From business accounting audit class:
The Sarbanes - Oxley Act of 2002 was a response to accountants'
failures to sound the alarm about financial misconduct at Enron
Corp and the subsequent demise of its auditor. Do you believe that
the provisions of Sarbanes - Oxley Act are effective in preventing
another Enron scandal?
Briefly explain at least 2 aspects.
In: Accounting
A report in 2002 found that 21.1% of American adults smoked cigarettes. The town of San Sebastian spent five years focusing on educating their population on the health risks associated with smoking cigarettes, and at the conclusion of this five-year campaign, a study of 1200 participants found that 17.1% of the respondents were current smokers. Is this evidence enough that the public-health campaign has lowered the proportion of smokers in San Sebastian? Use α = 0.02 (Show all steps please)
a)State the null and alternative hypothesis (H0 and Ha). H0: Ha:
b) What is the test statistic for this sample (use at least 3 decimal places)?
c) What is the p-value for this sample? (use Statcrunch)
d)Evaluate the strength of the evidence and state the conclusion (in the context of this question).
In: Statistics and Probability
Al Jassar Manufacturing and Trading LLC, established in 2002, is one of the leading manufacturer of plastic pipes in Oman. The company established a standard costing system to control the costs. The standard material and labour requirements for one of its product is as under :
The company uses three materials L, M and N to produce the finished product. It requires 15 Kgs of L, 20 Kgs of M and 30 Kgs of N to produce hundred units of finished products. The standard purchase price per Kg of the material L, M and N is RO 24, RO 18 and RO 15 respectively.
The company has appointed three categories of labour to produce the products. Two skilled, four semi-skilled and three unskilled workers together produce ten units in three hours. The standard labour rate per hour amounts to RO 25, RO 15 and RO 5 for skilled, semi-skilled and unskilled workers respectively. The labour force worked is expected to work for 2700 hours during the year.
The variable overheads are charged at the standard rate of RO 1.5 per skilled labour hour. The annual budgeted Fixed Overheads amount to RO 45,000 and are charged based on the standard/budgeted output.
The management of the company wants to estimate the standard cost of producing the product to fix the selling price of the product. The company’s policy is to have a mark-up of 20% on its products. You are required to estimate the standard cost per unit of the finished product and determine the selling price of the product as per the company’s policy.
In: Finance
In 2002 a U.S. court of appeals imposed remedies relating to a lower court’s findings that Microsoft had a monopoly in personal computer (PC) operating system and had maintained its monopoly through illegal actions.
At the U.S. Justice Department’s Web site, www.usdoj.gov,
Click on the Agencies on the top of the window,
Click on Antitrust Division and then on website
Click on Antitrust Case Filings
Find U.S. vs. Microsoft case filings.
Scroll down to District Court filings and find Findings of Fact
In the list of Findings of Fact find Court’s Findings of Fact (11/5/99).
In your initial response to the topic you have to answer all questions:
In: Economics
Hi,I need the fastest possible answer, I need solution for this issue with all the details just nu .BR/Ha
Q. Answer whether the following examples of Foreign Direct Investment (FDI) describe horizontal or vertical FDI. Explain your answers.
a) Volvo builds a car factory in Austin, Texas, which is similar to Volvo’s factory in Gothenburg. The main purpose is to avoid US import tariffs.
b) H&M relocates production of its clothes from Sweden to Bangladesh to reduce wage costs. (5 points) c) Microsoft splits up its R&D department so that it no longer only has one in the US but also four new R&D departments in four additional countries.
d) Following Brexit, Honda splits its UK factory, which produces only for the European market, into one which remains in the UK and a new one in Germany.
e) Volkswagen’s location of production across countries such that each input in its value chain is produced in the location in the world where its quality-adjusted cost is the lowest.
In: Economics
Calculate the duration for a U.S. Treasury Bond issued in 2002 with an original 20-year maturity. The bond has a 6% coupon rate and will mature in 2022. The bond has four more coupon payments left (assume the first of these payment is exactly six months from now). The current required return for the bond is 1.00%.
In: Finance
Calculate the duration for a U.S. Treasury Bond issued in 2002 with an original 30-year maturity. The bond has a 6% coupon rate and will mature in 2022. The bond has four more coupon payments left (assume the first of these payment is exactly six months from now). The current required return for the bond is 1.00%.
In: Finance
Analyze and evaluate sensitivity analysis for different financial models, including the Yield Curve and its usefulness in predicting recessions. Did the Yield Curve from 2004 through 2007 predict the Great Recession of 2008 – 2010? Based on the current Yield Curve, detail your prediction for the U.S. economy for the next two years.
In: Finance
WH Corporation issued bonds on January 1, 2004. The bonds have a coupon rate of 8.0%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2024. What is the yield to maturity for an SWH Corporation bond on January 1, 2018 if the market price of the bond on that date is $986?
In: Finance
SPSS
How do you run a regression to analyze estimate staring salary based on academic performance (GMAT score and GPA), gender, and years of work experience. How do you determine if each of the individual variables have a significant relationship with starting salaries?
In: Statistics and Probability