Managerial Finance Final Exam free essay sample

NOT  normally regarded as being a barrier to hostile takeovers? (Points : 5)|   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Abnormally high executive compensation Targeted share repurchases Shareholder rights provisions Restricted voting rights Poison pills | 2. (TCO F) Which of the following statements is correct? (Points : 5)| The MIRR and NPV decision criteria can never conflict. The IRR method can never be subject to the multiple IRR problem, while the MIRR method can be. One reason some people prefer the MIRR to the regular IRR is that the MIRR is based on a generally more reasonable reinvestment rate assumption. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3. Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions?   Free cash flow:  Ã‚  Ã‚  Ã‚   -$15  Ã‚  Ã‚  Ã‚  Ã‚  $10  Ã‚  Ã‚  Ã‚  Ã‚  $40 a. $315 b. $331 c. $348 d. $367 e. $386 (TERMINAL VALUE)TV4 = FCF3(1 + g)/(WACC g) = $40(1. 05)/(0. 13 0. 05) = $525 (PV)Value of Operations = -/(1. We will write a custom essay sample on Managerial Finance Final Exam or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 13) + $10/(1. 13)2 + ($40 + $525)/(1. 13)3 = $386 5. (TCO G) Based on the corporate valuation model, Bernile Inc.s value of operations is $750 million. Its balance sheet shows $50 million of short-term investments that are unrelated to operations, $100 million of accounts payable, $100 million of notes payable, $200 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firms value of equity, in millions? a. $429 b. $451 c. $475 d. $500 e. $525 Value of equity = Value of operations + short term investments long term debt notes payable = $750 + $50 $200 $100 = $500

Managerial Finance Final Exam free essay sample

NOT  normally regarded as being a barrier to hostile takeovers? (Points : 5)|   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Abnormally high executive compensation Targeted share repurchases Shareholder rights provisions Restricted voting rights Poison pills | 2. (TCO F) Which of the following statements is correct? (Points : 5)| The MIRR and NPV decision criteria can never conflict. The IRR method can never be subject to the multiple IRR problem, while the MIRR method can be. One reason some people prefer the MIRR to the regular IRR is that the MIRR is based on a generally more reasonable reinvestment rate assumption. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3. Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions?   Free cash flow:  Ã‚  Ã‚  Ã‚   -$15  Ã‚  Ã‚  Ã‚  Ã‚  $10  Ã‚  Ã‚  Ã‚  Ã‚  $40 a. $315 b. $331 c. $348 d. $367 e. $386 (TERMINAL VALUE)TV4 = FCF3(1 + g)/(WACC g) = $40(1. 05)/(0. 13 0. 05) = $525 (PV)Value of Operations = -/(1. We will write a custom essay sample on Managerial Finance Final Exam or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 13) + $10/(1. 13)2 + ($40 + $525)/(1. 13)3 = $386 5. (TCO G) Based on the corporate valuation model, Bernile Inc.s value of operations is $750 million. Its balance sheet shows $50 million of short-term investments that are unrelated to operations, $100 million of accounts payable, $100 million of notes payable, $200 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firms value of equity, in millions? a. $429 b. $451 c. $475 d. $500 e. $525 Value of equity = Value of operations + short term investments long term debt notes payable = $750 + $50 $200 $100 = $500

