Mark’s Consulting experienced the following transactions for 2018, its first year of operations, and 2019. Assume that all transactions involve the receipt or payment of cash. Transactions for 2018 Acquired $75,000 by issuing common stock. Received $125,000 cash for providing services to customers. Borrowed $20,000 cash from creditors. Paid expenses amounting to $55,000. Purchased land for $30,000 cash. Transactions for 2019 Beginning account balances for 2019 are: Cash $ 135,000 Land 30,000 Notes payable 20,000 Common stock 75,000 Retained earnings 70,000 Acquired an additional $25,000 from the issue of common stock. Received $135,000 for providing services. Paid $15,000 to creditors to reduce loan. Paid expenses amounting to $70,000. Paid a $12,500 dividend to the stockholders. Determined that the market value of the land is $40,000. b-4. Prepare a statement of cash flows for each year accounting period

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.
Respond to the following in a minimum of 175 words:

Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.

Do you agree with their assertions? Why or why not?

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.

Respond to the following in a minimum of 175 words:

• Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
• Do you agree with their assertions? Why or why not?

1.a.  One unit of Indian Rupees is worth US $0.0210, and a Euro is worth US$1.2785. What is the value of the Rupees in Euro (i.e., how many Euro you can buy with one unit of Rupees)?

b. You take a one year long position in a forward FX contract on Euro at a forward rate of $1.2195/Euro.  The contract amount is 50 million Euro.  If the spot FX rate for the yen a year from now is $1.2087/Euro, what is the US dollar gain (loss) on the long forward position on Euro?   

Some politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.

Respond to the following in a minimum of 275 words:

• Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.
• Do you agree with their assertions? Why or why not?

__________ are the most numerous WBC and are primarily involved in ___________.

A) Lymphocytes; acquired immunity

B) Neutrophilis; phagocytosis

C) Neutrophilis; acquired immunity

D) Lymphocytes; phagocytosis

Describe the types of risks that Fiat could have experienced by acquiring Chrysler.

Describe Chrysler’s culture after acquired after Fiat acquired Chrysler.

The company has three bond issues and uses the effective interest method to amortize discounts/premiums.  Information for each is below:

There was a bond issue with a par value of $250,000 on July 1, 2015 when the market rate of interest was 6%.  The bonds have a coupon rate of 5% and interest is paid semiannually on January 1 and July 1. The bonds have a ten-year life when issued. This bond issue is convertible into common stock at the rate of 10 shares for every $1,000 of face value (note - common stock has a par value of $10 per share).  On January 2, 2019, $50,000 of face value was converted into common stock. The company uses the book value method to record conversions. The market price of the stock was $90 per share when the bonds were converted.

On May 1, 2015, the company had a bond issue with principal of $200,000.  The bond issue has a seven-year life. Interest is payable semi-annually on May 1 and November 1.  The coupon rate is 7%. The market rate of interest at issue was 6%. On November 2, 2020, the company called the entire bond issue at 115.  

On November 1, 2014, the company issued serial bonds at par.  The face value of the issue was $150,000, and the coupon interest rate is 6%.  Interest is paid annually on November 1st. The principal will be paid with six equal payments of $30,000 on November 1, 2015 through November 1, 2019.

Required:

Compute the price of the first two bonds (the serial bonds are issued at par).

Prepare amortization tables (effective interest method) for the first two bonds from the issuance date.  

Prepare all journal entries needed for each bond from the date of issue through December 31, 2017.  The company has a year-end of December 31st.

Prepare the journal entry to record the bond conversion (first bond) on January 2, 2019.

Prepare the journal entry to record the bond call (second bond) on November 2, 2020

The University of California, Berkeley (Cal) and Stanford University are athletic archrivals in the Pacific 10 conference. Stanford fans claim Stanford's basketball team is better than Cal's team; Cal fans challenge this assertion. In 2004, Stanford University's basketball team went nearly undefeated within the Pac 10. Stanford's record, and those of Cal and the other eight teams in the conference, are listed in In all, there were 89 games played among the Pac 10 teams in the season. Stanford won 17 of the 18 games it played; Cal won 9 of 18. We would like to use these data to test the Stanford fans' claim that Stanford's team is better than Cal's. That is, we would like to determine whether the difference between the two teams' performance reasonably could be attributed to chance, if the Stanford and Cal teams in fact have equal skill.

To test the hypothesis, we shall make a number of simplifying assumptions. First of all, we shall ignore the fact that some of the games were played between Stanford and Cal: we shall pretend that all the games were played against other teams in the conference. One strong version of the hypothesis that the two teams have equal skill is that the outcomes of the games would have been the same had the two teams swapped schedules. That is, suppose that when Washington played Stanford on a particular day, Stanford won. Under this strong hypothesis, had Washington played Cal that day instead of Stanford, Cal would have won.

A weaker version of the hypothesis is that the outcome of Stanford's games is determined by independent draws from a 0-1 box that has a fraction p_C of tickets labeled "1" (Stanford wins the game if the ticket drawn is labeled "1"), that the outcome of Berkeley's games is determined similarly, by independent draws from a 0-1 box with a fraction p_S of tickets labeled "1," and that p_S = p_C. This model has some shortcomings. (For instance, when Berkeley and Stanford play each other, the independence assumption breaks down, and the fraction of tickets labeled "1" would need to be 50%. Also, it seems unreasonable to think that the chance of winning does not depend on the opponent. We could refine the model, but that would require knowing more details about who played whom, and the outcome.)

Nonetheless, this model does shed some light on how surprising the records would be if the teams were, in some sense, equally skilled. This box model version allows us to use Fisher's Exact test for independent samples, considering "treatment" to be playing against Stanford, and "control" to be playing against Cal, and conditioning on the total number of wins by both teams (26).

Q1) On the assumption that the null hypothesis is true, the bootstrap estimate of the standard error of the sample percentage of games won by Stanford is ?

Q2) On the assumption that the null hypothesis is true, the bootstrap estimate of the standard error of the sample percentage of games won by Cal is ?

Q3) The approximate P-value for z test against the two-sided alternative that the Stanford and Berkeley teams have different skills is ?

Note :*The z-score for the difference in sample percentages is 2.97685*

Phil is a self employed plumber and his wife, Lauren, is a full-time employee for the University. Lauren has health insurance from a qualified plan provided by the University, but Phil has chosen to purchase his own health insurance rather than participate in Lauren's plan. Besides paying $5,400 for his health insurance premiums, Phil also pays the following expenses associated with his plumbing business:

Plumbing tools and supplies $1,300

Rent on Phil's plumbing shop 6,250

Transportation between Phil's shop and various job sites 500

Plumber's Uniform    50

Plumbing truck rental     7,200

Self employment tax (1/2 is employer's share 400

What is the amount of deductions for AGI that Phil can claim this year (2018)?