.a)What attracts you to JP Morgan and specifically the Asset Managemnt opportunity?
b) Describe what factors have influenced financial markets in recent months and how they might affect our clients.
C. Tell us about a time when you faced a complex problem and how you found the solution.
Help me with these interview questions please and how i can answer them

In a large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 70% as large as the proportion of accountants with no MBA degree and less than five years of professional experience. Furthermore, 20% of the accountants in this firm have MBA degrees, and 26% have fewer than five years of professional experience. If one of the firm’s accountants is selected at random, what is the probability that this accountant has no MBA degree AND less than five years of professional experience?

In September 2017, the company acquired Blue River Technology (Blue River), which is based in Sunnyvale, California. Blue River has designed and integrated computer vision and machine learning technology to optimize the use of farm inputs. Machine learning technologies could eventually be applied to a wide range of the company's products. The fair values assigned to the assets and liabilities related to the acquired entity were approximately $1 million of trade receivables, $2 million of property and equipment, $193 million of goodwill, $125 million of identifiable intangible assets, $1 million of accounts payable and accrued expenses, and $36 million of deferred tax liabilities. The identifiable intangibles were primarily related to in-process research and development, which will not be amortized until the research and development efforts are complete or end. The goodwill is not expected to be deducted for tax purposes.

(a) Assuming that Blue River has never acquired another company, what were the assets on its balance sheet before acquisition by John Deere?

(b) The exhibits tell us that the fair value of Blue River’s net identifiable assets is $91 million. What is the amount of cash paid for Blue River?

Is it legal to ask these questions during the pre-employment stage? Base your answers on the information in your text. Can you give an example of an inappropriate/illegal question you might have been asked in the course of the interview process?

Kathy was asked what her maiden name on the interview when she went for her new job today. She told them but wondered why they asked that question.

Margaret was asked how much longer she plans to work before retiring. She actually did not know when she would retire but told them 62 so that she would land the job opportunity. This is her first job since her car accident.

During a job interview at a large company, Walter was asked for references from a past manager at a Wall Street Brokerage House and Investment Bank. She called Terry and asked to forward the reference.

AMP Corporation (calendar-year-end) has 2020 taxable income of $1,900,000 for purposes of computing the §179 expense. During 2020, AMP acquired the following assets:

1.What is the maximum amount of §179 expense AMP may deduct for 2020?

2.What is the maximum total depreciation, including §179 expense, that AMP may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation?

Assignment Problem Three - 14 (Employment Income)

For the past five years, Mr. Brooks has been employed as a financial analyst by a large Canadian

public firm located in Winnipeg. During 2020, his basic gross salary amounts to $63,000. In addition, he was awarded an $11,000 bonus based on the performance of his division. Of the total bonus, $6,500 was paid in 2020 and the remainder is to be paid on January 15, 2020.

During 2020, Mr. Brooks’ employer withheld the following amounts from his gross wages:

Other Information:

1. Due to an airplane accident while flying back from Thunder Bay on business, Mr. Brooks was seriously injured and confined to a hospital for two full months during 2020. As his employer provides complete group disability insurance coverage, he received a total of $4,200 in payments during this period. All of the premiums for this insurance plan are paid by the employer. The plan provides periodic benefits that compensate for lost employment income.
2. Mr. Brooks is provided with a car that the company leases at a rate of $678 per month, including both GST and PST. The company pays for all of the operating costs of the car, and these amounted to $3,500 during 2020. Mr. Brooks drove the car a total of 35,000 kilome- tres during 2020, 30,000 kilometres of which were carefully documented as employment- related travel. While he was in the hospital (see Item 1), his employer required that the car be returned to company premises.
3. In order to assist Mr. Brooks in acquiring a new personal residence in Winnipeg, his employer granted him a five year, interest free loan of $125,000. The loan qualifies as a home reloca- tion loan. The loan was granted on October 1, 2020, and, at this point in time, the interest rate on open five year mortgages was 5 percent. Assume the relevant ITR 4301 rate was 2 percent on this date. Mr. Brooks purchases a house for $235,000 on October 2, 2020. He has not owned a home during any of the preceding four years.
4. Other disbursements made by Mr. Brooks include the following:

Mr. Brooks’ employer reimbursed him for the tuition fees for the accounting course, but not the music course.

Required: Calculate Mr. Brooks’ net employment income for the taxation year ending December 31, 2020.

1. (10) Evaluate each of the following statements – how does the situation affect the incentive to invest in a college degree? Why?

a. People who going into craft training programs such as carpentry or plumbing are making high wages.

b. A husband is planning to stay at home to raise his children.

c. Two siblings have entered college – one is a straight-A student with plenty of scholarships while the other maintained a 1.5 GPA in high school and must pay for most of their education out of pocket or through loans.

d. A college athlete receives a full scholarship to play hockey for the university he attends.

e. A 60-year old worker is deciding whether or not to pursue an MBA.

Problem #2

A machine, which cost $400,000, is acquired on October 1, 2020. Its estimated salvage value is $30,000 and its expected life is 8 years.

Instructions

Calculate depreciation expense for 2020 and 2021 by each of the following methods, showing the figures used. SHOW ALL WORK!

(a) Double-declining balance

(b) Straight-Line

The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

1. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition.
2. Land A and Building A were acquired from a predecessor corporation. Thompson paid $832,500 for the land and building together. At the time of acquisition, the land had a fair value of $110,400 and the building had a fair value of $809,600.
3. Land B was acquired on October 2, 2019, in exchange for 3,200 newly issued shares of Thompson’s common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $27 per share. During October 2019, Thompson paid $10,600 to demolish an existing building on this land so it could construct a new building.
4. Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $230,000 of the estimated total construction costs of $320,000. Estimated completion and occupancy are July 2022.
5. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $16,800 and the residual value at $2,200.
6. Equipment A’s total cost of $112,000 includes installation charges of $570 and normal repairs and maintenance of $13,000. Residual value is estimated at $4,500. Equipment A was sold on February 1, 2021.
7. On October 1, 2020, Equipment B was acquired with a down payment of $4,200 and the remaining payments to be made in 10 annual installments of $4,200 each beginning October 1, 2021. The prevailing interest rate was 7%.

The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

1. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition.
2. Land A and Building A were acquired from a predecessor corporation. Thompson paid $772,500 for the land and building together. At the time of acquisition, the land had a fair value of $103,200 and the building had a fair value of $756,800.
3. Land B was acquired on October 2, 2019, in exchange for 2,600 newly issued shares of Thompson’s common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $21 per share. During October 2019, Thompson paid $10,000 to demolish an existing building on this land so it could construct a new building.
4. Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $170,000 of the estimated total construction costs of $260,000. Estimated completion and occupancy are July 2022.
5. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $14,400 and the residual value at $1,600.
6. Equipment A’s total cost of $102,000 includes installation charges of $510 and normal repairs and maintenance of $10,600. Residual value is estimated at $5,000. Equipment A was sold on February 1, 2021.
7. On October 1, 2020, Equipment B was acquired with a down payment of $3,600 and the remaining payments to be made in 10 annual installments of $3,600 each beginning October 1, 2021. The prevailing interest rate was 7%.

Required:
Supply the correct amount for each answer box on the schedule. (Round your intermediate calculations and final answers to the nearest whole dollar.)