Is an allegory of what happened in the U.S. economy during the great recession of 2008-2009. Therfore, starting from a position of equilibrium in AD-AS, explain what happened to U.S. economy during the great recession of 2008-2009. what did the U.S. goverment and/or the Fedreal Reserve do to get the U.S. out of recession? What eventually happened in 2015-2016 to improve the U.S. economy, GDP, and unemployment, while also decreasing prices? (Explain graphically and writing)

Suppose that you have U.S. $1,000,000 to invest in the market. Considering the following information, you have decided to engage in triangular arbitrage. What is your profit from triangular arbitrage? Value of Australian dollar in U.S. dollars = U.S. $ 0.90 Value of New Zealand dollar in U.S. dollars = U.S. $ 0.30 Value of Australian dollar in New Zealand dollars = NZ $ 3.02 A. $8,255 B. $1,008,255 C. $6,667 D. $1,006,667 E. $4,111

The following information was disclosed during the audit of Shawna Inc.:

1. On January 1, 2020, equipment was purchased for $400,000. For financial reporting purposes, the company uses straight-line depreciation over a five-year life, with no residual value. For tax purposes, the CCA rate is 25%. Assume the equipment is considered “eligible equipment” for purposes of the Accelerated Investment Incentive (under the AII, instead of using the half-year rule, companiesare allowed a first-year deduction using 1.5 times the standard CCA rate).
2. In January 2021, $225,000 was collected in advance for the rental of a building for the next three years. The entire $225,000 is reported as taxable income in 2021, but $150,000 of the $225,000 is reported as unearned revenue on the December 31, 2021 SFP. The $150,000 of unearned revenue will be earned equally in 2022 and 2023.
3. The tax rate is 30% in 2020 and all subsequent periods.
4. No temporary differences existed at the end of 2019. Shawna expects to report taxable income in each of the next five years. Its fiscal year ends December 31.

Shawna Inc. follows IFRS.

Instructions

a. Calculate the amount of capital cost allowance and depreciation expense for 2020 and 2021, and the corresponding carrying amount and undepreciated capital cost of the depreciable assets at December 31, 2020 and 2021.

b. Determine the balance of the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2020, and indicate the account's classification on the SFP.

c. Prepare the journal entry(ies) to record income taxes for 2020.

d. Draft the bottom of the income statement for 2020, beginning with “Income before income tax.”

e. Determine the balance of the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2021, and indicate the account's classification on the December 31, 2021 SFP.

f. Prepare the journal entry(ies) to record income taxes for 2021.

g. Prepare the bottom of the income statement for 2021, beginning with “Income before income tax.”

h. Provide the comparative SFP presentation for the deferred tax accounts at December 31, 2020 and 2021. Be specific about the classification.

i. Is it possible to have more than two accounts for deferred taxes reported on an SFP? Explain.

j. How would your response to part (h) change if Shawna Inc. reported under the ASPE future/deferred income taxes method?

imagine you are the CEO of Salomon Brothers, where serious and terrible ethical breaches harmed their stakeholders, especially their employees. discuss what specific concrete steps you would take to restore your company’s reputation if it’s been sullied (dirtied)? why are these steps important?

