According to this data below answer the questions below-
Company Name- Wise Sample Internet LLP
Background- It was founded by a group of 3 friends working in the same organization in 2017 as they shared the same vision of providing sample to market research firms. Since then it has expanded from 3 people to 100+ employee and is headquartered in Toronto, Canada with offices in Singapore, India and US.
It has brought together technology, automation and experience into delivering what the client needs which is quality data. So, this firm basically does sampling for the clients i.e. targeting the optimal N (specified by client) which represents the population exactly so that the client gets the mirrored data of the targeted population where he wants to launch the product/make changes in the sale etc.
Vision- As stated earlier, it wants to deliver quality data to the client. So, in order to fulfil that vision, its sub- vision is to have its panel base all over the world which is diversifying its panel.
Strategic objectives-
1. Increase employee size- which shall signify enlargement of business as more employees shall signify more work done thereby increasing the revenue for the firm.
2. Providing IT solutions to similar companies in the industry- As they have struggled a lot in making their company what it is today so they have founded a business opportunity of providing their handling tool as a product to other startups.
Trigging Events- The managing partner Mr Shekhar was asked to leave from his organization in 2017 after 9 years of working. So, he knew only two things which was sampling and the other thing was to make coffee and he had the responsibility of a kid and his wife. So, he decided to take a risk by selling his house and starting this company with his other two friends. Now, he/his partners are quite rich.
Problem- As this is a growing organization with loads of work in hand, so it needs people in order to do the job.
Now you must develop and implement the training project, phases 3 and 4 of the ADDIE model. You are required to address the following key elements in the development and implementation of the project in approximately 500 words or more:
Instructional method chosen
Instructional strategy used
Identification of material and equipment that will be used to maximize learning.
Description of the facility and if it meets training requirements.
Identification of factors used in choosing the trainer and its importance to maximum learning.
Implementation process (dry run, pilot, ice breakers).
Description of the process for ensuring training is transferred to the job.
In: Operations Management
Almost half of the US states have enacted so-called Right to Work laws. Explain what these laws are, and whether they are fair to unions and union members. Look at the issue from both the union's point of view, and from the point of view of employees who don't want union representation.
In: Operations Management
Compucat is a Canadian manufacturing company that produces
inexpensive personal and laptop computers. The company has been
generating progressively more of its sales from foreign markets.
During 2016, the company started purchasing most of its components
from a supplier in Germany.
To deal with the uncertainty associated with foreign exchange
fluctuations, all of Compucat's foreign currency denominated
receivables and payables are hedged with contracts with the
company's bank. Compucat's year-end is on December 31. The
following transactions took place in 2016:
On September 1, 2016, Compucat purchased components from its German
supplier for 100,000 Euros. On that date Compucat entered into a
forward contract for 100,000 Euros at the 60 day forward rate of 1
Euro = CDN$1.50. The forward contract was designated as a fair
value hedge of the amount payable to the German supplier. Compucat
settled with the bank and paid its supplier in full on December 1,
2016.
On December 1, 2016 Compucat also shipped a batch of laptop
computers to an American client for US$250,000. The invoice
required that Compucat receive its payment in full by January 31,
2017. On the date of the sale, the company entered into a forward
contract for US$250,000 at the two-month forward rate of US$1 =
CDN$1.25. This forward contract was designated to be a fair value
hedge of the amount due from the American customer.
The dates and exchange rates relevant to these transactions are
shown below:
|
Spot rate |
Forward rate |
|
|
September 1, 2016: |
1 Euro = CDN$1.4875 |
1 Euro = CDN$1.5000 |
|
December 1, 2016: |
1 Euro = CDN$1.4800 |
1 Euro = CDN$1.4800 |
|
US$1 = CDN$1.2600 |
US$1 = CDN$1.2500 |
|
|
December 31, 2016: |
US$1 = CDN$1.2700 |
US$1 = CDN$1.2600 |
|
January 31, 2017 |
US$1 = CDN $1.275 |
US$1 = CDN $1.275 |
1) Prepare the 2017 Journal Entries if the company invoked fair value hedge accounting
2) What would the balance in the asset and liability accounts as at December 31, 2016?
In: Accounting
tudents taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows. Undergraduate Major Business Engineering Other Totals Intended Enrollment Full Time 420 394 75 889 Status Part Time 400 591 44 1,035 Totals 820 985 119 1,924 Develop a joint probability table for these data (to 3 decimals). Undergraduate Major Business Engineering Other Totals Intended Enrollment Full-Time Status Part-Time Totals Use the marginal probabilities of undergraduate major (Business, Engineering, or Other) to comment on which undergraduate major produces the most potential MBA students. If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate Engineering major (to 3 decimals)? If a student was an undergraduate Business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree (to 3 decimals)? Let A denote the event that student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate Business major. Are events A and B independent?
