Dollin Inc. is incorporated under Virginia law and has its corporate headquarters in Richmond. Dollin is a distributor; it purchases tangible goods from manufacturers and sells the goods to retailers. It has a branch office through which it sells goods in the United Kingdom and owns 100 percent of a French corporation (French Dollin) through which it sells goods in France. Dollin’s financial records provide the following information for the year:

• Dollin pays state income tax in Virginia, North Carolina, and South Carolina. All three states tax their apportioned share of Dollin’s net income from worldwide sales. Because Virginia is Dollin’s commercial domicile, it also taxes Dollin’s U.S. source (but not foreign source) dividend income net of any federal dividends-received deduction. The states have the following apportionment factors and tax rates:
  

  	Apportionment Factor			Tax Rate
  Virginia	43.19	%		6.00	%
  North Carolina	11.02	%		7.75	%
  South Carolina	39.52	%		5.00	%

• Dollin paid $149,200 income tax to the United Kingdom.
• Dollin elects to claim the foreign tax credit rather than to deduct foreign income taxes.
  Brio Inc. is a taxable U.S. corporation. Dollin owns 2.8 percent of Brio’s stock.
• Dollin has owned 100 percent of the stock of French Dollin for 10 years. None of French Dollin's earnings are considered GILTI or subpart F income.
• Earnings of the UK branch are not considered FDII.
  

1. Compute Dollin’s state income tax for Virginia, North Carolina, and South Carolina.
2. Compute Dollin’s federal income tax. Assume that Dollin paid the state taxes during the year, and no state income tax is allocable to foreign source income.

Exercise 9-6 Contrasting Return on Investment (ROI) and Residual Income [LO9-1, LO9-2]

1. Baseball America has noticed the number of homeruns has been increasing in recent years in the MLB. They want to develop a 95% confidence interval that captures the true home run percentage. Home run percentage is defined as the number of home runs per 100 at bats. To do so, they randomly selected 64 current MLB players and calculated their homeruns per at bat for the previous year, and obtained a sample mean and sample standard deviation of 2.2 and 1.7, respectively.

a. Compute a 95% confidence interval for the population mean ? of the home run rate for all MLB players. Interpret with context to the problem.

b. The home run percentages for three MLB players are:

• Player 1: Primetime Peanuts: 2.1

• Player 2: Spleens “No Pop” McGillicuddy: 4

• Player 3: Big Dog Lebowski: 1.5

Assess the confidence interval you calculated and describe how the home run rate for these three players compare to the interval calculated for the population mean.


c. If the confidence level was increased to 99%, would the interval be wider or narrower? Why?

d. Before collecting any data, Baseball America wants to achieve a maximum bound on error of 0.3. They suspect the range of home run rates to be 1.5 to 8. How large a sample should be used to be 95% confident of achieving this level of accuracy?

PLEASE SHOW ALL FORMULA AND WORK.

THANK YOU :)

Mattel​ (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004​. In its filings with the United States Security and Exchange Commission​ (SEC), it reported both the amount of regional sales and the percentage change in those sales resulting from exchange rate changes.

a. What was the percentage change in​ sales, in U.S.​ dollars, by​ region?

b. What were the percentage change in​ sales, by​ region, net of currency change​ impacts?

c. What impact did currency changes have on the level and growth of consolidated sales between 2001 and​ 2004?

GENERAL BUSINESS COURSE QUESTION:

Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."

Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.

2) Joe probably can't answer this question, but you can. What happens in the Fed's open market operations?

Bank of America, N.A. v. Barr, 9 A.3d 816 (2010), Supreme Judicial Court of Maine

Constance Barr was the sole owner of The Stone Scone, a business operated as a sole proprietorship. Based on documents signed by Barr on behalf of The Stone Scone, Fleet Bank approved a $100,000 unsecured small business line of credit for The Stone Scone. Fleet Bank sent a letter addressed to Barr and The Stone Scone, which stated, “Dear Constance H Barr: Congratulations! Your company has been approved for a $100,000 Small Business Credit Express Line of Credit.” The bank sent account statements addressed to both the Stone Scone and Barr. For four years, Fleet Bank provided funds to The Stone Scone. After that time, however, The Stone Scone did not make any further payments on the loan, leaving $91,444 unpaid principal. Bank of America, N.A., which had acquired Fleet Bank sued The Stone Scone and Barr to recover the unpaid principal and interest. Barr agreed to a judgment against The Stone Scone, which she had converted to a limited liability company (to limit the liability of her business), but denied personal responsibility for the unpaid debt. The trial court found Barr personally liable for the debt. Barr appealed.

Is Barr, the sole owner of The Stone Scone, personally liable for the unpaid debt? Why or why not?

question

If Susan Kalanti deposits $35,000 into her saving account at her Bank of America branch in Houston, TX, and you know that Bank of America can only loan 84% of that amount, then, because of this transaction, the money supply is US economy

Question 7 options:

Question 8

An economy experiences an economic "expansion" as long as

Question 8 options:

Question 9

Which of the following observations indicates the existence of a recession?

Question 9 options:

Question 10

For a given country, the real GDP equals 100 billion dollars in year 1 and 105 billion dollars in year 2. If you know that the country's population declined from 10 million people in year 1 to 9 million people in year 2, then

Question 10 options:

GENERAL BUSINESS COURSE QUESTION:

Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."

Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.

4) Judging from Joe's remarks, which do we as a nation fear the most - inflation or recession?

GENERAL BUSINESS COURSE QUESTION:

Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."

Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.

3) If tomorrow morning the Fed ordered that the reserve requirements for all banks would be raised significantly, what effect would that have on the money supply?

Mini Case Study – Sales and Marketing at the Edgewater Hotel Seattle Set on the Pier 67 in the Seattle Central Waterfront, the Edgewater is one of the most iconic properties in all of the Pacific Northwest. The hotel first opened as a temporary building, meant to attract visitors for the 1962 World's Fair. Today has built a rich history to match its ideal location and luxurious furnishings, but there’s a growing debate among the Sales & Marketing team about the direction of its market positioning. Bob Peckenpaugh, General Manger of the property, needs your help in deciding on their strategy A History of Rock ‘n Roll The Edgewater became famous both inside and outside of Seattle for hosting some of the biggest names in music. During the height of the “British Invasion” of America, the Beatles helped put the Edgewater on the map. A few months after the Beatles famous set on the Ed Sullivan Show, the Beatles spent the third stop on their first tour of America at the (then named) Edgewater Inn. Seattle hotel owners were afraid of riots and damage from a visit, so Don Wright, then Manager of the property took them in as he knew they would get a lot of attention for the Edgewater Inn. He was right.

1. Who do you think are the customers of Edgewater today? Does that align with the product?

2. What approach option do you think that Bob should take? Why is that the right approach or why are the other options the wrong approach?