Read the following article, which is an abstract from a press release by the Hong Kong Government’s Information Service Department on 11th
October 2017, and then answer the questions that follow.
CE: Tax relief, new convention venues, innovation and technology to boost Hong Kong’s economy
In her maiden Policy Address today (October 11), the Chief Executive, Mrs Carrie Lam, outlined plans to diversify Hong Kong’s economy and create more opportunities for the city.
“While upholding the free market principle, the Government has to actively enhance its role in boosting our economic vibrancy through efforts in various areas, including land supply, talent, government-to-government business, policy directions, investment, business-friendly environment and taxation,” Mrs. Lam said.
Mrs. Lam unveiled new tax measures to reduce the burden on companies, including a two-tiered profits tax system that would lower the profits tax rate to 8.25 per cent – half the current standard rate – on the first $2 million of profit.
“To ensure that the tax benefits will target small and medium-sized enterprises (SMEs), we will introduce restrictions such that each group of enterprises may only nominate one enterprise to benefit from the lower tax rate,” she said. This, Mrs Lam said, would “provide further tax relief to small and medium-sized enterprises”. The standard profits tax rate of 16.5 per cent would remain unchanged for profit beyond $2 million.
In addition, the Chief Executive proposed that the first $2 million in eligible research and development (R&D) expenditure enjoy a 300 per cent tax deduction and 200 per cent for the remainder. A bill to implement the two initiatives will be submitted to the Legislative Council as soon as possible.
(Source: http://www.ird.gov.hk/eng/ppr/archives/17101101.htm)
Required
a State and briefly explain the objectives of a good tax system an d the characteristics it should possess.
b Briefly comment on the proposed measures in the article above by referring to your answer to (a). (You might need to refer to other materials to understand more about the background and to get some basic understanding of Hong Kong profits tax.)
In: Finance
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Which one of the following is NOT a way that humans increased the carrying capacity of agricultural land during the 'green revolution.' Question 1 options:
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In: Biology
Watch the attached video and read the paragraphs that follow. Once completed, describe in 300 words how this new technology can impact Amazon.
In 2013 Amazon announced a bold new venture: a drone delivery service that could bring products to customers within 30 minutes. Three years later, the e-commerce giant completed its first Amazon Prime Air delivery during a trial run in Great Britain. Of course, the company still has a long way to go before its drones are ready to take flight in great numbers. Along with figuring out many technical details, Amazon must also deal with regulations that limit where drones can and cannot fly. In the U.S., for instance, drones are not allowed to soar above densely populated areas.
As a result, Amazon has established research facilities in Great Britain, Austria and France in order to test its drones in less regulated skies. At its British outpost, the company currently has two customers enrolled in a pilot program for Prime Air. While this lucky pair have made headlines for receiving Amazon’s first drone-delivered packages, perhaps the company‘s most important work is being done at its R&D center in France. In this facility located near Paris, about a dozen software engineers and aviation experts are building an air-traffic control system for the company’s growing drone fleet.
Amazon researchers first tried to adapt air-traffic methods used by airlines only to discover that these techniques didn’t work with low-flying drones. Instead, they began to develop a system that focuses on guiding drones past obstacles like power lines, buildings, and birds. This approach relies on creating detailed maps that include temporary objects like construction cranes as well as up-to-the-second weather conditions. What’s more, the autonomous drones will also be able to warn each other in real-time if they encounter any risks on a flight. Despite these latest advancements, though, there’s still no telling when Amazon Prime Air will be ready to go live. “This is highly regulated,” said Amazon’s VP for global innovation policy Paul Misener. “We’re not going to launch this until we can demonstrate its safety.”
In: Economics
QUESTION 1
(a) List down the 5 threats to Auditor’s Independence and explain each threat.
(b) What are the Types of Audit Evidence? Explain each type.
(c) What are the three main Types of Substantive Procedures? Explain each type.
(d) List down the Financial Statement Assertions relating to Account Balances and explain each
assertion.
(e) List down the Financial Statement Assertions relating to Classes of Transactions and explain
each assertion.
In: Accounting
The total cycle time of an automated fiber placement (AFP) operation (sheet lamination), used to manufacture a section of the airplane fuselage, is 8 hours and 40 minutes. The setup time before the start of the operation is 10 minutes. After each layer is put down, an inspection stage is performed for 5 minutes. The AFP head requires cleaning cycle of 3 minutes every 7 layers.
1. If the part is made of 20 layers, what is the time required (in minutes) to lay down 1 layer? (40 points)
2. What is the percentage of down time for this operation? (30 points)
3. What is the total cycle time (in minutes) for making this part, if the lay down speed was doubled? (30 points)
In: Mechanical Engineering
a)
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Player 2 |
|||
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Left |
Right |
||
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Player 1 |
Up |
5,6 |
4,9 |
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Down |
7,7 |
3,8 |
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b)
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Player 2 |
|||
|
Left |
Right |
||
|
Player 1 |
Up |
4,3 |
1,10 |
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Down |
2,5 |
4,2 |
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c)
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Player 2 |
|||
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Left |
Right |
||
|
Player 1 |
Up |
5,5 |
4,4 |
|
Down |
4,2 |
7,3 |
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2. Find all of the PURE STRATEGY Nash Equilibria to the following game:
|
Player 2 |
||||
|
Left |
Center |
Right |
||
|
Player 1 |
Up |
5,5 |
7,7 |
4,4 |
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Middle |
9,1 |
3,7 |
7,8 |
|
|
Down |
4,2 |
7,3 |
7,3 |
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In: Economics
Use the textbook’s model of a small, open economy with perfectly mobile capital to predict how each of the following shocks will affect a nation’s national saving (S), investment (I), trade balance (NX), and real exchange rate (), all else equal. For each shock, be sure to clearly state a prediction for all four variables and illustrate your predictions with the relevant supply/demand diagrams.
