Sweets R Us Pty Ltd. is a large confectionary company that manufactures a range of standard sweet products and some specialty products for the Australian market. Most of the company’s production is in standard chocolate goods and they offer personalised packaging for promotional or fundraising purposes. They also provide uniquely moulded and decorated chocolate items for special events such as grand finals. You have been allocated the role of assessing the controls in the Purchases, Accounts Payable and Payments system, and have obtained the following details:

Raw material ordering process

1. To maintain and control product quality a limited number of trusted suppliers are used.
2. The production manager oversees raw material inventory. Orders are placed based on current production orders and quantities of raw material currently on hand with next day delivery where possible.
3. No formal purchase order system is used.

Raw material warehousing procedures

1. The warehouse personnel are trusted, long-term employees.
2. One of the warehousing staff ensures that all goods received, primarily raw materials, are in good order and signs the couriers’ delivery dockets in acknowledgment of materials received.
3. Movement of in and out of the warehouse is not recorded, but the production manager monitors stock levels and movements daily.

Note: Finished goods are warehoused in a separate secured area that only the production manager and his assistant have access to.

1. Identifies and explains t (5) control weaknesses associated with the purchases and accounts payable outlined above.
2. Identifies and explains the account balance assertions for raw material inventory and accounts payable that are most impacted by control weaknesses.
3. Recommends and justifies a control improvement for each of the weaknesses identified in requirement one.

ABC company which is based in the US,sells product X and has reported a revenue of $1,925,000 and a gross income ( profit before tax) of $50,000. answer the questions below .

1. what is the cost of the revenue ?

2. what is the gross profit margin?

3. suppose the company is in the 20% tax bracket,what is the net income?

4.what is the net profit margin

5. compare the gross and net profit margins,what do they tell you? a brief answer

6.if the company sells product x for $150 per unit,in which the variable costs per unit is $90,what is the contribution margin and what is the contribution margin ratio?

7. suppose that the fixed costs in producing product x is $720,000, calculate the breakeven point( in dollars and in units)

8.plot a break-even graph highlighting the break-even point,revenue,total costs,overall variable costs and fixed costs?

note : number 1 - 4 have been answered

Using rscript

Let us assume that the credit rating of a company determines yield to maturity (YTM) of the bond. This leaves you now with three different YTM: 2% for AAA, 4% for AA, 8% for others. You want to run the following commends. If the credit rating is AAA, print “YTM of the bond is 2%.” If the credit rating is AA, print “YTM of the bond is 4%.” If the credit rating is neither AAA nor AA, print “YTM of the bond is 8%.” Somebody already wrote the following code for you, and you have to complete the next lines. bond.rating <- "A" a) To run the commends above, use if....else statement. b) To run the commends above, use if....else if statement.

A US airline company will purchase 400,000 gallons of jet fuel after one month and the company wants to

do cross hedging using heating oil futures. The standard deviation of monthly changes in the spot price of

jet fuel is (in cents per gallon) 300; the standard deviation of monthly changes in the futures price for the

heating oil futures contract is (in cents per gallon) 407. The coefficient of correlation between the jet fuel

price changes and the futures price changes is 0.75. Each heating oil futures contract is for delivery of 2,000

gallons of heating oil. The current spot price of jet fuel is $1.55 per gallon and the futures price of heating oil is

$1.97 per gallon. What is the optimal number of contracts with tailing adjustment?

Question 2Part (a)Consider a firm called Health-R-Us that is a monopoly. How does Health-R-Usdecide the price to charge and quantity to sell off the good it has a monopoly on? Illustrate your answer using a fully labelled and explained market diagram. Assume Health-R-Us is making monopoly profits and illustrate these on the same diagram. In addition, indicate the area on your diagram that illustrates the efficiency cost (the deadweight loss) of the monopoly, and explain why this deadweight loss arises.

Part (b)Assume Health-R-Usis a legal monopoly: it is monopoly due to legal protection from the government in the form of a patent issued to the company. Imagine that the government withdraws the legal protection for Health-R-Ussuch that the market becomes competitive. Will a typical individual firm in this competitive market make an economic profit in the long run? Why or why not? Use an appropriate firm-level diagram to illustrate and explain your answer

.Part (c)Your answers to parts 2a and 2b illustrated different levels of profit made by an individual firm in both a monopoly market structure and a competitive market structure respectively. In part 2a you also indicated the deadweight loss of a monopoly.

Assume now thatHealth-R-Ushas discovered a vaccine for coronavirus. Why might the government be willing to grant (and allow to remain in place) a patent to Health-R-Us, despite the deadweight loss and the ensuring monopoly profits caused by such a patent? Explain your answer. For simplicity assume the vaccine is only relevant for the domestic market (i.e., there is no global market for vaccines).

