Statistics presentation Coursework Example | Topics and Well Written Essays - 1500 words

Statistics presentation - Coursework Example This formula is based on the risk free rate of the security, the beta factor of that security and the difference between the risk free rates of that stock. Understanding the testing of the CAPM, requires a good knowledge of these components of the CAPM. Investing in various securities in the securities market has various risks that the investors must consider when putting their funds in such securities (Sharpe, 2010). These risks are represented in the CAPM formula are the unsystematic risk in the market. The risk in each company’s stock is accounted for in the capital asset pricing model formula with the beta factor as the unsystematic risk factor. In this work of capital asset pricing model testing, beta factor in the formula is used to measure the level of risk when an investor decides to invest in any of the 20 companies discussed relative to the market risk (Mullins, 2012). For this coursework, the beta of the market would be 1 of the FTSE market index of the 20 companies. In measurement of the CAPM, an individual security, which will have a beta of 1.5 will be riskier than the market and less risky than the market if the stock has a beta of 0.5. The formula of the Capital Asset Pricing Model is given as The risk free rate in the Capital Asset Pricing Model (CAPM) formula is the rate which is expected by the investors to be free from any risk when they invest in any of the companies’ stocks. These are like the Treasury bill rate for governments and are generally used as it is short term. Besides, the risk premium is also a component of the CAPM. The capital asset pricing model is made up of two components. If this market risk is multiplied by the beta factor of the market and added to the risk free rate, then, the expected return of the stock can be determined and tested in this case (Lakonishok and Allan, 2013, pp.16). Risk is the same with the volatility. For example, if the market risk is 1 and in the test a better of 2 was found then, the

Auditing Accounts Receivable Essay Example | Topics and Well Written Essays - 500 words

Auditing Accounts Receivable - Essay Example Supporting documentation can include a receipt of purchase, check numbers, and invoices just to name a few. Such analytical procedures to verify existence assertions would be bank reconciliations and cash flow analyses. Without the documentation and analytical procedures to support financial transactions, the accuracy of the accounts receivable will not be strong and this will greatly overstate or understate each account. To correct this, the existence and rights assertions are necessary to audit each account and verify that each transaction recorded has been recorded accurately and within the specified time period. The payroll cycle is a common source of frustration for an accounting and auditing department because of the myriad errors and cases of fraud that can take place. Employees may turn in fraudulent time sheets that state they have worked more or less hours than were actually completed. Supervisors may not adequately review all time sheet data and it may be passed through the payroll cycle without ever being checked for accuracy. Furthermore, employees can sometimes create ghost employee records where payroll is paid to an employee that does not exist and costs the company thousands of dollars in unnecessary payroll expenses. Separation of duties is a common control method utilized by accounting and payroll professionals to detect payroll errors and catch fraudulent activity before it ever truly becomes an issue. For instance, companies are encourage to â€Å"have a minimum of two employees review bank statements and returned checks every month. Also, divide Payroll duties so differen t people are responsible for approving time sheets, entering hours worked data, distributing paychecks, etc.† (Bilski, 2010). Having multiple people fill specific duties throughout the payroll cycle will have an adequate set of controls in place to

Critically evaluate Direct payments in relation to Personalisation Essay

Critically evaluate Direct payments in relation to Personalisation - Essay Example When one has the power of choosing and the power of control, it will hence lead to the life of a person to be in the best state (Barron 2010, p.57). Moreover, due to pay down assists in the privatisation policy, many other critical factors are brought into the light. Factors such as trying to ensure a proper and global proximity to both the societal and services that are termed as free by the government are considered (Bornat 2008, p.67). Others such as the intervening and also the early processes of intervening, the growth and also the continuous producing of services in social societies, and also the sector that does involve social care, trying to improve the levels of access to vital information, and also the guidance of all persons, who do utilise this primary social care amenities. This is irrespective of how they are planned to get their funding, and achieving recognition and other supportive aspects of this field (Hazel 2011, p.34). Direct payments which in short form are termed as DPs, are payments in cash form, that are paid to a person, for which they are now able to manage and also make designs of customized help so as to be able to obtain their various needs that are pertain able to social care (Glasby 2009, p.23). Therefore, the channel that submits funds for direct payments, originates from the authorities locally. Even though direct payments have always been present since the year 1996, they are currently one of the many choices that persons who are hence availed for a personal budget (Rogowski 2010, p.87). It is hence evident and without argument that, the number of persons who utilise direct payments as a want, has with time grown constantly from 50 to 3373, from the years 2002 to the year 2008. It is also observable that, the numbers of persons who utilise direct payments, from the year 2007 to 2008, have increased in terms of per cent, roughly rising by 61%. This is indeed one of the largest

