QUESTION 16

Which of the following jobs could be described as a "pink-collar" job in the United States?

         a.      nurse practitioner

         b.      human resources manager

         c.      professor

         d.      hotel maid

QUESTION 17

The model family in the 1950s in America was a happy, simple one. Mom stayed home and raised the kids, and Dad went to work and made a good living. Even the dog was happy. In this nuclear family model, we can clearly see the structure of

         a.      "doing gender."

         b.      sex role theory.

         c.      Marxist theory.

         d.      postmodern theory.

QUESTION 18

Betty Friedan's The Feminine Mystique championed women's right to work in the early 1960s. But for many black feminists, Friedan's book ignored thousands of working women by suggesting that

         a.      all women experience oppression in the same way.

         b.      men benefit from relegating women to the domestic sphere.

         c.      gender influences daily life.

         d.      gender is constructed.

QUESTION 20

According to Michelle Rosaldo’s theory, regardless of time or culture, women tend to be associated with ________ and men tend to be associated with ________.

         a.      not having sense of humor; having a good sense of humor

         b.      the domestic sphere; the public sphere

         c.      children; adults

         d.      being owned; ownership

QUESTION 21

Which of the following statements offers an essentialist explanation for gender differences?

         a.      Women find themselves in lower-paying jobs with fewer opportunities for advancement because these jobs make it easier for them to balance work and family.

         b.      Women take on more responsibility for domestic tasks because men still think of these tasks as women's work.

         c.      There are far fewer women professors in the hard sciences because women are encouraged to study the humanities and social sciences.

         d.      Women are overrepresented in professions such as nursing, teaching, and social work because they are inherently more nurturing and caring than men.

QUESTION 22

In 2011, a Toronto police officer said, during a crime prevention talk, that "women should avoid dressing like sluts in order not to be victimized." The idea that women are supposed to dress within a particular set of (largely unspoken) social boundaries, and thereby avoid being called "sluts," speaks to the

         a.      inability of the Toronto police officer to control himself.

         b.      sharp divisions between biological males and biological females.

         c.      maintenance of a gender order.

         d.      importance of language in society.

Permata Mutiara Holdings Berhad (Permata Group) is the holding company of the largest
independent investment bank in Malaysia. Established for more than 30 years, Permata is
a financial group in Malaysia with extensive experience in equity broking, investment
banking, listed derivatives, treasury, corporate advisory, Islamic banking, wealth
management and investment management. Permata Holdings Berhad was listed on the
Main Board of Bursa Malaysia Securities Berhad in 1998.
After graduation, you have successful join the company and been placed in Investment
Department as an Analyst Associate. As a business graduate, the management has trust
that you have an excellent knowledge and skills besides the capability you have shown
during the interview.
En Amir Dhalan, a Chief Finance Officer (CFO) have asking the Investment Department
to prepare a few tasks for him to present for the company business planning for five years.
You are one of the staff in the department has involve in these tasks. Mr Andrew Yap, the
Investment Manager has segregated the tasks to few people in the department. The tasks
have been given by Mr Andrew for you to accomplished as follows:

a) To evaluate the performance of the subsidiaries of Permata by providing the report
on the value of its stocks according to CAPM. You have to plot the Security Market
Line (SML) for all the stocks. The stocks are listed are:
i) Permata Mutiara Plantation
ii) Permata Mutiara Hotel
iii) Permata Mutiara Banking
iv) Permata Mutiara Unit Trust
v)Permata Mutiara Insurance

b)To evaluate the FIVE (5) stocks either they are optimal portfolio and best possible
risk and return according to Markowitz in Modern Theory (efficient frontier).

c)To evaluate all the FIVE (5) stocks according to the Discounted Dividend Model
(DDM) either by constant growth model and/or multiple growth model.

d)The group is considering to buy bonds from foreign countries. You have to
recommend TWO (2) countries after analyze according to the SWOT, the strength
and weakness of the firm, risk analysis and return. Besides, the main factor you
have to look at the bond rating.

e)The group also considering to buy Malaysia Government Securities and few stocks
either locally or globally. Before recommend, you need to analyze those stocks
according to your knowledge.

f) Analyze and evaluate the outcome from your valuation.

g) Recommend to the management and summarize your findings.

