You are the international manager of a US business that has just invented a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture. Several patents protect the unique design of this computer. Your CEO has asked you to formulate a recommendation for how to expand into Western Europe. Your options are (a) to export from the US, (b) to license a European firm to manufacture and market the computer in Europe, and (c) to set up a wholly owned subsidiary in Europe. Suggest a course of action to your CEO.

PT Kalbe Farma (PT KF) Tbk business and research development manager has a plan to develop a new vaccine for anti coronavirus. They have to borrow money from the bank for US$ 100,000,000. A syndicate of banks offer an interest rate of 10% annually for a 5-year loan

a) How much the monthly installment (interest & loan) that PT Kalbe Farma has to pay ?

b) PT KF CFO told the Business and research Development Division only has a limited of US$ 2,000,000 to pay for the monthyl installment. Can the manager proceed with the bank loan?

2. In December 2017, the US Administration passed the Tax Cuts and Jobs Act (TCJA). This lowered the top marginal corporate tax rate from 35% to 21%.

(a) What is the definition/interpretation of the “marginal tax rate”? (

b) According to the neoclassical model of investment, what should the US corporate tax rate cut have achieved?

(c) Give an explanation of how you might use this is a natural experiment to examine the effect of the corporate taxes on investment.

(d) What have been the effects of that TCJA so far? Has it had any of the intended effects?

You should be aware of companies who operate a ‘top down’ approach to budgeting and companies who involve members of staff at all levels in the budget preparation process. Discuss TWO advantages and TWO disadvantages to a company that adopts the latter process.

Which samples do you think are non-biased samples of the population of all students at a college/four‐year university? If it is a biased sample, is there a different population for which you believe the sample could be considered a non-biased sample?

1. A random sample of 100 students from the registrar's student list
2. A random sample of 100 students in the library on a Thursday night
3. A random sample of 100 students in the student center on a Friday night
4. A random sample of 100 students at a basketball game on a Tuesday night
5. A random sample of 10 students from 10 randomly chosen dorms on campus
6. A random sample of 100 students from cars registered on campus

The dean of the College of Business at the University of La Verne has observed for several years and found that the probability distribution of the salary of the alumni’s first job after graduation is normal. The college collected information from 121 alumni and finds that the mean of their salary is $60k. Assuming a 95% confidence level, please do the following 1. Suppose the standard deviation of the collected data from 121 alumni is $3k. Can we conclude that the true mean of alumni salary is different from $58k

(a) What are the null and alternate hypotheses?

(b) Decide on the test statistic and calculate the value of the test statistic (hint: write the equation and calculate the statistic.

(c) Please make the conclusion.

Exceed, a US company, on January 1, 2019 acquired all the outstanding common stock of Silver Company, which is located in a country whose currency is the peso. The peso is the functional currency of Silver. For 2019, exchange rates for the peso were as follows:

Notes: Read carefully and follow strictly so that Bb can grade you correctly!
1. Use comma in numbers, one thousand is 1,000, not 1000. Round to the nearest dollar: 1,000.45 should be 1,000, and 1,000.55 should be 1,001, no decimal points. No $ sign.
2. Use parenthesis ( ) for expenses, accumulated depreciation, dividends, and G/L or adjustments only!

Required: Translate the 2019 financial statements of the subsidiary to U.S. dollars from pesos.

Translation of Financial Statements to U.S. Dollars

For Year Ended December 31, 2019

Mattel, a major US toy manufacturer, virtually gave away The learning company (TLC), a maker of software for toy, to rid itself of a disatrous acquisition. Mattel, which had paid $3.5 billion for TLC, sold the unit to affiliate to Cores Technology Group for rights to a share of future profits. Was this a related or unrelated diversification for Mattel? Explain your answer.? How might your answer to the first question have influenced the outcome?

When did company paid insurance start in the US?