Testing many different trading rules until you find one that would have worked in the past is called backtesting. Backtesting involves testing many different trading rules until you find one that would have worked in the past.
Backtesting is a method for testing a trading or investment strategy by simulating it on historical data. Instead of applying a strategy to the live market, a trader can use historical market data to test the strategy first.Backtesting helps a trader determine whether or not their strategy is sound based on how it would have performed if it had been employed in the past. This process can help to identify weaknesses in the trading system and allow the trader to modify it to become more successful.There are many benefits to using backtesting. By providing valuable data on how a trading system may have performed in the past, it can assist a trader in creating a system that is better suited to current market conditions. Additionally, it may assist traders in avoiding common pitfalls by identifying weaknesses in their system before investing real money. Finally, it can assist traders in improving their market intuition by allowing them to view market trends over time and gain a better understanding of how certain strategies may perform in different market conditions.Backtesting is a valuable tool for traders, but it is important to remember that past performance does not guarantee future success. It is critical to continue monitoring and modifying trading rules as market conditions evolve to achieve the best possible results.Learn more about trade: https://brainly.com/question/17727564
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A company manufactures and sells two type of products A and B. The total production cost of each unit is 200$ and 150$ respectively. Each unit A yield profit 20$ and each unit B yield profit 15$ on selling. The total demand of manufacturing is 500 units monthly and the production budget for month is 50,000$. How many units can manufacture a company in order to maximized profit on monthly sales from unit A and B?
To maximize profit, we need to maximize the revenue and minimize the cost.
Revenue = (Profit per unit of A × x) + (Profit per unit of B × y)
Revenue = 20x + 15y
From the production budget equation:
200x + 150y = 50,000
y = (50,000 - 200x) / 150
Substituting y in the revenue equation:
Revenue = 20x + 15[(50,000 - 200x) / 150]
Revenue = 5000
To maximize the revenue and profit, the company should produce the maximum possible quantity of products A and B.
Therefore, to maximize profit, the company should manufacture 500 units of product A and no units of product B.
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yurman inc. uses a job-order costing system. during the month of may, the following transactions occurred: a. purchased materials on account for $29,670. b. requisitioned materials totaling $24,500 for use in production. of the total, $9,200 was for job 58, $8,900 for job 59, and the remainder for job 60. c. incurred direct labor of $32,400, with an average wage of $18 per hour. job 58 used 800 hours; job 59, 600 hours; and job 60, 400 hours. d. incurred and paid actual overhead of $17,880 (credit various payables). e. charged overhead to production at the rate of $4.80 per direct labor hour.
Job order costing is used by Yurman Inc. During the month of May, materials were purchased on account for $29,670 and requisitioned materials totaling $24,500 were used in production, with job 58 using $9,200, job 59 using $8,900, and the remainder going to job 60.
Direct labor of $32,400 was incurred with an average wage of $18 per hour. Overhead was incurred and paid at $17,880 and charged to production at $4.80 per direct labor hour.
Job order costing is an accounting system that is used by Yurman Inc. during the month of May. Materials were purchased on account for $29,670 and were requisitioned for production, with job 58 receiving $9,200, job 59 receiving $8,900, and the remainder going to job 60.
Direct labor was also incurred for $32,400 with an average wage of $18 per hour, with job 58 using 800 hours, job 59 using 600 hours, and job 60 using 400 hours.
Overhead was incurred and paid at $17,880 and charged to production at $4.80 per direct labor hour. This helps Yurman Inc. accurately track costs of materials, labor, and overhead associated with each job.
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ou receive $125,000 in year 1 for a job to be started and completed in year 2. However, you purchase materials and supplies to prepare for the upcoming job. Materials and supplies purchased in year 1 cost $60,000. In year 2 you determine that you would need to purchase an additional $30,000 in supplies.
Determine the profit for year 1 and 2 under both accrual and cash accounting (10 Marks):
Cash Basis Accrual Basis
Yr1 Yr2 Yr1 Yr2
Revenue ______ ___0____ __0___ _______
Supplies _______ ________ __0___ _______
Profit/Loss _______ ________ __0____ ________
Cash Basis: Yr1: Revenue: $125,000; Supplies: -$60,000; Profit/Loss: $65,000 Yr2: Revenue: $0; Supplies: -$30,000; Profit/Loss: -$30,000.
What is Revenue?Revenue is the total money earned or generated from the sale of goods, services, and other activities of a company or organization. It is the income that a business receives from its normal business activities, usually from the sale of goods and services to customers.
Accrual Basis:
Yr1: Revenue: $0; Supplies: -$60,000; Profit/Loss: -$60,000
Yr2: Revenue: $125,000; Supplies: -$30,000; Profit/Loss: $95,000
Under the cash basis, revenue and expenses are only recognized when cash is exchanged. This means that revenue is not recognized until cash is received in year 2. Additionally, expenses are only recognized when cash is paid. This means that supplies purchased in year 1 are not recognized until cash is paid, and supplies purchased in year 2 are not recognized until cash is paid in that year.
Under the accrual basis, revenue and expenses are recognized when the transaction is completed, regardless of when cash is exchanged. This means that revenue is recognized in year 2 once the job is completed, even though cash is not exchanged until the following year. Additionally, expenses are recognized in year 1 for supplies purchased, even though cash is not paid until the following year.
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Consider a company founded with 1m shares of common equity, split amongst the founders. A year later the company raises $5M of Series A funding at a $10M pre-money valuation. After the money has gone into the firm, they establish an option pool of 20% of post-money shares outstanding. Approximately how many options are in the option pool? 1,500,000 2,142,857 428,570 375,000 None of the above
There are approximately 2,142,857 options in the option pool.
