QUESTION 1

1. The main issue in accounting for foreign currency transactions is:

   		how to distinguish between denomination currency or settlement currency.
   		how to translate the financial statements of a foreign operation.
   		how to treat any foreign exchange differences that arise when assets or liabilities are remeasured at the end of the reporting period using the closing rate.
   		how to record transactions with foreign operations.

0.1 points   

QUESTION 2

1. For a company that has an Australian A$ as its functional currency, which of the following is not a foreign currency transaction?

   		goods sold at prices denominated in UK pounds.
   		inventory sold to a customer in Hong Kong who pays in A$.
   		borrowing funds where amounts are payable in NZ$.
   		equipment sold at prices denominated in Japanese Yen.

0.1 points   

QUESTION 3

1. In determining an entity's functional currency, factors to be considered include which of the following?

   		The currency in which receipts from operating activities are usually retained.
   		The currency that mainly influences sales prices for goods and services.
   		The currency of the country whose competitive forces and regulations mainly determine the sales price of its goods and services.
   		All of the above.

0.1 points   

QUESTION 4

1. Which exchange rate is used at the end of the reporting period?

   		The closing rate.
   		The indirect rate.
   		The spot rate.
   		The ending rate.

0.1 points   

QUESTION 5

1. A realised exchange difference arises:

   		on remeasurement of a monetary liability at the end of the reporting period.
   		when the exchange rate changes between initial recognition and cash settlement.
   		on initial recognition of a monetary asset.
   		when the exchange rate changes between initial recognition and end of reporting period.

0.1 points   

QUESTION 6

1. At the date of the transaction, a foreign currency monetary item is initially recognised and measured using:

   		The closing rate.
   		US dollars.
   		The foreign currency monetary value.
   		Spot exchange rate.

0.1 points   

QUESTION 7

1. All of the following assets can be defined as ‘qualifying assets’ except:

   		manufacturing plants.
   		power generation facilities.
   		investment properties.
   		inventories purchased ready for sale.

0.1 points   

QUESTION 8

1. Which of the following statements is incorrect?

   		Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of funds.
   		Financial assets and inventories that are manufactured or otherwise produced over a short period of time, and assets that are ready for their intended use or sale when acquired, are qualifying assets.
   		Financial assets and inventories that are manufactured or otherwise produced over a short period of time, and assets that are ready for their intended use or sale when acquired, are not qualifying assets.
   		A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.

0.1 points   

QUESTION 9

1. If an Australian (A$) company enters a forward exchange contract to buy US$20,000, then which of the following applies?

   		The company’s contractual obligation (at the forward rate) and contractual right (at the spot rate) are settled on a net basis.
   		The company has a contractual right to receive US$20,000 at the settlement date and that right is an asset fixed in A$ at the forward rate.
   		The company has a contractual obligation to deliver foreign currency at the settlement date and that obligation is realised at the spot rate.
   		The company’s forward contract will act as a hedge against a recognised asset.

0.1 points   

QUESTION 10

1. AASB121/ IAS 21 The Effects of Changes in Foreign Exchange Rates requires that the financial report disclose which of the following?

   		The net exchange differences recognised in OCI and accumulated in a separate component of equity.
   		The amount of exchange differences recognised in the profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss.
   		Any change in functional currency and reason for change.
   		All of the above.

Teenagers who spend an extra hour a day surfing the internet, watching TV or playing computer games risk performing two grades worse in quiz than their peers who don’t, according to research by British scientists.

In a study of more than 800 students aged 14 and 15, researchers from Cambridge University also found that physical activity had no effect on academic performance.

Since this was a prospective study, in which the researchers followed the pupils over time to see how different behaviors affected performance, the scientists said it was reasonable to conclude that too much screen time reduced academic achievement.

“We only measured this.. in Year 10, but this is likely to be a reliable snapshot of participants’ usual behavior, so we can reasonably suggest that screen time may be damaging to a teenager’s grades,” said Kirsten Corder of Cambridge’s Center for Diet and Activity Research, who co-led the work.

The study, published in the International Journal of Behavioral Nutrition and Physical Activity, found the average amount of screen time per day was four hours.

An extra hour in front of the TV or online at age 14-and-a-half was linked with 9.3 fewer quiz points at age 16 — equivalent to two grades, for example from a B to a D. Two extra hours was linked to 18 fewer points.

Unsurprisingly, the results also showed that pupils doing an extra hour of daily homework and reading scored better - getting on average 23.1 more points than their peers.

The scientists said further research was needed to confirm the effect conclusively, but advised parents worried about their children’s grades to consider limiting screen time.

