XMX India is the Indian subsidiary of ABC, a British multinational. ABC's reporting currency is the British pound. XMX India's balance sheet on 31 December 2020 is shown in the table below. The exchange rate between the Indian rupee and the British pound was 102.50 rupees per pound on 31 December 2020 and 112.75 rupees per pound on 31 March 2021. Assume that the rupee values of all entries in XMX India's balance sheet did not change between 31 December 2020 and 31 March 2021Assets Value in Rupees Cash 307,500,000 Accounts receivable 615,000,000 Inventory 922,500,000 Net plant and equipment 1,230,000,000 Total 3,075,000,000 Liabilities and Net Worth Accounts payable 256,250,000 Short-term debt 666,250,000 Long-term debt 563,750,000 Invested capital 1,588,750,000 Total 3,075,000,000

(i) If ABC uses the current rate method for compiling its consolidated balance sheet, did it make a gain or incur a loss from its translation exposure to XMX India between 31 December 2020 and 31 March 2021? Compute the pound value of ABC's translation gain or loss.

(5)

(ii) If ABC uses the temporal method for compiling its consolidated balance sheet, did it make a gain or incur a loss from its translation exposure to XMX India between 31 December 2020 and 31 March 2021? Compute the pound value of ABC's translation gain or loss.

In 1960, about 40 percent of all US women of ages 16 years and over had paying jobs outside their homes; by 2010 this number had risen to almost 60 percent.

a. How has this increase in women's "labor force participation" affected US GDP - specifically, is GDP today higher, lower, or the same as it would be if this trend towards higher labor force participation had not occurred? (Here, all you need to do is to say higher, lower, or the same as, you don't need to explain why).

b. Suppose that all of the women who joined the labor force between 1960 and 2010 report being happier working at their jobs than they would have been staying at home. Would the actual growth in GDP during this period overstate or understate the true increase in the quality of life that reflects the extra psychological benefits that women gain from working and earning income? (Again, all you need to say is overstate or understate, you don't need to explain why.)

5. Consider a simple economy in which only two goods are produced and sold: pizza and beer. The prices and quantities produced of these two goods over a three-year period are shown in the table below. Year Price of Pizza Quantity of Pizza Price of Beer Quantity of Beer 2009 $2 1 $1 2 2010 $4 1 $2 2 2011 $4 2 $2 4 a. Calculate nominal GDP in 2009, 2010, and 2011.

. In the mid-1920s, the American author F. Scott Fitzgerald wrote a somewhat comical article for the Saturday Evening Post magazine titled, "How to Live on $36,000 a Year," in which he explained how he and his wife managed to spend their entire annual income of $36,000 without saving anything. a. In the mid-1920s, the consumer price index was around 18; in 2010, the CPI was around 225. Using these figures, calculate how much Fitzgerald's income would be worth in 2010's dollars.

. More recently, Forbes magazine published a list of the highest-paid authors, showing that J.K. Rowling, author of the Harry Potter books, earned $10 million in 2010. After adjusting for the effects of inflation, who earned more: Fitzgerald or Rowling?

Fisher-Price Toys Company sells a variety of new and innovative children's toys. Management Learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Fisher-Price discovers a new toy with good market potential, it chooses on October market entry date.

In order to get toys in its stores by October, Fisher-Price places one-time orders with its manufacturers in June or July of each year. Demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Fisher-Price stuck with high levels of inventory that must be sold at reduced process. The most important question that company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many are purchased, profits will be reduced because of low prices realized in clearance sales.

For the coming season, Fisher-Price plans to introduce a new product called Weather Teddy. This variation of a talking teddy bear is made by a company in Taiwan. When a child pressed Teddy's hand, the bear begins to talk. A built-in barometer selects one of five responses that predict the conditions. The responses range from "It looks to be a very nice day! Have Fun" to "I think it may rain today. Don't forget your umbrella." Tests with the product show that, even though it is not a perfect weather predictor, its predictions are surprisingly good. Several of Fisher-Price's managers claimed Teddy gave predictions of the weather that were as good as many local television weather forecasters.

