#1 Parts

a). Identify and explain at least three factors that contribute to sprawl.
b). Identify and explain at least three strategies that are intended to counteract sprawl.
c). Identify and explain at least three different BMPs for low-impact development.

Question: Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countrie...

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Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countries I BRICS is an acronym for the association of the economies of Brazil, Russia, India, China and South Africa and BRIC is a similar acronym excluding South Africa. Mweleco FX Pty LTD, a foreign exchange trading company based in Johannesburg, has been contracted by a hypothetical Namibian Stock Exchange (NSE) to examine the historical relationship between the Rand(as a proxy for the Namibian Dollar- N$), currencies of the BRIC countries and the US Dollar from April 9, 2006 to March 27, 2011. Issues of interest to the NSE are: • The historical volatility (risk) between the currencies of the BRIC currencies, South African Rand and the US dollar during the period; Project Historical Relationship between South African Rand, US dollar and currencies of the BRIC Countries II • The relationship between BRICS currencies. You are required to provide a brief report (Minimum 4 pages and maximum 8 pages (including tables, figures, references etc.) to the NSE covering the following:

(a). A brief introduction of the study;

(b). Brief literature review on general issues around currency volatility (risk) and returns;

(c). Relationship(s) between the South African Rand, US Dollar and the sampled currencies of BRIC countries and whether the relationship(s) can be, predictably, explored;

(d). Brief discussion of the empirical findings from the study;

(e). Conclusion and some recommendations to the NSE.

.How does cellphone service compare between different cities? The data stored in CellService represents the rating of Verizon and AT&T in 22 different cities (Data extracted from “Best Phones and Services,” Consumer Reports, January 2012, p. 28, 37). Is there evidence of a difference in the mean cellphone service rating between Verizon and AT&T? (Use a 0.05 level of significance)

I WANT THE ANSWER IN EXCEL USING THE DATA ANALYSIS....DO NOT PROVIDE A HAND WRITTEN ANSWER...I'm trying to understand the functions in excel

1. An electrophysiologist is studying the electrical properties of an isolated squid neuron placed in normal extracellular fluid. She places a recording electrode inside the cell to record the potential difference across the membrane. She records a resting membrane potential of -70 mV.

1. Name three factors that contribute to this resting membrane potential and explain “how” they contribute to this negative value

Revenue Recognition for ABC Software Company under ASC 606

ABC COMPANY was stumped by U.S. accounting rules for revenue recognition and gave up trying to comply with them.  The Japanese giant recognized this would lead to the delisting of its ADR shares on NASDAQ.  ABC also said it would be able to file its 2006 annual report under U.S. GAAP and it couldn’t vouch for its financial statements since 2000.  ABC COMPANY said a restatement was not practicable because of the complexities.  ABC noted that its financial statements under Japanese GAAP are current and not affected by this announcement.  

Under accounting principles generally accepted in the United States of America, revenue recognition rules are complicated for software companies whose contracts combine the sale of software with maintenance service agreements.  Previously, a standard called SOP 97-2 for companies wishing to recognize the software-sales revenue up front must perform an analysis of such contracts that provides “vendor specific objective evidence” (VSOP) of consistent treatment of sales and service.  That analysis, which ABC COMPANY says it has been unable to complete, required before portions of revenue from a single contract can be broken out and recognized at different times.  ABC says it is unable to complete the VSOE analysis for its auditor in time to file the annual report for the year ending March 31, 2006 even though ABC had previously been warned by NASDAQ and received an extension.  

On June 17, 2008 the Securities and Exchange Commission instituted proceedings against ABC pursuant to the Securities and Exchange Act of 1934.  The resulting order revoked the U.S. registration of each class of ABC’s registered securities and ordered ABC to cease and desist from committing certain violations based on ABC’s failure to file annual reports and maintain sufficient internal controls, and failure to make and keep accurate books and records.  Following the revocation order ABC securities remain listed for trading, and actively trade, in Japan.  ABC's American Depositary Receipt Program was subsequently terminated as of March 31, 2010.  

Recently, new revenue recognition standards have been adopted in the USA.  ABC’s management would like your advice on whether it might be a good time to apply for the company to be listed on a US stock exchange by complying with revenue recognition requirements.

ABC has the following sources of income that should be evaluated.

1. Licensing of product.  Customers pay an upfront fee of $12,000 for 12 months to use ABC’s software.  Customers can access ABC’s software at any time during the period.  The contract term starts on July 1 and go through June 30.  ABC provides hosting and maintenance of the site.
2. Implementation . ABC software will provide training, project management, data conversion and process consulting to onboard new clients. Implementation services typically require full-time work for 3-months on average with a team of 3 providing hourly billing at a rate of $150 per hour.
3. Hardware sales.  ABC is a reseller of key components.  ABC has no inventory obligations and drop ships produce from the manufacturer’s distribution site.  The mark-up on hardware sales is 10% for ABC.

