Super Lumber Inc. is a retailer of hardwood flooring in the US. Its basic business model is to offer great value, superior service, and a broad selection of high-quality hardwood flooring products. The strategic objective, or company mission, is to continue to increase revenues and profitability by strengthening its position as a leading provider of hardwood flooring within its growing market. Specific business objectives are: 1. expand its store base; 2. Improve productivity and efficiency; 3. build on core strengths; 4. leverage its multichannel sales and brand marketing. Which of the following identified risks should be considered having a key link with the 2nd objective, (in another word, a key risk to the 2nd objective), hence should be the focus of internal audit function?

Select one: a. Lack of availability of sufficient suitable hardwood in the market. b. Decrease in home remodeling activity and homebuilding industry in the event of economic decline. c. Increased competition in terms of price and variety of products from other flooring companies operating in the same areas as Super Lumber Inc. d. Inability of management information systems to support planned expansion and development of new stores.

The following is a free response question to be used as practice for future exams. You can complete the assignment in this document, using the drawing tools in Word (or any photo editing program) or print this document, and complete the activity by hand, submitting a scan or photo of your work. When you are done, submit the assignment for grading by your instructor. This question will be graded out of 6 points.

1. The table below shows the production possibilities curves for two countries: China and the United States. Using equal amounts of resources, China can produce 200 computers or 400 cars, whereas the United States can produce 200 computers or 1,200 cars.

(a) Calculate the opportunity cost of a computer in China.

(b) If the two countries specialize and trade, which country will import computers? Explain.

(c) If the terms of trade are 4 cars for 1 computer, would trade be advantageous for each of the following?

(i) United States

(ii) China

(d) If productivity in China doubles, which country has the comparative advantage in the production of cars?

Throughout this course, you will be learning about object-oriented programming and demonstrating what you learn by writing some programs in Java. The first step will be to install and integrated development environment (IDE) that will be where you will write and compile your programs. You will also write your first program using Java to show that you have correctly installed the IDE.

The project instructions and deliverables are as follows:

• Download and install Java JDK and NetBeans IDE using the default installation options
• Run the IDE and take a screenshot.
• Create a console program that prompts the user to enter these three pieces of information:
  • The name of their favorite restaurant
  • The address of the restaurant
  • Their favorite meal at the restaurant
• Store in memory the three pieces of information above, each in a separate variable.
• Display this information on screen, showing each input on a separate line.
• Run your program and take a screenshot.
• Create a document in Word, and add the following:
  • Title page which includes: Course Number, Course Section, Course Name, Project Name (Unit 1 IP), Student Name and Date
  • Screenshot showing the IDE running
  • Screenshot showing the program running

Read the following scenario. Janice was hired by Dream Massage to be a massage therapist. She is engaged as an independent contractor and, therefore, receives no tax withholding or employment benefits. Dream Massage requires Janice to work a set schedule, provides her with clients and all her massage products, and exercises complete control over how Janice does her work. In addition, when Janice shows up to work the first day, she is informed by Dream Massage that she cannot wear her hijab as it violates the company's dress code policy. The owner of Dream Massage comes to you, a human resources (HR) consultant, to find out if Janice is properly classified as an independent contractor and if there is potential liability concerning the hijab. Create a 700- to 1,050-word HR report for Dream Massage in which you examine the employment issues presented in the scenario. Include the following: Analyze whether Janice qualifies as an employee or should be classified as an independent contractor. Discuss whether Dream Massage has potentially violated any employment discrimination laws. Analyze ethical considerations associated with the maintenance of a rigid company dress policy. Cite a minimum of three references.

As a pension fund manager in 2020, you are given $67,556,416.88 to manage so that the fund will have at least $100,000,000 available in 2030, 10 years from now. The yield curve is flat, and the current interest rate for all maturities is 4%. The only bonds that you can buy are annual coupon Treasury bonds with 1-year maturities and bonds issued in 2020 that mature in 2040 (currently a maturity of 20 years). All bonds are issued at par. 1. How many of each Treasury bond should you buy today?

