A company, United Consumers, is considering the option of replacing its employer provided insurance plan with what is known as Consumer Directed Health Plan (CDHP). Under this new plan, the company would provide its employees with a sum of money so that the employees can purchase their health plan form the online marketplace. This plan is based on the belief that employees tend to behave more responsibly if they have to spend their own money as consumers. According to a recent study, a market research firm found that generally 41% of the employees (who had the option to choose CDHP) chose CDHP as their choice over their traditional employer sponsored plan. The company, United Consumers, employs 290 people. In order to find out the acceptance of CDHP among its employees, a random sample of 40 employees was selected. Compute the following based on this information:

a. What is the probability that 18 or more employees from this sample chose CDHP as their choice?

b. What is the probability that between 17 and 22 employees from this sample chose CDHP as their choice?

. During the current year, Lavender Corporation, a C corporation in the business of manufacturing tangible research equipment, made charitable contributions to qualified organizations as follows:

Lavender Corporation’s taxable income (before any charitable contribution deduction) is $1.5 million.

BG Ltd, a company resident in the United Kingdom and MCT Ltd, a company resident in Germany have been awarded contracts by RJ Sdn.Bhd, in connection with the construction of a bridge in Malaysia. RJ Sdn.Bhd carries on the business of construction in Malaysia.

BG Ltd engineers will design the bridge wholly in United Kingdom. It will not be necessary for BG Ltd to send its engineers to Malaysia, BG does not have any branch in Malaysia.

MCT would be responsible for the supply of equipment valued at RM5 million and the provision of project management and supervisory services valued at RM7 million. Employees of MCT will be seconded to Malaysia for the duration of the project, which will be completed in two years.

Required:

1. Advise BG Ltd and MCT Ltd on their liability to Malaysian income tax arising from the contract with RJ Sdn.Bhd.

2. What are the requirements of the Income Tax Act 1967 on RJ Sdn Bhd in respect of the payments due to BG Ltd and MCT Ltd and the implications if the companies do not comply with the requirements?

(Total: 25 marks)

1.

United Snack Company sells 50-pound bags of peanuts to university dormitories for $38 a bag. The fixed costs of this operation are $390,000, while the variable costs of peanuts are $0.24 per pound.

a. What is the break-even point in bags?
  

b. Calculate the profit or loss (EBIT) on 6,000 bags and on 19,000 bags.
  

c. What is the degree of operating leverage at 18,000 bags and at 23,000 bags? (Round your answers to 2 decimal places.)
  

d. If United Snack Company has an annual interest expense of $24,000, calculate the degree of financial leverage at both 18,000 and 23,000 bags. (Round your answers to 2 decimal places.)

e. What is the degree of combined leverage at both a sales level of 18,000 bags and 23,000 bags? (Round your answers to 2 decimal places.)
  

Central County includes five townships (Nixon, Reagan, Davis, greasy Creek and Navaho) and one city (Booneville). It is served by two independent school districts: Seagram United Schools (Davis and greasy Creek Townships) and Clinton Consolidated Schools (Nixon, Reagan and Navaho townships). Each government in the county levies a property tax to finance its activities, although Booneville has also enacted a local earned income tax (it is expected to yield $750,000 in the next year). Property tax rates are applied to assessed value, defined to equal 50 percent of fair cash value. Local unit tax rates fully overlap.

The County assessor reports the following fair cash values for units within the county:

The township value data for the area outside of any city or town that resides in the township. Values within a city must be added to obtain the township total.

The following presents the amounts that each taxing unit has budged to spend in the next year:

There are 1,800 students in Seagram United Schools and 600 students in Clinton Consolidated Schools. How many dollars per pupil would a tax rate of $1 per $100 of assessed value yield in each district? Explain the significance of this comparison.

BACKGROUND

Laura Moore has recently left her job as a Graphic Designer to open her own Company; a Graphic Design Agency dedicated to the creation and design of apps for mobile devices. Laura has decided to be self-employed.

To do so, she will have her business premises, which belongs to her father, in Barcelona downtown and she will have to hire:

• A visual designer
• A developer
• An administrative assistant

1. To hire the administrative assistant, Laura has decided to offer an indefinite contract. It is her first employee that she will hire and this has a recognised degree of disability of 37%. Explain to Laura what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should do exposing its main characteristics. You must prepare the work contract of the Administrative Assistant in the corresponding oficial model.

Once the contract has been drafted and completed according to Spanish regulations, you must specify in detail the differences of this if it had been made in the United Kingdom.

2. We know the salaries agreed with two of the workers.

It develops the different steps to follow to prepare the payroll of each of them and the financial nature of each of the ítems involved:

a. Administrative Assistant. Three-month seniority. He has an indefinite work contract, base salary: € 1,500. Collective bargaining: € 50.

He has two extraordinary six-month accrual pays and receives the mon 06/30 and 12/31 of each year for an amount equal to the base salary. He has a disability of 37% and is single without children. He has made two overtime hours that month at a rate of € 15/h.

b. Visual designer. 2-month seniority. He has a temporary contract.

Base salary: € 1,950. Collective bargaining: € 100. Productivity: € 6 / day. It has two extraordinary six-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives income of over € 1,500/year).

Once you have developed all the steps to follow in each case and the amount of the items, make the offcial payroll of the administrative assistant.

3. A year and a half after being hired, the administrative officer requests a period of leave of six months due to personal reasons.

Make the severance taking into account that:

-    The leave is granted from July 25^th.

• The worker has 10 days of vacations pending.
• During the month of July he made a total of 6 overtime hours

You must specify the conditions of the periods of leave in Spain and compare them with the terms of one of the countries studied; UK, United States or Canada (you can choose the country you want).

What should states in developing countries fo to be able to engender sustained economic growth and generate investment capital needed to build their economies? Support your answer with references and practical examples

What should states in developing countries fo to be able to engender sustained economic growth and generate investment capital needed to build their economies? Support your answer with references and practical examples

The equilibrium system between sulfur dioxide gas, oxygen gas, and sulfur trioxide gas is given.

Write the balanced chemical equation for the reverse reaction. Include physical states for all species.

When aqueous solutions of magnesium sulfate and potassium phosphate are combined, solid magnesium phosphate and a solution of potassium sulfate are formed. The net ionic equation for this reaction is:
(Specify states such as (aq) or (s)