f the exchange rate between US and Iceland is 1 U.S. dollar for 100 Iceland Krona, the U.S. economy is stronger than the Icelandic economy, and U.S. consumers have 100 times more buying power in Icelandic consumers. Do you agree or disagree with the statement.
In: Economics
Returns on common stocks in the United States and overseas appear to be growing more closely correlated as economies become more interdependent. Suppose that the following population regression line connects the total annual returns (in percent) on two indexes of stock prices:
MEAN OVERSEAS RETURN = ?0.07 + 0.20 ? U.S. RETURN
1. What does this number say about overseas returns when the U.S. market is flat (0% return)? (Fill in blanks)
This says that the mean overseas return is ______ % when the U.S. return is 0%.
2.What does this number say about the relationship between U.S. and overseas returns? (Fill in blanks)
This says that when the U.S. return changes by 1%, the mean overseas return changes by ______ %.
3.We know that overseas returns will vary in years when U.S. returns do not vary. Write the regression model based on the population regression line given above. (Fill in blanks)
yi = _____+ ______ xi + ?i, where yi and xi are observed overseas and U.S. returns in a given year, and ?i are independent N(0, ?) variables.
In: Statistics and Probability
Prepare a research paper of 3-4 pages in length
From the data set and the research question that has been presented, prepare a research paper in the following format.
1. Your introduction
3. Test Methodology Used
4. Analysis (meaning) of the data
5. Outcomes
6. Summary.
Research question:
Why has the number of Covid- 19 (Corona Virus) cases continued to be on the increase in India despite massive sensitization by the government?
|
Date |
location |
new_cases |
new_deaths |
total_cases |
total_deaths |
weekly_cases |
weekly_deaths |
biweekly_cases |
biweekly_deaths |
|
2020-09-01 |
India |
69921 |
759 |
3691166 |
65228 |
523843 |
6838 |
988424 |
13431 |
|
2020-09-02 |
India |
78357 |
1105 |
3769523 |
66333 |
535049 |
6884 |
1002250 |
13444 |
|
2020-09-03 |
India |
83883 |
1043 |
3853406 |
67376 |
543172 |
6904 |
1016481 |
13510 |
|
2020-09-04 |
India |
83341 |
1096 |
3936747 |
68472 |
549247 |
6943 |
1030924 |
13623 |
|
2020-09-05 |
India |
86432 |
1089 |
4023179 |
69561 |
559207 |
7011 |
1047478 |
13767 |
|
2020-09-06 |
India |
90632 |
1065 |
4113811 |
70626 |
571078 |
7128 |
1068871 |
13920 |
|
2020-09-07 |
India |
90802 |
1016 |
4204613 |
71642 |
583368 |
7173 |
1098265 |
14100 |
|
2020-09-08 |
India |
75809 |
1133 |
4280422 |
72775 |
589256 |
7547 |
1113099 |
14385 |
|
2020-09-09 |
India |
89706 |
1115 |
4370128 |
73890 |
600605 |
7557 |
1135654 |
14441 |
|
2020-09-10 |
India |
95735 |
1172 |
4465863 |
75062 |
612457 |
7686 |
1155629 |
14590 |
|
2020-09-11 |
India |
96551 |
1209 |
4562414 |
76271 |
625667 |
7799 |
1174914 |
14742 |
|
2020-09-12 |
India |
97570 |
1201 |
4659984 |
77472 |
636805 |
7911 |
1196012 |
14922 |
|
2020-09-13 |
India |
94372 |
1114 |
4754356 |
78586 |
640545 |
7960 |
1211623 |
15088 |
|
2020-09-14 |
India |
92071 |
1136 |
4846427 |
79722 |
641814 |
8080 |
1225182 |
15253 |
|
2020-09-15 |
India |
83809 |
1054 |
4930236 |
80776 |
649814 |
8001 |
1239070 |
15548 |
|
2020-09-16 |
India |
90123 |
1290 |
5020359 |
82066 |
650231 |
8176 |
1250836 |
15733 |
|
2020-09-17 |
India |
97894 |
1132 |
5118253 |
83198 |
652390 |
8136 |
1264847 |
15822 |
In: Accounting
What are companies' biggest obstacles to attracting the best talent? Of 1,000 surveyed U.S. and Canadian talent acquisition professionals, 510 reported that competition for talent is the biggest obstacle at their company. At the 0.01 level of significance, is there evidence that the proportion of all talent acquisition professionals who report competition is the biggest obstacle to attracting the best talent at their company is different from 47%?
