Compute the no. of units started & completed. Compute the EUP for DM and CC using FIFO and WA methods.

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Alpa Ltd. uses a process costing system for its sole processing department. There were 24,000 units in beginning WIP inventory for March and 216,000 units were started in March. The beginning WIP units were 60% complete and the 19,500 units in ending WIP were 40% complete. All materials are added at the start of processing.

Required:

  1. a) Compute the no. of units started & completed.
  2. b) Compute the EUP for DM and CC using FIFO and WA methods.

 

Which of the government fund is being operated by the Saudi Government? How the budget is being prepared in The Kingdom of Saudi Arabia? Explain any budget with reference to the revenue, expenditure and sectorial spending.

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Government funding

Answer in your own words.

  • If you copied the answer from somewhere, put the source next to it
  • Make sure the answers are comprehensive in the course content.

Questions:

Q-1-Which of the government fund is being operated by the Saudi Government? Highlight the main objectives of the fund.

Q-2-How the budget is being prepared in The Kingdom of Saudi Arabia? Explain any budget with reference to the revenue, expenditure and sectorial spending.

 

Use the data given to calculate the annual returns for Ark Industries, and Apex Inc during the 5-year period. Calculate the historical average returns for Ark Industries, Apex Inc., and the market index during the 5-year period.

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They want to compare the stock performance with Apex Inc, a strong competitor in the industry, and the market index. The following data is available for managerial finance analysis.

  Ark Industries   Apex Incorporated Market Index
Year Capital gain/loss Dividend Purchased Price Capital gain/loss Dividend Purchased price Rate of Return
2020 $6.79 $2.23 $23.53 $5.80 $3.52 $79.32 51.8%
2019 -$5.08 $2.65 $28.61 $5.00 $3.65 $74.32 1.30%
2018 $13.40 $2.73 $15.21 -$12.80 $3.45 $87.12 11.90%
2017 $2.58 $2.57 $12.63 -$8.00 $3.47 $95.12 13.90%
2016 -$0.58 $2.23 $13.21 $10.88 $3.55 $84.25 15.80%

*Capital gain = difference between ending price and beginning price

  1. Use the data given to calculate the annual returns for Ark Industries, and Apex Inc during the 5-year period.
  2. Calculate the historical average returns for Ark Industries, Apex Inc., and the market index during the 5-year period.
  3. Calculate the standard deviation of the returns for Ark Industries.
  4. Ark Industries Inc. wants to estimate its beta. The following information is available:
Risk-free rate 5.0%
Market rate of return 10.0%
Expected rate of return 12.0%
  1. Calculate the beta for Ark Industries.
  2. If Ark Industries’ beta were 2.0, then what would be its new required rate of return?
  3. An individual investor, James Bond needs an extra return of 6.0% before he will take on the stock market’s risk to invest in Ark Industries. If the risk-free rate on long-term Treasury bonds is 5.0%. what would be the required return on the market?
  4. James Bond wants to determine the required rate of return on two stocks (stock A and stock B) that he just added to his portfolio. The following information is available:

Market rate of return = 11.0%

Risk free rate =5.0%

Beta for stock A= 0.77

Beta for stock B = 0.99

Use the Security Market Line (SML) equation to calculate the required rate of return for stock A and stock B.

  1. Richard Morgan, another individual investor wants to purchase four stocks for his portfolio.  The expected return, portfolio weights, and the betas of the stocks are given below:
Stocks Beta Portfolio weight Expected return
Goodman Industries 0.7 30% 9.20%
Renfro Inc. 0.79 20% 9.74%
Heath Inc. 1.1 30% 11.60%
Lincoln Inc. 1.44 20% 13.64%

 

  1. Calculate the portfolio beta.
  2. Calculate the portfolio’s required rate of return.
  1. Efficient Markets Hypothesis (EMH) holds that security prices adjust quickly to new intrinsic value as soon as new information becomes available. Distinguish among the threeforms of the EMH.
  2. A new body of evidence is emerging in the field of behavioral finance which shows that investors often behave irrationally, but in predictable ways. Explain the following biases that affect the rationality of people’s decision-making process:
  1.   overconfidence
  2.   self-attribution bias
  3.    herding
  1. The Fama-French three-factor model predicts stock’s return given the return of the market, the SMB portfolio, and the HML portfolio. The model is given as:

Predicted return = ai + bi (r M,t) + ci (r SMB,t) + di (r HML,t). 

