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REQUIRED: Draft the appropriate audit opinion given the following scenarios. Each situation is independent of the other situations. 1. Proli Footwear’s management refuses to accrue the accounts receivable loss related to the bankruptcy of Moccasins For All. 2. The bank is expected to withdraw its financing because: a. The Company has projections that indicate continued decrease in earnings and reduced revenues; OR b. The Company has violated certain loan covenants that the bank will not waive
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States determine for the most part who is eligible to vote. Their laws can exclude large numbers of people from polls and create variation of voting throughout the country. For example‚ all state but Maine and Vermont prohibit prison inmates from voting. Majority of states also refuse to let people vote if they are on parole. There are ten states total that has permanently banned all convicted felons from voting. If states wanted to permit a 16 year old to vote‚ they could do that‚ however no state
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Assignment 1 NPV: = -PF + FV /(1+r) PV = FV/(1+r) or PV = C1/1-r + C2/(1-r)2 + .. + CT/(1-r)T Rate of return: R=(Vf-Vi)/Vf Rate r compounded m times a year: FV = C(1+r/m)mt 10% semiannually = 10.25% annually‚ Hence 10.25 is said to be the Effective Annual Yield (EAY) 1+EAY = (1+r/m)mt Assignment 2 Perpetuity The value of D received each year‚ forever: PV = D/r Annuity The value of D received each year for T years: PV = (D/r)*[1 – 1/(1+r)T] Growing Perpetuity PV = D/(R-g) R: the
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Kuta Software - Infinite Algebra 1 Name___________________________________ Systems of Equations Word Problems Date________________ Period____ 1) Find the value of two numbers if their sum is 12 and their difference is 4. 2) The difference of two numbers is 3. Their sum is 13. Find the numbers. 3) Flying to Kampala with a tailwind a plane averaged 158 km/h. On the return trip the plane only averaged 112 km/h while flying back into the same wind. Find the speed of the wind and the speed of the
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References: Averkamp‚ H. (n.d.). Accounting Coach. Retrieved August 15‚ 2012‚ from What is included in cash and cash equivalents?: http://blog.accountingcoach.com/item-in-cash-and-cash-equivalents/ Garvey‚ G. (2012‚ January 12). Seeking Alpha. Retrieved August 15‚ 2012‚ from Getting Apple
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Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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MANAGEMENT ACCOUNTING Information for Decision-Making and Strategy Execution SIXTH EDITION Anthony A. Atkinson University of Waterloo Robert S. Kaplan Harvard University Ella Mae Matsumura University of Wisconsin–Madison S. Mark Young University of Southern California Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City S~ Paulo Sydney Hong Kong Seoul Singapore
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1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
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J. (2013‚ September 13). What Twitter CEO Dick Costolo is like as a leader. The Washington Post. Retrieved from http://www.washingtonpost.com/blogs/on-leadership/wp/2013/09/13/what-twitter-ceo-dick-costolo-is-like-as-a-leader/ Stone‚ B. (2012‚ March 5). Years of Chaos and Fail Whales Didn’t Stop Twitter. Now the Company that Couldn’t Kill itself May be about to Take Flight. Bloomberg Businessweek‚ p.62-67.
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