Questions
Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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:

  1. Wolf Plc acquired 84,000 ordinary shares in Wolf on 31 March 2017. They also acquired 15% of the preference shares.

  1. At the date of acquisition, the retained earnings of Wolf plc were £205,000.

  1. During the year, Bear sold goods to Wolf for £10,400 which included a mark-up on cost of 30%. At the end of the year, 50% of this stock was still held by Wolf plc.

  1. At the date of acquisition, the land and buildings of Wolf plc had a fair value of £50,000 more than their book value. This fair value increase has not been incorporated into the statement of financial position for Wolf plc. Land accounts for 20% of this amount. Wolf acquired the building on 1 April 2012. The group policy is to depreciate buildings over a period of 50 years.
  1. Wolf spent £42,000 on developing a new and innovative product. Wolf’s policy is to expense development costs, however, it is Bear’s policy to capitalise development costs (i.e. treat it as an asset). The following provides a breakdown of expenditure by Wolf:

Development costs up to 31 March 2017     £32,000

Development costs after 31 March 2017     £10,000

  1. On the 31March 2020, an impairment test was carried out on the goodwill arising from the acquisition of Wolf plc. The report indicated that the goodwill needs to be written down by £10,000.

  1. Wolf declared a dividend to its ordinary shareholders on 15 March 2020 which remained unpaid by 31 March 2020. Bear has not accounted for this income in their financial statements.
  1. Prepare the consolidation schedule for Wolf plc at 31 March 2020.

                                                                                          

  1. Calculate the equity and non-controlling interest that will appear in the consolidated statement of financial position for the Bear Group plc at 31 March 2020.

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