QUESTION 1. Conceptually, confidence level (reliability), which is 1 – Acceptable Risk of Overreliance (ARO), and audit risk in the audit risk model are conceptually very similar. In addition, Tolerable Exception Rate (TER) and materiality in the risk model are conceptually very similar. Explain each of these statements and discuss why the two comparisons are […]
QUESTION For the exclusive use of M. Cameron, 2015.SwW11547MAHINDRA & MAHINDRA IN SOUTH AFRICAR Chandrasekhar wrote this case under the supervision of Professor Jean-Louis Schaan solely to provide material for classdiscussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors mayhave disguised certain names and other […]
QUESTION Cities and their governments in places like Singapore are heavily involved in integrating more nature into the urban fabric, creating a more sustainable urban fabric. Do you think their approaches could work in the United States?What do you think are the main obstacles for cities in the United States besides funding?After your initial post […]
QUESTION 1. You are studying a set of financial statements prepared for the city of Baltimore. You find an asset listed as a building which is reported as $2.4 million. The statement also shows accumulated depreciation of $700,000 for a book value of $1.7 million. In which of the following are you not looking as […]
QUESTION Variable Costing: (spreadsheet assignment #3)March:Beginning inventory = 2,500 units $26,500 ($10,000 variable)Production = 32,000 unitsSales = 31,000 units @ $50 eachVMC (DM, DL, and VOH) = $129,600FMC = $300,000VS/A costs = $124,000FS/A costs = $550,000April:Beginning inventory = ?Production = 33,000 unitsSales = 34,000 units @ $50 eachVMC (DM, DL, and VOH) = $133,650FMC = […]
QUESTION For each separate case below, follow the 3-step process for adjusting the prepaid asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume […]
QUESTION Fredstone Consolidated, Inc. and Gradison Enterprises, Inc. are both real estate developers. Each entity owns a 50% general partner interest in Realty Partners, GP, a general partnership. Fredstone and Gradison each contributed $15,000 to form the partnership. The partnership uses the $30,000 contributed by the partners and a recourse loan of $100,000 obtained from […]
QUESTION DQ 1Discuss Americaâs transportation revolution that took place during the first half of the 1800s, including the development of roads, canals, railroads, and steamboats. How did they contribute to the âmarket revolution?â Elaborate.DQ 2Why did the Mexican War of 1846 take place? Was the war necessary? Was it a good thing? What does this […]
QUESTION DQ 1Explain how and why slavery developed in the American colonies. Why couldnât colonists use indentured servants as they had in the past? How would you describe the differences between slaves and indentured servants?DQ 2The colonies of New England, the Mid âAtlantic and the Upper and Lower South developed their own forms of culture, […]
QUESTION Song Company purchased a depreciable asset for $350,000 on April 1, 2012. The estimated salvage value is $35,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2015 when the asset is sold? ANSWER: REQUEST HELP FROM […]
