Introduction to law and Science

You and a friend from University have an idea for a new invention. In order to develop your idea into a commercially viable product, you have decided to go into business together. Compare an unincorporated partnership and an incorporated private limited company (Ltd). Specify which format you would choose, setting out arguments in favour of your choice.

You may use whichever referencing style you prefer, just ensure that you are consistent throughout your answer.

Your essay should be no more than 3,000 words long.

Explain the spillover benefits that are purported to flow from the athletic department to the university. What does empirical research indicate about these spillover benefits?

4. A) The probability that a student from a certain university has a cell phone is 0.2. So, the probability that the tenth student randomly interviewed at this university is the fifth with Cell phones is:

B) On a certain day, the second stage of the environmental contingency plan was implemented in the Mexico City. If there are 50 companies in the area that corresponds to a supervisor, of which 15 did not follow contingency guidelines, then the probability that 3 companies out of the 10 that are verified will not follow the guidelines is:

C)If the planes arriving at an airport follow a Poisson process with an average rate of 8 planes per hour. The probability of exactly 10 aircraft arriving in the next 2 hours is as close to:

Assume the role of a University instructor that is attempting to communicate concepts from the required reading. In 200 words or more, discuss the Weighted Average Method and First In First Out Method, and describe these concepts using examples to illustrate your points.

A new online auction site specializes in selling automotive parts for classic cars. The founder of the company believes that the price received for a particular item increases with its age (i.e., the age of the car on which the item can be used in years) and with the number of bidders. The Excel multiple regression output is shown below.

(A) Estimate a multiple regression model for the data.

(B) Which of the variables in this model have regression coefficients that are statistically different from 0 at the 5% significance level?

Given your findings in (B), which variables, if any, would you choose to remove from the model estimated in (A)? Explain your decision.

Assume that the following data relative to Kane Company for 2020 is available:

Net Income                                                                                                                                                                                                                $2,100,000

8% Cumulative Convertible Preferred Stock

Sold at par, convertible into 200,000 shares of common

(adjusted for split).    $1,000,000

Stock Options

Exercisable at the option price of $25 per share. The average

market price in 2020, $30 (market price and option price

adjusted for split). 60,000 shares

Instructions

(a)   Compute the basic earnings per share for 2020 (Round to the nearest penny).

(b)   Compute the diluted earnings per share for 2020 (Round to the nearest penny).

January 1, 2016 SOS company invested 2,000,000 $ for 80% of RAT company, in that date the fair value of RAT is equal to its book value except inventories was undervalued 40,000, equipment ( 5 years ) undervalued 60,000 ,6% 10 years bonds overvalued 30,000 and unrecorded patent 80,000 estimated 20 years’ useful life. The owner’s equity was $1,200,000 shares, 600,000 premiums and 400,000 as retained earnings, the following are selective information about the parent and its subsidiary:

1- The subsidiary reported net income for 2016was$100,000 and declared and paid $20000 dividend.

2- during 2017 the parent sold a land cost 200,000 for $220,000. The reported income for the subsidiary was 90,000 and 10,000 dividend

3- in 1/1/ 2018 the subsidiary sold an equipment for parent for 120,000 and net book value 110,000, five years remaining use life and during the year the parent sold goods for 250,000 including 25% markup, the subsidiary ending inventory include 60000$ inventory from parent, the subsidiary net income of 2018 was 120,000 and$30,000 6-

4- During 2019 the subsidiary sold goods with mark up 20% at cost 300,000, 25% of this inventory still in hand in 31/12/2019, the subsidiary sold the land that purchased from parent for 250,000. The subsidiary reported net income was 180,000 and 30,000 dividends was paid.

5- during 2020 the subsidiary sold goods with mark up 20% at cost 400,000, $96,000 at selling price of this goods still in hand in 31/12/2020. The subsidiary reported net income was 360,000 and 80,000 dividends was paid.

