Answers Professional Level – Options Module‚ Paper P7 (INT) Advanced Audit and Assurance (International) 1 (a) Briefing notes Subject: Business risks facing Jolie Co Introduction December 2010 Answers These briefing notes evaluate the business risks facing our firm’s new audit client‚ Jolie Co‚ which operates in the retail industry‚ and has a year ended 30 November 2010. Ability to produce fashion items The company is reliant on staff with the skill to produce high fashion clothes ranges‚
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1. Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $276‚100 for the year‚ and machine usage is estimated at 125‚500 hours. For the year‚ $291‚988 of overhead costs are incurred and 130‚200 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places‚ e.g. 1.25.) Manufacturing overhead rate $ 2.20 per machine hour Answer: Manufacturing Overhead Rate = Estimated Overhead ÷ Estimated
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Piyabalo Padaro MGT 301 Midterm Exam 17 November‚ 2012 1. A re-organization will require that some employees are provided severance packages while other reassigned. What interpersonal managerial roles developed by Mintzberg will a manager confronted with this employ? Explain. Most of us agree that for the companies to function more efficiently and effectively‚ some changes need to be made sometimes to ensure that the current requirements are met. Managers most of time have to reorganize
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Exam training Case 1 Chapter 1 Basics of financial reporting Chapter 2 International accounting differences Chapter 3 The process of harmonization Case 1 Case of Sanofi – Aventis Case “Old habits die hard” Case 2 Chapter 11 Basics of interpretation of financial statements Chapter 30 Interpretation of financial statements Chapter 31 Techniques of financial analysis Calculate ratios and conduct the analysis Case 2 Calculate Profitability
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JUS 485 Midterm Exam Answer the following questions‚ which are based upon the first four modules of the course. 1. Explain why it is that evidence gained through the forensic science process is almost always considered to be circumstantial evidence. The most important fact that makes forensic evidence circumstantial is because science cannot be clearly defined by law. The legal system have created standards and written legal rules regarding the admissibility of forensic evidence. When forensic
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Score: ______ / ______ Name: ________________________________ Student Number: ________________________ Directions: Answer the questions below. Use full sentences when applicable. 1. Give two examples of each of the following elements of fiction and nonfiction from the texts you’ve read in Units 1‚ 2‚ and 3. Characters:Fiction: James the teenager‚ Peggy the librarian and Astoria‚ Darla the one who placed the books on the shelves.. Non-Fiction: Desiderata by Elizabeth McCracken Plot:Fiction: Peggy
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Test 1 Chapters 1-4 Student: ___________________________________________________________________________ 1. A cause-and-effect relationship is implicit in the: A. Realization principle. B. Historical cost principle. C. Matching principle. D. Going concern assumption. 2. Accounting standard setting has been characterized as: A. A political process. B. Using the scientific method. C. Pure deductive reasoning. D. Pure inductive reasoning. 3. The FASB ’s conceptual framework ’s qualitative
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Thomas Edison State College Principles of Managerial Accounting (ACC-102) Final Project 1. Cost-volume-profit relationships (15 points) The following data are available for a product manufactured and sold by Logan Company: Compute the following: (a) Contribution margin per unit: $_______________ Solution: Computation of the Contribution margin per unit Contribution margin per unit = Selling price per unit – Variable Cost per unit Where as Selling price per unit = 212 Variable Cost per
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Ghiladi - Exam 1 Name: ______________‚ ______________ ID #:______________ (last) (first) Directions: 1. WRITE AND BUBBLE in LAST NAME‚ FIRST NAME and ID# on the Scantron sheet 2. Enter exam code 111 in the ‘Special Codes’ section of the Scantron sheet 3. Write your name and ID# on this exam paper 4. Hand in all materials before leaving the classroom 5. FAILURE TO FOLLOW DIRECTIONS WILL RESULT IN A ZERO h = 6.6262 x 10-34 J•s c = 3.00 x 108 m/s RH = 3.290 x 1015 s-1 Bohr radius
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ACCT 712 Final Exam 1. Net cash will be different from a company’s net income because of the changes in working capital (inventories‚ receivables‚ etc.) which is derived in the operating flows on a cash flow statement. By taking net income and making adjustments to reflect the changes‚ net cash flow from operating section will show how cash was generated. Another main reason is the translation process from accrual accounting to cash accounting because for example revenue reported on a accrual
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