Who are the winners and losers in international trade? Discus the positives and negatives of a government placing barriers on international trade. With the current Covid-19 pandemic and the role of China in the pandemic, how do you believe the U.S.A. should structure its trade practices in regards to China? You will want to examine why the U.S. trades with China and is there a potential trading partner substitute for China, or should the U.S. continue developing the "Phase 2" of the U.S. - China trade agreement?

Question 1:

The exchange rates in New York are: $1 = AUD 1.113 and $1 = £0.658

A dealer is offering a quote: AUD 1 = £0.7617.

What is the profit you can earn on $24,541 using triangle arbitrage?

Question 2:

You are given the following quotes:

U.S. dollar/Brazilian Real = 0.3027

U.S. dollar/Australian Dollar = 0.7643

U.S dollar/Chinese Yuan = 0.1434

What is the Brazilian Real/Chinese Yuan cross rate?

Jujji Co., a Japanese manufacturer, wishes to borrow U.S. dollars at a fixed rate of interest.  Puppi Co., a U.S. multinational, wishes to borrow yen at a fixed rate of interest.  They have been quoted the following rates per annum (adjusted for differential tax effects):

Design a swap that will net an intermediary 10 basis points and will be equally advantageous to both companies.

Suppose that the united states currently imports 1.0 million pairs of shoes from china at $20 each. With a 50% tariff, this made the consumer price in the United States $30.The price of shoes in Mexico is $25 suppose that as a result of free trade agreement with Mexico, the United states imports 1.2 million pairs of shoes from Mexico and none from china. What are the gains and losses to U.S consumers, U.S producers, and U.S government and the world as a whole?

We are interested in looking at the percentage of households that own dogs in the U.S. and England. We are given the following information:

What is the p-value for this test if we are interested in testing to see if there is simply a difference in the proportions of people who own dogs in the U.S. and England?

Do an Internet and/or library search to determine the current state of the U.S. economy and the household appliance industry. This will be the bases for your summary of possible client audit and fraud risks that will be included in your report below. You need at least three sources of information for the U.S. economy and industry analysis; be sure to cite your sources in your report. You can use the most recent years for your internet search of the U.S. economy and industry. PLEASE INCLUDE REFERENCES.

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Question 81 pts

What group of advisors comprised of the Secretaries of large federal agencies advise the President?

Group of answer choices

The Cabinet

The Central Executive Board

The Credenza

The U.S. Board of Control

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Question 91 pts

How many years can members of the U.S. Congress serve altogether?

Group of answer choices

There are no term limits for members of the U.S. Congress

10 years

6 years

14 years

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2020. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather’s support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,110 to move their personal belongings, and she and Heather spent two days driving the 1,480 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full time in January and throughout the rest of the year at a nearby university. She was awarded a $3,150 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $6,100 in state income taxes and $13,150 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: Insurance premiums $ 8,350 Medical care expenses $ 1,100 Prescription medicine $ 400 Nonprescription medicine $ 100 New contact lenses for Heather $ 200 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $950 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn’t able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,600 interest income from City of Denver municipal bonds. Overall, Reba’s stock portfolio appreciated by $12,600, but she did not sell any of her stocks. Heather reported $6,300 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather’s only source of income for the year. Reba had $10,500 of federal income taxes withheld by her employer. Heather made $1,050 of estimated tax payments during the year. Reba did not make any estimated payments. Reba had qualifying insurance for purposes of the Affordable Care Act (ACA). a. Determine Reba’s federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference. (Do not round intermediate values. Leave no answer blank. Enter zero if applicable.)

Brief Exercise 21-11

Assume that IBM leased equipment that was carried at a cost of $174,000 to Sandhill Company. The term of the lease is 5 years December 31, 2019, with equal rental payments of $39,661 beginning December 31, 2019. The fair value of the equipment at commencement of the lease is $174,001. The equipment has a useful life of 5 years with no salvage value. The lease has an implicit interest rate of 7%, no bargain purchase option, and no transfer of title. Collectibility of lease payments for IBM is probable. Assume the sales-type lease was recorded at a present value of $174,001.

Prepare IBM’s December 31, 2020, entry to record the lease transaction with Sandhill Company.