$_________________1-Year

$_________________20-Year

2. If all interest rates increase by 1% (to 5%) in year (2021) and then remain at 5%, how much will the fund have in 2030? Reinvest all coupon payments in one-year bonds. (The answer should be fairly close to the goal amount if you selected the portfolio correctly. If you set up the Excel spreadsheet right, you can see that you will have the goal amount regardless of the new interest rate.)

$_______________________

3. Very briefly, why was the amount not equal to exactly $100,000,000? (I’m looking for a key word.)

Prepare the adjusted trial balance on December 31, 20X6. Attach your response in an excel or word file.

Questions 4 through 10 are based on the following December 31, 20X6 year-end account balances for XYZ Co. after adjusting entries had been prepared but before the books were closed for the year.                                                 

                Cash……………..…………………………….250,000

                Accounts receivable…………………….……..680,000

                Marketable securities…………………………...60,000

                Prepaid insurance……………………………….35,000

                Prepaid rent….………………………………….30,000

                Office equipment…………………………….....620,000

                Accumulated depreciation: equipment………...200,000

                Land……………………………………………750,000

                Accounts payable………………………………306,000

                Dividends payable……………………………… 50,000

                Interest payable…………………………………... 8,750

                Income tax payable……………………………...30,000

                Unearned client service revenue………………..180,000

                Notes payable (long-term).……………………..350,000

                Common stock………………………………….750,000

                Retained earnings….…………………………....315,200

                Dividends…………………………………….......75,000

                Client service revenue………………………...1,200,000

                Travel expense………………………………..…..28,000

                Office supplies expense…………………………..20,000

                Advertising expense………………………………45,000

                Salary expense…………………………………...400,000

                Utility expense………………………………….....40,000

                Depreciation expense: equipment…………………25,000

                Interest expense……………………………….…...17,500

                Insurance expense……………………………….....52,000

                Rent expense……………………………………..175,000

                Income tax expense………………………………..87,450

A. what type of test should be used and why?

B. Compose a null hypothesis to accompany the test. Record both a generic version (through the use symbols) and an English version (using words) – for the generic version, it may be easier to insert an equation box into the word document and type via equation

C. Compose an alternative hypothesis to accompany the test. Record both a generic version (through the use of symbols) and an English version (using words) – for the generic version

D. Compose and type the results of the test. Do you “Reject” or “Fail to Reject” the null hypothesis?

Collect data on one response (dependent or y) variable and two different explanatory (independent or x) variables. This will require a survey with three questions. For example: To predict a student’s GPA (y), you might collect data on two x variables: SAT score and age. So we would be trying to determine if there was a linear correlation between someone’s SAT score and their GPA, as well as their age and their GPA. (Note: students may not choose GPA as their dependent variable, must pick a different topic.)

• This data must be quantitative, not qualitative.

• Collect data from at least 15 people. Each person must answer all three questions for their data to count.

• Prepare a brief report that shares the questions used, as to why they are important to be studied.

• Present data in table form and as a scatter plot. You can create your tables and graphs in Excel, but they will need to be copy and pasted into your Word document. Do NOT submit an Excel file as it will not be graded.

• Model the data with two linear regressions (one for each x & y pair.)

• Interpret each linear model.

• Use each of your models to make a prediction.

Collect data on one response (dependent or y) variable and two different explanatory (independent or x) variables. This will require a survey with three questions. For example: To predict a student’s GPA (y), you might collect data on two x variables: SAT score and age. So we would be trying to determine if there was a linear correlation between someone’s SAT score and their GPA, as well as their age and their GPA. (Note: students may not choose GPA as their dependent variable, must pick a different topic.)

• This data must be quantitative, not qualitative.

• Collect data from at least 15 people. Each person must answer all three questions for their data to count.

• Prepare a brief report that shares the questions used, as to why they are important to be studied.

• Present data in table form and as a scatter plot. You can create your tables and graphs in Excel, but they will need to be copy and pasted into your Word document. Do NOT submit an Excel file as it will not be graded.

• Model the data with two linear regressions (one for each x & y pair.)

• Interpret each linear model.

• Use each of your models to make a prediction.