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What is a prior period adjustment?


What is a correction of an error?


What does retrospective mean?


What does prospective mean?


What does restating prior periods mean?


Thank you.


 

If a buyer's willingness to pay for a new Honda is €20,000 and she is able to actually buy it for €18,000, her consumer surplus is

a.

€18,000.b.

€20,000.c.

€2,000.d.

€0.e.

€38,000.


Consider you are working as a developer in a software house “XYZ” and you have to develop a program that will detect the Real time objects by using the Camera. As a developer, you have to decide which programming paradigm would be feasible to design develop this system.

Identify the programming paradigm from the list given below and justify your answer with proper reasons.


Object Oriented Programming Paradigm


Procedural Programming Paradigm



A $100,000 3% Ontario hydro bond matures November 30, 2016. The current date is November 20, 2013. The price you would pay is 98.9 to buy it. Are market interest rates are higher or lower than 3%?

An Indian multinational corporation has a subsidiary in the United Kingdom. To meet its investment needs that subsidiary firm wants to raise GBP 10 million by issuing five-year bonds in the British market at a coupon rate of 10percent per annum, payable annually. The current spot rate is GBP/INR 82. The INR is expected to depreciate at 1 percent each year for the next five years what is the effective cost of debt to the Indian MNC? Determine the Net Cash Flows for five years is as follows. 8marks


Year 1 2 3 4 5


57.98 62.75 63.38 64.02 926.93



The company produces alkaline batteries for two groups of consumers (poor and rich) whose inverse demand functions are below. MC=40. How many times should the number of poor consumers be greater than the number of rich consumers to justify the focus on the entire consumer surplus of the poor group?

P1 = 160 - 20Q;

P2 = 200 - 16Q


P1.1 Perform research on mechatronic systems that are used in vehicles. Identify the type of sensors and/or actuators that are used in the following systems.

a. Air bag

b. Door locks

c. Powered side mirrors


Assume that a car decelerates at 2.0m/s2 and comes to a stop after traveling 25m.


a) Find the speed of the car at the start of the deceleration and


b) Find the time required to come to a stop.


International agreements require that states sometimes sacrifices their domestic needs to honor their international responsibilities, discuss these using appropriate examples  



You own a farm and grow seasonal products such as pumpkins, squash, and pears. Most of your business revenues are earned during the months of October to December. The rest of your year supports the growing process, where revenues are minimal, and expenses are high. In order to cover the expenses from January to September, you consider borrowing a short-term note from a bank for $300,000. Based on this scenario, please complete the following:

  • Research the lending practices of a local bank.
  • Determine the interest rate charged for a $300,000 loan.
  • Determine the collateral the bank requires to secure the loan?
  • Determine your overall payback amount if you were to repay the loan in less than one year.
  • Choose either a payback with periodic payments or all at the end of the loan term, and compare the
  • outcomes.
  • After conducting your research, would you consider borrowing the money?
  • What positive and negative outcomes accompany borrowing the money?
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