Researchers from the university of Kent, UK, were interested in whether collectivist or individualist attitudes are related to one’s intent to comply with social distancing and safety guidelines during COVID-19. Participants were classified as either collectivist or individualist, and rated their intent to comply with guidelines on a scale from 1-5, where 1 is definitely not and 5 is definitely yes. Please conduct an independent-groups t test to determine if there is a significant difference in intention to comply between individualists and collectivists.

In addition, please:
- report cohen’s d
- report r^2
- conduct and interpret an F-MAX test
- include 95% confidence intervals
- report your answer in words that directly address the research question

Collective

x f

3 2

4 6

5 12

Individual

x f

1 1

2 3

3 11

4 13

5 2

A UK based asset management group has an insurance subsidiary and a small banking subsidiary.

The group’s banking subsidiary is planning to roll out a new online retail banking services. This service will allow the customer to view in one place all the customer’s bank accounts (both with the bank and with competitors) alongside any cryptocurrency holdings he or she has across various cryptocurrency platforms and any loans or mortgages the customer has taken out from a range of sources. The service will make it easy for customers to switch between product providers for all the financial products mentioned earlier in this paragraph. In addition, the group plans to make it easy for customers to set up regular transfers into and out of the group’s collective investment funds from or to any of the bank accounts the customer chooses to include in the service. There are no current plans to include any other asset managers’ collective investment funds within the service.

Q: Assess the risks and opportunities that such a business expansion might introduce to the group.

Researchers from the University of Kent, UK, were interested in whether collectivist or individualist attitudes are related to one’s intent to comply with social distancing and safety guidelines during COVID-19. Participants were classified as either collectivist or individualist and rated their intent to comply with guidelines on a scale from 1-5, where 1 is definitely not and 5 is definitely yes. Please conduct an independent-groups t-test to determine if there is a significant difference in intention to comply between individualists and collectivists.

In addition, please:
- report cohen’s d
- report r^2
- conduct and interpret an F-MAX test
- include 95% confidence intervals
- report your answer in words that directly address the research question
- and show all work in step by step detail.

Collective

x f

3 2

4 6

5 12

Individual

x f

1 1

2 3

3 11

4 13

5 2

Dale plc is a UK company which has the Pound Sterling as its functional currency. The company has the following transactions in Euros during the year to 31 December 2010 – the financial years is from 1 January-31 December

1 October 2010- Inventory costing 50,000 Euros purchased on credit from Y

1 November 2010- Equipment costing 200,000 Euros purchased on credit from X and signed a note payable

30 November 2010-Paid Y 30,000 Euros on account for the inventory bought on 1 October

15 December 2010- Paid X 150,000 Euros for the equipment purchased on 1 November.

Exchange rates may be assumed as follows:

1 October 2010- 1 Pound= 3.0 Euro

1 November 2010- 1 Pound = 2.80 Euro

30 November 2010- 1 Pound= 2.50 Euro

15 December 2010- 1 Pound= 2.40 Euro

31 December 2010- 1 Pound = 2.20 Euro

Required:

1. Record the journal entries for the transactions above
2. Record the entries at the reporting date 31 December 2010

Based on the entries above also, find

1. The exchange/gain loss recognized in the books of Dale on 30 November 2010
2. The exchange/gain loss recognized in the books of Dale on 15 December 2010
3. The exchange gain/loss on retranslating the monetary liability Accounts Payable for Y on the reporting date of 31 December 2010
4. The exchange gain/loss on retranslating the monetary liability Note Payable for X on the reporting date of 31 December 2010
5. The exchange gain/loss on retranslating all the monetary items on the reporting date of 31 December 2010
6. The Total exchange gain/loss that is reported in the income statement of Dale Plc Company for year ended 31 December 2010

Business Ethics UK Law

Kanye is employed as a salesperson for a large electronics retailer. He often discusses with fellow employees how he considers it his responsibility as a salesperson to sell as much as possible. The company currently sells both videotapes and videotape players. After a recent meeting, Kanye has learned that after Christmas the store will no longer be stocking these items because of a switch to DVD technology. The sales staff is told to sell as much of the older video technology as possible before the store discontinues it. One afternoon, before Christmas, a customer approaches Kanye and asks whether he should buy a videotape player now, mentioning that he wants to build a large collections of films. How should Kanye reply to this customer? Also, if the customer was Kanye’s very poor friend, then is the same normative decision applicable?

