It is argued that culture (Wong, 2004) and non-compliance with IFRSs (Ali, 2005) are two major barriers to harmonize accounting standards globally.

1. Briefly discuss the above statement in the Introduction section.

2. Do you agree that culture can be a barrier to harmonize accounting standards throughout the world? Discuss with examples and provide your own comments.

3. Do you think that compliance with IFRS is essential to harmonize accounting standards globally? What are the reasons for non-compliance with IFRS? Discuss with examples.

4. Do you think harmonization of accounting standards is possible? Justify your answer.

5. Summarise the above questions in the Conclusion section.

It is argued that culture (Wong, 2004) and non-compliance with IFRSs (Ali, 2005) are two major barriers to harmonize accounting standards globally.

(a) Briefly discuss the above statement in the Introduction section.

(b) Do you agree that culture can be a barrier to harmonize accounting standards throughout the world? Discuss with examples and provide your own comments.

(c) Do you think that the compliance with IFRS is essential to harmonize accounting standards globally? What are the reasons for noncompliance with IFRS? Discuss with examples.

(d) Do you think harmonization of accounting standards is possible? Justify your answer.

(e) Summarise the above questions (a-d) in the Conclusion section.

Answer in detail please. Thank you.

Fancy furniture LTD is a company that produces high-quality custom furniture for commercial and residential customers. You have been asked to calculated the WACC for this company and are given the following information;

• Fancy furniture ltd is a publicly listed company and it currently has 20 million ordinary shares on issue. The beta of its share is 1.7
• FF is forecasting to pay a dividend of $0.8 in the coming year and the dividend is expected to grow at a rate of 5% per annum.
• Government bonds are currently trading at 4% per annum and the market risk premium is 7%
• The firm has 2 million preference shares outstanding with a current market price at $90 per share. The par value of the preference shares is $100. Preference shares pay a constant dividend of $4.5 per year.
• Five years ago, FF took out a 20 year long-term loan, with an initial value of $1 million, with its bank for a mortgage of a new storage warehouse. The cost of this loan is 6% per annum, assumed to be paid annually (at the end of each year)
• The company has a short term loan of $0.5 million on the balance sheet. The cost of this loan is 4.7% per annum .
• The company’s debentures are publicly traded and their market price equals to 93% of the face value. The debentures pay coupons semi-annually. The book value of the debenture is $3 million and the current yield to maturity of a corporate debenture is 12% per annum

a) calculate the cost of equity

b) calculate the current price for ordinary share

c) calculate the discount rate for preference share

d) calculate the market value of the long term loan

e) calculate the market value of the short term loan

F) calculate the market value of debentures

G) what is the total market value of equity

H) what is the total market value of debt

I) calculate the overall cost of debt of the company (before tax)

J) calculate the overall cost of equity

Two sample T hypothesis test (show your work) (NO HAND WRITING ITS HARD TO READ)

A food allergy accident happen that many time per year. Come up with a null and alt,

looking at from 2005 to 2011 and 2012 to 2018.

Also have the fatal rate if you can tie that in some how? with another hypothesis test

The general fund budget (in billions of dollars) for a U.S. state for 1988 (period 1) to 2011 (period 24) follows.

(a)

Construct a time series plot.

What type of pattern exists in the data?

The time series plot shows a horizontal pattern.

The time series plot shows a nonlinear trend.    

The time series plot shows a seasonal pattern.

The time series plot shows a linear trend.

(b)

Develop a linear trend equation for this time series to forecast the budget (in billions of dollars). (Round your numerical values to three decimal places.)

T_t =

(c)

What is the forecast (in billions of dollars) for period 25? (Round your answer to two decimal places.)

$ _______ billion

Despite the growth in digital entertainment, the nation’s 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table.

B-1) Estimate a linear trend model and an exponential trend model for the sample. (Round your answers to 2 decimal places.)

B-2 Calculate the MSE for both trends. (Do not round estimates or intermediate calculations. Round final answers to 2 decimal places.)

b-3. By comparing MSE, which of the above methods perform better? Exponential or Linear?

c-1. Using the model of best fit, make a forecast for visitors to amusement parks in 2008. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.)

c-2. Using the model of best fit, make a forecast for visitors to amusement parks in 2009. (Do not round estimates or intermediate calculations. Round your answer to 1 decimal place.)

1. Do the variables have significant correlation? For full credit, you must show each step of the hypothesis test. Use the 0.05 significance.

2. In 2008, the price of gas dropped drastically and hit a low average of $1.59 for the nation. What effect do you think this will have on the alternative-fuel car sales, if any? Do you think that this would affect the number of alternative-fueled vehicles used in the United States? Do you think that it would follow the same pattern as before 2008? Write 2 or 3 sentences explaining how you think the new vehicles will affect the number of alternative-fueled vehicles in the United States.

3. Use your regression equation to predict the number of alternative-fueled vehicles used in the United States in 2010. Assume that the pattern remains the same after the introduction of the electric-gas vehicles. Show your work.

4. Search online to find some evidence for or against your opinion in part e. Give the information that you found and state the URL to the data. Was your prediction correct or incorrect? Why do you think that happened? Write 2 or 3 sentences summarizing the information that you found and explain why you think that happened. Be sure to answer each question.