Scenario 1 Energy Inc. has a present obligation (IAS 37-17) and probable liability (ASC 450-20-25-2) on December 31‚ 2011 as a result of a past event‚ the contamination of the land‚ because it is virtually certain that a draft law requiring cleaning up will be enacted. It is probable (more likely than not) that Energy Inc. will be required to transfer economic benefits in settlement which is an outflow of resources embodying economic benefits in settlement (IAS 37-23). The amount of the obligation
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Slayton’s Furniture Store Fakta DOVETAIL BEDROOM SET ITEM NOMINAL Selling price (each) $1‚000 Unit cost (each)* $600 Average annual sales 80 sets Ordering cost** $40 per order Annual carrying cost*** 30% Safety stock 2 sets Wright per set 1000 lb Lead time (average) 4 weeks *Excludes freight cost **This cost includes receiving ($20 per order) and paperwork ($20 per order) ***This cost includes the cost of capital (15%)‚ insurance (3%)
Free Economic order quantity Safety stock Reorder point
sales from 2007 to 2008? (Points: 4) 25% 20% 125% 143% Percentage increase in sales = (780‚000/650‚000) x 100 – 100% = 20% 5. Profit margin is calculated by dividing (Points: 4) sales by cost of goods sold. gross profit by net sales. net income by stockholders’ equity. net income by net sales. 6. Which of the following is not a profitability ratio? (Points: 4) Payout ratio Profit margin Times interest earned Return on common stockholders’ equity 7. Times interest earned is also called
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How would you define client-attorney privilege? Why is this privilege an important part of the court system? How can we improve confidentiality between clients and their attorney? The attorney-client privilege is confidentiality between an attorney and his or her client in regarding issues in legal matters. Whether it is a private or public official representing the defendant‚ the more attorney knows about the client the better he or she can build his or her defense since the prosecution already
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a. Who is the macro client or system in this vignette and why? The macro client system in this vignette will include impoverished elderly individuals‚ elderly individuals that are in need of a structured setting‚ and their family members. “The macro client system includes those people who will ultimately benefit from the change process‚ typically a particular client population having similar characteristics and receiving similar agency services” (Kirst-Ashman & Hall‚ Jr.‚ 2015‚ p. 205). The elderly
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FROM: Dr. Norton POTENTIAL QUESTIONS FOR THE COMPREHENSIVE EXAM: PART A. A N S W E R QUESTIONS I . A N D I I . THEORY QUESTION: I. Y o u have been assigned a 25 year-old male clHent for counseling who says he is seeking counseling because he is feeling anxiety. He has a d i f f i c u l t time getting to work in the morning and says he has no appetite. Since his new j o b and move to a new city‚ he reports to feelings o f low self-esteem. Select three (3) d i f f e r e n t counseling theories
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|8.9 |Pulp Fiction (1994) |456‚576 | |6. |8.9 |Schindler’s List (1993) |303‚356 | |7. |8.9 |12 Angry Men (1957) |135‚358 | |8. |8.8 |Inception (2010) |320‚132 |
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RESERVE Juan M. Pulhin and Maricel A. Tapia Name of forest: Mt. Makiling Forest Reserve Location: Los Baños‚ Laguna Province Area (hectares): 4 224 Managing entity: University of the Philippines‚ Los Baños Mgt. objectives: Training laboratory‚ conservation of biodiversity‚ watershed protection‚ recreation‚ research Country: Philippines A ccording to legend‚ the goddess Maria Makiling lives at the top of Mt. Makiling‚ the highest mountain in Laguna‚ Philippines. The
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What are the modes of acceptance recognised under the Contracts Act 1950 (Revised 1974) and common law. Support your answers with reference to decided cases. An acceptance must be communicated for it to be effective and valid. The mental assent of both parties is not required but the external manifestation should exist. The acceptor must dos something in order to notify his acceptance. For example‚ he should communicate his acceptance of the offeror. This can be illustrated
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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