HL1003N Reading Twentieth Century Fiction Essay

HL1003N Reading Twentieth Century Fiction - Essay Example During the course of the evening, Gretta is reminded of a man named Michael Furey, a man who is not her husband, but whom she once loved many years ago. In the first occasion she is reminded of the town of Galway, where she had her relationship with Furey. Second, she listens to a song by Mr. DArcy which is the same song Furey sang on their long walks through the countryside. This too takes her away to different time and place. Gabriel for his part does not pay much attention to his wife. He did not really want to go to the dance and feels alienated from the people there. He doesn’t know how to talk to them and doesn’t really seem to want to talk to them. When he leaves to go back to the hotel with Gretta he thinks, â€Å"they had escaped from their lives and duties† (169). He doesn’t like it there. Only then does he see that Gretta is in a different kind of mood. Not only was she not paying attention to much of the party, but she was lost in the past†”thinking mostly of a dead man who had influenced her life so much. She finally tells Gabriel about how Furey had died as a young man after catching cold while standing outside of her window in the rain shouting up to Gretta that he did not want to live without her. After his wife has gone to bed, Gabriel thinks about his own life and about his wife; he feels like he leads a passionless existence. At first he was angry at Furey, but finally he begins to see that the passion that motivated Furey focused and encouraged a good life. He looks at his sleeping wife: â€Å"He thought of how she who lay beside him had locked in her heart for so many years that image of her lover’s eyes when he had told her that he did not wish to live† (176).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The dead are everywhere in this story. They are, for example, the subject of Gabriels speech at the dinner after the

Case - Mohammed Vs. E&Z Electronics Study Example | Topics and Well Written Essays - 1250 words

- Mohammed Vs. E&Z Electronics - Case Study Example Argument Firstly, as Mohammed purchased a washing machine from E&Z Electronics, this means that the parties had a contract of sale between them. In a contract of sale, there are some conditions and warranties that may be express or implied. Express conditions and warranties are expressly and mutually agreed upon by the parties to the contract. Implied conditions and warranties are not expressly agreed upon by the parties but are applicable and have to be complied with because of operation of law or usage in business. It is worth noting that E&Z Electronics is a major distributor and reseller of L&G electronic products in Dubai. Therefore, it is very safe to assume that as the seller, E&Z Electronics was acting in the course of the business. S 14(2) of Sale of Goods Act, 1979 provides that, â€Å"Where the seller sells goods in the course of a business, there is an implied condition that the goods supplied under the contract are of merchantable quality...† Also, the defect in t he machine was not drawn to the attention to the attention of the buyer nor the buyer could have unveiled the defect through his examination of the machine. Therefore, there is a breach of condition by E&Z Electronics which gives the plaintiff a right to repudiate the contract. ... The defect in the washing machine was as latent to the plaintiff as the snail in the ginger beer bottle in Donoghue v Stevenson. Conclusion The plaintiff must be awarded damages for the injury and loss that he has suffered because of the negligence of E&Z Electronics and the manufacturer. Also, he must be given the right to treat the contract with E&Z Electronics as rescinded and receive his money back which was paid as the purchase price of the washing machine. 2 IN THE HIGH COURT FOR THE STATE OF LOUISIANA Case No. XXXX Mohammed, Petitioner, vs. E&Z Electronics and XXX (The Manufacturer) Respondents. Issue The issue is whether Mohammed is entitled to a compensation for his injuries and loss from E&Z Electronics and the manufacturer of the faulty washing machine and to a right to repudiate the contract. Facts The plaintiff, Mohammed, purchased a washing machine from one of the defendants, E&Z Electronics. The washing machine had a defective electrical switch due to which it malfunct ioned and resulted in significant bodily injuries and property damages to Mohammed. Reasoning There was a contract of sale between E&Z Electronics and there has been a breach of implied condition of merchantability because E&Z Electronics was acting in the course of business and it is reasonably expected of E&Z Electronics to know about such defects in the machinery that they deal with. It is a condition because it goes to the very root of the contract and its breach defeats the whole purpose of the contract. It would have been a warranty if it was just a term collateral to the contract. In this case, the washing machine had to be safely usable. Otherwise, there is no purpose of buying the washing machine. E&Z Electronics is also responsible for

