On January 1, 2016, Cayce Corporation acquired 100 percent of Simbel Company for consideration transferred with a fair value of $141,300. Cayce is a U.S.-based company headquartered in Buffalo, New York, and Simbel is in Cairo, Egypt. Cayce accounts for its investment in Simbel under the initial value method. Any excess of fair value of consideration transferred over book value is attributable to undervalued land on Simbel’s books. Simbel had no retained earnings at the date of acquisition. Following are the 2017 financial statements for the two operations. Information for Cayce and for Simbel is in U.S. dollars ($) and Egyptian pounds (£E), respectively.

During 2016, the first year of joint operation, Simbel reported income of £E 181,000 earned evenly throughout the year. Simbel declared a dividend of £E 33,600 to Cayce on June 1 of that year. Simbel also declared the 2017 dividend on June 1.

On December 9, 2017, Simbel classified a £E 11,800 expenditure as a rent expense, although this payment related to prepayment of rent for the first few months of 2018.

The exchange rates for 1 £E are as follows:

A. Translation Worksheet

B. consolidation worksheet

In the US, fluoride is added to drinking water. In 2015, the US Department of Health [12] lowered the recommended amount of fluoride in drinking water. Fluoride is added to drinking water to help prevent tooth decay, but too much fluoride can lead to fluorosis (white stains in the enamel of the teeth). A particular city wants to check whether their drinking water meets the specifications made by the department of health. The department of health recommends that there should be 0.7 milligrams of fluoride per liter of water. Suppose we collect a random sample of 40 different liters of water and find the the average amount of fluoride per liter of water is 0.775 milligrams with standard deviation 0.2 milligrams. Conduct a hypothesis test using α = .01. Make sure to state the null and alternative hypotheses, state the appropriate test statistic, set up the rejection region, find the P-value for this test, make your conclusion using both the rejection region method and the P-value, and state your conclusion in the context of the problem. Also, find a 99% confidence interval for the true average amount of fluoride per liter of water and use this interval to make a conclusion about the test of hypothesis.

A US electronics firm has a plant in the US and another in China. The production function is the same in both plants q = L1 2 K 1 2 (notice that marginal product of labor is MPL = 1 2L− 1 2 K 1 2 = 1 2 q L and marginal product of capital is MPK = 1 2L1 2 K− 1 2 = 1 2 q K ). The US prices are w = r = 9. In China the firm faces the same cost of capital r∗ = 9 but the wage rate is lower, w∗ = 4.

A.Show the total, average and marginal product of labor with this production function if capital is fixed at K = 100

B.

C.Represent in a diagram the cost minimizing choice of factors to produce q = 100 in each country

D.Write the equilibrium proportions of the factors that the firm is going to use in each country.

E. Write the expressions for cost, obtain the relationships factorsoutput and deduce the cost functions for both countries. Calculate the cost of producing q = 100 units in each country.

There is no question b

Suppose that the US Federal Reserve Board was able to confirm that the US economy is in the brink of a recession, operating at a GDP level (Y1) that is well below its full-employment capacity (YF). Your tasks are:

5.1. Name one monetary policy, and specify the policy tool to use, that the Fed could make to help boost the economy.

5.2.Using the AD-AS theory, show and EXPLAIN the expected short run and long run effect of this policy on the US economy. Other things are assumed constant. Explain which curves shift and why. Label curves clearly. Identify the new equilibrium in the short-run and the long-run.

Consider the following preferences and election problem. Let us assume that a president has to be elected. 4 candidates want to become a president, who are representing different political ideologies: A is a left-wing candidate, B is a social-democrat, C is a right-liberal candidate and D is a right-wing candidate. 20% of the voters (group left) preference A≻B≻C≻D, 30% of the voters (group social democrats) have the preference B≻A≻C≻D, 10% of the voters (group right-liberal) preference C≻B≻A≻D, 40% of the voters (group right) have preference D≻C≻B≻A. Please note the sign “ ≻ “ means “preferred to.”. In total we have 100 voters.

A What is the election outcome if a pure plurality voting system is applied? How many votes does the winner receives?

B Who will be elected if the Instant Runoff voting system is applied? Who will be the first and second ranked candidate in the first election round? How much votes will the winner get in the second round?