Free Essays on Herbert Croly

I was born on January 23, 1869, in New York. Both my mother and my father were journalists. My father's name is David Croly and my mother's name is Jane Cunningham. Some of my early on goals included graduating from Harvard University, and becoming a well-known journalist, both of which were later achieved. After graduating from Harvard University, I became the editor of Agricultural Record. In 1909, I published the book titled The Promise of American Life. In this book I stressed several of my political views, such as the need for a planned economy, increased spending on education, and a society based on "brotherhood of mankind." Many people believe that this book influenced Theodore Roosevelt and Woodrow Wilson. In 1914, a good friend of mine by the name of Williard Straight, asked me to be the first editor of the New Republic. When the New Republic was first published in November 1914, only 875 copies were made. After a year of circulation this magazine published more then 15,000. This became a strong supporter of the views of Theordore Roosevelt and the Progressive movement. When World War I first broke out, I was against Americas entry. I wanted the United States to remain neutral. After I heard about the sinking of the Luistania,I supported Americas entry, and the New Republic became a supporter of Woodrow Wilson and his decision to declare war on Germany. After the war, I began to be very critical of Woodrow Wilson and his decisions.As it is stated, I said that the Treaty of Versailles was " a treaty on annihilation." I also disliked the League of Nations, saying that it was an organization that "would perpetuate rather then correct the evils of the treaty." Sales of the New Republic increased during the war, but declined in the 1920's. I remained editor of this magazine up until my death on May 17, 1930.... Free Essays on Herbert Croly Free Essays on Herbert Croly I was born on January 23, 1869, in New York. Both my mother and my father were journalists. My father's name is David Croly and my mother's name is Jane Cunningham. Some of my early on goals included graduating from Harvard University, and becoming a well-known journalist, both of which were later achieved. After graduating from Harvard University, I became the editor of Agricultural Record. In 1909, I published the book titled The Promise of American Life. In this book I stressed several of my political views, such as the need for a planned economy, increased spending on education, and a society based on "brotherhood of mankind." Many people believe that this book influenced Theodore Roosevelt and Woodrow Wilson. In 1914, a good friend of mine by the name of Williard Straight, asked me to be the first editor of the New Republic. When the New Republic was first published in November 1914, only 875 copies were made. After a year of circulation this magazine published more then 15,000. This became a strong supporter of the views of Theordore Roosevelt and the Progressive movement. When World War I first broke out, I was against Americas entry. I wanted the United States to remain neutral. After I heard about the sinking of the Luistania,I supported Americas entry, and the New Republic became a supporter of Woodrow Wilson and his decision to declare war on Germany. After the war, I began to be very critical of Woodrow Wilson and his decisions.As it is stated, I said that the Treaty of Versailles was " a treaty on annihilation." I also disliked the League of Nations, saying that it was an organization that "would perpetuate rather then correct the evils of the treaty." Sales of the New Republic increased during the war, but declined in the 1920's. I remained editor of this magazine up until my death on May 17, 1930....

Ice Mountain Water Term Paper Example | Topics and Well Written Essays - 3500 words

Ice Mountain Water - Term Paper Example The current paper successfully achieved its objective of presenting a marketing plan to evidently show a more in-depth understanding of marketing, the strategic planning process, and the key elements involved in developing and implementing a marketing plan. From the presented information, it was disclosed that Ice Mountain Water needs to implement the proposed marketing strategies to correct the weaknesses and thwart the risks brought about by the identified threats in the external environment. The tactical actions would ensure that the suggested marketing mix strategies would be undertaken effectively through the provided rationalization and justifications. Likewise, monitoring would ensure that Nestle Waters would determine the progress of the proposed strategies in meeting the identified goals.The current discourse aimed to present a marketing plan for Ice Mountain Water which would enable presenting an assessment of its present condition, as to propose areas of improvements based on the results. As such, one proposed that Ice Mountain Water should address the negative image and EWG rating that has been generated by Ice Mountain Water to achieve the following goals: (1) to increase preferences of consumers to purchase the product and to be included among the top 10 bottled water brands in the United States in 2016 and onwards; and (2) to increase the market share for Ice Mountain Water to at least 5% in 2015. Several marketing strategies according to the marketing mix for two (2) types of target clientele were likewise suggested.

Immigration In The US Essay Example | Topics and Well Written Essays - 1000 words

Immigration In The US - Essay Example   The constant acculturation causes a hybrid culture as both minority and majority culture traits are fused together while assimilation assumes a majority static culture that has to be adopted by smaller ethnic groups but discounts the influence of small ethnic groups on the majority culture.  Pluralism encourages group diversity along with maintenance of group boundaries and can be seen as opposed to assimilation. Structural pluralism holds that segregated communities exist within the larger cultures who conduct social relations internally through localized institutions. In contrast, liberal pluralism allows the individual to choose how pluralist one wants to be such as many people associate with ethnic traits and practices generations after immigration. The resistance by Euro-Americans is available as evidence of pluralism such as by marriage within local groups only.  Transnationalism is the creation of combined plural civic and political memberships, economic involvements, social networks and cultural identities which link people and institutions in more than one diverse nation state in a multi-layered pattern. Immigration in the late nineteenth and early twentieth century’s created a back and forth movement of immigrants who helped move cultural values across borders through effective means of communication and transport. Such immigrants developed trans-local boundaries in order to protect the ideas of citizenship and belonging to their mother countries. Changes in the early twentieth century ensured that immigrants developed a plural identity in America and their mother state’s without fear of opposition. The present day transnationalism is far more diverse and encompasses private and public spheres of operation. Second generations of transnational immigrants display mobility in parental ethnic groups as well as in America society. The best method for immigrants to adapt to the host society derives through a combination of pluralism an d transnationalism. Immigrants cannot be expected to revoke their ethnic, cultural and religious ties to the mother country within a few short years of arrival in the host country. Instead the immigrants hold onto their identities in the form of transnatinoalism while the host society has to display pluralism in order to make the immigrants more accepted in society. The use of assimilation would on the other hand lead to friction between immigrants and host societies as a revocation of values is deemed necessary for cultural integration. Do women have more to gain or more to lose from migration (for instance, compared to men)? You can think about this issue in terms of the causes of migration, the relative difficulty/ease of migrating for women, the occupational and economic status of women migrants in the host society, or the impact of migration on women’s social status within the family/household. Women like men stand to gain and lose at the same time due to immigration but their losses are considerably greater than those experienced by men.

