Imagine this is your first day as Senior Chief Information Security Officer (CISO) of Company A. The Chief Financial Officer (CFO) calls you wondering what should have been done differently during a recent incident involving your predecessor. The following incidents recently occurred and were closed out without any alert to senior staff or the CFO.

The Chief Financial Officer’s admin reported that their laptops were performing erratically and many popup screens kept appearing while browsing the Internet. Upon inspection, it was found that the laptops were infected with malware and computer viruses. As the users were the CFO’s direct subordinates, the service desk decided to respond quickly. However, the service desk did not report the incident up the chain. As soon as the malware was removed, the service desk closed the ticket.

Based on the above information, respond to the following questions:

• What policies or procedures appear to be missing or are not being followed?
• What management style or styles should the CISO adopt in dealing with the service desk?
• How would you recommend the organization to respond to similar incidents in the future?

The top executives of PGH Company ask for your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods.

The accounting records for the year 2020 show the following:

Sold 98,000 units during the year generating total sales revenue of: $750,000

Total Operating Expenses: $124,000

Income Tax Rate is 28% (hint: you must calculate income tax expense)

Beginning Inventory, January 1 (10,000 units) $35,000

Units purchased during the year:

May 10 - 35,000 units at $3.70

August 15 - 60,000 units at $3.90

November 20 - 25,000 units at $4.20

Instructions: Cut and paste questions 1 - 4 in your window and complete the requirements below. Make sure your answers are clearly marked in your solution and show your work in order to receive credit. Add more space as necessary to include your work. Hint: Before you start, calculate number of units available for sale and cost of units available for sale.

1. Calculate Cost of Goods Sold under FIFO and LIFO. Clearly label your answer (as shown below) in your solution and show all supporting work below your answer.

a. FIFO COST OF GOODS SOLD   (fill in answer)

Show all work to support answer here:

b. LIFO COST OF GOODS SOLD                                                   (fill in answer)

Show all work to support answer here:

2. Calculate Ending Inventory under FIFO and LIFO (show all work below)

a. FIFO ENDING INVENTORY                                                        (fill in answer)

Show all work to support answer here:

b. LIFO ENDING INVENTORY                                                         (fill in answer)

Show all work to support answer here:

3. Instructions: Cut and paste this table into your window and complete it as directed here. Prepare comparative condensed income statements for 2020 under FIFO and LIFO using the answers you obtained in [1a] and [1b] and the data provided for PGH Company above.

4. Answer the following questions:

4a. Which inventory cost flow method produces the ending inventory amount that most closely approximates the amount that would have to be paid to replace the inventory?

      Answer:                                                    

4b. Which inventory cost flow method is most likely to approximate the actual physical flow of the goods?

      Answer:                                                    

4c. Which inventory cost flow method produces the net income amount that is more likely an indicator of next period’s net income?

      Answer:                                                    

Amar Ltd furnishes the following information relating to budgeted sales and actual sales for the month of March 2010.

calculate :

(a) Sales price variance

(b) Sales volume variance

(c) Sales mix variance

(d) Sales quantity variance

In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank”) was signed into federal law. Under this Act, whistleblowers that bring violations of securities & commodities law, or the Foreign Corrupt Practices Act (FCPA) to the attention of the proper government authorities are entitled to between 10% to 30% of any government recovery in excess of $1 million. Do you believe it is appropriate/ethical for the government to incentivize reporting fraud and other wrongdoings in return for a monetary reward?

How much energy is required to change a 52 g ice cube from ice at −9 ◦C to steam at 106◦C? The specific heat of ice is 2090 J/kg · ◦ C and of water 4186 J/kg · ◦ C. The latent heat of fusion of water is 3.33 × 105 J/kg, its latent heat of vaporization is 2.26 × 106 J/kg, and the specific heat of steam is 2010 J/kg · ◦ C. Answer in units of MJ.

How's the economy? A pollster wants to construct a 99.5% confidence interval for the proportion of adults who believe that economic conditions are getting better.

(a) A poll taken in July 2010 estimates this proportion to be 0.3 Using this estimate, what sample size is needed so that the confidence interval will have a margin of error of 0.02?

B. Estimate the sample size needed if no estimate of p is available.

(d) Make forecasts using the following fitted trend models for years 2017-2019. (Round your answers to the nearest whole number.)

You have owned the following two stocks over the past 5 years

a. What is the standard deviation of a portfolio's return in which 50% of your portfolio is in each stock? ( Hint: Calculate the holding period return first)

Please show all work and finance formulas.

(d) Make forecasts using the following fitted trend models for years 2017-2019. (Round your answers to the nearest whole number.)