It is suggested that the average IQ of top civil servants, research scientists and professors is 140. Suppose that the standard deviation is 5.
a. Suppose a full professor from a Canadian university is selected at random. What is the probability that the IQ of the selected Canadian professor is below 130? State any necessary assumptions you have made to compute this probability.

b. Suppose that the assumption(s) made in part a was not justifiable. A researcher decided to take a random sample of 81 full professors from the Canadian University system.

i. What is the sampling distribution of the sample mean ¯ x ? Explain.

ii. Find the mean and standard deviation of the sampling distribution of ¯ x.

iii. What is the probability that the sample average of this sample is less than 130? Compare your answer with the answer given in a. Summarize your findings.

iv. Will the probability in (iii) change if you change the wording from “less than” to “less than or equal to”? Why or why not?

v. Can you compute the probability that the sample average IQ is exactly 135? Justify your answer.

vi. If the sample mean ¯ x is actually actually 130, what can be said about the claim that µ = 140.

vii. What is the probability that the sample mean differs from the population mean by more than 2?

viii. Within what limits do you expect the sample average to be with the probability 0.95?

This annual figure from #3 ($16,509.66) is more than the Prof.’s current annual contribution, which makes her feel a little anxious about her future planned retirement. Also, Prof. Business’ annual retirement account contribution is based on a percentage of her salary and will increase as her salary increases. So, let’s re-plan her retirement income. Let’s account for the fact that her and the University’s contributions to Prof. Business’ University retirement plan are based on a certain percentage of her salary and will increase as her salary increases. Based on this formula, her first upcoming end of the year deposit will be $20,200 and let’s assume that her annual deposit and salary will grow at a 2% annual rate over the remaining 7 years (8 total deposits) to Prof. Business’ retirement. These deposits are in addition to the $640,000 she currently has today in the University retirement plan. The Rate of Return is 7.50%. Answer the following based on these assumptions using Excel.

a) How much money will Prof. Business have in her retirement account immediately after her last deposit 8 years from today?

b) What would be the equal annual payment from her 20-year retirement annuity whose first payment occurs exactly 8 years from today?

What are the three biggest e-marketing challenges that businesses face today. You can either take this from the approach of business operations as of March 1, 2020, or the present date.

You’ve just been called for an interview for an executive position at HLT Co. A member of the panel asked you the following question:

You are the Chief Executive Officer for HLT Co. Your chief financial office (CFO) and Controller are not in agreement regarding an expenditure of $750,000. The CFO wants to capitalize it while the controller is arguing that it should be expensed. Assume that chief officers are paid a bonus based on reported income from operations and also offered stock options whereas the controller is paid a fixed salary.

1)Explain to your CFO & controller the grounds upon which an item is capitalized or not?

2)What would be the impact on financial statements of “capitalizing” versus “expensing” the above expenditure?

3)Why might the CFO favor capitalization over expensing?

4)Which one you might favor?

1. What is the first step of the programming process?

Select one:

a. Survey, interview, or observe employees to determine needs.

b. Define the scope, goals, or success criteria for the programming.

c. Obtain approval to perform programming from sponsors.

d. Set a schedule and deadlines for programming tasks.

2. A statement of requirements _____.

Select one:

a. for design is an internally produced space planning and relocation forecast.

b. lists alternative options for enacting the goals of the strategic facility plan.

c. primarily expresses how to fulfill forecasted system needs.

d. primarily expresses vision statement goals that are a type of stretch goal.

3. What technique is used in goal setting and applies multiple factors to assess project feasibility?

Select one:

a. Statement of requirements

b. Project objectives statement

c. Adjacency diagram

d. SMART concept

4. How does programming differ from needs analysis?

Select one:

a. Programming involves analyzing business processes, whereas needs analysis is focused on the physical requirements of users.

b. Programming is focused on user needs, whereas needs analysis involves analyzing business processes.

c. Programming determines the feasibility of a project, whereas needs analysis is focused on user needs.

d. Programming and needs analysis are the same.

5. In what phase are a project's end results defined?

Select one:

a. Monitor

b. Execute

c. Initiate

d. Plan

6. The project manager’s primary role in regards to permits for a construction project is ________.

Select one:

a. coordination to ensure that they are initiated soon enough to prevent delays or require corrections (gg)

b. getting the general contractor to issue a certificate of occupancy

c. applying for and obtaining the building permit

d. specifying the codes that must be followed

7. What is the next step once you know a project is feasible?

Select one:

a. Define the parameters, assumptions, risks, and constraints for the project.

b. Define the scope and intended use of the project deliverables.

c. Define and document the success criteria.

d. Define the stakeholders in the project and their aims/requirements.

8. Which of the following statements regarding the project triangle is false?

Select one:

a. It demonstrates how the constraints on a project's purpose are interdependent and affect feasibility.

b. It can be used to measure the practicality of a purpose.

c. It demonstrates how changes to one constraint affect the other constraints and overall quality.

d. It can be used to show how budget, schedule and scope do not affect quality of work.