This document contains a 10-question multiple choice exam on topics related to finance and accounting. The questions cover topics such as calculating net operating income, identifying types of mergers, evaluating compliance with the Sarbanes-Oxley Act, and calculating financial ratios. Correct answers are provided for each question.
Partnership revision questions ay 2014 2015JUMA BANANUKA
The practice questions will help the students of Makerere University (MUK & MUBS) to appreciate the theory underlying businesses in Uganda especially the partnership businesses.
This is Part 2 of a slide deck was presented by the University of Illinois Tax School in conjunction with a textbook entitled Limited Liability Companies: Electing Partnership vs. S Corporation Status. The presentation gives good background on various LLC topics (such as LLC formation, LLC operations, Distributions of an LLC, Sale of a Member Interest, Withdrawal of a Member, and Death of a Member). The textbook itself can be purchased at https://taxschool.illinois.edu/.
Online Assignment is a leading provider of homework help to students worldwide. We offer complete educational solutions for all students from K-12, college, graduation, university level and professional courses.
You can submit your homework and questions to Online Assignment and get speedy and cost effective solutions to your assignments. We provide 100% satisfaction guarantee with a commitment to complete your work within time. Combined with our rigorous work ethics and extensive domain experience, we are the ideal partner for all your assignments/homework needs.
We assist you with Homework Help, Assignment Help, Dissertation Help , Essay Help , Project Help, Online Tutoring , Thesis Help, Term Paper Help , freely accessible solution library and a lot more.
1. A company receives a note payable for $3,500 at 9 for 45 day.docxjackiewalcutt
1. A company receives a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the customer owe using a 360-day year?
A. $315.00
B. $354.38
C. $38.84
D. $39.38
2. Using a 360-day year, the maturity value of a 69-day note for $1,500 at 7% annual interest is (rounded to the nearest cent)
A. $1,584,88.
B. $1,605.00.
C. $20.13.
D. $1,520.13.
3. Tammy Industries inadvertently debited a $5,000 betterment as an ordinary expense. Which of the following will occur as a result of this mistake?
A. Retained earnings will be overstated by $5,000.
B. The asset will be overstated by $5,000.
C. The asset will be understated by $5,000.
D. Net income will be overstated by $5,000.
4. Which of the following would not be considered a contingent liability?
A. Pending legal action
B. Potential fines from the EPA
C. Cosigning a loan
D. Mortgage payable
5. Which of the following would indicate poor internal control over accounts receivable?
A. The same person handling cash receipts also records the accounts receivable transactions.
B. The person who handles accounts receivable wouldn't write off accounts as uncollectable.
C. The person handling cash receipts passes the receipts to someone who enters them into accounts receivable.
D. The mailroom employees open the mail and give the cash receipts to another employee.
6. If the amount extracted from a coal mine was different every year for four years, you would
A. debit depletion expense for the same amount each year.
B. credit accumulated depletion—coal mine for the same amount each year.
C. recompute the depletion expense rate per unit each year.
D. use the same depletion expense rate per unit each year.
7. Margaret is a customer of Tammy Company. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Tammy Company record first to reinstate her account?
A. Debit Uncollectible Accounts Expense; credit Accounts Receivable/Margaret.
B. Debit Cash; credit Accounts Receivable/Margaret.
C. Debit Accounts Receivable/Margaret; credit Allowance for Doubtful Accounts.
D. Debit Allowance for Doubtful Accounts; credit Accounts Receivable/Margaret.
8. Which of the following would be considered a cash equivalent?
A. Checks
B. Currency
C. Time deposits
D. Money orders
9. A company purchased furniture on January 1, 2012. Its cost was $15,600, and it had a residual value of $1,600. Its useful life is determined to be three years. Using double-declining balance depreciation, the depreciation for 2012 to the nearest dollar will be
A. $4,667.
B. $10,400.
C. $9,333.
D. $5,200.
10. A warranty is an example of a/an _______ liability.
A. known
B. estimated
C. contingent
D. settled
11. Research and development costs (R&D) are generally
A. listed as "long-term assets" on the balance sheet.
B. listed as "current assets" on the balance sheet.
C. listed as "other intangibles" on the balance s ...
Answer both questions (50 points each total = 100 points). Pl.docxrossskuddershamus
Answer both questions (50 points each: total = 100 points). Please show all work, including calculator keystrokes or Excel functions for time value of money calculations, so the maximum partial credit may be given.
