Part 1

Information for Year 1, Year 2, and Year 3 for the Andean branch of Powell Corporation is presented in the following table. The corporate tax rate in the Andean Republic changes drastically year-to-year. The U.S. corporate tax rate each year is 21%.

1. For Year 1, Year 2, and Year 3, what is the foreign tax credit allowed in the United States (fill in the table with your answer)? Show your work.
   1. $15,70, $21,000, and $21,000
   2. $11,250, $20,000, and $22,000
   3. $75,000, $100,000, and $100,000
   4. $11,250, $20,000, and $21,000
   5. $15,70, $21,000, and $22,000
      
2. For Year 2, what is the net U.S. tax liability? Show your work.
   1. $22,000
   2. $0
   3. $1,000
   4. $2,000
   5. $21,000

3. For Year 3, what is the net U.S. tax liability?   Show your work.
   1. $22,000
   2. $0
   3. $1,000
   4. $2,000
   5. $21,000

4. In Year 3, how much excess foreign tax credit can Powell carry back?
   Show your work.
   1. $22,000
   2. $0
   3. $1,000
   4. $2,000
   5. $21,000

1 .Under what circumstances is a dividend nontaxable to a shareholder recipient?
2. On July 1, 2019, Rene a cash basis taxpayer purchased 500.000 $ of the newly issued bonds of Acce Corporation for $ 452.260.
The 10 year semi annual bonds carry an interest rate of 8 % and were sold to yield 9.5 %. What amount of interest income must Rene report in 2019, 2020, 2021?

On 2/1/YR 1, the Seller delivered goods to the Purchaser in the amount of $7,000 which are not to the Purchaser's specifications. At the time of the delivery of the goods, the Purchaser had not yet paid for the goods, and the Purchaser planned to pay for them in 3/1/YR 1 (i.e., the following month) in accordance with the credit terms offered by the Seller. Identifying that the goods are not conforming, the Purchaser, on 2/2/YR 1, returns to the Seller half of the goods delivered and asks for a $3,500 reduction in the amount owed to the Seller. When the goods are returned, the Seller returns the goods to its inventory. The costs of the returned goods is $1000.

1. Under the periodic method of accounting for inventories, consider the journal entry for the return transaction in Fact Pattern D, above, from the Purchaser's perspective as of 2/2/YR 1. The Purchaser will:

a. Credit Account Receivable for $3500.

b. Credit Account Payable for $3500.

c. Credit Purchase Returns for $3500.

d. Credit Inventory for $3500.

e. Credit Sales Returns for $3500.

Under the periodic method of accounting for inventories, consider the journal entry for the return transaction in Fact Pattern D, above, from the Seller's perspective as of 2/2/YR 1. The Seller will:

a. Debit Account Receivable for $3500.

b. Debit Inventory for $1000.

c. Debit Purchase Returns for $3500.

d. Credit COGS for $3500.

e. None of the above are correct.

Under the perpetual method of accounting for inventories, consider the journal entry for the return transaction in Fact Pattern D, above, from the Seller's perspective as of 2/2/YR 1. The Seller will:

a. Debit Account Receivable for $3500.

b. Debit Inventory for $1000.

c. Debit Purchase Returns for $3500.

d. Credit COGS for $3500.

e. None of the above are correct.

company is producing 2 items A and B joint]y in fixed proportions of 1 :1 .

The following indicate their market demand functions: QA : 700 - 1 00 PA and QB : 500 - 200 P B. The MC of the joint operations is constant at Rs- 2 per unit

What quantities of A and B will company produce for optimum profits? (b) Will the company need to store in inventory at least one of the items or both items?
Support your answer with calculations.

Let ?1,?2,…,??be independent, identically distributed random variables with p.d.f. ?(?) = ??^?−1,0 ≤ ? ≤ 1 .

c. Show that the maximum likelihood estimator for ? is biased, and find a function of the mle that is unbiased. (Hint: Show that the random variable −ln (??) is exponential, the sum of exponentials is Gamma, and the mean of 1/X for a gamma with parameters ? and ? is 1 / (?(? − 1)).

d. Is the estimator you found in part c. a minimum variance unbiased estimator?

1. TRUE OR FALSE: In general, the sum of alpha and beta should equal 1.

2. TRUE OR FALSE: The most common power level is .05.

3. Which hypothesis states that there will be an effect, difference or association?

A. the null

B. the alternative

C. the alternate

D. the nil

4. Which is true of one-tailed tests?

A. larger CV

B. larger alpha

C. less power

D. smaller CV

5. TRUE OR FALSE: Failing to find an effect that does exist is called a type 1 error.

6. TRUE OR FALSE: A Cohen’s d of .8 is considered a large effect size.

Consider three particles that interact with internal forces given by ? ⃗ _1→2, ? ⃗ _3→1, etc. The total
force on the system is the sum of these internal forces with any external forces
(? ⃗ _i,ext , ?ℎ??? ? = 1,2,3). By writing out the sum explicitly, use Newton’s third law to prove that
the total acceleration of the system is only due to the external forces.

Good 1 and Good 2 are perfect substitutes. Suppose that good 1 is an ordinary good.

a. Should both good 1 and good 2 be normal goods? Explain.

b. Should good 2 be an ordinary good? Explain.

Use the samples above to construct and determine the upper and lower limits the Bar-X and R-Charts.

Assume that the upper and lower tolerant limits of Pulley Engineering have been set at +/- 0.8 inches. Assess the process capability for Pulley.

A) Form the Correct construction of upper and lower limits for bar-R chart

B) Evaluate process capability using the information provided above.