1.Why would the owners of Lakeside as well as the company’s banks require that an independent CPA firm perform the annual audit?The reason that there needs to be an independent auditoris so that they can remain unbiased. It could potentially make them less independent if they areauditing both Lakeside and the bank in which Lakeside is taking loans from. The auditing firmneeds to stay independent in mind and appearance and this may be an issue when auditingboth. 2.This case implies that no auditor
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flag. The T flag uses the low-order bit of the Flags field. When set to 0‚ the T flag indicates that the multicast address is a permanently-assigned (well-known) multicast address allocated by the Internet Assigned Numbers Authority (IANA). When set to 1‚ the T flag indicates that the multicast address is a transient (not permanently assigned) multicast address. The solicited-node address facilitates efficient querying of network nodes during address resolution. In IPv4‚ the ARP Request frame is sent
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Case#1 Stock Valuation at Ragan Engines Ans. 1 EPS= $5.08 No. of shares= 300‚000 r=20% ROE=25% DPS=Total dividend/No. of shares=640000/300000=$2.13 Net income = EPS*No. of shares =5.08*300000 =1524000 g=Retention ratio*ROE =[1-(640000/1524000)*0.25 = (1-0.42)*0.25 =0.58*0.25=0.145=14.5% Po=D1/r-g =Do (1+g)/r-g =2.13(1+0.145)/0.20-0.145 =2.43885/0.055 = $44.34 Ans. 2 Industry growth rate g = Retention ratio*ROE
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Case Study- Unit 1- Careers- YOUJUICE YouJuice‚ an international drinks company‚ needs a dynamic new director to build Latin American sales. Background YouJuice Inc.‚ based in Monterrey‚ Mexico‚ sells ready-to-drink juices all over the world. It was originally a Mexican company‚ but it is now owned by a large US Corporation. YouJuice is currently looking for a Sales and Marketing Director for its sales facilities in Brazil‚ Argentina and Colombia. Recently‚ sales results have been poor. Overall‚
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starting first grade. Jem tries to warn his sister that school and home are two completely different places. Miss Fisher is not happy to find out that Scout already knows how to read and write. Miss Fisher has come prepared to install a modern system for teaching reading‚ and it upsets her that Scout has managed to learn to read at home. Miss Fisher realizes that Walter Cunningham has forgotten his lunch. She gives him a quarter and is expecting a quarter in return the next day. She does not know that
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1.13 1. Factors that likely contributed to the oversights made by the Ernst & Young auditors during the 2004 AA Capital engagement were the fact that Orecchio was not forced to pay back the “loan” immediately. Also Stevens‚ the CFO had been covering for Orechhio and his loans taken out on behalf of the company. The fact that the internal auditors saw this money as a legitimate loan says that there may have been an inside job between Orechhio and the internal auditors going on‚ which was not noticed
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1. Driving is Your Responsibility TOPIC: License to Drive – a Privilege SECTION: WHAT YOUR DRIVER LICENSE MEANS TO YOU Before getting behind the wheel‚ you should know that driving is not a constitutional right—it’s a privilege. To earn your license‚ you must pass a series of tests and obey the law. Driving privileges depend on your age and status‚ including your knowledge and ability to safely operate a motor vehicle. Your local DHSMV (Department of Highway Safety and Motor Vehicles) office will
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Technology Department of Technology Strategy and Entrepreneurship Technology & Strategy (MOT1431) TEACHING CASE No. 1 Rise of Microsoft Course Coordinator: Dr. Geerten van de Kaa Submitted By: Amir M. Shaikh CTiG - EMMEP 2008-2010 Student No.: 1537415 Date: 3rd February‚ 2010. Teaching Case No.1: The Rise of Microsoft 3rd February‚ 2010. Discussion Questions: 1. What factors led to Microsoft’s emergence as the dominant personal computer operating system provider? Is Microsoft’s
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Bauhinia © Martinsons & Associates 2009 Licensed exclusively for use at the City University of Hong Kong. Unauthorized use or reproduction of this case is strictly prohibited. This is a composite case that integrates the experiences of several companies. In the early 1970s‚ the Chan family pooled together $30‚000 and set up a small dairy processing plant in Hong Kong. Bauhinia Dairy initially produced only fresh milk and sold it through limited distribution channels. It has subsequently modestly
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3101AFE Accounting Theory and Practice Seminar Questions for Seminars 1- 6: Semester 1 2015 SEMINAR 1 - Semester 1 2015 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 – Question 1.2: If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements‚ would you have developed a positive theory or a normative theory? QUESTION 2 - Question 1.3: What is a conceptual framework‚ and would it be considered to be a positive
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