What role does foreign aid play in the conduct of US foreign policy? What are the different types of foreign aid the US can use? Which of these has been the most and the least effective in the history of US foreign policy?

How would you try to systematically understand the cultural differences between Germany and the US?

Use Hofstede's comparison to highlight the differences between the US and Germany.

How will this knowledge help US businesses navigate the cultural waters effectively?

Introducing Plenitude in the US:

• Comparing L'Oreal's strategy for Plenitude in the US vs. France, what are the main similarities and differences?
• What are the differences between the skincare markets in the US and France? Did L'Oreal sufficiently adjust their strategy to address these differences?

Suppose that beef sells for US$15 per kg in the USA and A$20 per kg in Australia. Assume the exchange rate was A$1.2 per US$1

If a lot of people behaved like you and the exchange rate between the US$ and A$ was a flexible rate, what would happen to the exchange rate? What would the equilibrium exchange rate be if the US dollar price and the Australian dollar price for beef stayed the same?

Suppose that Congress and the President enact legislation that provides a tax rebate to businesses to purchase capital goods. Assume other countries make no policy changes. You can write up, down, or flat in the boxes.

Question 3. Impact on China

   (a) Why is China under pressure to make a trade deal with the US?
In your answer Identify and explain two negative impacts the US tariffs have had on the Chinese economy.

(b) Do you believe China will make a trade deal or fight back / retaliate against the US, or is the US under pressure to make a deal?
Briefly explain 2 reasons for your answer.

According to the EPA (link below), China is responsible for the most CO2 emissions, with more than double that of the US and triple that of the EU nations combined.

With this in mind, if the US were to levy a tax on carbon emissions, would this have long term detrimental effects on US businesses if other countries were not to follow suit? How can the US address a global emissions problem without handcuffing its own economy?

. The following events apply to the first year of operations for Mestro Financial Services Company:

1. Acquired $28,000 cash by issuing common stock on January 1, 2018.

2. Purchased $1,000 of supplies on account.

3. Paid $12,000 cask in advance for a one-year lease on office space.

4. Earned $23,000 of consulting revenue on account.

5. Incurred $16,000 of general operating expenses on account.

6. Collected $20,000 cash from receivables.

7. Paid $13,000 cash on accounts payable.

8. Paid a $1,000 cash dividend to stockholders.

9. There was $200 of supplies on hand.

10. The one-year lease on the office space was effective beginning on October 1, 2018.

11. There was $1,200 of accrued salaries at the end of 2018.

Required:

A. Record the preceding events in general journal format.

B. Post the transaction data from the general journal into general ledger T-accounts.

C. Prepare an adjusted trial balance.

D. Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows.

E. Prepare the appropriate closing entries in general journal format.

The following transactions apply to Jova Company for Year 1, the first year of operation:

1. Issued $15,500 of common stock for cash.
2. Recognized $64,500 of service revenue earned on account.
3. Collected $57,600 from accounts receivable.
4. Paid operating expenses of $36,000.
5. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account.

The following transactions apply to Jova for Year 2:

1. Recognized $72,000 of service revenue on account.
2. Collected $65,600 from accounts receivable.
3. Determined that $890 of the accounts receivable were uncollectible and wrote them off.
4. Collected $300 of an account that had previously been written off.
5. Paid $48,400 cash for operating expenses.
6. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1 percent of sales on account.

Required
Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2.

c. Organize the transaction data in accounts under an accounting equation for each year.

The following transactions apply to Jova Company for Year 1, the first year of operation: Issued $10,000 of common stock for cash. Recognized $210,000 of service revenue earned on account. Collected $162,000 from accounts receivable. Paid operating expenses of $125,000. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 1 percent of sales on account. The following transactions apply to Jova for Year 2: Recognized $320,000 of service revenue on account. Collected $335,000 from accounts receivable. Determined that $2,150 of the accounts receivable were uncollectible and wrote them off. Collected $800 of an account that had previously been written off. Paid $205,000 cash for operating expenses. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 0.5 percent of sales on account. Required Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. c. Organize the transaction data in accounts under an accounting equation for each year.