1.0 INTRODUCTION The chief financial officer (CEO) of TELUS Corporation (Telus) has just been informed that Moody’s‚ a bond rating service‚ has downgraded the firm’s credit rating to one notch below investment grade. The CFO’s challenge is to determine what specific actions‚ if any‚ to recommend to the firm’s audit committee. In solving this problem‚ the members of this group decided to divide the work into four main parts. The first part will contain the major problem that led Moody to downgrade
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Assignment 1: Scandals in Auditing Fortex Introduction Fortex was regarded as one of New Zealand’s top companies. They used innovative technology to add value to their product. They won awards‚ looked after employees‚ and paid suppliers well. But when the company collapsed in March 1994 it was revealed that the success was all based on false accounting. The management team was able to fool a company of respected auditors as well as everybody else for more than three years. Thousands
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Albert Dunlap was once acknowledged and advertised as the "toughest CEO" to turnover corporations in financial crisis and Albert so-called turnover the companies back to financially strong terms. Moreover‚ the ethical issues raised quickly while Albert Dunlap was in full control of Sunbeam Corporation establishment. Albert Dunlap actions were from consequential ethics perspective that leads Sunbeam Corporation to inflated the organization for only one year. Therefore‚ it has taken one year or several
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Tammy Coleman Dr. Wilson The Bohemian Scandal In Conan Doyle’s short story “A Scandal in Bohemia” (1888)‚ Sherlock Holmes can tell that the stranger possess great wealth before he speaks a single word. Sherlock Holmes analyzes everything when it comes to people. He uses their appearance‚ how they carry themselves‚ and what kind of objects they have on them. The author uses descriptive words to describe the way the stranger looked. This essay will prove that Sherlock Holmes is so observant
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Units Unit Cost Total Cost From the Beginning Inventory 1840.00 20.00 36800.00 From the first purchase 600.00 20.25 12150.00 From the second purchase 380.00 21.00 7980.00 2820.00 56930.00 From the Second purchase 420.00 21.00 8820.00 From the third purchase 400.00 21.25 8500.00 From the second purchase 200.00 21.50 4300.00 1020.00 21.20 21620.00 Units Unit Cost Total Cost From the Beginning Inventory 1020.00 21.20 21624.00 From the first purchase 700.00 21.50 15050.00 From the second
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The Watergate scandal is arguably the biggest scandal to come from the White House since Andrew Johnson’s impeachment in 1868. Like everything else in this world it started off small‚ but escalades into something bigger. It started off as a small break in‚ but as time progressed the American people ran into a corrupt leader in Richard Nixon. At the end of this ordeal it rendered one of the most powerful men in America helpless. For it was Nixon’s active involvement in the cover up‚ combined with
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"anthropology" is from the Greek anthrōpos (ἄνθρωπος)‚ "man"‚ understood to mean humankind or humanity‚ and -logia (-λογία)‚ "discourse" or "study." The essence of anthropology has been‚ since its tradition‚ cross-cultural comparison‚[3] and cultural relativism has become the canon of anthropological inquiry.[4][5][6] What is Anthropology? Anthropology is the study of humans‚ past and present. To understand the full sweep and complexity of cultures across all of human history‚ anthropology draws and
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Velasquez Chapter 1 Aaron Beam and the HealthSouth Fraud Questions 3‚ 4 3. In terms of Kohlberg’s views on moral development‚ Aaron Beam would be at Level Two Conventional Stage Three. Interpersonal Concordance Orientation. Aaron Beam knew that his actions were indeed wrong and he could no longer carry on‚ therefore‚ he retired and paid a price for his wrong actions. He now lives off of what he works for. In terms of Kohlberg’s views on moral development‚ Richard Scrushy would be at the Level
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1) Estimate the WACC that is appropriate for discounting the Collinsville plant’s incremental cash flows. You should estimate and present each component of the WACC separately‚ explaining briefly but clearly what assumptions you are making for each of them. In the same spirit‚ estimate the appropriate all-equity cost of capital for the APV-based valuation. WACC calculation. WACC = RD*(1-t)*D/(D+E)+RE* E/(D+E) Cost of equity We assume that risk free rate (Rf) equals rate of long-term Treasury
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Variations should not be acted upon unless the change has been authorized by the recognized authority. An authorized change becomes a change order‚ which will affect the cost of the project. In the case of Millennium Erectors Corporation‚ regarding the R Square Residences project‚ there have been at least four variation orders issued in the past few months by the project engineer. Two of them will be studied for the sake of this report. The first example is the front
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