Eight people, named Anna, Bob, Chandra, Darlene, Ed, Frank, Gina, and Hank, will be interviewed for a job. The interviewer will choose two at random to interview on the first day. What is the probability that Darlene is interviewed first and Ed is interviewed second? Express your answer as a fraction or a decimal, rounded to four decimal places.

A polling organization is asked to determine the percentage of Americans who exercise at least twice per week. The error tolerance is two and a half percentage points, and the confidence level applied to the result is 95%. Lacking any other information, what is the minimum number of people the pollsters must interview in order to satisfy these constraints?

Q3. Write a note on each of the following topics:

a) What is job analysis and how it impacts various areas in Human Resource and Employee Lifecycle?

b) What are different types of Competency Frameworks and how are they put to effect use?

c) Classify internal and external hiring practices and explain different interview types

Discuss the differences between the accrual basis and the cash basis of accounting ( we did mention it in previous discussion forum)

What's the differences between cash flows and cash forecast?

You might want to interview a banker or small business owner, asking them how they use the particular statement in decision making

3. What are the objectives of a crisis management plan? Why is a crisis management plan integral to protecting the overall image of a sport-focused organization?

4. How should one prepare for a media interview? Why is such preparation instrumental in effective public relations? What is considered best practice during an inter view?

QUESTION FIVE                                                                                                                   [10]

The following information was extracted from the accounting records of Humid Limited for the year ended 31 May 2020:

Humid Ltd

Summary of the statement of profit and loss and other comprehensive income

for the year ended 31 May 2020                                                                          .

Humid Ltd

Extract from the statement of financial position as at 31 May 2020.                                                                        

Required:

Prepare the following section of the statement of cash flows of Humid Limited for the year ended 31 May 2020:

• “Cash generated by operations” section only.  

Note that the entire “cash flows from operating activities” section is not required.

Humid Limited uses the indirect method to prepare its statement of cash flows.

A company in the United States, imports and exports equipment. The company uses a perpetual inventory system. During May the company entered into the following transactions. All rate quotations are direct exchange rates.

May 2 Purchased power tools from a wholesaler in Japan, on account, at an invoice cost of 1,600,000 yen. On this date the exchange rate for the yen was $.0072.

4 Sold hand tools on credit that were manufactured in the U.S. to a retail outlet located in West Germany. The invoice price was $2,800. The exchange rate for marks was $.5829.

8 Sold electric drills on account to a retailer in New Zealand. The invoice price was 16,800 U.S. dollars and the exchange rate for the New Zealand dollar was $.576. 10 Purchased drill bits on account from a manufacturer located in Belgium. The billing was for 801,282 francs. The exchange rate for francs was $.0312.

15 Paid 1,000,000 yen on account to the wholesaler for purchases made on May 2. The exchange rate on this date was $.0067.

17 Settled the accounts payable with the Belgium manufacturer. The exchange rate was $.0368.

21 Received full payment from the New Zealand retailer. The exchange rate was $.568.

29 Completed payment on the May 2 purchase. The exchange rate was $.0078.
(Show calculations)
Prepare journal entries on the books of the US Company to record the transactions listed above.

The following information is used for the following two questions. Ping and Slazenger Company (its 90% owned affiliate) reported the following income information for year X1:

During Year X1, Slazenger made sales of $20,000 to Ping. Slazenger’s Cost of Sales was $10,000. As of 12/31/X1, Ping had still owned 60% of the units acquired from Slazenger. Based on this information, how much Consolidated Income should Ping report?

Please select the correct answer below only one:

a. $140,000

b. $144,000

c. $146,000

d. $150,000

e. None of the Above

Warren Corporation acquires a used machine (five-year property) on December 28, 2017, at a cost of $250,000. Henry Corporation also acquires another used machine (seven-year property) on January 19, 2017, at a cost of $75,000. The company does not make the § 179 elections.

a. Determine the depreciation deduction for these assets in 2017.   

b. Determine the depreciation deduction under H.R. 1 assuming these assets were placed in service on the same dates in 2018.

c. Warren Corporation also purchases Microsoft Office from Microsoft for use in its business as of January 1 of the current year at a cost of $30,000. No hardware was acquired. How much of the cost can Warren Corporation deduct this year?

d. Complete Form 4562 for Warren Corporation to report the depreciation and amortization for questions a. and c above.

Problem 6-1B Inventory ownership—perpetual LO1
On November 30, 2020, York + Robin Shoes (Y+R) performed the annual inventory count and determined the

year-end ending inventory value to be $49,222. It is now December 3, 2020, and you have been asked to double-
check the inventory listing. Y+R uses a perpetual inventory system. Note: Only relevant items are shown on

the inventory listing.

York + Robin Shoes
Inventory Listing
Year-Ended November 30, 2020

#
Inventory
Number Inventory Description Quantity (units) Unit Cost ($) Total Value ($)
1 A20 Men’s brown dress shoes 74 $50 $ 3,700
2 B30 Women’s black boots 50 30 1,500
. . . . . .
Total Inventory $49,222

CHAPTER 6 Inventory Costing and Valuation

456
The following situations have been brought to your attention:
a. On November 28, 2020, Y+R received a customer order for men’s sneakers (Item # D50) with a sale price
of $1,000 and cost of $600, FOB shipping. The order was shipped on November 30, 2020. Y+R did not
include this inventory.
b. On December 2, 2021, Y+R received a shipment of $1,500 women’s black boots (Item # B30). The inventory
was purchased November 22, 2020, FOB destination from Global Threads. This inventory was included in
Y+R’s inventory count and inventory listing.
c. Women’s sandals (Item # C40) were purchased and shipped from International Sole Co. on November 30,
2020 for $2,300, FOB shipping. The shipment arrived December 5, 2020 and the appropriate party paid for
the shipping charges of $230. Additional costs were $161 for import duties and $86 for insurance during
shipment.
d. On November 30, 2020, Y+R shipped women’s flip flops (Item #E60) to a customer for $2,520, FOB
destination. The inventory cost $1,800 and the customer received the goods on December 3, 2020. Y+R has
not included this inventory.
e. Y+R had been holding $3,700 of men’s brown dress shoes (Item #A20) on consignment for designer Blue
Co. as at November 30, 2020. This inventory was included in Y+R’s inventory count and inventory listing.
Required
1. In situations (a) to (e), determine whether each of the following should be included or excluded in
inventory as at November 30, 2020 and explain why. If the inventory should be included, determine
the inventory cost.

2. Determine the correct ending inventory value at November 30, 2020. Starting with the unadjusted inven-
tory value of $49,222, add or subtract any errors based on your analysis in Part 1. Assume all items that are

not shown in the inventory listing or discussed in situations (a) to (e) are recorded correctly.