the Unix/Linux commands

1. Enter the “date” command to print the current date and time. Also, try the “cal” command.
2. Enter the command “clear” to clear the screen.
3. Use the command “cat .bash_hisrtory” to view your startup file. Note that each shell has a different startup file, and since we’re using the BASH (Bourne-Again Shell), the startup file is .bash_history. (if you can’t find this file think about one way to display!)
4. Enter the “exit” command to close the terminal window.
5. Enter the command “who” to display all users currently logged onto the system.
6. Enter the commands “whoami” and “who am i” to display your own user information. Note the difference.

Whoami shows my username

7. Enter the “finger” command with your login name to display detailed information about your terminal. (note: if you can’t find finger command, ask your instructor to install it)
8. Change to the “/bin” directory.
9. Display all files (ls –l) from the “/bin” directory.
10. Change to your HOME directory.
11. Use the “cat” command to create a sample text file called “textfile1”. Enter several lines of text of your choice into that file. The output redirection “>” should be used with the cat command “cat > textfile1”.
12. Use the “cat” command to view the file you have just created. Then, use the “wc” command to display statistics information about that file (number of lines, words, and characters).
13. The output redirection can be used with any command. Try the following command which prints all the files in the “/bin” directory into the file output:
14. ls –la /bin > output

15. Use the “cat” command to view the contents of the “output” file. How can you display the contents one page at a time?
16. The output redirection “>” creates a file if it doesn’t exist, and over-writes its contents if the file exists. Try the following command which prints the lists of users into the “output” file we created earlier: who > output
17. Use the “cat” command to display the contents of the “output” file. You’ll notice that the previous contents have been over-written.
18. The output re-direction “>>” can be used to append contents to an existing file. Try this: “date >> output”. You’ll notice that the current date has been appended to the previous contents of the output file.
19. The “touch” command can be used to create an empty file. Try this: “touch myfile”. Check to make sure the file “myfile” has been created.
20. Try the “touch” command on an existing file “touch textfile1” or “touch output”. What is the effect?
21. Create a new file called “memo.txt” with the following information “Hello there, my name is …yourname….”.
22. Append the current date to the end of file “memo.txt”.
23. Invoke the calendar command and redirect its output to the file “memo.txt”.
24. Write a command to display statistics (lines, words, characters) about “memo.txt”.

Question four
(I)During the year KCM acquired a new asset with a fair value of K500, 000 under a finance lease. The
lease agreement states that payments of K100, 000 must be paid for six years on 31 December each
year, starting on 31 December 2010. At the end of the six year period legal title of the asset will pass to
KCM.
KCM believes the only accounting entry he must make in relation to this asset is for the K100, 000
payments he has made and he has treated this as an operating expense. The interest rate is 12%
Required.
(a) Using the actuarial method(present value techniques) as recommended by IAS 17 leases
,prepare the calculations and the journal entry for the adjustments required to be made in the
accounts of KCM for the year ended 31 December 2010, to account for this finance lease .
(. b) Explain briefly why ethically KCM cannot treat the lease payment as an operating expense.
(3
Marks)
(ii)Explain the term operating segment as used in IFRS 8 and explain why the users of financial
statement may find a segment report useful.

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

   
Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $6 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $70 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $17 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $3 million.
5. The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment.
6. Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $82 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $60 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $9 million.

Which of the following best expresses the accounting standard regarding accounting for purchases and inventories in the General Fund?

Select one:

a. Purchases may be recorded as expenditures either when acquired or consumed; if accounted for as expenditures when acquired, year-end inventories are ignored.

b. They must be accounted for in a manner similar to that of commercial enterprises.

c. All purchases must be accounted for as expenditures upon acquisition.

d. Purchases may be recorded as expenditures either when acquired or consumed; if accounted for as expenditures when acquired, year-end inventories must be reported if the amount is significant.

Which of the following transactions creates an expenditure on the General Fund statement of revenues, expenditures, and changes in fund balance?

Select one:

a. A purchase of water from the Water Enterprise Fund

b. A transfer of resources to the Debt Service Fund so the Debt Service Fund can pay debt service on general obligation debt

c. A transfer of resources to the Capital Projects Fund to help pay for a major capital project

d. A loan to the Sewage Enterprise Fund

At the end of fiscal year 2019, Carson City had outstanding encumbrances of $15,000. Although the city follows a policy of allowing outstanding encumbrances to lapse, it plans to honor the related purchase orders in fiscal year 2020. How should the city report the existence of the outstanding encumbrances in the financial statements if the encumbrances do not relate to a resource classified as restricted or committed?

Select one:

a. It should be reported as Reserved for Encumbrances.

b. It should be reported as Nonspendable fund balance.

c. It should be reported as Unassigned fund balance.

d. It should be reported as Assigned fund balance.

