subsequent sale to verify the NRV Stock take issue 1. Before stocktaking – Review last year working paper (if any) and discuss with management a. any high value item b. location of stock c. cut-off issue d. any stock held by third party e. any significant change of the above with last year 2. During stocktaking – Observe the client’s internal control system a. actual work done of the client are follow with agreed procedure b. observe stock take carried by client whether they follow
Premium Musical notation The Sale Invoice
Situation 1: The motorcycle helmet market has 13 companies‚ and four firm concentration ratio of 26%. While the helmets have a variety of designs‚ they are sold at very similar prices. Recently‚ the death rate from head injuries in motorcycle crashes has been rising. The producers advertise their helmets as “effective‚” but some helmets withstand most falls and others are produced with materials that are more likely to crack in commonly experienced falls. The weaker helmets cost about $8 less to
Premium Economics Externality Marginal cost
Principles of Microeconomics Take Home Test #4F - Chapters 28‚ 29‚ 5 & 32 (Miller Spring 2006) Choose the one alternative that best completes the statement or answers the question. 1) All economic systems must answer which questions? A) Who get the goods‚ how do they get them‚ and why do they get them. B) Who get the goods‚ how do they get them‚ and what do they get them for. C) How are goods and services distributed‚ who gets the goods and services produced‚ what goods and services will
Premium Economics Supply and demand Unemployment
Key Take aways from THE GOAL 1: The goal of a manufacturing organization is to make money. Thus‚ any actions that help the organization to make money are productive‚ in opposite‚ any actions that take the organization away from making money are non-productive. 2: Making money by increasing the net profit‚ while simultaneously increasing return on investment‚ and simultaneously increasing cash flow. 3: To achieve the goal of making money‚ organizations should increase throughout while
Premium Project management Rate of return Cash flow
- All firms are price takers - All firms have a relatively small market share - Buyers know the nature of the product being sold and the prices charged by each firm. - The industry is characterised by freedom of entry and exit. Perfect competition is a theoretical market structure. It is primarily used as a benchmark against which other market structures are compared. The industry that best reflects perfect competition in real life is the
Free Economics Perfect competition Monopoly
HOLMES & RAHE STRESS TEST2 To assess the stress in your personal life‚ examine each life event on this list. See if this has applied to you at some point in the last 12 months. If it did‚ write the corresponding number in the Tally Column. If the event occurred more than once‚ multiply the score by the number of events‚ i.e.‚ if you moved twice in the past year‚ then score 2 X 20 points = 40. Be as honest as possible‚ then total your points. Life Events|Score|Tally| Death of a spouse|100||
Premium Houghton Mifflin Harcourt Textbook All rights reserved
The purpose of Rosenhan’s study was to determine if sanity could be distinguished from insanity. Rosenhan wanted to determine if the diagnoses of some sort of mental illness came from the patients themselves or did the environment produce the diagnoses. The prevailing thought at the time was that sanity and insanity are easily distinguishable. The psychological symptoms of patients could be simply categorized which supported the idea of such a belief. The goal of the study was to test the idea whether
Premium Psychology Mental disorder Sigmund Freud
CHAPTER 4 FINANCIAL PLANNING FOCUS We begin by explaining the nature of business planning and placing financial forecasting within that broader context. Once we get into financial planning we focus on exactly how to construct plans from physical assumptions about a business and its environment. Finally we look at some of the problems created when plans function as both goal statements and projections of what is most likely to happen in the future. PEDAGOGY This chapter
Premium Balance sheet Revenue
U.S. History Take Home Quiz 1. Improved technology and increased demand produced fundamental change that contributed to the rise of “The factory”. Also another major contributor to the “Rise of the factory would be the market economy. The U.S developed a major manufacturing sector‚ because of that many changes came about. The south changed as well‚ particularly with cotton farming‚ thanks to textile mills.. This was such a profound thing because from all of this areas started to become isolated
Premium Industrial Revolution Factory Capitalism
Explain why GDP is not a perfect measure of economic well being of a nation. By definition the GDP (Gross Domestic Product) is a measure of the income and expenditures of an economy. Also‚ it can be defined as the total market value of all final goods and services produced within a country in a given period of time. Base on GDP definition and base on many economist points of view regarding to the definition of well being. I understand that GDP is not a perfect measure of economic well being of a
Free Gross domestic product Economics