1.
The president of Receding Airlines has asked you to calculate the company's cost of capital. To start, you have gathered the following information:
(1)
RecedingAir has the following securities outstanding:
· $1,000 face value, 8% annual coupon bonds with 15 years remaining to maturity and a current market price of $1,150.
· $100 par value preferred stock that pays an 11% annual dividend and has a current market price of $92.
· Common stock with a current market price of $50/share. Investors expect the next annual dividend to be $4.00 and to grow after that at a constant rate of 7% per year into the foreseeable future.
(2)
If RecedingAir were to issue new securities today:
· New bonds would pay interest annually, have a 15-year life, and incur a flotation cost of 3%.
· A new issue of preferred stock would pay annual dividends and incur flotation costs of 6%
· A new issue of common stock would incur flotation costs of 8%.
(3)
RecedingAir’s income is taxed at a 35% marginal rate.
(4)
RecedingAir’s target capital structure is 35% long-term debt, 15% preferred stock, and 50% common equity.
(5)
RecedingAir forecasts it will retain $25,000,000 of earnings in the coming year.
Required
a.
What is the required rate of return of RecedingAir’s bondholders?
b.
What is RecedingAir’s cost of debt?
c.
What is the required rate of return of RecedingAir’s preferred stockholders?
d.
What is RecedingAir’s cost of preferred stock financing?
e.
What is the required rate of return of RecedingAir’s common stockholders?
f.
What is RecedingAir’s cost of retained earnings financing?
g.
What is RecedingAir’s cost of a new common stock issue?
h.
What is RecedingAir’s weighted-average cost of capital (WACC) for its first dollar of new financing?
i.
How much total new financing can RecedingAir raise before its supply of new retained earnings financing is exhausted and there is a break in the cost of capital schedule?
j.
What would RecedingAir’s weighted-average cost of capital (WACC) become should it require more financing this year than the amount you calculated in part h, above?
2.
You have just been hired by Edifice Wrecks, Inc. (the demolition company) to evaluate a proposal to purchase a new solar-powered, web-enabled building smasher to replace an existing hand-powered smasher. You have discovered that:
· The old hand-powered smasher was purchased 5 years ago for $90,000 and is being depreciated for tax purposes using the straight-line method over an 8-year life to a $10,000 salvage value. The old smasher’s salvage value remains $10,000, however, it could be sold today for $25,000. $15,000 is invested in working capital in support of this smasher.
· The new smasher would cost $125,000 and be depreciated for .
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible accounts Bad Debts Expense is debited when: management estimates the amount
Assignment oneDeliverable Length 5 - 7 slides with speaker n.docxssuser562afc1
Assignment one
Deliverable Length: 5 - 7 slides with speaker notes of 200 - 250 words per slide (excluding Title and Reference slides)
You, as a HR Generalist, have been asked by your HR Director for your recommendations in terms of what tools your organization could use to better manage the talents of your employees. This will help to develop policies and procedures in managing your human capital. Please develop a PowerPoint presentation to your Director addressing the following:
· Describe and analyze the broad range of talent management efforts that use software applications to help you Director to make an educated decision.
· Give some examples of firms that have successfully used these applications.
· Describe how these efforts are useful in terms of strategic human capital management.
Assignment two
Deliverable Length: 7-10 pages
You are the Chief Human Resource Officer (CHRO) at your organization. As the CHRO, one of your primary roles is to be the workforce strategist. Your organization is planning to expand business operations to your neighboring state by opening an office. As a result of this expansion, your organization needs to make sure that the best and brightest employees are recruited to fill key roles at the new office. Write a 7-10 page research paper using APA style outlining the steps involved in recruiting the staff at the new office.
Grading Criteria:
1. The student researched the legal statues affecting the selection and hiring of employees.
2. The student identified the number and type of positions that need to be filled at the new office. Moreover, the student discussed qualifications, e.g., education level and number of years of experience, associated with each position.
