...stability and losing everything. While outsourcing will take away jobs from existing employees and bring down employee morale, companies may want to look into merging with an existing company. Mergers will provide new opportunities, new avenues, and career development that will result in competition and eventually job security. Mergers are a new business opportunity that will allow the company to broaden their horizons and produce skillful associates as well. Global Communications can realize and accomplish new goals by merging with a cable company. This merger will be beneficial to the company and the people working there. This will allow GC to increase profits with the new services they will offer and employees will gain knowledgeable work experience. Both the company and employees are vital factors in the merger process. They need to walk hand in hand to complete the journey. Along with the company’s growth and prosperity,...
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...AUDITING 300 Semester 2 2012 - ASSIGNMENT 2 (Due Date: 1/10/ 2012) Please answer all four questions Question 1: The external auditor can rely on the work of the internal auditor subject to certain conditions being met. One of this relates to the internal auditor reporting to the audit committee rather than to management. Required: (i) Please explain as to why this is an important condition to be met (2 Marks) (ii) Provide three benefits of the audit committee in enhancing governance (6 Marks) (Total: 8 Marks) Question 2: In your preliminary assessment of control risk, you have assessed it as low. In undertaking your tests of control you note that the results fail to confirm your preliminary assessed level of control risk. Required: Explain the impact this would have on your audit plan. (Total: 3 Marks) Question 3: The sales system of John limited is as follows. John Ltd is a wholesaler of office supplies and sells them to a number of retail outlets (customers) in the Perth region on credit. Its prices are competitive and it offers a same day delivery service for orders telephoned before noon. The sales cycle relative to the phone ordering, despatch of goods and update of ledger are as follows: i. The customer phones through an order to the sales department which raises a sales order and two invoice copies which are priced and totalled. This is forwarded to the despatch department. ii.The despatch department makes up the orders...
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...Financial & Human Resource Management were not prevalent then, but its essence was widely observed in Kautilya's writings. "The King should look to the bodily comforts of his servants by providing such emoluments as can infuse in them the spirit of enthusiasm to work. He should not violate the course of righteousness and wealth. Thus, he shall not only maintain his servants, but also increase their subsistence and wages in consideration of their learning and work." Kautilya said that good governance and financial stability go hand in hand. According to him, there is stability if rulers (managers) are responsive, responsible, accountable, removable, and recallable, otherwise there would be instability. Clearly Kautilya's Arthashastra provides many valuable lessons to be learned by the present day rulers, managers and administrators. What is surprising is that what he taught about 2,400 years ago is equally, if not more relevant, even today. His vision and farsightedness, revealed in his text, is a precious gift to mangers and management education. Themes Roger Boesche describes the Arthaśāstra as "a book of political realism, a book analysing how the political world does work and not very often stating how it ought to work, a book that frequently discloses to a king what calculating and sometimes brutal measures he must carry out to preserve the state and the common good."[14] Centrally, Arthaśāstra argues for an autocracy managing an efficient and solid economy. It discusses...
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...Street. The clock hand landed on 5 a.m. and the couple locked the car, closed the garage, and proceeded into the house. Eerily quiet, they headed straight towards bed and fell sound asleep. Little did they know, their two teenage sons, aged fifteen and sixteen, were murdered up on the second floor. Their bodies were not discovered until noon, around eight hours later. This is the true event of a double homicide that occurred to my friend and his younger brother just last week. Carver’s story, illustrating the sudden death of his beloved father, similarly reflects the unforeseen death of my close friend. Tragedies of this degree hit close to home, and will undoubtedly affect me for an eternity as it did with Carver. The personal experiences of both Carver and I are intermittently connected, and mirror each other throughout the story to convey the value of loved ones. To begin with, my personal story with my friend William Lin made me fathom the shortness of life and the need to value the people and experiences that I overlook every single day. Throughout middle school and high school, William Lin was always the one critiquing me, aiding me in school work and I took him for granted all these years. I did not realize how valuable of a friend he was to me, and wasn’t nearly grateful enough for him. Carver, also took his father for granted throughout most of his life. The quote, “Send me what you write, he said. I said I’d do that, but then I didn’t, I didn’t think he’d particularly care...
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...Lê Quốc Bảo Living in Ho Chi Minh and Da Lat Sample Essays Can life in Ho Chi Minh City be considered a paradise? It is so difficult to respond to this question. Nowadays, there are so many people nationwide who choose Ho Chi Minh City as their second homes because they think they will get some convenient conditions from this, such as schools, hospitals, or money. In my case, I have lived and studied in Ho Chi Minh City since I graduated from high school in 1999. Living nearly 10 years in Ho Chi Minh City, I recognized that these are three typical differences which make Da Lat a better place to live in than Ho Chi Minh: weather, cost of living and transportation. One noticeable difference between the two places is the weather. Ho Chi Minh City has two distinct seasons: a very humid, rainy season and a long, hot, dry season throughout the year. The highest temperature climbs to approximately 39 degrees Celsius around noon in late April and the lowest may be about 16 degrees Celsius in the early mornings of late December. In the dry season, December through April is really hot and humid. The hot climate is hard enough on the people that they have to turn air conditioners all day. Besides, in the rainy, May to November, is a little cold but still humid because it has been raining on this period of time. So, it is not easy to live in such a hot city because you always break into perspiration and feel uncomfortable in your daily routine. Like Ho Chi Minh City, Da Lat also has...