Literature of the African Diaspora Essay Example | Topics and Well Written Essays - 1250 words

Literature of the African Diaspora - Essay Example Of great interest when studying Callaloo is the establishment of exactly how the persons of African heritage are able to claim their multiple identities and especially so in light of despite persons of a diaspora essentially inhabiting a number of different these persons are nevertheless unable to call these different places home. Black persons of the African diaspora tend to adapt or create a number of new identities as they continuously move from place to place. In his book, Reversing sail, Gomez points out that the relatively small trickle of African slaves that had been captured as slaves during the fifteenth century eventually evolved into becoming a veritable flood by the end of the seventeenth century. Within a time period of ten years after Columbus’ maiden voyage in 1492, numerous enslaved Africans were enslaved in the New World along with a number of other slaves drawn from Portugal and the Canaries and sources as experienced sugarcane planters. Of particular note is the fact that by 1560, the total number of African slaves was seen to greatly outnumber Europeans in Hispaniola and Cuba, this impressive growth in number eventually saw the number of African outnumber that of Europeans in Vera Cruz and Mexico City by 1570 (62-63). Numerous countries across Europe were seen to join in the slave trade in a move that saw an approximated 6.5 million Africans get shipped out of the African continent between 1700 and 1810. During this period, more European nations were seen to get involved in the slave trade. Some of these nations included Denmark, Britain, France, Portugal, Holland, Sweden and Spain. A number of other non-European countries such as Brazil and the United States also joined the slave trade (Gomez 64). By participating in the slave trade these countries were seen to essentially promote the spread of the Black African diaspora as a review of the regions from which they were drawn from can be seen to essentially reveal a considerable degree of complexity not only in respect to culture and language, but also as pertaining to the different forms of government, technology, regional and trans-regional commerce and agriculture. The Africans transported into the various different regions across the world were to eventually face systems that were essentially quite diverse resulting in increased diversity and multiplicity on the part of these Africans. The Development of the African Class of Mixed Heritage (Mulatto) and their Attempts at Acceptance by Whites Although the questions pertaining to race were seen to be a complex matter in most of the regions that the Africans had been enslaved, it was generally found to be quite complex in some regions such as in Saint Domingue where there arose a class of free blacks or affranchis. This class of free blacks was seen to primarily comprise of persons of mixed ancestry who were mostly women and numbered an estimated 27,000 in 1789. This new class of citizenry owned about 25 percent of the African slave population and accounted for 11 percent of Saint Domingue’s urban population. About two thirds of these citizens were the product of white slave holders and enslaved females and children born out of such unions were born as free men. The affranchis population quickly expanded and by the middle of the eighteenth century, they were able to be widely

