business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory agencies and income tax returns. 2. Inquire as to the general reputation of high ranking employees‚ influential directors and shareholders‚ as well as the entity itself. Carefully consider any matters that may negatively reflect on management ’s integrity‚ ability and attitude. Such inquiries
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“The acidification of the ocean today is bigger and faster than anything geologists can find in the fossil record over the past 65 million years” (Carl Zimmer). This is just an illustration regarding the tales of environmental degradation from carbon dioxide pollution in the ocean. The phenomenon of ocean acidification is imperative to understand; the reduction of essential pH levels over a protracted period of time is extremely harmful. In other words‚ ocean acidification can be measured by pH units
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Part 1: 1. Describe four factors that influence ocean currents. There are many factors that influence ocean currents‚ four of the factors would be planet rotation‚ wind‚ density of water‚ and gravitation. Planet rotation causes the currents to move clockwise in the northern hemisphere and counter clockwise in the southern hemisphere. Wind blows on the surface of the ocean therefore pushing the water in the direction of the wind. Different densities in the water can cause currents to form and move
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The European Exploration HIS111 Lecture 190 August 27‚ 2014 “European overseas expansion after 1600 entered a second phase‚ comparable to developments at home. As Spain declined‚ so did the Spanish empire and that of Portugal‚ which was tied to Spain by a Habsburg king after 1580 and plagued with its own developing imperial problems. These new conditions afforded opportunities for northern European states. The Dutch‚ between 1630 and 1650‚ almost cleared the Atlantic of
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Guide for Case Analyses “Ocean Carriers” Objectives of case: The key objective is to develop an understanding of how discounted cash flow analysis can be used to make investment and corporate policy decisions. 1. Determine the value and net present value of a real assets; 2. Distinguishing between book value and market value; 3. Identifying and forecasting incremental expected cash flows‚ including initial and ongoing capital expenditures‚ investment in net working capital‚
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ACCT 805AE Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial
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Ocean Current and Global Weather The ocean is the largest habitat for life on earth‚ and is vital to the land habitats as well. The ocean regulates the earth’s weather patterns. The main force influencing global climate is the solar energy of the fun. Because the earth is a sphere its surface is not heated equally by incoming solar energy. The equatorial areas receive more sunlight while the poles receive less because sunlight strikes at an oblique angle so much of the sunlight are reflected away
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Financial Management Read ‘Ocean Carriers’ and answer the following questions: Ocean Carriers uses a 9% discount rate. 1. Do you expect daily spot rate to increase or decrease next year? - The expected daily hire rates drives the daily spot rates higher. So we are expecting the higher daily spot rates under higher expected daily hire rates. 2. What factors drive average daily hire rates? - Demand in iron ore shipments‚ - World economy‚ strong economy in western countries will raise
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are reversible. Using the world’s water resources for energy has been around for centuries. Currently there are only a few different types of hydro power used to produce energy‚ and only 2 will be covered in this research: wave/current energy & tidal energy. Although both rely on the movement of the earth’s ocean‚ they use the kinetic energy produced to manipulate the movement into an energy source. keywords: sustainable‚ renewable‚ energy‚ resources Table of contents
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Case 1.1 – Client Acceptance Question # 1: Identify 5 procedures an auditor should perform in determining whether to accept a client. Which of these five are required by the auditing standards? a. (AU 314) The auditor should obtain an understanding of the entity and its environment in the following areas: i. Client’s application of accounting policies ii. The industry‚ regulation and other factors affecting the client iii. Client’s objectives ‚ strategies‚
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