The annualized risk-free rate in the eurozone is 3% and the annualized UK risk-free rate is 5%. The spot quote is €1.20/£ while the one year forward quote is €1.25/£. You can borrow either €1,000,000 or £833,333.33. According to interest rate parity, is the forward quote correct? If not, what should it be? If the forward quote is not correct, how much money would you profit if you implemented the proper arbitrage?

Multiple Choice:

Forward rate should be €1.2643/£; arbitrage would net you €73,950

Forward rate should be €1.2643/£; arbitrage would net you €93,750

Forward rate should be €1.1771/£; arbitrage would net you €83,600

Forward rate should be €1.1771/£; arbitrage would net you €57,500

Forward rate should be €1.1771/£; arbitrage would net you €63,750

the annualized risk-free rate in the eurozone is 5% and the annualized UK risk-free rate is 3%. The spot quote is €1.18/£ while the one year forward quote is €1.25/£. You can borrow either €1,000,000 or £847,457.6.

According to interest rate parity, is the forward quote correct? If not, what should it be?

If the forward quote is not correct, how much money would you profit if you implemented the proper arbitrage?

Multiple Choice

• Forward rate should be €1.2643/£; arbitrage would net you €110,513

• Forward rate should be €1.2643/£; arbitrage would net you €93,786

• Forward rate should be €1.2029/£; arbitrage would net you €41,102

• Forward rate should be €1.2029/£; arbitrage would net you €45,721

• Forward rate should be €1.2029/£; arbitrage would net you €51,354

Short answer response.

Toys "R" Us stores are closing nationwide in the US and the UK after the major industry retailer declared bankruptcy a couple weeks ago.

Please discuss this subject and tie in knowledge pertaining to any of the content covered in class (Intermediate Accounting 2). Please try and keep the answer relative to the field of accounting.

Topics covered in class so far: Earnings per share, Investments, Stockholders equity, Current liabilities and contingencies, Long-term liabilities, Accounting for leases, Dilutive securities, Accounting for income taxes, Accounting for pensions

IMPORTANT - You don't have to provide an answer for each topic, just relate how one or two of these topics significantly relate to the current event.

Prezzo plc runs a chain of restaurants in the UK that serve mainly Italian style food including pizza, pasta, and grilled dishes as well as a few Chimichanga Mexican restaurants. During 2012, the number of restaurants in the group increased from 184 to 210. Prezzo shares are listed on AIM, which is a stock market for smaller growing companies. Extracts from Prezzo’s annual report 2012, including financial statements for the year to 30 December 2012 and extracts from the director’s report, are given:

Table FA.1

Table FA.2

Table FA.3

Required:

a) Using extracts from the Annual Report, compute the following profitability ratios for Prezzo plc for 2012 and 2011 and interpret your findings, giving a possible reason for any observed changes in each ratios:

• return on capital employed

• operating profit margin

• use of assets

• gross profit margin

Identify one other profitability ratio that might enable you to gain a better understanding of the company's profitability. Compute that ratio for both years and discuss your findings.

b) Use ratios to assess the liquidity of the company at both year-ends and explain what has caused the movement in the ratios between the two year-ends.

c) Use the company’s statement of cash flows to discuss what has happened to the company’s cash position during 2012.

d) Complete the following table of share information and investment ratios:

Table FA.4

Interpret the investment ratios, explaining what they reveal to shareholders about the return their shares have generated.

e) Describe two other sources of information that might have enabled you to give a fuller interpretation of the company’s performance and financial position and explain how that information could have been used.