Race and Ethnicity Essay Example for Free

Race and Ethnicity Essay Discussion about race and ethnicity has increased steadily over the last several years. Recent discussion has centered on whether the differences between race and ethnicity are necessary, damaging, or beneficial. There is also much to be said about race relations across the globe and many questions to be pondered. Writing about race can be difficult, and discussion about race even more difficult. The idea is that with research and knowledge, it is much easier to have an intelligent, well-informed discussion about issues that affect all of us. Listed below are some possible essay topics: Race vs. Ethnicity Is the idea of â€Å"race† a human construction that is further separating people in countries across the globe? Does science support the idea that â€Å"ethnicity† more clearly defines us, and therefore, should be how we see each other? Discuss the inherent differences and similarities between race and ethnicity and the importance of them. Race issues in American TV shows and movies Explain through examples and research how different races are portrayed on television and/or movies. Are stereotypes exploited? Are stereotypes nullified? What about the presentation of race in cartoons, e.g., the Disney movies? Race and the criminal justice system It is commonly believed that minorities are at a disadvantage when it comes to the justice system. Is this true? Are there disproportionate numbers of minorities convicted of crimes? Racial profiling Examine the hot-topic debate about racial profiling. Consider situations that might involve profiling: driving; airport screening; renting/buying housing; shopping and shoplifting; college entrance; and job hiring practices. Discrimination in hiring The topic of discriminatory hiring practices can be explored on its own. Available research will include news reports of instances and court cases. Also review the laws in place to prevent such practice. More possible topics: Should racial profiling be a legitimate law enforcement policy in some areas? †¢Should Affirmative Action for state university enrollment be continued? †¢Should the primary method of public school funding (property taxes in individual school districts) be amended to create more fairness in schools? †¢If a university offers â€Å"African-American Studies or Black Studies as courses, should it also offer European-American Studies or White Studies? †¢How do certain television programs perpetuate racial or ethnic stereotypes? †¢Should schools only purchase textbooks that offer revised or alternative perspectives on historical events? †¢What should be done about racial disparities in the sentencing of criminals? †¢Should the American government pay reparations and return land to Native Americans? †¢Should hate groups have the right to distribute literature on university campuses? †¢If research shows that certain racial or ethnic groups receive poorer medical care on average, how should this problem be corrected?  Ã¢â‚¬ ¢Should government organizations have staff that accurately reflect the racial, ethnic, and gender balance in society? Assignment: Choose one of the above listed topics, a combined topic from above, or a topic of your own choosing that somehow relates to the issue of race and ethnicity. Research the topic, choosing at least 3 sources that you can also easily print to bring to class. This will be an in-class essay with two days of writing that will be at least 4 pages. Type a works cited page and bring it to be turned in with the essay and the printed sources.

Child Pornography Essay -- Sex Crime Children Essays

Child Pornography So how important is sex, in general, to this country and the whole world for that matter? Here is a very easy, simple test. Do a search on google.com with the keyword sex. The results will give back over sixty-two million sites. This is a staggering number, especially when you do a search with the keywords family, love and education and see that you come convincingly short of the results you get in the former. Pornography has been the leading player in exhibiting sexual behavior to those who care for such things. In fact, Pornography has become an $8 billion a year industry. However, like every industry, ethical and moral questions and situations come up. Although there are many in dealing with pornography, we will explore the area of Child Pornography. Child Pornography, as stated in section 18 of the United States Constitution, defines child pornography as generally â€Å"any visual depiction involving the use of a minor in sexually explicit conduct.† Sexually explicit conduct is defined as â€Å"actual or simulated† sexual intercourse, which includes genital-genital, oral-genital, anal-genital, or anal-anal, â€Å"whether between persons of the same or opposite sex.† Sexually explicit conduct also entails the crucial â€Å"lascivious exhibition of genitals or pubic area,† which will be explored in more detail in the case study. Finally, section 18 depicts the transportation of such conduct through the use of computers. Basically, digital cameras, scanners, video capture cards etc. are all used to convert any image or such to the desired and needed format to easily store or transport child pornography. So why should child pornography be a matter of discussion at all. First of ... ...ave to be willing to protect all people. Everybody counts. Really, the future of a society is greatly at stake when the generations that are to keep the society prosperous are not being protected fairly by their justice system. Therefore, option one, which is ultimately the decision taken by the Supreme Court in US vs. Knox, is the most ethical and stands as the right decision. Child Pornography is a very serious manner that can have detrimental effects upon the children of today and upon the integrity of our societal values and morals. This is why the US Constitution extends the law as much as possible to protect all children from this terror that unfortunately exists in our world. The Decision in United States v. Knox was just another measure to ensure full protection for all children from those who have the intention of being inductors of Child Pornography.

