The article “Solid-Phase Chemical Fractionation of Selected Trace Metals in Some Northern Kentucky Soils” (A. Karathanasis and J. Pils, Soil and Sediment Contamination, 2005:293-308) reports that in a sample of 26 soil specimens taken in a region of northern Kentucky, the average concentration of chromium (Cr) in mg/kg was 20.75 with a standard deviation of 3.93.

a. Can you conclude that the mean concentration of Cr is greater than 20 mg/kg?

b. Can you conclude that the mean concentration of Cr is less than 25 mg/kg?

These questions refer paper of "Mechanisms of haploinsufficiency revealed by genome-wide profiling in yeast(Deutschbauer et al., 2005)"

The yeast genome contains a single gene for ribosomal protein 24 of the 40S ribosome (gene is designated RPS24); it is located on chromosome IV. How many copies of this gene are present in:

A haploid yeast cell?  

A tetraploid yeast cell?

A diploid strain that is monosomic for chromosome IV?

A homozygous deletion strain that includes the entire RPS24 locus?  

A haploid strain in which the RPS24 gene contains a small deletion?

U.S. Treasury quotes as follows: U.S. Treasury quotes from the WSJ on Oct. 15, 2003:

a. What is the duration of the above Treasury note? Use the asked price to calculate the duration. Recall that Treasuries pay interest semiannually.

b. If yields increase by 10 basis points, what is the approximate price change on the $100,000 Treasury note? Use the duration approximation relationship. Briefly discuss.

Table 3.3 Educational parameters in the Green Valley City in a decade

(Number of students in each level)

(You need to change the table into a suitable graph/chart)

Convert the information shown into a (graph / chart) and write in each of them a text of approximately 150 words explaining the drawing

Gwen runs a company that provides corporate health and wellness
programs. One of her sales people signed a contract at the
beginning of the quarter for a very large client. It was a bundle
of services to be provided over the next year. The contract was for
$120,000, with equal payments at the beginning of each month
($10,000 per month). The new client is a very high profile and well
known company, so Gwen is very excited. This is the first bundled
contract that the company has sold and the salesperson felt like it
was a great deal. It starts with an intense bootcamp in the first
month for all employees. That will require a lot of work and Gwen
would normally charge $30,000 for the bootcamp. Each month
throughout the contract they will offer an & intensive
weekend& ; of workouts and diet advice. Gwen normally charges
$5,000 for each of these. They also will provide access to their
online program, which has activity and food logs as well as
preprogrammed exercise suggestions and a weekly inspirational
email. Gwen would normally charge a company of this size $15,000
for one year of access to the website. How much revenue should Gwen
recognize at the end of the first quarter (3 months into the deal)?

You are a newly appointed employee at Cumiciki Berhad as Senior Manager for Special Function in CEO Office. This company is generally based on healthy drink product. On the first day reporting to Chief Executive Officer (CEO), you are informed that the company experiencing decline in revenue. This is because of certain factors including domestic market has saturated. As part of your special task force, you are required to come out with analysis to identify what are the issues and to find a new market opportunity on the international market. Give some recommendations on the current problem and what kind of entry strategy to international market.

Your assignment should follow the guideline below:

1. Introduction [10 MARKS]

• - General idea about multinational corporation

• - How business in global market environment?

  2. Body [60 MARKS]

• - What do you understand by “Go global”?

• - Explain how globalisation impact on your company.

• - Elaborate about entry mode of your choice.

• - Describe about the challenges of multinational company in international

  market by using Porter’s Five Forces Model.

• - Recommend several strategies on how to compete at international level.

  3. Closing [10 MARKS]

  - Conclusion
  

You are a Logistics Manager at an e-Commerce retail company. Your company currently uses third-party delivery services to deliver products ordered through your website. While third-party services are reliable, they have limitations that are preventing your company from differentiating from other e-Commerce retailers. Therefore, you are contemplating that your company should start its own delivery service for delivering the most commonly ordered products. You have done all the analyses and are left with calculating the payback period of the investment before you present it to management. Typically, management has funded investments with a payback period between 3 – 4 years.

