The Uniform Principal and Income Act of 2000 (Uniform Act) allows the trustee to make adjustments between the principal and income accounts as necessary under certain requirements. Examine the major reasoning for allowing such transfers by the trustee and recommend alternatives to the allowance of the adjustments. Justify your response.

Margaret Jones established the “Jones Family Trust” in 2000 with XYZ Pty Ltd as the corporate trustee. Margaret and her husband Dean are the directors of the trustee company. The trust holds a variety of investments in property and cash. The trust was established to protect investments as Dean is always concerned that he could be sued for negligence.

The trust records for the 2019-20 income tax year disclose the following:

Receipts ($)

95,000 Rent from investment properties

5,000   Interest from a bank account

Payments ($)

1,500   Accounting expenses for tax return

12,000 Repairs to investment properties

8,000   Interest on a loan for the investment property

2,000   Legal expenses incurred in defending a claim by a tenant

Margaret does not work. Dean is a senior tax manager and received a salary of $180,000 in 2019-20 income tax year.

They have three children:

•           a son, Paul, aged 22 years, a student at university who earned $10,000 for the year;

•           a daughter, Racheal, aged 18, also a university student who earned only $3,000 for the year; and

•           a second daughter, Kate, aged 14 years, a full time high school student with no other income.

Dean has his grandfather living with him and he had no income for the year. All family members are beneficiaries of the trust and Dean had also established a corporate beneficiary which was able to receive trust distributions.

Required:

Advise as to how the net income can be distributed in the most tax-effective way citing relevant legislation to support your answer.

Assume the market for plastic kitchenware in your country has the demand curve P = 2000 – 0.01Q, and the domestic supply curve P = 500 + 0.02Q. For simplicity, we ignore the exchange rate and currency difference here.

1. Now suppose the government decides to eliminate tariff but imposes an import quota instead. The total amount of import is limited at 60,000 (assume the foreign producers can actually deliver so many unites).
   1. Solve for the domestic demand, domestic supply, and market price under the quota?
   2. Calculate the National Welfare under the quota.

Car A has a mass of 2000 kg and speed of 10 miles per hour. Car B has mass of 1000 kg and speed of 30 miles per hour. The two cars collide to each other and stick together after collision in three different situations. Calculate the velocity of the two cars after the collision.

1. Car A moves East and car B moves West and had a head to head collision. Calculate the velocity of the two cars after the collision (speed and direction).

2. Car B follows car A and both head toward the East. Car B had a head to tail collision with car A. Calculate the velocity for the two cars after the collision(speed and direction).

3.Car A moves to the East and car B moves to the North and collide in a cross road. Calculate the velocity for the two cars after the collision (speed and the angle of the velocity).

11.A 8-year bond with a face value of $2000 is redeemable at par and earns interest at 9.2% convertible semiannually. If the yield rate is 6.9% convertible semiannually, find the book value 4 months after the payment of the 7th coupon. (Use simple interest for time between coupon payments.)

Value = $ (3 decimal place)

(a) Read and modify the following passage given below:

Passage:

Since 2000, the technologies known as social media have grown exponentially. Social media is “a group of internet-based applications that build on the ideological and technological foundations of web 2.0, and allow the creation and exchange of user generated content” (Kaplan and Heinlein,61). In other words, social media allow creators to interact with one another by posting, commenting and changing each other’s work. Now in 2012, the two-way communication possibilities have evolved graphically, pleasing easy to use technologies, including social networking sites (Facebook and LinkedIn), microblogs (Twitter), blogs and information sharing tools like wikis, forums,and knowledge bases. These media are so common that employers expect that you will understand and be able to use the various types of media.

(b) What meaning do the terms “Kaplan and Heinlein” in the parentheses serve? Your answer should be based on your understanding of the topic.

