Question 4: 10 marks, 10% of the subject. Use complete sentences. In your work as an accountant you advise a client, Avon Pty. Ltd. (Avon), on various matters. Avon entered into a $500,000 one year contract in June 2016 with Central Queensland University (a registered Research Service Provider) to undertake research and development for Avon. The contract was to run from July 2016 to June 2017. Avon wants your advice about tax offsets and how this expense could be treated by the ATO in the 2016-17 tax year.

An instructor is interested in assessing students' typing speed in the class. He knows that the average at the university is 49 word per minute (wpm) with a SD of 18 wpm. He collects data from 31 of his students.

a) What is the probability of the average typing speed being less than 49 wpm?
probability =  

b) What is the proability of the average typing speed being between 51 and 53 wpm?
probability =  

Note: Do NOT input probability responses as percentages; e.g., do NOT input 0.9194 as 91.94.

In the following Java class, what would the following createFromString(String string) and saveToString() methods return?

/**
* This class represents a DVD player to be rented.
*
* @author Franklin University
* @version 2.0
*/
public class DVDPlayer extends AbstractItem
{

/**
* Constructor for objects of class DVDPlayer.
*/
public DVDPlayer()
{
// No code needed
}

/**
* Creates a DVDPlayer from a string in the format
* id:desc:weeklyRate:rented
* @param string The string
* @return the new DVDPlayer
*/
public static DVDPlayer createFromString(String string) {
return null;
}

@Override
public String saveToString() {
return null;
}
}

Develop a 1,050-word evaluation describing business structure and financial statements, including the following:

• Identify and describe the legal categories of a business organization contrasting tax-related advantages and disadvantages.
• Next, using your entrepreneur skills, consider starting your own business. What business structure would you choose and why?
• Discuss financial statements for the chosen business structure, then explain with specific examples from the University Library, how these would help you make decisions about your business.

A) Why US is having an import quota of sugar and what is its impact on US domestic production?

B) What is the impact of an import quota on the sugar price in US and why consumers are not opposing this?          

Explain in detail.  

You and your colleagues have been assigned to the audit of a private company, Rose Pty Limited, which operates a plant nursery with a turnover of $6 million a year. The total number of full-time employees working for the company is 16, together with between five to seven casual employees as and when required on weekends. The company is run by a husband and wife team who are the directors and shareholders and a full-time accounts clerk, Sofia, who is responsible for all accounting-related tasks including accounts receivable, inventory, payroll and accounts payable. All accounting functions are performed on a standalone personal computer (PC). The access to various applications is controlled by passwords. Sofia records passwords to each application in her top drawer. Backups for all applications are done on a regular basis, appropriately labelled and maintained in a ‘backup’ case next to the PC. The office of the company is located in a small office building inside the nursery which is well fenced. The company trades seven days a week, but Sofia only works Mondays to Fridays. The office is also used by various other members of the staff to process sales invoices and dispatch documents during the weekend. A monthly income statement and balance sheet are prepared as part of the roll-forward procedure. Monthly reconciliations are also prepared by Sofia for all balances on the balance sheet; however, the directors concentrate their review on the income statement. Required: (a) From the information above, identify FIVE significant internal control weaknesses. (b) For each weakness identified in (a) above, recommend a practical and effective internal control procedure that could be introduced to overcome this weakness.

What happens to future value of a lump sum if you increase the length of time involved (for example, going from 5 years to 10 years)?A) No Change to the future valueB) Future value increases.C) Future value decreasesD) The PV becomes negative.

If the US T-Bill rate is 1.7%, the US expected inflation rate is 0.6%, the real rate of interest for Brazil is 2.2%, the default risk premium for Amazon is 0.9%, the maturity premium for Amazon debt is 1.2%, and the liquidity premium is 0.4%, then what is the expected interest rate (cost of capital) Amazon will have to pay to borrow?

The PVAF (present value annuity factor) is:

1. The following table represents unemployment compensation claims US starting from May 07, 2020.  Further, a record 20.5 million American jobs lost in April 2020. Unemployment rate increased to 14.7%.

1. Discuss the above numbers in terms of cyclical, frictional, and structural unemployment (10 points)
2. What does it mean to the US economy in the short run and long run? (10 points)

1. Does the US Government have a spending problem, a revenue problem or both? Why or Why not?
2. Let's look at spending...what is the breakdown of the federal budget (where does the money go)? What proportion is discretionary vs. non-discretionary? Where is the majority of the spending growth taken place?
3. Given the spending growth (where it is taken place), what does this indicate regarding the role of the federal government?
4. What do you make of the US Government's deficits and overall debt from an economic perspective? This might include any consequences (good or bad) that you see. (Back up your thoughts with data.)

1. Does the US Government have a spending problem, a revenue problem or both? Why or Why not?
2. Let's look at spending...what is the breakdown of the federal budget (where does the money go)? What proportion is discretionary vs. non-discretionary? Where is the majority of the spending growth taken place?
3. Given the spending growth (where it is taken place), what does this indicate regarding the role of the federal government?
4. What do you make of the US Government's deficits and overall debt from an economic perspective? This might include any consequences (good or bad) that you see.   Back up your thoughts with data.