Questions
f the exchange rate between US and Iceland is 1 U.S. dollar for 100 Iceland Krona,...

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...

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...

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...

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​%?

  1. Calculate the test statistic ZSTAT.
  2. Identify the​ p-value from your technology​ output, rounding to three decimal places.
  3. Conclusion: Is there significant evidence to conclude that there is strong evidence in support of the claim 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 61​%. ​

In: Math

Fullerton Company (a U.S. taxpayer) has wholly-owned subsidiaries located in Hungary and Hong Kong. The Hungarian...

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...

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...

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

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 Income Statement For the Years...

The comparative statements of Wahlberg Company are presented here.

Wahlberg Company
Income Statement
For the Years Ended December 31

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
Balance Sheets
December 31

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

Exercise 21-05 Splish Brothers Leasing Company signs an agreement on January 1, 2020, to lease equipment...

Exercise 21-05

Splish Brothers Leasing Company signs an agreement on January 1, 2020, to lease equipment to Cole Company. The following information relates to this agreement.
1. The term of the non-cancelable lease is 6 years with no renewal option. The equipment has an estimated economic life of 6 years.
2. The cost of the asset to the lessor is $291,000. The fair value of the asset at January 1, 2020, is $291,000.
3. The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $29,100, none of which is guaranteed.
4. The agreement requires equal annual rental payments, beginning on January 1, 2020.
5. Collectibility of the lease payments by Splish Brothers is probable.
Assuming the lessor desires a 9% rate of return on its investment, calculate the amount of the annual rental payment required. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and the final answer to 0 decimal places e.g. 5,275.)
Amount of the annual rental payment
Prepare an amortization schedule that is suitable for the lessor for the lease term. (Round answers to 0 decimal places e.g. 5,275.)

SPLISH BROTHERS LEASING COMPANY (Lessor)
Lease Amortization Schedule

Date

Annual Lease Payment Plus
URV

Interest on Lease
Receivable

Recovery of Lease
Receivable

Lease Receivable

1/1/20

1/1/20

1/1/21

1/1/22

1/1/23

1/1/24

1/1/25

12/31/25

Prepare all of the journal entries for the lessor for 2020 and 2021 to record the lease agreement, the receipt of lease payments, and the recognition of revenue. Assume the lessor’s annual accounting period ends on December 31, and it does not use reversing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

1/1/20

(To record the lease)

1/1/20

(To record the receipt of lease payment)

12/31/20

1/1/21

12/31/21

In: Accounting