Questions #1

The following information is available for the first three years of operations for Faberge Corporation:

1.         Year                Accounting Income

       2020                          $ 250,000

       2021                             280,000

2. Included in the accounting income above is $10,000 annual dividends income from investments in taxpaying Canadian companies.
3. On January 2, 2020, equipment was purchased for $ 500,000. The equipment had an estimated service life of 5 years and no residual value. Straight-line depreciation is used for book purposes and CCA at 30% is used for tax purposes (ignore the half year rule for the first year).
4. On January 2, 2020, $ 210,000 was collected in advance for the rental of a building for three years. The entire $ 210,000 was included in taxable income in 2020, but two-thirds of the $ 210,000 was reported as unearned revenue at December 31, 2020 for book purposes.
5. The enacted tax rate is 40% for 2020, 35% for 2021 and 30% for 2023 and thereafter.

Instructions

1. Prepare a schedule comparing depreciation for book purposes with CCA for tax purposes.
2. Determined the taxable income and income tax payable for 2020.
3. Prepare a schedule of deferred taxable/deductible amounts and the deferred tax asset and/or liability at the end of 2020.
4. Calculate the net deferred tax expense or benefit for 2020.
5. Prepare the adjusting journal entries to record income tax expense, deferred taxes, and income tax payable for 2020.
6. Determined the taxable income and income tax payable for 2021.
7. Prepare a schedule of future taxable/deductible amounts and the deferred tax asset and/or liability at the end of 2021.
8. Calculate the net deferred tax expense or benefit for 2021.
9. Prepare the adjusting journal entries to record income tax expense, deferred taxes, and income tax payable for 2021.
10. Prepare the income tax section of the comparative income statements of 2020 and 2021

conduct research on the 2010 earthquake in Haiti. How did their economic state play a factor? What was the state of their preparedness and mitigation prior to the earthquake? What factors influenced their preparedness and mitigation (or lack-thereof)? Research some winners & losers in this tragedy. How did they win or lose?

Suppose a firm has had the following historic sales figures.

Year: 2009 2010 2011 2012 2013
  Sales: $ 2,430,000. $ 3,850,000 $ 4,440,000 $ 4,920,000 $ 5,540,000

What would be the forecast for next year’s sales using regression to estimate a trend?

Next years sales?

Survey empirical evidence to discuss the impact of government regulations (e.g., Sarbanes–Oxley Act of 2002 and Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010) on corporate operation and financial performance.

Please provide discussion of the above topic and citation of resources.

Thanks!!

How does new growth theory view technology and technological change?

a)Technology is more important for growth in the short run than in the long run.

b)Technological change is exogenous, and convergence will occur.

c)Technological advances occur at diminishing rates.

d)Technological change in a country is endogenous and occurs because of factors that currently exist in that country.

Traditional system vs Technology today.



Contract and compare the traditional system vs. the technology currently used in hospitals.

What do you understand are the advantages and disadvantages of both?

With what method would it be more comfortable to work and why?

Indicate whether you agree with or differ from the opinions of your colleagues.

30. Match the descriptions with the appropriate reproductive technology.
Reproductive Technology:
Artificial insemination
Surrogacy
Superovulation
IVF

Descriptions:
A. The combination of an egg and
sperm in glassware before placing
the blastocyst on the endometrium
B. A situation in which an embryo that
is not genetically related to a woman
is inserted into her uterus and
carried to term
C. A procedure where sperm are
collected and concentrated before
being placed into a woman’s uterus
D. A procedure to stimulate multiple
egg maturation in a cycle

33. Superovulation is when women take hormones in order to release more eggs for
fertilization. Which of the following rows contains hormones that are involved in
developing the follicles and releasing them from the ovary, respectively? What
could be the unintended consequence of this process?
A. Hormone Unintended Consequence
FSH and LH Scar tissue on the Fallopian tubes
B. Hormone Unintended Consequence
FSH and LH    A tubal ligation
C. Hormone    Unintended Consequence
FSH and LH    The formation of twins or multiple births
D. Hormone    Unintended Consequence
LH and FSH    Ovarian Cancer

34. Match each description with the appropriate prenatal diagnostic test.
Prenatal Diagnostic Tests:
CVS
Cordocentesis
Ultrasound
Amniocentesis

Descriptions:
A. High frequency sound waves create
images on a screen. This is used as a
screening method to make sure the fetus
is developing properly.
B. A sample of cells from the fetal portion of
the placenta is taken for genetic analysis.
C. A sample of fetal blood is taken from the
umbilical cord for genetic analysis.
D. A sample of fluid is taken from the space
that forms below the embryonic disk.