3. The student researched, evaluated and chose several selection devices such as interviews or ability tests to reject or accept applicants. Moreover, the student assessed the weaknesses and strengths of these selection devices.
4. The student researched, evaluated and chose whether or not to utilize integrity testing and drug testing.
5. The student applied correct APA, style, usage, grammar, and punctuation.
6. The student supported the research paper with at least four different scholarly sources such as research journals, research studies, government or accredited educational institutions websites.
Use the following information to answer this question.
The most recent balance sheet and income statement of Tcramoto Corporation appear below;
Comparative Balance Sheet
Assets:
Cash and eash equivalents
A c c o u n t s receivable
Inventory
Plant and equipment
Less accumulated depreciation
Total assets
L i a b i l i t i e s and stockholders' equity
Accounts payable
Wages payable
Taxes payable
Bonds payable
Deferred taxes
Common stock
Retained earnings
Total l i a b i l i t i e s and stockholders' equity
Ending
Balance
$43
53
73
582
301
$450
$57
21
15
21
20
55
261
$450
Beginning
Balance
S35
59
69
490
286
$367
$48
18
13
20
21
...
Partnership revision questions ay 2014 2015JUMA BANANUKA
The practice questions will help the students of Makerere University (MUK & MUBS) to appreciate the theory underlying businesses in Uganda especially the partnership businesses.
This is Part 2 of a slide deck was presented by the University of Illinois Tax School in conjunction with a textbook entitled Limited Liability Companies: Electing Partnership vs. S Corporation Status. The presentation gives good background on various LLC topics (such as LLC formation, LLC operations, Distributions of an LLC, Sale of a Member Interest, Withdrawal of a Member, and Death of a Member). The textbook itself can be purchased at https://taxschool.illinois.edu/.
Online Assignment is a leading provider of homework help to students worldwide. We offer complete educational solutions for all students from K-12, college, graduation, university level and professional courses.
You can submit your homework and questions to Online Assignment and get speedy and cost effective solutions to your assignments. We provide 100% satisfaction guarantee with a commitment to complete your work within time. Combined with our rigorous work ethics and extensive domain experience, we are the ideal partner for all your assignments/homework needs.
We assist you with Homework Help, Assignment Help, Dissertation Help , Essay Help , Project Help, Online Tutoring , Thesis Help, Term Paper Help , freely accessible solution library and a lot more.
1. A company receives a note payable for $3,500 at 9 for 45 day.docxjackiewalcutt
1. A company receives a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the customer owe using a 360-day year?
A. $315.00
B. $354.38
C. $38.84
D. $39.38
2. Using a 360-day year, the maturity value of a 69-day note for $1,500 at 7% annual interest is (rounded to the nearest cent)
A. $1,584,88.
B. $1,605.00.
C. $20.13.
D. $1,520.13.
3. Tammy Industries inadvertently debited a $5,000 betterment as an ordinary expense. Which of the following will occur as a result of this mistake?
A. Retained earnings will be overstated by $5,000.
B. The asset will be overstated by $5,000.
C. The asset will be understated by $5,000.
D. Net income will be overstated by $5,000.
4. Which of the following would not be considered a contingent liability?
A. Pending legal action
B. Potential fines from the EPA
C. Cosigning a loan
D. Mortgage payable
5. Which of the following would indicate poor internal control over accounts receivable?
A. The same person handling cash receipts also records the accounts receivable transactions.
B. The person who handles accounts receivable wouldn't write off accounts as uncollectable.
C. The person handling cash receipts passes the receipts to someone who enters them into accounts receivable.
D. The mailroom employees open the mail and give the cash receipts to another employee.
6. If the amount extracted from a coal mine was different every year for four years, you would
A. debit depletion expense for the same amount each year.
B. credit accumulated depletion—coal mine for the same amount each year.
C. recompute the depletion expense rate per unit each year.
D. use the same depletion expense rate per unit each year.
7. Margaret is a customer of Tammy Company. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Tammy Company record first to reinstate her account?
