Week 4 Question 1: "Classify the following control activities as preventive, detective or corrective and explain your reasoning,

(a) Employees have a password to gain access to the system.

(b) When sales are entered, the system retrieves customer details based on the customer number.

(c) A check is performed to identify if all cheques can be accounted for.

(d) Systems development is subject to sign-off by the CIO before it can take place.

(e) Virus definitions are updated daily.

(f) The sales manager must approve all discounts for items sold below their sticker price."

Question 2: "For each of the following risks suggest a control that could be used to reduce it."

(a) Entering negative values for order quantity in a sales order

(b) Selling to a customer with an overdue account

(c) Ordering from a non-existent supplier

(d) Paying for goods that have not been received

(e) Entering an alphanumeric customer ID when the business policy is for numeric customer IDs

(f) Misappropriation of goods by receiving staff, who also maintain inventory records

(g) Ordering too much of a product"

WEEK 4

Question 1 Could you kindly reconsider your reasoning if you have classified the control activities as either detective or corrective?

Question 2 a) Have you considered range restrictions?

b) Would a credit check help? Can a credit hold help address this risk?

c) Would this risk be minimised if the orders were generated from a supplier master list? Would you consider independent maintenance of a supplier master list to be useful?

d) What needs to be matched prior to payment authorisation? Still unsure? Would the matching of the purchase order, receiving report and invoice be sufficient?

e) Would you specify filed content as 'alphanumeric' or 'numeric'? (Hint: Please refer to the business policy)

f) Have you considered the likelihood of misappropriation of goods when duties are separated between personnel?

g) Have you thought about the reasonableness test? Would the approval of quantities to be ordered help minimize the risk? Can ordering policies be useful in this scenario?

1. On January 1, 2014, Giamartino, Inc. issues a 4-year bond with a face value of $100,000. The semi-annual interest payments of $6,000 are due July 1 and January 1 of each year.

What is the present value of the bond on the date of issuance?

PROJECT 1: ETHICS AND CONFLICT QUESTION 4 (10) Explain the concept of tripartite relationships. Identify the parties of such a relationship for the municipality. Discuss how these parties balance the interest of each of the tripartite members, using an appropriate and recent example (ideally something that has been reported on in the media)

A father racing his son has 1/ 4 the kinetic energy of the son, who has 1/ 3 the mass of the father. The father speeds up by 1.4 m/s and then has the same kinetic energy as the son. What are the original speeds of (a) the father and (b) the son?

3-1 Looking back on 4 March 2008 when the interest rate was set at 7.25% by RBA (Reserve Bank Australia), however since then RBA gradually reduced the interest rate to its lowest 1% on 3 July 2019. Present an overview on the expectations or motivations behind such interest rate cut by RBA? (summary)

[Note: In the early 1990s the interest rate was 17.5%, you don’t need to go back such distant past, your analysis should focus between 2008 to 2019]

3-2 Identify the possible impact of interest rate cut on investments in the capital market in Australia.

[Note: Here you can investigate the differences in impact between debt instruments and equity instruments in the capital market, you can use table, chart, graph wherever you would find it appropriate]

3-3 Identify the possible impact of interest rate cut on the Real Estate market in Australia.

[Note: You can analyse the differences in impact between foreign sourced investment and local sourced investment in the Real Estate Market, you can use table, chart, graph wherever you would find it appropriate]

3-4 There are four countries (Japan, Sweden, Denmark and Switzerland) have negative interest rates. What could be the expectations/ motivations to drop interest rate below zero?

Could you please give me a quick summary of the solution to each question so that I may expand on this. It is for my current job.

1.Answer each of the following questions (4 POINT EACH)

A. Identify and briefly describe the five factors that make up the Big Five Model, and then identify the trait approach that this model falls within.

B. Explain each side of the Person-Situation Debate (i.e., provide the main argument from each side of the debate). Describe the interactionist point of view in this debate as well.

Question 1

(a) Elaborate on the FOUR (4) main functions of money. [16 marks]

(b) Elaborate on the TWO (2) main components of money based on the narrowest definition of money. [14 marks]

Question 2

(a) Explain on the impact of a drop in the discount rate on the supply of money in the market. [15 marks]

(b) Based on your answer above, select an economic problem where that impact would work and explain what happens.

[15 marks]

Write a C++ programs to:
1. Create a class called Student with four (4) private member variables, name (string), quiz, midterm, final (all
double type);
2. Include all necessary member functions for this class (at least 1 constructor, 1 get function, and 1 grading
function – see #6);
3. Declare three (3) objects of Student type (individual or array);
4. Read from the keyboard three (3) sets of values of name, quiz, midterm, final and assign them to each object;
5. Using the object’s member function to calculate the grade for each student (grade = quiz * 0.2 + midterm * 0.4 +
final * 0.4)
6. Display on the screen only the name of each student and the grade.

4. February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $102,000.  The dilapidated building that was on the property was demolished so that construction could begin on the new factory building. The new factory was completed on November 1, 2018. Costs incurred during this period were:

Using this information, how much should be recorded as the cost of the land?

5. On January 1, 2017, Frostburg Company purchased for $68,500, equipment having a service life of six years and an estimated residual value of $4,000. Frostburg has recorded depreciation of the equipment using the straight-line method. On December 31, 2019, before making any annual adjusting entries, the equipment was exchanged for new machinery having a fair value of $35,000. The transaction has commercial substance. Use this information to prepare all General Journal entries (without explanation) required to record the events for December 31, 2019.

4. Two carts collide and stick together in a lab experiment. Cart 1 has a mass of 550 g and a speed before the collision of 2.5 m/s. Cart 2 has a mass of 320 g and a speed of -4.1 m/s. Consider the 2 carts to be the system.

A. What is the total momentum of the system before the collision?

B. What is the velocity of the 2 carts after the collision?

C. If the collision takes 0.15s, what is the average force and acceleration experienced by each cart? Explain any differences between the answers for the 2 carts.

D. What speed would cart 2 need to have for the carts to be stationary after the collision?