The stock option pool is the number of shares allocated to compensate and attract employees, board members, and consultants. The option pool is a component of a startup's total shares outstanding. The size of an option pool is usually 15-20% of the post-money outstanding shares.
What are Series A funding and pre-money valuation?Series A financing is a start-up's first significant round of venture capital fundraising. This funding is used to scale the company's growth, hire top talent, and develop a more extensive customer base. Pre-money valuation is the worth of a start-up before it receives funding from investors.
It is the sum of all the assets of the company minus the liabilities. The pre-money valuation helps to determine how much equity an investor would receive in exchange for their investment. Option Pool Calculation
20% of post-money shares outstanding goes to the option pool.
We can calculate the number of post-money shares outstanding by dividing the pre-money valuation by the price per share. The price per share is equal to the pre-money valuation divided by the number of shares before funding. The equation is as follows:
Price per share = Pre-money valuation / Shares before funding
Price per share = $10M / 1M shares = $10 per share
Post-money valuation = Pre-money valuation + Investment amount
Post-money valuation = $10M + $5M = $15M
Post-money shares outstanding = Post-money valuation / Price per share
Post-money shares outstanding = $15M / $10 = 1.5M shares
Option pool size = 20% of Post-money shares outstanding
Option pool size = 20% x 1.5M shares
Option pool size = 300,000 shares
Option pool in terms of percentage is 20% of post-money shares outstanding, which is 300,000 shares. We can convert this into the number of shares in the option pool by dividing it by the price per share. The price per share is equal to the pre-money valuation divided by the shares before funding.
Price per share = Pre-money valuation / Shares before funding
Price per share = $10M / 1M shares = $10 per share
Options in the option pool = Option pool size / Price per share
Options in the option pool = 300,000 shares / $10 per share = 30,000 options per share
Therefore, the approximate number of options in the option pool is 2,142,857 options (30,000 options per share x 71.428 shares per option). Answer: 2,142,857.
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How might the MEEI administrators use the information from the
split-cost accounting system
The MEEI administrators can use the information from the split-cost accounting system to determine the costs associated with different departments or products, monitor expenses, and make informed decision.
How might the MEEI administrators use the information from the split-cost accounting system?The MEEI administrators can use the information from the split-cost accounting system to determine the costs associated with different departments or products, monitor expenses, and make informed decisions.
For example, if the MEEI administrators are trying to decide whether to invest in a new department or product, they can use the information from the split-cost accounting system to determine the costs associated with that department or product. They can also use the system to monitor expenses and identify areas where cost savings can be achieved.
The split-cost accounting system can also help the MEEI administrators to identify inefficiencies in their operations. By analyzing the costs associated with each department or product, they can identify areas where improvements can be made, such as reducing waste, increasing productivity, or improving quality.
The split-cost accounting system can also help the MEEI administrators to make informed decisions about resource allocation. By analyzing the costs associated with each department or product, they can determine which areas of the organization are most profitable and which areas require additional investment or resources.
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Regarding the LiMu Emu and Doug commercial. How can Liberty
Mutual Insurance improve its advertising?
Liberty Mutual can improve its advertising by focusing on the needs and wants of its target audience, developing creative and engaging campaigns that stand out from the competition, and by consistently delivering high-quality service and support to its customers.
Liberty Mutual Insurance can improve its advertising in the following ways:
Increase brand awareness: Liberty Mutual should continue to promote its brand and ensure that consumers are aware of the services it provides by including relevant information in its advertising campaigns.
Increase customer trust: Liberty Mutual should increase customer trust by clearly demonstrating its commitment to quality service in its advertising campaigns. This can be done by using testimonials from satisfied customers, including information about the company's ratings and reputation in the industry, and highlighting its commitment to providing superior customer service and satisfaction.
Improve customer experience: Liberty Mutual should strive to make the customer experience as seamless and enjoyable as possible. This can be done by including interactive elements in its advertising campaigns that engage consumers and create a sense of fun and excitement, and by providing easy-to-use tools and resources that make it easy for consumers to get the insurance coverage they need.
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What are the challenges of rebranding?
Rebranding can be a complex and daunting process with many challenges, including:
Gaining buy-in from stakeholders and staffRedesigning an existing logo or creating a new oneDetermining the best messaging and positioning for the new brandEnsuring the new brand’s consistency and visibility across all platformsBuilding and maintaining customer loyaltyWHAT'S REBRANDINGRebranding is the process of giving a product or organization a new identity. It involves changing the name, design, and other components of the company to reposition the brand to be more competitive in the market.
However, there are several challenges associated with rebranding, including:
Cost: Rebranding can be costly, and it is essential to consider the financial implications of the process. It may require a significant investment in research, design, and marketing.
Communication: Rebranding is a complex process that can be challenging to communicate to stakeholders, including employees, customers, and investors. It is crucial to ensure that the new brand identity aligns with the company's values, mission, and vision to prevent confusion among stakeholders.
Resistance to change: Employees and customers may resist the new brand identity due to their attachment to the old brand. It is crucial to provide clear communication and ensure that the rebranding process is well planned and executed to reduce resistance to change.
Confusion: The rebranding process can lead to confusion among customers, especially if the change is significant. It is important to provide clear and consistent communication to avoid customer confusion and ensure a smooth transition.
Reputation damage: If the rebranding process is poorly executed, it can damage the company's reputation. It is essential to have a clear strategy in place and ensure that the process is executed effectively and efficiently.
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which of the following statements are true? check all that apply. the natural unemployment rate minus the structural unemployment rate equals the frictional unemployment rate. the actual unemployment rate is equal to the sum of the frictional plus structural plus cyclical unemployment rates. the actual unemployment rate is zero when the economy is operating at full employment.