A state provides pension benefits to retired employees who have worked at least five years for the state. Based on employee salaries during 2019, the state actuary calculated that the employees earned pension benefits totaling $14 million. The state appropriated $10 million to the General Fund for payment to its Pension Trust Fund. However, the state encountered financial problems during 2019. It sent its pension system a check for $8 million in October 2019, saying that it would pay no more for the year. The Pension Trust Fund actually paid pension benefits of $3 million during 2019. How much should the General Fund recognize as pension expenditures for 2019?

Select one:

a. $14 million

b. $8 million

c. $10 million

d. $3 million

Which of the following transactions or events best describes when a grant recipient may recognize revenues from intergovernmental grants in governmental-type funds?

Select one:

a. The recipient spends all the resources made available in the grant.

b. The recipient receives cash from the grant provider.

c. The recipient complies with all grant eligibility requirements, and the resources are “available.”

d. The recipient enters into a contract with the grant provider.

1. Retirement Savings After completing your MBA, you are committed to saving for retirement. To do so, you plan to maximize your contributions to your tax-deferred (401k) retirement account. You plan to invest your savings in low-cost equity mutual funds. In your opinion, this will give you an 8% effective annual rate of return. You plan to work 30 years, then retire. A. What is the APR with monthly compounding that will yield an effective annual rate of 8%?

B. If you contribute $1,000 to your retirement account each month, what will the value of your retirement account be 30 years from today? Assume your first deposit is made in one month and your last deposit is made on your retirement day—30 years from today. For this problem, assume a monthly interest rate of 65 bps (0.65%).

C. Assume you wait to save for retirement. Instead of starting in your first year of employment, you start 10 years later and save for 20 years (i.e., your first monthly deposit is 10 years and one month from today). What is the value of your retirement savings 30 years from today? For this problem, assume a monthly interest rate of 65 bps (0.65%).

D. Assume your retirement account is worth $1,000,000 on the date of your retirement. While you will continue to earn 65 bps per month on your investments, you plan to make monthly withdrawals while in retirement. Assuming you would like to make monthly withdrawals for the next 40 years (whereupon you promptly drop dead or become a ward of the state), how much can you withdraw from your retirement account each month?

With the growing popularity of casual surf print clothing, two recent MBA graduates decided to broaden this casual surf concept to encompass a “surf lifestyle for the home.” With limited capital, they decided to focus on surf print table and floor lamps to accent people’s homes. They projected unit sales of these lamps to be 8,100 in the first year, with growth of 5 percent each year for the next five years. Production of these lamps will require $46,000 in net working capital to start. The net working capital will be recovered at the end of the project. Total fixed costs are $106,000 per year, variable production costs are $12 per unit, and the units are priced at $40 each. The equipment needed to begin production will cost $186,000. The equipment will be depreciated using the straight-line method over a five-year life and is not expected to have a salvage value. The effective tax rate is 21 percent and the required rate of return is 20 percent. What is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You have heard from idle chatter that most students don't declare a major in their MBA programs. You took a sample of 200 students (in the data file). Conduct a one-sample hypothesis test to determine if the proportion without a major is greater than 50%. Use a .05 significance level.

Leverage Benefits: You have finished your MBA and taken job at a small manufacturing company that specializes in restoring old fj-40 Land Cruisers and the Series II and III Land rovers (the classic safari vehicles you see in movies). With baby boomers retiring and fulfilling pent up dreams the business cannot keep up with demand for these classic rugged 4-wheel drive vehicles. The owners would like to expand but tell you they only have about half cash to pay for the expansion, which would cost about $600,000. You ask them why they don’t just borrow the other half. They say it is too expensive, especially compared to the cost of retained earnings. Current loans from the bank would cost 7% to 8%. The company is every profitable and the expansion would have a positive NPV at discounts up to 18% or 20%. The company’s tax rate is 30%.

A. Do you agree with the owners that debt is expensive compared to retained earnings?

B. Make a brief argument for why the owners should borrow and pursue this opportunity.

The following data set shows the entrance exam score​ (Verbal GMAT) for each of eight MBA students along with his or her grade point average​ (GPA) upon graduation.

Gmat- 310, 290, 270, 290, 360, 280, 300, 290

Gpa- 3.7, 3.1, 3.1, 3.2, 3.9, 2.9, 3.6, 3.1

A linear regression on the data gives the equation below.

Predicted GPA=−0.022695+0.011206(GMAT)

Complete the parts below.

a. Calculate the SST.

a) Calculate the SST. ​(Round to three decimal places as​ needed.)

b) Calculate the SSR. ​(Round to three decimal places as​ needed.)

c) Calculate the SSE. ​(Round to three decimal places as​ needed.)

d) Calculate the sample coefficient of determination or R². (Round to three decimal places as​ needed.)

e) Determine the null and alternative hypotheses.

f) Calculate the​ F-score for this test. ​(Round to two decimal places as​ needed.)

g) Determine the​ p-value. ​(Round to three decimal places as​ needed.)

h) Reject/do not reject