Part A Employment Internal Control Weakness Specific risk of fraud or error Weakness of authorization procedures‚ According to case‚ Miss Knag call Simon Black to advise him on the relevant salary or wage to be paid to that employee. The risk is new employees would be higher than normal ones. In addition‚ it may give the leader a chance to add the employees who do not actually on work in order to cheat the money from company. Weakness of authorization procedures According to case‚ company has
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Some Solutions to Problems (Übungen) to Lecture-1 of Lecture Series “Heat Transfer – 1” Institut für Energieverfahrenstechnik und Brennstofftechnik‚ TU Clausthal‚ SS 2005 1.1 A heat rate of 5 kW is conducted through a cross section area of 20 m2 and thickness of 3 cm. If the inner (hot) surface temperature is 600ºC and the thermal conductivity of the material is 0.5 W/mK‚ what is the outer surface temperature? Solution: Tout = 585 °C 1.2 The heat flux through a wood slab 50 mm thick‚ whose inner
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Project vs Firm Risk and the Impact of Leverage The SML and WACC § Consider 100% equity financed firm § Beta = 1 E/V = 1! D/V = 0! § WACC =? E D WACC = × RE + × RD × (1 − TC ) = RE V V WACC = Cost of equity from CAPM [ ] WACC = RE = R f + β × E [RM ] − R f = E [RM ] Beta =1! 2 SML and WACC SML Expected Return WACC = E[RM] Rf [ R f + β × E [RM ] − R f ] β=1 Beta 3 Accept Projects Y and/or Z? Expected Return IRRz WACC = E[RM]
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Ratan Tata: Tata Group Chairman (1991-2012) Ratan Naval Tata has stepped down as chairman of Tata Sons and while the entire team at the $100 billion Tata conglomerate will surely feel his absence‚ the average Indian too will have reason to miss him. The country probably never needed Tata more than it does today; as The Economist wrote recently‚ ‘by standing out against graft so publicly and consistently‚ Mr. Tata was ahead of his time’. Not that the business suffered because of it; the diversified
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Cost Segregation is the use of accelerated depreciation methods on certain assets in order to increase depreciation expense‚ which lowers taxable income and therefor increases cash flow. For this cost recovery system‚ it is procedure to classify components of property‚ for example a building‚ into different categories‚ and depreciate them accordingly. According to the Journal of Accountancy (journalofaccountancy.com‚ cost segregation begins at the time of purchase. At this time‚ the client who
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appropriate estimate of risk-free rate rf B. C. 3. Identify appropriate estimate of market risk premium (rm – rf) D. 4. Use CAPM to estimate requity E. 5. Identify appropriate measure of rdebt F. 6. Use formula: rWACC = (1-TC)[D/(D+E)]rdebt + [E/(D+E)]requity 1. Identify (equity at the target debt-equity ratio Note that (equity at current debt-equity ratio is estimated at 1.11 Current debt value is $2498.8 million Current equity value is ($30
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vice president of global marketing had encouraged all product managers to utilize a new corporate study that segmented consumers at a global level. Lopez wondered which study—or combination of studies—would lead to the best plan for VAIO in China. tC About Sony Corporation and VAIO No Sony Corporation began in 1946 as the Tokyo Telecommunications Engineering Corporation‚ a manufacturer of telecommunications and measurement equipment. Over the following decades‚ Sony (the company’s official name
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Madalena Barbosa Marine Resources – April‚ 2012 Index Common Property Fishery of N identical fishing vessels model: .................................................. 2 1.a) Biological Stock Equilibrium without Harvest .................................................................... 2 1.b) Maximum Sustainable Yield ............................................................................................... 2 1.c) Open Access Equilibrium ................................................
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Paragraph 1 FePO4 is distinct from other α-quartz isotypes because its A cation is a transition metal. It is studied at different temperature ranged from 294K to 1073K by neutron powder diffraction. At relatively low temperature‚ it adopts the structure of α-quartz‚ which is tetrahedral and shown below. At high pressures‚ a phase change occurs to a more dense octahedral structure‚ which is known as β-phase. The transition temperature is 980K. During the first-order transition‚ discontinuities
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In early 2003‚ Boeing released plans to build a new “super efficient” jet called the 7E7. The jet subsequently gained the nickname the “Dreamliner.” In the six months following the announcement news depressed the market for aircraft‚ which was already shrinking. This news included the United States going to war with Iraq‚ global terrorist attacks‚ and SARS putting travelers in fear. This all contributed to the worst airline profits in a generation. From Boeing’s perspective this meant for a
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