Imagine that there are only two countries in the world: America and China. Each country produces and consumes two goods – a tradable good (T) and a non-tradable good (NT). The production of these goods involves the use of labour, but no other resources are used in the production process. This is of course a ridiculous assumption, but it is one we will make for the purposes of this assignment. There are perfectly competitive markets for the non-tradable good (NT) in each country, but no trade in this good between the countries. There is a perfectly competitive global market in the traded good (T). Labour is homogeneous within America. An hour of labour produces 10 units of the traded good (T) or 5 units of the non-traded good (NT) in America. Labour costs are 10 dollars (USD) an hour in America. Labour is also homogenous within China. An hour of labour produces 5 units of the traded good (T) or 5 units of the non-traded good (NT) in China. Labour costs are 10 yuan (CNY) an hour in China.

Suppose that over time the productivity per hour of labour in China in the tradable good industry increases to 10 units of T, while the other three productivity figures do not change. What will happen to the real exchange rate? (1 mark)

Date Company 1 Company 2 Company 3 Jan-19 107 111 102 Feb-19 105 124 112 Mar-19 113 102 121 Apr-19 121 102 116 May-19 120 120 125 Jun-19 123 107 125 Jul-19 120 122 120 Aug-19 112 100 109 Sep-19 106 108 121 Oct-19 100 113 122 Nov-19 124 122 100 Dec-19 101 110 102 Jan-20 95 75 74 Feb-20 90 71 70 Mar-20 101 51 73 Apr-20 101 64 73 1)

1.Perform a regression analysis and determine what is the expected ouput for Company 1 in May-20 2)?

Perform an ANOVA to determine if the means are significantly different from each other or not. Set up Hypothesis and state whether you accept or reject it.

5. Total sales of ABC Corp. are $ 100 M and net income is $ 11,5M. The manager thinks eliminating the group marginal customers that constitutes the 10% of the total sales, will increase. Distributing the incomes and expenses of the Company between the marginal customers and credible customers based on income statement, indicate whether the company should eliminate marginal customers or not.

Percentage of sales total fixed variable

Cost of sales (%) 70 - 70 Overhead cost (%) 15 8 7

Collection exp.(%) 1 - 1

Other exp. (%) 2.5 2 0.5

1A)

Exhibit 8-1 Quantity and total revenue data for a firm

Exhibit 8-1 indicates that this firm is operating in which type of market structure?

1B)

Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? Why?

Gibson Corporation makes custom-order furniture to meet the needs of persons with disabilities. On January 1, 2018, the company had the following account balances: $88,000 for both cash and common stock. In 2018, Gibson worked on three jobs. The relevant direct operating costs follow: Direct Labor Direct Materials Job 1 $ 4,300 $ 5,300 Job 2 2,100 2,200 Job 3 8,400 3,700 Total $ 14,800 $ 11,200 Gibson’s predetermined manufacturing overhead rate was $.40 per direct labor dollar. Actual manufacturing overhead costs amounted to $5,672. Gibson paid cash for all costs. The company completed and delivered Jobs 1 and 2 to customers during the year. Job 3 was incomplete at the end of the year. The company sold Job 1 for $16,100 cash and Job 2 for $8,100 cash. Gibson also paid $3,300 cash for selling and administrative expenses for the year. Gibson uses a just-in-time inventory management system. Consequently, it does not have raw materials inventory. Raw materials purchases are recorded directly in the Work in Process Inventory account. Required Record the preceding events in a horizontal statements model. The first row shows beginning balances. Record the entry to close the amount of underapplied or overapplied overhead for the year to Cost of Goods Sold (in the expense category) in the horizontal financial statements model. Determine the gross margin for the year.

On January 1, 2012, Morgan Company acquires $300,000 of Nicklaus, Inc., 9% bonds at a price of $2... On January 1, 2012, Morgan Company acquires $300,000 of Nicklaus, Inc., 9% bonds at a price of $278,384. The interest is payable each December 31, and the bonds mature December 31, 2014. The investment will provide Morgan Company a 12% yield. The bonds are classified as held-to-maturity.

(a) Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method

(b) Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective interest ethod

(c) Prepare the journal entry for the interest receipt of Dec 31,2013 and discount amrtization under staright line method

(d) Prepare the journal entry for the interest receipt of Dec 31,2013 and discount amrtization under effective interesmethod

During mid-January 2004, average gas concentrations measured in Cache Valley were:

ammonium (NH4) = 16 µg/m^3

nitrate (NO3) = 45 µg/m^3

NH4 + NO3 = NH4NO3 (s)

a) Is NH4 or NO3 the limiting factor for the formation of NH4NO3? Explain using appropriate calculations.

b) Calculate the average NH4NO3 concentration (µg/m^3) based on these concentrations.

c) If we could reduce ammonium emissions by 15% by changing the composition of cattle feed, but nitrate remained the same, calculate the average NH4NO3 concentration (µg/m^3).

d) If we could reduce nitrate emissions by 15% through a vehicle inspection program, but ammonia remained the same, calculate the average NH4NO3 concentration (µg/m^3).

e) Based on your answers to part c) and d), which pollutant (NH4 or NO3) should we target first?

PS. This is an environmental engineering.

Capwell Corporation uses a periodic inventory system. The company's ending inventory on December 31, 2018, its fiscal-year end, based on a physical count, was determined to be $338,000. Capwell's unadjusted trial balance also showed the following account balances: Purchases, $740,000; Accounts payable; $270,000; Accounts receivable, $285,000; Sales revenue, $920,000.

The internal audit department discovered the following items:

Goods valued at $44,000 held on consignment from Dix Company were included in the physical count but not recorded as a purchase.

Purchases from Xavier Corporation were incorrectly recorded at $64,000 instead of the correct amount of $46,000. The correct amount was included in the ending inventory.

Goods that cost $37,000 were shipped from a vendor on December 28, 2018, terms f.o.b. destination. The merchandise arrived on January 3, 2019. The purchase and related accounts payable were recorded in 2018.

One inventory item was incorrectly included in ending inventory as 220 units, instead of the correct amount of 1,600 units. This item cost $50 per unit.

The 2017 balance sheet reported inventory of $472,000. The internal auditors discovered that a mathematical error caused this inventory to be understated by $74,000. This amount is considered to be material. Comparative financial statements will be issued.

Goods shipped to a customer f.o.b. destination on December 25, 2018, were received by the customer on January 4, 2019. The sales price was $52,000 and the merchandise cost $28,000. The sale and corresponding accounts receivable were recorded in 2018.

Goods shipped from a vendor f.o.b. shipping point on December 27, 2018, were received on January 3, 2019. The merchandise cost $30,000. The purchase was not recorded until 2019.

Required:
1. Determine the correct amounts for 2018 ending inventory, purchases, accounts payable, accounts receivable, and sales revenue.
2. Calculate cost of goods sold for 2018.
3. What was the effect of the error in ending inventory on 2017 before-tax income

Determine the correct amounts for 2018 ending inventory, purchases, accounts payable, accounts receivable, sales revenue, and cost of goods sold.

What was the effect of the error in ending inventory on 2017 before-tax income?

Which is the most accurate method of the decomposition methods used for the following data set.
Additive with seasonal only, Additive with trend plus seasonal , Multiplicative with seasonal only ,Multiplicative with trend plus seasonal