Questions
How different is it to be a CPA in Uk than being a CPA in USA?...

How different is it to be a CPA in Uk than being a CPA in USA?

I want the similarities and differences

In: Accounting

Explain the nature and content of audit reports. Has the new expanded audit format in UK...

Explain the nature and content of audit reports. Has the new expanded audit format in UK worked?

In: Finance

: Are tax Treaties necessary? Refer to the ‘Australian – UK Tax Treaty’. Write about 3000...

: Are tax Treaties necessary? Refer to the ‘Australian – UK Tax Treaty’. Write about 3000 words.

In: Accounting

What are the demographics of the population(s) migrating in the UK? What are the reasons for...

What are the demographics of the population(s) migrating in the UK? What are the reasons for migrating (push and pull factors)

In: Economics

c. The United Kingdom (UK) left the European Union (EU) at the end of January 2020....

c. The United Kingdom (UK) left the European Union (EU) at the end of January 2020. Ignore any condition or terms of exit from the EU. Briefly describe the expected effect of UK’s separation/divorce from EU on the economies in rest of world. Refer to the definition that an economy is small when world prices and interest rates are independent of domestic economic conditions and your classification of the UK. (You are applying your knowledge about small or large open economy here)

In: Economics

2) Company A is based in UK and has a subsidiary in the US that requires...

2) Company A is based in UK and has a subsidiary in the US that requires funding in USD. It decides to enter into a currency swap agreement with company B in US. Company A will pay 5% on a Sterling principal of £10,000,000 and receive 6% on a US$ principal of $15,000,000 every year for the next 3 years. The current exchange rate is $1.5 USD per UK Sterling. Question: a) Explain and calculate the cash flow exchanges at the beginning, interim periods and at maturity.b) What are the potential advantages for company A in this swap?

In: Finance

Two children are sliding down a snowy hill which is inclined by 45.6 degrees with respect...

Two children are sliding down a snowy hill which is inclined by 45.6 degrees with respect to horizontal. One has a rough sled which has a coefficient of kinetic friction between it and the snow of uk = 0.364; the other has a slippery sled which has a coefficient of kinetic friction between it and the snow of uk = 0.138. If both children start at the top of the 46.3 m tall hill initially at rest, what is the difference in speed between these two sleds at the bottom of the hill?

In: Physics

2) Company A is based in UK and has a subsidiary in the US that requires...

2) Company A is based in UK and has a subsidiary in the US that requires funding in USD.    It decides to enter into a currency swap agreement with company B in US. Company A will pay 5% on a Sterling principal of £10,000,000 and receive 6% on a US$ principal of $15,000,000 every year for the next 3 years. The current exchange rate is $1.5 USD per UK Sterling.

Question:  

  1. Explain and calculate the cash flow exchanges at the beginning, interim periods and at maturity.
  2. What are the potential advantages for company A in this swap?

In: Finance

The university is concerned about a rise in the number of academic offences committed by undergraduate...

The university is concerned about a rise in the number of academic offences committed by undergraduate students. They believe that students do not understand the seriousness of such offences. They develop a course that outlines the potential consequences for students who are involved in academic offenses (e.g. cheating, plagiarism, etc.) in order to deter students’ acceptability of committing these offenses. All first year students are required to take the course. To assess the effectiveness of the course in deterring (or reducing) acceptability of academic offences, before the course starts, a random sample of 150 first year students are asked to complete a questionnaire that includes a scale to assess their views on the acceptability of committing an academic offence. After the course is over, a different sample of 156 first year students complete the same questionnaire. Scores on the scale range from 0 to 25 (interval/ratio measure), with a mean (X") and standard deviation (s) determined for the scores in each sample. Higher scores reflect GREATER acceptability of academic offences.

(a) What are the null hypothesis and alternate or research hypothesis that you would state in order to assess the effectiveness of the course in deterring acceptability of academic offences?

(b) What sampling distribution would you use, and what formula(s) would you use?

(c) Given an alpha level of 0.05, what is the critical value of the test statistic?

(d) If the value of the obtained test statistic is +1.754, what would you conclude about the effectiveness of the course? Be sure to state the conclusion in statistical terms, and in words.

Show your work

In: Statistics and Probability

Alicia Strong is a foreign exchange dealer for a bank in Australia. She wishes to consider...

Alicia Strong is a foreign exchange dealer for a bank in Australia. She wishes to consider whether International Parity Condition (IPC) holds between the British pound and the Australian dollar. Alicia also wonders whether she should invest in AUD or in British pounds (£) to make a covered interest arbitrage (CIA) profit. Depending on the CIA opportunity, she can borrow either A$1,000,000 or £1,000,000 to invest for the next 12 months.

Consider Australia as home market and the UK as foreign market. She faces the following interest rates, exchange rates and inflation rates:

                Nominal interest rate is 5% in Australia (rh)

                Nominal interest rate is 2% in the UK (rf).

                Current spot rate, e0 is A$1.50/£ and

                1-month forward rate, f1 is A$1.65/£

                Inflation rate in Australia 3.5%

                Inflation rate in the UK 1.5%

               

Using this information:

  1. Given the current spot rate and relative inflation rates for the UK and Australia, what does PPP suggest the future expected spot rate will be?

  1. Does interest parity hold? If not, where do you recommend that Alicia borrow and invest and why?

  1. Assuming no transaction costs, what would Alicia’s covered interest arbitrage profit be on the borrowed amount of A$1,000,000 or £1,000,000 (use 2 decimal points)?

In: Finance