is $10, and the price from the lowest‐cost supplier in the rest of the world is $5. In each case, TVs are produced with a horizontal supply curve, so these prices are fixed and will not change with changes in US policy. The US MFN tariff on TVs is a specific tariff in the amount of $10 per unit imported. a) If there is no PTA, so that every country must pay the same tariff, from where will US consumers import their TVs, Mexico or the rest of the world? Compute the equilibrium price of TVs in the US, the quantity imported and consumed, and US consumer surplus, tariff revenue, and social welfare. b) Now, suppose that the US and Mexico sign a free‐trade agreement that eliminates the tariff on TVs from Mexico, but leaves the tariff on TVs from the rest of the world unchanged. How will the equilibrium change? Answer the same questions as in a) under the new policy regime. c) Identify the welfare change due to trade creation and the welfare change due to trade diversion, and draw them on a carefully‐marked graph with the equilibrium prices and quantities before and after the free‐trade agreement marked. Does this trade agreement raise or lower US welfare?

The Cash account of Guard Dog Security Systems reported a balance of $2,540 at December 31​, 2024. There were outstanding checks totaling $400 and a December 31 deposit in transit o f$100. The bank​ statement, which came from Park Cities​ Bank, listed the December 31 balance of $3,340. Included in the bank balance was a collection of $510 on account from Brendan Ballou​, a Guard Dog customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Guard Dog earned on its bank balance. Prepare Guard Dog​'s bank reconciliation at December 31.

Guard Dog Security Systems

Bank Reconciliation

December 31, 2024

Many physics papers now have dozens of authors per paper. Experimental physics may have multi-organizational and multi-country contributing staffs, but I'd guess that most of the names don't contribute a word or equation to a paper, yet they get individual authorship credit. My question is who determines the author list, does everybody listed have editing privilages, and perhaps most importantly, who decides on their listed order?   

Quest for Wisdom

Please write a one page double spaced response to Oscar Wilde’s insight that it is “through art and through art only, that we can shield ourselves from the sordid perils of actual existence.” Art according to Wilde protects us from the Real, from the actual, by transporting us into the virtual. Art provides us with a world of antiseptic safety. Art for Wilde is preferable to life because, “We weep but are not wounded. We grieve but our grief is not bitter.” Art for Wilde transforms the real into the virtual. Is it not the other way around, namely that art must force us to confront the real. Can Art can heal us when it forces us to confront our fictions?