(a) Read and modify the following passage given below:

Passage:

Since 2000, the technologies known as social media have grown exponentially. Social media is “a group of internet-based applications that build on the ideological and technological foundations of web 2.0, and allow the creation and exchange of user generated content” (Kaplan and Heinlein,61). In other words, social media allow creators to interact with one another by posting, commenting and changing each other’s work. Now in 2012, the two-way communication possibilities have evolved graphically, pleasing easy to use technologies, including social networking sites (Facebook and LinkedIn), microblogs (Twitter), blogs and information sharing tools like wikis, forums,and knowledge bases. These media are so common that employers expect that you will understand and be able to use the various types of media.

(b) What meaning do the terms “Kaplan and Heinlein” in the parentheses serve? Your answer should be based on your understanding of the topic.

Concrete blocks are produced in lots of 2000. Each block has probability 0.85 of meeting a strength specification. The blocks are independent.

NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part.

1-What is the probability that, in a given lot, fewer than 1690 blocks meet the specification?

2-Find the 70th percentile of the number of blocks that meet the specification.

3-In a group of six lots, what is the probability that fewer than 1690 blocks meet the specification in three or more of them?

An organization monitors many aspects of elementary and secondary education nationwide. Their 2000 numbers are often used as a baseline to assess changes. In 2000 48 % of students had not been absent from school even once during the previous month. In the 2004 ​survey, responses from 6827 randomly selected students showed that this figure had slipped to 47 %. Officials would note any change in the rate of student attendance. Answer the questions below.

​(a) Write appropriate hypotheses.

Upper H 0 : The percentage of students in 2004 with perfect attendance the previous month ▼ is greater than 48%. is less than 48%. is different from 48%. is equal to 48%.

Upper H Subscript Upper A Baseline : The percentage of students in 2004 with perfect attendance the previous month ▼ is greater than 48%. is equal to 48%. is less than 48%. is different from 48%.

(b) Check the necessary assumptions.

The independence condition is ▼ satisfied. not satisfied. The randomization condition is ▼ not satisfied. satisfied. The​ 10% condition is ▼ satisfied. not satisfied. The​ success/failure condition is ▼ not satisfied. satisfied. ​

(c) Perform the test and find the​ P-value. ​P-value equals ________ ​(Round to three decimal places as​ needed.) ​

(d) State your conclusion. Assume a=0.05.

A. We fail to reject the null hypothesis. There is sufficient evidence to suggest that the percentage of students with perfect attendance in the previous month has changed.

B. We can reject the null hypothesis. There is sufficient evidence to suggest that the percentage of students with perfect attendance in the previous month has changed.

C. We fail to reject the null hypothesis. There is not sufficient evidence to suggest that the percentage of students with perfect attendance in the previous month has changed.

6) I took a random sample of people from the 2000 U.S. Census and recorded the incomes. The sample size was n = 30 (with replacement). The average of the sample was $23606 and the standard deviation of the sample was $24757. Answer these questions using the statistics that I found from my sample.

a) Find a 95% confidence interval for the mean income of the population.
b) What assumptions must you make in order for the 95% confidence level to be correct?
c) Your confidence interval is of the form (LB, UB) where LB and UB are both numbers. Suppose I'm going to take a new sample of size 30. Can I conclude that the probability the average of my sample is between LB and UB is 95%? (where LB and UB are the values you found in your interval.) Why or why not?
d)A politician claims that the mean income of US residents (in 2000) was $25,000. Test this claim with an appropriate hypothesis test using a significance level of 5%.
e) For part (d), what's the smallest significance level you could have used so that the result would be that you would reject the null hypothesis?

Consider the following data:

Number of Deaths in the U.S. by Drug Overdose

Year   2000 2001 2002 2003 2004 2005 2006 2007 2008

Deaths 17,046 17,511 14,317 13,372 17,767 14,526 11,155 18,657 16,644

Step 2 of 2 : Find the three-period moving average for the year 2007. If necessary, round your answer to one decimal place.