Questions
In February 2020, the US dollar was trading on the foreign exchange market at 0.88 euros...

In February 2020, the US dollar was trading on the foreign exchange market at 0.88 euros per US dollar, and today the US dollar is trading at 0.83 euros per US dollar.

   how will trading between the two countries be effected?

In: Economics

Instruction: Use Microsoft Visio to draw a use case diagram and a sequence diagram for the...

Instruction: Use Microsoft Visio to draw a use case diagram and a sequence diagram for the following business requirements.

Online Recruiting System (website)

1) The Online Interview System: The search committee usually selects 3 to 5 candidates for a Skype interview. When the search committee starts a Skype interview, they connect their web browsers to an interview module developed by the company’s IT team (we call this type of software as home-developed software). The interview module then connects to Skype. At the same time, the candidate (interviewee) also connects their web browser to Skype. Now the search committee and the candidate can see and talk with each other using their web browsers. Please note the data flow from the committee to the candidate must go through the interview module and Skype.

The interview lasts 40 minutes. During the interview, the interview module is recording a video. After the interview session is closed, the interview module saves the video into the HR database and then calls the AI module to translate the video a Microsoft Word document. After the video is fully translated to a Word document, the interview module saves the Word file into the HR database.

In: Computer Science

Oscar is a resident of Country B. Country B does not have a tax treaty with...

Oscar is a resident of Country B. Country B does not have a tax treaty with the USA. Oscar is an employee of a private company in country B and his employer sends him to the USA in order to do certain work needed to be done in the USA.
Here are his days of presence in the US:
• September 1, 2018, until April 15, 2019. During this time he made $200,000.
• January 1, 2019 until June 30, 2020. During this time he made $55,000.
• He does not return to the USA after this time.
Other facts:
• During each of 2018-2020 he had $155,000 of country B source interest income (would be subjected to the ordinary income tax rate here in the US if taxed here).
• The tax rates in country B are lower than of the USA by a substantial amount.
• The amounts earned that are US source earnings will not be taxed in country B at the same time.

a. Describe his tax status here in the USA and what taxes he would have to pay here. I am not interested in the computation of tax, but what income is subjected to US tax and what type of US taxes he would be subjected to on that income.

b. Assume that country B does have a tax treaty with the US that uses the terms of the 2016 US Model tax treaty. Discuss how this changes things.

In: Accounting

Discuss the following quote from Steve Jobs, Co-Founder of Apple, Inc. Also, detail whether you agree/disagree...

Discuss the following quote from Steve Jobs, Co-Founder of Apple, Inc. Also, detail whether you agree/disagree with the quote and why. Please support your stance with specific details.

"Apple is a very disciplined company, and we have great processes. But that's not what it's about. Process makes you more efficient." (min 200 words)

In: Operations Management

Discuss the following quote from Steve Jobs, Co-Founder of Apple, Inc. Also, detail whether you agree/disagree...

Discuss the following quote from Steve Jobs, Co-Founder of Apple, Inc. Also, detail whether you agree/disagree with the quote and why. Please support your stance with specific details.

"Apple is a very disciplined company, and we have great processes. But that's not what it's about. Process makes you more efficient." (min 200 words)

In: Operations Management

You are 30 years old and are considering full-time study for an MBA degree. Tuition and...

You are 30 years old and are considering full-time study for an MBA degree. Tuition and

other direct costs will be $20,000 per year for two years. In addition, you will have to give
up a job with a salary of $40,000 per year. However, if you go on for two more years of

graduate study, you can increase your earnings to $45,000 per year. Assume a real
interest rate of 4% per year and ignore taxes. Also assume that the salary increase is
constant real amount that starts after you complete your degree at the end of the year
question
following graduation and lasts until retirement at age 70. Assume tuition is paid and
salary received at the end of the year. Is this a worthwhile investment?
Select one:
0 a. NPV of MBA is $96,839.32. Hence, MBA is a worthwhile investment
0 b. NPV of MBA is -$96,839.32. Hence, MBA is NOT a worthwhile investment
0 C. NPV of MBA is $23,632.29. Hence, MBA is a worthwhile investment
0 d. NPV of MBA is -$23,632.29. Hence, MBA is NOT a worthwhile investment

In: Finance

Discussion Question 9-8 (LO. 5, 10) Jamie has an undergraduate degree in finance and is employed...

Discussion Question 9-8 (LO. 5, 10)

Jamie has an undergraduate degree in finance and is employed full-time by a bank. She is taking courses at a local university leading to an MBA degree.

a. Based on the reasons for the taking courses listed below, identify for Jamie whether the associated costs are "Deductible" or "Nondeductible".

