Question 1 - Risks surrounding the identified accounts The Audit of TNO Ltd has highlighted number of risks. The risks highlighted in the audit are discussed throughout the report. Below is a table of the risks and tests to carry out‚ based on the five accounts highlighted as being of risk. The common assertion that is common to the five accounts is valuation and allocation. Account Assessment of Risk Substantive audit procedure Accounts Receivable Account Receivable has increased while sales
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CORPORATE FINANCE Case 1: Flash Memory‚ Inc. Section B1 Group 1A Executive Summary As sales of Flash Memory Inc. (Flash) increases rapidly in the first few months of 2010‚ additional working capital is required to ensure smooth operations and maintain their current growth rate. However‚ Flash currently has almost reached its notes payable limit of 70% accounts receivables with its current commercial bank and thus‚ need to look for various alternative financing means to provide the required
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Aspen Technology Inc. 1. What are Aspen Technology´s main Exchange rate exposures? Aspen Technologic Inc‚ is firm specialized in the development of simulation software for customers in process manufacturing industries‚ particularly the chemical industry. Big part of the AspenTech earnings comes for the licenses of their existing products. The 52% of Aspen Tech’s software license revenues came from customers outside de United States. With most‚ but not all‚ of its expenses incurred in the
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[STRATEGIC AUDIT REPORT OF APPLE INC] 1 APPLE INCORPORATED A STRATEGIC AUDIT REPORT ON APPLE INCORPORATED August 2010 Copyright © 2010 Sheikh Adnan All Rights Reserved 2 [STRATEGIC AUDIT REPORT OF APPLE INC] Submitted To University Of Wales‚ Lampeter As a partial requirement for the degree of MBA Strategic Management MBA Core Module: MBA3710-L Submitted by Sheikh Adnan Student Number: 29002361 Sheikh.adnan@stu.ctlondon.ac.uk Copyright © 2010 Sheikh Adnan All
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Component Technologies‚ Inc 1) Prepare the manufacturing staff’s calculations for the three alternatives (please refer to the attachments): a) In the first set of calculations‚ the staff used a discount rate of 20%‚ a five-year time horizon‚ and ignored taxes and terminal value. What is the relative attractiveness of these three alternatives? During the period of 5 years (from 1994 to 1998)‚ if the discount rate is 20%‚ Waltham plant is the only one that has a positive amount in NPV. The
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Flash Drives A common property of mass storage systems based on magnetic or optic technology is that physical motion‚ such as spinning disks‚ moving read/write heads‚ and aiming laser beams‚ is required to store and retrieve data. This means that data storage and retrieval is slow compared to the speed of electronic circuitry. Flash memory technology has the potential of alleviating this drawback. In a flash memory system‚ bits are stored by sending electronic signals directly to the storage medium
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12 Flash INC. CASE ANALYSIS Comparative Financial Analysis Author Assuming the company does not invest in the new product line; prepare forecasted income statements and balance sheets at year-end 2010‚ 2011‚ and 2012. Based on these forecasts‚ estimate Flash’s required external financing: in this case all required external financing takes the form of additional notes payable from its commercial bank‚ for the same period. Using the assumptions given in the case‚ all elements of income statement
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FLASH FLOOD Flash flood is one of the natural disasters that harmful to people. This kind of natural disaster usually cannot be expected by people because flash flood is a sudden occurrence. Flash flood happened suddenly with very little warning. So that‚ this will become a hazard situation when nobody knows that there will be happen a flood while all of them are busy doing their job. This shows that it is important to be aware of any signs of the flood and always remember to get to the high ground
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Case Study On Best Buy Inc. Strategic Management MGT 403 Section A Case Study on Best Buy Inc. Prepared By: Group Members: Name ID Aishwarya Roy 12102135 Saeed Shahriar Shaon 12102149 Lucky Akter 12102147 Kawsar Ahmed 12102159 Prepared For: Tanvir H. Dewan Coordinator‚ CBA IUBAT – International University of Business Agriculture and Technology 1.1 Current Situation Best Buy Co.‚ Inc. is an American multinational consumer electronics corporation headquartered in Richfield‚ Minnesota‚ a
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