Select the false statement:

• A. Part-year residency is the year in which residency status changes.
• B. For a part-year resident: for the period of residency, the individual pays tax in Canada on worldwide income. For the period of non-residency, the individual pays tax in Canada on income earned in Canada from employment, carrying on business, and from disposal of taxable Canadian property
• C. A permanent establishment is a “fixed place of business through which the business of a resident of a country is wholly or partly carried on”. It can include a branch or a person who habitually exercises an authority to conclude/negotiate contracts.
• D. Facilities used solely for storage, display, or delivery of goods typically do not meet the definition of a permanent establishment
• E. An individual must always be a resident in at least one country at any given time
• F. A clean break is considered on the latest date of when: the individual leaves Canada, the individual’s immediate family leaves Canada, or the individual loses citizenship in Canada

1. The proportion of basketball players who have not had a missed shot in MBA last year is 27 out of a sample of top 60 players.

                     (5 marks)

                        Hint: The standard deviation of population and the standard deviation of the sample are unknown, thus you have to use the square root of p(1-p)/n as a best estimate of the standard deviation.

1. Test the hypothesis that the population proportion of basketball players who have not had a missed shot in MBA last year is greater than 0.42 using the critical value approach and a 0.05 level of significance.

2. Test the hypothesis that the population proportion of customers who are completely satisfied is different from 0.5 using the p-value approach and a 0.05 level of significance

Costs are very important not only to us as individual consumers, but also to businesses who must control costs in make the desired profit. We should have learned that in this chapter (if we did not already know that). In this discussion answer the following questions (and support your answer(s)): What can cause a firm's cost curves to shift up or down? How would a shift of the cost curves affect a firm's profits? Please answer this question in extreme detail (about three paragraphs if possible). The class is specifically Microeconomics. Thank you!

Snap on damage started business January 1st 2019 after receiving a loan of $10,000 from equity bank. The company also received $10,000 from an investor in return to be paid dividends at the end of the year. The company purchased a piece of land for $ 8000 to serve as a parking space for university students who go to the university across the street. The company incurred $ 2500 expenses during the year to repair the road which leads to the parking lot. The company leased the Parking lot to the university and received $3000 to cover the whole year. At the end of the year they paid dividends of $800 to the investor. REQUIRED: A. INCOME STATEMENT (NET INCOME). B. Cash flow statement C. Retained earnings statement D. Balance sheet

Employment insurance is a system that provides insurance benefit to workers who involuntarily lose their jobs. Suppose that the current eligibility requirement for employment insurance is workers who have worked for 10 weeks or more per year. Assume that there is 52 weeks in a year and the wage rate is $500 per week, and maximum benefit payment duration is 20 weeks of per year. The benefit amount is 50% of wage paid for 20 weeks.

a.    Construct the corresponding income-leisure constraint.

b.    Compute the level of income if this individual is to work 22 weeks a year. What is amount of earned income and what is the amount of welfare benefit?

c.     Compute the level of income if this individual is to work 42 weeks a year. What is amount of earned income and what is the amount of welfare benefit?

7. One of your neighbors, Mr. and Mrs. Schekel, ( an elderly couple that always bring cookies when they visit ) has been very interested in hearing about your experiences at university. They would like to send their granddaughter to your university in 8 years’ time. You estimate that tuition will be $45,000 the first year , and the tuition will grow at 1.26% annually. They estimate it will take her 5 years to complete her undergraduate and MBA degrees, provided she attends summer school . they would also like to bestow a gift of $15,000 to her upon her graduation from the MBA program. How much must your clients deposit today, assuming an intrest rate of 6% in order to send their granddaughter to your university and provide her with the graduation present ?

Show time line . use uneven cash flow method

8. The schkels also have another granddaughter of whom they are very proud. They are considering offering her the following :

a. $40,000 today or

b. $45,000 towards a house down payment when she marries 2 years from now when her fiance finishes medical school. Assuming an intrest rate of 5% , which offer should the granddaughter accept ?

9. Another neighbor, Mr Ruble, is considering depositing $1,500 at the end of each year for five years in a saving account that pays 3.5% per year . you recommend that he deposit the funds at the beginning of each year. Calculate and demonstrate the change in value that will accrue to Mr.Ruble. Explain why there is a change in value .

          Fjällräven is a Swedish company specializing in outdoor equipment—mostly clothing and rucksacks. Fjällräven was founded in 1960 by Åke Nordin(1936–2013). Its most popular product is the Kånken rucksack (shown below). The Fjällräven Kånken rucksack which is made from tent fabric proved comfortable and durable. It made the brand well known in just a decade.

          The company has a strong market presence in the Nordic countries. It is also represented in other European countries, especially Germany. The company would like to expand and increase sales in the US market, however, the US market is crowded with strong competitors such as JanSport, the North Face, among others.

          Your task is to come up with a promotional strategy for Fjällräven’s Kånken rucksack. Feel free to use any promotional tools we have talked about in class so far, be creative! Make sure you specify the target market (e.g., segments) and have a clear message.

Assume that 28 years ago, the average tuition for one year in the MBA program at a university was $3.4 thousand and now it is $36.8 thousand for one year. What is the compound annual growth rate in tuition over this period? Round to the nearest 0.01% (e.g., if your answer is 6.832%, record it as 6.83)

You are performing the audit of XCO, a public compnay. Bubba Smith, the inventor who founded XCO is still the majority shareholder. Bubba and his two daughters comprise the majority of senior management for the company and hold three of the seven seats on the board of directors. You are testing accounts recieveable and notice that some are from Bubba and his daughters. Interest is not specified in the notes. Identify applicable ASC and IFRS standards on the issues raised in this case.