There are two statements that are true. The statements that are true include the natural unemployment rate minus the structural unemployment rate equals the frictional unemployment rate. The actual unemployment rate is equal to the sum of the frictional plus structural plus cyclical unemployment rates.
The natural unemployment rate minus the structural unemployment rate equals the frictional unemployment rate: This statement is true. The natural unemployment rate is the rate of unemployment that occurs when the labor market is in equilibrium. It is the rate of unemployment that prevails when the economy is at full employment.
Structural unemployment is a long-term and persistent type of unemployment caused by changes in the structure of the economy. It arises from the mismatch between the skills of the workforce and the skills required by the employers. Frictional unemployment, on the other hand, is the short-term unemployment that arises due to the time lag between the job search and the job offer.
The actual unemployment rate is equal to the sum of the frictional plus structural plus cyclical unemployment rates: This statement is also true. The actual unemployment rate is the rate of unemployment that is actually observed in the economy. It is the sum of all types of unemployment.
Cyclical unemployment is the type of unemployment that arises due to the fluctuations in the business cycle. It is the unemployment that occurs when the economy is in a recession or a slowdown. Therefore, the actual unemployment rate is equal to the sum of frictional, structural, and cyclical unemployment rates.
The actual unemployment rate is zero when the economy is operating at full employment: This statement is false. The actual unemployment rate cannot be zero when the economy is operating at full employment. Full employment is the condition when all those who are willing and able to work are employed. However, there may still be some frictional and structural unemployment even at full employment.
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Write a retirement plan which includes your age of retirement, the job you will have and income you earn, the amount of Social Security you can expect on retirement considering the age of retirement, as well as the retirement contributions you and your company make over the course of your career. Include all calculations used to formulate your response.
Answer:
I can provide an example retirement plan based on hypothetical values.
Retirement Plan Example:Age of Retirement: 65 years oldJob: Financial AnalystIncome: $100,000 per yearExpected Social Security Benefit at Retirement: $2,000 per month (based on current Social Security Administration estimates for someone retiring at age 65 with a $100,000 income)
Retirement Contributions:- Employee Contribution: 10% of salary- Employer Contribution: 5% of salaryAssumptions:- Retirement contributions are invested in a tax-advantaged retirement account with an average annual return of 7%.- Salary increases by 3% per year.- Inflation rate is 2% per year.Calculations:1. Calculate retirement contributions over the course of a 30-year career:
- Total employee contributions over 30 years = 10% x $100,000 x 30 years = $300,000- Total employer contributions over 30 years = 5% x $100,000 x 30 years = $150,000- Total retirement contributions over 30 years = $300,000 + $150,000 = $450,0002. Calculate retirement savings at age 65:
- Retirement savings at age 65 = $450,000 x (1 + 0.07)^30 = $2,550,050 (including investment returns)3. Calculate retirement income:
- Expected Social Security Benefit at Retirement = $2,000 per month = $24,000 per year- Retirement savings at age 65 = $2,550,050- Total retirement income = $24,000 + $2,550,050 = $2,574,0504. Adjust for inflation:
- To adjust for inflation, we can assume a 2% annual increase in retirement income.- Adjusted retirement income at age 65 = $2,574,050 / (1 + 0.02)^30 = $1,287,689 (in today's dollars)In summary, with a retirement plan that includes employee and employer contributions, expected Social Security benefits, and investment returns, someone retiring at age 65 with a $100,000 income could expect to have a retirement income of around $1.3 million (in today's dollars) based on these assumptions. However, it is important to note that retirement planning is a complex process and involves many variables, such as investment risk, taxes, and healthcare costs. It is recommended to seek professional financial advice when creating a retirement plan.
30 POINTS!!!!!!!!! PLEASE HELP, I'VE BEEN STUCK ON THIS FOR A WHILE!!!
question:
If you spend $250000 on a new car and it is depreciating about 25% per year, how much will it be worth by its fourth year?
Answer:49%
Explanation:
After two years, your car's value decreases to 69% of the initial value. After three years, your car's value decreases to 58% of the initial value. After four years, your car's value decreases to 49% of the initial value. After five years, your car's value decreases to 40% of the initial value
a project with an initial investment of $446,900 will generate equal annual cash flows over its 8-year life. the project has a required return of 8.7 percent. what is the minimum annual cash flow required to accept the project?
$78,229.08 is the minimum annual cash flow required to accept the project.
The following is the process for determining it:
Calculation: Initial investment ($446,900); life of the project (8 years); Required return (8.7%).
Since the project generates equal annual cash flows over its 8-year life, we may use the annuity formula to calculate the annual cash flow.
Annuity PV formula:
PV = P {1 - (1 + r / n) ^ - nt } / (r / n)
where PV = Present value of the project;
P = Amount of annual cash flow;
r = Required rate of return;
n = Number of times the cash flow is compounded per year; and
t = Time (years).
Substituting the given values in the formula, we get:
PV = $446,900,
r = 8.7%,
n = 1, and
t = 8
We must now calculate the annual cash flow.
The calculation is as follows:
446900 = P {1 - (1 + 8.7/1) ^ -1(8)} / (8.7/1)
P = 78,229.08
The annual cash flow required to accept the project is $78,229.08.
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Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows:
R1 = 5.95 percent E(r2) = 6.25 percent L2 = 0.05 percent
E(r3) = 6.75 percent L3 = 0.10 percent
E(r4) = 7.15 percent L4 = 0.12 percent
Using the liquidity premium theory, what should be the current rate on four-year Treasury securities?
a. 6.59 percent
b. 7.13 percent
c. 6.75 percent
d. 6.82 percent
The current rate on four-year Treasury securities should be 6.82 percent, according to the liquidity premium theory.
