1.What does ?arbitrage? mean? Is it the same as ?profit? or is it different?2. David wants to check whether there is an arbitrage opportunity. How can he check for it? Is there an arbitrage opportunity here?3. David wants to make money here. He is not sure which currency to borrow. He can borrow $1,200,000 or the equivalent in euros which is ?1,000,000. How can he […]

1.    Bill Young believes that because his employees were not responsible for the 9/11 attacks, they should not have to suffer loss of income as a consequence. Businesses are always subject to economic forces over which they have little or no control.  Should the business response to something like the 9/11 attacks be any different from the response to “normal” fluctuations in the business cycle?  If […]

The following is required for the fourth requirement of the case study:Use the prepared template to develop a revised cash budget for MTI for the 2001-2002 fiscal year. Note that the spreadsheet model incorporates Billy Young’s assumptions that (1) the entire impact of the $199,000 reduction in revenues in Exhibit 6 occurs in September, and (2) that the salary increase and new hire are off the table […]

AASB 4201.  Tiger Co operates an activity-based costing system and has forecast the following information for next year.Cost Pool                                          Cost           Cost Driver              Number of DriversProduction set-ups                         £105,000       Set-ups                                      300Product testing                              £300,000       Tests                                      1,500Component supply and storage        £25,000       Component orders                     500Customer orders and delivery         £112,500       Customer orders                     1,000General fixed overheads such […]

3.  Holden plc is a large multinational organisation.a.      Explain the term ‘decentralised structure’ and  the advantages and disadvantages that Holden plc might experience if it adopts a decentralised structure                                                                                         b.     Explain the term ‘transfer price’.  What are  the different methods that Holden could use to determine the price it uses to transfer goods or services from one division to another                                                                          Discuss the problems that arise specifically […]

4.    Much of our  management accounting theory in the UK was developed in the                                               1800’s and many of these techniques are still used in the UK today.           Other countries have developed other techniques and principles, which have       also been proven to work, although they are very different to those used in this country.           The Japanese company Toyota developed a new theory, the Toyota […]

SECTION A – 1.  Tiger Co operates an activity-based costing system and has forecast the following information for next year.Cost Pool                                          Cost           Cost Driver              Number of DriversProduction set-ups                         £105,000       Set-ups                                      300Product testing                              £300,000       Tests                                      1,500Component supply and storage        £25,000       Component orders                     500Customer orders and delivery         £112,500       Customer orders                     1,000General fixed […]

“Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc. Indirect Taxes are applied on the manufacture or sale of goods and services1. Based on the above statement, you are required to write about direct taxes and indirect […]

Review the three components in the background material to answer three questions about accounting and its purpose:What is accounting?What is the importance of accounting?What are corporate financial statements?Case AssignmentThe background information for the module includes the basic ideas, but for more ideas go to the optional background source principlesofaccounting.com. The site also offers multiple videos that you may find relevant. You may also use other sites […]

INTRODUCTION TO FINANCIAL ACCOUNTINGBefore you start the assignment, test your understanding of concepts covered in the assignment. It is not a graded quiz, but a tool for reviewing some key points. The tool can be used multiple times.There are many organizations, requirements, and credentials supporting accounting standards and the profession. We will review six acronyms associated with financial accounting.RequiredBriefly define and/or discuss the terms listed below. Use […]