For each of the following independent situations, you are in the planning phase of the audit and have come across with the following information:

1.   B&S is a merchandising company. The company has been doing business in Australia for the last 20 years. The accountant of B&S has been notorious for finding gaps in the legislations in order to make its clients’ financial statements look presentable as desired by the clients themselves. In the past few years, B&S has always been required by the Australian Tax Office to provide additional supporting information after the lodgement of its tax returns.

2.   Zen runs a chain of superstores in Australia. Zen is highly dependent on the IT system to run its transaction processes with the suppliers. Moreover, to save time, each of Zen’s individual stores can raise their own inventory requisition without any authorisation from the central purchase department.

3. Neptune manufactures generators for domestic users. Seven years ago Neptune manufactured a generator far superior to any of its competitors at half the price. It has therefore dominated the market over the past few years. However, recently one of Neptune’s main competitors introduced a new generator to the market. It can produce electricity at twice the amount of Neptune’s generator by spending same amount of fuel and hence is superior to Neptune’s generator. However, Neptune’s CEO is quite optimistic about the whole situation. He told you that a pricing strategy will soon be implemented to defeat the respective competitor with a lower price.

4. Thomson has planned to close an inefficient factory in country New South Wales before the end of current year. It is expected that the redeployment and disposal of the factory’s assets will not be completed until the end of the following year. However, the financial controller is confident that he will be able to determine reasonably accurate closure provisions.

5. To help achieve the budgeted sales for the year, Richardson is about to introduce bonuses for its sales staff. The bonuses will be an increasing percentage of the gross sales made, by each salesperson, above certain monthly targets.

Required:

For each of the scenarios above, explain how the components of audit risk (inherent, control or detection risk) are affected.

While in Duke for immersion, you stop by a Circle K convenience store to get gas and a drink. While you’re at the counter you realize you have an extra $5 in your pocket, and decide to buy a North Carolina scratch-off lottery ticket. With your last penny, you scratch off the boxes -- and BAM! -- You win $1,000,000!! Whoop Whoop! After taking out 40% in federal and state taxes, the lottery commission offers you two choices:

1) 10 equal annual installments, with the first one starting today or

2) a lump sum of cash today

a)    If your cost of capital (required rate of return) is 5%, what’s the minimum lump sum you’d be willing to accept (i.e. an equivalent value between the two alternatives)?

b) List two (2) other considerations that might influence your decision about which alternative to take?

2. (i) Your stockbroker told you about buying stocks on margin last year. You were NOT sure if it is a good investment decision to buy stocks on borrowed funds at the time. You decided to give using margin a try anyway. Your stockbroker bought 100 shares of ABC Corp. on margin for $65 a share. The margin requirement was 60 percent with an interest rate of 6.5 percent on borrowed funds, and commissions on the purchase and sale were 2%. One year after you invested in the stock ABC corp. paid annual dividend of $2 a share and the price of the stock rose to $110 in one year. (12 points)

​

a. What is the percentage earned on the investment if the stock is bought for cash (i.e., the investor did not use margin)?

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b. What is the percentage earned on the investment if the stock is bought on margin?

2 (ii). An investor sells 100 shares short at $22. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. (8 points)

1. If the investor closes the position at $30, what was the percentage earned or lost on the investment?

2. If the position had been closed when the price of the stock was $17, what would have been the percent earned or lost on the position?

What is the return of a market capitalization weighted and evenly weighted index of two stocks with market prices of $30 and $50 that increase to $40 and $60 where the market capitalizations of each is $4 billion and $6 billion respectively at the beginning of the period?

Please show work.

Sales Territory and Salesperson Profitability Analysis

Havasu Off-Road Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are two salespersons assigned to each territory. Higher commission rates go to the most experienced salespersons. The following sales statistics are available for each salesperson:

a. 1. Prepare a contribution margin by salesperson report. Compute the contribution margin ratio for each salesperson.

. 1. Prepare a contribution margin by territory report. Compute the contribution margin for each territory as a percent, rounded to one decimal place.

The Southwest Region has $_____???____ more sales and $____???_____ more contribution margin. In the Southwest Region, the salesperson with the highest sales unit volume, has the highest  contribution margin ratio. The Southwest Region has the highest  performance, even though it also has the salesperson with the lowest  contribution margin ratio. The Northeast Region contribution margin is less  than the Southwest Region because of the outstanding performance of Paul .