Personal Trainer, Inc. owns and operates fitness centers in a dozen Midwestern cities. The centers have done well, and the company is planning an international expansion by opening a new “supercenter” in the Toronto area. Personal Trainer’s president, Cassia Umi, hired an IT consultant, Susan Park, to help develop an information system for the new facility. During the project, Susan will work closely with Gray Lewis, who will manage the new operation.

Background
You are enjoying your job as a student intern at Personal Trainer. Last week, Susan asked you to help her plan the new information system project. Susan knows that you have completed several information systems courses at the local college, and that you have studied project management tools and techniques.
Specifically, she wants you to get ready for the next set of systems development tasks, which will be requirements modeling for the new system. Yesterday, Susan called you into her office to discuss the specific tasks she wants you to perform. After meeting with Susan, you sit down and review your notes. She wants you to treat the set of tasks as a project, and to use project management skills to plan the tasks.
Here is what she suggested to you as a work breakdown structure, including the duration she estimated for each task:
• First, you need to meet with fitness center managers at other Personal Trainer locations (5 days).
• After these meetings, you can conduct a series of interviews (5 days).
• When the interviews are complete, two tasks can begin at the same time: you can review company records (3 days) and observe business operations (8 days).
• When you have reviewed the records and observed business operations, you can analyze the BumbleBee accounting software (5 days) and study a sample of sales and billing transactions (2 days).
• After completing the analysis and studying the sales transactions, prepare a report for Susan (1 day)
You are excited about the opportunity to practice your skills, and you start to work on the
following list.

1. Read the attached case study scenario and complete the following:
Use Project to create a Gantt chart and task sheet.

2. Identify the overall duration of the project and identify the critical path.

The director of marketing for Starr Computer Co., Megan Hewitt, had the following discussion with the company controller, Cam Morley, on July 26 of this year:

Megan: Cam, It looks like I am going to spend much less than indicated on my July budget.

Cam: I'm glad to hear it.

Megan: Well, I'm not so sure it's good news. I'm concerned that the president will see that I'm under budget and reduce my budget in the future. The only reason that I look good is that we've delayed an advertising campaign. Once the campaign hits in September, I'm sure my actual expenditures will go up. You see, we are also having our sales convention in September. Having the advertising campaign and the convention at the same time is going to kill my September numbers.

Cam: I don't think that's anything to worry about. We all expect some variation in actual spending month to month. What's really important is staying within the budgeted targets for the year. Does that look as if it's going to be a problem?

Megan: I don't think so, but just the same, I'd like to be on the safe side.

Cam: What do you mean?

Megan: Well, this is what I'd like to do. I want to pay the convention-related costs in advance this month. I'll pay the hotel for room and convention space and purchase the airline tickets in advance. In this way, I can charge all these expenditures to July's budget. This would cause my actual expenses to come close to budget for July. Moreover, when the big advertising campaign hits in September, I won't have to worry about expenditures for the convention on my September budget as well. The convention costs will already be paid. Thus, my September expenses should be pretty close to budget.

Cam: I can't tell you when to make your convention purchases, but I'm not too sure that September items should be expensed in July's budget.

Megan: What's the problem? It looks like "no harm, no foul" to me, I can't see that there's anything wrong with this -- it's just smart management.

Instructions

How should Cam Morley respond to Megan Hewitt's request to expense the advanced payments for convention-related costs against July's budget?

Note: add citations when necessary.

Background

Hetta Carbury is the Managing Director of Melmotte Ltd (‘Melmotte’), a small private limited company, who is seeking someone to invest in her business. Melmotte has been trading for more than 10 years manufacturing and selling its own-branded perfumes, lotions and candles to the public in its 15 retail stores and to other larger retail companies. Revenue and profits have been steady over the last 10 years up to the end of 2018.

In July 2015 the company appointed a new sales director, Hamilton Fisker, who with his experience and contacts in the wider retail sector has overseen the launch of an on-line shop for Melmotte’s products and secured a lucrative deal with a hotel chain.

Hetta now believes that the business has further opportunities and does not wish to lose the momentum created by Hamilton.

