Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
Premium Auditing Internal audit Internal control
Seminar 4 - Exercises #1. How many cells can be in a computer’s main memory if each cell’s address can be represented by two hexadecimal digits? What if four hexadecimal digits are used? Explain your answer. Answer: Hexadecimal digits is a base 16 number system and it ranges between 0 and F i.e. 0 - 9 and A - F (10 -15). (Table 1 below shows binary‚ decimal and hexadecimal representation). Two hexadecimal digits will be between 00 and FF and this will make up to 256 cells i.e. 0 – 255 (16
Premium Computer Hexadecimal Binary numeral system
its use of leverage or taking on riskier projects‚ the calculated historical beta may be drastically different from the beta that will exist in the future. Correct Answer: During a period when a company is undergoing a change such as increasing its use of leverage or taking on riskier projects‚ the calculated historical beta may be drastically different from the beta that will exist in the future. Question 3 2 out of 2 points Which of the following statements best describes what you should
Premium Stock market Stock
permitted in the standard form of a linear program. Answer Selected Answer: True Correct Answer: False Question 3 2 out of 2 points In a media selection problem‚ instead of having an objective of maximizing profit or minimizing cost‚ generally the objective is to maximize the audience exposure. Answer Selected Answer: True Correct Answer: True Question 4 0 out of 2 points In a transportation problem‚ a demand constraint (the amount of product demanded at a given destination)
Premium Linear programming Soft drink Optimization
like a savings account or a 401k to pay bills. 2. Three to six months of income in a emergency savings account only to be used in the case of an emergency. 3. A savings that offered compound interest because not only will you earn money on what you have saved‚ but you also earn money on the interest you received on that money. 4. Daily compounding because you would have the best annual return‚ the amount would grow faster than annual or quarterly compounding. Each day the savings grow a little
Premium Investment Compound interest Interest
Tutorial 4: Estimations 1. A process producing bricks is known to yield output whose weights are normally distributed with a standard deviation of 0.12lb. A random sample of 40 bricks from a day’s output had a mean weight of 4.07lb. (i) Find a 99% confidence interval for the mean weight of all bricks produced on that day. (ii) Estimate the smallest sample size required if the error in estimating the population mean weight of all bricks is to be within 0.03lb with 95% confidence.
Premium Arithmetic mean Standard deviation Sample size
Lesson 4 1. By default‚ Windows 7 standard users are permitted to install Plug and Play devices only if their drivers are Digitally Signed. 2. The debilitating condition in which files are stored as clusters scattered all over a disk is called Fragmentation. 3. The file system included in Windows 7 that is specifically designed for use on flash drives is called exFAT32. 4. Technically speaking‚ you create partitions on basic disks and volumes on dynamic disks. 5. In Windows 7‚ the
Free Windows Vista Operating system Windows 2000
Unit 401 - Understanding the principles and practices of internally assuring the quality of assessment. 1. Understand the context and principles of internal quality assurance. 1.1 Explain the functions of internal quality assurance in learning and development. Credibility – Centres must comply with standards set by awarding bodies for delivery of qualifications and keep an auditable track of all systems to provide evidence of competency. Once verification has taken place‚ the assurer acts as
Premium Quality assurance Management Best practice
would result in the membrane potential being less negative. This is what I predicted to happen. 3. Explain why a change in extracellular Na+ did not significantly alter the membrane potential in the resting neuron? Your answer: There are less sodium leak channels than potassium leak channels‚ and more of the potassium channels are open. 4. Discuss the relative permeability of the membrane to Na+ and K+ in a resting neuron. Your answer: Membrane permeability to sodium is very low because there
Premium Action potential Sodium Potassium
reach those goals first. (2-4 sentences. 2.0 points) 7. Describe at least two factors of an investment that you would want to consider before putting money into that specific investment. (2-4 sentences. 2.0 points) 8. Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $600. (2.0 points) TIP: If you don’t remember how to calculate return on investment‚ review the Calculating ROI pages in Section 4‚ Lesson 2. 9. Describe two
Premium Investment Rate of return Finance