My School

School is a temple of learning and a training ground for future citizens. The name of my school is JB High School. It was set up in 1943 by a land-lord in our area. He donated land and money for the school. The atmosphere in which our school is situated is very pleasant. It is surrounded by a play ground on one side and a garden with a small pond on the other. The school has two rows of big buildings. The name of the school is written on the front building. There are ten class rooms in the front building. Other ten rooms in the back building are used for different purposes such as the Head Master's Office, Library, the Clerk's Office, the Science Laboratory, the Teachers' Common-room, the N. C. C. and Scout Room, etc. There is also a hostel in our school campus. There are twenty teachers, a PET, a librarian, a clerk and two peons in our school. All the teachers are qualified and experienced. The Head Master is a learned man. He teaches Science and Geography. He also teaches English. The total number of students of our school is about five hundred. We go to school in uniform. The uniform for boys consists of blue half-pant and white half shirt. For girls it consists of blue skirt and white blouse. The school functions from 10. 30 A. M. to 4 P. M. classes begin after a mass prayer. During the recess hour we go to play ground. Some students also go to library and read newspaper there. In games period we play football, volley ball, etc. Girl students play ring ball too. The library of our school is a big one. There are about two thousand books on different subjects; we have a library period in our weekly routine. We borrow books from our library and refund them after a week. We observe the Republic Day, the Independence Day, the Teacher's Day in our school. We also celebrate the Ganesh Puja and the Saraswati Puja in our school. We also hold debate competitions and games and sports every year. The school magazine named â€Å"the Shree† is published every year. In annual examinations the students from our school show brilliant performance. Many students from this school have occupied glorious position in our state. The District Science Exhibition is also held in our school. Two years ago a classical teacher from our school won the Governor's Award. The discipline, the study atmosphere and the brilliant academic result of our school attract many meritorious students from distant parts of our state. It is an ideal school in all respects.

Influencs of Western Culture on Indian Youth Essay

Western culture is neither homogeneous nor unchanging. As with all other cultures it has evolved and gradually changed over time. All generalities about it have their exceptions at some time and place. Globalism has spread western ideas so widely that almost all modern countries or cultures are to some extent influenced by aspects of western culture which they have absorbed. In the later 20th to early 21st century, with the advent of increasing globalism, it has become more difficult to determine which individuals fit into which category. How there is head and tail for a coin, there is both positive and negative impact of western culture on the world and especially on todays young generation , On one side we enjoy our so-called rich culture and really admire it. The ways of living has been greatly enhanced by the western culture which is good for success and growth of a country and helpful for it in heading towards super success. But on the other side; this culture mainly adopted by us has given rise to Individualization. Individualization has broken up many cultural systems, paving way for the youth to fall prey to drug addictionand many other ill practices. This stage is the most vulnerable period of life where the youth need guidance, counseling, education and care by parents. Culture† and â€Å"Tradition† are more significant in a country like India which has always been cherishing its rich culture and heritage and it’s quite well known for it worldwide. But these things are now just on paper and are slowly losing their sheen. Why? The younger generation are the representatives of India in a true sense of the word. We are the sole cherishers of India’s pride and its heritage which actually lies in its culture, its diversity, its uniqueness. In such a scenario, where the point of a rich cultured country like India is facing the problem of losing its culture, are we, the youth; the Indian youth not Actually Responsible For This? Are we not putting our own self image, our self respect, our mother India’s pride at stake by doing so? Just think about it my dear friends. I would suggest, There is no problem as such when we follow the western culture to some extent. The problem is we are forgetting our culture to a greater extent. Why should we do so? as 21st century youth doesn’t mean forgetting the motherland and following or in short adopting western lifestyle in totality. Every culture has its own pros and cons. We individuals should be strong enough to take the good and throw off the bad. We are easily influenced by western culture. Right from our clothing, till the music, the films, our attitude, our lifestyle, in short every aspect of our life has totally changed. I just want to say that â€Å"Change doesn’t happen on its own; it’s we who bring about the change. But by this change, our mother India has lost its sheen and beauty; its place; its uniqueness in the world. The things mentioned above does not only imply to India. There are many countries in the world where todays youths have adopted westernization. For eg in many countries like Japan , Bangladesh , etc are greatly prone to westernization. At the end I would just like to convey a message that- Almost all the countries in the world have become independent and we the younger generation are the representatives of the future . o we must realize that true beauty of a country lies in its culture, its heritage and every country has its uniquiness. So we must understand thae our country must be our own. And as for india many great western people like Mark Twain  have said- India is the cradle of human race, the birth place of human speech, the mother of history, the grandmother of legend and greatgrandmother of tradition. Our most valuable and instructive materials in the history of man are treasure up in India only.

