In the four scandals of the ‘rogue traders’ and their respective banks‚ factors leading to the incidents are similar. In the Barings Bank and Nick Leeson scandal‚ we see a high management person who rose up to a position after building up on his reputation. Being transferred to the securities department after being promoted to general manager‚ the lack of experience trader along with a group of trading professionals were teamed to garner for smaller profits. Instead of fulfilling his role and work
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Frist step ‚ collecting the data from Yahoo. Finance‚ and calculate the quarterly return by the formula (return of fourth mouth- the return of frist mouth)/ retrun og first mouth Question a Average quarterly return= average (all returns of one asset) Standard deviations= stdeva (all returns of one asset) Question b and c File—options—add-ins—solver add in--go‚ and click all the options‚ then using the data analysis‚ choosing correlation (covariance)‚ then selecting all the returns of all
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Case study #1 1. Prepare a variable- costing income statement to determine the profitability of the Costco opportunity. Costco Wholesale Corporation Variable-costing Income Statement For two months Volume level 30‚000 45‚000 60‚000 Sales @ $4.25 per pound $127‚500.00 $191‚250.00 $255‚000.00 Less: Variable expenses: Salmon fillet cost @ $3/pound $90‚000.00 $135‚000.00 $180‚000.00 Repackaging labor @ $9/hour‚ repackage 75 pound/ hour $3‚600.00 $5‚400
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A Short Essay of Rogue Trader In the movie Rogue Trader‚ Nick Leeson‚ a trader on behalf of the Barings Bank of England‚ made a series of financial fraud to cover the loss he incurred in trading—up to £800 million—in the Singapore International Monetary Exchange which ultimately led to the fall of Barings Bank. This tragedy was a mixed result of the personal greed and the lack of control in Barings Bank’s system. Most of the COSO internal control frameworks were violated with the “Control Environment”
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Statistics and parameters. Properties for a statistic. Central Limit Theorem. Distribution of the sample mean‚ difference in means and the proportion. Point and interval estimates for the mean‚ difference in means‚ and proportion. Hypotheses testing and types of errors. Significance levels and p values. Small sample testing: Chi square‚ t and F distributions and their properties. Applications of chi square and t distributions to interval estimates and tests. UNIT 2 : CLASSICAL TWO VARIABLE LINEAR
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successfully. This is seen during slavery when slave traders and slave master tried to control people for their own benefit and wellbeing. The slave traders kept the slaves in inhumane conditions on ships below decks‚ where overcrowding and extremely unsanitary conditions where a common theme on these ships. The slaves were never allowed on the deck of a ship and the only time they were able to get up there they got beaten by the slave traders. Also the slave masters did not treat the slaves like
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Surf Excel‚ launched in 1954‚ is one of the oldest detergent powders in India and Pakistan. Initially‚ the brand was positioned on the clean proposition of “washes whitest”. However‚ with the emergence of numerous local detergent manufacturers and the entry of other global brands‚ Surf Excel underwent various changes in its Brand Communication; from ’lalitaji’ to ’dhoondte reh jaaoge’ to ’jaise bhi daag ho‚ surf excel hai na’‚ and is today communicated on the platform of ’Dhaag achcha hai’. This
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Trader Joe’s is named after its founder‚ Joe Coulombe. The chain began in 1958 as a Greater Los Angeles area chain of "Pronto Market" convenience stores. The original Pronto Markets were similar to 7-Eleven stores‚ so similar Coulombe felt the competition with 7-Eleven would be ruinous.[6]He is said to have developed the idea of the Trader Joe South Seas motif while on vacation in the Caribbean.[7] He had noticed that Americans were traveling more and returning home with tastes for food and wine
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Excel system MIS 241-001 NC A&T State University A. Define the competitive advantages of an Excel system in general. An Excel system is very useful in the business world allowing many tasks to be overcome more effortlessly. One advantage is calculations enabling issues to be solved with few errors when dealing with placement of numbers and topic in there needed category; along with number placement there is also so many tools and formulas that make finding an answer so much easier
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Spreadsheet Evaluation To create an ICT solution to record and analyse costs for the Actors Associates business I chose Microsoft Excel because it presents the information in a clear way which is easy for the reader to understand. It also performs quick and easy calculations. Use of Formulae. In my excel spreadsheet‚ I used different formulae to perform calculations. Some of the formulae I used include addition and multiplication‚ which i believe are input correctly. I used replication to
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