In: Statistics and Probability
Waterways Corporation is a private corporation formed for the
purpose of providing the products and the services needed to
irrigate farms, parks, commercial projects, and private lawns. It
has a centrally located factory in a U.S. city that manufactures
the products it markets to retail outlets across the nation. It
also maintains a division that performs installation and warranty
servicing in six metropolitan areas.
The mission of Waterways is to manufacture quality parts that can
be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform
rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering
new ideas to help the company continue its growth and maintain the
high quality of its products.
Waterways was founded by Will Winkman who is the company president
and chief executive officer (CEO). Working with him from the
company’s inception is Will’s brother, Ben, whose sprinkler designs
and ideas about the installation of proper systems have been a
major basis of the company’s success. Ben is the vice president who
oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line
managers to supervise the factory employees. The factory makes all
of the parts for the irrigation systems. The purchasing department
is managed by Helen Hines.
The installation and training division is overseen by vice
president Henry Writer, who supervises the managers of the six
local installation operations. Each of these local managers hires
his or her own local service people. These service employees are
trained by the home office under Henry Writer’s direction because
of the uniqueness of the company’s products.
There is a small human resources department under the direction of
Sally Fenton, a vice president who handles the employee paperwork,
though hiring is actually performed by the separate departments.
Teresa Totter is the vice president who heads the sales and
marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann
Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management
Accountants and holds a certificate in management accounting. She
has a small staff of accountants, including a controller and a
treasurer, and a staff of accounting input operators who maintain
the financial records.
A partial list of Waterways’ accounts and their balances for the
month of November follows.
| Accounts Receivable | $274,600 | |
| Advertising Expenses | 53,600 | |
| Cash | 260,700 | |
| Depreciation—Factory Equipment | 17,000 | |
| Depreciation—Office Equipment | 2,400 | |
| Direct Labor | 42,400 | |
| Factory Supplies Used | 16,700 | |
| Factory Utilities | 10,100 | |
| Finished Goods Inventory, November 30 | 68,700 | |
| Finished Goods Inventory, October 31 | 71,900 | |
| Indirect Labor | 48,300 | |
| Office Supplies Expense | 1,600 | |
| Other Administrative Expenses | 72,300 | |
| Prepaid Expenses | 41,500 | |
| Raw Materials Inventory, November 30 | 53,000 | |
| Raw Materials Inventory, October 31 | 38,400 | |
| Raw Materials Purchases | 183,700 | |
| Rent—Factory Equipment | 47,100 | |
| Repairs—Factory Equipment | 4,500 | |
| Salaries | 321,800 | |
| Sales Revenue | 1,341,800 | |
| Sales Commissions | 40,600 | |
| Work In Process Inventory October 31 | 52,800 | |
| Work In Process Inventory, November 30 | 41,600 |
A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule
A list of accounts and their values are given above. From this information, prepare an income statement.
In: Accounting
If someone could give me some ideas to discuss, that would be great! Particularly anyting to do with access.
Introduction
The internal auditor of Missouri State University was in a quandary. Several retail items from a major supplier were on clearance; and the paper trail led to a check from the supplier that had not been cashed (in situations where merchandise is on clearance the supplier often provides a check to help offset the loss to the bookstore). The auditor decided to call the manager of the bookstore, Mark Brixey.
Brixey was on vacation, but the auditor was able to contact him. Brixey confirmed that the bookstore did receive a check from the supplier, but the check was locked in his desk. Brixey said not to worry; he would deposit the check as soon as he got back from vacation. The auditor was not comfortable with this, and decided to unlock the desk and retrieve the check. Once the desk was unlocked, the internal auditor found the check….and over $80,000 in cash.
In August of 2012, the Missouri State University Bookstore fraud was discovered during the routine internal audit. The former bookstore manager, Mark Brixey, was charged with embezzling more than $1.1 million dollars from the bookstore mostly from the textbook buyback program. Brixey was the bookstore manager from 1998 to 2012 and he began embezzling the money in 2003. The first year he stole $29,000; the amounts he stole steadily increased each year. Once the fraud was discovered he was placed on administrative leave by the University and then later resigned. He was later found guilty in federal court of illegal wire transfers and was sentenced to federal prison.
The Fraud
The internal audit department at Missouri State University discovered the fraud during the internal audit while the bookstore manager was on vacation. The internal audit team found inventory markdowns that had a reference to a specific check that should have been accounted for by the University. The team then contacted the director and found out the check was in his desk, and then they decided to get access to his desk to account for the check. When searching through his desk they did not find the check, however they did find over $81,000 in cash (McHaney), and when Brixey returned from his vacation he could not explain what happened to the missing check (Grant). After this was discovered, the internal audit was extended to further investigate the fraud.
