1.5-17 SOX allows CPA firms to
provide which of the following services to existing audit clients, but ONLY if pre-approved
by the audit committee?
A. Consulting.
B. Tax
C. Financial information design
D. Bookkeeping

1.5-18 SOX requires that the
company’s financial statements be certified by the company’s:
A. CFO.
B. CEO.
C. CFO and CEO.
D. Controller.

1.5-19 SOX requires publicly
traded companies to have ___________ assessed annually.
A. their internal control system
B. their financial Reporting procedures
C. their internal control system and financial Reporting
system
D. none of the above

1.5-20 The
SEC has moved to adopt IFRS for which types of companies?
A.
All U.S. companies
B.
Only foreign companies operating in the US
C.
All U.S. publicly traded companies
D.
All U.S.
private companies

1.5-21 IFRS stands for:
A.
International and Foreign Reporting Systems.
B.
International Financial Reporting Standards.
C.
Important Foreign Registering Systems.
D.
International and Foreign Registering Standards.

1.5-22 XBRL stands for:
A.
eXtensible Business Reporting Language.
B.
eXisting Business Responsibility Language.
C.
eXtensive Business Registering Location.
D.
eXtractable Business Reporting Location.

1.5-23 All publicly traded companies will be required to
use XBRL by the year:
A.
2010.
B.
2011.
C.
2015.
D.
2017.

 

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You will create a PowerPoint document that will cover the topics and content that was discussed in both of your course project written assignments on your pathological condition. You will be assessed upon the content within the PowerPoint document, the organization of your content, the aesthetics of the PowerPoint document, and reference page. There is not specific requirement for total number of slides in your PowerPoint document, but your PowerPoint presentation that is due at the end of Module 06 will have a 5-10 minute time requirement.

• Posted: 4 years ago
• Due: 10/12/2015
• Budget: $50

 

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MyOriental is a new supermarket chain that specialises in imported Asian products. It has

opened branches in several Australian cities over the past three years. The Chief Financial

Officer (CFO) is keen to estimate and compare the daily revenue achieved in Perth,

Darwin, Melbourne and Sydney where MyOriental has invested the most. Due to data

availability, the CFO does not have the full record of daily revenues. A random sample of

daily revenues for each location is all she has. Having understood that working with the

population is not possible, the CFO asks you to apply statistical inference to conduct the

analysis. (The dataset is given on the second attachment “Daily Revenue”). Your answers

should try to address the following:

1. Choose appropriate approaches to summarise the dataset and in non-technical terms,

briefly discuss why you think the chosen approaches are appropriate.

2. Explain to the CFO why a sample mean can serve as an estimate for the mean daily

revenue of that city but the accuracy of the estimate is not the same across cities. Advise

the CFO which sample mean serves as the best estimate for the mean daily revenue of

that city.

3. The CFO wonders if the mean daily revenue is the same for all cities. Test if the CFO’s

hypothesis holds and interpret the results. (The test results should be generated using

Excel)

4. The CFO believes that the mean daily revenue is the same for Melbourne and Sydney

(the largest two branches MyOriental has). Test if the CFO’s hypothesis holds and

interpret the results. (The test results should be generated using Excel)

 

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1. Prepare Excel spreadsheets for the following: The Coca-Cola Company and Subsidiaries Consolidated Statements of Income, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows. (The financial statements are located in Appendix C of the textbook or e-book.) (Omit footnotes or any reference to the Notes to Consolidated Financial Statements.)

2. Your spreadsheets should include formulas for the following: (not hard-keyed numbers)

a. Income Statement

i. Gross Profit

ii. Income from Continuing Operations before Income Taxes

iii. Net Income from Continuing Operations

iv. Consolidated Net Income

v. Net Income Attributable to Shareowners of the Coca-Cola Company

vi. Basic net income per share from continuing operations

vii. Basic net income per share from discontinued operations

viii. Basic Net Income Per Share

ix. Diluted net income per share from continuing operations

x. Diluted net income per share from discontinued operations

xi. Diluted Net Income Per Share

b. Balance Sheet

i. Total Cash, Cash Equivalents and Short-Term Investments

ii. Total Current Assets

iii. Total Assets

iv. Total Current Liabilities

v. Total Liabilities (You will need to insert a row in the appropriate place.)

vi. Equity Attributable to Shareowners of the Coca-Cola Company

vii. Total Equity

viii. Total Liabilities and Equity

c. Statement of Cash Flows

i. Consolidated net income (Link to Income Statement)

ii. (Income) loss from discontinued operations (Link to Income Statement)

iii. Net income from continuing operations (Link to Income Statement)

iv. Net cash provided by operating activities

v. Net cash provided by (used in) investing activities

vi. Net cash provided by (used in) financing activities

vii. Net cash provided by (used in) discontinued operations

viii. Net increase (decrease) during the year

ix. Balance at beginning of year (2017 only) (Link to Balance Sheet)

x. Balance at end of year (DO NOT link to Balance Sheet. This number should match the amount on the Balance Sheet. If it does not, then there’s an error in your spreadsheet that you will need to find and correct)

3. Each financial statement should be on a separate worksheet that is named to indicate the appropriate financial statement.

4. On a separate worksheet within the same workbook, compute all of the financial ratios from Appendix 5A, Illustration 5A.1, for 2017.

a. To compute the “average”, you will take the beginning balance plus the ending balance and divide by 2. This is true for any account, e.g. current liabilities, net accounts receivable, inventory, etc.

b. Use “Net Operating Revenues” for Net Sales.

c. Use “Consolidated Net Income” for Net Income.

d. Coca-Cola has no preferred stock; therefore, there are no preferred dividends.

e. Use “Total Equity” for Common Stockholder’s Equity.

f. Use “Average Shares Outstanding – Basic” for Weighted-Average Common Shares Outstanding and for Outstanding Shares.

g. Find the market price per share of Coca-Cola stock on the day that you do this assignment. Indicate the date and source of your market price.

h. Modify your formula to ensure that your Payout ratio is a positive number.

i. Capital expenditures are included in the statement of cash flows as “Purchases of property, plant and equipment.”

 

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