1. Scores on an MBA placement exam are reported to have a normal distribution with standard deviation 18. The exam officials stated that the average score for all students was 70. You take a random sample of 50 students and find their average score is 67. Use your data to estimate the mean score for all students taking the MBA placement exam -Verify your answer using calculations and show your work.

2. Students at the union want to estimate the average number of ounces of coffee in a cup. They take a random sample of 40 cups and find the mean is 5.2 ounces. Assume amount dispensed has a normal distribution and that the standard deviation is set at 0.24 ounces per cup. Find your best estimate for the average amount of coffee being dispensed by this machine. Verify your answer using calculations and show your work.

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each.

The following data appear in the company records for the current period:

University Printers estimates that the variable costs in the Personnel Department total $18,500 and in the Maintenance Department variable costs total $7,800. Avoidable fixed costs in the Personnel Department are $6,300.

Required:

If University Printers outsources the Personnel Department functions, what is the maximum it can pay an outside vendor without increasing total costs? (Do not round intermediate calculations.)

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each.

The following data appear in the company records for the current period:

University Printers estimates that the variable costs in the Personnel Department total $16,000 and in the Maintenance Department variable costs total $8,500. Avoidable fixed costs in the Personnel Department are $5,200.

Required:

If University Printers outsources the Personnel Department functions, what is the maximum it can pay an outside vendor without increasing total costs? (Do not round intermediate

MAXIMUM AMOUNT?

Exercise 240 On January 1, 2020, the Oriole Company had $2,990,000 of $10 par value common stock outstanding that was issued at par and Retained Earnings of $1,150,000. The company issued 146,000 shares of common stock at $16 per share on July 1. On December 15, the board of directors declared a 10% stock dividend to stockholders of record on December 31, 2020, payable on January 15, 2021. The market value of Oriole Company stock was $17 per share on December 15 and $17 per share on December 31. Net income for 2020 was $580,000. Journalize the issuance of stock on July 1 and the declaration of the stock dividend on December 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date Prepare the stockholders' equity section of the balance sheet for Oriole Company at December 31, 2020. ORIOLE COMPANY Balance Sheet (Partial) December 31, 2020 select an opening section name select an opening section name select an opening section name select an opening section name $enter a dollar amount select an opening section name enter a dollar amount select an opening section name enter a subtotal of the two previous amounts select an opening section name enter a dollar amount select an opening section name enter a total amount for this subsection select an opening section name enter a dollar amount select an opening section name $enter a total amount for this section Need this part please. Prepare the stockholders' equity section of the balance sheet for Oriole Company at December 31, 2020.

1. Which of the following statements regarding GAAR is true?

Multiple Choice

• The purpose of GAAR is to catch tax evaders.

• When an avoidance transaction takes place, the anti-avoidance rule is automatically applied in all circumstances.

• Canada Revenue Agency states that "A transaction will not be an avoidance transaction if the taxpayer establishes that it is undertaken primarily for bona fide business, investment or family purposes."

• Individuals who organize their affairs in order to pay as little tax as possible will automatically be subject to GAAR.

2. The CEO at Big Company Corporation has decided to sell a piece of capital equipment after the company's year-end in order to avoid paying capital gains tax this year. Which tax planning method will the CEO be using?

Multiple Choice

• Transferring income to another entity.

• Converting the nature of income from one type to another.

• Shifting income from one time period to another.

• This is a form of tax evasion and is not allowed.

3. Income tax is calculated for which of the following jurisdictional groups?

Multiple Choice

• Municipal, provincial, and federal

• Municipal, federal, and foreign

• Provincial, federal, and foreign

• Municipal, provincial, and foreign

4. Which of the following is not considered to be a separate entity for tax purposes in Canada?

Multiple Choice

• An individual

• A proprietorship

• A corporation

• A trust

Note- introduction to taxation

Hi, could you please assist with this question?

You are an investment banking consultant advising an investment company. The CEO of the company tells you that she believes that capital structure does not have an impact on firm value. On what basis might they make this comment? State whether you agree or not with this position and explain why. Does the nature of this firm’s business risk change your answer? Fully explain your reasoning.

3 pages and   The essay must be, double-spaced, 12 point, with 1” margins,

Two factors that will affect you in the 21th century is computerization, and automation. Oxford University reported that nearly half the jobs in the U.S. will be affected by automation and computerization by 2020. And that will grow. It is now beginning to reach into professional and creative industries that long seemed immune, from law clerking to journalism. And the pace of change is accelerating. Combine this with "Moore's Law", and it leads to a troubling and disruptive future for the unprepared.
These developments illustrates a recurring theme in capitalism. As workers become more powerful and higher paid, the historic pressure on capitalism is to automate. In our society, we have always valued capital over labor. What will we do when automated vehicles take over the largest employer of white male Americans, the trucking industry? or checkout clerks from McDonalds, to Publix disappear. who will employ these obsoleted jobs.
So my question to you is, how will this affect you, and those who are not prepared for lifelong learning to succeed in the future. How does our economy handle a surplus of workers , from menial jobs to the profession you have chosen? If you can imagine a computer doing your job, it will...

Sunny Ltd., a hand sanitizer manufacturer, has prepared its financial statements for the year ended at December 31, 2019. On February 28, 2020, the board of directors authorized to issue the financial statements to shareholders. The following events have occurred:

1. On December 1, 2019, the board of directors decided to issue $50,000,000, 9% convertible bonds for the purpose of expanding business in other countries. The conversion rate is fixed at 50 shares for bond with face value of $1,000. The convertible bonds are offered to the public on January 15, 2020. The market interest rate for a similar bond without conversion option is at 12%.

2. On October 23, 2019, Sunny signed a contract to sell 10,000 hand sanitizer to a local store at a price of $200 each. However, due to the increase in the cost of materials, the estimated cost of making one hand sanitizer has been increased to $250. Sunny has to deliver the hand sanitizer to its customer on January 30, 2020.

3. Under the terms of the sales contract, Sunny undertakes to recall its new formulated sanitizer, for its manufacturing defects within six months from the date of sale. The accountants estimated that 5% of the sanitizer will be returned for refund. In January 2020, Sunny discovered a serious problem in the manufacturing process of the new formulated sanitizer. Because of this, Sunny expected that 20% of the sanitizer sold in 2019 will be returned for refund.

4. On December 15, 2019, a group of customers reported that the hand sanitizer that they bought in 2019 caused them have serious skin infection problems. They filed a lawsuit against Sunny on December 20, 2019. The company’s attorney said that it was probable that Sunny would be liable for the case. However, the amount of damage could not be estimated.

5. On February 12, 2020, the above lawsuit case was settled for the amount of $2,500,000.

6. Sunny has retail stores in China doing poorly. On February 15, 2020, Sunny estimated that those stores might report a loss of $1,500,000 in 2020.

7. In May 2019, Sunny had legal disputes with Coco Limited. Unable to reach out-of-court settlement with Coco, Sunny sued Coco for compensation for damages in August 2018. In November 2019, Sunny heard good news about the lawsuit in which the company sued Coco. Sunny’s lawyer is confident that the company will win the case and will receive about $120,000 in compensation for damages from Coco in early 2020. Sunny recognized the gain and receivable from litigation of $120,000 in year 2019.

8. On March 1, 2020, a customer owing $600,000 to Sunny filed for bankruptcy. The financial statements include an allowance for doubtful debts pertaining to this customer only of $30,000.

Required: For each of the above event, state the correct accounting treatments in accordance with Hong Kong Accounting Standards for the year ended at December 31, 2019. If it is an event after the reporting period, identify whether it is an adjusting or non-adjusting event. Give reasons for your answer.