A. Debit Uncollectible Accounts Expense; credit Accounts Receivable/Margaret.
B. Debit Cash; credit Accounts Receivable/Margaret.
C. Debit Accounts Receivable/Margaret; credit Allowance for Doubtful Accounts.
D. Debit Allowance for Doubtful Accounts; credit Accounts Receivable/Margaret.
8. Which of the following would be considered a cash equivalent?
A. Checks
B. Currency
C. Time deposits
D. Money orders
9. A company purchased furniture on January 1, 2012. Its cost was $15,600, and it had a residual value of $1,600. Its useful life is determined to be three years. Using double-declining balance depreciation, the depreciation for 2012 to the nearest dollar will be
A. $4,667.
B. $10,400.
C. $9,333.
D. $5,200.
10. A warranty is an example of a/an _______ liability.
A. known
B. estimated
C. contingent
D. settled
11. Research and development costs (R&D) are generally
A. listed as "long-term assets" on the balance sheet.
B. listed as "current assets" on the balance sheet.
C. listed as "other intangibles" on the balance s ...
Answer both questions (50 points each total = 100 points). Pl.docxrossskuddershamus
Answer both questions (50 points each: total = 100 points). Please show all work, including calculator keystrokes or Excel functions for time value of money calculations, so the maximum partial credit may be given.
1.
The president of Receding Airlines has asked you to calculate the company's cost of capital. To start, you have gathered the following information:
(1)
RecedingAir has the following securities outstanding:
· $1,000 face value, 8% annual coupon bonds with 15 years remaining to maturity and a current market price of $1,150.
· $100 par value preferred stock that pays an 11% annual dividend and has a current market price of $92.
· Common stock with a current market price of $50/share. Investors expect the next annual dividend to be $4.00 and to grow after that at a constant rate of 7% per year into the foreseeable future.
(2)
If RecedingAir were to issue new securities today:
· New bonds would pay interest annually, have a 15-year life, and incur a flotation cost of 3%.
· A new issue of preferred stock would pay annual dividends and incur flotation costs of 6%
· A new issue of common stock would incur flotation costs of 8%.
(3)
RecedingAir’s income is taxed at a 35% marginal rate.
(4)
RecedingAir’s target capital structure is 35% long-term debt, 15% preferred stock, and 50% common equity.
(5)
RecedingAir forecasts it will retain $25,000,000 of earnings in the coming year.
Required
a.
What is the required rate of return of RecedingAir’s bondholders?
b.
What is RecedingAir’s cost of debt?
c.
What is the required rate of return of RecedingAir’s preferred stockholders?
d.
What is RecedingAir’s cost of preferred stock financing?
e.
What is the required rate of return of RecedingAir’s common stockholders?
f.
What is RecedingAir’s cost of retained earnings financing?
g.
What is RecedingAir’s cost of a new common stock issue?
h.
What is RecedingAir’s weighted-average cost of capital (WACC) for its first dollar of new financing?
i.
How much total new financing can RecedingAir raise before its supply of new retained earnings financing is exhausted and there is a break in the cost of capital schedule?
j.
What would RecedingAir’s weighted-average cost of capital (WACC) become should it require more financing this year than the amount you calculated in part h, above?
2.
You have just been hired by Edifice Wrecks, Inc. (the demolition company) to evaluate a proposal to purchase a new solar-powered, web-enabled building smasher to replace an existing hand-powered smasher. You have discovered that:
· The old hand-powered smasher was purchased 5 years ago for $90,000 and is being depreciated for tax purposes using the straight-line method over an 8-year life to a $10,000 salvage value. The old smasher’s salvage value remains $10,000, however, it could be sold today for $25,000. $15,000 is invested in working capital in support of this smasher.
· The new smasher would cost $125,000 and be depreciated for .
ACC 291 GENIUS NEW Remember Education--acc291genius.comchrysanthemu4
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from
ACC 291 GENIUS NEW Introduction Education--acc291genius.comclaric275
FOR MORE CLASSES VISIT
www.acc291genius.com
1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the allowance method is used to account for uncollectible accounts Bad Debts Expense is debited when: management estimates the amount
Assignment oneDeliverable Length 5 - 7 slides with speaker n.docxssuser562afc1
Assignment one
Deliverable Length: 5 - 7 slides with speaker notes of 200 - 250 words per slide (excluding Title and Reference slides)
You, as a HR Generalist, have been asked by your HR Director for your recommendations in terms of what tools your organization could use to better manage the talents of your employees. This will help to develop policies and procedures in managing your human capital. Please develop a PowerPoint presentation to your Director addressing the following:
· Describe and analyze the broad range of talent management efforts that use software applications to help you Director to make an educated decision.
