3. What is the relationship between cash flows from operations and Income for the year of the statement?

4. Explain the difference between the direct method and the indirect method of disclosing cash flows from operations.

5. Do you believe that cash inflows and outflows associated with nonoperating items such as interest expense, interest revenue, and dividend revenue, should be separated from operating cash flows? Explain.

Supermarket customers load their carts with goods totaling between $5 and $200, uniformly (and continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other. At checkout, 63% of customers have loyalty card that gives them 4% off their raw order amount. Also at checkout, 18% of customers have coupons that give them 7% off their raw order amount. These two discounts occur independently of each other, and a given customer could have one or the other of them, both of them, or neither of them, to get to their net order amount (what they actually pay). Construct a spreadsheet simulation to simulate 100 customers and collect statistics on the net order amount; these statistics should include the average, standard deviation, minimum, maximum, and a histogram to describe the distribution of the net order amounts between $0 and $250. To make the requested histogram, you can either mimic what was done in the newsvendor spreadsheet simulation, or use a different approach via whatever built in excel facilities you'd like. Excel sheet with formulas would be best thanks.

QUESTION 1
Your organization has started experiencing low sales amid the Covid-19 pandemic. The management has decided to carry out an Action Research to beef up the sales and enhance the overall performance of the organization. As a Research Officer of the organization, outline and briefly discuss most suitable elements of an Action Research proposal for management consideration.

QUESTION 2
Case Study
The case below relates to an MBA Accounting & Finance student, Eli, at UPSA, who was interested in the applicability of organizational citizenship behaviour theory to Ghanaian workers. The title of the research is: The applicability of organizational citizenship behaviour theory to a Ghanaian organisation.

Background
The early definition of organisational citizenship behaviour (OCB) viewed this as discretionary behaviours by employees that were not recognised through the reward system (Organ 1988; Organ et al. 2006). Partly because such behaviours could subsequently be recognised through reward, OCB was redefined as ‘performance that supports the social and psychological environment’ within which work occurs (Organ 1997: 95). It has been adopted by researchers such as Bolino et al. (2002) to indicate situations where employees work beyond contractual requirements to support one another, to subordinate individual interests to organizational ones and to demonstrate organisational commitment. In this way OCBs may contribute to organisational performance and potentially offer a source of competitive advantage. Podsakoff et al. (2009) report finding over 650 published articles on OCB, mainly examining the categories of behaviour that make up OCB (its dimensions), what causes employees to engage in these behaviours (the determinants or antecedents of OCB) and how OCB is related to these other variables. An early, influential study to identify its dimensions used interviews with managers in a manufacturing company to ‘identify instances of helpful, but not absolutely required job behaviour’ to help to define OCB (Smith et al. 1983). This and other early studies led to the identification of five categories of OCBs (Organ 1988). These were labelled as altruism (helping a co-worker with a workplace task); civic virtue (participating in the organisation); conscientiousness (working beyond the minimum requirements for the job); courtesy (considering how one’s own behaviour might affect others and acting to facilitate harmony); and sportsmanship (not complaining even in less than ideal situations) (e.g. Organ 1988). Further research led to new dimensions of OCB being proposed (Organ et al. 2006), although these five original categories have remained the most commonly tested.

However, continuing to use some of these dimensions of OCB and the measurement scales associated with them (Organ 1988; Podsakoff et al. 1990) has been questioned for two important reasons. Firstly, the nature of work has changed since the 1980s and 1990s. Manufacturing and manual work is now less important in many economies while knowledge work is much more important. Based on research, Dekas et al. (2013) developed an OCB scale for knowledge workers that reflects the nature of knowledge-based work, such as working flexibly and taking personal initiative. This new scale overlaps with some earlier OCB dimensions but replaces or eliminates outdated items related to willingly obeying rules or regimented working practices.

Secondly, questions have been asked about the transferability of OCB scales to other cultures.
OCB studies may apply only to the cultural context within which they are conducted (Choi, 2009). The applicability of OCB to other cultural settings therefore requires further research. Hui et al. (2004) examined the relationships between psychological contract constructs and OCBs in Ghana.
They adopted the OCB scale developed by Podsakoff et al. (1990) (see earlier) and, in part, found that that more research is required to understand how culture affects the applicability of OCB. Farh et al. (1997) examined the relationships between organisational justice theory and OCBs in Ghana, using a Ghanaian OCB scale they developed. They found that the relationships between organisational justice and OCB were moderated by cultural (attitudes about either modernity or tradition) and gender factors. Some behaviour of Ghanaian employees may be due to socialization or broader cultural norms and be more personally focused than organizationally related (Farh et al. 1997; Hui et al. 2004). This raises questions about the applicability of OCB in Ghana and whether organisational justice and psychology contract constructs may be determinants or antecedents of OCB. In addition, Hui et al. (2004) point out that organisational type may affect OCB; for example, they cite research saying that Ghanaian employees may prefer working for a foreign-owned company rather than a state-owned enterprise.

