reason/explanation implies no marks. Answers must be written on ruled spaces. All other writing will not be graded. Unruled pages may be used for rough work. a) The only difference between the capital market line (CML) and the security market line (SML) is that in the CML risk is measured using the standard deviation of returns while in the SML risk is measured using the beta. b) The value of an option at expiration is the maximum of its intrinsic value and zero. c) Speculators
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TECHNOLOGY Why Cloud Computing Matters to Finance By Ron Gill‚ CMA‚ CFM When was the last time you upgraded your ERP system? If the answer is “not in recent memory‚” then you aren’t alone. About two-thirds of mid-sized businesses are running old versions of their enterprise resource planning (ERP) system—in some cases‚ it’s software that’s three or more versions old. This is the legacy of decades of on-premise (in-house) software deployments‚ incremental releases that never seemed worth the
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The Changing Role of Managerial Accounting ANSWERS to Review Questions 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very significant issue of information security. Businesses need to find ways to protect confidential
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Case Study The ethical dilemma at Northlake Our story opens with an irate Jim McIntosh confronting his manager of corporate reporting: ’I thought we had an understanding on this issue‚ Frank. Tina tells me that you are threatening to go public with your stupid statements about the report. For Pete’s sake‚ Frank‚ wake up and smell the coffee! You’re about to damage all the important things in your life: your career‚ your friendships‚ and your company!’ Jean Letourneau Company President Jim McIntosh
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K34 SUBMITTED TO: Dr. Merlinda Bucad SUBMITTED BY: Hipolito‚ Chelsea Marie Y. July 15‚ 2013 ------------------------------------------------- ARTICLE CRITIQUE What Happened To Direct Labor Posted on May 9‚ 2013 by Bill Horst‚ CPA‚ CMA‚ CGMA Costing For Profitability http://costingblog.wvco.com/2013/05/09/what-happened-to-direct-labor/ One of the topics that come up frequently at our cost forums is related to the best method of allocating overhead to production. In years gone
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Literacy for the 21st Century: The Hope and the Promise A CML Reflection Resource Since the beginning of recorded history‚ the concept of "literacy" meant having the skill to interpret "squiggles" on a piece of paper as letters which‚ when put together‚ formed words that conveyed meaning. Teaching the young to put the words together to understand (and‚ in turn‚ express) ever more complex ideas became the goal of education as it evolved over the centuries. Today information about the world
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degree you will complete at Kaplan) you will need to perform certain duties of the job? If so‚ how do you plan to meet the criteria for applying and obtaining the extra education? a In order to become a medical assistant one must also take and pass the CMA certification examination (aama-ntl.org). I am currently furthering my education to become a medical assistant. My next steps are to graduate and take the certification exam. 5 Are there certain program accreditations required from your educational
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Teaching Through Technology : Boon or Bane Today we live in the age of took themselves to be intelligent read the information technology. Undoubtedly‚ assigned text. However‚ the axis has shifted technology has crept in almost all walks of in modern times and teaching today has life. The field of education is no exception. In become learner centered. Nevertheless‚ the first half of the twentieth century‚ the competent and efficient teachers are the back- industrial revolution brought
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The abbreviation of this constellation is CMa. Canis Major also appears in the night sky at the same time as Orion. If you follow the stars in Orion’s Belt you will run into the star sirius. Canis Major is also surrounded by lots of clusters and nebula. The best thing about Canis Major is that
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responsibility and standards such as integrity‚ credibility‚ competence and confidentiality. The aforementioned ethical practices improve on accountability‚ objectivity and reduce unprofessional behavior from the accountants in the business environment. CMA certification for Managerial Accounting
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