Burlingham Bees 1. AU 329 a. Based on the standards‚ describe the guidelines for developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence (para. 9-22). i. .09 Reliance on substantive tests: may be derived from tests of detail‚ from analytical procedures‚ or from a combination of both. The decision about which procedure to use is based on the auditor’s judgment. ii. .10 Level of assurance: analytical procedure
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Bees’ reported revenue would have to be within $100‚000 or a little more for it to be considered reasonable or fairly stated. There could be a number of reasons reported ticket revenues may be outside the reasonableness range”. Simply put‚ I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations. The allocation of tickets per weekend and weekday as I assumed‚ could have been different in the actual numbers for each
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BLOOMINGTON BEES CASE The Bloomington Bees‚ an independent minor league baseball team‚ competes in the Mid-States League. The team finished in second place in 2011 with an 87-57 record. The Bees 2011 cumulative attendance of 434‚348 spectators set a new record for the team‚ up from 390‚121 in 2010. Bank loan covenants require the Bees to submit audited financial statements annually to the bank. The accounting firm of Howe and Wen‚ CPAs‚ has served as the Bees auditors for the past five years. One
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except: a. Divisions b. Risks c. Business Units d. Activities 2. An entity’s contributors may include: a. Auditors but not contacts b. Contacts but not auditors c. Neither auditor nor contacts‚ only TeamRisk administrators d. Both auditors and contacts 3. Which of the following risk assessment elements are not stored in TeamStore? a. Risks b. Objectives c. Entities d. Controls 4. Which of the following statements regarding the self-assessment process is incorrect? a. Self-assessment allows both auditors
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taxed the same as zero coupons. The only difference is that the holder of a zero-coupon bond does not receive cash payment until maturity. In any case‚ every year the issuer will send a statement telling you how much interest accrued to the bond that year. In the case‚ the bond is amortized semiannually‚ accruing interest and taxes each year. 3. A- The company uses an investment banker as an intermediary to issue shares on the open market because bonds can only be issued to the public through
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A World without Bees! What is causing pollinator declines in the northern hemisphere and what are the potential implications for South Africa? The world depends heavily on pollinators. Although the bee is not the only pollinator‚ pollination is the bee’s main niche‚ so without bees‚ there would be an enormous decrease in plant life. Plants that are not pollinated will not produce fruits and seeds. And would therefore cause and end of animals and human life. Albert Einstein said: “If the bee disappeared
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It was a hot summer day in the year of 2005 I was 8 years old. So‚ one could say like almost any kid my age would want to do just to get out of the house! Play on their swing set of course! Even though it was kind of boring since I had nobody to play with‚ but it was nice to get out and have some fresh air. With the sun shining brighter than ever and the wind blowing just enough for it not to be too hot. I am just sitting there swinging and for some odd reason I thought to myself “wouldn’t it be
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Leah Rudolphi ACCY405 AE4 (8-10) Individual Assignment 10 Bloomington Bees Case 1) 43+29=72 games over the year 434‚348/72=6‚032 people per game 6‚032 * .25 = 1‚508 + 6‚032 = 7‚540 (25% increase in weekend games) total sales per weekday game: 5‚016 * .30 = 1‚504.8 * 10 = 15‚048 5‚517.6 * .30 = 1‚655.28 * 10 = 16‚552.8 5‚016 * .35 = 1‚755.6 * 6 = 10‚533.6 5‚517.6 * .35 = 1‚931.16 * 6 = 11‚586.96 5‚016 * .20 = 1‚003.2 * 4 = 4‚012.8 5‚517.6 * .20 = 1‚103
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Introduction Burt’s Bees case is a follow up for the case about Roxanne Quimby‚ an entrepreneur who started Burt’s Bees together with Burt Shavitz and managed to create a considerably big company almost from nothing. The objective of the first case was to make a suggestion whether the company should relocate its production from Maine to North Carolina and use its full potential‚ or stay in Maine and operate with limited growth potential. As the second case indicates‚ it is obvious that Quimby decided
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Burt’s Bees 1. Consumers look to price as an indication of quality and Burt’s Bees uses that to their advantage (A17). While their products are well differentiated simply by the ingredients list‚ Burt’s Bees marks up their products to create an even deeper sense of authenticity. It wasn’t until the Clorox acquisition that they even advertised such differences: “...Clorox immediately ran magazine ads comparing natural ingredients in Burt’s Bees to chemical ingredients found in other products”
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