Volta is an international manufacturer of electric cars, and plans for a worldwide launch of its cars in 2020. Before doing so, Volta has asked you to advise it as to the general law on intellectual property. Secondly, Volta wishes to patent its (first in the world and novel) clean energy engine in Malaysia. Can it do so?

a) Advise how Volta specifically can patent its its (first in the world and novel) clean energy engine. [10 marks] ( answer in essay form )

On January 5, 2020, Whispering Corporation received a charter granting the right to issue 4,600 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 45,800 shares of $10 par value common stock. It then completed these transactions.

Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.)

Prepare the stockholders’ equity section of Whispering Corporation’s balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.)

WHISPERING CORPORATION
Stockholders’ Equity

Crane Company estimates that 300,000 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.

It is estimated that direct labor hours worked each month will range from 20,000 to 26,000 hours.

During October, 20,000 direct labor hours were worked and the following overhead costs were incurred.

Fixed overhead costs: Supervision $7,000, Depreciation $5,500, Insurance $1,975, Rent $1,500, and Property taxes $1,000.

Variable overhead costs: Indirect labor $8,970, Indirect materials, $3,700, Repairs $1,960, Utilities $3,250, and Lubricants $1,240.

(a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,000 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.)

(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.)

What is the difference between the FED’s policy before the Great Recession and the FED policy after the Great Recession

What is the difference between the FED’s policy before the Great Recession and the FED policy after the Great Recession

During which phase(s) of the Moon is it possible to observe the Moon rising after Sunset but before Midnight

Last year, two friends Gear and Nogear invested in residential apartments. Each invested $1m of their own money (their net wealth).

Apartments cost $1m last year and they earned net rents of $30k pa over the last year. Net rents are calculated as rent revenues less the costs of renting such as property maintenance, land tax and council rates. However, interest expense and personal income taxes are not deducted from net rents.

Gear and Nogear funded their purchases in different ways:

Gear used $1m of her own money and borrowed $4m from the bank in the form of an interest-only loan with an interest rate of 5% pa to buy 5 apartments.

Nogear used $1m of his own money to buy one apartment. He has no mortgage loan on his property.

Both Gear and Nogear also work in high-paying jobs and are subject personal marginal tax rates of 45%. Assume that capital gains are taxed at the full 45% personal rate when the asset is sold.

Over the past year, house prices increased by 4%, before subtracting capital gains tax (CGT).

Gear and Nogear both sold their houses and Gear paid back all debt.

Which of the below statements about the past year is NOT correct? Note that m stands for million (10^6) and k stands for kilo (10^3).

Select one:

a. The net rental return on house assets before tax was 3% and after tax was 1.65% pa.

b. The net capital return on house assets before tax was 4% and after tax was 2.2% pa.

c. The interest rate on debt before tax was 5% and after tax was 2.75% pa.

d. The return on equity for Nogear before tax was 7% and after tax was 3.85% pa.

e. The return on equity for Gear before tax was 15% and after tax was 5.5% pa.

Last year, two friends Gear and Nogear invested in residential apartments. Each invested $1m of their own money (their net wealth).

Apartments cost $1m last year and they earned net rents of $25k pa over the last year. Net rents are calculated as rent revenues less the costs of renting such as property maintenance, land tax and council rates. However, interest expense and personal income taxes are not deducted from net rents.

Gear and Nogear funded their purchases in different ways:

Gear used $1m of her own money and borrowed $3m from the bank in the form of an interest-only loan with an interest rate of 3% pa to buy 4 apartments.

Nogear used $1m of his own money to buy one apartment. He has no mortgage loan on his property.

Both Gear and Nogear also work in high-paying jobs and are subject personal marginal tax rates of 45%. Assume that capital gains are taxed at the full 45% personal rate when the asset is sold.

Over the past year, house prices increased by 1%, before subtracting capital gains tax (CGT).

Gear and Nogear both sold their houses and Gear paid back all debt.

Which of the below statements about the past year is NOT correct? Note that m stands for million (10^6) and k stands for kilo (10^3).

Select one:

a. The net rental return on house assets before tax was 2.5% and after tax was 1.375% pa.

b. The net capital return on house assets before tax was 1% and after tax was 0.667% pa.

c. The interest rate on debt before tax was 3% and after tax was 1.65% pa.

d. The return on equity for Nogear before tax was 3.5% and after tax was 1.925% pa.

e. The return on equity for Gear before tax was 5% and after tax was 2.75% pa.

You are a union worker and are employed under a contract that freezes your wages for the next three years. Today, you read an article stating the rate of inflation will increase significantly in the next few years due to a rapidly growing money supply.

What two changes are you most likely to experience?

The impact of Personal Data Protection Act 2010 on banking industry & ways to manage the impact