Acquisition and Payment Cycle – Audit Program Design Part II Acquisitions General: 1.) Review purchase and expenditure procedures with accounts payable personnel‚ receiving personnel‚ cashier‚ and vice president of finance department. 2.) Examine general ledger for large and unusual disbursement amounts. 3.) Determine whether purchases greater than $5‚000 have additional approval. Audit Objective: Recorded acquisitions are for goods and services received. 1.) Examine documents in
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The Life Cycle Hypothesis Formulated by Franco Modigliani of MIT. 1. The theory basically says that individuals plan their consumption and savings behaviour over the long term with a view of allocating incomes in the best possible way over their entire lifetimes. 2. This implies different marginal propensities to consume out of permanent income‚ transitory income (temporary) and wealth. 3. The basic idea is that individuals will spend the different incomes differently with a view
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The cycle of change model‚ developed by Prochaska and DiClemente‚ has six stages that an individual can expect to go through when changing their behaviours. Precontemplation; where an individual is unaware that a problem exists. There is no intention to change their behaviour. The aim here for a professional using this model‚ is to help the client to start thinking about his or her health issue such as smoking‚ so they simply ask a few questions such as‚ ‘Have you thought about quitting smoking?’
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A complete gait cycle begins with one foot making contact on the ground and ending with the same foot making contact on the ground for the second time. The two main phases that will occur during the gait cycle are ‘Stance Phase’ and the ‘Swing Phase’. Stance Phase • Heel strike- the point when the heel hits the floor • Foot flat- the point where the whole foot comes into contact with the floor • Mid stance- where we are transferring weight from the back‚ to the front of our feet • Toe off- pushing
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3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
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Homer’s Odyssey provides a clear illustration of Joseph Campbell’s hero cycle through the journeys and characterization of the protagonist Odysseus. The hero cycle is used in epics to describe the journey of the hero from bad to good. In The Odyssey‚ Odysseus is characterized as arrogant‚ and and his journey from hubris to humility. The hero cycle is a theme that epics follow. It starts off with a departure then goes to an initiation where they come to an end in their return. Odysseus’ test is to
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Understanding Life Cycle Cost How your Northern saves you money ® Reference: Hydraulic Institute (www.pumps.org) What is Life Cycle Cost? • The life cycle cost (LCC) of any piece of equipment is the total “lifetime cost to purchase‚ install‚ operate‚ maintain‚ and dispose of that equipment. • The components of a life cycle cost analysis typically include initial cost‚ installation and commissioning costs‚ energy costs‚ operation costs‚ maintenance and repair costs‚ down time costs‚ environmental
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1. 1. Describe the Rock Cycle. Be sure to include the different rock types and processes that occur within the cycle. Consider a hypothetical granite (igneous rock) and describe three possible pathways through the cycle. The rock cycle is a model which is telling people that the changes of the rocks that take place on the earth. The changes show how each type of rock is formed. These all changes make their own type of rock base on the weathering‚ heat or pressure‚ etc.…all the rock made of
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lethal if not ventilated properly. This process is called pulmonary ventilation and is facilitated by three major components of the respiratory system: airways‚ lungs‚ and muscles; all of which play a vital role in the respiratory cycle and homeostasis. The respiratory cycle begins in the airways and during inhalation‚ the mouth‚ nose‚ pharynx‚ larynx‚ trachea‚ bronchi‚ and bronchioles assist in carrying oxygen rich air between the bodies exterior to the lungs‚ and ventilates carbon dioxide in reverse
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When working in the health and social care environment effective communication must be used in a correct manor. For example having good posture‚ good listening skills‚ polite attitude‚ the correct facial expression and good eye contact to reinsure that the service user feels comfortable within that environment. This will also help with the service users as they will feel wanted within that environment not only would they feel wanted they would also be satisfied within the environment as they would
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