The main sources of missing funds discovered in which Brixey was responsible for include:
Checks from textbook companies payable to the University or University Bookstore for purchase of wholesale inventory;
Buy-back or commission checks and cash from Follett payable to the University or University Bookstore;
Checks payable to the University or University Bookstore from Follett from the purchase of University Athletic Department owned textbooks which were returned by student athletes to the Athletics Office;
Checks payable to the University or University Bookstore from Follett for shared expenses during the buy-back process;
Checks payable to the University or University Bookstore from Follett for online sales of textbooks (McHaney).
The total of these missing funds amounted to $1,324,280.68, but the net amount of missing funds was $1,210,701.18 after the internal audit team discovered the cash in Brixey’s desk (McHaney).
Most of the money that Brixey stole was through the textbook buy-back programs conducted on campus twice a year at the end of each fall and spring semester and the sale of wholesale textbooks to textbook companies. The University would bring in an outside company, Follett Educational Services, to operate the buy-back programs. Brixey was in charge of handling all interactions with Follett. At the end of each buyback period, a Follett representative would write a commission check to the University for allowing them to conduct the program on campus. The check was given directly to Brixey, and he would then take the check to the Bursar’s Office to be cashed, claiming that he needed the cash in order to pay students for textbooks (“Former Bookstore Manager Sentenced…”). The Bursar’s Office took Brixey’s word and did not question him whenever he cashed the checks. The bookstore would also sell textbooks to Follett that were no longer used by professors; the University would receive a check from Follett for these textbooks and Brixey would go cash these in the same manner as he did the commission checks. During the last two years that Brixey was the director, the Follett representative had started paying the University in cash instead of writing a check. The total of the missing funds for the buy-back process amounted to $275,555.64, and the total of missing funds for the sale of wholesale textbooks to textbook companies was $645,732.71.
The checks payable to the University for the Athletics Department owned textbooks were also given to Brixey. Brixey never accounted for the checks, and never transferred the funds to the Athletics Department either. The total of the missing funds to the Athletics Department was $385,294.
The rest of the missing funds were from Follett checks that were for shared expenses amounting to $5,155.03, and for the online sales of textbooks totaling $12,543.30.
After Brixey cashed the checks or received the checks he failed to record these transactions in the University’s accounting system; he would keep the cash from the checks and the cash from the Follett representative for his own personal use (“Former Bookstore Manager Sentenced…”).
Solving the Problem
The disclosure of the fraud provided unwanted negative publicity for the university; along with the realization that the bookstore was financially vulnerable. The internal audit group at Missouri State University decided to extend their internal audit and prescribe additional controls that would help prevent this type of fraud from occurring in the future.
List and discuss some controls or policies that should have been in place over cash at the University Bookstore.... If someone could give me some ideas to discuss, that would be great!
In: Accounting
In February, a company wants to lock in the interest rate that will be earned for three months on a $9 million deposit to be made after seven months in September. The company decides to trade in Eurodollar futures and the September Eurodollar futures price is 98.50. Assume that in September the company closes out its position in the futures market when the LIBOR is 2.0% per annum and the futures price is 98.00. Assuming that the correct number of contracts were traded, what is the effective interest earned (in dollars) by the company on its deposit after taking into account the gain or loss in the futures market?
In: Finance
Explanation not needed
In: Economics
One of our topics this week involves looking at continuous distributions, and recognizing the "Normal distribution" bell curve when it appears. The text also covers other types of common distributions we see as well.
These have also been covered in The Lady Tasting Tea - and we've done a LOT of histograms in this class because of this very week. NOW you see why we take so much time in constructing those histograms - they can show us the distribution of a data set in an easy to recognize format.
For this week's Excel assignment, I'm going to let you use any of the data sets we have practiced with so far in class. They're all fair game from the gradesPreview the document data, to moviesPreview the document, basketball statsPreview the document, LMAS animalsPreview the document, etc.
Turn in an Excel spreadsheet with at least FOUR examples of distributions covered in the text this week. Show their histograms, and explain why you think they fit that particular distribution type. Also include the descriptive statistics that back up what you see from the graphs, and tell how they support that finding - because we can't always rely on visual analysis alone, of course!
Why not? See the link I have posted about The Datasaurus Dozen!
One of our topics this week involves looking at continuous distributions, and recognizing the "Normal distribution" bell curve when it appears. The text also covers other types of common distributions we see as well.
These have also been covered in The Lady Tasting Tea - and we've done a LOT of histograms in this class because of this very week. NOW you see why we take so much time in constructing those histograms - they can show us the distribution of a data set in an easy to recognize format.
For this week's Excel assignment, I'm going to let you use any of the data sets we have practiced with so far in class. They're all fair game from the gradesPreview the document data, to moviesPreview the document, basketball statsPreview the document, LMAS animalsPreview the document, etc.