It is to maintain or improve existing skills required in her present job.
It is to meet the minimum educational standards for qualification in her existing job.
It is to qualify her for a new trade or business.
It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status.

b. Complete the statement below outlining the limitations imposed on the deduction.

Assume that Jamie is a single filer with an MAGI of $64,000.

Click here to view § 222 Deduction Amounts.

deductible for AGI and deducted from AGI as an itemized deduction which subject to the 2%-of-AGI limitation.

In: Accounting

Social media is considered an important marketing communication channel. and it's a crucial element of a...

Social media is considered an important marketing communication channel. and it's a crucial element of a company's branding strategy. In the past few years, there has been a shift from text-centric to visually-oriented experiences in social media platforms. Business-to-consumer, or B2C, companies like CompanyOne leverage social media platforms—mostly Facebook, Twitter, Instagram, YouTube, and Pinterest—to target and engage their customers. I also want you to recommend two social media platforms, including those listed here,

discuss how CompanyOne can leverage them to enhance its branding strategy.”

Contribute your thoughts in the Slate, Inc.’s project team discussion area, and discuss your ideas with your team members.

Include 2 references one is a scholar and one nonscholary.

Class MBA 640. University of Maryland Global Campus.

Business Admistration.

In: Operations Management

On 1 July 2020 S Ltd acquired 60% of the issued shares of P Ltd. During...

On 1 July 2020 S Ltd acquired 60% of the issued shares of P Ltd. During the year ended 30 June 2021 the following intra group transactions occurred:

  1. Sales of inventory: P Ltd to S Ltd $200,000 (Cost to P Ltd $150,000)

  1. Intragroup inventory on hand 30 June 2021: S Ltd held 40% of the inventory acquired from P Ltd

  1. Intragroup sale of equipment An item of equipment originally acquired by S Ltd on 1 July 2018 at a cost of $200,000 was sold to P Ltd on 1 July 2020 for $170,000. S Ltd had depreciated this asset at 10% per annum on a straight line basis with no scrap value. Subsequent to the sale the expected useful life of the asset is a further 4 years.

  1. During the year ended 30 June 2021 the following dividends were paid:
  • S Ltd       $10,000
  • P Ltd       $2,000

  1. On 31 December 2020 S Ltd lent P Ltd $100,000. Interest on this loan at 6% was paid up to 30 June 2021.
  1. During the year ended 30 June 2021 P Ltd paid S Ltd $4,000 for management services.

Required.

Prepare the consolidation journal entries required to eliminate the above intragroup transactions for the year ended 30 June 2021. Assume a tax rate of 30%

In: Accounting

The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income...

The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $80 million.

SURMISE COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in millions)
2021 2020
Assets
Cash $ 55 $ 58
Accounts receivable 89 106
Less: Allowance for uncollectible accounts (24 ) (4 )
Prepaid expenses 19 16
Inventory 132 110
Long-term investment 89 50
Land 98 98
Buildings and equipment 400 270
Less: Accumulated depreciation (137 ) (108 )
Patent 25 26
$ 746 $ 622
Liabilities
Accounts payable $ 19 $ 42
Accrued liabilities 4 20
Notes payable 48 0
Lease liability 122 0
Bonds payable 64 132
Shareholders’ Equity
Common stock 69 50
Paid-in capital—excess of par 261 205
Retained earnings 159 173
$ 746 $ 622


Required:
Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2021. Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T-account analysis will be helpful. (Hint: The right to use a building was acquired with a seven-year lease agreement. Annual lease payments of $8 million are paid at January 1 of each year starting in 2021.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

SURMISE COMPANY
Statement of Cash Flows
For year ended December 31, 2021
($ in millions)
Cash flows from operating activities:
Net income $58
Adjustments for noncash effects:
Depreciation expense
Bad debt expense
Amortization expense
Changes in operating assets and liabilities:
Decrease in accounts receivable
Increase in inventory
Decrease in accounts payable
Increase in prepaid expenses
Decrease in accrued liabilities
Net cash flows from operating activities $58
Cash flows from investing activities:
Purchase of long-term investment
Net cash flows from investing activities 0
Cash flows from financing activities:
Payment of lease liability
Issuance of notes payable
Retirement of bonds payable
Sale of common stock
Payment of dividends
Net cash flows from financing activities 0
Net increase (decrease) in cash
Cash balance, January 1
Cash balance, December 31 $0
Noncash investing and financing activities:
Acquired use of buildings by lease

In: Accounting