-What are GAAP? Why do we need to ponder over the levels of GAAP to do accounting work?

-What is the mission of the Financial Accounting Standard Board (FASB)

-What are the main three financial statements? How to link them together reflect the financial position and performance of a company?

-Why do public companies need auditor' report? If the CEO and CFO of a company need to certify the financial statements and internal control system, why do we still need external auditors to give their opinions on these items?

I want answers in 60 minutes

Design a CV for the job of a Physiotherapist at any hospital supposing an individual has completed DPT with an A grade and have 2 years of professional experience in the related field.

Your answer

Define the terms: Cohesion, Coherence, Skimming, Scanning

Your answer

You are the CEO of a company write a memorandum to your staff explaining the new software the company has purchased.

Your answer

What five major details should a person add while writing minutes of the meeting?

The year is 1997, California Pizza Kitchen is thinking to launch a new brand of frozen pizza. You are the Brand Manager for CPK.

Your task: develop a one-page executive summary to G.J. Hart, CEO persuading him that the company should launch this product

What is CPK's key POD?

What is your recommended S-T-P?

Include a proper positioning statement (using Kotler's model) What are the company's calculated risks?

WHY should the company pursue this endeavor?

Include an introduction, and summary conclusion

14.- A sociologist asserts that only 5% of all seniors in high school, capable of performing work at the university level, actually attend university. Find the probabilities that among 180 students capable of performing work at university level:
a) exactly 10 attend college using the binomial
b) Using the normal distribution
c) at least 10 go to university using binomial T.I or excel
d) Using the normal distribution
e) when many eight go to university using binomial or excel
f) Using the normal distribution

Assume that you are deciding whether to acquire a four-year university degree. Your only consideration at this moment is the degree as an investment for yourself. Costs per year are tuition fees of $600 and books at $100. The government also pays to the university an equivalent amount to your tuition fees to cover the real cost. If you don't go to university, you could earn $6000 per year as an acrobat. With a university degree, however, you know that you can earn $10,000 per year as an acrobat. Because of the nature of your chosen occupation, your time horizon for the investment decision is exactly 10 years after university; that is, if the investment is to be worthwhile, it must be so within a 10-year period after graduation. The market rate of interest is 5 percent. Would you make the investment in a university degree? This problem involves calculating the present discounted value of a flow of future earnings. Please assume that you face a 14-year horizon. The first four year are the only opportunity you have to go to university; either you choose to go to university at the beginning of year one or never. After attending university graduation, you have exactly 10 years to work as a university educated acrobat. You will need to use a calculator for this problem. Please show your work. Using an Excel spreadsheet for your calculations is allowed.

Assume you are in the manufacturing business here in the US, and your Company exports the majority of its products overseas. Assume the US Dollar strengthens against many of the key the currencies of the countries into which you sell your products, and that seems to be a condition that will exist for some time.

a. How might that exchange rate move impact your Company and why would that be so?

b. What long term strategy might help your Company mitigate the impacts of the exchange rate shift and why might it be effective?

My thinking is that the responses may be between 1 and 3 pages

Lean Conductors Ltd is a mid-sized Public limited company engaged in the manufacture and sale of electrical cables. As a public limited company the organization was performing reasonably well, earning steady profits and declaring a stable dividend of 12-15%.

The CEO was feeling the urge to expand the business and taste the growth of business operations and profits. He started addressing various options and shortlisted 2 options namely manufacture of LED bulbs and solar panels.

He called the Gen Mgr. - Finance for a discussion in this regard to probe the matter further. He also went on to share his dream of making the company a larger one and his belief in people like the GM who needs to stay and grow with the organization.

The GM felt excited at this prospect and started making a project report. He decided in his own mind the solar panel project with a larger profit margin looked to be a better one than LED bulbs which was dealer intensive and lesser in terms of unit margin.

Feeling the need to expand rapidly on the investment of the company and make it bigger and become a CFO in the bargain, he chose the solar panel project which was more capital intensive. An assumption about a capital structure and cost congruent to the existing structure was assumed and the projected financials were prepared.

The board of directors representing the majority of shareholders believing in the recommendations of the report adopted it for implementation. The project faced various hurdles in its implementation such delay in signing collaboration agreements, inflated cost due to poor supply of money in the market, downturn of the economy and so on. The project cost started spiraling up and to fund the expansion the funds of the existing business line were inducted into the new project since no further borrowing could be made. The company slipped into the red and reached a stage of bankruptcy without the new project even taking off.   

Questions:

1. Trace the conflict between the management and the shareholders in this case study.
2. Is the act of the GM Finance an error or sin?
3. Where do you think the CEO went wrong?
4. What according to you is the approach the CEO should have taken?

The following information applies to the questions displayed below.]

Laker Company reported the following January purchases and sales data for its only product.

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory.

Required:
1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,550 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)

Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 140 units @ $ 6.00 = $ 840 Jan. 10 Sales 100 units @ $ 15 Jan. 20 Purchase 60 units @ $ 5.00 = 300 Jan. 25 Sales 80 units @ $ 15 Jan. 30 Purchase 180 units @ $ 4.50 = 810 Totals 380 units $ 1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)

Bank of America (USA) believes that New Zealand dollar will appreciate over the next 90 days from US$0.48/NZ$ to US$0.50/NZ$. The following annual interest rates can be applied:

Currency                                        Lending rate (Annual)   Borrowing rate (Annual)

US dollar                                                    7.10%                           7.50%

New Zealand dollar                             6.80%                           7.25%

Bank of American has the capacity to borrow $5million from Chase bank. If Bank of America’s forecast is correct, what will be its US dollar profit of Bank of America from this foreign exchange speculation over the 90 days period?

Group of answer choices

About $5,093,750

About $5,296,875

About $203,125

About $266,451