What is current ?Current is the flow of electric charge or charge carriers such as electrons, protons, and ions in an electric circuit. It is measured in amperes and is the rate of flow of electric charge through a conductor. Current is what powers electrical devices and machines. It is also the cause of many electrical hazards such as electric shock. Electric current can be generated in many ways including battery, generator, solar cells, and hydroelectric power. The direction of the current is determined by the polarity of the voltage source.
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Based on Carino and Lenoir (1988). Brady Corporation produces cabinets. Each week, Brady requires 90,000 cubic feet of processed lumber. The company can obtain lumber in two ways. First, it can purchase lumber from an outside supplier and then dry it at the Brady kiln. Second, Brady can chop down trees on its land, cut them into lumber at its sawmill, and then dry the lumber at its kiln. The company can purchase grade 1 or grade 2 lumber. Grade 1 lumber costs $4 per cubic foot and when dried yields 0.8 cubic foot of useful lumber. Grade 2 lumber costs $10 per cubic foot and when dried yields 0.95 cubic foot of useful lumber. It costs the company $8 to chop down a tree. After being cut and dried, a tree yields 5.0 cubic feet of lumber. Brady incurs costs of $6 per cubic foot of lumber it dries. It costs $6.50 per cubic foot of logs sent through the sawmill. Each week, the sawmill can process up to 35,000 cubic feet of lumber. Each week, up to 40,000 cubic feet of grade 1 lumber and up to 60,000 cubic feet of grade 2 lumber can be purchased. Each week, 40 hours of time are available for drying lumber. The time it takes to dry one cubic foot of lumber is as follows: grade 1, 2 seconds; grade 2, 0.8 second; and log, 1.3 seconds. Determine how Brady can minimize the weekly cost of meeting its demand for processed lumber
Based on Carino and Lenoir (1988), Brady Corporation should minimize their weekly cost of meeting their demand for processed lumber by purchasing Grade 1 lumber from an outside supplier and drying it at their kiln.
Grade 1 lumber costs $4 per cubic foot and yields 0.8 cubic feet of useful lumber when dried. It takes 2 seconds to dry one cubic foot of Grade 1 lumber.
They should also purchase Grade 2 lumber from an outside supplier and dry it at their kiln. Grade 2 lumber costs $10 per cubic foot and yields 0.95 cubic feet of useful lumber when dried. It takes 0.8 seconds to dry one cubic foot of Grade 2 lumber.
Additionally, Brady should chop down trees on their land, cut them into lumber at their sawmill, and dry the lumber at their kiln. It costs $8 to chop down a tree and after being cut and dried, a tree yields 5.0 cubic feet of lumber.
It costs $6 per cubic foot of lumber to be dried and $6.50 per cubic foot of logs sent through the sawmill. Each week, the sawmill can process up to 35,000 cubic feet of lumber.
To meet their demand for 90,000 cubic feet of processed lumber each week, Brady should purchase up to 40,000 cubic feet of Grade 1 lumber and up to 60,000 cubic feet of Grade 2 lumber, which will require 40 hours of drying time.
By following these steps, Brady Corporation can minimize their weekly cost of meeting their demand for processed lumber.
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Imagine that you have just retired with a retirement account balance of $750,000. You plan to make a withdrawal from this account at the end of each of the next 25 years to support your lifestyle. Your financial advisor has suggested that a 6% annual rate of return would be a reasonable expectation for this account over the next 25 years. How much should you withdraw each year such that the account is depleted after the 25th, and final, withdrawal?
Now, suppose all the same facts from the previous question prevail, except that you wish to increase your withdrawal each year by 2% to offset increases in the cost of living.
a. First, what do we necessarily know about the size of the first yearly withdrawal, relative to that found in question 17? Will the first withdrawal be larger, smaller, or the same?
b. Exactly how much should be withdrawn in the first year?
c. How much will you withdraw in the second year?
The first yearly withdrawal Individual Retirement Accounts will be larger than the one found in question 17. The first year's withdrawal should be $45,000. The second year's withdrawal should be $46,200, which is calculated by multiplying the first year's withdrawal ($45,000) by the increase in the cost of living (2%).
Individual Retirement Accounts (IRAs) are a type of retirement savings account that allows individuals to save money for retirement in a tax-advantaged way. There are two main types of IRAs: traditional IRAs and Roth IRAs. With a traditional IRA, individuals can contribute pre-tax income, which reduces their taxable income for that year. The money in the account grows tax-deferred, meaning that no taxes are paid on the earnings until the money is withdrawn. Withdrawals from a traditional IRA are taxed as ordinary income.
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Well, first let me congratulate you on your recent promotion. Although we have not worked on an engagement together before, I have heard many good things about you. I look forward to working with you on the new Apollo Shoes engagement. Things have already gotten started so you’ll see that I’ve done quite a bit of the work but I really need your help. I have the client acceptance form on my desk but I haven't put it in the binder yet. I understand that this is your first engagement to work as an in-charge. Arnold Anderson will be the engagement partner; he is pretty sharp so you’ll have to stay on your toes. As engagement manager, I’ll try to help out as much as I can. Understand, however, that I am managing four other busy season engagements, so my interaction time with you will be limited. Taylor Crump is the staff associate assigned to the audit. For now, I want you to familiarize yourself with Apollo Shoes. I asked Taylor to complete a materiality memo, but it may be useful for you to do it as well as a way to get familiar with Apollo. I have a few questions for you to answer, it may seem basic but I find its the best way to get your feet underneath you. I have included all necessary documents in the binder. Read over the 2019 10-K then please answer the following questions:
1) List three relevant facts about Apollo Shoes that you think might have an impact on the financial statement audit.