In a breakdown analysis of different screen activities, the researchers found that TV came out as the most detrimental in terms of quiz performance.

1. Summarize main points.

2. Verify article’s interpretation of results to pinpoint any problems, which resulted in incorrect conclusions or application.

3. State your interpretation of the study.

A)      How do current psychologists’ views differ from Piaget’s views of adolescent cognitive development? a) Current psychologists disagree with Piaget’s theoretical belief that adolescents construct their own knowledge     b) Current psychologists do not believe in the development of metacognitive skills during adolescence   c) Current psychologist disagree with Piaget’s theoretical belief that many adolescents develop executive functions that are lost during adulthood    d) Current psychologist do not believe in the emergence of a discrete new cognitive structure at adolescence

B)      Oksana is a seventeen-year old girl with limited English proficiency (LEP). We can predict Oksana will: a) Have delayed cognitive and identity development   b) Use less digitalk than other adolescents   c) Have lower school achievement and a harder time finding a job   d) Not benefit from native-language maintenance instruction

C)      Many studies have been conducted to determine the effects of computer usage on learning. Does computer use support academic learning?          a) Using computer tutorial programs appears to improve achievement test scores for K-12 students    b) Simulations appear to result in the greatest increases in achievement test scores for K-12 students    c) Enrichment programs appear to yield the greatest in academic development for K-12 students d) Using technology-rich learning environments (TRE’s) appear to improve achievement test scores for K-12 students

D)     Ms. Leverett has adopted a new approach for teaching students to develop persuasive arguments. She models the process, coaches students as they practice, pairs students to explain their thinking, receive feedback, and reflect on new learning. Then she assigns the complex topics for debate. Her process demonstrates one application of Vygotsky’s principles. It is an example of:   a) eciprocal teaching    b) A cognitive apprenticeship    c) Sociocultural problem solving     d) Proximal development

Your Task

You will engage in a negotiation for the sale and purchase of a commercial asset such as a business or a piece of real estate.

Assessment Description

You may be nominated to represent the vendor and will receive email instructions from the vendor company CEO including:

1. Appointment to represent the company as their agent for the sale of the commercial asset;

2. Specific details about the commercial asset;

3. Information about the status of current negotiations with an alternative potential purchaser;

4. Information about a new potential purchaser;

5. Contact details of the agent appointed to represent the purchaser.

Alternatively, you may be nominated to represent the purchaser and will receive email instructions from the purchaser company CEO including:

1. Appointment to represent the company as their agent for the purchase of the commercial asset;

2. Specific details about the commercial asset;

3. Information about alternative assets the company is considering purchasing instead;

4. Information about the vendor;

5. Contact details of the agent appointed to represent the vendor.

Stage 1: Pre-negotiation

1. What is your client’s BATNA? What is your client’s reservation value?

2. What is the other party’s BATNA? What is the other party’s reservation value?

3. What is the ZOPA range? What is your strategy for claiming the greater proportion of the ZOPA? Include at least fifteen academic references in your answers to the above questions with a minimum of five references coming from academic journals.

You must answer the following questions:

Stage 2: Negotiation You must:

1. Enter negotiations with your counterpart for the sale and purchase of the commercial asset;

2. Maintain a communications log that captures the date, method, items discussed, and outcomes of each communication. Attach copies of any communications that confirm agreed price

Stage 3: Post negotiation

You must prepare a 1 page letter to your client advising the outcome of the negotiation.

1. Indicate based on signs of enthalpy and entropy changes how temperature will affect spontaneity and/or calculate temperature at which spontaneity changes. (give example)

2. Explain how sign of ΔG, sign of E, and value of K indicate spontaneity from standard conditions.

Write a function named findIndex that takes an array of integers, the number of elements in the array, and two variables, such that it changes the value of the first to be the index of the smallest element in the array, and changes the value of the second to be the index of the largest element in the array.

Please complete this in C++, using pass by reference

Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States for the 10 year time frame of 1973-1983

Please write major ( 4) Physical changes, that occur in the human body in old age-related to the following systems in the first column, and write (4) health problems that occur as a result of physiological changes, (4) nursing interventions and (4) ways of evaluating them (4).

give an example of industry that has witnessed substantial changes in channels of distribution. What are the fundamental reasons such as consumer behavior, competition, or technology (or others) for this change? Of the fundamental reasons stated for the changes to channels of distribution, what do you see as being the most significant and why?

Technology has certainly changed the way health care is practiced. Show some of the technological changes you have seen in the last five years, including both information and clinical technologies, and discuss what ethical issues the changes have created in a healthcare setting.