· Give some examples of firms that have successfully used these applications.
· Describe how these efforts are useful in terms of strategic human capital management.
Assignment two
Deliverable Length: 7-10 pages
You are the Chief Human Resource Officer (CHRO) at your organization. As the CHRO, one of your primary roles is to be the workforce strategist. Your organization is planning to expand business operations to your neighboring state by opening an office. As a result of this expansion, your organization needs to make sure that the best and brightest employees are recruited to fill key roles at the new office. Write a 7-10 page research paper using APA style outlining the steps involved in recruiting the staff at the new office.
Grading Criteria:
1. The student researched the legal statues affecting the selection and hiring of employees.
2. The student identified the number and type of positions that need to be filled at the new office. Moreover, the student discussed qualifications, e.g., education level and number of years of experience, associated with each position.
3. The student researched, evaluated and chose several selection devices such as interviews or ability tests to reject or accept applicants. Moreover, the student assessed the weaknesses and strengths of these selection devices.
4. The student researched, evaluated and chose whether or not to utilize integrity testing and drug testing.
5. The student applied correct APA, style, usage, grammar, and punctuation.
6. The student supported the research paper with at least four different scholarly sources such as research journals, research studies, government or accredited educational institutions websites.
Use the following information to answer this question.
The most recent balance sheet and income statement of Tcramoto Corporation appear below;
Comparative Balance Sheet
Assets:
Cash and eash equivalents
A c c o u n t s receivable
Inventory
Plant and equipment
Less accumulated depreciation
Total assets
L i a b i l i t i e s and stockholders' equity
Accounts payable
Wages payable
Taxes payable
Bonds payable
Deferred taxes
Common stock
Retained earnings
Total l i a b i l i t i e s and stockholders' equity
Ending
Balance
$43
53
73
582
301
$450
$57
21
15
21
20
55
261
$450
Beginning
Balance
S35
59
69
490
286
$367
$48
18
13
20
21
...
Student ID 21458913 Exam 061684RR - The Impact of Manage.docxemelyvalg9
Student ID: 21458913
Exam: 061684RR - The Impact of Management Decisions and Other Topics
When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you
hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.
Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page
break, so be sure that you have seen the entire question and all the answers before choosing an answer.
1. (Ignore income taxes in this problem.) The Keego Company is planning a $200,000 equipment
investment that has an estimated five-year life with no estimated salvage value. The company has projected
the following annual cash flows for the investment:
Assuming that the cash inflows occur evenly over the year, the payback period for the investment is
_______ years.
Year Cash Inflows
1 $120,000
2 60,000
3 40,000
4 40,000
5 40,000
Total $300,000
A. 0.75
B. 2.50
C. 4.91
D. 1.67
2. The Clemson Company reported the following results last year for the manufacture and sale of one of its
products known as a Tam.
Clemson Company is trying to determine whether to discontinue the manufacture and sale of Tams. The
operating results reported above for last year are expected to continue in the foreseeable future if the
product isn't dropped. The fixed manufacturing overhead represents the costs of production facilities and
equipment that the Tam product shares with other products produced by Clemson. If the Tam product
were dropped, there would be no change in the fixed manufacturing costs of the company.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net operating loss $(55,000)
Assume that discontinuing the manufacture and sale of Tams will have no effect on the sale of other
product lines. If the company discontinues the Tam product line, the change in annual operating income (or
loss) should be a
A. $90,000 decrease.
B. $65,000 decrease.
C. $55,000 decrease.
D. $70,000 increase.
3. Part N19 is used by Malouf Corporation to make one of its products. A total of 7,000 units of this part
are produced and used every year. The company's Accounting Department reports the following costs of
producing the part at this level of activity:
An outside supplier has offered to make the part and sell it to the company for $24.50 each. If this offer is
accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided.
The special equipment used to make the part was purchased many years ago and has no salvage value or
other use. The allocated general overhead represents fixed costs of the entire company, none of which
would be avoided if the part were purchased instea.