The bank that currently provides both the long-term loan and an overdraft facility has rejected Melmotte’s request for additional funds on the basis that there are insufficient assets to offer for security (the existing funding is secured on Melmotte's property, plant and equipment). Hetta has therefore approached a business contact, Tony Trollope, about potentially investing in Melmotte.

Grosvenor Investments (known as ‘Grosvenor’)

Tony Trollope owned a highly successful technology business which he sold five years ago for £20 million. With the proceeds he then set up an investment company (Grosvenor) that invests primarily in smaller private businesses in need of short- to medium-term funding. Tony sits on the board as a non-executive director of a number of the companies in which his business has invested, and is often able to offer valuable business advice to these companies, especially in the area of research and development activities.

Question 1 – Business structure and corporate governance (Total of 23 marks for this section)

1. Melmotte is currently a Limited Liability (Ltd) company. Explain what is meant by ‘Limited Liability’ in this context, and how this differs from a sole trader company.

Grosvenor will be hoping that the company will be able to become a Public Limited Company (PLC) in a few years’ time. Explain the main difference between a Ltd company and a PLC.

Grosvenor has stated that it would like Melmotte to have an audit each year, despite not being required to do so by law.

2. Explain the purpose of an audit and why an investor like Grosvenor would like the company to have one.

Dave (SSN 412-34-5670) and Alicia (SSN 412-34-5671) Stanley are married and retired at age 51. The couple’s income consists of rental property, stock investments, and royalties from an invention. They sold their large house that they had purchased six years ago for $580,000 on October 18, 2017, for $1 million. They now live in a condo at 101 Magnolia Lane, Suite 15, Highland Park, FL 33853.

The rental property is an apartment complex (building cost $1.5 million and was purchased January 5, 2017) with 30 units that rent for $27,000 per month and are at 90% occupancy.

The following information is also for the year:

On January 3, 2018, Dave repurchased the exact number of shares he sold on December 29, 2017. The Stanleys paid $13,000 each quarter (four payments) in federal estimated income taxes.

Prepare Form 1040 for the Stanleys. Taxpayers had qualifying health care coverage at all times during the tax year. You will also need Schedule B, Schedule D, Schedule E, Form 4562, Form 8949 and Form 8960. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Round all intermediate computations and final answers to nearest whole dollar. Instructions can be found on certain cells within the forms.)

b. Compare what happens to potential energy, kinetic energy, and total energy as the skater moves up and down the track. What general statement can you make about the relationship between potential and kinetic energy?

c. Notice that the bar entitled “Thermal” energy does not deviate from zero. This represents an energy that is transformed into "heat" energy. What must be true of this skate park for this to remain at zero?

d. Vary the skater's Mass with the slider on the right while the simulation is running. Describe the similarities and differences that changing the mass has on the bar graphs.

e. Click on the Friction tab at the bottom and choose the parabola track. Place the skater at the top. Examine the bar graphs as the skater oscillates back and forth. What is happening to the energies present? Explain how you know that energy is still being conserved.

f. Run the simulation as in part “e” until the skater comes to a stop. What form did the skater’s initial energy end up as?

Use the above graphs to answer the questions below. a. Estimate roughly where was he located at the times listed below:

• zero seconds? ___________________

• 6.8 seconds? __________________

• 8.1 seconds? _________________

• 5.3 seconds? _________________

b. If his maximum height is 4 m (measured from the bottom of the track), what is his height at the times below

• zero seconds? ___________________

• 6.8 seconds? __________________

• 8.1 seconds? _________________

• 5.3 seconds? __________________

Examine the kinetic energy curve on the graph above. Given that his mass was 75kg calculate his speed at the times below using Ek = ½mv2 .

Speed at zero seconds: show any work below v0 = ______________ m/s

Speed at 6.8 seconds: show any work below v0 = ______________ m/s

Speed at 8.1 seconds: show any work below v0 = ______________ m/s

Speed at 5.3 seconds: show any work below v0 = ______________ m/s

Choose the Friction tab (bottom of screen) and select the half-pipe track. Now select on Grid. This will provide a scale for you to measure heights in meters. You may assume that the mass of the default skater is 75kg. Run the simulation and sketch the Energy vs time graphs below. You know the shapes of these from above, you simply need to determine the transition times (period of motion). Use a stopwatch to get a rough idea. Be sure to include a legend to represent your different energy curves.

