1. All dogs are dangerous. The golden retriever is a dog. Therefore,the golden retriever is dangerous.
Is this argument soundor unsound?All dogs are dangerous. The golden retriever is a dog. Therefore, the golden retriever is dangerous. a.Is this argument sound or unsound?
1. Adjusted Trial Balance: 31 March to 31 March 2017 (Reports ? Accountant) and 2. Audit Trail Report: (Reports ? Accountant ? Audit Trail)Please make sure that Reckon User Name (student number and surname/family name: 9903321Wang) are included in the Audit Trail Report generated by Reckon!!!!!
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1 QUT Business School School of Accountancy BSB110: ACCOUNTING SEMESTER 1, 2017 ASSESSMENT ITEM NUMBER 1: DECISION MAKING IN ACCOUNTING PART B Weighting Total: 10% Due Date and Time: Upload to Turnitin by 5pm Friday 5 May 2017 Assessment submitted after the due date without an approved extension will not be marked and will receive a grade of 1 or 0%. If special circumstances prevent you from meeting the assessment due date, you can apply for an extension. If you don’t have an approved extension you should submit the work you have completed by the due date and it will be marked against the assessment criteria. Submission Requirements: You must upload the following reports in pdf format to Turnitin through Assessment/Assignment (Accounting for Decision Making Part B) Submission Area in the BSB110 Blackboard site by 5pm on 5 May 2017. The reports required from Reckon Software: 1. Adjusted Trial Balance: 31 March to 31 March 2017 (Reports ? Accountant) and 2. Audit Trail Report: (Reports ? Accountant ? Audit Trail) The date range should be from 12/04/2017 to current date (date you are printing). o In those cases where the Audit Trail Report is not submitted in the appropriate format (including your student number and name printed on the report) investigations into plagiarism may be commenced. o If no Audit Trail Report is provided, the assignment will not be marked. • Please make sure that your Reckon User Name (student number and surname/family name eg 9876543Smith) are included in the Audit Trail Report generated by Reckon (they may not be handwritten on afterwards). Group or Individual: Individual This assessment item assesses the following learning outcome: Knowledge and Technological Skills (KS) 1.1 Demonstrate and apply theoretical and technical knowledge across the broad field of business. 1.2 Apply technical and technological skills appropriate and effective for real world business purposes…
Attachments:
Decision-Maki….pdfDecision-Maki….pdf
CoolApps-Pty-….qbw
1. Assume Country Cinderella is having a fractional banking system. The First National Bank
acquires $600,000 in new deposits and initially uses part of this to make new loans of $400,000.
The T-account of First National Bank, showing changes in its assets and liabilities, is as
follows:
AssetsLiabilitiesChange in Reserves $200,000
Change in Loans $400,000Change in Deposits $600,000
a) Assume that the Central Bank of Country Cinderella asks its banks to hold 10% of deposits
as reserves. How much excess reserves does First National Bank hold? (02 Marks)
b) Assume that all other banks hold only the required amount of reserves and that the public
holds no cash. If First National Bank decides to reduce its reserves to only the required
amount, by how much will the economy’s money supply increase? (03 Marks)
1. Agency Problems of MNCs.
a.Explain the agency problem of MNCs.
ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners.
b. Why might agency costs be larger for an MNC than for a purely domestic firm?
ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons. First, MNCs incur larger agency costs in monitoring managers of distant foreign subsidiaries. Second, foreign subsidiary managers raised in different cultures may not follow uniform goals. Third, the sheer size of the larger MNCs would also create large agency problems.
2. Comparative Advantage.
a. Explain how the theory of comparative advantage relates to the need for international business.
ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international business.
b. Explain how the product cycle theory relates to the growth of an MNC.
ANSWER: The product cycle theory suggests that at some point in time, the firm will attempt to capitalize on its perceived advantages in markets other than where it was initially established.
3. Imperfect Markets.
a. Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
ANSWER: Because of imperfect markets, resources cannot be easily and freely retrieved by the MNC. Consequently, the MNC must sometimes go to the resources rather than retrieve resources (such as land, labor, etc.).
b. If perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets? Why?
ANSWER: If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. As this occurred, shortages of resources in any particular country would be alleviated and the costs of such resources would be similar across countries.
4. International Opportunities.
a. Do you think the acquisition of a foreign firm or licensing will result in greater growth for an MNC? Which alternative is likely to have more risk?
ANSWER: An acquisition will typically result in greater growth, but it is more risky because it normally requires a larger investment and the decision can not be easily reversed once the acquisition is made.
b. Describe a scenario in which the size of a corporation is not affected by access to international opportunities.
ANSWER: Some firms may avoid opportunities because they lack knowledge about foreign markets or expect that the risks are excessive. Thus, the size of these firms is not affected by the opportunities.
c. Explain why MNCs such as Coca Cola and PepsiCo, Inc., still have numerous opportunities for international expansion.
ANSWER: Coca Cola and PepsiCo still have new international opportunities because countries are at various stages of development. Some countries have just recently opened their borders to MNCs. Many of these countries do not offer sufficient food or drink products to their consumers.
1.Are there other electronic devices that are not connected to the local network to share information or resources? What would be the benefit of having these devices onlin1. Arethereotherelectronicdevicesthatarenotconnectedtothelocalnetworktoshareinformationorresources?Whatwouldbethebenefitofhavingthesedevicesonline?
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2. Whichtypeofconnectivityisusedmostfrequentlyinyourlocalnetwork,wiredorwireless?
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(1) Acompany hasjustreceivedsome‘stateoftheart’electronicequipment fromanoverseassupplier.Thepackaginghasbeendamagedduringdelivery andthecompanymustdecidewhetherto accepttheequipment.If the equipmentitselfhasnot beendamaged,itcouldbesoldforapro?tof$10000.However, ifthebatchisaccepted anditturnsouttobedamaged,alossof-$5000will be made.Rejectionoftheequipmentwillleadtonochangeinthecompany’spro?t.Afteracursory inspection, thecompany’s engineerestimatesthatthereisa60%chancethattheequipmenthasnot beendamaged. The company has anotheroption.Theequipment couldbetestedbyalocalspecialistcompany.Theirtest,however, isnotperfectlyreliableandhasonlyan80%chanceofgivingacorrectindication.
Howmuchwoulditbeworthpayingfortheinformationfromthetest?(Assume thatthecompany’sobjectiveistomaximizeexpectedpro?t.)
1. Burns Boats wants to assemble 50 boats per eight-hour day, using a production line. Total task time for each boat is 45 minutes.
a. (*) What is the takt time? What is the theoretical minimum number of workstations needed?
b. (**) Suppose the longest individual task takes four minutes. Will Burns be able to accomplish its goal? Justify your answer.
1 Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.
1. Bob’s lawn-mowing service is a profit-maximizing, competitive firm. Bob mows lawns for $27 each. His total cost each day is $280, of which $30 is a fixed cost. He mows 10 lawns a day. What can you say about Bob’s short-run decision regarding shutdown and his long-run decision regarding exit?
1. BRIEF The assessment for this module consists of a written report: • Students are encouraged to start their project work early in the module and to develop their submission alongside their learning. Module tutors are available for consultation on project submissions and are to be treated as another resource available to students. • Students must submit all the project work (coursework) on the agreed Submission Date. Tutors will give feedback and constructive criticism on the direction of the student’s work and how it can be improved. • All submissions for review should be discussed with module tutors in allocated time slots in Week 10. However, the formal (summative) assessment will be based on the student’s final submission via Blackboard. In this coursework, students are expected to complete two tasks with equal weightage of 50%. Task A: (Weightage = 50%) The aim of this part is to enable students to understand construction project risk management system and the importance of risk management, to apply learnt knowledge of risk analysis techniques and methods to analyse risks and to encourage students to give their opinions. Key tasks involve: • Select/assume a construction project. • Provide an overview information of the project. • Identify hazards (or risks) and uncertainties associated with the project by an appropriate technology, e.g. brainstorming/checklist etc. • To analyse risks of the project and pay attention to an appropriate technology, e.g. risk matrix/cash flow/FTA/ETA etc; • To analyse outputs and give suggestions of risk reduction. • To write a formal report fully describing the project and risk management and the improvement recommended Task B: (Weightage = 50%) Identify and select a national UK construction related company and, using information readily available in the public domain (company accounts, annual reports), review the company’s recent business performance and its ability to meet the demands of the future business environment. 1. Provide an overview of the directors’ reports, the profit and loss account and the balance sheet. 2. Use the information to develop a SWOT, PESTLE, Porter’s five forces or BCG analysis. 3. Provide the following financial ratios for at least two years; Liquidity ratios (current ratio and acid test), profitability ratios (ROE, ROCE, Net profit margin and Gross profit margin), efficiency ratios (inventory turnover period, debtor days, creditor days) and funding ratios (Balance Sheet gearing, ordinary dividend cover, interest cover), investment ratios (Dividend per share and EPS). 4. Analyse the potential of Earned Value Financial Analysis as a financial control tool to improve overall Financial Reporting of various projects. 5. Provide a conclusion based on the information gained above to inform where you see the company heading in the future.
Attachments:
job-card.docx
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