1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. What is the current actual u-rate for the US economy as of September Data for 2020? Is this unemployment rate below or above or equal to u-rate at full employment (usually called natural rate of unemployment or NAIRU)? What state of the economy do you consider from this u-rate for Sep 2020 (recession, depression or inflation?) and its sources?

2) A) Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU) and remained at that low level for a year or longer? Explain your answer in a few
sentences.

.

B) Draw an AS/AD diagram illustrating your answer to part (A) and refer to the current state of the economy of the US to compare in this context. Be sure to label all lines and axes in your diagram clearly.

3) Suppose between Q1, 2018 and Q4, 2019 measured Output in the non- farm business sector increased by 3.6%. During this time period the unemployment rate fell from 4.6% to 3.7% and total hours worked in the nonfarm business sector increased by 3.8%.

What was the % rate of change in labor productivity over this period (Q1 2018 and Q2 2020)? Explain your answer briefly. (Hint: Labor productivity = Y/Labor hours; RGDP growth rate = Labor productivity growth plus and Labor Force Growth rate. No need to use u-rate changes for this question)

-Fatima's records contain the following information:

1.   Donated stock having a fair market value of $4,000 to a qualified charitable organization. She acquired the stock five months previously at a cost of $3,000.

2.   Paid $900 to a church school as a requirement for the enrollment of her son.

3.   Paid $350 for annual homeowner's association dues.

4.   Drove 500 miles in his personal auto. The travel was directly related to volunteer services she performed for her church.

How much can Fatima deduct as a charitable contribution?

A) $2,456

B) $3,070

C) $3,356

D) $4,000

-GarLee Grocery, Inc., a C corporation with high taxable income, donates some of its inventory to the Local Food Bank (a charitable organization) which distributes food to the needy. At the time of the contribution, the FMV of the inventory was $20,000, and GarLee Grocery's basis was $6,000. Lee Grocery will be allowed a charitable contribution deduction of

A) $8,000.

B) $12,000.

C) $13,000.

D) $20,000.

-For non-cash charitable donations, an appraisal will be required for donations valued at more than

A) $250.

B) $500.

C) $5,000.

D) $50,000.

-Henry’s adjusted gross income is $50,000 in 2018. He donated a piece of artwork with a basis of $10,000 and a fair market value (FMV) of $25,000. He has owned the artwork for 10 years. The charity that Henry donated the artwork to is a public charity and will display the art work in its art center. What is the maximum charitable deduction in 2018 that Henry can take?

$0.

$10,000.

$15,000.

$25,000.

Question 1

Brooklyn plc manufactures and sells only one product and the accountant has been asked to prepare a report that will highlight the areas that should be focussed on at the next meeting of the Directors of the company.

Details of the results and ratios have been calculated from the financial statements, using the attached formulae.

                                                                                    2016               2017            2018

Sales – units                                                           160 000            200 000           220 000

                                                                                    £000              £000               £000  

Sales                                                                            16 000          17 000                18 700

Profit before interest and tax                                           800               980                  1 053

Profit after tax                                                                  490             595                    588

Non-current Assets                                                       5 000             5 400               7 500

Cash                                                                                 ---                    600                200                        

Profitability ratios

Gross Profit margin                                                     30.0%              39.7%              45.0%

Net Profit margin                                                        5.0%              5.8%              5.6%

Return on Capital Employed                                     10.0%              9.1%              8.1%

Return on Shareholders’ Funds                                   8.2%              9.7%              9.3%

Liquidity and management of working capital ratios

Current ratio                                                               3.0                  4.4                 3.75

Acid Test / Quick ratio                                             1.3                  1.9                 1.50

Inventory – days                                                         95                  142                    160

Receivables – days                                                     46                  51.5                54.6

Payables – days                                                          57                     57                      71

Gearing ratio                                                               25%               43%                  51.5%

Required

1. Prepare a report that will assist the Board members to focus on the issues that should be addressed in the period from 2016 to 2018. The possible causes of any changes in the ratios that have occurred over the period should be highlighted in the report.

