Molson School of Business ACCO 673 Specialized Topics in Taxation FINAL EXAMINATION Date: August 6‚ 2011 Time: 9:00am – 12:00pm Instructions: - This is a closed book exam. - You are allowed dictionaries. - Use of regular calculators are allowed. Calculators which store text are NOT allowed - This exam consists of 7 questions. - Total number of pages including cover sheet: 11 - Answer all questions in your exam booklet. THIS
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1. Case of Corporate Social Responsibility/ Environmental Policies McDonald is one famous fast food restaurant in Hong Kong‚ in this few years; they started to concern about the environment protection. They trying hard to reduce use of water‚ solid waste and kitchen exhaust. For the environmental policies‚ McDonald practices 3R: Reduce‚ Reuse‚ and Recycle. First‚ to reduce more waste‚ McDonald change most of their foam packaging to paper‚ this already reduce 80% of their waste. Second‚ they use
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1. In which of the following scales‚ the interval between upper and lower fixed points is divided into 100 equal parts? a) Fahrenheit scale b) Both b and c c) Kelvin scale d) Centigrade scale 2. In how many equal parts‚ the interval between upper and lower fixed points is divided in Fahrenheit scale? a) 100 b) 180 c) 120 d) 80 3. In which of the following scales‚ the interval between upper and lower fixed points is divided into 100 equal parts? a) Fahrenheit scale b) Both b and c c) Celsius
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1. What seems to be the major cause of the shootings at Columbine High School in Colorado? a. Exclusion‚ mockery‚ and taunting at school. 2. A bully’s victim usually ________. a. has less power than the bullies 3. Sexual jealousy is a particularly powerful determinant of aggression in ________. a. cultures of honor 4. Children are likely to behave less aggressively when they a. have models of nonaggressive behavior. 5. The only firm conclusion about pornography that
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The three particles that make up atoms are d. protons‚ neutrons‚ and electrons. Which of the following statements about a compound is true? A. The physical and chemical properties of a compound are usually very different from those of the elements from which it is formed. A covalent bond is formed as the result of b. sharing electrons. In a water molecule‚ shared electrons spend more time around the oxygen atom than the hydrogen atoms. As a result‚ the oxygen atom is a. slightly negative.
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1. There is a 20% probability that a particular stock will earn an 18% return and an 80% probability that it will earn 13%. What is the risk premium on this stock if the risk-free rate is 3.5%? E(R) = (.20 × .18) + (.80 × .13) = .036 + .104 = .14 = 14.00%. Risk premium = 14.00% − 3.5% = 10.50% 2. Fruity Soft Drinks just announced that their quarterly earnings will be $0.20 less than the prior quarter. This announcement will cause their stock price to. e. increase‚ decrease‚ or remain constant 3.
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illustrate with decided cases his legal position in relation to a company. Though the certificate of incorporation is conclusive for purposes of incorporation‚ using decided cases‚ outline circumstances under which it could be withdrawn.(10marks) ANSWER Definition; A promoter is one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary step to accomplish that purpose - A promoter is not an agent of the company he promotes‚ as it does not
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is active in overseeing the entity’s financial reporting policies. Answer A is incorrect. An active audit committee tends to temper management ’s aggressive stance. B. External policies established by parties outside the entity affect its accounting practices. Answer B is incorrect. External policies tend to moderate such management tendencies. C. Management is dominated by one individual who is also a shareholder. Answer C is correct because these noted factors tend to have an especially
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will be held in class from 9:00 a.m. - 11:00 a.m. on Thursday October 27‚ 2011. There will also be a 3-hour final examination
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Managerial Economics Final Exam 1. Using language from the Aggregate Demand/Aggregate Supply framework‚ define and explain the five the issues every macroeconomic model must explain. The business cycle shows that when determinants of AD change (consumption‚ investment‚ government spending or net exports) it causes AD to change‚ and AS will respond to these changes. Determinants of AD have a multiplier effect on AD‚ so they will cause AD to change more than these determinants do. Without
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