6- The parent retained earnings in 31/12/2015 1,800,000 $. Dividends and income without income from subsidiary during the years was: 2016 (income 500,000$ dividend 150,000), 2017 (income 300,000$, dividend 80,000), 2018 ( income200,000$), 2019 (350,000$ , dividend 50,000), 2020 ( income100,000$)

Required:

1- Prepare all the elimination entries during the years from 2016 to 2020.

2- Journalize the income and dividend under equity methods in parent’s book for the year 2020.

3- Complete the following table:

Question based on the business course

24. The United States has a Masculine Orientation when compared to a country like Sweden . Which of the following statements are true

a.The US encourages power, physical strength, and domination Sweden values submission and politeness .

b. The US focuses on results , achievement and competition ; Sweden focuses on modesty , work/life balance ,

and promoting equality.

25. Which of the following are NOT terms used to describe and compare Divergent Cultural Characteristics

a. High context vs. Low context

b.bAtheistic vs. Polytheistic

c. Implicit rule vs Explicit-Rule

d. Long-term vs. Short-term orientation

26. in Uncertainty-Rejecting cultures, such as Japan and Saudi Arabia:

a.Employees are encouraged to question policies and/or regulations

b. Society is resistant to change and seeks to avoid unnecessary risks

c. Freedom of expression is celebrated

d. Few clear rules or regulations exist

c.The US prizes sports, cars, and the military Sweden values furniture, music, and meatballs .

d. The US rewards manliness and winning ; Sweden rewards feminism and beauty

30. When trying to get in touch with a coworker who is out of the office for the day, you should try to:

a. Send a text message to their personal mobile phone during business hours

b. Email them immediately once the work day is over

c. Try your best to reach them by their preferred method of contact

d. Call and leave a detailed voicemail

33. Which of the following groups of words are ONLY CONCRETE subjects ?

a. teamwork , initiative, customer service representative

b. strategy , goal, advertising firm .

c.ethics , competition , challenge

d. coworker , document , supervisor

35. Identity the sentence focus error(s) in the following sentence: The marketing strategy was developed by the CEO of the company.

a. abstract subjects, passive voice, and faulty expletives

b. abstract subjects and faulty expletives

c. abstract subjects and passive voice

d. faulty expletives ONLY

36. Identity the sentence focus error(s) in the following sentence: There are number of reasons why record profits will be earned by Apple in 2019.

a. abstract subjects ONLY

b. passive voice and faulty expletives

c. abstract subjects, passive voice, AND faulty expletives

d. passive voice ONLY

Imagine that you are the CEO of Moet Hennessy Louis Vuitton SE (LVMH). You have just received share price valuation estimates for a potential buyout target, Rimowa, from two of your top financial analysts. You have confidence in their estimates because they have taken FIN 305 from the Shidler College of Business. Both analysts used the discounted cash flow (DCF) model to estimate the share price resulting in a valuation of $50, by the first analyst and $60, by the second analyst. Part I: Identify two possible causes for the significant difference in valuation and briefly explain how each possible cause affected the DCF model’s share price estimate. Part II: You made a buyout offer of $55 a share and Rimowa’s CEO rejected it. The German luxury luggage brand Rimowa is crucial to LVHM’s strategic expansion into brands that have heritage and a unique position. As the CEO of LVHM what would you do to meet LVHM’s strategic objective while minimizing the cost to acquire Rimowa? Briefly defend your recommendation.

On 1 March 2020 Holmes Ltd enters into a binding agreement with a New Zealand company, which requires the New Zealand Company to construct an item of machinery for Holmes Ltd. The cost of the machinery is NZ$750,000. The machinery is completed on 1 June 2021 and shipped FOB Auckland on that date. The debt is unpaid at 30 June 2020, which is also Holmes Ltd’s reporting date.

The exchange rates at the relevant dates are: 1 March 2011 A$1.00 = NZ$1.20 1 June 2011 A$1.00 = NZ$1.30 30 June 2011 A$1.00 = NZ$1.25 Required: a) Determine the amount in AUD, as at: • 1 March 2020; and • 30 June 2020. b) Prepare the journal entries for the above dates showing the amount of exchange gain or loss .