As with other products, Fisher-Price faces the decision of how many Weather Teddy units to order for the coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, or 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team asks you for an analysis of the stock-out probabilities for various order quantities, an estimate of the profit potential, and to help make an order quantity recommendation. Fisher-Price expects to sell Weather Teddy for $24 based on a cost of $16 per unit. If inventory remains after the holiday season, Fisher-Price will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Fisher-Price's senior sales forecaster predicted an expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and 30,000 units.

Question 1. Use the sales forecaster's prediction to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its mean and standard deviation.

I need to figure out how to calculate the Z-score using excel.

Let 'X' be the demand for the toy.

X has normal distribution with mean= 20000 and standard deviation

P(10000 < X < 30000) = 0.95

p((10000-20000) / < (X-20000)/ < (30000-20000)/) = 0.95

From tables of areas under the standard normal curve (30000-20000)/ = 1.96

How do i derive the below answer 1.96 via excel?

ACTG 495 Case 2 - Financial statement analysis The following case involves financial analysis of Ubisoft Entertainment SA and its subsidiaries ("Ubisoft" or "the Group"). Ubisoft is a French corporation with its corporate headquarters in Montreuil sous Bois, France (a suburb of Paris). The Group's business activities are centered around production, publishing and distribution of video games for consoles, the PC, smartphones and tablets in both physical and digital formats. This case involves the analysis of French reporting standards and Ubisoft's business strategy, accounting policy and financial performance.

Requirements Part I - Reporting Format

B. What is your overall impression of IFRS reporting? Do you find the level of detailed Group information beneficial or is too much information presented? Does the level of detail required disclose too much Group information so as to possibly harm the Group, or do you believe more information is needed?

Topic: Law of Commerce

Scenario John Finlay, a retired commercial pilot, is the registered proprietor of large plot of land, with a small wooden building, near Tullamarine airport. He had always planned to develop his land into a light plane training academy, however, he was made redundant from his job during the Covid-19 pandemic in late 2020. He now does not have the funds to develop the land and the leading banks have denied him a bank loan to fund his proposed flight school.

John was about to give up hope of his dreams for a flying academy when he was approached by Sam Lawrence, the director of Flight Schools International Pty Ltd (FSI), a company duly established under Australian law and registered with ASIC. The company was incorporated with the objects of providing flight consoles and decommissioned airplanes for light plane enthusiasts to complete their training and seek a licence.

FSI entered into an agreement with John to set up the light plane training academy on his land, with the building to be used as the training centre. This agreement was expressed to be a "joint venture". Pertinent parts of the agreement are extracted below.

Joint Venture Agreement 1. Formation

The joint venture formed by this agreement will conduct its business under the name of 'FSI Finlay Flying Academy'. The joint venture will be considered a joint venture by both joint venturers and in no event shall this agreement be construed to join a partnership or other fiduciary relationship between the parties."

2. Purpose

The Joint Venture will be formed to conduct the business of a light plane training academy in Tullamarine, Victoria.

3. Contributions

The parties make the following contributions to the startup of this FSI Finlay Flying Academy:

(1) John Finlay provides the land, water, electricity and other amenities. He maintains the access road and parking spaces and provides an office and training rooms.

(2) FSI provides the flight consoles and decommissioned airplanes and undertakes to keep the equipment serviced at all times. FSI also undertakes to provide startup capital of $75,000 for advertisements, employment of staff and other incidentals.

4. Distribution of Profits

Any and all net income accruing to the joint venture will he apportioned equally between the joint venturers.

5. Management

FSI Finlay Flying Academy will be jointly managed by John Finlay and Flight Schools International Pty Ltd.

6. Termination

Either party shall have the right to terminate this joint venture agreement with thirty (30) days' notice in writing, at which time profits will be shared equally.

The relationship between John and FSI has broken down. Many clients have canceled their console training due to poor maintenance of the consoles due to FSI's failure to keep up their part of the agreement. John exercised the right to terminate the agreement pursuant to term six in the agreement by providing 30 days' notice to FSI in writing.

One morning John arrives at the flight academy and finds that FSI has packed up all its equipment during the night and left the building empty. Two of the full-time staff members arrive at work shocked to find all the equipment gone. They tell John they are owed two months' salary. John checks with the bank and discovers that all the funds from the joint venture bank account have been withdrawn.

Question

Advise John whether he is personally bound to pay the staff for their unpaid salaries and to claim a share of any profits from FSI. By following closely the steps IRAC.

Facts Issue Rule of law Analysis Conclusion