Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows. Undergraduate Major Business Engineering Other Totals Intended Enrollment Status Full-Time 371 197 251 819 Part-Time 150 161 194 505 Totals 521 358 445 1,324 If required, round your answers to four decimal places. (a) Develop a joint probability table for these data. Undergraduate Major Business Engineering Other Totals Intended Enrollment Status Full-Time Part-Time Totals (b) Use the marginal probabilities of undergraduate major (business, engineering, or other) to comment on which undergraduate major produces the most potential MBA students. P(B) = , P(E) = , and P(O) = , so business is the undergraduate major that produces the most potential MBA students. (c) If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate engineering major? P (Engineering | Full-Time) = (d) If a student was an undergraduate business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree? P (Full-Time | Business) = (e) Let F denote the event that the student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate business major. Are events F and B independent?
In: Statistics and Probability
Articulates own recommendations back to the leader. Provides examples from any interview. ( 500 - 1000 words)
In: Psychology
on April 1 2018, company sold 10,000 bonds ($1,000 face value) at 11% semi-annually. they are due April 1 2028.
proceeds from the bonds were 9,156,946 and their coupon dates are april 1 and october 1
on april 1 2020 , the company bough back 6,000 bonds for 5,331,000 cash.
- prepare journal entries for the bonds from sale (april 1, 2018 to the end of year 2020 (12/31/20)
- what are the 12/31/20 balances in the related bonds, discount, and interest payable (from T accounts)
- what amounts related to the bonds will appear in the income statement for 2020 and how will they be reported/classified?
In: Accounting
A UK company is opening a store in the US and needs 390$ investment. Currently exchange rate in the UK is 8.5% and Exchange Rate is 1.6 $/£. Company wants to avoid exchange rate exposure by raising loan from the US. In order to get a favorable term from the US banks, UK company enters a swap with a US firm which also needs financing in UK. According to terms, US company raised 390$ financing from a US bank at a fixed interest rate of 3.5% and is payable in 3 years. Interest Payments are semi-annual.
Zero Rates in the UK and the USA are provided in the below table:
|
Payment |
Zero Rate UK |
Zero Rate US |
|
1 |
0.95 |
0.94 |
|
2 |
0.94 |
0.91 |
|
3 |
0.92 |
0.9 |
|
4 |
0.9 |
0.88 |
|
5 |
0.89 |
0.85 |
|
6 |
0.88 |
0.82 |
|
In the below, prepare payment schedule for the UK firm and calculate the present values using Zero Rates. |
|||
|
Payment |
UK Pays |
Zero Rate |
Present Value |
|
1 |
Answer |
Answer |
Answer |
|
2 |
Answer |
Answer |
Answer |
|
3 |
Answer |
Answer |
Answer |
|
4 |
Answer |
Answer |
Answer |
|
5 |
Answer |
Answer |
Answer |
|
6 |
Answer |
Answer |
Answer |
|
Total |
Answer |
||
|
In the below, prepare payment schedule for the US firm and calculate the present values using Zero Rates. |
|||
|
Payment |
US Pays |
Zero Rate |
Present Value |
|
1 |
Answer |
Answer |
Answer |
|
2 |
Answer |
Answer |
Answer |
|
3 |
Answer |
Answer |
Answer |
|
4 |
Answer |
Answer |
Answer |
|
5 |
Answer |
Answer |
Answer |
|
6 |
Answer |
Answer |
Answer |
|
Total |
Answer |
||
|
Value of Swap |
|||
|
Dollar Value of UK payments |
Answer |
||
|
Dollar Value of US payments |
Answer |
||
|
Net Value of Swap (UK payments - US payments) |
Answer |
||
|
Who must pay to whom? |
AnswerUK Firm Pays to US FirmUS Firm Pays to UK Firm |
||
In: Finance
Many part-time or evening MBA students have their tuition paid for by their employer. Is an MBA education firm-specific or general training? Given your answer, how do you explain this practice? What arrangements or contractual terms do you predict that such firms will try to impose in these cases?
In: Economics
Training and Development assignment.
Describe the usage of Computer Based Training (CBT) in McDonald's Company training programs.
Format
A i. McDonald's Company Background (Founder, date of establishment and number of franchisers)
ii. Discuss on the blending of Computer Based Training (CBT) with other training methods
iii. Explain the types of Computer Based Training (CBT) such as Program Instruction, Intelligent Tutoring Systems, Interactive Multimedia and Virtual Reality and give some examples.
