Growth in US real GDP per capita has been slowing over the last six decades. What policies could the US government enact that would increase US economic growth?

List 3.

Explain using the Solow Model if possible as well.

Do you think the US is still considered one of the "Super Power" countries it once was? I feel like we have lost some of our edge so to speak? How could us slipping in the "super power" ranking effect us financially?

1. Briefly define corporate governance. In what ways is governance complicated by having a multinational scale of operation for a corporation? How does US law affect governance in the foreign operations of US multinationals? What are the primary laws “exported’ by the US via its multinational corporations?

Acme Manufacturing (AM) Scenario

Read the following scenario about Acme Manufacturing (AM), a small manufacturing company who manufactures Acme Lawnmowers. This scenario includes many issues where the company is proposing a change in their line of mowers.

Next, imagine that you are the project manager or change manager who will be leading the change for the company.

As the change manager you will need to consider the entire change process and how you apply it to this scenario. Though you may not have manufacturing experience, base your paper responses on the change management assignments and lessons learned for each week.

This scenario will be used in all eight weeks of the course. You will be required to complete a written assignment each week based on this scenario where you will answer questions for the change topic of the week. You must use the scenario and base your answers on readings, outside resources and analysis of the assignments for the week.

Acme Manufacturing Company

Acme Manufacturing (AM) is a mid-sized, non-union company that has been in existence for 20 years. They manufacture a line of lawnmowers consumers use for mowing their lawn.

AM’s profits are falling due to increased competition. In order to be more competitive AM management are taking steps to diversify their product line. Management is moving toward a huge change for the company, adding another line of lawnmowers for commercial use. This will be a change for everyone in the company. Employees are used to building a line of mowers for home use, and have done so since the company was started.

AM is organized as other companies; the President, COO, CFO; the Operations Department who leads manufacturing; the Marketing Department to market the mowers; the Logistics Department who packs and ships the mowers; and the Customer Service Department who leads answering calls for orders, assists in troubleshooting and answers general questions.

They currently have 200 employees, the average age of their workforce is 40 years and many of the machine operators have below average computer literacy. Average job tenure is 7 years. They need to add a second shift to manufacture this product as their current hours of operation and staff cannot meet the demand of this change.

The company will have to make many changes in their operations and organization in order to effect this change to their line of mowers.

This week as the change manager for AM, you must assist the company president with a communications strategy plan and answer the following questions:

• What items will you communicate to the management and employees?
• What is your communication timeline?
• Identify the communication strategy you feel is most effective to the change management process and explain it to the president.

Problem 14-27 (Algo) (LO 14-3, 14-9, 14-10)

The following is the current balance sheet for a local partnership of doctors:

The following questions represent independent situations:

1. E is going to invest enough money in this partnership to receive a 25 percent interest. No goodwill or bonus is to be recorded. How much should E invest?

2. E contributes $36,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances?

3. E contributes $50,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances?

4. E contributes $44,000 in cash to the business to receive a 15 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, what are the individual capital balances?

5. C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 140 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?

b. E contributes $36,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances?

c. E contributes $50,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances?

d. E contributes $44,000 in cash to the business to receive a 15 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, what are the individual capital balances?

e. C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 140 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?

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Following is the current balance sheet for a local partnership of doctors:

The following questions represent independent situations:

1. E is going to invest enough money in this partnership to receive a 25 percent interest. No goodwill or bonus is to be recorded. How much should E invest?

2. E contributes $42,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances?

3. E contributes $62,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances?

4. E contributes $50,000 in cash to the business to receive a 20 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, what are the individual capital balances?

5. C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 130 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?

Req A

E is going to invest enough money in this partnership to receive a 25 percent interest. No goodwill or bonus is to be recorded. How much should E invest?

Req B to E

b. E contributes $42,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances?

c. E contributes $62,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances?

d. E contributes $50,000 in cash to the business to receive a 20 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, what are the individual capital balances?

e.

C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 130 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?

Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6789 and 111-11-1112, respectively. Alice's birthday is September 21, 1971, and Bruce's is June 27, 1970. They live at 473 Revere Avenue, Lowell, MA 01850. Alice is the office manager for Lowell Dental Clinic, 433 Broad Street, Lowell, MA 01850 (employer identification number 98-7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY 11788 (employer identification number 11-1111111).

The following information is shown on their Wage and Tax Statements (Form W-2) for 2018.

The Byrds provide over half of the support of their two children, Cynthia (born January 25, 1994, Social Security number 123-45-6788) and John (born February 7, 1998, Social Security number 123-45-6786). Both children are full-time students and live with the Byrds except when they are away at college. Cynthia earned $6,200 from a summer internship in 2018, and John earned $3,800 from a part-time job.

During 2018, the Byrds provided 60% of the total support of Bruce's widower father, Sam Byrd (born March 6, 1942, Social Security number 123-45-6787). Sam lived alone and covered the rest of his support with his Social Security benefits. Sam died in November, and Bruce, the beneficiary of a policy on Sam's life, received life insurance proceeds of $1,600,000 on December 28.

The Byrds had the following expenses relating to their personal residence during 2018:

The Byrds had the following medical expenses for 2018:

The medical expenses for Sam represent most of the 60% that Bruce contributed toward his father's support.

Questions:

1. Calculate the income tax liability

2. Calculate any other taxes due

3. Calculate total tax credits available

4. Calculate total witholding and tax payments

Use the simple exchange-rate model (supply and demand model for foreign exchange market) to answer the following questions.

2.1. Assume an initial equilibrium level for price and quantity in the US versus China exchange rate market. Plot the exchange rate of US dollars per Chinese yuan versus the quantity of Chinese yuans traded. Then graphically simulate the impact of an increase in tariffs imposed by the US on Chinese goods and indicate your forecast for the potential changes in the exchange rate and quantity of Chinese yuans traded.

2.2. Assume an initial equilibrium level for price and quantity in the US versus Mexico exchange rate market. Plot the exchange rate of US dollars per Mexican peso versus the quantity of pesos traded. Then graphically simulate the impact of an increase in Mexico’s productivity relatively to the US, and indicate your forecast for the potential changes in the exchange rate and quantity of pesos traded.

Identify an article in the media which discusses the impact of COVID 19 on either of the three concepts; economic growth, unemployment, or inflation in the US. From the article identify and discuss the following:

1. Provide the link and title of the article
2. Give the rate of economic growth, unemployment or inflation
3. From the article summarize:

• Either the factors that account for the rate given in (2). or
• Suggest recommendations to improve the rate given in (2).