In: Math
Fullerton Company (a U.S. taxpayer) has wholly-owned subsidiaries located in Hungary and Hong Kong. The Hungarian operation purchases electric generators manufactured by Fullerton and sells them throughout Eastern Europe; 90 percent of sales are made outside of Hungary. The Hungarian subsidiary generated pretax income of $ 200,000 in the current year. The Hong Kong subsidiary is an investment company that makes investments in world financial markets; 100 percent of its income is generated from passive investments. The Hong Kong subsidiary generated pretax income of $ 100,000 in the current year. Both subsidiaries distribute 100 percent of income to Fullerton Company as a dividend each year. Corporate income tax rates and withholding rates are provided in Exhibits 8.1 and 8.3.
Required: a. Explain why the income earned by the subsidiaries in Hungary and Hong Kong should be included in Fullerton’s U.S. taxable income.
b. Determine the amount of foreign tax credit allowed by the United States in the current year and the amount of excess foreign tax credit, if any.
Exhibit 8.1 International Corporate Tax rates, 2017
Country Effective Tax Rate (%)
Hong Kong 16.5
Hungary 9
United States 40
Exhibit 8.3
Nontreaty Withholding Rates in Selected Countries, 2017
Country Dividend Interest Royalties
Hong Kong 0 0 4.95
Hungary 0 0 0
US 30 30 30
United States 40
In: Accounting
Haliteck Corporation is based in Halifax. At the end of 20X4, the company’s accounting records show the following items: A $108,000 loss from hurricane damage. Total sales revenue of $2,800,000, including $420,000 in the Decolite division, for which the company has a formal plan of sale. Interest expense on long-term debt of $69,000. Increase in fair value of marketable securities of $59,000. Operating expenses of $2,140,000, including depreciation and amortization of $520,000. Of the total expenses, $418,000 (including $79,000 in depreciation and amortization) was incurred in the Decolite division. Haliteck Corporation wrote down tangible capital assets by $33,000 during the year in order to reduce the Decolite division’s assets to their estimated recoverable amount. Haliteck has long-term debt denominated in U.S. dollars. Due to the weakening of the U.S. dollar during 20X4, the company has an unrealized gain of $21,000. Haliteck has a subsidiary in France. The euro strengthened during the year, with the result that Norse had an unrealized gain of $15,000 on its net investment in the subsidiary. Haliteck’s income tax expense for 20X4 is $75,000. This amount is net of a tax recovery of $24,000 on the Decolite division and a $29,000 tax benefit from hurricane damage. The company had 40,000 common shares outstanding at the beginning of the year; an additional 9,000 were issued on March 31. Required: Prepare a continuous SCI. (Round your "Earnings per share" answers to 2 decimal places.) Next
In: Accounting
1.Emily Bradly is part of a team at work that has been charged with the responsibility of researching
differences between IFRS and U.S. GAAP. The team reaches a consensus on a given topic that Emily does not
agree with. Not wanting to enter into a conflict, Emily agrees with the group. What type of bias is
represented in the in the above scenario?
A) availability bias
B) overconfidence bias
C) confirmatory bias
D) groupthink bias
2.Yellow Pencil Company pays Helen, a staff accountant, a $10,000 a month salary. How should the salary
be recognized as an expense?
A) matched with revenue earned by the Yellow Pencil Company
B) systematically allocated with the use of the pencil making machinery of the Yellow Pencil Company
factory
C) upon the sale of pencils and in proportion to those sales
D) recorded as a measure of the effort expended by the staff accountant in the periods in which she works
3.Under U.S. GAAP, revenues are considered ________ when the seller has accomplished what it must do to
be entitled to the revenues.