Teacher and Hani Ali Final Essays

Teacher and Hani Ali Final Essays Teacher and Hani Ali Final Essays Hani Ali Final Draft I believe teaching is an essential profession and that those in it, along with a school’s support staff, have a great responsibility as educators. Teaching will offer me the challenge and diversity I seek from my career. I feel I have the right abilities to make that difference in a young person’s life. I also feel I possess the skills that will enable me to make a positive contribution to teaching.I have had placements in 2 schools, Hathaway Primary School and Greenford High School. Having worked within both primary and secondary age groups I have found that I got more enjoyment dealing with the formative years. I felt more satisfaction at seeing younger children grasp the fundamentals behind a topic. For example how a particular student with encouragement and patience can come to terms with the idea of doubling and halving or how easy it was for the students in year 7 to use a search engine to find out facts in an I.T. lesson. I particularly enjoyed the results of ins tilling confidence and self belief in students, seeing them feel they can achieve and should try to do so. Watching the teachers at work has illustrated that children respond differently to a variety of teaching methods. I observed that a teacher’s approach to the class can have a profound effect on the learning ability of those children. The teacher constantly changed the way she taught the class to maintain their interest and focus on activities. She encouraged and praised children who were finding activities difficult giving them confidence to try and in many cases achieve. Her positive attitude towards the children gave them belief in themselves leading to a positive learning environment. These experiences have also opened my eyes to the demands put on teachers outside the classrooms: the struggle for financing, pressures on time management and dealing with the teacher/ parent relationship. There are also clerical duties, which need to be completed whilst not taking away from the teacher effectiveness within the classroom, which is where I believe they make the greatest difference. Providing this variety represents a huge challenge in an environment with more than thirty pupils, but I am confident that it is a challenge I will be able to meet. Through

Benfords Law or the First Digit Law Essay Example | Topics and Well Written Essays - 1000 words

Benfords Law or the First Digit Law - Essay Example I can astronomer names Simon Newcomb, who noticed that the earlier pages of logarithm tables that are used in the performance of calculations were much more worn than other pages. Newcomb published result become the first known instance of this observation and also includes the distribution of the second digit. He then proposed a law that is based on the probability of a single number N that is the first digit of a number was equal to log(N  +  1)  Ã¢Ë†â€™Ã‚  log(N). The results from Benford’s law are used in different data such as street addresses, electricity bills, population numbers, lengths or rivers, stock prices, death rates, mathematical and physical constants as well as processes that are described using power law. The main condition for this law is that the data set or population must only consist of natural numbers (Nigrini 170). The results from the law tend to be highly accurate whenever the values are distributed across numerous orders of magnitude. Benford’s law is also highly used in the detection of fraud, errors, embezzlements, and sloppy accountants. This is because those people who normally commit a crime may end up creating fake payment amounts that may appear real. Benford’s law is a data mining approach that is used in auditing in order to examine the digit properties in different accounting data for the purposes of character identification. However, unless the person committing is aware of Benford’s law of distribution, then he will not be in a position to make up numbers that follow the proper curve and this makes it very easy to spot a potential fraud. People who commit a crime also tend to distribute their digits in a fairly uniform manner. With a simple comparison of the frequency of the first digit from the data in accordance with the expected distributing according to Benford’s law will always reveal anomalous results. Based on this idea, Benford’s law could be used in auditing and forensic auditing to act as an indicator.

Review of Litterature Article Example | Topics and Well Written Essays - 500 words

Review of Litterature - Article Example The study is in such a design where the respondents get maximum benefits at minimum risk. Prompt introduction of the problem was done and developed and the purpose of the research has been relayed to the reader, however the significance to nursing has not been described. The research variables in the study are Rural Student Recruitment program and rural student numbers enrolled in medicine at University of Western Australia and the study explains them well. The article has a clear exposition of the hypothesis with two variables and deduces it from the research problem. Sampling was not done in the study as real figures of students enrolled into the Rural Student Recruitment Program were used allowing for generalization to future participants in the program. Data was derived from the RSR database with the rationale that the data shows all participants in the RSR program. Data analysis method used fits the measurement method used in the study and there is a logical and clear link between analysis and findings in the study. Numerical and text presentation of the statistical result as well as clear, simple and accurate graphs are used to present the findings. The assumption in the study is that the postal code of the addresses represents the participant’s area of residents and the assumption is not stated. A limitation is that it focuses on the western part of Western Australia; this limitation is not also stated. The results are well analyzed and further research recommended for a similar study to be made with a focus on the northern areas of Western Australia. This recommendation is supported by the data. Generalizations are made to include future student participants of the success of RSR program in improving the success of rural student recruitment for medicine at University of Western Australia. The article has a clearly stated title that gives the key area of study and states the problem clearly that builds a persuasive need for