Happiness Express Inc. 1. a) The primary audit objectives of confirming a client’s year-end accounts receivable include occurrence and accuracy of realizable value. Auditors would like to make sure that the transaction generating the accounts receivable actually occurs‚ and that the receivables are recorded at accurate value for the current reporting period. Usually they will send accounts receivable confirmations to client’s customers directly. b) The primary audit objectives of performing
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ADAMAC Inc. An Analysis of Production and Cost Theory Group III Osvald Ronald David Tjahjo Agenda • • • • Company’s Overview Current Issues Case Analysis Recommendation 2 Overview of Adamac Inc. • Provide services of jet cutting (laser‚ water jet‚ wire) built by Ryan Olliver and Ben Watts‚ previously worked for Perts • Adamac was built with an objective to provide more efficient and higher customer service • Adamac had started with used water jet‚ used laser cut machine‚ and wire cutter machine
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Hooplah‚ Inc. R1. (a) It is acceptable to use the same set of samples when testing both controls‚ as each “transaction” should pass through all of the controls in a business process. It becomes more efficient to test the same set‚ because the audit team could request a comprehensive documents package from the client. The sample size table in Appendix A indicates that a sample size of 58 is acceptable for the first control‚ but the higher estimated population deviation rate for the second control
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REPORT ON THE GROWTH AND EXPANSION POLICY IN THE EUROPEAN DOMAIN OF COMPUTRON INC. INSTITUTE OF PETROLEUM MANAGEMENT‚ GANDHINAGAR Submitted to: Prof Sanjay Gupta Date of Submission: 15.09.2008 Submitted by: Joydeep Mukherjee Roll No: 20081020 To: Mr Thomas Zimmerman (Manager‚ European Sales Division‚ Computron Inc.) From: Joydeep Mukherjee Date: 15 September‚ 2008. Subject: Evaluation of the Opportunities and Challenges faced
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Midland Energy Resources‚ Inc. Executive Summary Midland Energy Resources was fortunate enough to have a skilled financial manager in Mortensen. Her expertise had come to be respected as was evidenced by her promotion and the reliance on her calculations. However‚ her cost of equity numbers were used as a starting point and manipulated rather than used as presented. Examining the calculation of the firms weighted average cost of capital and betas as well as comparing with others in the same
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Resotech Inc. Time is a critical strategic challenge. For example‚ assume you are a customer being interested in a particular product. This product is very expensive and long lasting. It’s capacity is more than you need. Once you’ve bought it‚ you can use it for decades. Even product improvements and new versions would only rarely make you buying a new one‚ simply because they’re incredible expensive. A secondary market to sell the product might exist‚ but anyway you’d have to sell it at a discount
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14.35% Cost of debt = 0.10(1-0.35) = 0.065 WACC= 1*14.35%+0*0.065= 14.35%‚ (1+WACC= 15.35%) FCFF= EBIT (1-tax rate) +depreciation-capital expenditure- change in working capital Change in NFA = Ending NFA – Beginning NFA and Net earnings as EBIT (1-tax rate). Working capital = Current asset+1000- Current liabilities-cash Change in Working capital = Ending WC– Beginning WC Tax rate = 35% WACC= cost of equity Terminal Value= TV= FCFFn × (1+g)/ (WACC – g) Following table summarizes the impact
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College Inc In Response: http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/ This film focuses on the ethics of for profit educational institutions. With most of the coverage revolving around what critics characterize as the unethical and disloyal failure to inform students of the huge debt burden they will incur. Also the low graduation and retention rates to which they may fall victim‚ and the struggle they will likely face to obtain employment after graduation. The Huffington Post
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FROM: RE: DATE: The purpose of this memo is to determine whether the transfer provisions preclude sale accounting‚ and if so‚ would sale accounting be appropriate after the initial transfer if the provision in question was eliminated. UpBeat‚ Inc. is a successful company located in Greenville South Carolina. Sales have substantially exceeded budgeted amounts and look to get even better. Upon reviewing of the monthly reporting package and cash flow projections it can be noted that the debt to
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On the UNC website‚ Sexual Misconduct Prevention Resources it’s saying that UNC will not tolerate anyone that violates the Title IX of 1972 Education Amendments. Which‚ is protecting people from sex discrimination in educational setting. This source was effective in sending their massage because they were straight forward with it‚ and they gave examples of sexual misconduct and sex discrimination. By giving examples of both unacceptable behaviors‚ they are showing people what exactly these behaviors
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