Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for sale to food companies. On November 1, he sells his vegetables to Granny’s Pie Company for $65,000, inclusive of 13% VAT. Granny’s Pie Company uses his vegetables to produce savory meat and vegetable pies (they’re huge in the UK). After the production of the pies is complete, Granny’s Pie Company sells the pies to Winn Dixie Grocery Stores for $140,000, inclusive of 13% VAT. Winn Dixie Grocery Stores subsequently sell all of the pies to consumers for $200,000, inclusive of 13% VAT. Assume that meat and vegetable pies are not subject to VAT exemptions (the government has deemed them not essential).

a) How much VAT is remitted to the government in total?

b) How much VAT is remitted to the government at each stage in the production process, and by whom? 4 points Advanced Taxation Spring 2020 c) How much net tax burden is economically borne by each participant in the production process/supply chain?

Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for sale to food companies. On November 1, he sells his vegetables to Granny’s Pie Company for $65,000, inclusive of 13% VAT. Granny’s Pie Company uses his vegetables to produce savory meat and vegetable pies (they’re huge in the UK). After the production of the pies is complete, Granny’s Pie Company sells the pies to Winn Dixie Grocery Stores for $140,000, inclusive of 13% VAT. Winn Dixie Grocery Stores subsequently sell all of the pies to consumers for $200,000, inclusive of 13% VAT. Assume that meat and vegetable pies are not subject to VAT exemptions (the government has deemed them not essential).

a) How much VAT is remitted to the government in total?

b) How much VAT is remitted to the government at each stage in the production process, and by whom? 4 points Advanced Taxation Spring 2020 c) How much net tax burden is economically borne by each participant in the production process/supply chain?

CHINA TARGETING 8% GROWTH IN 2010
At the beginning of 2010 the Chinese government announced that it was targeting 8% growth for the economy
again, despite the global recession. The target had been 8% for a number of years and the government had
always met it.
About 9% growth is expected in 2010 thanks to huge government fiscal and monetary stimulus measures. The
Chinese economy is the third largest in the world. Forecasts for economic growth made by the International
Monetary Fund for 2010 included China 9.2%, UK 0.9%, Japan 1.7%, US 1.5% and India 6.4%. However,
government officials in China recognized that growth was not guaranteed. China relies heavily on exports and
so is vulnerable to economic change elsewhere in the world.
Adapted: Gillespie, A (2013), Business Economics, Oxford University Press
QUESTION 1 (25)
1.1 Discuss what is meant by economic growth and why is economic growth often important to governments.
(10)
1.2 8% is relatively fast economic growth by international standards for China. Critically evaluate the sources of
economic growth for China and why the country set such as high target?

Q9: Mr. Osama Al Rawabi , a research consultant recently conducted a survey of the people from 05 countries regarding the level of education and he has published his study as per below:

Find out the following probabilities:                                                        (5Q*1M=5 Marks)

1. If you select a person randomly, what is the probability of getting a person from USA.
2. If you select a person randomly, what is the probability of getting a person who has    completed education before graduation?   Do not include those who did not answer.
3. If you select a person randomly, what is the probability of getting a person from France and Graduated?
4. Classical and empirical probability is different. Discuss analytically

e) Critically compare mutually exclusive and non exclusive events in probability

Use excle please
Please solve it with excel

Abdullah AL Hashmi has two brothers studying in the school in standard 5th and 7th .He is planning to
send to UK for getting Masters. As there is increasing inflation in the economy every year Mr Abdullah
is planning to make some smart investment of funds so that after 10 years from now he should be able to
accumulate RO 10,000 for this brother in std 7th and to accumulate RO 12,000 for this brother in std 5th
.
He has come up with two proposals.
Proposal A- Invest in Shares of company
The investment in share will be earning a return of 8%. The amount of investment will be at the end of
every year. The investment will be sold at the end of 10th year.
Proposal – B Invest in Bonds issued by some company
This investment will be made at the end of each year in the Bonds issued by company in Oman. The
investment in Bonds will be fetching a return of 6%. The investment will be sold at the end of 10th year.
You are required to calculate for the above two proposal
a) The investment to be made in each year for Proposal A and
b) The investment to be made in each year for Proposal B

Social networking is becoming more and more popular around the world. Pew Research Center used a survey of adults in several countries to determine the percentage of adults who use social networking sites (USA Today, February 8, 2012). Assume that the results for surveys in Great Britain, Israel, Russia, and United States are as follows

a. State the null and alternative hypotheses and conduct a test to determine whether the proportion of adults using social networking sites is equal for all four countries. What is the degrees of freedom? What is the p‐value? Using a 5% level of significance, what is your conclusion?

b. What are the sample proportions for each of the four countries? Which country has the largest proportion of adults using social networking sites? Using a 5% level of significance, conduct multiple comparison tests among the four countries. What is your conclusion? What is the degrees of freedom?

You are the CFO of the Spade Music Company (HMC), a US-based musical instruments manufacturer. You have just made a huge sale to a British Music Festival company of GBP 2.5M worth of instruments. This money will be paid in GBP in 90 days and there is a FX risk attached to this transaction.

Given the information below, please determine what your choices are for managing this risk, be sure to consider all possible ways. Use a 360-day year basis, and determine the value on day 90 (when the payment will occur). Use the rates provided below, the bid/ask spread does not need to be considered for this problem.

Put Option Available @ 1.075 for a 1.25% premium. Minimal Acceptable Margin (USD) is 2.6 million.

Please provide all available decision choices and show calculations in details.

Suppose a Ghanaian company, NFC Ltd, exported goods to MNP Ltd, British company and billed £10 million payable in one year.