Research question and research objectives
The research question is:
To what extent are organisational citizenship behaviour, organisational justice and psychological contract theories applicable to Ghanaian organisations and why?
The research objectives are:
1) To identify suitable measurement scales for each theory, to use in the case study of Ghanaian organisation.
2) To examine the relationship in the case study organisation between findings from the organisational justice scale and findings from the organisational citizenship behaviour scale.
3) To examine the relationship in the case study organisation between findings from the psychological contract scale and findings from the organisational citizenship behaviour scale.
4) To examine the relationship between findings in the case study organisation from the organisational citizenship behaviour scale and findings in other national contexts from organisational citizenship behaviour research.
5) To draw conclusions from the relationships observed in objectives 2, 3 and 4, to evaluate the applicability of these concepts in a Ghanaian organisation.

Method
Research design
This research is designed to test the applicability of these theories in a case study, Ghanaian organisation. The research will use a survey strategy incorporating existing scales from peer-reviewed, high-quality academic journals. The research will be cross-sectional in nature.
Participants
The intended participants in this study work for [company name] in Ghana. Its management have agreed to grant me access to a representative sample of employees drawn from the different grades and occupations and between males and females employed within the organisation [email attached]. Eli is currently in correspondence with the manager of the human resource department to finalise a stratified random sample to represent the characteristics of the organisation’s workforce. It is envisaged that the sample size will be 200 employees.

Techniques
The scales for organisational citizenship behaviour, organisational justice and the psychological contract will be incorporated into a questionnaire that will also collect data about respondents’ demographic characteristics. This questionnaire will be administered in Ghana. It will be checked for accuracy of translation and pilot tested by some of my fellow students. Amendments will be made where necessary. It will then be administered in paper form. The data will be analysed quantitatively using IBM SPSS Statistics. A range of statistical techniques will be used to analyse these data and the results from these will be used to identify relationships between the concepts identified in the research objectives and to allow comparison with previously published research.
Ethical considerations and procedures
Eli will compose a letter to be sent to members of the sample that informs them about who I am and the purpose of my research project, and to assure them that their responses to each of the questionnaire items will be seen and used only by Eli. Respondents will not be asked for their name on the questionnaire. The questionnaire will ask for only limited personal data about each participant [for example, whether they are male or female as previous research has found this to be a significant factor in the applicability of organisational justice and organizational citizenship behaviours in a Ghanaian context (Farh et al. 1997)].
Completed questionnaires will be posted into a sealed container that will be returned to Eli to ensure respondent confidentiality and the anonymity of the data that they provide. These questionnaires will be given an anonymous code and the data they contain entered into a spreadsheet by Eli. Once I have input the data and it has been checked carefully to ensure accuracy the questionnaires will be shredded by Eli. Ensuring confidentiality and anonymity should mean that no harm should result from participating in this research. Part of my covering letter will state that participation is entirely voluntary and if an intended participant does not wish to take part, they are not under any obligation to do so. Another matching employee will be sent a copy of my letter and asked if they would like to receive a copy of my questionnaire. If he or she is willing to complete the questionnaire, he or she will be informed to post it personally into the sealed container.

Resources
I will be responsible for producing and copying the questionnaire. I will pay for the cost of posting these to Ghana. I also have access to IBM SPSS Statistics and am competent in the analytical techniques required to analyse the data and interpret this analysis. The company has kindly agreed to pay the costs of returning the completed questionnaires to Eli. Once I have received these questionnaires I will be responsible for inputting the data into the software to analyse it. There should not be any other resource requirements in order to be able to undertake this research project.
Required:
a) Using the information in the ‘Background’ section of the proposal, what concerns may be raised about the proposed ‘Research design’, ‘Title’, ‘Research question and research objectives’?
b) What further information would be helpful to know in the ‘Participants’ section?
c) Based on the concerns raised in questions 1 and 2, suggest appropriate ‘Title’, ‘Research question and research objectives’ and the ‘Research design’?

