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In: Statistics and Probability
In: Economics
It is argued that culture (Wong, 2004) and non-compliance with IFRSs (Ali, 2005) are two major barriers to harmonize accounting standards globally.
(a) Briefly discuss the above statement in the Introduction section.
(b) Do you agree that culture can be a barrier to harmonize accounting standards throughout the world? Discuss with examples and provide your own comments.
(c) Do you think that the compliance with IFRS is essential to harmonize accounting standards globally? What are the reasons for noncompliance with IFRS? Discuss with examples.
(d) Do you think harmonization of accounting standards is possible? Justify your answer.
(e) Summarise the above questions (a-d) in the Conclusion section.
Answer in detail please. Thank you.
In: Accounting
The Sumatra-Andaman earthquake of December 26, 2004 with an undersea epicenter off the west coast of Sumatra, Indonesia, as reported in [1][2]. It triggered a series of devastating tsunamis that spread throughout the Indian Ocean killing approximately 230,000 people, including more than 168,000 in Indonesia and over 30,000 in Sri Lanka [2]. Sahana [2], a free and open source disaster management information system developed in Sri Lanka in the immediate aftermath of the Indian Ocean tsunami. Suppose that Sahana is addressing those recommendations and associated challenges from the Tsunami Evaluation Commission (TEC).
List out (4) factors when Sahana project did not maintenance software consistency and stability
In: Computer Science
The Sumatra-Andaman earthquake of December 26, 2004 with an undersea epicenter off the west coast of Sumatra, Indonesia, as reported in [1][2]. It triggered a series of devastating tsunamis that spread throughout the Indian Ocean killing approximately 230,000 people, including more than 168,000 in Indonesia and over 30,000 in Sri Lanka [2]. Sahana [2], a free and open source disaster management information system developed in Sri Lanka in the immediate aftermath of the Indian Ocean tsunami. Suppose that Sahana is addressing those recommendations and associated challenges from the Tsunami Evaluation Commission (TEC).
List out (4) factors of Sahana project security issue
In: Computer Science
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Williams-Santana, Inc., is a manufacturer of high-tech industrial parts that was started in 2004 by two talented engineers with little business training. In 2016, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2016 before any adjusting entries or closing entries were prepared. The income tax rate is 40% for all years. |
| a |
A five-year casualty insurance policy was purchased at the beginning of 2014 for $34,000. The full amount was debited to insurance expense at the time. |
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| b. |
Effective January 1, 2016, the company changed the salvage value used in calculating depreciation for its office building. The building cost $592,000 on December 29, 2005, and has been depreciated on a straightline basis assuming a useful life of 40 years and a salvage value of $100,000. Declining real estate values in the area indicate that the salvage value will be no more than $25,000. |
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| c. |
On December 31, 2015, merchandise inventory was overstated by $24,000 due to a mistake in the physical inventory count using the periodic inventory system. |
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| d. |
The company changed inventory cost methods to FIFO from LIFO at the end of 2016 for both financial statement and income tax purposes. The change will cause a $950,000 increase in the beginning inventory at January 1, 2017. |
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| e. |
At the end of 2015, the company failed to accrue $15,300 of sales commissions earned by employees during 2015. The expense was recorded when the commissions were paid in early 2016. |
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| f. |
At the beginning of 2014, the company purchased a machine at a cost of $700,000. Its useful life was estimated to be ten years with no salvage value. The machine has been depreciated by the double-declining balance method. Its book value on December 31, 2015, was $448,000. On January 1, 2016, the company changed to the straight-line method. |
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| g. |
Warranty expense is determined each year as 1% of sales. Actual payment experience of recent years indicates that 0.75% is a better indication of the actual cost. Management effects the change in 2016. Credit sales for 2016 are $3,800,000; in 2015 they were $3,500,000.
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In: Accounting
The Study of Instructional Improvement (SII; Hill, Rowan, and Ball, 2004) was carried out by researchers at the University of Michigan to study the math achievement scores of first- and third-grade students in randomly selected classrooms from a national U.S. sample of elementary schools.
Using the information above answer the following question using excel and show work.
1.
Format:
A data frame with 1190 observations on the following 12 variables.
a. sex
: Indicator variable (0 = boys, 1 = girls)
b. minority
: Indicator variable (0 = non-minority students, 1 = minority students)
c. mathkind
: Student math score in the spring of their kindergarten year
d. mathgain
: Student gain in math achievement score from the spring of kindergarten to the spring of first grade (the dependent variable)
e. ses
: Student socioeconomic status
f. yearsteach
: First grade teacher years of teaching experience
In: Computer Science
A bond issued on February 1, 2004 with face value of $47400 has semiannual coupons of 4.5%, and can be redeemed for par (face value) on February 1, 2021. What is the accrued interest and the market price (the “clean” price) of the bond on November 15, 2006, if the bond’s yield on that date is to be 6.5%? (use actual/actual for accrued interest).
please show steps and formula, Im really lost. I have tried multiple times, and dont understand where i went wrong.
In: Finance
Hurricane damage: In August and September 2005, Hurricanes Katrina and Rita caused extraordinary flooding in New Orleans, Louisiana. Many homes were severely damaged or destroyed, and of those that survived, many required extensive cleaning. It was thought that cleaning of flood–damaged homes might present a health hazard due to the large amounts of mold present in many of the homes. In a sample of 367 residents of Orleans Parish who had participated in cleaning of one or more homes, 81 had experienced symptoms of wheezing, and in a sample of 175 residents who had not participated in cleaning, 21 reported wheezing symptoms (numbers read from a graph). Can you conclude that there is a difference between the proportion of residents with wheezing symptoms who cleaned flood–damaged homes and those who did not participate in the cleaning?
Let p1 denote the proportion of residents with wheezing symptoms who had cleaned flood–damaged homes, and let p2 be the population proportion with wheezing symptoms who did not participate in the cleaning of flood–damaged homes. Use the α=0.01 level of significance and the critical value method.
a.) State H0 and H1
b.) Choose a significance level α and find the critical value.
c.) Compute the test statistic.
d.) Determine whether to reject H0.
e.) State a conclusion.
.
In: Statistics and Probability
Hurricane damage: In August and September 2005, Hurricanes Katrina and Rita caused extraordinary flooding in New Orleans, Louisiana. Many homes were severely damaged or destroyed, and of those that survived, many required extensive cleaning. It was thought that cleaning flood-damaged homes might present a health hazard due to the large amounts of mold present in many of the homes. In a sample of 360 residents of Orleans Parish who had participated in the cleaning of one or more homes, 67 had experienced symptoms of wheezing, and in a sample of 180 residents who had not participated in the cleaning, 40 reported wheezing symptoms (numbers read from a graph). Can you conclude that there is a difference between the proportion of residents with wheezing symptoms who cleaned flood-damaged homes and those who did not participate in the cleaning? Let p1 denote the proportion of residents with wheezing symptoms who had cleaned flood-damaged homes and p2 denote the proportion of residents with wheezing symptoms who had not cleaned flood-damanged homes. Use the =α0.05 level of significance and the P-value method with the TI-84 Plus calculator.
1. State the null and alternate hypotheses.
2. Compute the P-value
3. determine whether it rejects.
4. Was there enough evidence?
In: Statistics and Probability