Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110‚000 for 2011 and paid dividends of $60‚000 on October 1‚ 2011. How much income should Gaw recognize on this investment in 2011? Choose one answer. a. $9‚000. b. $16‚500. c. $7‚500. d. $50‚000. e. $25‚500. Correct Marks for this submission: 1/1. Question 2 Marks: 1 An upstream sale of inventory is
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Revenue‚ Capex‚ Opex 3 Reserves 3 Sunk costs: 3 Opportunity Costs: 3 Royalty‚ Tax‚ Ring fencing 4 Types of Petroleum Fiscal Regimes 4 Net Cash Flow 4 Concessionary system vs. Production Sharing contracts 5 Going Internation – Bidding Process 5 Economic Modelling 6 Production Costs 7 Wildcat 7 What is the wild cat success ratio? And what are the considered factors? 7 Depreciation 8 Abandonment 8 Goodwill‚ Leases‚ Ringfencing 9 Volatility of Crude Oil 9 Volatility of Gas 10 Forecasting 10 Opportunity
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QUESTION 1 (16 marks) Cash is the most vulnerable asset to audit. Answer the following questions; a) What are the three assertions an audit needs to establish? (6 marks) SOLUTION: Cash balances include cash on hand and at bank. Cash on hand includes undeposited receipts and petty cash. Cash at bank includes cash held in current and savings accounts which is available on demand. Unlike any other account balance‚ cash may be either an asset or a liability. The latter arises where the bank with
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Texts are usually a reflection of the time period and the values held during that time period. When compared‚ William Shakespeare’s play Othello written in the 16th century England and Tim Blake Nelsons film O produced in 20th century America‚ accentuates the reflection‚ when analysing the contexts‚ purpose‚ form‚ audience via characters and themes arises the context which are historical‚ social and cultural as well as the values held during the time periods. In Othello and O the distinct historical
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In today ’s world‚ technology is constantly changing from a new paperclip to an improvement in hospital machinery. Technology lets people improve the way they live so that they can preserve their own personal energy and focus on the really important factors in life. Some people focus their energy on making new innovations to improve transportation and the health of people that may save lives and some people focus on making new designs of packaging CDS. Technology is significant in everyone ’s life
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caller‚ angry patient‚ family member) (2) Emergency calls 7. Fundamental writing skills a. Sentence structure b. Grammar c. Punctuation I. A–F General A. Medical terminology 1. Word building and definitions a. Basic structure (1) Roots or stems (2) Prefixes (3) Suffixes (4) Abbreviations b. Surgical procedures c. Diagnostic procedures d. Medical specialties 2. Uses of terminology a. Spelling b. Selection and use (e.g.‚ data entry‚ reports‚ records‚ documents‚ patient education‚ correspondence‚ medicolegal
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With innovations in technology being released each day‚ it’s fair to compare the digital development rate to the rate at which humans are being born. Each day we are a step closer to some undefined goal regarding how advanced our commodities are; how many pixels a screen can be‚ or how fast a processor is. Life and our daily tasks have become simpler‚ quicker‚ and more convenient with devices that aid us in transportation‚ communication‚ and access to information such as cell phones‚ computers‚ and
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Technology: Help or Hindrance? According to the World Book Encyclopedia‚ “technology refers to the inventions-including tools‚ techniques and processes-that people make and use to survive and prosper.” The World Book Encyclopedia also states that “technology fits people’s needs and desires. Basically what people want.” (Reynolds 74) Technology provides the help this generation needs. Technology is a positive help towards society because communicating is a lot easier and tools/machines can increase
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Medical Assisting & the Ever Changing Medical Field Thomas Edison once said “The doctor of the future will give no medicine but will interest his patients in the care of the human frame‚ in diet and in the cause and prevention of disease.” The Medical field as a whole is rapidly growing and changing on a daily basis due to new laws and research being conducted. In my chosen profession‚ Medical Assistants are the key to the relationship between the doctors and the patients. The basic job skills
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November 12‚ 2014 Draft 2 Technology is a bad addiction I feel like technology has a bad effect on human society like can changing humans life’s some people won’t sleep or eat till they use their technology like phone or computer and it’s addicted. Also technology are used in bad way of using technology for example for the short store "veld" Ray Bradbury giving the reader about modern technology and this technology will paralyze your brain and blind your eyes so you will
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