The money market interest rates and foreign exchange rates are given as follows:
Foreign exchange rates   Money market interest rates
Spot rate GHS5.50/£   Ghana 6.10% per annum
Forward rate GHS5.70/£ (I year maturity)   UK 9.00% per annum

a.   Calculate the GHS proceeds from this transaction if NFC Ltd hedged its receivable through a forward market contract.
b.   Suppose on maturity date, the spot rate turns out to be GHS6.50/£. Will NFC Ltd be worst off under the forward hedge? Calculate the gain/loss.
c.   If NFC Ltd decides to hedge using put options, what would be the ‘expected’ GHS proceeds from this transaction?
d.   Suppose the spot rate at maturity is GHS6.50/£. Will NFC Ltd be better or worse off under the option hedge? Assume the option premium is GHS0.01 per pound and the exercise price is GHS5.70/£ (1 year maturity)

In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients. For this assignment assume that you are the senior accountant working for a major firm.

Question 1 - 9 marks (1,500 words) The CEO has forwarded to you an interesting article and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the lively discourse at an upcoming conference. You are required to find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after the 1st of January 2018. Your article could also come from one of the professional journals. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator. You then need to explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Support your analysis of the assumptions and implications of the topic or theory as appropriate with reference to sources in APA 6 style. For example, this article from the Sydney Morning Herald in April 2016 could be linked to the topics of accounting regulation and measurement (and perhaps others). You must provide a copy of the article or web page, with details of the source, date and page number with your answer.

Question 2 - 10 marks (1,500 words) The Senior Partner of the firm you work for has appointed you to a new role. It is now your responsibility to review upcoming accounting standards and provide a report to the partners on the proposed standard and the opinions of other industry players on the changes. Firstly, you are required to find a current exposure draft or proposal for a new accounting standard which has been opened for public comments. (These can be found on the websites of most standard-setting organisations, such as the IASB, AASB and FASB. Hint: These websites can be quite difficult to navigate, so as a first step try typing “IASB exposure draft and comment letters”/”FASB exposure draft and comment letters” into Google or other search engine of your choice). Read a sample of the comments from a range of respondents. Select four respondents, ideally from different types of organisations for example, from accounting bodies, industry, companies or corporate bodies. If you are having a problem finding suitable comments letters then contact your subject coordinator. In your own words, supporting your evaluation with appropriate citations, appropriately referenced in APA 6 style, you are required to include the following information in the report. An outline of what the exposure draft is introducing or changing. An assessment as to whether the exposure draft is being introduced in the ‘public interest’. An outline of the views presented in the comments letters which highlights the areas of agreement and disagreement with the exposure draft and/or other comments letters. An assessment (with relevant examples) as to whether the comments letters utilise any of the arguments 'for' or 'against' regulation. An application of each of the theories of regulation (public interest, private interest and capture) to the comments letters and a justification as to which theory(ies) is most effective at explaining the comments and which theory(ies) is least effective at explaining the comments. Please note: you need to attach the comment letters you selected for your report (there is no need to attach the exposure draft)

Read these instructions carefully, and then read the text “The Highs and Lows of Vocational
Education” on the next page. Then write an essay of 350-400 words* in response to this essay title:

You must support your ideas with:
- Evidence taken from the ‘The Highs and Lows of Vocational Education” reading text (at
least one item, which must be referenced with an in-text citation)
AND
- Other evidence regarding either Hong Kong OR China (which you may have read and can
reference correctly, or which you have made up and should be referenced with your family
name and the current year, e.g. (Fan, 2019). You are not required to write a reference list.

Describe the advantages and disadvantages of studying vocational education, in either Hong

Kong or China, and in another country.

The Highs and Lows of Vocational Education [adapted]

by Matt Barnum (2017)
What’s one education topic that right wing, left wing, and all politicians support? It is vocational
training - something they’ve all said America needs in order to create a balance of practical as well
as academic school leavers. While President Trump praised Germany’s approach to vocational
education recently, he actually plans to reduce funding for it, but, at least in theory, there’s wide
support for helping more students learn career-specific skills.
Yet new international research points to a significant downside of such programs: Students may
benefit early in their careers, but are harmed later in life as the economy changes and they lack the
less specific skills necessary to adapt. The study raises concerns about the positive and negative
effects of expanding vocational training in the United States. “Individuals with general education
initially face worse employment outcomes, but with improved experience as they become older,
they have increased employment opportunities, relative to individuals with vocational education,”
write four researchers in the study.
Many European and developing countries provide extensive vocational training, including
apprenticeships with involvement from industry, the authors note. That stands in contrast with the
U.S., which has reduced or eliminated separate vocational tracks in most high schools. Looking at
11 European countries, the researchers compared students within the same country who went on the
vocational track to similar students who went through a general-education program. The result is
that although vocational students make higher salaries and are more likely to be employed as young
adults, this advantage fades over time; by their late forties, those who went through a general
education program have higher employment rates. Those findings were confirmed with more
detailed data from Germany. “The advantages of vocational training in smoothing entry into the
labor market have to be set against disadvantages later in life,” the study concludes.
At age 10, Germany requires students to choose a vocational high school, academic high school, or
what one article described as “something in between.” Students have frequent opportunities to move
between these choices as they progress with their studies. However, in the U.S., vocation-focused
courses are often just a small part of a student’s course load. As of 2009, the average American
student took 3.6 vocational classes in high school.
The authors of the latest research say the findings don’t imply that vocational education is
necessarily a bad idea, just that it is important to understand the advantages and disadvantages of
each choice. The results also suggest that policymakers looking only at the short-term impacts of
such programs may not be getting an accurate understanding of their effects. One recent study of
Arkansas’s high-school vocational program, which requires students to take six career-focused
classes in high school in order to graduate and allows them to concentrate in specific areas, found
that participants had higher earnings and employment rates as young adults. Longer-run impacts
were not examined, however.