2. Suggest ways by which the Return on Capital Employed could be improved during the next year.

Choose one (1) and only one of the following four 4 assignment options. Investigate and document your response. Provide your response back in this document, and SUBMIT it back using Google Classroom once completed.

Alternative Options list:

1. Information Systems roles and jobs

2. Personal Use of Technology

3. Internet Security

4. Database creation

Details are provided below:

1. Information Systems roles and jobs

Prepare a report on purchasing a computer for yourself.

Identify your requirements (what you will need to use it for, how much you would spend, etc.).

Identify at least 3 viable options (actual computers), 2 of them of the same type (e.g. PC) and 1 of them different type (e.g. Apple).

List the specifications for each in a side-by-side table, including:

Hardware specifications (processor, memory, storage, etc.), 1 row for each category item

Software specifications (OS, application software, etc.) 1 row for each category item

Networking specifications

Total cost

Identify which would be the most powerful, which would be the fastest.

Select your best alternative.  

Confirm that it will meet all your requirements, and indicate why you would choose it.

Provide response on table format. Provide final selection and explanation in paragraph format.

1-3 pages max.

2. Personal Use of Technology

Create a list of at least 4 examples of technologies used by you within the last 2 months.  

For each:

Classify them by IT Component types

Research and identify approximately what year each technology was introduced, and when your specific version was introduced.

Indicate how you have used the technology.  

Indicate what your next-best alternate would have been if you did not have the technology. Estimate the associated impact to you if you did not have the technology (additional time, cost to you per day/week etc.)

Indicate 1 example of something you currently do manually (and that there currently is not a technology solution available yet). Investigate if anyone in the world is already innovating and working on it, and if so, provide a reference (name and link) and some details.

Response should be in table form, 1-3 pages max.

3. Internet security –Target as case Study

Retailers have seen major increases in cyber attack. Point of sale systems, vendor and supplier connected portals, even on-site system administrators, pose potential risks. All of these potential weak links in the chain came to light when target got hit, beginning on the biggest US shopping day, Black Friday.

The cyber attack on Target hit all of the wrong numbers, (or right, depending on your point of view):

41 million customers’ credit card information stolen

$200 million estimated cost to banks and credit unions over replaced cards and disputed charges (which Target settled for $39 million)

An estimated 46% dip in profit during the biggest shopping period of the season

An $18.5 million recent multi-state lawsuit settlement with consumers

All told, Target lost an estimated $300 million

What are your general thoughts about internet security and what do you think Target could have done to prevent internet security onboard?

1-3 pages max.

4. Database Creation

Create a database project with the following requirements, use any professional principles and standards.

Use any relational database software application of your choice to develop database implementing the logical design into a physical design.

create the normalized physical database with tables, columns with data types, primary keys, constraints, etc.

Create a minimum of ten rows of test data in each table.

Submit a Zip .sql file with the scripts needed to create your tables with keys and the insert test rows, etc., into the tables and submit the Assignment Files tab as Zip.

The Sarbanes Oxley (SOX) Act was passed in 2002 as a result of corporate scandals and in as attempt to regain public trust in accounting and reporting practices. Two random samples of 1015 executives were surveyed and asked their opinion about accounting practices in both 2000 and in 2006. The table below summarizes all 2030 responses to the question, “Which of the following do you consider most critical to establishing ethical and legal accounting and reporting practices?” Did the distribution of responses differ from 2000 to 2006?

1. Determine and state whether this is a test of Goodness of Fit, a test of homogeneity or a test of association (or independence). Include in your statement a justification for your choice.
2. Write the correct Null and Alternate Hypotheses for the test
3. Perform the test using Minitab (remember to include the output in your Word document)
4. State your decision, and why you made this choice
5. Give a conclusion in the context of the problem. If you make the decision to reject the null hypothesis, be sure to comment on the bar chart.

Group of companies produces a kind of household appliances. The fixed production costs  are 30,000 $annually, the variable production cost of the unit is 0.4, and the general administrative expenses are 8000$ .The company used to sell its production to wholesalers at 2$  per unit and achieve an annual sales figure of 50,000 Sales unit sees the sale to retailers directly as this will increase the sales volume by 10% per year and at the same time increase the selling price by 10% as well.

