standard used to determine an item’s materiality a. is the average prudent investor b. is the auditor’s professional judgement c. has been established by the SEC as a percent of net income or of total assets d. may be found in FASB pronouncements 5) Individuals or entities the auditor knew or should have known and would rely on the audit report in making business and investment decisions are a. foreseeable parties b. third parties c. foreseen beneficiaries d. primary beneficiaries 6) Section
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Week Five paper graded "A" Debt Versus Equity Financing University of Phoenix ACC/400
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Unit 5 Practice Test 1. All contracts involving interests in land must be in writing to be enforceable –T 2. A contract that by its own terms cannot be performed within a year must be in writing to be enforceable -T 3. All promises must be in writing to be enforceable -F 4. There are no exceptions to the Statute of Frauds -F 5. The rights under a contract for personal service normally can be assigned - F 6. A contract that contains a clause prohibiting its assignment will usually prevent it from
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dependent on nonrenewable resources of energy and minerals‚ and that the world’s population continues to increase‚ how do you think human societies will adjust in the future? Do we have a resource problem or a population problem (or both)? | | | 5. | Some people think that sustainable development is not a useful concept‚ because it may be impossible to implement—or even to define—in the case of nonrenewable resources. Others think that it is an extremely important concept‚ if only because it
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This Business is Ministry This Business is Ministry Melba A. Grant DeVry College TABLE OF CONTENTS This business is a ministry 1 Table of content 2 Abstract 3 Introduction 4 how to get customers 4 financing your business 5 when to quit your day job 6 Reflections 7 References 8 Abstract Man of God‚ Ministry‚ Counselor‚ Pastor these are the typical titles associated with people who are working inside of a religious ministry‚ however one title not spoken of and yet is essential and plays a critical
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Wk 5- Team Leadership Laurie Thompson MGT/521 February 15‚ 2015 Leonard Shelton Team Leadership Managers should have an invested interest in their employees’ personalities and attitudes because they influence their behavior and productivity (Robbins & Coulter‚ 2012). This memo will explain the plan to successfully lead the Learning Team B members. Theories of leadership based on the members’ personalities will be evaluated and explained. The principles applied from various leadership theories will
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evaluate the costs of manufacturing through capital intensive and labor intensive manufacturing methods to determine which of the two methods to employ. The values to be used in the evaluation for capital intensive manufacturing are direct materials at $5 per unit‚ direct labor at $6 per unit‚ a variable overhead of $3 per unit‚ and fixed manufacturing costs of $2‚508‚000. The values for material‚ labor‚ and overhead are summed to find the total variable cost of $14. The labor intensive values are direct
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LAWS 1. Copyright infringement 2. Software piracy 3. Internet piracy CONSEQUENCES FOR INFRINGEMENT COMPANY/PRODUCT 1. Loss in product value 2. Loss in sales 3. Inferior counterfeit products PIRATE OR INFRINGER 1. Monetary penalty or fine 2. Jail time REFERENCES Copyright in General. (2006). Retrieved from http://www.copyright.gov/help/faq/faq- general.html#protect Copyright Infringement Penalties. (2009). Retrieved from http://www.lib.purdue.edu/uco/CopyrightBasics/penalties
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Leadership and Performance Angela Hood‚ Joyce Frink‚ Tandy Noonan‚ Jodie Bowes‚ Velinda Chandler‚ Lisa Sotiropoulos PSY 435 May 14‚ 2012 Henry Wallace Leadership and Performance Organizational and Industrial (I/O) psychology is used to improve different types of organizational functions. When tasks and employee relationships are not working properly within a company production and profit will be compromised. Some of the issues that I/O manages addresses include poor work habits and dysfunctional
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Consider two local banks. Bank A has 100 loans outstanding‚ each for $1 million‚ that it expects will be repaid today. Each loan has a 5% probability of default‚ in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $100 million outstanding‚ which it also expects will be repaid today. It also has a 5% probability of not being repaid. Explain the difference between the type of risk each bank faces. Which bank faces less risk?
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