Question 1
Read the case study titled ?F&C International? (Link at the end) Write a five to six (5-6) page paper in which you: Over time, there has been significant legislation passed, such as Sarbanes-Oxley, yet corporate fraud is still pervasive in today?s business environment. Suggest three (3) new ways that you believe will eradicate corporate fraud. In the F&C case, inventory manipulation was used to enact the fraud. Discuss the proper internal controls needed over inventory and how these controls will act as a deterrent to fraudulent activities. For a moment, step into the shoes of Catherine Sprauer at F&C International. Indicate what you would have done following each of the confrontations she had with the two employees who insisted that F&C executives were involved in a fraudulent scheme to misrepresent the company?s financial statements. Discuss how accounting firms should modify their audit procedures to ensure the risk of financial fraud is minimized. Discuss how the Securities and Exchange Commission (SEC) continues to fail to detect fraudulent activities in publically traded companies. Suggest a recommendation for improvement. Evaluate whether legislation and regulatory agency oversight will increase or decrease corporate fraud. Explain your position. Use at least three (3) quality resources in this assignment. Your assignment must follow these formatting requirements: - Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. - Include a cover page containing the title of the assignment, the student?s name, the professor?s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. http://books.google.com/books?id=HPwVqabKeXEC&pg=PA275&lpg=PA275&dq=Alex+Fries+emigrated+to+the+United+States+from+Germany+in+the+early&source=bl&ots=G-pVm3rkDk&sig=lDYOcZRcQdpWye7ZCUhCQLz2u_w&hl=en&sa=X&ei=6hciUbr7JOaT0QGYhIG4AQ&ved=0CD8Q6AEwAA#v=onepage&q=Alex%20Fries%20emigrated%20to%20the%20United%20States%20from%20Germany%20in%20the%20early&f=false
Question 2
(Points: 10) Suppose the profit the Honda dealership makes on the next 5 Accords it sells are 408 979 693 662 1,309 What is the average profit on these cars? Answer Save Answer 2. (Points: 10) Suppose the following data show the introductory interest rates on a sample of 5 credit cards 6.0 1.8 3.6 5.7 4.2 Calculate the standard deviation of the sample. Note: the numbers may be different from the last problem. (please express your answer using 2 decimal places) Answer Save Answer 3. (Points: 10) There were many car accidents following the snow in Little Rock on Jan. 6. An insurance company who offers automobile insurance had the following number of claims for the following amounts: 21 claims of $500, 14 claims of $1100, 9 claims of $1700, 6 claims of $2400 and 3 claim of $3900. What was the average claim size? (please round your answer to 1 decimal place) Answer Save Answer 4. (Points: 10) A stock analyst assigns the following probability distribution to the possible earnings per share (eps) of a company: he believes there is a probability of 0.29 that eps will be 1.04, a probability of 0.37 that eps will be 1.30, and otherwise eps will be 1.52. What is the expected value of the eps? (please express your answer using 2 decimal places) Answer Save Answer 5. (Points: 10) Suppose that an individual stock?s return is normally distributed with a mean of 10% and a standard deviation of 8%. What is the probability that the stock?s return will be at least 16%? (please round your answer to 4 decimal places) Answer Save Answer 6. (Points: 10) The average amount of debt families have is 2.5 times their annual income with a standard deviation 0.75 times their annual income. How much debt does a family have to have (relative to their annual income) to be in the top 5% with the LOWEST debt load? (please round your answer to 2 decimal places) Answer Save Answer 7. (Points: 10) A country club would like to have an idea concerning the average amount its members spend on food and beverage in a given month. In a sample of 70 members, the average amount spent on F&B was $378 with a standard deviation of $81. Find the LOWER bound of the 99% confidence level of the average amount spent on F&B. (please express your answer using 2 decimal places) Answer Save Answer 8. (Points: 10) In a survey of 200 publicly-traded companies, the average price-earnings ratio was 18.5 with a standard deviation of 8.2. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past value of 16.8, the null and alternative hypotheses would be which of the following? a. b. c. d. e. f. g. h. i. j. k. l. Save Answer 9. (Points: 10) To determine whether high blood pressure affected whether a person had a stroke, a sample of 123 people who had had strokes are examined. In the sample, 38% had high blood pressure. If we were to test the hypothesis at the 10% level of significance that at least 30% of the people who have had strokes have had high blood pressure, what is the test statistic? (please round your answer to 2 decimal places) Answer Save Answer 10. (Points: 10) To determine whether high blood pressure affected whether a person had a stroke, a sample of 144 people who had had strokes are examined. In the sample, 35% had high blood pressure. If we were to test the hypothesis that at least 32% of the people who have had strokes have had high blood pressure (using the 10% level of signficance) what is the critical value? (please round your answer to 2 decimal places) Answer Save Answer 11. (Points: 10) In a sample of 80 people who have had strokes, the average cholesterol level was 250 with a standard deviation of 70. In order to test the hypothesis (at the 5% level of significance) that the average cholesterol level of people who have had strokes was at least 240, what is the p-value? (please round your answer to 4 decimal places) Answer Save Answer 12. (Points: 10) In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. Therefore, the p-value is 0.017. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is your conclusion concerning the null hypothesis? a. Reject the null hypothesis b. Fail to reject the null hypothesis Save Answer 13. (Points: 5) What is the t-value associated with 18 degrees of freedom and 10% in the tail? (please round your answer to 3 decimal places) Answer Save Answer 14. (Points: 10) The number of gallons of paint that Home Depot sells in a given day is normally distributed with a mean of 175 gallons and a standard deviation of 40 gallons (I realize that the distribution is probably different for weekends compared to weekdays, but just assume everyday has the distribution). In a sample of 126 days, what is the probability that the average number of gallons sold will be 170 or less? (please round your answer to 4 decimal places),Thank you so much!
