John Curley Rutgers‚ The State University of New Jersey 39 Biel Road New Brunswick‚ NJ 08901 (908-625-5186) Jcurley819@gmail.com March 6‚ 2012 Mayor R.T. Rybak 350 South 5th St. Minneapolis‚ MN 55415 Re: Stop public funding for construction of stadiums for professional sports teams Dear Mayor Rybak: Recently it was announced that the city of Minneapolis agreed to a deal with the Minnesota Vikings‚ a franchise in the National Football League‚ to help fund the construction of a new
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this company to have such a policy in place? If so‚ how can the employment (labour) standards act in your province/ territory help in drafting a policy on appropriate computer use? I believe it is important for this company to have such a policy in place because of an inappropriate picture of a woman visible on a co-worker computer. As it is common working at any company‚ the company expects its employees to maintain a high standard of conduct and work performance to make sure the company maintains
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responsibility of the records in accounting. Physical‚ Mechanical‚ and Electronic controls are imperative which include examples such as Safes‚ and safety deposit boxes‚ storage cabinets that are used for inventory and records‚ pass key access in companies‚ alarms‚ television monitors‚ and time clocks for recording of time. 3. Segregation of duties: Segregation of duties embodies the ideas that responsibility related activities should be delegated to different individuals and that record keeping for
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conversion costs. The company uses the weighted-average method of process costing. 1. The cost of the units transferred to the Finishing Department during May was: A) $50‚000. B) $40‚000. C) $53‚000. D) $42‚400. 2. The cost of the work in process inventory in the Forming Department at the end of May was: A) $7‚600. B) $10‚000. C) $2‚500. D) $4‚000. Use the following to answer questions 3-4: The following data relate to the Blending Department of Tru-Color Paint Company for a recent month:
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CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION – INTEGRITY OF FINANCIAL REPORTING |LEARNING CHECK | 1. SEVERAL COMMON ATTRIBUTES OF ACTIVITIES DEFINED AS AUDITING ARE (A) SYSTEMATIC PROCESS‚ (B) OBJECTIVELY OBTAINING AND EVALUATING EVIDENCE‚ (C) ASSERTIONS ABOUT ECONOMIC ACTIONS AND EVENTS‚ (D) DEGREE OF CORRESPONDENCE‚ (E) ESTABLISHED CRITERIA‚ (F) COMMUNICATING THE RESULTS‚ AND (G) INTERESTED USERS. 2. A financial statement audit involves obtaining
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brands‚ including Pepsi-Cola‚ Mountain Dew‚ Diet Pepsi‚ Lay’s‚ Doritos‚ Tropicana‚ Gatorade‚ and Quaker. Coca-Cola Company has historically been considered PepsiCo’s primary competitor in the beverage market‚ and in December 2005‚ PepsiCo surpassed The Coca-Cola Company in market value for the first time in 112 years since both companies began to compete. In 2009‚ the Coca-Cola Company held a higher market share in carbonated soft drink sales within the U.S. In the same year‚ PepsiCo maintained a higher
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pools. All or most costs are identified as output unit-level costs. Products make diverse demands on resources because of differences in volume‚ process steps‚ batch size‚ or complexity. Products that a company is well suited to make and sell show small profits while products for which a company is less suited show large profits. 9-5 (1) Identify the activities that consume resources and assign costs to them. (2) Identify the cost driver(s) associated with each activity. A cost driver is any
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Today’s business environment is becoming increasingly complex. Companies are new constantly implementing new technologies processes to help with output and efficiencies. With every technology and process the correct controls must be put in place. In addition to these self implemented tools‚ companies are under increased government regulation to validate their internal processes and controls. All of this activity needs a point person. That point person is the internal auditor. The purpose of this
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Question 2 Hans & Co.‚ CGAs‚ is auditing CCC Inc.s 2010 financial statements. Hans previously audited the companys 2008 and 2009 financial statements. The 2008 audit resulted in a qualified opinion because the auditors were unable to verify the opening inventory for that year‚ but the 2009 audit resulted in an unqualified opinion. Julia worked on the previous two audits and is familiar with most of the staff at CCC‚ including the office manager‚ Marcus. Julia was scheduled to meet with Marcus on
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depends on how much the owner has invested in the business and what a particular investment is worth at the moment of the financing. For instance‚ an entrepreneur that spend $600‚000 in the startup of the company will initially control every one of the shares of the company. Just As a company expands and needs additional capital‚ the entrepreneur may search for an external investor‚ such as an angel investor or a
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