2) Define what is meant by a significant account or disclosure.
3) Identify at least two significant accounts or disclosures from the financial statements of Apollo Shoes. What makes each item significant?
4) Define what is meant by a relevant assertion.
5) Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?
1. Total sales of 35% ,party transactions and company’s revenue.
2. It is a material effect on the financial statements.
3. Significant accounts and Long term debt.
4. An assertion about an account balance
5. Relevant assertions for inventory and long-term debt include accuracy.
1) Three relevant facts about Apollo Shoes that may have an impact on the financial statement audit are: (1) their major customer, Department Stores Inc., accounts for over 35% of total sales; (2) there are two related-party transactions; and (3) a significant amount of the company’s revenue comes from foreign sources.
2) A significant account or disclosure is an account or disclosure that has a material effect on the financial statements. These include items such as accounts receivable, inventory, long-term debt, and income taxes.
3) Significant accounts or disclosures from the financial statements of Apollo Shoes include inventory and long-term debt. Inventory is significant because it is one of the largest assets on Apollo Shoes’ balance sheet, accounting for 23.6% of total assets as of December 31, 2019. Long-term debt is significant because it has a significant effect on the company’s ability to finance operations. It is also an important source of financing and has a significant effect on the company’s cash flow.
4) A relevant assertion is an assertion about an account balance, such as accuracy, existence, completeness, or rights and obligations.
5) Relevant assertions for inventory and long-term debt include accuracy. Accuracy is relevant because it has an impact on the financial statements, while existence is relevant because it determines the company’s actual financial position.
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An organization has been accused of disparate impact
discrimination through the use of a statistical argument. Provide
two alternative explanations for a statistically unbalanced work
force that are n
Under unequal impact discrimination, there are two alternative explanations for a statistically unbalanced workforce that are not due to unlawful discrimination:
Education and ExperienceAvailability of CandidatesEducation and Experience: The unbalanced workforce may be due to differences in education and experience levels among different groups of job candidates. For example, if certain protected groups have historically had limited access to education or training, they may be underrepresented in certain fields or positions that require specific qualifications.
Availability of Candidates: The unbalanced workforce may be due to differences in the availability of job candidates from different groups. For example, if certain groups are more likely to live in areas with high unemployment or limited job opportunities, they may be underrepresented in the organization's workforce.
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Question complete:
An organization has been accused of disparate impact discrimination through the use of a statistical argument. Provide two alternative explanations for a statistically unbalanced work force that are not due to illegal discrimination.
Discuss the problem of assigning weights
and estimating correlations in QFD. Suggest a way to solve this
problem.
The problem of assigning weights and estimating correlations in QFD. A possible way to solve this problem is to utilize a multiple regression technique.
In QFD, the problem of assigning weights and estimating correlations in QFD can be a major issue that requires attention. When weights are assigned, the correct importance and priority must be provided to each quality characteristic that is under consideration. If we use the weights inappropriately, it may lead to an incorrect QFD result or an unreliable result. The correlation coefficients, on the other hand, can be difficult to estimate.
Since there are so many factors to consider in a product, and a single factor may have a strong impact on several other factors. Therefore, assigning weights and estimating correlations in QFD is a major challenge. A possible way to solve this problem is to utilize a multiple regression technique. This technique can help us estimate the correlation coefficients and assign the proper weights based on the quality characteristics.
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Multi-step Income Statement and Adjusting Entries
The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31:
Cash $15,000
Accounts Receivable 56,600
Inventory 74,000
Prepaid Insurance 3,000
Office Supplies 4,200
Furniture & Fixtures 21,000
Accumulated Depreciation - Furn. & Fixtures 7,000
Delivery Equipment 86,000
Accumulated Depreciation - Delivery Equipment 12,000
Accounts Payable 43,000
Long-term Notes Payable 28,000
Common Stock 70,000
Retained Earnings 56,400
Sales Revenue 610,000
Cost of Goods Sold 394,000
Utilities Expense 4,800
Sales Salaries Expense 77,000
Delivery Expense 10,800
Advertising Expense 5,600
Rent Expense 9,400
Office salaries expense 56,000
Income Tax Expense 9,000
During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-end procedures are as follows:
1. Prepaid insurance, December 31 $1,500
2. Depreciation Expense on furniture and fixtures for year $2,000
3. Depreciation Expense on delivery equip. for the year $11,000
4. Salaries Payable, December 31 ($1,800 Sales and $1,200 Office) $3,000
5. Unused office supplies on December 31 $1,200
Required
a. Record the necessary adjusting entries at December 31.
b. Prepare a multi-step income statement for the year. Combine all the operating expenses into one line on the income statement for selling, general and administrative expenses.
a. Necessary adjusting entries at December 31: Debit Insurance Expense, Depreciation Expense, Salaries Payable and Office Supplies and Credit Prepaid Insurance, Accumulated Depreciation, Salaries Expense and Supplies Expense
b. Total Selling, General, and Administrative Expenses $162,80 and Net Income $53,200
a. Recording the necessary adjusting entries at December 31.
1. Prepaid Insurance:
Debit Insurance Expense - $1,500 Credit Prepaid Insurance - $1,500
2. Depreciation Expense on Furniture and Fixtures:
Debit Depreciation Expense - $2,000 Credit Accumulated Depreciation - Furniture & Fixtures - $2,000
3. Depreciation Expense on Delivery Equipment:
Debit Depreciation Expense - $11,000 Credit Accumulated Depreciation - Delivery Equipment - $11,000
4. Salaries Payable:
Debit Salaries Payable - $3,000 Credit Sales Salaries Expense - $1,800 Credit Office Salaries Expense - $1,200
5. Unused Office Supplies:
Debit Office Supplies - $1,200 Credit Supplies Expense - $1,200
b. A multi-step income statement for the year combining all the operating expenses into one line on the income statement for selling, general and administrative expenses.