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from
FOR MORE CLASSES VISIT
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating
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The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Str 581 week 4 individual capstone final exam part 2 new
1. STR 581 Week 4 Individual Capstone Final
Exam Part 2 NEW
Check this A+ tutorial guideline at
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STR 581 Week 4 Individual Capstone Final
Exam Part 2 NEW
1 Intanke Inc. manufactures vacuum cleaners.
The following information is available for the
company.
Per unit cost
Sales $550
2. Variable expenses 370
The fixed expenses are $95,000. Calculate the
net operating income for 750 vacuum
cleaners.
A. $135,000
C. $35,000
D. $40,000
2 Rinetin Corporation has been falsifying its
financial statements for the past year. The
staff in the accounting department of the
company have been fake employee IDs and
recording payments on the company’s payroll.
The funds sent to these fake employees are
then redirected to the company’s bank
accounts. When Rinetin Corporation is
audited, the auditors fail to discover this
3. fraud because of their negligence. Months
later, a whistle-blower alerts the appropriate
authorities about the company’s deceptive
practices. In this scenario, the accountants
who conducted the audit of the company will
be held civilly liable under __________.
A. Section 32(a) of the Securities Exchange
Act of 1934
B. Section 24 of the Securities Act of 1933
C. Section 11(a) of the Securities Act of
1933
D. Section 10(b) of the Securities Exchange
Act of 1934
3 Jonah’s Restaurant reports net income of
$20,000 during the year 2015. It distributes a
4. dividend of $6,000 to its shareholders.
Calculate the retention ratio.
A. 50%
B. 30%
C. 80%
D. 70%
4 Wilande Inc., a leading apparel store,
acquires Parewa Inc., an energy drink
manufacturer. This is an example of a
__________.
A. congeneric merger
B. horizontal merger
C. conglomerate acquisition
5. D. vertical acquisition
5 Gina and Samantha are discussing the
Sarbanes-Oxley Act of 2002. Gina argues that
although the act requires the management of
a company to explicitly declare in writing that
a company’s financial statements accurately
and fairly represent the financial results, no
steps have been taken to ensure that this rule
is followed. Which of the following statements
weakens Gina’s argument?
A. An individual who is employed by a
certified public accounting firm that audits a
company can be employed as the CEO or CFO
of that company to ensure the fairness of its
financial statements.
B. If a company’s financial statements
contain misrepresentations, the CEO and CFO
run the risk of serving time in jail.
6. C. The Sarbanes-Oxley Act prohibits a
public company from granting personal loans
to any of its executive officers or directors
D. If a CEO or CFO of a company fails to
comply with the provisions of the act, he or
she is subject to a fine up to $10,000 and one
year in jail.
6 Ray is an entrepreneur who has recently
started his own venture. Since he does not
have the resources to hire a financial expert,
he has to manage the company’s finance in
addition to managing the company. He needs
to calculate the working capital of his
business. From the following information,
calculate the net working capital.
Cash $20,000
Accounts receivable 12,000
7. Accounts payable 14,500
Inventory 32,000
Accrued expenses 6,500
A. $23,000
B. $49,500
C. $11,000
D. $43,000
7 Blanrin Inc. currently produces all the
components for the products it makes and
sells. The total costs of producing a
component,
Component Y, for one of its products are given
below. The annual requirement of Component
Y is 2,200 units.
8. Direct materials $19,800
Direct labor 11,000
Variable manufacturing overhead 15,400
Fixed manufacturing overhead 13,200
An external supplier offers to sell the
component to Blanrin Inc. for $23 per unit.
After analysis, it is found that if the company
buys the component instead of producing it,
all of its variable costs and $8,200 of its fixed
overhead costs will be eliminated. If Blanrin
Inc. decides to buy the component instead of
manufacturing it, how will the decision affect
the company?
A. Its net income will increase by $8,200.
B. Its net income will increase by $3,800.
C. Its net income will decrease by $3,800.
9. D. Its net income will increase by $4,400.
8 Rick, a certified accountant, is asked to
conduct an audit of the financial statements of
Schenk Ltd. However, the company refuses to
cooperate with Rick and does not provide him
with the necessary information. This makes it
impossible for him to carry on with the audit.
