1 Current government policy

In this year, the US government decide to cut tax to stimulate economic growth. Meantime, the US government raise the tariff against a list of imported goods from Asian countries. Use the open economy IS? ?LM? model to graphically explain how a combination of the fiscal and trade policy will affect the real exchange rate and the real output in equilibrium.

Research paper “Dynamic Risk Management” (JFE, Rampini, Sufi, Viswanathan) showed that those US airlines that experienced financial distress in 2004-2005 chose not to hedge their commodity price risk. As financial health of US airlines improved they became active hedgers. Please explain the paper’s findings from the point of view of the agency theory (conflict between shareholders and bondholders)

Explain how countries like Greece have largely misused the Keynesian model to “buy” votes and how this has created “sovereign debt” problems. In this regard, why can countries like Greece, or US states like California and cities like Detroit, become bankrupt, but countries like the US and Canada can never be bankrupt from too much debt?

a) Prior to 1 June 2020, the share capital of Jenkins’ Era Ltd consisted of 1,000,000 ordinary shares, issued at $2 each and fully paid. On 1 June, the directors of Jenkin’ Ear Ltd decided to issue a share dividend, Existing shareholders are to receive one new share for every five shares held. The share issue is to be funded entirely from retained earnings. Each new share is valued at 43, How much cash will the company pay to fund the share dividend?

a.nothing b.$1,000,000   c.$2,000,000    d.$3,000,000

b) Whiterun Ltd owned a boat that has an economic useful life of 6 years as at 1 July 2020. On 1 July 2020 the company leased the boat to Riverwood Ltd for three years. Whiterun Ltd recognised this lease as a finance lease and recorded a lease receivable valued at $58,784. The annual lease payment is $20,000. Lease payments are to be made annually and in arrears. The interest rate implicit in the lease for Riverwood Ltd is 5%. What is the amount of Riverwood Ltd’s first year’s interest expense?

A.$2,939   b.$1,939   c.There has not been enough information provided to accurately determine this   d.$1,000

c) Whiterun Ltd owned a boat that has an economic useful life of 6 years as at 1 July 2020. On 1 July 2020 the company leased the boat to Riverwood Ltd for three years. Whiterun Ltd recognised this lease as a finance lease and recorded a lease receivable valued at $58,784. In the lease agreement, Riverwood Ltd agreed to guarantee the full estimated $5,000 residual value. Lease payments are to be made annually and in arrears. The interest rate implicit in the lease for Riverwood Ltd is 5%. What is the amount of Riverwood Ltd’s annual depreciation expense?

a.$17,928   b.$19,595   c. There has not been enough information provided to accurately determine this   d.$12,928

d) On 23 October 2027, Preston Garvey Ltd had a balance of $111,000 in their options account. This reflected the full premiums paid by the holders of 100,000 options which were on issue. Each option entitled the holder to acquire one ordinary share in Preston Garvey Ltd for $4. Each option expires on 1 December 2027. By 1 December 2027, 40% of the options had been exercised. The remaining options duly lapsed. Which of the following is NOT a journal entry which would be part of recording the exercising of the options and issuing of the shares?

1. DR options $44,400 CR share capital $44,400
2. DR cash $100,000    CR share capital $100,000
3. DR options $66,600   CR lapsed options reserve $66,600
4. DR cash $66,600 CR options $66,600

e) Prior to 1 July 2020, the share capital account of MAGA Ltd had a balance of $10 million reflecting their issued capital of 1 million ordinary shares issued at $10 and paid in full. On 1 July 2020, MAGA Ltd announce a 1-for-4 rights issue, with each new share issued under the rights scheme being sold for $20, payable in full upon accepting the offer. Costs associated with the issue amount to $1 million. Assuming that all shareholders exercise their rights in full, what will the balance of the share capital account be once the rights issue is complete? (note: to be clear, we are looking for the dollar balance. NOT the number of outstanding shares)

A.$10,250,000    b.$14,000,0000   c.$16,000,000    d.$1,650,000

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Watch the interview with PWC’s Gerard Verweij at the Bloomberg website and answer the following questions:

1. According to Gerard Verweij, global data and analytics leader at PriceWaterhouseCoopers (PwC), what impact will AI have on jobs and productivity and consumption? Where is talent needed to advance and leverage data analytics and AI in business?

2. what other challenges do you see for the advancement of audit data analytics (ADA) through AI?

Based on the data collected during the telephone interview, the nurse determines that Alice is in very early labor. Because she lives close to the hospital, she is instructed to stay home until her labor progresses. Outline the instructions and recommendations for care Alice and her husband should be given for the nursing diagnosis: Readiness for enhanced knowledge of labor progression RT lack of exposure.

As part of an interview for a summer job with the Coast Guard, you have been asked to help determine the search area for two sunken ships by calculating their velocity just after an accident. According to the last radio transmission from the luxury liner Apollo (3.9 × 104 metric tons), it was going due east at a steady speed of 21 knots in calm seas through a rare fog just before it was struck broadside by the freighter Blake (6.1 × 104 metric tons), which was traveling north at steady speed of 11 knots. The transmission also noted that when the freighter's bow pierced the hull of the liner, the two ships stuck together and sank. What was the speed and direction of the ships after the collision ? (Take zero degrees to be straight east and counter-clockwise as positive.)

1)____ knots

2)____ degrees

When conducting an interview with a group of people in order to enter a television program, it is found that 30% of 1500 people do not meet the required requirements. 34 people are interviewed.
a)   What is the probability that less than 24 meet the required requirements?
b)   What is the probability that 14 to 27 do not meet the required requirements?
c)   What is the probability that more than 26 meet the required requirements?
d)   What is the probability that less than 23 or more than 29 do not meet the required requirements?

you will have a choice to conduct an interview with a spiritual leader (Option 1) or write a paper based on John Hick's pluralistic hypothesis regarding the Dalai Lama (Option 2). You are strongly encouraged to choose between Option 1 and Option 2 as early as feasible and then plan accordingly, though you are required to inform the instructor of the chosen option by the conclusion of Module 5.

You are encouraged to review each option fully and choose the one that best suits your particular gifts, abilities, and/or geographical limitations.

Answer the following question as if it were being asked during an interview for a job. What would your skills and personality contribute to a programming team?

Be sure to include details in your answer. What are your strengths? What are you passionate about? Why do you want a job as a programmer? Your response should be 1-2 well-formed paragraphs.