35. In vitro fertilization (IVF) is a procedure that can help couples who are having
difficulty becoming pregnant due to blocked Fallopian tubes, low sperm count,
low sperm motility, or sperm that cannot penetrate the outer layer of an egg,
among other conditions.
Normally, an ovary produces one mature ovum per 28-day cycle. In order to
ensure a successful IVF procedure, doctors try to retrieve a large number of
mature eggs.
In order to obtain a greater than normal number of mature eggs, doctors inject
the IVF candidate with a drug such as Bravellissima, which stimulates multiple
follicle development. They also administer a drug such as Centrotic, which
suppresses ovulation to prevent earlier than anticipated ovulation of mature ova.
Which of the following rows correctly identifies the naturally occurring hormones
that the IVF drugs are imitating?
A. Bravellissima    Centrotic
LH    Progesterone
B. Bravellissima    Centrotic
Progesterone LH
C Bravellissima    Centrotic
   Estrogen    FSH
D. Bravellissima    Centrotic
   FSH Estrogen
E. Bravellissima Centrotic
GnRH    FSH

36. Match each statement with the perspective it exemplifies.
Perspective:
Ethical
Cultural
Societal
Economic

Some Statements Related to Monitoring
Fetal Development:
A. Small portable ultrasound machines
should be banned in countries that
promote female feticide.
B. Chorionic villus sampling allows
mothers to decide if they would like
to terminate their pregnancy if the
baby has any genetic disorders.
C. Prenatal diagnostic procedures such
as amniocentesis create negative
attitudes toward genetic disabilities
such as Down syndrome.
D. Prenatal testings can alleviate the
burden on the Alberta health care.

37. Which of the following statements is not correct about the umbilical cord?
A. The umbilical cord blood cells are multipotent, not totipotent like embryonic
stem cells.
B. The amount of blood cells contained in the umbilical cord is too little to treat
an adult for stem cell transplant.
C. A baby’s umbilical cord can be used to treat the same baby, if they are born
with blood disorders, such as leukemia.
D. Preserving the baby’s umbilical cord can be useful to help a sibling who may
need stem cell transplant.

Technology is becoming more and more complicated every year. As technology becomes more complicated new security measures are required in order to protect individuals from theft. Most people do not understand how simple devices such as debit/card cards and online bill pay work, so how can they effectively protect themselves from theft. I believe we have reached a point in technology where most of our financial transactions are done over wire and not actually completed using tangible currency. In-fact only 30% of our financial transactions are completed using paper or coin (Amit, 2016). With such a complicated system of financial exchange I believe that companies that issue these financial devices should be responsible for protecting that sensitive information. As an example, lets say you create a new banking account with PayPal. You place all of you banking information into THEIR systems then spend accordingly. How can you protect your own money when someone else has it? It is not reasonable to ask the individual to be responsible in protecting their own interests with such a case.

As well, I am not stating that companies such as PayPal should provide this 'service' for free either. PayPal takes a fee for online transactions. As I am asking that they be liable for security of all of their customers money; they should be able to charge for this service as well.

Please respond to post in 100-150 words

Given ACi = f (qi, w, v, t) where t is technology and technology is cost-reducing, as t increases:

A)    What will be the long run effect on market price, P, and quantity, Q, and the number of firms in the industry, N, if it is a constant cost industry. Draw a graph of the long run supply and demand. On what will the size of the change in Q depend?

B)    If this is an increasing cost industry, how will your answer change (magnitude of changes in Q and P)? Draw it.