Questions
Very few of us like to pay taxes, but the concept of taxation precedes all of...

Very few of us like to pay taxes, but the concept of taxation precedes all of us. There are a number of verses and parables about tax collection, such as Luke 3:11-16: "He answered and said unto them. He that has two coats let him impart to him that has none; and he that has food, let him do likewise" (King James 2000 Bible). Using any verse or parable from the Bible, compare and contrast the modern tax system with that from biblical times.

Please be original NO COPY AND PASTE.

In: Accounting

what are the multi-step process involving the methods the Federal Reserve Bank will undertake to create...

what are the multi-step process involving the methods the Federal Reserve Bank will undertake to create the $1,200 stimulus checks? Take us through all of the steps of the process, from the Congress approving a federal expenditure with no tax increase, until the public’s possession of the newly printed money.  Include all of the steps that must be undertaken by both the Federal Reserve Bank and by the US Treasury for this money supply expansion to go from start to finish.  Do not skip any necessary steps in the process; keep explaining all government steps until you have the new money.

In: Economics

What practical application can we expect from particle physics a century or two from now? What...

What practical application can we expect from particle physics a century or two from now? What use can we make of quark-gluon plasmas or strange quarks? How can we harness W- and Z-bosons or the Higgs boson? Nuclear physics has given us nuclear plants and the promise of fusion power in the near future. What about particle physics? If we extend our timeframe, what promise does string theory give us? Can we make use of black holes?

In: Physics

Sarah (single) purchased a home on January 1, 2008, for $600,000. She eventually sold the home...

Sarah (single) purchased a home on January 1, 2008, for $600,000. She eventually sold the home for $800,000. What amount of the $200,000 gain on the sale does Sarah recognize in each of the following alternative situations? (Assume accumulated depreciation on the home is $0 at the time of the sale.) (Leave no answer blank. Enter zero if applicable.)

b. Sarah used the property as a vacation home through December 31, 2016. She then used the home as her principal residence from January 1, 2017, until she sold it on January 1, 2020. (Round intermediate percentage computation to 2 decimal places.)

c. Sarah used the home as a vacation home from January 1, 2008, until January 1, 2019. She used the home as her principal residence from January 1, 2019, until she sold it on January 1, 2020.

d. Sarah used the home as a vacation home from January 1, 2008, through December 31, 2013. She used the home as her principal residence from January 1, 2014, until she sold it on January 1, 2020. (Round intermediate percentage computation to 2 decimal places.)

In: Accounting

Which is the optimal return combination for both the US/UK and US Spain? US UK SPAIN...

Which is the optimal return combination for both the US/UK and US Spain?

US UK SPAIN CH13 INTERNATIONAL PORTFOLIO DIVERSIFICATION ANALYSIS
ER 15% 12% 5% DEVELOPED VS EMERGING MARKET DIVERSIFICATION
STD 10% 9% 4% CAN-β= CAN$ rose by COL Peso fell by
CORR 1 0.33 0.06 COL-β= US&CAN* $Ret= US&COL* $Ret
CV 1.5 1.3333 1.25
Weights W1 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
W2 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
US&UK ER 15.00% 14.70% 14.40% 14.10% 13.80% 13.50% 13.20% 12.90% 12.60% 12.30% 12.00%
STD 10.0% 9.34% 8.76% 8.29% 7.95% 7.75% 7.71% 7.82% 8.08% 8.48% 9.00%
US&SPAIN ER 15.00% 14.00% 13.00% 12.00% 11.00% 10.00% 9.00% 8.00% 7.00% 6.00% 5.00%
STD 10.00% 9.03% 8.09% 7.17% 6.30% 5.50% 4.79% 4.22% 3.87% 3.79% 4.00%

In: Finance

US Billions USD Increase in foreign holdings of US assets 84 Increase in US holdings of...

US Billions USD
Increase in foreign holdings of US assets 84
Increase in US holdings of foreign assets 82
Statistical Discrepancy 32
Current Account Balance
Refer to the above table. The Current Account Balance =

In: Economics

Question: Evaluation of an auditor’s report. Mrs Meyer is a director of an international firm of...

