12/31/03 had the following balances in its S.E section of the B.S:

Common Stock, $.50 par $300k

APIC - Common Stock $4 million

APIC - Share Repurchase $50k

R.E $2 million

Treasury Stock, at cost, 30k shares $(600k)

During 2004 completed the follwing transactions:

2/20: Issued40k shares of common stock (with a $.50 par value) in exchange for a machine w/ an appraised value of $800k

6/17: Resold 15k shares of treasury stock for $240k (The treasury stock was resold relates to common stock that was originally issue for $18 per share & was reacquired for $20 per share during 2003.)

12/2: Issued 10k shares of common stock for $24 per share. Share issue costs to promote the stock issuance totaled $15k

12/31: Reported NI of $1.5 million and other comprehensve income of $200k on the companys statement of comprehensive income.

Using the info provided above, what would they report within its 12/31/2004 S.E section of the B.S.

Provide the following amounts as they would appear in the B.S at 12/31/2004.

#1: APIC - Common Stock __________

#2: Retained Earnings __________

#3: Treasury Stock __________

#4: Common Shares Issued __________

Submit a thread of at least 400 words on the effects of the Sarbanes-Oxley Act of 2002 on the auditor and the auditing profession. Your thread should be properly cited, using APA formatting, and should include at least two scholarly sources

There was almost a complete turnover of the staff assigned to the New Century audit engagement team from 2004 to 2005. What quality control mechanisms should accounting firms have in such circumstances to ensure that a high-quality audit is performed?

IAS 7 - CONSOLIDATED CASH FLOW

Assume that on 1 January 2003, HH Bhd (HHB) a parent company acquired 75% of interest in subsidiary SS Bhd (SSB). On that date the shareholders’ funds of SSB stood at RM700K. Assume that SSB is the only subsidiary that PPB has. An item of property plant and equipment (PPE) was found to be undervalued by RM40K and was subsequently revalued to its fair value. HHB had paid RM655K in cash. The following are the consolidated financial statement prepared by HHB for 2004 incorporating its subsidiary SSB.

Consolidated Statement of Comprehensive Income for the year ended 31 December 2004

Consolidated Statement of Financial Position as at 31 December 2004

Additional information:

(a) There is no impairment of goodwill recorded for the year.

(b). During current year, HHB paid RM400K dividend. SSB earned net income of RM600K and paid dividend of RM180K.

(c)   During the year, an item of machinery which had originally cost RM140K and had been depreciated RM60K was sold by HHB for RM68K. Another machine was immediately purchased for RM190K.

(d)   An investment which had originally cost RM80K was sold for RM96K cash.

(e)   An additional long term loan of RM50K was obtained during the year.

You are required to prepare:

a).     The worksheet for the preparation of a consolidated cash flow statement.

b).     The consolidated statement of cash flows for the year ended 31 December 2004.

In a study of academic procrastination, the authors of a paper reported that for a sample of 431 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.24 hours and the standard deviation of study times was 3.50 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 431      x = 43.18      s = 21.26

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)
(  ,  ) ( , )

In a study of academic procrastination, the authors of a paper reported that for a sample of 411 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.64 hours and the standard deviation of study times was 3.60 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)
(   ,   )

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 411      x = 43.28      s = 21.66

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)
(   ,   )

Interpret the interval.

*We are confident that 90% of the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval.

*We are 90% confident that the mean percent of study time for all students taking introductory psychology is within this interval.

*We are confident that the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval at least 90% of the time.

*We are 90% confident that the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval.

In a study of academic procrastination, the authors of a paper reported that for a sample of 481 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.54 hours and the standard deviation of study times was 3.80 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 481      x = 43.78      s = 21.46

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)

In a study of academic procrastination, the authors of a paper reported that for a sample of 441 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.74 hours and the standard deviation of study times was 3.40 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(__________ , __________ )

b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 441      x = 43.78      s = 21.46

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)

(_________ , _________ )

The purpose of this exercise is to practice writing an abstract of an academic work. An abstract is a concise summary of the topic, goals, content, and argument of an academic work. Learning to write a good abstract is a key step in developing a critique of an academic work—you cannot provide a good critique of an article or book until you are able to first summarize the author’s argument and the evidence she uses to support it.

Assignment:

For this exercise, write a 150-200 word abstract of chapter 5 (“The Phenomenology of Terror”) in Buried Secrets by Victoria Sanford.

Your goal is to provide a succinct summary of: the topic of the chapter, Sanford’s thesis in the chapter, and the data she uses to support it.

Guidelines:

The first sentence(s) should describe accurately and concisely the main theme of the chapter: What is it about? What is the main topic??Where, when, and with whom was the research done?

The following sentence(s) should concisely state the author’s thesis and how she argues her position. Remember that a thesis must be stated in the form of an argument, not a statement of fact.

The next sentence(s) should briefly outline the information that the author uses to support her thesis. For example, is the data ethnographic or is it historical or a combination of both? Does the author draw primarily on media sources or did she conduct interviews? With whom did she conduct interviews and why? How does the author present or organize her data to support her case?

Your abstract should end with a summary of the implications of the chapter: Why is this chapter significant? What does the author accomplish or hope to accomplish by presenting this data?

Learning Outcome:

1. Demonstrate an understanding of how global competitive environments are changing supply chain management and logistics practice.

2. Apply essential elements of core logistic and supply chain management principles.

3. Analyze and identify challenges and issues pertaining to logistical processes.

Assignment Workload:

This assignment is an individual assignment.

Critical Thinking

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

Question:

1. Why Companies adopted Lean Thinking and JIT model?
2. Discuss major types of Waste, companies has to keep in mind during production.
3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?
4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example.

The Answer should be within 4- 5 pages.

The Answer must follow the outline points below:

• Lean Thinking and JIT Concept
• Agile Supply chain
• Their Main functions
• Reasons with suitable Examples
• Reference

Ans 1:

Ans 2:

Ans 3:

Ans 4: