1. Is there an immediate polynomial-time reduction from the traveling-salesman problem on graphs to the Euclidean traveling-salesman problem, or vice versa?
2. What would be the significance of a program that could solve the traveling salesman problem in time proportional to 1.1N?
1) Mr Kristos Le Droit in one of his first actions as the newly elected treasurer of LOACH (a mid-sized Charity) has dismissed the incumbent (current) audit firm and called for tenders for a new audit firm. Several other members of the Charity’s Board are very upset and informed Mr Le Droit that the incumbent firm had been auditing them for 15 years, that everyone working at the Charity was very comfortable with that firm as the auditor, and that they were very worried about the mess that might be disclosed if a less friendly firm were appointed.
1) Mr. Wiseman has invested a sum of Rs. 2,00,000 in his own business which is a very profitable one. The annual profit earned from his business is Rs. 45000 which includes a sum of Rs 10,000 received as compensation of a part of his business premises. As an alternative to his engagement in his business, he could have invested the money in long term deposit with Bank earning a normal rate of interest of 10% and also could engage himself in employment thereby getting an annual salary of Rs 7200. Considering 2% as fair compensation for the risk involved in the business, calculate the value of goodwill of his business on capitalization of super profits at the normal rate of interest. Ignore taxation.
1.Most of the independent auditor’s work in formulating an opinion on financial statements consists of
a.Considering internal control.
b.Obtaining and examining evidential matter.
c.Examining cash transactions.
d.Comparing recorded accountability with assets.
1: Mortgage Loan Analysis: Mr. Davidson plans to buy a house at Sugar Land in May 2017. The sale price is $580,000. He is going to pay 20% down payments and borrow additional 80% from Bank of America with a 15-year, 3.8% fixed-rate mortgage loan. He is expected to pay an equal MONTHLY payment starting from June 2017 for a total of 15 years.
(1) Calculate the required monthly mortgage payment for Mr. Davidson.
(2) Construct the 2017~2025 amortization table for Mr. Davidson.
(1) When Mr. Davidson prepares his 2017 tax filing, what is the total mortgage interest payment that he can consider for deduction?
1. Most companies, when computing or estimating costs for a job, will add in an overhead cost, often tying that cost to some direct cost, such as direct labor. What costs are usually included in this overhead cost?
2. In lean manufacturing system designs (aka the Toyota production system), the quality control is integrated into the design of the lean shop. How is quality controlled in the job shop?
1. Modify the code in Section 4.7 to apply an exponential time-decay factor.
2. Consider you have applied meta-labels to events determined by a trend-following model. Suppose that two thirds of the labels are 0 and one third of the labels are 1.
(a) What happens if you fit a classifier without balancing class weights?
(b) A label 1 means a true positive, and a label 0 means a false positive. By applying balanced class weights, we are forcing the classifier to pay more attention to the true positives, and less attention to the false positives. Why does that make sense?
(c) What is the distribution of the predicted labels, before and after applying balanced class weights?
1. Minneapolis Manufacturing Inc.’s CEO has asked you to provide the relevant journal entries using the following acquisition information.
Note: The CEO has not decided whether they will purchase Bloomington Re-Bar Company using the “Asset Acquisition Method” or the “Stock Acquisition Method.”
Required:
A. Prepare the journal entryassuming Minneapolis Manufacturing Inc. decided to purchase Bloomington Re-Bar Company for $13,000,000 in an Asset Acquisition.
B. Prepare the journal entryassuming Minneapolis Manufacturing Inc. decided to purchase 100%of Bloomington Re-Bar Company for $13,000,000 in a Stock Acquisition.
C. Prepare the journal entryassuming Minneapolis Manufacturing Inc. decided to purchase 75%of Bloomington Re-Bar Company for $9,000,000 in a Stock Acquisition.
D. For scenario C.(75% Stock Acquisition – above) prepare a CAD. In addition, prepare the necessaryworkpaper elimination entriesnecessary to complete a consolidated financial statement workpaper.
2. St. Paul Sewer Inc. purchased 70%of Pipestone Pipe Inc. in a Stock Acquisition.The CEO of St. Paul Sewer Inc. mentioned that there is an accounts receivable due from Pipestone Pipe Inc. in the amount of $12,000. How should St. Paul Sewer Inc. account for this inter-company (affiliated company) receivable?Provide the journal entrywith your explanation.
3. The Difference between Implied and Book Value account is:
a) an account necessary for the preparation of consolidated working papers.
b) the excess implied value assigned to goodwill.
c) the unamortized excess that cannot be assigned to any related balance sheet accounts
d) used in allocating the amounts paid for recorded balance sheet accounts that are different than their fair values.
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Ethics Scenario:
You have just joined a company as a new staff accountant. Your company is in an acquisition mode (acquiring 5 to 10 smaller companies each of the last 4 years). You are excited to hear that you are going with an acquisition team to facilitate another acquisition (Company X). You have been instructed to sit down with Company X’s controller and explain some pre-acquisition (before the acquisition is finalized) accounting expectations.
Expectations for Company X before the acquisition is finalized.
1. Company X is expected to accelerate the payment of liabilities
2. Company X is expected to delay recording the collections of revenue
3. Company X is expected to increase the estimated amounts in reserve accounts
As you are driving to the Company X headquarters, your gut is telling you something is not right? You pull your car over and call your old classmate who is now an auditor for Ernst and Young. You explain the “expectations” and your old classmate provides the following feedback…
(Old Classmate) There are ways that the three expectations could be managedwithin the rules provided by GAAP, but would be regarded by many as pushing the limitsof GAAP.
Not satisfied with your old classmates answer you call your old accounting professor. Your accounting professor reminds you what he used to say in class,
(Old Professor) “There are gray areas in accounting that many accountants will be influenced to step into. Often, this results in unethical behavior (at a minimum) and in many cases results in illegal acts.” “It’s a dangerous path and I recommend that you stay away from gray.”
1. What effect does each of the three items have on the reported net income of the acquired company before the acquisition and on the reported net income of the combined company in the first year of the acquisition and future years?
2. What effect does each of the three items have on the cash from operations of the acquired company before the acquisition and on the cash from operations of the combined company in the first year of the acquisition and future years?
3. If you are the controller of Company X, how would you respond to these suggestions?
1. minimum cash balance of Br.10, 000. The cost that converts marketable securities (MSs) to cash is Br.30; the firm’s marketable securities portfolio earns and 12%annual return. The standard division of ADRs daily net cash flows is estimated to be Br.150.
Required: Compute
A. The distance b/n the upper and the lower limits(Z)
B. The upper limit
The average cash balance and the target cash balance
1- Mention in details and equations the different of producing phosphoric acid from phosphate?
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