Question: Evaluation of an auditor’s report.
Mrs Meyer is a director of an international firm of external auditors and works in the Auckland office. Mrs Meyer is the engagement partner on the audit of CountSave Foods Ltd, a company listed on the NZX. The audit team completed the audit for the year ended 31 March 2020 and the audit senior prepared the following draft audit report.
Auditor’s report
CountSave Foods Ltd
Opinion
We have audited the financial statements set out on pages 12 – 40, which comprise the statement of financial position as at 31 March 2020, and the statement of profit or loss for the year and glanced through the cash flow statement then ended and the notes to the financial statements.
In our opinion, except for the possible effect of the matter described in our report, the financial statements present fairly, in all material respects the financial position of CountSave Foods Ltd as at 31 March 2020, and its financial performance and cash flows for the year then ended in accordance with the International Financial Reporting Standards
Other information
The other information comprises the Director’s report as required under the NZ Companies Act In connection with our audit of the financial statements, if based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.
Basis for opinion
Included in accounts payable is an amount of $15 million. The company did not have adequate controls to maintain records of accounts payable for goods and services received but not paid. We are unable to obtain sufficient and appropriate audit evidence to substantiate the accruals disclosed in note 28 to the financial statements. As a result, we are unable to determine whether any adjustments were required to the financial statements arising from the accounts payable and accruals not brought to account or incorrectly stated
We conducted our audit in accordance with the international Standards of Auditing

In: Accounting

The management of Nash Instrument Company had concluded, with the concurrence of its independent auditors, that...

The management of Nash Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Nash changed its method of pricing inventory from last-in, first-out (LIFO) to average-cost in 2020. Given below is the 5-year summary of income under LIFO and a schedule of what the inventories would be if stated on the average-cost method.

NASH INSTRUMENT COMPANY
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEARS ENDED MAY 31

2016

2017

2018

2019

2020

Sales—net

$14,080 $15,420 $16,530 $18,390 $19,030

Cost of goods sold

    Beginning inventory

990 1,100 990 1,120 1,230

    Purchases

12,910 13,810 15,100 15,740 17,598

    Ending inventory

(1,100) (990) (1,120) (1,230) (1,380)

      Total

12,800 13,920 14,970 15,630 17,448

Gross profit

1,280 1,500 1,560 2,760 1,582

Administrative expenses

700 760 830 910 1,000

Income before taxes

580 740 730 1,850 582

Income taxes (50%)

290 370 365 925 291

Net income

290 370 365 925 291

Retained earnings—beginning

1,200 1,490 1,860 2,225 3,150

Retained earnings—ending

$1,490 $1,860 $2,225 $3,150 $3,441

Earnings per share

$2.90 $3.70 $3.65 $9.25 $2.91

SCHEDULE OF INVENTORY BALANCES USING AVERAGE-COST METHOD
FOR THE YEARS ENDED MAY 31

2015

2016

2017

2018

2019

2020

$1,000 $1,120 $1,100 $1,280 $1,490 $1,720

Prepare comparative statements for the 5 years, assuming that Nash changed its method of inventory pricing to average-cost. Indicate the effects on net income and earnings per share for the years involved. Nash Instruments started business in 2015. Assume that the number of shares outsanding is 100.

In: Accounting

In university classes 32 or less, university students have 50 or more When compared with the...


In university classes 32 or less, university students have 50 or more
When compared with the classes, it is claimed that they liked more and got higher grades.
In order to test this claim, the university administration is responsible for the same lesson, both 32 people small and 50 people large.
He gave a teacher to give to a class. Same to students in both classes at the end of the semester
final exam has been applied. The average score of the large class is 72 and the standard deviation is 5, the score of the small class
If the average is 75 and the standard deviation is 4, what result can be deducted with the level of significance of 0.01, what is the p value?

In: Statistics and Probability

1. Based on historical data, your manager believes that 31% of the company's orders come from...

1. Based on historical data, your manager believes that 31% of the company's orders come from first-time customers. A random sample of 146 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.22?
Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations.

2. Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 157000 dollars. Assume the standard deviation is 39000 dollars. Suppose you take a simple random sample of 84 graduates.
Find the probability that a single randomly selected salary is less than 160000 dollars.
Answer =
Find the probability that a sample of size n=84 n=84 is randomly selected with a mean that is less than 160000 dollars.
Answer =
Enter your answers as numbers accurate to 4 decimal places.

In: Statistics and Probability