As CEO, which type of audit opinion would you prefer most and why?

What value do outside, Independent Directors bring to the CEO and C-Suite?

Explain why a CEO would not want to implement an information governance program at their HCO?

Marcus Co., a U.S. company, has decided to undertake a 2-year project in Canada. The project is expected to generate 18,000,000 Canadian dollars (C$) in the first year and C$40,000,000 in the second. Marcus will need to invest $35,000,000 at the start of the project. Marcus has decided to use a cost of capital of 14 percent, which it uses for similar projects. The spot rate of the Canadian dollar is expected to be $.79 for the first year and $.82 for the second year. (1) What is the net present value of the project in U.S. dollars?​ (2) Would a stable exchange rate of $.79 for both years be to the advantage or disadvantage of Marcus? Explain.

On November 1, 2014, the Yankee Corporation, a U.S. corporation, purchased and received an extruding machine from Wales Corporation, a UK company. The purchase price was $10,000 (U.S. dollars) and Yankee agreed to pay in pounds on February 1, 2015. Both corporations are on a calendar year accounting period. Assume that the spot rates for the British pound on November 1, 2014, December 31, 2014, and February 1, 2015, are $1.60, $1.62, and $1.66, respectively.

Required:

Record the November 1, December 31, and February 1 transactions in the General Journals of Yankee Corporation and Wales Corporation. If no entry is required on a particular date, indicate "No entry" in the General Journal.

International Taxation Question

Tenco, a domestic corporation, manufactures tennis rackets for sale in the United States and abroad. Tenco owns 100% of the stock of Teny, a foreign sales subsidiary that was organized in Year 1. During Year 1, Teny had $15 million of foreign base company sales income, paid $1 million in foreign income taxes, and distributed no dividends. During Year 2, Teny had no earnings and profits, paid no foreign income taxes, and distributed a $14 million dividend.

Assuming the U.S. corporate tax rate is 21%, what are the U.S. tax consequences of Teny’s Year 1 and Year 2 activities?

25) A U.S. firm currently produces 200 units of output according to the production function q = L0.5K0.5 and faces input prices equal to wU.S. = rU.S = $11. Should the U.S. firm move their company abroad where they will face input prices equal to wabroad = $6.50 and rabroad = $15.00?

A) Yes, because the total costs will fall from $3,859 to $2,810.

B) No, because the total costs will increase from $2,810 to $3,859.

C) No, because the firm has decreasing returns to scale.

D) Not enough information is given to answer this problem.

the answer is A, but I cant seem to get the same numbers. Please show your work

Bugs, Inc., a wholly owned subsidiary of the U.S.-based company, Pillows Ltd., was notified of a loss contingency with an estimated cost ranging between $50,000 and $150,000. Bugs, Inc. hired an expert appraiser who assessed that all possible dollar amounts of liability in this range are equally likely. Management of Bugs, Inc. has estimated that there is a 60 percent chance that this contingency will result in an actual loss. In the conversion from U.S. GAAP financial statements to IFRS financial statements, what is the amount of adjustment needed to adjust for the difference in accounting for a provision for loss contingency?

Multiple Choice

$0

$50,000

$100,000

$150,000

$200,000

You invested in Facebook, and you're a diversified investors. Which of the following risks concern you the most?

a.

The risk that a global economic slowdown will affect how much companies spend on advertising

b.

The risk that users will find a different social media platform to spend their time on.

c.

The risk that Mark Zuckerberg will stay on as CEO

d.

The risk that Mark Zuckerberg will leave as CEO

e.

The risk that new privacy laws will restrict data gathering and access

The Cheebles cookie factory changed their recipe. The inspectors took a sample of the new cookies and found that the sample was 42 grams with a standard deviation of 4 grams. the Cheebles CEO specially asked the inspectors to use these statistics to find the lower and upper boundary weighs of 50% of their cookies. What are the Z values of the limits of the limits of the area covering the middle half of the area under the normal curve that the inspectors would use to find this information for the CEO of Cheebles?