Explain 1) what it means if something is insured on a
replacement cost basis; 2) what it means if something is insured on
an actual cash value (ACV) basis; and 3) why replacement cost
insurance is a violation of the principle of indemnity.
Solve the following linear program using both the graphical and
the simplex methods:
Max
2X1
+ 8 X2
s.t.
3X1
+ 9X2
<=
15
2X1
+ X2
>=
12
X1, X2
>=
0
Show graphically how the simplex method moves from one basic
feasible solution to another. Find the coordinates of all extreme
points of the feasible region.
From the graphic I can see there's no solution , but how to
prove it through simplex method? Thank you!
1. Using a graphical representation and analytical explanation
developed by you, generate a budgetary constraint model that shows
the movement on the curve for different situations (income exceeds
cost of items, income doesn't exceed cost of items etc). In
addition, link the model developed back to its impact on choice and
preferences.
2. Using a graphical representation and analytical explanation
developed by you using a real world example as your point of
reference, describe the theory of ordinal utility and...
Audit Analytical Procedures
1. Explain what is meant by Analytical Procedure as used in
audit
2. Outline the 3 main types of Analytical Procedures
3. Identify and explain the 3 main uses of Analytical Procedures
during the audit
4. Develop audit procedures for the use of analytical procedures
as a substantive procedure in the testing of the reasonableness of
monthly payroll costs for the year
Explain the importance of error
analysis in numerical methods with suitable example.
Out of Bisection method and secant
method which one is better and why? Solve one application based
problem using that method.
Use Newton-Raphson Method to find the
root of trigonometric function correct up to seven decimal places.
(Trigonometric function should be complex)
Solve one problem which is based on
the application of Interpolation.
Using numerical differentiation solve
one application based problem. (Use central...
Explain the importance of error analysis in numerical methods
with suitable example.
Out of Bisection method and secant method which one is better
and why? Solve one application based problem using that
method.
Use Newton-Raphson Method to find the root of trigonometric
function correct up to seven decimal places. (Trigonometric
function should be complex)
Solve one problem which is based on the application of
Interpolation.
Using numerical differentiation solve one application based
problem. (Use central difference approximation and problem
must...
Q1 a) Explain the methods that can estimate bad debt expenses in
business. (Give numerical examples)
Q2. Differentiate between Accounts receivable and Notes
receivable.
Q3. . Distinguish between Current/Short term Liabilities and
Non-current/Long term Liabilities. Illustrate your answer with
journal entries as examples.