Sarah is the owner of a pre-school called “We Care for Kids” located in Sydney. Between January 2018 and December 2019, Sarah's business has boomed. Many parents were forced to place their names on a waiting list in the hopes of a future vacancy. Sarah’s business was chronically short staffed and consequently she was working very long hours. When Sarah heard that her sister, Jenny, who lived in Western Australia, had recently completed childcare qualifications at University, she sent her an email on the 17th of January 2020, which stated: “Dear Jenny, I am absolutely swamped at my pre-school and I desperately need help. Mum tells me that you have completed your childcare diploma at University. Would you be interested in coming to Sydney and working for me as a childcare worker? For $80 per week, I will rent you the granny flat at the rear of my house. The tenant who is living there now has given me notice – he is moving out by January 25. I would love to see you. Love, Sarah” Unfortunately, two days after Sarah sent Jenny the email, several children at the childcare centre were diagnosed with COVID 19. As a consequence, many parents withdrew their children from the pre-school and consequently business was drastically reduced. Sarah then had no need for any further staff, including Jenny. Meanwhile, Jenny was thrilled to receive Sarah’s email because many of her friends had gone to live and work in Sydney after finishing their University studies. By January 20, 2020 news of the COVID 19 outbreak at Sarah's childcare centre was being covered widely by the media. Jenny saw those media reports. Wanting to tie Sarah to the deal quickly, Jenny replied by posting a letter on January 21, as follows: “Dear Sarah, Thank you very much for this opportunity. I have resigned my job here and have bought a plane ticket. I leave on January 23 to go to Queensland for a beach holiday and I will arrive in Sydney on Wednesday, February 5, 2020. I will be ready to start work for you straight away. Also thank you for your offer of the rental of the granny flat – I accept with pleasure. Thanks again, love, Jenny” Sarah received this letter on February 1, 2020. However, on January 28, Sarah sent an email to Jenny describing what had happened to her business and telling her that there was no job for her at this time. Unfortunately, Jenny did not read this email because she had already left for Queensland. Whilst she was travelling, she did not access her email. Advise Jenny whether a binding contract exists.

please provide answers with issue, law, application and conclusion in regards to the contract law.

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.
Respond to the following in a minimum of 175 words:

Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.

Do you agree with their assertions? Why or why not?

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.

Respond to the following in a minimum of 175 words:

• Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
• Do you agree with their assertions? Why or why not?

1.a.  One unit of Indian Rupees is worth US $0.0210, and a Euro is worth US$1.2785. What is the value of the Rupees in Euro (i.e., how many Euro you can buy with one unit of Rupees)?

b. You take a one year long position in a forward FX contract on Euro at a forward rate of $1.2195/Euro.  The contract amount is 50 million Euro.  If the spot FX rate for the yen a year from now is $1.2087/Euro, what is the US dollar gain (loss) on the long forward position on Euro?   

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.

Respond to the following in a minimum of 275 words:

• Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
• Do you agree with their assertions? Why or why not?

The University of California, Berkeley (Cal) and Stanford University are athletic archrivals in the Pacific 10 conference. Stanford fans claim Stanford's basketball team is better than Cal's team; Cal fans challenge this assertion. In 2004, Stanford University's basketball team went nearly undefeated within the Pac 10. Stanford's record, and those of Cal and the other eight teams in the conference, are listed in In all, there were 89 games played among the Pac 10 teams in the season. Stanford won 17 of the 18 games it played; Cal won 9 of 18. We would like to use these data to test the Stanford fans' claim that Stanford's team is better than Cal's. That is, we would like to determine whether the difference between the two teams' performance reasonably could be attributed to chance, if the Stanford and Cal teams in fact have equal skill.

To test the hypothesis, we shall make a number of simplifying assumptions. First of all, we shall ignore the fact that some of the games were played between Stanford and Cal: we shall pretend that all the games were played against other teams in the conference. One strong version of the hypothesis that the two teams have equal skill is that the outcomes of the games would have been the same had the two teams swapped schedules. That is, suppose that when Washington played Stanford on a particular day, Stanford won. Under this strong hypothesis, had Washington played Cal that day instead of Stanford, Cal would have won.

A weaker version of the hypothesis is that the outcome of Stanford's games is determined by independent draws from a 0-1 box that has a fraction p_C of tickets labeled "1" (Stanford wins the game if the ticket drawn is labeled "1"), that the outcome of Berkeley's games is determined similarly, by independent draws from a 0-1 box with a fraction p_S of tickets labeled "1," and that p_S = p_C. This model has some shortcomings. (For instance, when Berkeley and Stanford play each other, the independence assumption breaks down, and the fraction of tickets labeled "1" would need to be 50%. Also, it seems unreasonable to think that the chance of winning does not depend on the opponent. We could refine the model, but that would require knowing more details about who played whom, and the outcome.)

Nonetheless, this model does shed some light on how surprising the records would be if the teams were, in some sense, equally skilled. This box model version allows us to use Fisher's Exact test for independent samples, considering "treatment" to be playing against Stanford, and "control" to be playing against Cal, and conditioning on the total number of wins by both teams (26).

Q1) On the assumption that the null hypothesis is true, the bootstrap estimate of the standard error of the sample percentage of games won by Stanford is ?

Q2) On the assumption that the null hypothesis is true, the bootstrap estimate of the standard error of the sample percentage of games won by Cal is ?

Q3) The approximate P-value for z test against the two-sided alternative that the Stanford and Berkeley teams have different skills is ?

Note :*The z-score for the difference in sample percentages is 2.97685*

Phil is a self employed plumber and his wife, Lauren, is a full-time employee for the University. Lauren has health insurance from a qualified plan provided by the University, but Phil has chosen to purchase his own health insurance rather than participate in Lauren's plan. Besides paying $5,400 for his health insurance premiums, Phil also pays the following expenses associated with his plumbing business:

Plumbing tools and supplies $1,300

Rent on Phil's plumbing shop 6,250

Transportation between Phil's shop and various job sites 500

Plumber's Uniform    50

Plumbing truck rental     7,200

Self employment tax (1/2 is employer's share 400

What is the amount of deductions for AGI that Phil can claim this year (2018)?

Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a salary of $64,000. Meg works part-time at the same university. She earns $21,000 a year. The couple does not itemize deductions. Other than salary, the Comers’ only other source of income is from the disposition of various capital assets (mostly stocks). Assume they file a joint return. (Use the tax rate schedules.) (Round final answers to the nearest whole dollar amount.)

a. What is the Comers’ tax liability for 2017 if they report the following capital gains and losses for the year?

3. We want to estimate the difference between the mean starting salaries for recent graduates with mechanical engineering and aerospace engineering bachelor’s degrees from an university. The following information is provided:

a) A random sample of 49 starting salaries for mechanical engineering graduates produced a sample mean of $64,650 and a standard deviation of $7,000.

b) A random sample of 36 starting salaries for aerospace engineering graduates produced a sample mean of $63,420 and a standard deviation of $6,830.

(1) Find a 95% confidence interval for the difference between the two mean starting salaries.

(2) Someone made a statement that mechanical engineering new graduates make more money than aerospace engineering new graduates on average at the university. Do you agree with the statement? Explain why.