Create new series with quarterly money growth rates, inflation rates, velocity growth rates, and real GDP

growth rates.

Note: The quarterly growth rate of a variable x is the growth rate between two

consecutive quarters.

describe at least 3 of the criminal penalties under the Sarbanes-Oxley act of 2002

In Chapter 28, you learned about the concept of comparative advantage. How does this principle apply to people/members in the church? In other words, you may consider that every individual within the Church community has a different/unique role (pastor, praise band leaders, server for meals, children’s ministry, etc) as gifted from God. How does the principle of comparative advantage relate to this situation? For you to receive full credit, please make sure you provide an accurate analysis based on the knowledge of comparative advantage to this given situation. Please do not refer to other sources, other than your textbook. (Due: Day 4(Thursday) by 11:59pm; word count: minimum 300 words).

You have been asked by the board of trustees of a local church to review its accounting procedures. As part of this review you have prepared the following comments relating to the collections made at weekly services and record keeping for members’ pledges and contributions:

1. The church’s board of trustees has delegated responsibility for financial management and the financial records to the finance committee. This group prepares the annual forecast and approves major disbursements, but is not involved in collections or record keeping. No internal or independent audit has been considered necessary in recent years because the same trusted employee has kept church records and serves as financial secretary for 15 years.
2. The offering at the weekly service is taken by a team of ushers. The head usher counts the offering in the church office following each service. He then places the offerings and a notation of the amount counted in the church safe. The next morning the financial secretary opens the safe and recounts the offering. He withholds about $100 to meet cash expenditures during the coming week and deposits the remainder of the offering intact. In order to facilitate the deposit, members who contribute by check are asked to draw their checks to cash.
3. At their request, a few members are furnished prenumbered, predated envelopes in which to insert their weekly contributions. The head usher removes the cash from the envelopes to be counted wit the loose cash included in the offering and discards the envelopes. No record is maintained of issuance or return of the envelopes, and the envelope system is not encouraged.
4. Each member is asked to prepare a contribution pledge card annually. The pledge is regarded as a moral commitment by the member to contribute a stated weekly amount. Based upon the amounts shown on the pledge cards, the financial secretary furnishes a letter requesting members to support the tax deductibility of their contributions.

Describe the weaknesses and recommended improvements in procedures for:

1. Offerings given at weekly services.
2. Record keeping for members’ pledges and contributions.

Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 12,000 Jetta were sold in US, in 2003, by 60% forward hedge and 40% not hedged. What would be profits or loss from sales of 12,000 Jetta in US?  

Beginning with the Renaissance the Church is no longer the only primary patron of the arts. Private families, governments and other secular (non-religious) groups begin to hire artists with greater frequency. What effect do you think this new diversity in patrons had on the arts in the 15th-18th centuries? Include some specific examples of works commissioned by these new patrons.

Q. what is the difference between Black-litterman and Stutzer’s 2004 optimisation approach ?

The year-end net income (in millions) for a company for the years 2004-2015 are shown in the provided data set (incomedata.xlsx). Graph the best chart which effectively displays the income data over time.

Income Data:

(c) Does it seem that Wal-Mart’s revenue is closely related to the general state of the economy?

Identify and remove the six cases corresponding to December revenue.

(f) Does it seem that Wal-Mart’s revenue is closely related to the general state of the economy? Use all plots and statistical criteria on the Excel Regression output to explain it. (g) Compare the results of parts (a) and (d), which of these two models is better? Use R-square values, adjusted R-square values, Significance F values, p-values, scatter plots, residual plots and normal probability plots to explain your answer.