A) recognized
B) earned
C) realized
D) entitled
4.
he ________ cost is the amount of cash (or equivalent) that a firm paid to acquire an asset, whereas
________ is the amount the firm would pay if the asset were purchased today.
A) historical; current cost
B) present value; current market value
C) historical; current market value
D) realized; present value
I need a correct answer with explanation please,thx!
In: Accounting
Unam acquired the following assets. Financial Year: 31 December
2019. 1. Motor vehicle N$ 100 000 acquired on 30 June 2015
Custom clearance cost N$ 8 500 Transport cost from Walvis Bay to
Windhoek N$ 10 000 Vehicle registration cost N$ 1 500 Depreciation:
4 years’ straight line Scrap value N$ 2 000
2. Furniture and Fittings N$ 150 000 acquired on 01 January 2015
Depreciation: 20% diminishing balance N$ 49 152 residual
value
a) Calculate depreciation each year for both assets? Show each year
depreciation expense and accumulated depreciation.
In: Accounting
The comparative statements of Wahlberg Company are presented
here.
|
Wahlberg Company |
||||||
|
2020 |
2019 |
|||||
| Net sales | $1,813,300 | $1,745,300 | ||||
| Cost of goods sold | 1,010,100 | 994,000 | ||||
| Gross profit | 803,200 | 751,300 | ||||
| Selling and administrative expenses | 512,200 | 481,600 | ||||
| Income from operations | 291,000 | 269,700 | ||||
| Other expenses and losses | ||||||
| Interest expense | 18,700 | 14,000 | ||||
| Income before income taxes | 272,300 | 255,700 | ||||
| Income tax expense | 82,022 | 77,800 | ||||
| Net income | $ 190,278 | $ 177,900 | ||||
|
Wahlberg Company |
||||||
|
Assets |
2020 |
2019 |
||||
| Current assets | ||||||
| Cash | $59,500 | $64,500 | ||||
| Debt investments (short-term) | 70,800 | 50,500 | ||||
| Accounts receivable | 117,900 | 101,500 | ||||
| Inventory | 123,000 | 115,600 | ||||
| Total current assets | 371,200 | 332,100 | ||||
| Plant assets (net) | 600,700 | 516,300 | ||||
| Total assets | $971,900 | $848,400 | ||||
|
Liabilities and Stockholders’ Equity |
||||||
| Current liabilities | ||||||
| Accounts payable | $159,000 | $144,100 | ||||
| Income taxes payable | 42,200 | 41,200 | ||||
| Total current liabilities | 201,200 | 185,300 | ||||
| Bonds payable | 220,000 | 200,000 | ||||
| Total liabilities | 421,200 | 385,300 | ||||
| Stockholders’ equity | ||||||
| Common stock ($5 par) | 276,800 | 299,800 | ||||
| Retained earnings | 273,900 | 163,300 | ||||
| Total stockholders’ equity | 550,700 | 463,100 | ||||
| Total liabilities and stockholders’ equity | $971,900 | $848,400 | ||||
All sales were on account. Net cash provided by operating
activities for 2020 was $216,000. Capital expenditures were
$132,000, and cash dividends were $79,678.
Compute the following ratios for 2020. (Round Earnings
per share, Current ratio and Asset turnover to 2 decimal places,
e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g.
6.8 or 6.8%. Use 365 days for calculation.)
| (a) | Earnings per share | $ | |||
| (b) | Return on common stockholders’ equity | % | |||
| (c) | Return on assets | % | |||
| (d) | Current ratio | :1 | |||
| (e) | Accounts receivable turnover | times | |||
| (f) | Average collection period | days | |||
| (g) | Inventory turnover | times | |||
| (h) | Days in inventory | days | |||
| (i) | Times interest earned | times | |||
| (j) | Asset turnover | times | |||
| (k) | Debt to assets ratio | % | |||
| (l) | Free cash flow | $ |
In: Accounting
|
|
||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
In: Accounting