Chapters 4-6 Assignment There a variety of reasons on why a person joins a gang. In class‚ we discussed a variety of different risk factors that can help predict membership. In the video former gang member‚ Marlin Henderseon discussed his experience within the gang culture. One of the risk factors that we discussed in class involved the family structure. Since both of his parents were crack addicts‚ he did not get to bond a lot with his family. As a child‚ his parents were not always there for him
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CBI Holding Company‚ Inc. Case Solution I. Summary A CBI Holding Company was a New-York based parent company for several wholly-owned subsidiaries. These marketed an extensive line of pharmaceutical products that were purchased from drug manufactures‚ warehoused in storage facilities and then resold to retail pharmacies‚ hospitals long-term care facilities and related entities. CBI’s chairman and president Robert Castello was the seat of the CBI‘s troubles and principal implementer of
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Question 1 : Why would a customer database be so useful for a company such as forbes or kodak ? what would happen if these companies had not kept their customer data in database ? This very useful for company forbes such as in learn details about each if its individual readers by examining forbes`s entire reader population. By this way they can easily understand each individual who interacts with its brand. These details help forbes advertisers target their campaigns more precisely and also help
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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Problems Q.1 Consider a five-year coupon bond with a face value of $1000 paying an annual coupon of 15%. (i) If the current market yield is 8%‚ what is the bond’s price? (ii) If the current market yield increases by 1% what is the bond’s new price? (iii) Using your answers to part (i) and (ii) ‚ what is percentage change in the bond’s price as a result of 1% increase in interest rates. Q.2 Consider the following FI balance sheet: M. Match Ltd Assets | Liabilities | 2 –year Treasury bond
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which exceeds materiality of $50‚000. c. The auditor should either propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or perform more testing to obtain a better estimate of the population misstatements. The additional testing will likely focus on receivables and inventory because they have the largest estimated misstatements. 9-28 a. The following terms are audit planning decisions requiring professional judgment: Preliminary judgment about materiality
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CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING 6-16 (15 min.) Sales budget‚ service setting. 1. |McGrath & Sons |2009 Volume |At 2009 |Expected 2010 |Expected 2010 Volume | | | |Selling Prices |Change in Volume | | |Radon Tests |11‚000 |$250 |+5% |11‚550
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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International Edition‚ McGraw Hill‚ 2010. 4. Alvin A. Arens‚ Randal J. Elder‚ Mark S. Beasley‚ Noor Afza Amran‚ Faudziah Hanim Fadzil‚ Nor Zalina Mohammad Yusof‚ Mohamad Naimi Mohamad Nor‚ and Rohami Shafie‚ Auditing and Assurance Services in Malaysia: An Integrated Approach‚ 2nd Edition‚ Prentice-Hall Malaysia‚ 2008. 5. William F. Messier‚ Jr. Stevan M. Glover‚ Douglas F. Prawitt and Margaret Boh‚ Auditing and Assurance Services in Malaysia‚ 3rd Edition‚ McGraw Hill‚ 2007. 6. Malaysian Institute of Accountants
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FINANCE 402 FALL 2014 HOMEWORK #6 Due November 20‚ 2014 1. BMA Chapter 18 – Questions 12 and 21 at the end of the chapter on pages 468-469. Q12. Compute the present value of interest tax shields generated by these three debt issues Consider corporate taxes only. The marginal tax rate is 35%. a. $1000‚ one-year loan‚ at interest rate of 8% (tax shield) = (tc x i x D) = (0.35 x 0.08 x $1‚000) = $28 PV(tax shield) = $28/(1+i)^1 = $25.93 b. A five-year loan of $1000 at 8% interest rate.
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