In: Operations Management
Oakville Corp. incurred the following costs during 2020 in connection with its research and development phase activities:
| Cost of equipment acquired for use in research and development projects over the next 5 years (straight-line depreciation used) | $232,000 | |
| Materials consumed in research projects | 64,900 | |
| Materials consumed in the development of a product committed for manufacturing in the first quarter 2021 | 30,800 | |
| Consulting fees paid in the last quarter of 2020 to outsiders for research and development projects, including $4,500 for advice related to the $30,800 of materials used above | 94,000 | |
| Personnel costs of persons involved in research and development projects | 109,600 | |
| Indirect costs reasonably allocated to research and development projects | 25,700 | |
| General borrowing costs on the company’s line of credit | 13,800 | |
| Training costs for a new customer service software program | 20,700 |
(a)
Calculate the amount to be reported as research and development
expense by Oakville on its income statement for 2020. Assume the
equipment is purchased at the beginning of the year. Assume the
company follows IFRS for financial reporting purposes.
| Amount to be reported as research and development expense | $enter a dollar amount to be reported as research and development expense |
In: Accounting
Question 3 (Total 6 marks)
Biogen Pharmaceutical Ltd is a large pharmaceutical company based in Australia. During the year ending 30 June 2020, Biogen Pharmaceutical Ltd purchased two electronic databases containing scientific data related to respiratory drugs. Database A was acquired for $1,000,000 and contains data that is copyright protected. Database B was acquired for $800,000 and contains data that is not copyright protected. Required
(a) Explain whether Database A and Database B satisfy:
(i) The definition of an intangible asset in accordance with AASB 138 Intangible Assets, and
(ii) The recognition criteria for an intangible asset in accordance with AASB 138 Intangible Assets.
(b) If both databases were recognised by Biogen Pharmaceutical Ltd as intangible assets, explain:
(i) How the databases would be measured on initial recognition and subsequent to initial recognition, and
(ii) Whether the useful life of the databases would be assessed as finite or indefinite.
important: The relevant requirements of AASB 138 Intangible Assets have been appropriately applied and particularly explained.
.
In: Accounting
I need two situational interview questions for a clinical coding specialist. I need two behavioral interview questions for a clinical coding specialist. I need two job knowledge interview questions for a clinical coding specialist. I need two work requirement interview questions for a clinical coding specialist.
In: Operations Management
You work for a large accounting firm KMPG as a Senior Accountant. Your client Bear plc acquired shares in Wolf plc several years back and you are responsible for the preparation of the year end work.
The following are the Statements of financial position for Bear plc and Wolf plc as at 31 March 2020, together with the additional information provided below.
|
Bear plc |
Wolf plc |
||
|
£ |
£ |
||
|
Non-Current Assets |
|||
|
Land and buildings |
975,000 |
220,000 |
|
|
Plant and equipment |
245,000 |
75,000 |
|
|
Fixtures and fittings |
375,000 |
54,500 |
|
|
Intangibles: Development costs |
30,000 |
||
|
Investment in Wolf plc |
350,000 |
||
|
Total Non-Current Assets |
1,975,000 |
349,500 |
|
|
Current Assets |
|||
|
Inventory |
625,000 |
165,000 |
|
|
Trade and other receivables |
105,000 |
76,450 |
|
|
Cash and cash equivalents |
65,200 |
24,500 |
|
|
Total Current Assets |
795,200 |
265,950 |
|
|
Total Assets |
2,770,200 |
615,450 |
|
|
Equity |
|||
|
Ordinary shares (£1) |
700,000 |
120,000 |
|
|
Preference shares (£1) |
300,000 |
30,000 |
|
|
Retained earnings |
1,427,750 |
335,000 |
|
|
Total Equity |
2,427,750 |
485,000 |
|
|
Current Liabilities |
|||
|
Trade payables |
105,000 |
42,500 |
|
|
Taxation |
82,450 |
33,450 |
|
|
Dividends |
95,000 |
32,000 |
|
|
Total Current Liabilities |
282,450 |
107,950 |
|
|
Non-Current Liabilities |
|||
|
Bank Loan |
60,000 |
22,500 |
|
|
Total Non-Current Liabilities |
60,000 |
22,500 |
|
|
Total Equity and Liabilities |
2,770,200 |
615,450 |
|
Notes to the above financial statements:
Development costs up to 31 March 2017 £32,000
Development costs after 31 March 2017 £10,000
c. Prepare a memorandum for the attention of the financial director of Bear Plc explaining why consolidated accounts are necessary and what are the criteria regarding exemption and exclusion from preparing consolidated accounts.
d. Prepare a memorandum for the financial director of Bear plc explaining the limitations of group accounts.
In: Accounting