Question 3
Homework Chapter 10 Minden Company is a wholesale distributor of premium European chocolates. The company?s balance sheet as of April 30 is given below: Minden Company Balance Sheet April 30 Assets Cash????????????????????. $ 9,000 Accounts receivable 54,000 Inventory?????????????????.. 30,000 Buildings and equipment, net of depreciation 207,000 Total assets??????????????????? $300,000 Liabilities and Stockholders? Equity Accounts payable????????????????.. $ 63,000 Note payable???????????????????. 14,500 Capital stock, no par??????????????? 180,000 Retained earnings????????????????. 42,500 Total liabilities and stockholders? equity $300,000 The company is in the process of preparing budget data for May. A number of budget items have already been prepared, as stated below: a. Sales are budgeted at $200,000 for May. Of these sales, $60,000 will be for cash; the remainder will be credit sales. One-half of a month?s credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May. b. Purchases of inventory are expected to total $120,000 during May. These purchases will all be on account. Forty percent of all purchases are paid for in the month of purchase; the remainder are paid in the following month. All of the April 30 accounts payable to suppliers will be paid during May. c. The May 31 inventory balance is budgeted at $40,000. d. Selling and administrative expenses for May are budgeted at $72,000, exclusive of depreciation. These expenses will be paid in cash. Depreciation is budgeted at $2,000 for the month. e. The note payable on the April 30 balance sheet will be paid during May, with $100 in interest. (All of the interest relates to May) f. New refrigerating equipment costs $6,500 will be purchases for cash during May. g. During May, the company will borrow $20,000 from its bank by giving a new note payable to the bank for that amount. The new note will be due in one year. Required: 1. Prepare a cash budget for May. Support your budget with a schedule of expected cash collections from sales and a schedule of expected cash disbursements for merchandise purchases. 2. Prepare a budgeted income statement for May. Use the absorption costing income statement format as shown: 3. Prepare a budgeted balance sheet as of May 31.
Question 4
3. Portfolio Expected Return You own a portfolio that is 60 percent invested in Stock X, 25 percent in Stock Y, and 15 percent in Stock Z. The expected returns on these three stocks are 9 percent, 17 percent, and 13 percent, respectively. What is the expected return on the portfolio? 7. Calculating Returns and Standard Deviations Based on the following information, calculate the expected return and standard deviation for the two stocks. State of Probability of Economy State of Economy Stock A Stock B Recession .15 .05 -.17 Normal .65 .08 .12 Boom .20 .13 .29 10. Returns and Standard Deviations Consider the following information: State of Probability of Economy State of Economy Stock A Stock B Stock C Boom .15 .30 .45 .33 Good .45 .12 .10 .15 Poor .35 .01 -.15 -.05 Bust .05 -.06 -.30 -.09 a. Your portfolio is invested 30 percent each in A and C, and 40 percent in B. What is the expected return of the portfolio? b. What is the variance of this portfolio? The standard deviation? 12. Calculating Portfolio Betas You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.38 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio? 14. Using CAPM A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?
Question 5
True or False 1) Distribution channels are systems for conveying goods from producers to consumers.( ) 2) Intermediaries consist of agents, brokers, wholesalers, and retailers.( ) 3) Among the different types of distribution channels, there must always be at least one intermediary.( ) 4) If intermediaries are eliminated, their functions are also eliminated.( ) 5) The general rule for knowing which distribution channel is best is: Make the product available in whatever number of locations, great or small, is needed to satisfy customers.( ) 6) Distributing a product in a few choice locations is a way to practice intensive distribution ( ). 7) Luxury automobile makers are likely to use an intensive distribution strategy.( ) 8) The main difference between wholesalers and retailers is that retailers sell products directly to consumers.( ) 9) A rack jobber is a type of wholesaler who delivers goods directly to store displays.( ) 10) Sand, coal, lumber, and other bulky goods are often handled by drop shippers.( ) 11) Agents and brokers help negotiate transactions between buyers and sellers.( ) 12) Before the explosion of the Internet, nonstore retailing did not exist.( ) 13) Direct selling is a relatively new way of selling products.( ) 14) Multilevel marketing is sometimes associated with fraud and so-called "pyramid schemes."( ) 15) Video marketing often uses a TV sales pitch followed by an urge to call a toll-free number or to go to a website to place an order for the product.( ) 16) Physical distribution consists only of the transportation of products from the producer to and from intermediaries.( ) 17) Supply-chain management is mainly concerned with the tactics of moving materials and products.( ) 18) Railroads handle the greatest volume of domestic goods transported in the United States. ( ) 19) Freight forwarders bundle many small shipments together into a single large shipment for more cost-effective transportation.( ) 20) Distribution centers usually store products for much longer periods of time than storage warehouses do.( ) 21) The first promotional priority is to inform people about a product.( ) 22) The last priority of promotion is to persuade consumers to buy the product.( ) 23) Whereas advertising is paid coverage of a product, publicity is unpaid coverage.( ) 24) If you wanted to remind consumers about the existence of your product, you'd most likely use competitive advertising.( ) 25) Direct-action advertising is best used to slowly develop a desire among consumers for the product.( ) 26) Reach is the average number of times each member of the audience is exposed to an ad. ( ) 27) New media includes online ads, websites, e-direct marketing, and ads on cell phones. ( ) 28) Consumers are apt to see publicity as less credible than other forms of promotion. ( ) 29) Press conferences are sometimes used by PR departments to call media representatives to a press briefing at which they announce new information.( ) 30) Personal selling is put to its best advantage for more-expensive items.( ) 31) The cold-call sales prospecting technique is one of the easiest prospecting techniques( ). 32) The need-satisfaction presentation is by far the most preferred personal selling approach these days.( )