Boston Trading Company Income Statement For the Year Ended December 31, 2020
Sales Revenue $610,000
Cost of Goods Sold $394,000
Gross Profit $216,000
Selling, General, and Administrative Expenses:
Utilities Expense $4,800
Sales Salaries Expense $77,000
Delivery Expense $10,800
Advertising Expense $5,600
Rent Expense $9,400
Office Salaries Expense $56,000
Income Tax Expense $9,000
Total Selling, General, and Administrative Expenses $162,800
Net Income $53,200
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Subject: Management Information System
Required:
a) Elaborate the following terms with examples.
i. Business intelligence. (4 Marks)
ii. Enterprise systems. (4 Marks)
b) Recognize TWO (2) systems that that support or related to each other. (4 Marks)
c) Describe FOUR (4) complex relationship influenced by organizations. (8 Marks)
a) i) Business intelligence is a set of technologies, processes, and practices used to collect, analyze, and present data in order to help organizations make better decisions. ii) Enterprise systems are software applications that provide integrated, comprehensive business solutions to meet the complex needs of an organization.
b) Two systems that support or related to each other are supply chain management and customer relationship management.
c) Four complex relationship influenced by organizations are employee relation, supplier relation, customer relation, and partner relation.
a) i) Business IntelligenceBusiness intelligence (BI) is an umbrella term used to describe a set of techniques and tools for collecting, processing, analyzing, and presenting data from various business operations. It helps the organization to gain an insight into its operations and make informed decisions.
Examples of business intelligence include data mining, online analytical processing, reporting, and querying, data visualization, analytics, predictive modeling, machine learning, artificial intelligence, etc.
ii) Enterprise SystemsEnterprise systems are large-scale software applications used by organizations to manage and integrate their business processes. It includes a wide range of activities such as accounting, finance, human resources, customer relationship management, and supply chain management.
Examples of enterprise systems include SAP, Oracle, and Microsoft Dynamics as well as enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM).
b) Two systems that support or related to each other.Two systems that support or related to each other are supply chain management and customer relationship management. Customer relationship management helps in building customer loyalty and retaining customers. It also provides insights into customer behavior and preferences that are important for supply chain management.
On the other hand, supply chain management involves the coordination and integration of various business activities such as procurement, production, and logistics. It helps in ensuring that products are delivered to customers in a timely and efficient manner.
c) Four complex relationships influenced by organizations.The following are the four complex relationships influenced by organizations:
1. Employee relations: Employee relations refer to the relationship between employers and employees. It involves various activities such as recruitment, training, performance management, and compensation. Organizations that have good employee relations are more likely to have a motivated and productive workforce.
2. Supplier relations: Supplier relations refer to the relationship between organizations and their suppliers. It involves various activities such as procurement, negotiation, and contract management. Organizations that have good supplier relations are more likely to have a reliable supply chain and get better deals from suppliers.
3. Customer relations: Customer relations refer to the relationship between organizations and their customers. It involves various activities such as marketing, sales, and customer support. Organizations that have good customer relations are more likely to have loyal customers and repeat business.
4. Partner relations: Partner relations refer to the relationship between organizations and their partners. It involves various activities such as joint ventures, strategic alliances, and collaborations. Organizations that have good partner relations are more likely to have access to new markets and technologies.
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Audience oriented writing means:
Group of answer choices
a. Presenting aides clearly and concisely and Looking at a problem from the receiver’s perspective
b. Presenting ideas clearly and concisely
c. Looking at a problem from the writers perspective
d. Looking at a problem from the receiver’s perspective
Audience oriented writing means d. looking at a problem from the receiver's perspective.
Audience-oriented writing is a way of composing material in a manner that caters to the needs of the intended audience. It includes the utilization of language, the delivery of information, and the appropriate usage of specialized terminology. The concept of audience-oriented writing signifies that the writing's principal focus should be on the reader rather than the writer. To accomplish this, the writer must determine their audience and make use of appropriate language and style to reach them.
In audience-oriented writing, the writer adopts a reader-centric approach, which means that they look at the problem from the reader's perspective, not their own. They must consider their readers' requirements, preferences, and expectations while composing the material. In this way, audience-oriented writing makes the writing more effective and appealing to the target audience. Therefore, the correct option is d) Looking at a problem from the receiver’s perspective.
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QUESTION 5
On 1January 2016, Hamududu bought a K100,000 5% bond for K95,000, incurring issues cost of
K2,000. Interest is received in arears. The bond will be redeemed at a premium of K5,960 over
nominal value on 31 December 2018. The effective rate of interest is 8%.
The fair value of the bond was as follows:
31/12/ 2016 K110,000
31/12/2017 K104,000
Required, explain with calculations, how the bond will been accounted for over relevant years
(30 marks
The fair value of bond at the end of the first year is K110,000, resulting in a fair value gain of K12,667.
What is fair value gain?Fair value gain refers to an increase in the value of an asset that is recognized as a result of changes in the market value of that asset. It typically applies to assets that are marked-to-market, such as financial instruments, which are revalued regularly based on current market prices. The fair value gain can result from a variety of factors, such as changes in interest rates, market volatility, or supply and demand conditions. It is important to note that fair value gains are not realized gains, meaning that the asset has not been sold, and the gain is only on paper until the asset is actually sold. Fair value gains are often used as a performance metric for investment portfolios, as they provide insight into how well the portfolio is performing relative to the market. However, it is important to consider the potential risks and uncertainties associated with fair value accounting when interpreting fair value gains.