Iconic memory is a type of memory that holds visual information for about half a second (0.5 seconds). To demonstrate this type of memory, participants were shown three rows of four letters for 50 milliseconds. They were then asked to recall as many letters as possible, with a 0-, 0.5-, or 1.0-second delay before responding. Researchers hypothesized that longer delays would result in poorer recall. The number of letters correctly recalled is given in the table.

(a) Complete the F-table. (Round your values for MS and F to two decimal places.)

(b) Compute Tukey's HSD post hoc test and interpret the results. (Assume alpha equal to 0.05. Round your answer to two decimal places.)

The critical value is  for each pairwise comparison.

It sells to two types of consumers: medical (type 1) and academic type 2). The lab equipment manufacturer identifies the following demands for its two differentiated consumers:

P1= 500 - Q1

P2= 300-Q2

The marginal cost to produce and sell the equipment is $50 regardless of the consumer. Assume that the equipment company can identify each type of consumer before the point of scale.

a. What would be the optimal two-part pricing strategy for each type of consumer?

b. Which yields a higher profit - the two-part strategy or a third-degree from last week's homework? What explains the difference?

c.

40 random college students were asked about their gender, age, height, weight, and ethnicity. The results were listed in the table below.

GENDER AGE HEIGHT (cm) WEIGHT (lb) ETHNICITY 1 M 18 165 175 Japanese 2 M 24 188 180 Chinese 3 M 19 190 200 Caucasian 4 M 19 192 200 Caucasian 5 M 18 175 160 Mixed 6 F 18 152 112 Japanese 7 F 18 152 120 Filipino 8 F 20 180 180 Mixed 9 F 21 172 190 Mixed 10 F 19 165 140 Filipino 11 F 20 160 140 Filipino 12 F 21 160 150 Caucasian 13 F 20 160 130 Caucasian 14 F 32 154 125 Japanese 15 F 44 128 90 Filipino 16 M 26 200 230 Mixed 17 M 20 190 180 Mixed 18 M 20 194 180 Chinese 19 M 19 180 195 Mixed 20 M 18 152 150 Caucasian 21 F 18 146 110 Japanese 22 F 19 150 125 Japanese 23 F 23 160 140 Mixed 24 F 20 154 135 Chinese 25 F 21 154 130 Japanese 26 F 20 172 175 Mixed 27 F 18 166 125 Chinese 28 F 19 168 130 Others 29 F 18 170 150 Others 30 F 19 156 160 Filipino 31 M 23 170 180 Mixed32 M 23 160 165 Japanese 33 M 23 168 150 Mixed 34 M 18 168 170 Mixed35 M 19 165 190 Filipino 36 M 21 162 165 Filipino 37 M 21 176 175 Caucasian 38 M 20 172 175 Caucasian 39 M 22 165 200 Mixed 40 M 18 165 150 Caucasian

1. Construct the frequency table for the height of male students using 5 number of classes.

2. Construct the frequency histogram for the height of male students and estimate the shape,

center, and variability of the distribution.

. Construct the OGIVE (Cumulative Frequency Polygon) for the height of male students and

indicate on the graph the position of the quartiles (Q1, Q2, Q3).

4. Construct the frequency table for the height of female students using 5 number of classes. 5. Construct the frequency histogram for the height of female students and estimate the shape,

center, and variability of the distribution. 6. Construct the OGIVE (Cumulative Frequency Polygon) for the height of female students and

indicate on the graph the position of the quartiles (Q1, Q2, Q3).

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:

Total fixed costs are $340,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

Multiple Choice

• $24.00.

• $ 8.00.

• $26.00.

• $50.00.

• $34.00.

  A company manufactures and sells a product for $50 per unit. The company's fixed costs are $168,000, and its variable costs are $15 per unit. The company's break-even point in sales dollars is: (Round your intermediate calculations to two decimal places.)

  Multiple Choice

• $230,500.

• $168,000.

• $4,800.

• $240,000.

• $183,500.
  

  A firm sells two products, Regular and Ultra. For every unit of Regular sold, two units of Ultra are sold. The firm's total fixed costs are $1,536,000. Selling prices and cost information for both products follow. What is the firm's break-even point in units of Regular and Ultra?
  

  Product	Unit Sales Price					Variable Cost Per Unit
  Regular		$	22				$	8
  Ultra			25					8

  Multiple Choice

• 32,000 Regular units and 32,000 Ultra units.

• 32,000 Regular units and 64,000 Ultra units.

• 10,667 Regular units and 21,333 Ultra units.

