This problem summarizes typical transactions engaged in by not-for-profit organizations. The American Association for Freedom, a political think tank, was recently established. During its first year of operations it engaged in the following transactions and was affected by the following events (in summary form):

1. It received a $10,000,000 endowment contribution, all in stocks and bonds.

2. It received $3,000,000 in additional contributions, all restricted for its educational programs and $2,300,000 in unrestricted contributions.
3. It acquired $800,000 in furniture, fixtures, and equipment, all of which have an expected useful life of 10 years.
4. It recognized depreciation on the furniture, fixtures, and equipment, purchased earlier in the year.

5. It spent $2,400,000 on educational programs.

6. It earned $300,000 in interest and dividends on its endowment investments.

7. By year-end the value of its investments had appreciated by $600,000.

8. It incurred $1,300,000 in administrative expenses.

9. Near year-end it received a pledge of $4,500,000, to be fulfilled in three annual installments of $1,500,000 beginning in one year. The Association determined that a discount rate of 6 percent was appropriate.

a. Prepare journal entries to record these events and transactions. Be sure to indicate the fund-type in which the entry would be made.
b. Prepare a year-end statement of financial position and statement of activities.

Environmental fate of medications Medications can enter wastewater management systems either through human excretions or through improper disposal. Many medications are not effectively treated by current wastewater management processes and therefore are discharged by wastewater treatment plants. Antidepressants are some of the most commonly prescribed medications in the United States, and many antidepressants are not effectively managed by wastewater treatment plants. a. A wastewater treatment plant discharges to Boulder Creek in Colorado at a rate of 64 million L/day, and the stream flow, upstream of the wastewater discharge point, is 1110 L/s. If the concentration of the antidepressant venlafaxine (Effexor) measured in the creek water is 10 ng/L, what is the mass discharged per day from the wastewater treatment plant, assuming that there are no sources other than the wastewater treatment plant, and assuming that the drug rapidly equilibrates among sediment, fish, and water? What is the concentration of the medication in the wastewater treatment plant effluent? BCF = 40.27 KOC = 3.162 Organic sediment = 15 ppm Biota concentration = 5 g/100 m3 b. A man fishing near the outflow point of Boulder Creek eats 0.2 kg of fish from the creek. How much venlafaxine will he ingest? One dose of Effexor contains 75 mg of venlafaxine. What percentage of a dose will the fisherman ingest?

Waterways mass-produces a special connector unit that it normally sells for $3.90. It sells approximately 37,500 of these units each year. The variable costs for each unit are $2.20. A company in Canada that has been unable to produce enough of a similar connector to meet customer demand would like to buy 15,300 of these units at $2.50 per unit. The production of these units is near full capacity at Waterways, so to accept the offer from the Canadian company would require temporarily adding another shift to its production line. To do this would increase variable manufacturing costs by $0.30 per unit. However, variable selling costs would be reduced by $0.20 a unit.

An irrigation company has asked for a special order of 1,900 of the connectors. To meet this special order, Waterways would not need an additional shift, and the irrigation company is willing to pay $3.00 per unit.

(a)

What are the consequences of Waterways agreeing to provide the 15,300 units to the Canadian company? Would this be a wise “special order” to accept?

1. Donald Trump promised a more aggressive fiscal policy with a large increase in spending and significant tax cuts leading to a much larger government (budget) deficit. The US economy was at near the full employment (the unemployment rate in the US was low below 5%), what do you expect will be the response of the US Central Bank in terms of changes to the cash rate? Explain.

2. The Central Bank of New Zealand has a higher inflation target than the Reserve Bank of Australia. Does this tend to depreciate or appreciate the New Zealand dollar against the Australian dollar? Explain

3. What are the reasons for increasing convergence between emerging economies (defined as countries with lower GDP per capita but growing rapidly) and advanced economies (countries with high GDP per capita but lower growth)? Explain.

4. You have successfully secured the mortgage of worth in $1,000,000 from the Bank to purchase a house. After the contract has been written, inflation in the economy turned out to lower than what was expected. Who gained and lost from this development? Explain.

Answer

5. The government (and the central bank) has an easier job of dealing with the macroeconomic impacts of consumers and investors being pessimistic about the future of the economy than the period of stagflation. Do you agree? Explain

Answer

Write a R code

HW09  The National Institute of Diabetes and Digestive and Kidney Diseases

conducted a study on 768 adult female Pima Indians living near Phoenix.

