According to the U.S. Census​ Bureau, the Gini ratio in the U.S. rose from 0.479 to 0.486 between 2015 and 2018. This implies which of the​ following?

A. The area between the Lorenz curve and the line of equality increased from 0.243 in 2015 to 0.521 in 2018. B. The area between the Lorenz curve and the line of equality decreased from 0.521 in 2015 to 0.243 in 2018. C. The Lorenz curve in the U.S. was farther away from the line of equality in 2018 than it was in 2015. D. The distribution of income in the U.S. was more equitable in 2018 than it was in 2015.

Best Company acquired a machine on January 1, 2018, that cost $40,000 and had an estimated residual value of $4,000. Complete the following schedule (for 2018) using the three methods of depreciation:

1. straight-line, B.) units-of-production, C.) declining-balance at 150% acceleration rate.

(Round to the nearest dollar).

                                              Income Statement          Balance Sheet

Method              Useful Life               2018 Expense          2018 Accum. Deprec.

SL                       5 yrs                 $__________             $__________

Units Prod.           8,000 units             $__________             $__________

(2018 Actual 2,000 units)

200% DB                5 yrs                 $__________              $__________

T/F/U: In 2018 you buy a basket of goods (Qx18, Qy18). In 2019 you buy a basket of goods (Qx19, Qy19). Suppose the 2019 basket costs more, at 2018 prices (Px18, Py18), than the basket you actually bought in 2018. If all prices change proportionally then you are better off in 2019. (Hint: write down the actual expenditure in 2018, then the expenditure you would have to pay to buy your 2019 basket at 2018 prices, and draw those as budget lines on a graph).

Pelamed Pharmaceuticals had EBIT of $ 163 million in 2018. In​ addition, Pelamed had interest expenses of $ 79 million and a corporate tax rate of 22 %. a. What is​ Pelamed's 2018 net​ income? b. What is the total of​ Pelamed's 2018 net income plus interest​ payments? c. If Pelamed had no interest​ expenses, what would have been its 2018 net​ income? How does it compare to your answer in part ​(a​)? d. What is the amount of​ Pelamed's interest tax shield in 2018​?

Question 3 [8 marks]

Topic 5: Accounting for foreign currency transactions

Behappy Ltd is an Australian company with a reporting period ends on 30 June. The company has entered into two independent transactions denominated in foreign currency as follows.

Behappy Ltd sells some goods on credit on 13 June 2018 to a Singaporean company, Mother Kwan. The contract, denominated in Singapore dollars, amounts to $125,000. Mother Kwan settles the contract on 10 July 2018.

The relevant exchange rates are as follows:

2. On 15 June 2018, Behappy Ltd acquires plant and equipment on credit from Senang Bhd, a Malaysian company. The contract is denominated in Malaysian Ringgit and the acquisition amounts to MYR300,000. Behappy Ltd settles the contract on 20 July 2018.

The relevant exchange rates are as follows:

Required:

In accordance with AASB 121, prepare all relevant journal entries of Behappy Ltd to account for the above transactions.

PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets $ 1,224 $ 1,331 Current liabilities $ 503 $ 559 Net fixed assets 4,994 6,021 Long-term debt 2,661 2,831 PARROTHEAD ENTERPRISES 2018 Income Statement Sales $ 15,442 Costs 7,162 Depreciation 1,381 Interest paid 400 a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) b. What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,532 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2018, Parrothead Enterprises purchased $2,532 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 23 percent. (Do not round intermediate calculations.) d-1. During 2018, Parrothead Enterprises raised $519 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2018, Parrothead Enterprises raised $519 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

• The definition of a job analysis is a process to identify and determine in detail the particular job duties, functions and requirements and the relative importance of these for a given job. This week’s discussion question will focus on how the evaluation and use of a job analysis will assist the case manager and rehabilitation team return a client to employment.
• Locate an article from the web or a database pertaining to this week’s topic and write a comprehensive summary of the article and what value it provided you as a future case manager.

For the following questions, list the entire path for the indicated file. If you use the variables ORACLE_BASE or ORACLE_HOME, be sure to list their values as well.

• Find the location of the instance of your database (ORCL).
• Find the location of the file init.ora .
  What purpose does this file serve?
• Find the location of the files listener.ora and tnsnames.ora. Identify which file is on the client and which file is on the server.
• Find the location of the file sqlplus.exe .
  What purpose does this file serve?

Every two years, AARP Employer Resources Center publishes “The Best Employers for Workers over 50”. Review the most recent listing and list the top ten employers and their respective industries. Are you surprised by any of the findings?

Visit the Department of Labor’s O*Net Resource Center. Describe how O*Net classifies jobs. Selecting a position title, search the O*Net database and discuss the type of information provided.

http://www.onetcenter.org