Handout 11.7 “Cock of the Walk” Discussion Name: David Ferreira For the following discussion‚ you will be provided with a hypothetical situation that may sound ridiculous‚ impossible‚ and/or preposterous. For the purpose of this assignment assume that this situation could happen. Fully discuss the implications of the situation. Your teenage son has been working for several weeks as a waiter at “Cock of the Walk‚” a new bar/restaurant in the area. Although he is making good
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ECON 3305 Managerial Economics Homework 1 The homework covers Ch 1~3. It has to be your individual work. Copying answer from others will violate ACADEMIC HONESTY policy to cause a failing grade. For each question‚ please show the necessary derivation (if applicable) and highlight the answer. Limit your answers within 5 pages. No cover sheet is required. Q1: Ch 1 (15%) At the beginning of the year‚ an audio engineer quit his job and gave up a salary of $ 175‚000 per year in order to start
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Auditing Theory 1. A control which relates to all parts of the EDP system is called a(n) a. Systems control c. Applications control b. General control d. Universal control 2. Which of the following is not an output control? a. Proper authorization of transaction b. Control totals c. Check digits d. Adequate documents 3. Should the auditor feel‚ after obtaining an understanding of the EDP internal control structure‚ that
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evaluate the effectiveness of accounting system‚ business methods for detection for fraud and planning and conduct of an audit process as well as purpose and content of a statutory audit report of Tesco Supermarket. Past failures in the process of auditing financial
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HW 2: pg. 116-117 Q’s 1-3 (due Apr.5th) 1. As arbitrator‚ what would be your award and opinion in this arbitration? My award and opinion as an arbitrator would be to be in accordance with the union’s position. The grievant could have committed any type of irresponsible actions or any discrepancies‚ there is no way to prove it‚ and the fault for setting up such system where the guilty cannot be proven was made by the employer. Therefore‚ in this case‚ the grievant does not belong inside
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11. Edwards Electronics recently reported $11‚250 of sales‚ $5‚500 of operating costs other than depreciation‚ and $1‚250 of depreciation. The company had no amortization charges‚ it had $3‚500 of bonds that carry a 6.25% interest rate‚ and its federal-plus-state income tax rate was 35%. How much was its net cash flow? a. $3‚284.75 b. $3‚457.63 c. $3‚639.61 d. $3‚831.17 e. $4‚032.81 12. Wells Water Systems recently reported $8‚250 of sales‚ $4‚500 of operating costs other than depreciation‚ and
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Exercises 1-1 Year 1 Year 2 Net Operating Cash Flows Cash collected from customers $160‚000 $190‚000 Cash disbursements: Salaries paid for services rendered (90‚000) (100‚000) Utilities (30‚000) (40‚000) Purchase of insurance policy (60‚000) -0- Net operating cash flow $(20‚000) $50‚000 Income Statement Year 1 Year 2 Revenues $170‚000 $220‚000 Expenses: Salaries (90‚000) (100‚000) Insurance
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Chapter 6 Inventory & Cost of Goods Sold Short Exercises (10 min.) S 6-1 Billions Inventory………………………… 3.8 Cash…………………………... 3.8 Accounts Receivable…………. 19.7 Sales Revenue………………. 19.7 Cost of Goods Sold…………… 4.5 Inventory……………………... 4.5 Cash……………………………… 18.8 Accounts Receivable………. 18.8 (10-15 min.) S 6-2 1. (Journal entries) Inventory………………………………….. 120‚000 Accounts Payable……………………
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CHAPTER 3 1 Identify the DFD elements in the following narrative: A customer purchases a few items from a local grocery store. Jill‚ a salesclerk‚ enters the transaction in the cash register and takes the customer’s money. At closing‚ Jill gives both the cash and the register tape to her manager. Data Flows: Enters the transaction in the cash register and takes the customer’s money. At closing‚ Jill gives bother the cash and the register tape to her manager. Data Source: The customer who
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2) A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours‚ and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1‚ while on line 2‚ product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit‚ and the profit for product 2 is $4 per unit. a. Formulate a linear programming model for this problem. b. Solve this model by using graphical analysis. 6)
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