A) Why US is having an import quota of sugar and what is its impact on US domestic production?

B) What is the impact of an import quota on the sugar price in US and why consumers are not opposing this?          

Explain in detail.  

You and your colleagues have been assigned to the audit of a private company, Rose Pty Limited, which operates a plant nursery with a turnover of $6 million a year. The total number of full-time employees working for the company is 16, together with between five to seven casual employees as and when required on weekends. The company is run by a husband and wife team who are the directors and shareholders and a full-time accounts clerk, Sofia, who is responsible for all accounting-related tasks including accounts receivable, inventory, payroll and accounts payable. All accounting functions are performed on a standalone personal computer (PC). The access to various applications is controlled by passwords. Sofia records passwords to each application in her top drawer. Backups for all applications are done on a regular basis, appropriately labelled and maintained in a ‘backup’ case next to the PC. The office of the company is located in a small office building inside the nursery which is well fenced. The company trades seven days a week, but Sofia only works Mondays to Fridays. The office is also used by various other members of the staff to process sales invoices and dispatch documents during the weekend. A monthly income statement and balance sheet are prepared as part of the roll-forward procedure. Monthly reconciliations are also prepared by Sofia for all balances on the balance sheet; however, the directors concentrate their review on the income statement. Required: (a) From the information above, identify FIVE significant internal control weaknesses. (b) For each weakness identified in (a) above, recommend a practical and effective internal control procedure that could be introduced to overcome this weakness.

Look at the data from Table C6-3 relating to group rentals.

-How many different samples of 3 are possible?

-List all possible samples of size 3, and compute the mean number of group rental

instances in each sample.

-Compare the mean of the distribution of sample means to the population mean.

Use MINITAB to solve the following:

Data were collected on the amount of free memory during peak usage times of the AIX system on a university campus. The unit used was real memory page (4096 bytes). Suppose that the free memory is normally distributed. Using a significance level of 0.02, is there evidence that the standard deviation in the population of free memory during peak usage time is different from 100?

Use MINITAB to solve the following:

Data were collected on the amount of free memory during peak usage times of the AIX system on a university campus. The unit used was real memory page (4096 bytes). Suppose that the free memory is normally distributed. Using a significance level of 0.02, is there evidence that the standard deviation in the population of free memory during peak usage time is different from 100?

On 31 October 2013, Josh borrowed money from his parents. He promised that he would repay the money on 31 October 2017, with interest at a nominal interest rate of 7% p.a., compounding quarterly. The total amount that he was due to pay his parents at that time was exactly $10,000 but he started his studies at university so he couldn’t afford to repay the loan. If interest continues to accrue, what amount must Josh pay on 31 October 2022 to fully pay off the loan?

Question 4: 10 marks, 10% of the subject. Use complete sentences. In your work as an accountant you advise a client, Avon Pty. Ltd. (Avon), on various matters. Avon entered into a $500,000 one year contract in June 2016 with Central Queensland University (a registered Research Service Provider) to undertake research and development for Avon. The contract was to run from July 2016 to June 2017. Avon wants your advice about tax offsets and how this expense could be treated by the ATO in the 2016-17 tax year.

An instructor is interested in assessing students' typing speed in the class. He knows that the average at the university is 49 word per minute (wpm) with a SD of 18 wpm. He collects data from 31 of his students.

a) What is the probability of the average typing speed being less than 49 wpm?
probability =  

b) What is the proability of the average typing speed being between 51 and 53 wpm?
probability =  

Note: Do NOT input probability responses as percentages; e.g., do NOT input 0.9194 as 91.94.

In the following Java class, what would the following createFromString(String string) and saveToString() methods return?

/**
* This class represents a DVD player to be rented.
*
* @author Franklin University
* @version 2.0
*/
public class DVDPlayer extends AbstractItem
{

/**
* Constructor for objects of class DVDPlayer.
*/
public DVDPlayer()
{
// No code needed
}

/**
* Creates a DVDPlayer from a string in the format
* id:desc:weeklyRate:rented
* @param string The string
* @return the new DVDPlayer
*/
public static DVDPlayer createFromString(String string) {
return null;
}

@Override
public String saveToString() {
return null;
}
}