You have estimated that ai = 0, bi = 1.2, ci = -0.4, and di =1.3. On May 1, the market return (rM,t), was 10%, the return on the SMB portfolio (rSMB) was 3.2%, and the return on the HML portfolio (rHML) was 4.8%.

  1. using the model, predict the stock’s return for the month of May 1.
  2. if the actual return of the stock is 17.5% on May 1, calculate the unexplained return of the stock.

Submit your answers in a Word and/or Excel document.

 

 

On your own words, outline the accounting principles and assumptions and explain each one. What is the accounting cycle? Explain every step starting from analyzing transactions to preparing post-closing trial balance.

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Accounting cycle

Q1. On your own words, outline the accounting principles and assumptions and explain each one. (Marks5)

Q2. What is the accounting cycle? Explain every step starting from analyzing transactions to preparing post-closing trial balance.    (Marks5)

Q3. Based on the following trial balance for ABC Co, prepare an income statement, statement of retained earnings and a balance sheet. The company made no additional investments in the company during the year.                                                                                                            (Marks5)

ABC Co.

Trial Balance

December 31
Cash SR 6,500  
Accounts receivable 475  
Supplies 2,500  
Equipment 17,000  
Accounts payable   SR  745
Common stock   10,000
Retained earnings   11,155
Dividends 36,000  
Revenue earned   72,000
Supplies expense 3,425  
Rent expense 6,000  
Wages expense 22,000  
Totals SR93,900 SR93,900

 

Obtain a set of financial statements from a public ally traded company. Select at least 2 balances on the financial statements. Describe the principal assertion of the selected account balance.

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Financial statements

Consider the 5 traditional financial statement assertions:

  1. Existence
  2. Completeness
  3. Presentation and Disclosure
  4. Valuation
  5. Rights and Obligations Management.

Next, obtain a set of financial statements from a publically traded company (finance.yahoo.com or other). Select at least 2 balances on the financial statements. Describe the principal assertion of the selected account balance (existence, completeness, etc.)

Read this link to gain more information about the 5 assertions: https://pcaobus.org/oversight/standards/auditing-standards/details/AS1105

 

Craft a 3-paragraph response that answers the following question: Is the Raven in Edgar Allan Poe’s, “The Raven,” real or imaginary?

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Argumentative essay

Introduction
An argumentative essay is a type of writing that requires you to investigate a topic; collect, generate, and evaluate evidence; and establish a position on the topic. Argumentative essays are pieces of writing that aim to convince the reader of the writer’s own opinion.

In this unit, we read “The Raven” by Edgar Allan Poe. This poem tells of a scholar who has recently lost his lover. In order to cope with these feelings of loss, he has taken to secluding himself in his study where he continues to read various books. While he is doing this he then hears a knocking on his door and window.

The scholar then discovers that it is a crow that lets itself in. Then begins a long conversation between the scholar and the bird to which the crow only answers, “Nevermore.” The narrator is then subsequently driven insane from the crow’s repeating of the word to every question he asks and over the grief caused by his loss.

Instructions

Respond to Edgar Allan Poe’s, “The Raven,” by answering the following writing prompt in an argumentative essay

Prompt: For this essay, you will craft a 3-paragraph response that answers the following question: Is the Raven in Edgar Allan Poe’s, “The Raven,” real or imaginary? Use evidence from the poem and your own thinking to support your answer. This essay should explore how the different elements of the poem (setting, mood, imagery, symbolism) and the speaker’s word choice all contribute to the existence or nonexistence of the bird.

Solve the liner optimization model using excel solver. What is the optimal product mix? What will be the optimal product mix if the monthly supply for carrots reduces to 10,000?