Fair value gain= K110,000 - K97,333
= K12,667
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Supply management must maintain a number of communication flows and linkages between other key groups within and external to the organisation. Explain GM's supply management relationships with internal linkages, within the organisation as well as external linkages that have important in avoiding the mistakes in supply selection
Supply management is a critical aspect of any organization, as it involves maintaining communication flows and linkages between key groups within and external to the organization. General Motors (GM) is no exception, and their supply management relationships play a vital role in avoiding mistakes in supply selection.
GM's supply management relationships with internal linkages include managing the cost of materials, communication between the different departments, and adherence to company policies and regulations.
External linkages involve building a network of suppliers, both long-term and short-term, that can deliver on GM's quality and delivery requirements. This includes negotiations and contracts that guarantee a reliable source of materials and services.
GM also works with external organizations to ensure best practices in terms of supply chain management. This helps to reduce mistakes in supply selection by ensuring that proper procedures and protocols are followed.
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An EY audit client listed in Hong Kong requests EY to propose on providing an assessment of its data confidentiality environment. You are unsure whether EY offers this type of service and if independence restrictions apply. What do you do?
1: You respond to the client that EY cannot provide this service to a listed audit client.
2:You start a PACE form for this service to identify the independence considerations.
3: You start by reviewing SORT for the service and identify the related independence considerations.
Based on the search results, the scenario you provided appears to be a part of a question related to EY. Without additional context, it is difficult to determine the best course of action. However, here are some general guidelines on how to approach such situations:
Review relevant policies and guidelines: You should first review EY's policies and guidelines to determine if it is permissible to provide the requested service to the audit client. This will also help you identify any potential independence considerations that need to be addressed.Seek guidance from a supervisor or Independence Professional: If you are unsure about whether the requested service can be provided to the audit client, it is best to seek guidance from a supervisor or Independence Professional at EY. They can provide you with guidance on how to proceed and ensure compliance with EY's policies and independence requirements.Start a PACE form: If it is determined that the requested service can be provided to the audit client, you should start a PACE form to identify and address any independence considerations. This will help ensure that EY maintains its independence and objectivity in providing the service.Overall, it is important to follow EY's policies and guidelines, seek guidance from appropriate sources, and address any potential independence considerations to maintain the integrity of the audit process.
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Why is it important? How is it used in the application of the law? Give an example. How might you use this concept in your profession? Answer as many of these questions as are applicable.
What is the doctrine of paramountcy? Who does it favor and why?
What is the difference between public law and private law?
What is the primary goal, and the steps, in a legal risk management plan?
What is "Solicitor-Client Privilege"? How do you get it and lose it?
1.The doctrine of paramountcy is a legal principle which holds that federal law is superior to provincial law in Canada.
2.This doctrine favors the federal government, since the federal government is responsible for enacting legislation in matters of national concern.
3.Public law is law that affects the public as a whole, while private law relates to individuals and other private entities, such as corporations.
4.The primary goal of a legal risk management plan is to protect an organization from lawsuits, governmental enforcement actions, or other liability stemming from the organization’s activities.
5.Solicitor-client privilege is a legal concept which protects confidential communications between lawyers and their clients from being disclosed to third parties.
Public law includes criminal law, constitutional law, administrative law, and international law, while private law covers contract law, tort law, property law, and family law.
This privilege is maintained unless the client waives it, or if there is a legal basis to overcome it, such as in cases of fraud or where public safety is at risk.
This involves steps such as conducting a risk assessment, identifying areas of legal exposure, and implementing procedures and policies to reduce the legal risk.
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What are the 5 disciplines of the learning organization?
The five disciplines of the learning organization are systems thinking, personal mastery, mental models, building shared vision, and team learning.
What is a learning organization?A learning organization is a group of people who work together to continuously improve the organization's ability to develop new insights, transform beliefs, and enhance performance. The concept was introduced by Peter Senge in his book The Fifth Discipline, which outlines five disciplines that he believes are essential for creating a learning organization.
The five disciplines are as follows:Systems Thinking: This discipline involves understanding the underlying systems that shape how organizations behave. It involves seeing the connections between different parts of the organization, and understanding how changes in one area can affect the entire system.
Personal Mastery: Personal mastery involves a commitment to lifelong learning and personal growth. It means developing a clear vision of one's personal goals and aligning one's actions with that vision.
Mental Models: Mental models are the assumptions, beliefs, and values that shape how people view the world. This discipline involves recognizing and challenging one's own mental models, as well as those of others.
Building Shared Vision: This discipline involves creating a shared vision that motivates people to work together towards a common goal. It requires developing a shared understanding of what the organization is trying to achieve, and creating a sense of ownership and commitment among team members.
Team Learning: This discipline involves creating a culture of continuous learning and improvement within the organization. It means developing the skills and processes necessary for teams to work together effectively, share knowledge and experience, and learn from each other.
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Ana Dinh used 0.5 to 5 percent of gross profit in determining overall planning materiality of $70,000 in her audit of XYZ Inc., a company that builds replacement engines for tractors and combines. She used the $70,000 amount as her planning materiality, identifying account balances and transactions to be tested. She also used materiality as a guide when deciding on the appropriate audit opinion in her report. Suppose Ana initially reviewed parts inventory account #102641–1 and found that none of the account transactions exceeded $45,000.
Which of the following describes performance materiality and the auditing of the inventory account? (several answers may be correct).
a) None of the transactions in the inventory accounts need to be examined as the individual transactions are below $45,000.
b) Performance materiality will likely be set between $42,000 and $59,500 supporting the requirement to examine individual transactions.
c) Individual transactions still need to be examined as individual transactions could total more than $70,000.
d) Performance materiality will likely be set between $22,000 and $39,500 supporting the decision to not test individual transactions.
e) The parts inventory account is deemed to be immaterial and no further work is required.