Turn in an Excel spreadsheet with at least FOUR examples of distributions covered in the text this week. Show their histograms, and explain why you think they fit that particular distribution type. Also include the descriptive statistics that back up what you see from the graphs, and tell how they support that finding - because we can't always rely on visual analysis alone, of course!
Why not? See the link I have posted about The Datasaurus Dozen!
Data from
Indiana Colleges
Name of Institution Graduation Rate (%)
Salary After Attending ($) Number of
Students Typical Total Debt ($) Average
Annual Cost ($)
Ancilla College 0.24 29200
398 20000 16395
Anderson University 0.57 35900
1862 27999 22654
Ball State University 0.58
39000 15985 25000 15294
Bethel College 0.63 36500
1579 21884 17730
Brown Mackie College - Fort Wayne 0.37
25200 659 21599 19133
Brown Mackie College - Merrillville 0.43
25200 619 21599 18575
Brown Mackie College - Michigan City 0.32
25200 290 21599 19178
Brown Mackie College - South Bend 0.38
25200 423 21599 19230
Butler University 0.73 52400
3998 26600 29103
Calumet College of St. Joseph 0.32
37200 988 24224 11517
College of Court Reporting Inc 0.31
23300 252 0 21106
Crossroads Bible College 0.61
26800 219 26951 15438
Depauw University 0.78 47800
2272 24500 22171
Earlham College 0.71 32300
1016 27000 19414
Franklin College 0.59 41000
969 27000 20438
Goshen College 0.71 36300
778 20857 19001
Grace College and Theological Seminary 0.6
33200 1286 22700 15799
Hanover College 0.69 44400
1159 27000 21002
Harrison College - Indianapolis 0.31
24700 3726 27167 19196
Holy Cross College 0.39 36300
490 25000 17637
Hunigton University 0.61 35500
1030 27000 19192
Indiana Institue of Technology 0.31
41100 5670 28744 21940
Indiana State University 0.43
36000 10173 24193 11864
Indiana University - Bloomington 0.76
45300 31984 23628 14174
Indiana University - East 0.25
29100 3132 23388 9011
Indiana University - Kokomo 0.25
33600 2708 19500 10921
Indiana University - Northwest 0.24
35900 4764 29037 13211
Indiana University - South Bend 0.25
33800 5538 25724 12068
Indiana University - Southeast 0.29
34000 5699 22915 11550
Indiana Wesleyan University 0.65
46000 10625 24807 25340
International Business College - Fort Wayne
0.73 27200 406
13625 17673
International Business College - Indianapolis
0.73 27200 399
13625 16346
IPFW 0.25 35900
9795 26000 14337
ITT Technical Institute - Fort Wayne 0.34
38400 283 25834 22119
ITT Technical Institute - Indianapolis 0.19
38400 4296 25834 23589
ITT Technical Institute - Newburgh 0.35
38400 295 25834 23921
IUPUI 0.4 39100
21569 25388 14666
Manchester University 0.53
38000 1188 27000 20151
Martin University 0.56 40400
2054 30090 19459
MedTech College - Fort Wayne 0.67
29300 357 20000 21736
MedTech College - Greenwood 0.5
29300 551 20000 21921
MedTech College - Indianapolis 0.5
29300 603 20000 21836
Mid-America College of Funeral Service 0.69
35400 63 17000 7585
Oakland City University 0.67
33700 587 17000 15629
Purdue University 0.7 52600
30167 23766 15543
Purdue University - Calumet 0.3
38100 7466 22781 12007
Purdue University - North Central 0.25
35200 3514 26000 9850
Rose-Hulman University 0.75
78900 2165 27000 33087
Saint Joesphs College 0.47
39800 1096 27000 25255
Saint Mary-of-the-Woods College 0.61
30200 630 27000 16466
Saint Mary's College 0.74 45600
1470 27000 24319
Taylor University 0.76 38600
1873 24713 19696
The Art Institute of Indianapolis 0.23
25200 862 21599 26323
Trine University 0.052 42600
1431 26063 21183
University of Evansville 0.66
40000 2373 26000 20396
University of Indianapolis 0.56
41600 4108 27450 22293
University of Notre Dame 0.95
69400 8466 21000 27845
University of Phoenix - Indianapolis 0.12
53400 338 35500 18704
University of Saint Francis 0.52
40000 1878 26000 16809
University of Southern Indiana 0.39
35500 8764 23275 14098
Valparasio University 0.72
48100 3209 27000 19952
Vincennes University 0.26 32200
8313 15599 10694
Wabash College 0.71 49900
896 23000 22723
In: Statistics and Probability
For the next three years MBA Inc. is expected to pay $1.50, $2.00 and $2.50 in dividends and after that dividends will grow at the rate of 4% in perpetuity. The required rate of return is 12%. Assuming the first dividend will be paid in exactly one year, the intrinsic value of MBA shares is
A. $28.96
B. $38.50
C. $25.37
D. $27.85
In: Finance