Trans Atlantic Metals has two operating divisions. Its forging operation in Finland forges raw metal, cuts it, and then ships it to the United States where the company’s Gear Division uses the metal to produce finished gears. Operating expenses amount to $21.4 million in Finland and $61.4 million in the United States exclusive of the costs of any goods transferred from Finland. Revenues in the United States are $164 million.
If the metal were purchased from one of the company’s U.S. forging divisions, the costs would be $31.4 million. However, if it had been purchased from an independent Finnish supplier, the cost would be $41.4 million. The marginal income tax rate is 70 percent in Finland and 30 percent in the United States.
Required:
What is the company’s total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios ($31.4 million and $41.4 million)? (Enter your answers in dollars and not in millions of dollars.)
Total Tax Liability for 31.4:
Total Tax liability for 41.4:
In: Accounting
|
Two-year MBA |
Evening MBA |
Total |
|
|
Asia |
31 |
33 |
64 |
|
Europe |
5 |
0 |
5 |
|
Latin America |
20 |
1 |
21 |
|
Middle East |
5 |
5 |
10 |
|
North America |
103 |
65 |
168 |
|
Total |
164 |
104 |
268 |
|
X |
Y |
X-Xbar |
Y-Ybar |
(X-Xbar)^2 |
(Y-Ybar)^2 |
(X-Xbar)*(Y-Ybar) |
|
3 |
1 |
|||||
|
8 |
5 |
|||||
|
10 |
13 |
|||||
|
15 |
18 |
|||||
|
19 |
23 |
In: Statistics and Probability
Many entrepreneurs have the desire to become successful CEOs, but not all will succeed. The period of transition during which a startup grows up and becomes a scalable business is arguably the most critical time in the life of an emerging firm. In his 2018 interview, Airbnb founder Bryan Chesky states that "(after growing your startup, you reach a point where) you realize that everything you do doesn’t matter because your company is too big and you need to run your business fairly differently”. Which ones of the "eight hurdles of transition" (Picken, 2017) Chesky had to face in order to become a successful CEO? Indicate at least 3 hurdles (for example: building financial capability OR developing an appropriate culture) and explain how he was able to overcome them.
Need a couple paragraph response
In: Operations Management
In 2015, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $76 billion. Given that there were about 322 million people living in the United States that year, how much could each person have received if Gates’s wealth had been divided equally among the population of the United States? (Hint: A billion is a 1 followed by 9 zeros while a million is a 1 followed by six zeros.)
Which group in each of the following pairs has the higher poverty rate: (a) children or people age 65 or over? (b) African Americans or foreign-born noncitizens? (c) Asians or Hispanics?
In: Economics
A founder owns 100% of their startup. They are offered an equity investment by a VC investor, accepts, and eventually, undergoes one more round of financing, with a new VC investor. The financing events are as follows: VC investor 1 steps in with $0.5 million at a pre-money value of $2 million; later, VC investor 2 contributes $3 million at a pre-money of $7 million; After the second round of investment, what is the worth in stock of the founder, of VC1, and of VC2? What percentage of the company does each own?
In: Finance
Liberalism
How does the current society or history of the United States illustrate the influence and values of notable authors such as John Locke, Adam Smith, and Edmund Burke? Does the United States in the year 2020 fit the values of these notable authors, the American Revolutionaries, or the writers of the Constitution? Is it better or worse than what they expected?
In: Economics
A finance journal published a study of whether the decision to invest in the stock market is dependent on IQ. Information on a sample of 156905 adults living in Finland formed the database for the study. An IQ score (from a low score of 1 to a high score of 9) was determined for each Finnish citizen as well as whether or not the citizen invested in the stock market. The following table gives the number of Finnish citizens in each IQ score/investment category. Suppose one of the 156905 citizens is selected at random. Complete parts a through f.
a. What is the probability that the Finnish citizen invests in the stock market?
The probability is ________.. (Round to the nearest thousandth as needed.)
b. What is the probability that the Finnish citizen has an IQ score of 6 or higher?
The probability is ________. (Round to the nearest thousandth as needed.)
c. What is the probability that the Finnish citizen invests in the stock market and has an IQ score of 6 or higher?
The probability is ________.. (Round to the nearest thousandth as needed.)
d. What is the probability that the Finnish citizen invests in the stock market or has an IQ score of 6 or higher?
The probability is ________.. (Round to the nearest thousandth as needed.)
e. What is the probability that the Finnish citizen does not invest in the stock market?
The probability is ________.. (Round to the nearest thousandth as needed.)
f. Are the events {Invest in the stock market} and {IQ score of 1} mutually exclusive? Choose A,B,C or D
A. Yes, they are mutually exclusive because there are no Finnish citizens who invest in the stock market and have an IQ score of 1.
B. Yes, they are mutually exclusive because there are Finnish citizens who invest in the stock market and have an IQ score of 1.
C. No, they are not mutually exclusive because the probability that a Finnish citizen invests in the stock market and has an IQ score of 1 is very small.
D. No, they are not mutually exclusive because there are Finnish citizens who invest in the stock market and have an IQ score of 1.
| IQ_Score | Invest_in_Market | No_Investment | Totals |
| 1 | 831 | 4684 | 5515 |
| 2 | 1342 | 9380 | 10722 |
| 3 | 1939 | 9551 | 11490 |
| 4 | 5310 | 19847 | 25157 |
| 5 | 8120 | 24959 | 33079 |
| 6 | 10080 | 21044 | 31124 |
| 7 | 6612 | 10848 | 17460 |
| 8 | 5340 | 7362 | 12702 |
| 9 |
4575 |
5081 | 9656 |
| Totals | 44149 | 112756 | 156905 |
In: Statistics and Probability
Credit card usage in the United States is substantial. Many startup companies use credit cards as a way to help meet short-term financial needs. The most common forms of debt for startups are use of credit cards and loans from relatives.
Suppose that you start up Brothers Sandwich Shop. You invested your savings of $20,000 and borrowed $70,000 from your relatives. Although sales in the first few months are good, you see that you may not have sufficient cash to pay expenses and maintain your inventory at acceptable levels, at least in the short term. You decide you may need to use one or more credit cards to fund the possible cash shortfall.
Instructions:
(a) Go to the Internet and find two sources that provide insight into how to compare credit card terms.
(b) Develop a list, in descending order of importance, as to what features are most important to you in selecting a credit card for your business.
(c) Examine the features of your present credit card. (If you do not have a credit card, select a likely one online for this exercise.) Given your analysis above, what are the three major disadvantages of your present credit card?
In: Finance
Question B1
In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)
Based on the above case, name the type of problems Musk deal with when developing these new ventures.
just name the type of problems only !
thanks!!!
In: Operations Management
Question B1
In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)
Based on the above case, name the type of problems Musk deal with when developing these new ventures.
In: Operations Management