In this scenario, which of the following
opinions is Rick most likely to express?
A. Adverse opinion
B. Disclaimer of opinion
C. Unqualified opinion
D. Qualified opinion
9 Susan is a financial manager at Rvetz
Corporation. She wants to evaluate the
efficiency with which the company is using its
resources. For this reason, she needs to
10. calculate the operating margin from the
information given below.
Net sales $3,500,000
Cost of goods sold 1,750,000
Office rent 54,500
Selling expenses 350,000
Interest expense 50,000
Other operating expenses 88,500
Which of the following will be the result?
A. 38.4%
B. 35.9%
C. 85.9%
D. 64.1%
11. 10 Calculate depreciation from the following
information.
Accounting profit break-even point 2,871
units
Fixed costs $4,083,200
Sales price $42 per unit
Total variable costs $2,600
Number of units 100
A. $706,200
B. $510,400
C. $812,000
D. $1,483,200
10 Calculate depreciation from the following
information.
12. Accounting profit break-even point 2,871
units
Fixed costs $4,083,200
Sales price $42 per unit
Total variable costs $2,600
Number of units 100
A. $706,200
B. $510,400
C. $812,000
D. $1,483,200
11 Yalken Corporation is considering the
purchase of a new machine. The cost of the
machine is $250,000. The cash flows for five
years are given below.
Year 1 Year 2 Year 3 Year 4 Year 5
13. Cash flows $84,790 $102,500
$70,580 $64,760 $115,700
The company is in the 35 percent tax bracket.
Assuming that the cost of capital is 12%,
calculate the net present value.
A. $314,452
B. $64,463
C. $(64,452)
D. $204,394
12 Which of the following scenarios illustrates
a violation of the Sarbanes-Oxley Act?
• Natalie is assigned to audit a company’s
financial records. She finds it impossible to
arrive at a conclusion and issues a disclaimer
of opinion.
14. • Ronan, the CFO of Puvane Inc., is
granted an unsecured loan by the company to
pay his son’s medical bills.
• Tina, an accountant, fails to detect a
fraud in the financial statements of the
company she audits.
• Wong is a member of the audit
committee of a public corporation. However,
he is an external member and was not
employed by the corporation.
13 Tanial Inc. has $950,000 in assets and
$400,000 in debt. If it earns net income of
$350,000, calculate the return on assets
A. 63.6%
B. 36.8%
C. 271.4%
D. 87.5%
15. The financial manager of a company needs to
measure
how efficiently the company’s total assets are
being used to generate sales. From the
information given below, calculate the
relevant ratio he needs for this purpose.
Cash $220,000
Accounts receivable 1,800,000
Inventory 950,000
Plant and equipment 1,330,000
Sales 10,000,000
A. Assets turnover ratio of 0.3
B. Debt to assets ratio of 3.4
C. Assets turnover ratio of 2.3
16. D. Debt to assets ratio of 0.4
15 Jose, a financial expert of Cerione Ltd.,
analyzes the data given below. What
conclusion is he likely to arrive at?
Sales $161,000
Cost of goods sold 110,000
Gross margin $ 51,000
Total selling and administrative expenses
39,500
Net operating income $ 11,500
Interest expenses 2,170
Net income before taxes $ 9,330
Income tax (30%) 2,799
Net income $ 6,531
17. A. The company does not have adequate
resources to pay the interest due to creditors.
B. The company’s gross margin is 20
percent.
C. The company has sufficient resources to
pay the interest due to creditors.
D. The company’s earnings before interest
is the same as its earnings after taxes.
16 The capital structure for Purnen
Corporation is given below. Calculate the
weighted average cost of capital (WACC).
Debt: 10%, 1,500 bonds, 20 years to maturity,
selling for 105% of par. The bonds have a
$1,000 par value each and make annual
payments.
Common stock: 3,000,000 shares outstanding
at a par value of $1, selling for $35 a share.
18. The expected dividend is $2.8, and the growth
rate is 10%.
Preferred stock: 5,000 shares of 6% preferred
stock outstanding, selling for $103 a share
and having a par value of $100. The flotation
cost is $3, and the dividend is $9.
The corporate tax rate is 35%.
