Describe the foreign investment reporting obligations that Simon has for 2020 and provide the information required.

During 2020, Simon Taylor, a Canadian resident, has a bank account at the Bank of Scotland. The balance ranged from £4,000 to £52,000 during the year and has a balance of £41,000 on December 31, 2020. Interest on the account for the year totalled £1,000. In 2019, he made a two year interest free loan of £145,000 to his brother-in-law, who is a resident of Scotland. No formal loan agreement was involved. Assume 1£ = $1.70 for 2019 and 2020. Describe the foreign investment reporting obligations that Simon has for 2020 and provide the information required.

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erive the differential equations in terms of the liquid heights h1 and h2.

  Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….

Derive the differential equation relating the liquid height h and the volume flow rate qi at the inlet.

  Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is qi. The liquid leaves the tank through an orifice….

Derive the differential equations in terms of the liquid heights h1 and h2.

Figure 7.20 shows a hydraulic system of two interconnected tanks that have the same cross-sectional area of A. A pump is connected to tank 1. Assume that the relationship between the….