Chapter 2 Auditing IT Governance Controls Review Questions 1. What is IT governance? Response: IT governance is a relatively new subset of corporate governance that focuses on the management and assessment of strategic IT resources. 2. What are the objectives of IT governance? Response: The key objectives of IT governance are to reduce risk and ensure that investments in IT resources add value to the corporation. 3. What is distributed data processing? Response: Distributed
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transmission in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording‚ or likewise. For information regarding permission(s)‚ write to: Rights and Permissions Department‚ Pearson Education‚ Inc.‚ Upper Saddle River‚ NJ 07458. 11–2 CHAPTER 11. Balanced Three-Phase Circuits Thus‚ VBC = 415.69/ − 120◦ V AP 11.2 Make a sketch: We know VCN and wish to find VAB . To do this‚ write a KVL equation to find VBC ‚ and use the known phase angle relationship between VAB and VBC to find VAB .
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In today’s society one of the biggest factors in the competitive global marketplace is a high quality product. In most businesses their goal is to create products or services and sell them to customers for a profit. These products or services must live up to a certain quality standard expected by customers. If the quality level is not met‚ there are consequences to face for the business. Therefore‚ quality is important to a business for a number of reasons. Customer and Retention is one of the reasons
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EXERCISE 18-1 (10-15 minutes) Add or deduct from accounting income (a) 2 deduct (b) 1 add (c) 3 add (d) 1 add (e) 2 deduct (f) 2 deduct (g) 1 add (h 3 deduct (i) 3 deduct (j) 1 add (k) 1 add (l) 1 add EXERCISE 18-3 (15-20 minutes) (a) Accounting income $105‚000 Permanent differences: Non-deductible fines 11‚000 116‚000 Timing differences: Excess of CCA over amortization (16‚000 ) Excess rent collected over rent earned 24‚000 Taxable income $124‚000
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Chapter 15 Entities Overview SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What are the more common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes? Answer: Corporations‚ limited liability companies (LLCs)‚ general and limited partnerships‚ and sole proprietorships. These entities differ in terms of the formalities that must be observed to create them‚ the legal rights and responsibilities conferred on
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9 Sinusoidal Steady State Analysis Assessment Problems AP 9.1 [a] V = 170/−40◦ V [b] 10 sin(1000t + 20◦ ) = 10 cos(1000t − 70◦ ) . ·. I = 10/−70◦ A [c] I = 5/36.87◦ + 10/−53.13◦ = 4 + j3 + 6 − j8 = 10 − j5 = 11.18/−26.57◦ A [d] sin(20‚000πt + 30◦ ) = cos(20‚000πt − 60◦ ) Thus‚ V = 300/45◦ − 100/−60◦ = 212.13 + j212.13 − (50 − j86.60) = 162.13 + j298.73 = 339.90/61.51◦ mV AP 9.2 [a] v = 18.6 cos(ωt − 54◦ ) V [b] I = 20/45◦ − 50/ − 30◦ = 14.14 + j14.14 − 43.3 + j25 = −29.16 + j39.14 = 48.81/126
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CHAPTER 8 FLEXIBLE BUDGETS‚ OVERHEAD COST VARIANCES‚ AND MANAGEMENT CONTROL 8-1 Effective planning of variable overhead costs involves: 1. Planning to undertake only those variable overhead activities that add value for customers using the product or service‚ and 2. Planning to use the drivers of costs in those activities in the most efficient way. 8-2 At the start of an accounting period‚ a larger percentage of fixed overhead costs are locked-in than is the case with variable overhead
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SOLUTIONS MANUAL CHAPTER 15 PUT AND CALL OPTIONS PROBLEMS Exercise (strike) price 1. A stock has an exercise (strike) price of $40. a. If the stock price goes to $41.50‚ is the exchange likely to add a new strike price? b. If the stock price goes to $42.75 is the exchange likely to add a new strike price? 15-1. a) No. For stocks over $25‚ the normal interval is $5‚ with a new strike price added at the halfway point or $42.50 (between $40 and $45). b) Yes‚ the stock price has equaled or exceeded
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Cost Accounting‚ 14e (Horngren/Datar/Rajan) Chapter 2 An Introduction to Cost Terms and Purposes Objective 2.1 1) Cost objects include: A) products B) customers C) departments D) All of these answers are correct. Answer: D Diff: 2 Terms: cost object Objective: 1 AACSB: Reflective thinking 2) Actual costs are: A) the costs incurred B) budgeted costs C) estimated costs D) forecasted costs Answer: A Diff: 1 Terms: actual costing Objective: 1 AACSB: Reflective thinking 3) The general term used to identify
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Health Care Cost Accounting A capitation payment arrangement can be an effective means to control healthcare costs because it allows both the insurer and the employer to predict costs for healthcare services more accurately. When a capitation payment method is used‚ the financial risk of caring for the patient is transferred to the medical delivery system. If the healthcare delivery system does not have a cost accounting system or the ability to develop cost information on each payer and service
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