What is the payback period of this investment based on the information provided below? Will management invest in this project?

Note: Please show all calculations and use only the information provided in this problem. Do not include any external information.

The required investment for the service is $800,000. You are expecting an increase in monthly revenue of $30,000 for the next 5 years that is directly attributable to this service. You are also expecting incremental costs of $175,000 per year for the next five years.

The new revenue recognition standard issue by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will call for major changes in the way companies in the airline industry recognize revenue. Airlines may have to change how they account for loyalty status benefits, mileage credits, change fees, and breakage for tickets that expire unused. The American Institute of Certified Public Accountants (AICPA) has formed an airlines task force to address implementation issues of the new standard for the airline industry. Assume that you have been called upon to present an analysis of the impact of the new standard on Southwest Airlines.

Refer to Southwest’s (ticker symbol: LUV) current/most recent financial statements (10-K) and the accompanying notes to answer the following questions. The current/most recent financial statement can be found on https://www.sec.gov/edgar/searchedgar/companysearch.html. Search for the company in the ‘Fast Search’ box by using the ticker symbol provided above. In the list of results, find the latest filing labeled 10-K and select the ‘Documents’ link. On the next page, select the document of type ’10-K’ to open it.

1. For each of the following revenue categories, describe the current accounting, the likely changes (if any) that the new revenue recognition standard will require, and the potential impact of those changes on patterns of revenue recognition.

a) Flight Transportation (for tickets used and for ticket breakage)

b) Loyalty Program

c) Ancillary Services and Other Revenue

QUESTION 1

KataranaSdnBhd operates a business in the wholesale distribution of consumer products. You are one of the auditors attached to Vijay Salleh& Associates who has been appointed to audit KataranaSdnBhd's financial statements for the financial year ended 31 December 2018. Your team leader has assigned you to review the company's sales system. Your observations are as follows:

Sales Department

The sales department directly receives orders from both regular and new customers. For regular customers, Encik Faizal, who is the sales department assistant processes the order and immediately prepares the delivery order in four copies. The first copy is sent to the customer, second copy to the store, third copy to the accounts department and the fourth copy is retained in the sales department's file. For new customers, the sales manager grants the credit and processes the order after the approval by the higher management.

Warehousing Department

EncikKhairil is the only storekeeper handling the stores department. On receipt of the delivery order from the sales department, he makes the necessary arrangement to deliver the goods to the customers. He prepares the delivery notes in quadruplicate with the customer's details, quantity, specification and rates of the goods delivered. Goods will be delivered to the customers either at the stores or at their site based on the terms in the delivery order. The original copy of the delivery note is given to the customer at the time of delivery. The second copy is given to accounts department, third copy is sent to the sales department and the fourth copy is kept in the store's file.

Accounts Department

The accounts department is headed by Puan Amirah and assisted by a clerk, Encik Muthu and a cashier. On receipt of a copy of the delivery order and delivery note, Encik Muthu raises the invoice and forwards the original copy to the customer. The second copy is sent to the sales departrnent while the third copy is retained in his department's file. All cheques received by the company are handed over to the cashier who will issue serially numbered receipts and the cashier, then, deposits the cheques into the bank.

Encik Muthu, who maintains the sundry debtors' ledger, posts the transactions and prepares monthly schedules of outstanding debtors. If the customer delays payment or made short payment, he will write to them. If the short payment is due to shortage in supply or poor quality of product, Encik Muthu will credit the customer's account with suitable rebate or allowances. Encik Muthu also prepares the bank reconciliation statement once in every three months.

Required:

1. Identify any six (6) internal control weaknesses of the existing sales system of KataranaSdnBhd and describe the potential impact that could occur due to the weaknesses that have been identified.

              Present your answers in the following format:

2. Suggest three (3) improvements that can be made to the internal control system of KataranaSdnBhd that could prevent any potential irregularities in the company.

3. Differentiate between “Internal control’ and “test of control."