Data warehouse, data mart and business intelligence Essay - 1

Data warehouse, data mart and business intelligence - Essay Example ique data structure that allows comparatively rapid and trouble-free performance of big and complex queries over large amounts of data (Business Intelligence Secrets, 2012). Additionally, the data warehouse is built to support the business intelligence tasks and decision support systems of an organization. However, the data warehouse is developed on the basis of relational database that supports queries and reporting instead of traditional business transaction processing. Moreover, it typically holds historical data resulting from transaction data; as well it can gather data from other corporate sources. Also, it divides bossiness analysis workload from corporate operations workload and allows a business to merge data from numerous sources (Oracle Corporation, 2002; Einbinder, Scully, Pates, Schubart, & Reynolds, 2001). There is another concept related to business intelligence known as data mart, it is a business decision support structure that integrates data from different sources and focuses on major processes or tasks of the business. In addition, the data marts encompass exact business related processes and principles like that forecasting sales, determining performance and influence of marketing promotions, assessing the influence of new product launching on business income or calculating and forecasting the working of a new business division or department. In fact, data marts are strictly business related software systems. Though, data marts can capture large amounts of data, even hundreds of gigabytes, but it cannot be larger than the data warehouse, which is also used by similar businesses. On the other hand, data marts are more aligned with specific company motives, system requirements and planning and analysis are performed in an effective manner and as a result implementation, design, i nstallation and testing are less expensive as compared to data warehouses (Demarest, 1993; Firestone, 1997). In addition, they can be developed rapidly and they are

Political Ideology Essay Example | Topics and Well Written Essays - 2500 words

Political Ideology - Essay Example However, Alexandre Kojve, describe the platonic ideology not only as the science of ideas but also as a science of object reality in his Essai d'une histoire raisonne de la philosophie paenne (vol. II, Platon et Aristote). Pierre Daunou, Constantin-Franois Volney, Pierre Cabanis, and Dominique Garat, claims to be an ideology as Destutt de Tracy, but the term was used to belittler or express disapprover of it by Napoleon and Franois Ren de Chateaubriand. [1] Also, Karl Marx, present ideology as a critical sense that displayed the opposition between the noble senses given to ideology by Destutt de Tracy, which is having a negative meaning. In Germany, ideology, as an expression of alienation and it is essentially incapable of dialectical relationship that unit or resist those representation. Ideology would then be seen as the discourse of a class, a party, or an association that seeks to cultural achievement, political post, economic, intellectual, spiritual, or other domination over society and individuals. Communist are different from other working class because they point out and bring about the common interest of the entire proletariat, independently of the citizen, they represent the interest of the movement entirely. As a result of this, Marx's and Engels' view that Communist were not a partisan attachment to any form of organization, but only to the working class beyond it and the class as a whole. Successful or not, Marx and Enge ls have never for a day played a full time political leader of a party organization or active leader of mass working class organization or elite vanguards, unlike Kautsky, Lenin, or Mao. They only serve as an intellectual to the emerging German Social Democrats and other working-class parties in Europe. Engels, work did more than marx's to attract and convert people to the must influential political parties or movement of the modern times. As a result of this, we can absurd to say that Engels invented Marxism. He was not only the first Marxist historian, but also an anthropologist, philosopher, and commentator on the early Marx. Presently, Marx and engels are protected from being denounced by certain activists as hypocritical idealist whose political knowledge is at variance with their theory. The communist in the world today are very few because those who think they are communist are deeply involve in political groups that demand primary loyalty to themselves rather than to the working class. Whereby the definition of political ideology of both Marx and Engels, which is in the interest of the working class as a whole, turns out never to be at variance with the interests of their own political party. [13] On the other hand, Gramsci depart from the definition of hegemony that was widely accept by Marxist during the worldwide economic depression in the early 30s, when Marxism theory failed in most advanced capitalist nations of the west. This was considered by Lenin to be a strategy of political leadership in the democratic revolution where leadership was base on a fundamental alliance with the peasantry. He did not