3. Case: Khalil Jamal is a purchasing manager for Frontyard Books. Frontyard, is one of the country's
leading producers of textbooks for the college and university market. Frontyard's purchases
average about $75 million annually, consisting mostly of paper stock and covering used in the
manufacturing process. The purchasing function is principally handled by three purchasing
agents. Khalil Jamal is the purchasing manager and has two other buyers who report to him. All
internal fraud matters within the company are referred to Samir Ahmad, a Certified Fraud
Examiner. On January 28, Samir received a telephone call from an anonymous caller. The caller
claimed that he was a "long-term supplier to Frontyard in the area of books and sundries, and
magazines. The caller said that since Khalil Jamal was appointed as a purchasing manager for
Frontyard several years ago, he has been systematically "squeezed out" of doing business with
Frontyard.
Required:
The first three steps of the scientific approach used by forensic accountants are:
(a) Define the purpose (or problem)
(b) Form a hypothesis
(c) Gather evidence to test the validity of the hypothesis (Evidence-gathering techniques
commonly include: direct observations, interviews, structured activities, financial statements
analysis, statistical analysis)
Suppose that you are Samir Ahmad (the forensic accountant assigned to this case in order to
determine any potential fraud). Describe how you would perform the first three steps

Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?

Your project team’s recommendations to increase productivity have been approved and your team is now working on an implementation plan. in order to accomplish the plan, several subject matter experts from various parts of the organization have been brought in to assist. you have noticed friction and conflict among team members. some of the disagreement and opposition on your team supports the achievement of team goals and objectives. this type of conflict can be described as:

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.