• 37,333 Regular units and 74,667 Ultra units.

• 64,000 Regular units and 32,000 Ultra units.

• In Lab 4, you made a class with static methods.
• The static methods converted an integer in binary, Hex, and Octal.
• To do this, you made a class of static methods.
• The class did not have any fields. The static methods received the integer value as a parameter.

• For this lab, make all of the static methods, non-static methods.

Lab 5 Requirements

1. Create a class named “Lab5_IntConv_Class
2. Have one private field name intValue.
3. Add two constructors:
   1. One is a default contructor.
   2. The other constructor accepts an integer.
4. Make the 4 methods non-static.
5. Add 2 more methods called setInteger() and getInteger().
6. When one of the 4 methods are called they are to use the field intValue as the value to convert.
7. These four methods will still return the answer, to the caller.
8. Use the two supplied java files from the last assignment. Or the two java files your created from the ones given.

Submit the main() java file and the java file that has the class.

Static method code so far from Lab 4

1 import java.util.*;
2 import java.util.Scanner;
3 class Lab4_IntConv
4 {
5
6 public static String Conv_SignedInt2Binary (int intValue) // convert signed integer to binary
7 {
8
9 return Integer.toBinaryString(intValue);
10 }
11
12
13 public static String Conv_UnsignedInt2Binary (int intValue) // convert unsigned integer to binary
14 {
15 String test = "";
16 intValue=Math.abs(intValue);
17 while (intValue > 0)
18 {
19 test = ( (intValue & 1 ) == 0 ? '0' : '1') +test;
20 intValue = intValue>>1;
21 }
22 return test;
23 }
24
25 public static String Conv_unsignedInt2Hex(int intValue) // convert unsigned integer to Hexadecimal
26 {
27 intValue=Math.abs(intValue);// convert signed integer to unsigned integer
28 return Integer.toHexString(intValue);
29 }
30
31
32 public static String Conv_UnsignedInt2Octal(int intValue) // convert signed integer to Octal
33 {
34 intValue=Math.abs(intValue); // convert signed integer to unsigned integer
35 return Integer.toOctalString(intValue);
36 }
37
38 }

Main method so far from lab 4

1 import java.util.*;
2 import java.util.Scanner;
3
4 public class Lab4_IntConv_Main
5 {
6
7
8 public static void main (String[] args)
9 {
10
11 int i, item = 0;
12 int intValue;
13
14 Scanner kb = new Scanner(System.in); //Scanner method is used to connect keyboard
15 final int EXIT_OPTION = 5;
16 do
17 {
18
19 System.out.println( "1. Convert Integer (signed) to Binary.\n2. Convert Integer (unsigned) to Binary \n3. Convert Integer (unsigned) to Hexadecimal.\n4. Convert Integer (unsigned) to Octal.\n5. Exit Program.\n");
20 item = kb.nextInt();//get option from user
21
22
23 if ((item < 1) || (item > EXIT_OPTION))
24 System.out.println("Selection"+item+" is not a vald option.\n\n");
25
26 else
27 {
28
29 switch (item)
30 {
31 case 1: System.out.println("Enter the integer value, to convert: ");
32 intValue = kb.nextInt();
33 System.out.println("Binary Value="+Lab4_IntConv.Conv_SignedInt2Binary(intValue)); //call the method signed integer to binary
34 break;
35 case 2: System.out.println("Enter the integer value, to convert: ");
36 intValue = kb.nextInt();
37 System.out.println("Binary Value="+Lab4_IntConv.Conv_UnsignedInt2Binary(intValue)); //call the method unsigned integer to binary
38 break;
39 case 3: System.out.println("Enter the integer value, to convert: ");
40 intValue = kb.nextInt();
41 System.out.println("Hexa Value="+Lab4_IntConv.Conv_unsignedInt2Hex(intValue)); //call the method unsigned integer to Hexadecimal
42 break;
43 case 4: System.out.println("Enter the integer value, to convert: ");
44 intValue = kb.nextInt();
45 System.out.println("Octal Value="+Lab4_IntConv.Conv_UnsignedInt2Octal(intValue)); //call the method unsigned integer to Octal
46 break;
47 case 5: System.out.println ("\n\t----- Goodbye -----\n");
48 System.exit(0); //exit from the program
49 }
50 }
51 }while (item != EXIT_OPTION); // do-while
52 }
53 }

If anyone could help me with these codes with the instructions given above that would be great!