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    A439: Advanced Auditing Accounting and Review Services Take Home Quiz February 6‚ 2008 Instructions: 1. On the Scantrom form in box labeled “Test No.” print “Review Services.” 2. Use the Scantron form to indicate your answers to the questions below. 3. Turn-in the Scantron sheet on the due date. 4. Open book‚ open note‚ online searches are all allowed. 5. NOT allowed – using other students‚ people or CPA exam review books. Suggestion: If you plan to take the Auditing portion of the CPA

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    1. The “crisis of confidence” on the public accounting profession was not something that happened overnight and it is not the fault of one group of people or individuals. The accounting profession is partly to blame for this crisis‚ as the necessary rules‚ regulations and guidelines were not in place to hold companies and accounting firms responsible for their actions. The lack of regulations also allowed companies to partake in misleading transactions. These transactions were perfectly legal

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    Recording the sale‚ but reducing sales by an estimate of future returns. All of the above. 2. (TCO A) During 2010‚ Steele Corporation sold merchandise costing $1‚500‚000 on an installment basis for $2‚000‚000. The cash receipts related to these sales during 2010 were $800‚000.What is the amount of deferred gross profit Steele Corporation will report on Dec 31‚ 2010? (Points : 6) $700‚000 $200‚000

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    Manufacturering Corporation (RMC) is considering moving some of its production from traditional numerically controlled machine to a flexible manufacturing system (FMS). It’s computer numerical control machines have been operating in a high variety‚ low volume manner. Issues 1. 1 . As a productions manager for R.M.C‚ what do you recommend? Why? 2. Prepare a case by a conservative plants manager for maintaining the status quo until the returns are more obvious. 3. Prepare a case for an optimistic

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    Paragon Tool

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    Executive Summary Considering the situation that Paragon Tool is currently in‚ with uncertainty regarding company’s future‚ management in disagreement and the lack of tangible information regarding MonitoRobotic’s acquisition it is recommended that Paragon Tool‚ take a week‚ gather all of senior management and develop a concrete and agreed upon strategy regarding Paragon Tool’s future growth strategy. Once such a strategy is formulated‚ if the service business and MonitoRobotic’s fit with these

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    machine design

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    c) d) 5. A shaft intermediate between a line shaft and a driven machine. a) Counter shaft b) Transmission shaft c) Machine shaft d) Axle 6. A shaft that is used to transmit power between the source and the machine absorbing the power. a) Line shaft b) Transmission shaft c) Machine shaft d) Counter shaft 7. A shaft forming on integral part of the machine itself is known as: a) Line shaft b) Machine shaft c) Counter shaft d) Transmission shaft 8. A rotating member that

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    Trurl's Machine

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    Stanisław Lem (staˈɲiswaf lɛm) was a Polish science fiction‚ philosophical and satirical writer. His books have been translated into 41 languages and have sold over 27 million copies. He is perhaps best known as the author of Solaris‚ which has twice been made into a feature film. In 1976‚ Theodore Sturgeon claimed that Lem was the most widely read science-fiction writer in the world. His works explore philosophical themes; speculation on technology‚ the nature of intelligence‚ the impossibility

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    Sealed Air Corporation Case Study Sealed Air Corporation Case Study Industry Manufacturing Overview Sealed Air is a leading global innovator and manufacturer of a wide range of protective packaging.With widely recognized brands such as Bubble Wrap cushioning‚ Jiffy protective mailers‚ Instapak foamin-place systems and Cryovac packaging technology. Sealed Air continues to identify new trends‚ and deliver innovative solutions to its customers in 51 countries. In the fast paced technology

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    Burger Machine

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    Executive Summary Burger Machine is a local burger stall business that has been present in the Filipino market since 1980. They were the first to establish a 24/7 business idea and was named the “the burger that never sleeps”. Burger Machine currently ranks 4th in the Philippine Market with the most number of stalls with 804 stalls. Aside from their wide reach in the Philippine market‚ they are also known for the taste and quality of their food. Which the Filipino`s look for – an opportunity for

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    Olap Tools

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    This report describes four OLAP tools. The four tools that I have chosen for this are: Pentaho – Open Source Tool Cognos Business Objects SpagoBI Pentaho – Open Source Application “The Pentaho BI Project is an open source application software for enterprise reporting‚ analysis‚ dashboard‚ data mining‚ workflow and ETL capabilities for business intelligence needs” (http://en.wikipedia.org/wiki/Pentaho). The Pentaho Business Intelligence Suite provides reporting

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