Three different companies each purchased trucks on January 1, 2018, for $82,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 79,000 miles in 2018, 56,000 miles in 2019, 51,000 miles in 2020, and 71,000 miles in 2021. Each of the three companies earned $71,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. d-1. Calculate the retained earnings on the December 31, 2021, balance sheet?

Retained Earnings

Company A

Company B

Company C

In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer.

Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data:
B: Percent increase
for company   26   23   25   18   6   4   21   37
A: Percent increase
for CEO   21   25   22   14   −4   19   15   30
Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B − A.)
(a) What is the level of significance?
0.05

Correct: Your answer is correct.

State the null and alternate hypotheses.
H0: μd = 0; H1: μd > 0
H0: μd = 0; H1: μd < 0
H0: μd ≠ 0; H1: μd = 0
H0: μd = 0; H1: μd ≠ 0
H0: μd > 0; H1: μd = 0
Correct: Your answer is correct.

(b) What sampling distribution will you use? What assumptions are you making?
The Student's t. We assume that d has an approximately uniform distribution.
The standard normal. We assume that d has an approximately normal distribution.
The Student's t. We assume that d has an approximately normal distribution.
The standard normal. We assume that d has an approximately uniform distribution.
Correct: Your answer is correct.

What is the value of the sample test statistic? (Round your answer to three decimal places.)

USD/NZD 1.51 in nominal currency exchange rate terms. The same "The North Face" parka costs $230.00 in the U.S. and 320.00 New Zealand dollars in New Zealand. The U.S. Federal Reserve Bank decides to raise interest rates.

Based on the above scenario, please select the best answer choice below.

1. CLP/USD .0013 in nominal currency exchange rate terms. A Big Mac costs $3.99 in the U.S. and 4,000 Chilean Pesos in Chile. How much would I expect to pay for the same Big Mac in the U.S. Also, which currency is overvalued? Lastly, where am I better off purchasing the Big Mac?

   	I.	I would expect to pay $3.99 for the Big Mac in the U.S. The Chilean Peso is overvalued. I am better off purchasing the Big Mac in Chile..
   	II.	I would expect to pay $5.20 for the Big Mac in the U.S. The Chilean Peso is overvalued. I am better off purchasing the Big Mac in the U.S.
   	III.	I would expect to pay $3.99 for the Big Mac in the U.S. The Chilean Peso is overvalued. I am better off purchasing the Big Mac in the U.S.
   	IV.	I would expect to pay $5.20 for the Big Mac in the U.S. The Chilean Peso is overvalued. I am better off purchasing the Big Mac in Chile.

QUESTION 6

1. EUR/USD 1.21 in nominal currency exchange rate terms. The same model of Nike shoes costs USD $130 in the U.S. and 185 Euros in Europe. Please select the correct answer.

   	I.	The Euro is overvalued. I am better off purchasing the same Nike shoes in Europe.
   	II.	The Euro is overvalued. I am better off purchasing the same Nike shoes in the U.S.
   	III.	The Euro is underrvalued. I am better off purchasing the same Nike shoes in the U.S.
   	IV.	The Euro is overvalued. I am better off purchasing the same Nike shoes in Europe.

An intensifying oil price war between Saudi Arabia and Russia has created “very painful” market conditions for the world’s largest crude oil producers. International benchmark Brent crude traded at $32.97 Thursday, down almost 8%, while U.S. West Texas Intermediate (WTI) stood at $30.40, around 7.8% lower. Oil prices have almost halved since the start of the year.
Last week, Saudi Arabia failed to secure Moscow’s support for deeper output cuts at a meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC plus. OPEC had proposed to deepen cuts by 1.5 million barrels per day and Russia was asked to cut an extra 300,000 bpd.
“There was no point in cutting until after everyone understood how sharply demand could fall. We cannot fight a falling demand situation when there is no clarity about where the bottom (of demand) is,” Pavel Sorokin, the Russia’s deputy energy minister, said.
“It is very easy to get caught in a circle when, by cutting once, you get into an even worse situation: oil prices would shortly bounce back before falling again as demand continued to fall.”
Cooperation between two (Saudi Arabia and Russia) of the world’s three largest oil producers — the third is the United States — appears to be at an end.
2How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy. 9th March 2020. New York Times
Russia to OPEC - deeper oil cuts won't work. 12th March 2020. Reuter
The losers — and even bigger losers — of an oil price war between Saudi Arabia and Russia. 12th March 2020. CNBC
a) With aid of diagram, explain how the fall in crude oil demand affect the output of OPEC plus members.
b) Discuss why Russia refuse to follow Saudi Arabia’s proposal to cut crude oil production with aid of diagram.

talk about the following: History of protectionist tariffs History of currency manipulation History of the U.S.-China trade war The current state of affairs of the U.S.-China trade talks How this issue is affecting the U.S. economy and Americans.

paper that addresses the following:

• History of protectionist tariffs
• History of currency manipulation
• History of the U.S.-China trade war
• The current state of affairs of the U.S.-China trade talks
• How this issue is affecting the U.S. economy and Americans

The U.S. Currently has a current account deficit with China. What would happen to the Dollar/Yuan spot exchange rate and the U.S. current account deficit if there were a decrease in Chinese investmant in the U.S.? Describe and show graphically.

Why do U.S. wants to hire more foreign workers? How does this affect U.S. GDP, and why does U.S government only offer Visa, but not citizenship or green card for the worker？(3-4 paragraphs)

A five-year loan is being repaid with level monthly installments, one at the end of each month beginning on 1/1/2018 and ending on 12/31/2022. A 12% nominal annual interest rate compounded monthly was used to determine the amount of each monthly installment.

In which of the following periods does the outstanding loan balance first fall below one-half of the original amount of the loan?

a) January 2018 through March 2020

b) April 2020 through June 2020

c) July 2020 through September 2020

d) October 2020 through December 2020

e) January 2021 through December 2022