Other considerations:

Does the customer have the ability to forgo the hosting provided by the Company and instead host it on their own servers, or some other remote server (e.g., AWS, Microsoft Azure)
Yes, this is an option we make available, though we highly discourage it. Out of 2000+ customers, less than two dozen forgo the hosting services.

·         How integral are the implementation services to using the software?
Highly integral. We provide no generic services. For example, as part of implementation, we provide an overview of the ABC database, but we do not educate customers on relational database management systems.

·         Could the customer source the implementation services from some other third party?
A customer has only one option for sourcing implementation services: 1) Company ABC if the system was purchased through direct sales, or 2) a channel partner if the system was purchased through that channel partner.

·         Does ABC perform regular upgrades to the software?
Yes

·         Does the customer have to pay separately to get access to such upgrades?
No, upgrades are included as part of the annual license subscription.

·         If ABC provides upgrades, are they promised (explicitly or implicitly) at any sort of regular cadence?
Releases (i.e., upgrades) are delivered every four weeks like clockwork.

·         Is there a minimum number of upgrades promised or implied during the term of the contract?
License subscriptions run on an annual basis, though contracts are often times multiple-year subscriptions. Thirteen releases per year are implied in an annual subscription.

Explain the following

1.       A.  Would the license meet the definition of a performance obligation?

B. Would the license be classified as a license of functional intellectual property or symbolic intellectual property?

C. Would the revenue be recognized at the point in time that access to the license is granted to the customer or over the license term?

2.          Discuss the revenue recognition for Implementation

3.          Discuss revenue recognition for Hardware sales.

4.          Discuss a factor that could change one of your answers.

Problem 1: Dodson Company

The Dodson Company manufactures and distributes three types of electronic products, Zymol, Zybat and Zycot. The following details the unit sales, selling prices and manufacturing costs of the three electronic devices:

Selling, general and administrative (SG&A) expenses are $1,170,000. SG&A expenses are currently being allocated based upon sales revenue for the three products.

The Dodson Company is considering allocating SG&A expenses under an activity based costing methodology as follows:

• Upon further investigation of the SG&A expenses, (50 percent) are shown to be for marketing and advertising. Each product has its own advertising and marketing budget , administered by one of the three marketing managers. Zycot, the premier product, is advertised heavily. Sixty percent of the marketing and advertising budget goes toward Zycot, twenty percent to Zymol and twenty percent to Zybat.

• The remaining SG&A expenses consist of distribution and administrative costs (25 percent) and selling costs (25 percent). The distribution and administration department is responsible for arranging shipping and for billing the customers. Customers pay transportation charges directly to the common carrier. Upon analysis, each electronic product places equal demands on the distribution and administration department and each consumes about the same resources as the others. Selling costs consist primarily of commissions paid to independent salespeople. The commissions are based upon gross margin on the product (ie: sales revenue less manufacturing costs).

Required:

1. Prepare an income statement for each of the three electronic products with SG&A expenses allocated based upon sales revenue for the three products. Identify the most and least profitable products.

2. Prepare an income statement for each of the three electronic products with SG&A expenses allocated based upon activity based costing for the three products. Identify the most and least profitable product

You have a three-stock portfolio. Stock A has an expected return of 17 percent and a standard deviation of 38 percent, Stock B has an expected return of 20 percent and a standard deviation of 56 percent, and Stock C has an expected return of 15 percent and a standard deviation of 38 percent. The correlation between Stocks A and B is 0.30, between Stocks A and C is 0.20, and between Stocks B and C is 0.05. Your portfolio consists of 30 percent Stock A, 27 percent Stock B, and 43 percent Stock C. Calculate the expected return and standard deviation of your portfolio. The formula for calculating the variance of a three-stock portfolio is:

A fashion designer was looking to improve her brand's most recent collection of clothes by adding a casual line to the brand as well. The casual line would include shorts, t-shirts, and sandals. The designer sampled seven potential customers to find the average price they were willing to pay for their favorite brand of shorts. The results are as follows. 21, 24, 26, 28, 27, 30, 12

1. Calculate the margin of error for a 95% confidence interval for the population mean. (Use a table or technology. Round your answer to three decimal places.)

2. Calculate the 95% confidence interval for the population mean. (Use a table or technology. Round your answers to three decimal places.)

Amy has two ways to travel from her home in Norco to her office in Los Angeles. One is to go via the 10 Freeway, and the other is to go via 60 Freeway. In order to determine which way she should travel on a daily basis, Amy has recorded the travel times for samples of eleven trips via the 10 Freeway and eleven trips via the 60 Freeway. The following table gives the travel times (in minutes) for the twenty-two trips:

Assume that the two populations of travel times are normally distributed and that the population variances are equal. Can we conclude, at the

0.05

level of significance, that the mean travel times of the two routes are different?

Perform a two-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.