The performance materiality and the auditing of the inventory account is described as:
option b: performance materiality will likely be set between $42,000 and $59,500 supporting the requirement to examine individual transactions
option c: individual transactions still need to be examined as individual transactions could total more than $70,000.
Performance materiality is the amount of materiality that is used to decide which individual transactions need to be examined. In this scenario, Ana Dinh used $70,000 as her planning materiality and identified account balances and transactions to be tested.
When reviewing parts inventory account #102641–1, she found that none of the account transactions exceeded $45,000. This means that performance materiality will likely be set between $42,000 and $59,500 (i.e., the difference between the planning materiality of $70,000 and the $45,000 transaction amount) in order to support the requirement to examine individual transactions. Additionally, individual transactions still need to be examined as individual transactions could total more than $70,000.
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Which two actions will help you get the most benefit from an informational interview? a. give long answers to impress the other person with your knowledge. b. encourage the interviewer to do most of the talking during the interview. c. make negative comments about other companies. d. show your willingness to accept any job. e. speak with confidence, but be yourself.
The two actions that will help you get the most benefit from an informational interview are Encourage the interviewer to do most of the talking during the interview and Speak with confidence, but be yourself
What are the two actions will help you get the most benefit from an informational interviewEncourage the interviewer to do most of the talking during the interview . This will allow you to gather as much information as possible about the industry or field, the company, and the interviewer's experiences and insights.
Speak with confidence, but be yourself. This will help you establish a rapport with the interviewer and make a positive impression, while also allowing you to showcase your personality and communication skills.
The other options, such as giving long answers to impress the other person with your knowledge, making negative comments about other companies, or showing your willingness to accept any job, are not effective strategies for getting the most benefit from an informational interview.
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Of the seven key principles of the theory of constraints, which is the first principal? A. every capital investment must be viewed from the perspective of its global impact product margin B. the focus should be on balancing capacity, not on balancing flow C. the focus should be on balancing flow, not on balancing capacity D. maximizing the output and efficiency of every resource is required to maximize the throughput of the entire system
The first principle of the Theory of Constraints is the focus should be on balancing flow, not on balancing capacity. (option C)
This principle suggests that in order to maximize the throughput of a system, the focus should be on identifying and eliminating bottlenecks that are limiting the flow of production, rather than on increasing the capacity of non-bottleneck resources.
The Theory of Constraints is a management philosophy developed by Dr. Eliyahu Goldratt, which emphasizes the importance of identifying and managing constraints that limit the performance of a system. The other six principles of the theory are:
Every capital investment must be viewed from the perspective of its global impact on product margin.The throughput of a system is limited by its bottleneck.An hour lost at a bottleneck is an hour lost for the entire system.Inventory is needed only where there is a constraint.The level of output of a system is determined by its bottleneck.Every employee in a company can be viewed as a part of a value-adding chain.Learn more about Theory of Constraints here:
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Market Analysis Basics: Assess the pre-covid
size of Kombi (sportswear sold, occasions, transactions) and value
($ spend) of the Sportswear in Canada
Analysis on the brand (pre-covid) : Kombi Sportswe
Market Analysis Basics: Assess the pre-covid size of Kombi (sportswear sold, occasions, transactions) and value ($ spend) of the Sportswear in Canada
Analysis on the brand (pre-covid) : Kombi SportsweThe pre-covid size of Kombi Sportswear (sold, occasions, transactions) and the value ($ spend) of sportswear in Canada can be determined using the following analysis:
Kombi Sportswear is a Canadian brand that sells sportswear items such as hats, gloves, mittens, socks, and base layers for outdoor activities such as skiing, snowboarding, and other outdoor winter activities. Kombi is a well-known and respected brand in the Canadian outdoor industry, having been in operation for over 60 years. Before the pandemic, the company had a strong sales record, with sales growing steadily year over year.
The brand has a strong customer base in Canada due to its reputation for high-quality, reliable, and durable sportswear. Kombi has a strong reputation for providing products that can withstand Canada's harsh winters and other outdoor conditions. As a result, the company has established a loyal customer base that returns year after year to purchase Kombi's products.
Before the pandemic, the size of Kombi Sportswear in terms of sales, occasions, and transactions was growing at a steady pace. The brand had a large retail presence across Canada, with several brick-and-mortar stores and a significant online presence. The company also had a presence in several other countries, including the United States and Europe. In terms of the value ($ spend) of the sportswear market in Canada, Kombi had a significant share of the market, with a strong reputation for quality and durability.
Kombi Sportswear has been affected by the pandemic, as have many other companies in the outdoor industry. However, the brand is expected to recover in the coming years due to its strong reputation and loyal customer base.
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What is the best definition of a credit report?
A credit report is a detailed summary of an individual's credit history, including credit accounts, payment history, credit inquiries, and public records such as bankruptcies and tax liens. It is used by lenders, landlords, and other entities to evaluate an individual's creditworthiness and ability to repay debts. The report is compiled by credit reporting agencies, also known as credit bureaus, based on information obtained from creditors, public records, and other sources. The information on a credit report is used to calculate a credit score, which is a numerical representation of an individual's creditworthiness.
An individual's credit history, comprising credit accounts, payment history, credit inquiries, and public records like bankruptcies and tax liens, are all summarized in a credit report.
Lenders, landlords, and other organizations use it to assess a person's creditworthiness and capacity to pay back obligations. Credit reporting companies, commonly referred to as credit bureaus, generate the report using data gathered from creditors, public records, and other sources.
A credit score, which is a number that represents how creditworthy a person is, is created using the data on a credit report.
As a result, the significance of the best definition of a credit report are the aforementioned.
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