C. Who will win if the system of unanimity is applied?

D. Who will win, if the point-count voting is applied? Please note, the voters have to rank their preferences for the first 3 candidates like, the most preferred candidate get 3 points, the second ranked candidate gets 2 points and the third ranked candidate gets 1 point. The fourth preferred candidate get zero points. How many points will be distributed in total and how much points will the winner receive?

Suppose that you are an analyst for the ABC Company, a large consulting firm with offices around the world. The company wants to build a new knowledge management system that can identify and track the expertise of individual consultants anywhere in the world on the basis of their education and the various consulting projects on which they have worked. Assume that this is a new idea that has never before been attempted in ABC or elsewhere. ABC has an international network, but the offices in each country may use somewhat different hardware and software. ABC management wants the system up and running within a year.

• Given the situation, what methodology would you recommend that ABC Company use? Why?
• Support or Oppose the above statements with arguments

Assume the following:  This is a large conglomerate company with over 30 divisions and over 24,000 employees, but the company might be in financial trouble. Company divisions are so different that EVERY type of benefit / retirement plan is available to all employees.

Scenario 1

Married individual with young children at entry level position

Scenario 2

Mid-level manager with grown children seeking a long career and a comfortable retirement

Scenario 3

Top executive nearing retirement and hired to solve financial difficulties.

ADVISE each of your three clients on the­­­ following:

Compensation

Equity Options

Deferred Compensation (both qualified and nonqualified plans are available)

Health and Disability

Life Insurance

Fringe Benefits

Scenario 1:

Paul is working for himself as a mechanic under the business name “Paul’s transport services”. He forms a small proprietary company called “P & M Pty Ltd” with himself and his wife Milli as its only directors and equal shareholders. He sells the business and its assets (tempo and a truck and some equipments)to the company for $100,000 and the company pays this full amount to Paul immediately.

The company takes out Workers Compensation for Paul. Although the tempo was insured in Paul’s name with AMP Insurance Co. when it was sold to the company, the insurance policy was not transferred into the company name, nor did the company take out its own insurance policy.

• Two months later the tempo is damaged in an accident and estimated repairs are $20,000. Paul makes a claim under this policy but the insurance Company refuses to pay the claim
• The following week Paul suffers a serious hand injury while loading a customer’s goods on the tempo and is unable to work for several weeks. The Workers Compensation Insurer will not recognise Paul as a “worker” and refuses to pay him any benefits.

Based on above case scenario and answer the following questions:

1. Why did the Insurance company refuse to pay Paul for the repairs?
2. Why did the Workers Compensation refuse to pay Paul any benefits? Is he entitled to receive the benefits?
3. Advise Paul on his course of action.

HINTS: A company, once registered, is a separate legal entity, separate from its participants. Section 124 of the Corporations Act 2001 gives a company the same capacity and powers of an individual together with such powers that may be exercised by a body corporate, power to acquire, own or dispose of property.

Sickle cell anemia is inherited as an autosomal, recessive disorder. Individuals who inherit the mutated gene from both parents will show symptoms of sickle cell, including a stiffening of the red blood cells when the individual is under conditions with low oxygen levels in the air (e.g. on top of a mountain). This can lead to low red blood cell count (anemia), shortness of breath, fatigue, jaundice, and joint pain. Most critically, the stiffened red blood cells can clog small blood vessels, blocking blood flow to critical organs (e.g. brain, lungs, liver, etc.) that can lead to death. Curiously, heterozygous carriers have a certain amount of resistance to malaria. The malaria parasite must invade red blood cells in order to develop and apparently the cell surface is altered in heterozygous individuals, thereby limiting the ability of the malaria parasite to enter the red blood cells. Recall that the rules for autosomal recessive diseases are that only the homozygous recessive individuals experience the symptoms of sickle cell anemia.

C.    Determine the results of a mating between two parents that are both heterozygous for sickle cell anemia.

1. Provide the Punnett square and the potential offspring phenotypes and genotypes.
2. What percentage of children from this mating will develop sickle cell anemia?
3. What percentage of children from this mating will carry at least one sickle cell allele?