a. The domestic labor force expands (LS up)
b. Domestic income taxes are reduced (T down)
c. Forecasts of a recession cause an exogenous decrease in autonomous investment (i0 down)
d. An increase in the world’s supply of loanable funds, pushes world interest rates down (rw* down)
In: Economics
A spherical bowling ball with mass m = 3.3 kg and radius R = 0.11 m is thrown down the lane with an initial speed of v = 8.9 m/s. The coefficient of kinetic friction between the sliding ball and the ground is ? = 0.28. Once the ball begins to roll without slipping it moves with a constant velocity down the lane.
What is the magnitude of the angular acceleration of the bowling ball as it slides down the lane?
What is magnitude of the linear acceleration of the bowling ball as it slides down the lane?
How long does it take the bowling ball to begin rolling without slipping?
How far does the bowling ball slide before it begins to roll without slipping?
What is the magnitude of the final velocity?
In: Physics
3. A block on an incline is pushed by a hand. The hand exerts a force on the block parallel to the incline. State whether the specified quantities are positive, negative, or zero. Explain in each case.
a. The block moves up the incline and speeds up.The work done by the hand on the block. The work done by the block on the hand.
b. The block moves down the incline and speeds up (even though the hand is still pushing up along the incline.) The work done by the hand on the block. The work done by the block on the hand.
c. The block moves down the incline and slows down. (Note that the hand is now pushing down the ramp, and the ramp has friction.) The work done by the hand on the block. The work done by the block on the hand.
In: Physics
follow pseudo
1)
Create class called Node
Declare private integer called data (or any other name)
Declare private Node called link (or any other name)
2) Declare constructor
Should be public (ex: Node)
where:
link is equal to null
data is equal to zero
3) Declare another constructor
public Node with parameters integer d, Node n
where:
data is equal to d
link is equal to n
4)
Declare function to set link to next Node
link equal to n
5)
Declare function to set data to current Node
public void setData with parameter integer d
where
data equal to d
6)
Declare function to get data from current Node
public integer getData
return data
7)
Create class called linkedlist (or any other name)
declare private Node start
declare private Node end
declare public integer size
inside of that class declare constructor;
start equal to null
end equal to null
size equal to zero
8)
Declare function to check if list is empty
should be public boolean any name (empty or something else)
return start equal to null
9)
Declare function to get size of list
should be public integer getSize
return size
10)
Declare function to insert an element at
beginning
declare public void insert at start (some name indicating to insert
in the beginning) with parameter integer value
Declare:
Node (object name ex: as) equal to new Node (value, null)
increment size
if condition start equal to null
start equal to as
end equal to start
else condition
as.setLink (start)
start equal to as
11)
Declare function to insert an element at end
Should be public void insert at end (or something) with parameter
integer value
Declare:
Node (object name ex: as) equal to new Node (value, null)
increment size
if condition start equal to null
start equal to as
end equal to start
else condition
as.setLink (as)
end equal to as
12)
Declare function to insert an element at
position
Should be public void insert in position (or something similar)
with paramaters integer value and integer position
Declare:
Node (object name ex: as) equal to new Node (value, null)
Node (called: es) equal to start
Position equal to position minus 1
create for loop where i equal 1 and i less then size and increment
i
inside of that loop create condition
if i equal position
Node temp equal to es.getLink();
es.setLink(as)
as.setLink(temp)
break
//after closed bracket continue
es equal to es.getLink();
//after closed bracket
increment size
13)
Declare function to delete an element at
position
Should be public void delete in position (or something similar)
with parameter integer position
condition if position equal to 1
start = start.getLink();
decrement size
return
condition if position equal to size
Node a (or any other name) equal to start
Node b (or any other name) equal to start
loop while a not equal to end
b equal to a
a equal to a.getLink();
//after closed bracket continue
end equal to b
end.setLink(null)
decrement size
return
//after closed bracket continue
Node aa(or any other name) equal to start
position equal to position minus 1
create for loop where i equal 1 and i less size minus 1 and
increment i
condition if i equal to position
Node temp(or any name you want) equal to aa.getLink();
temp equal to temp.getLink();
aa.setLink(temp);
break
//after closed bracket continue
aa equal aa.getLink();
//after another closed bracket
decrement size
14)
Declare function to display
Should be public void display
sys.print Linked list:
condition if size equal to zero
sys.print empty value
return
condition if start.getLink() equal to null
sys print(start.getData());
return
Node aaa equal to start
sys.print(start.getData() + " - ");
aaa equal to aaa.getLink();
//after closed bracket
sys.print (aaa.getData() + " \n");
15)
Scanner scan = new Scanner(System.in);
linkedList list = new linkedList();
System.out.println("Linked List: ");
char ch;
do
{
System.out.println("\nLinked List Menu\n");
System.out.println("1. Insert at start");
System.out.println("2. Insert at end");
System.out.println("3. Insert in Position");
System.out.println("4. Delete in Position");
System.out.println("5. Check if its empty")
;
System.out.println("6. Get Size of Linked
List");
int choice = scan.nextInt();
switch (choice)
{
case 1 :
...............
........................
.................................
..........................................
In: Computer Science