Osborn Reynolds discovered that the flow regime depends mainly on the ratio of the inertia forces to viscous forces in the fluid. With your own understanding and justification, analyze the effects of frictional factor to the boundary layer.
In: Other
If the NZ dollar (base currency) is trading at a discount in the forward market relative to UK pounds (term currency),
Select one:
a. then NZ interest rates are higher than UK interest rates
b. then for NZ dollars in terms of UK pounds, the forward rates are lower than the spot rate.
If the forward exchange rate of the yen in terms of the New Zealand dollar is greater than the spot exchange rate: A. Japanese interest rates must be higher than New Zealand interest rates. B. New Zealand interest rates must be lower than Japanese interest rates. C. market participants must be expecting the New Zealand dollar to appreciate against the yen. D. market participants must be expecting the New Zealand dollar to depreciate against the yen. E. the New Zealand inflation rate is lower than the Japanese inflation rate.
If exchange rates adjust to reflect inflation differentials across countries, then: A. The law of one price will always hold. B. No one will use forward currency markets. C. Interest rates will be equal across countries. D. Purchasing Power Parity (PPP) is said to hold. E. Interest Rate Parity theory will always hold
If a New Zealand firm will receive an payment for an account receivable in euros in two months, to hedge against foreign exchange rate risk, the firm should: A. sell foreign exchange futures. B. buy foreign exchange futures. C. stay out of the foreign exchange futures markets. D. enter into a contract to sell NZ dollars two months forward. E. do none of the above.
c. then UK interest rates are higher than NZ's interest rates
d. both A and B are correct.
e. then for UK punds in terms of NZ dollars, forward rates are lower than the spot rate
In: Finance
Discuss the major components of the Sarbanes-Oxley Act of 2002 and Corporate Governance?
In: Finance
Describe the internal control principle of “Risk Assessment” as presented in COSO’s 2013 Framework, SOX 2002 Sections 404 & 302, and PCAOB’s AS 5.
Compare the internal control effectiveness of the Internal Control-Integrated Framework issued by COSO, the Sarbanes-Oxley Act of 2002, Section 404 “Internal Control over Financial Reporting Requirements”, and PCAOB’s AS 5 “an Audit of Internal Control over Financial Reporting that is integrating with an Audit of Financial Statements.”
In: Accounting
CAC 510 FINANCIAL ACCOUNTING
Assignment 7 Questions
Case: The 10 Beach Hut by Dana Gillett and Julie Harvey, Richard Ivey School of Business
1. What was Mandy Arlington’s business?
2. What was Mandy Arlington’s brand name?
3. Explain what “sole proprietorship” is.
4. Would you say the idea of sole proprietorship was in line with the vision of the protagonist? Advise Mandy on this issue.
5. Losses were incurred in the first few years. a. Comment about this.
b. After how many years was a profit made?
c. How do you explain the fact that the business made losses for all the years you have indicated and yet was able to survive?
6. In exhibit 2, there is an item “drawings”. Explain its meaning in regard to (1) sole proprietorship and (2) Company
7. Using Exhibit 3;
(a) Explain what is meant by “prepaids.”
(b) Compute the working capital of the business for 2003 and 2004. Explain what your figures mean.
THE 10 BEACH HUT
Upon graduation, a young business school student, Mandy Arlington, decided to follow her dream of becoming a clothing designer. After much thought, she decided to design her own line of beachwear to be sold in beach towns across the province of Ontario in Canada. Arlington would design the clothing and have it produced by a local manufacturer. After researching suppliers, manufacturers, vendors and office locations, Arlington’s clothing line, The 10 Beach Hut, was launched as a sole proprietorship in January of 2001, in time for the upcoming spring season. Operations started slowly and losses were incurred in the first few years; however, by 2004, sales resulted in a profit as demand grew for the 10 beach Hut wear. Selected financial statements for 2003 and 2004 are shown in Exhibits 1, 2 and 3.
Exhibit 1
STATEMENT OF EARNINGS
For the year ending December 31, 2004
Net Sales $ 296,475
Cost of goods sold 221,109
Gross profit 75,366
Operating expenses
Selling and administration $ 48,384
Amortization 6,106
Interest 14,115
68,605
Net income $ 6,761
Additional note regarding 2004 operations:
The owner made an additional $5,580 capital in October 2004 (see Exhibit 2).
Exhibit 2
STATEMENT OF CAPITAL
For the year ending December 31, 2004
Beginning Capital (2003) $ 45,627
Net income 6,761
Capital investment 5,580
57,968
Less: drawings 3,283
Ending capital (2004) $ 54,685
Exhibit 3
BALANCE SHEETS
For the years ending December 31, 2003 and 2004
ASSETS 2004 2003
Current assets:
Cash $ 3,939 $ 1,970
Accounts receivable 73,856 60,726
Inventory 65,322 58,100
Prepaids 1,313 1,641
Total current assets $144,430 $122,437
Fixed assets¹:
Land 16,084 16,084
Building & fixtures $ 79,764 $ 72,543
Less: accum.amortization 20,548 59,216 14,442 58,101
Total net fixed assets 75,300 74,185
Total assets $ 219,730 $ 196,622
LIABILITIES & OWNER’S EQUITY
Current liabilities:
Bank indebtedness $ 32,760 $ 23,962
Accounts payable 40,375 31,840
Total current liabilities 73,135 55,802
Long-term debt 91,910 95,193
Total Liabilities 91,910 95,193
Owner’s equity:
Owner, capital 54,685 45,627
Total liabilities and owner’s equity $ 219,730 $ 196,622
¹ Several fixed assets worth $7,221 were purchased throughout the year, however, no fixed assets were sold during the year.
In: Accounting
B. Why do you suppose the Catholic Church was so outspoken against business activity and moneymaking at a time when it was the wealthiest institution on Earth? Is religion today still suspicious of moneymaking? Why, or why not?
In: Economics
There are many issues that researchers require consideration when designing market research. Using an internet search engine of your choice, list and discuss five (5) issues that require consideration. (Must provide 2 references, there should be at least one academic reference and one non-academic to justify your answer). (At least 200 words)
In: Economics
When creating the Academic Database, there were several instances of data validation. Data types were assigned to each field in the table to stop undesirable values from being placed into certain fields. A presence check was used on fields that were listed as NOT NULL, requiring some data to be input. Uniqueness validation was automatically assigned for fields that were primary keys. Describe at least one field in the Academic Database a table where range validation could have been used and describe at least one field in the Academic Database where choice validation could have been used. Your answer should be addressed in 100 to 150 words.
In: Computer Science
n another analysis from the same study of nurses, perceived pressure was compared across the three work areas.
Using the results of the Tukey test below, which groups did and did not differ and in which direction? i.e., who seemed to feel their pressure were relatively higher? Lower? (5 point)
Tukey's Studentized Range (HSD) Test for pressure
NOTE: This test controls the Type I experimentwise error rate.
Alpha 0.05
Error Degrees of Freedom 574
Error Mean Square 1.28185
Critical Value of Studentized Range 3.32313
Comparisons significant at the 0.05 level are indicated by ***.
Difference
Work Between Simultaneous 95%
Comparison Means Confidence Limits
Academic - Hospital 0.39011 0.15818 0.62204 ***
Academic – Nursing home 0.48073 0.03946 0.92200 ***
Hospital - Academic -0.39011 -0.62204 -0.15818 ***
Hospital - Nursing home 0.09062 -0.34328 0.52453
Nursing home - Academic -0.48073 -0.92200 -0.03946 ***
Nursing home - Hospital -0.09062 -0.52453 0.34328
In: Statistics and Probability
In: Physics