The general manager has opposed the idea of ​​selling to retailers as it will lead to double costs. I have hired you as the best management accountant for the company because of your vast experience in these matters and asked you to express an opinion on this matter

Six months before its annual convention, the American Medical Association must determine how many rooms to reserve. At this time, the AMA can reserve rooms at a cost of $50 per room. All rooms that are reserved must be paid for even if they are not used. The AMA believes the number of doctors attending the convention will be normally distributed with a mean of 5000 and a standard deviation of 1000. If the number of people attending the convention exceeds the number of rooms reserved, extra rooms must be acquired at a cost of $80 per room. Use a simulation model to determine the expected cost of the rooms for the convention for the following reservation levels: 2000, 3000, 4000, 5000, 6000, 7000, and 8000. From the above list of reservation levels, select the optimal number of rooms to reserve. Use a simulation with 2000 replicates and answer the questions below:

a) What is the optimal number of rooms to reserve?  (Click to select)  2000  3000  4000  5000  6000  7000  8000

(Round the following answers to two decimals)

b) What is the expected minimum cost? $

b) Construct a 95% confidence interval for the expected cost for the optimal number of rooms to reserve:

11. A study reported in the Journal of the American Medical Association involved the study of respiratory tract infections in children aged 1 to 5 years in Israel. During the period November 1999 to March 2000 a randomly selected group of the children received a placebo and another randomly selected group received a mixture of Echinacea and Vitamin C. The following table gives the numbers for the children in each group and for those who developed pneumonia during that time.

1. Calculate the sample proportion, , of children in the placebo group who developed pneumonia, and calculate the sample proportion, , of children in the Echinacea group who developed pneumonia.

2. Calculate the sample difference in proportions, .

3. Calculate the approximate standard error, s, of the sampling distribution for differences in sample proportions.

d. Calculate a 95% confidence interval for the difference in the population proportions, .

5. Interpret, in terms a non-statistics person would understand, your 95% confidence interval, explaining what it tells us about the proportions of all children with these treatments who would develop pneumonia.

6. State an appropriate null hypothesis, H₀, and alternative hypothesis, H₁, for testing whether or not the proportion of children developing pneumonia is higher for the placebo treatment than for the Echinacea treatment.

H₀: English version:

Symbolic version:

H₁: English version:

Symbolic version:

7. Calculate the pooled proportion, , and the standard error, s, based on the pooled proportion. (Hint: the last row in the table gives you pooled numbers.)

8. Calculate the z-score for your sample difference, , from part b.

9. Calculate the p-value for your z-score. If the significance level is 0.01, should the researchers reject or fail to reject the null hypothesis from part f?

10. Explain your conclusion from the previous part in terms a non-statistics person would understand.

1. In what ways can non-current assets be disposed?
2. What do you understand by the trade in disposal?
3. Trust in him Enterprise has the following tasks at 1^st April, 2017.

Note: Estimated Residual value (ERV)

The company policy is to provide at the end of each financial year a change for depreciation using the straight line method, applied on month by month basis.

During the financial year ended 31^st March, 2017, the following occurred:

1. On 30^th June, vehicle No. GT 124516 was traded in and replaced by GE 147817 the trade in allowance was GHȻ 25,000.00.

GE 147817 Cost GH75,000.00 and the balance due that is after deducting the trade in allowance was paid partly in cash and partly by a loan of GH30,000.00 from Port Base Financial Service.

The GE 147817 estimate to have a residual value of GH20,000.00 after an estimated economic life for five (5) years.

The estimated remaining economic life of vehicle No.2 – GT 346717 was reduced from six (6) years to four (4) years with no change with the estimated residual value.

You are require to:

1. Show the journal entries to record the above transaction which occurred during the financial year ended 31^st March, 2018

2. Journal entry to record the depreciation of trucks for the year ended 31^st March, 2018.

3. Trucks account and provision for the depreciation account for the year ended 31^st March, 2018.

1. Show the necessary calculation clearly in the books
2. Post the items in their relevant ledgers.