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Data Analytics

HW (Optimization)

Purpose: To become familiar with the process of modelling a linear optimization problem, and solve the model using Excel Solver.

Note 1: Type your answers in this file and submit one MS Word file in Canvas. Copy/paste your results from Excel for each part of the question, and provide clear explanations of your results. You may also submit your Excel file for your record.

Note 2: Do not leave results from Excel without your explanations (Show your works).

A food company produces four different mixes of frozen ready-to-eat vegetables. The mixes consist of five different vegetables: carrots, mushrooms, green peppers, broccoli, and corn. The company manufactures four different mixes each sold in10 oz. bags. The mixes are Stir Fry, Barbecue, Hearty Mushrooms, and Veggie Crunch, and their contributions to earnings (per bag) are $0.22, $0.20, $0.18, and $0.18, respectively. The monthly supplies of carrots, mushrooms, green peppers, broccoli and corn are 150,000 oz., 80,000 oz., 135,000 oz., 140,000 oz., and 150,000 oz. per month, respectively. The compositions of the mixes are shown as follows.

  Stir Fry Barbecue Hearty Mushrooms Veggie Crunch
Carrots 2.5 2.0 0.0 2.5
Mushrooms 3.0 0.0 4.0 0.0
Green Peppers 2.5 2.0 3.0 2.5
Broccoli 2.0 3.0 3.0 2.5
Corn 0.0 3.0 0.0 2.5

For example, on bag of Stir Fry mix contains 2.5 oz. of carrots, 3.0 oz. of mushrooms, 2.5 oz. of green peppers 2.0 oz. of broccoli, and no corn. The company can sell all of the mixes that they produce.

Part 1: Construct a linear optimization model to determine the optimal product mix (i.e., how many bags of each mix to produce in order to maximize the contribution to earnings).

[(10 points) Decision Variables; (10 points) Objective Function; and (20 points) Constraints]

 

Part 2: Solve the liner optimization model using excel solver. What is the optimal product mix?

[(20 points) Structure the problem in Excel Solver; (20 points) solve the structured problem in Excel; and (10 points) provide the optimal answer]

 

Part 3: What will be the optimal product mix if the monthly supply for carrots reduces to 10,000?

 

 

 

Write a description of the research problem you propose to investigate and explain why you chose this topic. What should be considered in developing a good research idea?

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Question 1: The correct and complete sequence of steps in conducting research is as follows:

  • Identify broad area,
  • Select topic,
  • Decide approach,
  • Formulate plan,
  • Collect information,
  • Analyze data,
  • Present findings.

Using our Saudi Digital library (SDL) you should find two papers in accounting field and determine for each paper the steps described above.[4 marks]

  Paper1 Paper 2
1.The broad area of the paper    
2.The topic    
3.Approach used    
4.Data source    
5. Data analysis    
6.Findings    

Question 2: Write a description of the research problem you propose to investigate and explain why you chose this topic. [2 marks]

Question 3: What should be considered in developing a good research idea? [2 marks]

Question 4: What are the five categories of research methods?[2mark]

Question 5: Differentiate between Quantitative vs. Qualitative research. [2.5 mark]

Question 6: Define ANOVA and Regression Analysis [2.5 mark]

 

What is the goal of the capital structure decision? What is the financial manager trying to do?What are the contents and uses of financial plan ?

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3 small questions about finance

1-What is the goal of the capital structure decision? What is the financial manager trying to do?

2-What are the contents and uses of financial plan

3-How do firms develop a short term financing plan that meets their needs for cash? [100 words

 

How is this approach different from your current reading strategy? How was it uncomfortable? How can you begin to incorporate into your practice? Why is it important to read literature in this fashion?

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A reflection on Reading strategy

Write a reflection (250-500 words) about your interaction with the reading strategy presented in this assignment. Address the following items and your reflection in this document for submission:

  1. How is this approach different from your current reading strategy?
  2. How was it uncomfortable?
  3. How can you begin to incorporate into your practice?
  4. Why is it important to read literature in this fashion?
  5. Was there a moment when you had enough information about the article to stop reading and move on to another article?