Marvin Combs is 43 years old and is employed by a Canadian public company. His annual salary is $82,468, none of which is commissions. Because of his outstanding work during 2017, he has been awarded a $20,000 bonus in 2017 that was paid on December 15, 2017.

For 2017, his employer withheld the following:

EI premiums                                        $836

CPP contributions                               $2,564

Federal Income Tax                           $26,000

Professional association dues           $3,400

Registered pension plan (RPP)        $6,800

Other Information:

1.   Marvin was provided with an automobile by his employer. The vehicle was used largely for employment related activity. Total mileage for 2017 was 62,000 kilometers, with only 4,000 of this being personal use. The vehicle was leased by his employer at a rate of $456 per month, including a payment for insurance of $43 per month. It is available to Marvin for 10 months during 2017. During the other 2 months, the employer required that it be returned to their garage.

2.   In 2014, Marvin received options to purchase 300 shares of his employer’s common stock at a price of $72 per share. At the time the options were granted, the market price of the stock was $70 per share. In January, 2017, when the shares were trading at $85 per share, Marvin exercised his rights to purchase all the shares under the option. He is still holding these shares at the end of the year.

3.   Under his employer’s policy, he was granted an interest free loan of $200,000 to assist with a purchase of a house. The loan was granted on April 1, 2017. Assume that the prescribed rate is 2 percent throughout 2017.

4.   During 2017, Marvin received several gifts from his employer:

·     As a reward for winning the company’s Employee of the Month Award, he received an expense paid weekend in a local hotel. The regular price for this package was $1,200.

·     All employees received a $600 gift certificate for merchandise at a local department store, including Marvin.

·     At Christmas, the company provides all employees with a basket of gourmet food. The value of this basket is $450.

Required:

Part A:            In an Excel spreadsheet, calculate the client’s minimum Division B (net) employment income for tax purposes for the 2017 taxation year. Be sure to comment on all items not used in your computation of employment income

Marvin Combs is a Canadian Resident.

LimeBike is a start-up founded in 2017 located in San Mateo, California. Its mission is to make shared bicycles accessible and affordable. The company has taken the basic idea of shared bicycles and eliminated the need to return the bike to a docking station, which may not be near the cyclist’s destination.

LimeBike charges $1 per 30 minutes of riding. Students receive a discounted rate of $0.50 per ride.

To use LimeBike, you first use the LimeBike app to locate one of the citrus-colored bikes near your location. Once you are at the bike, you scan the QR code on the bike or enter the bike’s plate number into the app to unlock the bike. When you are finished using the bike, you park the bike by a bike rack or post – anywhere that is legal and visible. Once you press down the back wheel lock, the trip is finalized and your payment is processed – all within the LimeBike app.

LimeBike operates the bicycle networks within cities, eliminating the need for cities to maintain the bikes or deal with other logistics. The shared bicycle network is not dependent on government funding, making it appealing to cities with tight budgets.

LimeBike just raised $12 million in funding from investors to expand its operations. It is set to begin operating in as-of-yet undisclosed cities in April or May of 2017.

You are one of the only accountants in LimeBike headquarter's office.

The company’s CEO, Toby Sun, has tasked you with forming the company's the company’s accounting policies.

For the discussion post, write an email to the company CEO and address all of the following typical company scenarios and whether each item should be expensed or capitalized at LimeBike:

The cost of customized bikes. This includes the bike's purchase price, shipping, assembly and sales tax.

Development costs of the smart phone app for locating, paying, and returning bikes. (Resource: Accounting for Software Development)

Salary of the salesperson who works to get cities to adopt the Lime Bike program.

Replacement tires for bikes.

Routine bike maintenance including chain lubrication, brake pad replacement, and drive train cleaning

Electricity and other utilities in administrative offices

Somewhere in your email, also address why this classification is important. Be sure to include how these decisions would impact the company’s balance sheet and income statement.