A. 8.4%
B. 16.5%
C. 9.96%
D. 13.65%
17 Raul needs to choose one alternative from
the four alternatives given below. Applying
the concept of time value of money, which of
the following alternatives should he select?
19. A. Receiving $130 at the end of two years
at an interest rate of 8% compounded
annually
B. Receiving $100 at the end of two years
at an interest rate of 9% compounded
annually
C. Receiving $150 at the end of three years
at an interest rate of 7% compounded
annually
D. Receiving $90 at the end of one year at
an interest rate of 5% compounded annually
18 Josh and Mike are discussing the pros and
cons of the Sarbanes-Oxley Act. While Josh
argues that the act has a high compliance cost,
Mike is of the opinion that companies can
easily avoid these costs by choosing to go dark
and delisting their shares from exchanges.
Josh, in turn, states that such a choice comes
with its own drawbacks. Which of the
20. following statements best supports Josh’s
argument?
A. Companies that choose to go dark
typically have only limited access to capital
markets.
B. Mandatory annual audits by
independent auditors are carried out
regardless of whether or not companies
choose to go dark.
C. Executives of companies that choose to
go dark are required to certify the accuracy of
financial statements.
D. Companies that go dark are required to
file annual reports.
19 Robert is a manager of a small-scale firm.
He needs to decide whether the firm has
21. sufficient resources to meet its short-term
obligations. Calculate the ratio that Robert
needs to calculate from the information given
below.
Cash and cash equivalents $1,057,600
Accounts receivables 1,556,500
Short-term investments 770,300
Other current assets 420,500
Accounts payable 995,700
Long-term debt 528,000
Short-term debt 176,000
Other current liabilities 2,495,700
A. Current ratio of 0.92
B. Current ratio of 1.04
C. Debt ratio of 0.91
22. D. Debt ratio of 1.26
20 Mark wants to withdraw $6,500 at the end
of three years and $8,000 at the end of five
years. He wants to do this in such a way that
the account balance drops to zero after the
last withdrawal. Assuming that the interest
rate is 5%, how much money should Mark
deposit today to ensure that his needs are
met?
A. $11,883.15
B. $653.26
C. 5,614.94
D. $6,268.21
21 Darrin Corporation is considering a
proposal to purchase a new piece of
equipment. The cost of the equipment is
$16,611. The equipment is estimated to
23. provide an annual cash flow of $3,000 for the
next nine years. The company has a required
rate of return of 15%. Calculate the internal
rate of return (IRR), and interpret the results.
Use the present value of an annuity table.
• Since the cash flows are evenly
distributed, the proposal should be accepted.
• Since the IRR is lesser than the required
rate of return, the proposal should be
rejected.
• Since the capital investment is higher
than $15,000, the proposal should be rejected.
• Since the IRR is greater than the
required rate of return, the proposal should
be accepted.
22 Calculate the total equivalent units for
materials from the information given below.
24. Percentage complete
Units Materials Conversion
Work in process, June 1 1,100 60%
35%
Units started into production during June
22,500
Units completed and transferred to the next
department 21,800 100% 100%
Work in process, June 30 1,800 50%
15%
A. 2,070
B. 23,400
C. 22,700
D. 21,260
25. 23 Bob is a project leader in a software
company. He assigns tasks to his team
members, explains how to execute the tasks,
and sets weekly goals for them. He convenes
meetings to discuss the progress of projects at
each stage of execution and does not bother
about the personal issues of his team when he
evaluates any dip in their performance with
respect to the targets he set. In accordance
with House’s path-goal theory, which of the
following leadership behaviors does Bob
display?
A. Participative behavior
B. Directive behavior
C. Supportive behavior
D. Achievement-oriented behavior
24 The following information is given for
Rafea Corporation.
27. Which of the following can be inferred from
the data?
A. The company has a current ratio of 1.51.
B. The company has a debt-to-equity ratio
of 1.74.
C. The company has a debt-to-equity ratio
of 0.71.
D. The company has a current ratio of 1.13.
25 Calculate the direct labor quantity
variance from the information given below.
Standard rate $13 per hour
Standard hours 4,300 hours
Actual hours 5,000 hours
Actual rate $11.50 per hour
A. $15,550 unfavorable