The pima dataset resulting from the study is available in R and contains the following variables:

test - results of a test to determine if the female patient shows signs of diabetes

         (coded 0 if negative, 1 if positive)

age - Age (years)

bmi - Body mass index (weight in kg/(height in metres squared))

diastolic - Diastolic blood pressure (mm Hg)

diabetes - Diabetes pedigree function

glucose - Plasma glucose concentration at 2 hours in an oral glucose tolerance test

insulin - 2-Hour serum insulin (mu U/ml)

pregnant - Number of times pregnant

triceps - Triceps skin fold thickness (mm)

The following logistic model with test as the response was fit with the following table results:

logistic <- glm(test ~ age + bmi + diastolic + diabetes + glucose + insulin + pregnant +

triceps,family=binomial(logit),data=pima)

A positive test result (test=1) was modeled as an event. Compute the following measures:

Accuracy

Sensitivity

Specificity

Positive Predictive Value

Negative Predictive Value

C1. Reducing a High Unemployment Tax Rate

Over the past two years, Kermit Stone, the controller of Hilton Company, has been concerned that the company has been paying a large amount of money for state unemployment taxes. On reviewing the “unemployment file” with the head accountant, Deborah Murtha, he learns that the company’s tax rate is near the top of the range of the state’s experience-rating system.

After calling the local unemployment office, Stone realizes that the turnover of employees at Hilton Company has had an adverse effect on the company’s tax rates. In addition, after consulting with Murtha, he discovers that the eligibility reports that come from the state unemployment office are just signed and sent back to the state without any review.

The eligibility reports are notices that an ex-employee has filed a claim for unemployment benefits. By signing these reports “blindly,” the company, in effect, tells the state that the employee is eligible for the benefits. Any benefits paid are charged by the state against Hilton Company’s account.

Stone is convinced that the rates the company is paying are too high, and he feels that part of the reason is the “blind” signing of the eligibility reports. Besides this, he wonders what other steps the company can take to lower its contributions rate and taxes.

The Roche Radius, defined to the orbital distance at which a satellite tidally torn apart by the parent body, is named after Edward Roche, who first derived it in 1848. Recall that his radius is given by: )1/3 d=r (2 M m Where r is the radius of the satellite, m the mass of the satellite, and M is the mass of the parent body.

(a) Recast this equation in terms of the density of the satellite (m), the density of the parent body (M), and radius of the parent body (R).

(b) Let s consider the Saturn system, and apply this equation. Saturns moon Pan orbits the planet at a distance 1.34  105 km; inside of a gap in the rings! Calculate the ratio of Pans orbital radius to its calculated Roche Radius (Pan = 0.42 g/cm2, Saturn = 0.687 g/cm2, RSaturn = 58,000 km). Comment on whether this moon is safe from tidal disruption, or not.

(c) Using what you know about the Roche Radius, and the above example, calculate the radius of the moon required to create the rings of Saturn as seen today (assuming that it was just one moon, with the density of pan and near the present-day orbit of Pan). The total mass in Saturns rings is approximately 3  1019 kg. (Hint for calculating Saturns mass: 0.687 g/cm2 = 687 kg/m3)

Elijah is a lawyer who works in Singapore. He is single and lives in Singapore with his
parents. Until April 2018 his work did not involve travel. At that time,he accepted an offer
from Legal Ease, his employer, to travel temporarily to Australia to provide legal advice to
large numbers of former residents of Singapore setting up businesses in Melbourne,
Adelaide and Hobart. Elijah enters Australia on 25 April 2018. He intends to spend three
months travelling between the three cities, staying in various motels. Legal Ease asks
him towards the end of the three months to take up a position in Hobart for a further nine
months. In early July, he leases a serviced executive apartment for nine months near his
workplace in Hobart. The apartment is his home base during his stay in Australia. He
freights more clothing and some personal effects to Australia. Elijah’s parents visit him on
two occasions. Although based in Hobart, his commitments require some limited travel.
On average, Elijah travels at least once a week to meet clients outside Hobart.
Required:
Advise Elijah whether he is a resident of Australia for tax purposes
In your response give reasons and refer to sections of legislation and cases, where
relevant.

International Trade

Think of the importance of trade in your life. Look simply at what you’re wearing today. When you shop, do you look for the “Made in the USA” label? Perhaps you believe we might be better off as a nation economically if we produced more goods in the attempt to become more self-supportive. Perhaps you believe we should increase the amount of goods traded internationally. Opinions and speculation vary as much as the number of economists that predict economic climate. Having said this, as a nation, simply put, we trade. And with that activity come many rules and regulations to try and ensure our best interests are protected. Based on this;

How is international trade regulated? Log on to www.wto.org and click the “Trade Topics” tab to learn about the scope of trade agreements and trade controversies. What is involved in “trade agreements”? Explain in detail.

Log on to www.bea.gov and view the “International” tab, then “Trade in Goods and Services.” What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you thing this balance will move in the near future, and why? Explain in detail.

**Provide a different answer than previous answers of this same question. Answer in minimum 250 words**