Based on historical data, your manager believes that 44% of the company's orders come from first-time customers. A random sample of 59 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.33 and 0.49?

(Enter your answer as a number accurate to 4 decimal places.)

You may need to use the appropriate technology to answer this question.

Consider the following data on price ($) and the overall score for six stereo headphones tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest).

(a)

The estimated regression equation for this data is

ŷ = 22.328 + 0.317x,

where x = price ($) and y = overall score. Does the t test indicate a significant relationship between price and the overall score? Use α = 0.05.

State the null and alternative hypotheses.

H₀: β₁ = 0
H_a: β₁ ≠ 0H₀: β₁ ≥ 0
H_a: β₁ < 0    H₀: β₀ ≠ 0
H_a: β₀ = 0H₀: β₀ = 0
H_a: β₀ ≠ 0H₀: β₁ ≠ 0
H_a: β₁ = 0

Find the value of the test statistic. (Round your answer to three decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

What is your conclusion?

Do not reject H₀. We conclude that the relationship between price ($) and overall score is significant.Reject H₀. We conclude that the relationship between price ($) and overall score is significant.     Do not reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.Reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.

(b)

Test for a significant relationship using the F test. Use α = 0.05.

State the null and alternative hypotheses.

H₀: β₁ = 0
H_a: β₁ ≠ 0H₀: β₁ ≠ 0
H_a: β₁ = 0    H₀: β₁ ≥ 0
H_a: β₁ < 0H₀: β₀ ≠ 0
H_a: β₀ = 0H₀: β₀ = 0
H_a: β₀ ≠ 0

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to three decimal places.)

p-value =

What is your conclusion?

Do not reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.Do not reject H₀. We conclude that the relationship between price ($) and overall score is significant.    Reject H₀. We conclude that the relationship between price ($) and overall score is significant.Reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.

(c)

Show the ANOVA table for these data. (Round your p-value to three decimal places and all other values to two decimal places.)

you may need to use the appropriate technology to answer this question.

Consider the following data on price ($) and the overall score for six stereo headphones tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest).

(a) The estimated regression equation for this data is  ŷ = 26.268 + 0.297x,  where x = price ($) and y = overall score. Does the t test indicate a significant relationship between price and the overall score? Use α = 0.05.

State the null and alternative hypotheses.

State the null and alternative hypotheses.

H₀: β₀ = 0
H_a: β₀ ≠ 0H₀: β₁ = 0
H_a: β₁ ≠ 0    H₀: β₁ ≥ 0
H_a: β₁ < 0H₀: β₁ ≠ 0
H_a: β₁ = 0H₀: β₀ ≠ 0
H_a: β₀ = 0

Find the value of the test statistic. (Round your answer to three decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

What is your conclusion?

Reject H₀. We conclude that the relationship between price ($) and overall score is significant.Reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.     Do not reject H₀. We conclude that the relationship between price ($) and overall score is significant.Do not reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.

(b)

Test for a significant relationship using the F test. Use α = 0.05.

State the null and alternative hypotheses.

H₀: β₀ ≠ 0
H_a: β₀ = 0H₀: β₀ = 0
H_a: β₀ ≠ 0    H₀: β₁ = 0
H_a: β₁ ≠ 0H₀: β₁ ≥ 0
H_a: β₁ < 0H₀: β₁ ≠ 0
H_a: β₁ = 0

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to three decimal places.)

p-value =

What is your conclusion?

A) Reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.

B) Do not reject H₀. We cannot conclude that the relationship between price ($) and overall score is significant.   

C) Do not reject H₀. We conclude that the relationship between price ($) and overall score is significant

D) Reject H₀. We conclude that the relationship between price ($) and overall score is significant.

(c)Show the ANOVA table for these data. (Round your p-value to three decimal places and all other values to two decimal places.)

Discuss whether it is important to differentiate between Revenue earned from an Exchange and Non-exchange transaction. Provide reasons for your answer.

Carefully draw the appropriate revenue and cost curves for a profit-maximizing monopolist, which is indifferent between producing and not producing in the short-run. Show the deadweight loss caused by the monopoly. In the long run, will the firm produce more or less? (8 points)

What is the primary difference between an in-state 4.2% YTM Revenue Municipal Bond, a 2.65% YTM U.S. T-Note, and a BB-Rated 6.72% YTM Corporate Debenture (assuming each has 8 years to maturity and Muni uses a tax-equivalent yield) in terms of tax treatment of coupon interest and default risk (how each is collateralized). Also, assume a marginal tax rate of 28%?