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

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."

Problem 3 Special order

Oliver is currently selling 9,800 units and their maximum capacity is 10,000. The normal selling price is $250, variable manufacturing costs are $125 and the normal sales commission is 10% of selling price. Fixed costs are $500,000. They are approached regarding a special order for 200 units at a price of $155. None of their current customers will be affected and the sales commission will be 10% of the sales price. What effect will this have on income?

Now suppose the company policy is that the sales commission on a special order is a flat $2,000 but a special machine must be rented at a cost of $3,000 per year and the offered price is $135. What effect would this have on income?

Finally, suppose the original facts but the current demand is 9,700 and the order is 400 or nothing. What is the effect on income?

Question 3 - Week 11 The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibility. [Word limit 150-200 words] b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain. [Word limit 200 – 250]

1-________ is a perception of marketplace needs and the methods an organization can use to satisfy them.

Group of answer choices

A-The organizing function

B-Vision

C-Strategic Management

D-Strategic Planning

2-In a traditional performance review, an employee's review is conducted by ________.

Group of answer choices

A-the firm's CEO

B-customers

C-his or her supervisor

D-his or her co-workers

3-Once a manager has determined the problem or opportunity, the next step in the decision-making process is to _____.

Group of answer choices

A-create a contingency plan

B-recognize the strengths

C-identify the threats

D-develop possible courses of action

4- Tactical planning guides the current and near-term activities required to implement company-wide strategies.

Group of answer choices

True

False

1.

Which of the following is not a stakeholder in a business?

2.

Which of the following does NOT describe managerial accounting?

3.

Jones company makes two products A & B. Here is some financial information about those products.

                         A    B     Combined total cost of cost drivers

Direct labor    $45,000 $35,000

Direct materials              $40,000 $30,000

Cost drivers

               Set ups 6    4 $10,000

             Inspections    4    6 $5,000

                 Test Runs 12     8 $25,000

                 Units produced    1000 1000

Using ABC Costing for overhead, what is the total cost for product A?

A car saleswoman has worked for the same car sales company for many years. Based on her track record, her selling prices of cars can be modelled by a normal distribution with mean $12,000AUD with standard deviation $2,000AUD. (a.) What is the probability that the car saleswoman sells a car that is more expensive than $13,500AUD? (b.) During a given month, 14 customers buy a car from her. What is the probability that at least 3 of them bought a car that is cheaper than $13,500AUD? Carefully state the assumptions of your solution. (c.) The car saleswoman has a bonus plan that entitles her to a bonus if she sells 4 cars that each costs $13,500AUD or more during a month. What is the probability that she receives the bonus when the 8th car of the month is sold?

A car saleswoman has worked for the same car sales company for many years. Based on her track record, her selling prices of cars can be modelled by a normal distribution with mean $12,000AUD with standard deviation $2,000AUD. (a.) What is the probability that the car saleswoman sells a car that is more expensive than $13,500AUD? (b.) During a given month, 14 customers buy a car from her. What is the probability that at least 3 of them bought a car that is cheaper than $13,500AUD? Carefully state the assumptions of your solution. (c.) The car saleswoman has a bonus plan that entitles her to a bonus if she sells 4 cars that each costs $13,500AUD or more during a month. What is the probability that she receives the bonus when the 8th car of the month is sold?

MK 332 Homework April 1, 2020

Q2. A company wants to know how long newly hired MBAs remain on their first jobs. A sample of 17 MBAs has an average of 3 years, with a standard deviation of 2. Create a Confidence Interval with Confidence level of 95%. Interpret.

Q1. A Pizza Hut store manager believes that the average number of customers who return a pizza or ask for a refund is 20 per day. The store records the number of returns and exchanges for the 25 days it was open during a given month. Are the returns different than 20 per day?

Sample mean= 25, s=5, n=25. Test at α = .01.

H0: µ = 20

H1: µ ≠ 20

Test by both methods, interpret and conclude.