Chapter 4 Legal Liability for auditors 4-1. Understand litigious environment‚ which CPAs practice According to Google dictionary‚ litigious environment means a controversial environment. Where a simple mishaps can end up in a heavy lawsuit. Under common law‚ audit professionals have the responsibility to their client to fulfill their agreed on contracts. However‚ if one audit fails to fulfill their contract‚ not only they have to take responsibility to their clients but in some circumstances
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Introduction Revelation chapter 4 is a vivid depiction of the Holy Throne room. John of Patmos‚ the author of the book of Revelation is called up into Heaven where he sees the One who sits on the throne‚ and illusion to God the Father. Surrounding God are elders on thrones and all kinds of creatures‚ singing of the endless glory of God. This description of the throne room has strong ties to the book of Ezekiel‚ and they both portray the same message‚ all attention‚ honor‚ and glory should be given
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CHAPTER FOUR Q4.3. Power Toys (a) Since every resource has exactly one worker assigned to it‚ the bottleneck is the assembly station with the highest processing time (#3) (b) Capacity = 1 / 90 sec = 40 units per hour (c) Direct labor cost = Labor cost per hour / flow rate = 9*$15/h / 40 trucks per hour = $3.38/truck (d) Direct labor cost in work cell= (75+85+90+65+70+55+80+65+80) sec/truck * $15/hr = $2.77/truck (e) Utilization = flow rate / capacity 85 sec / 90 sec = 94.4% (f) (g) Capacity = 1
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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Children with Special Needs Julie Roth June 21‚ 2013 Chapter 4 Reflection In the Table 4.2 on page 85 are a list of assessment types. Choose (2) forms of assessments and determine if they are formative or summative assessments. Explain how? Next‚ share how your (2) assessments assist you in tracking student’s development. The two forms of assessments that I choose to use in the classroom are formative. They are Observation and Portfolio. Formative assessments includes any methods that involve
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CHAPTER 1 1. Internal expansion involves a normal increase in business resulting from increased demand for products and services‚ achieved without acquisition of preexisting firms. Some companies expand internally by undertaking new product research to expand their total market‚ or by attempting to obtain a greater share of a given market through advertising and other promotional activities. Marketing can also be expanded into new geographical areas. External expansion is the bringing together
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7th of October 2013 Chapter 4 It is Saturday night and all the men have gone out Crooks and Lennie and Candy have been left behind. Description of Crooks’ room. Pg 98 Crooks is more permanent as the boss also uses him when he gets angry he plays a specific part. Crooks’ bed is made of straw‚ with just blankets covering the straw. Crooks has a separate to everyone else‚ he is attached to the bunk house. Crooks is good at fixing things. He has medicine bottles for himself and the horses
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Cinthia Gutierrez Acc 307 Homework Chapter 4 3. Allen visits Reno‚ Nevada‚ once a year to gamble. This year his gambling loss was $25‚000. He commented to you‚ “At least I didn’t have to pay for my airfare and hotel room. The casino paid that because I am such a good customer. That was worth at least $3‚000. “What are the relevant tax issues for Allen? Allen received something of value from the casino. Under the broad concept of income‚ the airfare and hotel accommodations would be considered
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Chapter 04 Analyzing Investing Activities Multiple Choice Questions 1. Which of the following would rarely be classified as a current asset? A. Prepaid insurance B. Goodwill C. Marketable Securities D. Work-in-progress 2. Which of the following would not be classified as a current asset? A. Inventory B. Accounts payable C. Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is
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ANSWER 4. C) Developments in science and technology are fundamentally altering the way people live‚ connect‚ communicate and transact‚ with profound effects on economic development. Science and technology are key drivers to development‚ because technological and scientific revolutions underpin economic advances‚ improvements in health systems‚ education and infrastructure. Through breakthroughs in health services and education‚ these technologies have the power to better the lives of poor people
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