Following is "Salomon Brothers" case

Salomon Brothers Before its implosion in 1990, Salomon Brothers was one of the premier global investment banks—perhaps the most direct competitor of the mighty Goldman Sachs. In December 1990, however, the head of Salomon’s government bond trading desk, Paul Mozer, decided to test the regulatory resolve of the U.S. Treasury. Annoyed by the federal limits on the percentage of Treasury bonds any one firm could bid for in Treasury auctions—the ceiling was 35 percent—Mozer devised a plan to evade the regulation. He submitted a bid for Salomon Brothers, and he submitted an unauthorized bid in the name of one of his customers. The two bids combined represented 46 percent of the auction—a clear violation of the rules. Mozer repeated this several times and in April 1991, he described the tactic to four Salomon executives: Chairman John Gutfreund, President Thomas W. Strauss, Vice Chairman John W. Meriwether, and General Counsel Donald M. Feuerstein. These executives told Mozer to stop his scheme but did not report him to the Securities and Exchange Commission. In June, the SEC subpoenaed Salomon for its auction records. In August, Salomon finally alerted the SEC to Mozer’s activities. Immediately following the disclosure to the SEC, Mozer was suspended from his job; shortly afterward, the board of directors asked the four Salomon executives to resign from the firm and fired Salomon’s outside law firm. The board named one of its own members, Warren Buffett, as interim chairman.61 The publicity generated by the Salomon scandal was devastating to the firm and its shareholders. Its market value dropped by over one‐third—$1.5 billion—in the week following the disclosure. Its debt was downgraded by various rating agencies, and major banks reevaluated Salomon’s loan terms. Because of the firm’s decreased liquidity, its ability to trade was dramatically reduced. In addition to the immediate financial debacle, teams of Salomon Brothers personnel left the firm. Weakened by the bad press and the defections of talent, Salomon Brothers managed to remain independent until 1998, when it was acquired by the Travelers Group and eventually it became part of Citigroup. This is just one more example of how personal hubris (on the part of Mozer) and refusal to report such hubris to the regulators (on the part of the firm’s executive team) can result in a death sentence, especially in the financial industry where reputation is everything.

Corporate governance questions

Many foreign companies list their shares in the U.S. market and are thus subject to the monitoring of U.S. auditors and securities regulators such as SEC and PCAOB. Discuss the benefits of cross-listing shares in the U.S. market by foreign companies and the challenges to monitoring foreign companies that U.S. auditors and securities regulators face.

10 U.S. citizens, who are unrelated, each invest in the common shares of a new Foreign Co. at 10% ownership each. Foreign Co will buy shares of both U.S. and non-U.S. public companies. These investments will produce dividend income. What, if any, are the U.S. tax consequences that they should be concerned about?

General, Inc. leases equipment to different types of businesses. The company generally acquires the equipment and leases the equipment to its customers under long-term sales-type leases. General’s implicit interest in the lease arrangements is 10% annual rate.

General leased its machine that it purchased for $30,900 to a lessee, Oscar Company on January 1, 2018. The lease contract specified annual payments of $8,000 beginning January 1, 2018, the beginning of the lease, and each January 1 through 2020 (three-year lease term). Oscar Company has the option to purchase the machine at the end of the lease term, December 31, 2020, for $12,000 when it is expected to have a residual value of $16,000, considered a bargain purchase amount. The Company’s year-end is 12/31.

Required:

1. Show how General calculated the $8,000 annual lease payments for this sales-type lease.

2. Prepare an amortization schedule that describes the pattern of interest revenue for General, Inc. over the lease term.

3. Prepare the appropriate entries for General, Inc. from the beginning of the lease through the end of the lease term.

Write a C++ program which prints consecutive dates to the console window starting at January 1, 2000, as follows.

Saturday, January 1, 2000 Sunday, January 2, 2000 Monday, January 3, 2000 Tuesday, January 4, 2000 ...

You will define a function which prints the dates indefinitely, exactly as given above, or prints a specific number of dates. For example, if your function prints 7,581 days the result would look like this.

Saturday, January 1, 2000 Sunday, January 2, 2000 ...
Thursday, October 1, 2020 Friday, October 2, 2020

Your program must print every date, of course, so the console output above should be 7,581 lines.

Requirements

1. Your program must have exactly three files with exact names date functions.cpp, date functions.h, and main.cpp. All functions must be declared in date functions.h and defined in date functions.cpp. Your main.cpp must include main() and consist of any tests you wish. I will not check your main(), but you must submit it nonetheless.

2. You may define as many helper functions as you wish in date functions.cpp. How- ever, there are two required functions,

and

void print consecutive dates(int num, int delay ms); bool is leap year(int year);

The former prints num consecutive dates (or prints indefinitely if num is 0) with a de- lay of delay ms milliseconds in between each date (with no delay if delay ms is 0). You must define is leap year as its name describes, and define print consecutive dates to use the function is leap year in a meaningful way.

3. You can use cout in the function print consectutive dates, but you may not use it anywhere else in your program, except main(). You may not use cin anywhere in

your program except main(). (Feel free to use cin/cout anywhere in your code when testing, but your final submission must follow the aforementioned rules.)