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...Matt rushed to get his clothes on, hopping out his door, poking his arms out of the sleeves. He inspected the house for any sign of Anna, but it seemed as if she had already left. Slowly, Matt opened up the door, being cautious to not wake anyone that was still asleep. Sprinted as fast as he could, he swung his arms towards Ripper Hill. Anna was already started to build snowy defenses on crucial points. "Up here!" Anna bellowed down as Matt started to crawl up the steep slope. "Looks like you been doing a lot of work," Matt complimented as he paced around the the fortress. There were thick walls, heavily packed with small containers for snowballs beside each ones. "I don't think this needs anymore improvements," Matt stated, still...
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...Case Studies 1. SOLUTION TO STARTING RIGHT CASE, CH. 3, PAGE 110 This is a decision-making-under-uncertainty case. There are two events: a favorable market (event 1) and an unfavorable market (event 2). There are four alternatives, which include do nothing (alternative 1), invest in corporate bonds (alternative 2), invest in preferred stock (alternative 3), and invest in common stock (alternative 4). The decision table is presented. Note that for alternative 2, the return in a good market is $30,000 (1 + 0.13)5 = $55,273. The return in a good market is $120,000, (4 x $30,000) for alternative 3, and $240,000, (8 x $30,000) for alternative 4. Payoff table Laplace Event 1 Alternativ e1 Alternativ e2 Alternativ e3 Alternativ e4 0 55,273 Event 2 0 – 10,00 0 – 15,00 0 – 30,00 0 Average Value 0.0 22,636.5 Minimu m 0 – 10,000 – 15,000 – 30,000 Maximu m 0 55,273 Hurwicz Value 0.00 – 2,819.9 7 –150.00 120,00 0 240,00 0 52,500.0 120,000 105,000. 0 240,000 –300.00 Regret table Maximum Alternative Alternative 1 Alternative 2 Alternative 3 Alternative 4 Event 1 240,000 184,727 120,000 0 Event 2 0 10,000 15,000 30,000 Regret 240,000 184,727 120,000 30,000 a. Sue Pansky is a risk avoider and should use the maximin decision approach. She should do nothing and not make an investment in Starting Right. b. Ray Cahn should use a coefficient of realism of 0.11. The best decision is to do nothing. c. Lila Battle should eliminate alternative 1 of doing nothing and apply the maximin...
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...Case Studies 1. SOLUTION TO STARTING RIGHT CASE, CH. 3, PAGE 110 This is a decision-making-under-uncertainty case. There are two events: a favorable market (event 1) and an unfavorable market (event 2). There are four alternatives, which include do nothing (alternative 1), invest in corporate bonds (alternative 2), invest in preferred stock (alternative 3), and invest in common stock (alternative 4). The decision table is presented. Note that for alternative 2, the return in a good market is $30,000 (1 + 0.13)5 = $55,273. The return in a good market is $120,000, (4 x $30,000) for alternative 3, and $240,000, (8 x $30,000) for alternative 4. Payoff table Laplace Hurwicz Event 1 Event 2 Average Value Minimu m Maximu m Value Alternativ e1 0 0 0.0 0 0 0.00 Alternativ e2 55,273 – 10,00 0 22,636.5 – 10,000 55,273 – 2,819.9 7 Alternativ e3 120,00 0 – 15,00 0 52,500.0 – 15,000 120,000 –150.00 Alternativ e4 240,00 0 – 30,00 0 105,000. 0 – 30,000 240,000 –300.00 Regret table Maximum Alternative Event 1 Event 2 Regret Alternative 1 240,000 0 240,000 Alternative 2 184,727 10,000 184,727 Alternative 3 120,000 15,000 120,000 Alternative 4 0 30,000 30,000 a. Sue Pansky is a risk avoider and should use the maximin decision approach. She should do nothing and not make an investment in Starting...
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...MAT 143 Exam Must Show Work 1. Decide whether the following statements make sense and why? a. Restaurant prices have increased by 100% in the last 20 years b. I have a 70% average on our assignments going into the final exam, but I still hope to raise my course average to 80% by getting an 95% on the final. (The final is worth 25% of the final grade.) 2. Fill in the blanks (Reduce Fractions): Percent | Decimal | Fraction | 130% | | | | .072 | | | | 5/8 | 3. Assume that 40% of voters registered voters in Raleigh are Republicans. Read the following questions carefully, and give the most appropriate answers. a. The percentage of voters registered, as Republicans is 25% higher in Boone than in Raleigh. What percentage of the registered voters in Boone are Republicans? b. The percentage of voters registered as Republicans is 25 percentage points high in Boone than in Raleigh. What percentage of the registered voters in Boone are Republicans? 4. a. The number of housing foreclosures in 2008 was 3.98 million, up 78% over 2007. How many foreclosures were there in 2007? b. Your dinner bill is $44.50. You leave $50. Ignoring taxes, what percent tip did you leave? 5. Joe pays a semiannual premium of $750 for automobile insurance, and monthly premium of $150 for health insurance, and an annual premium of $500 for life insurance. Prorate the following expenses and find the corresponding monthly...
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...ACC 411 – Accounting Ethics Midterm Exam Due: November 20th by 11:59 p.m. Multiple Choice (2 points each) 1. Each of the following elements make up an integral part of what is meant by "ethics" except for: A. Accepted standards of behavior B. Knowing the difference between right and wrong C. Always following the law D. The moral point of view 2. When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner? A. If the CFO does not agree to correct the financial statements B. The CEO supports the CFO and does not agree to correct the financial statements C. The external auditors support the CEO and do not agree to correct the financial statements D. The audit committee should always be the first to be informed about such a difference of opinion 3. "Treating others fairly" encompasses treating them: A. Equally, impartially, and responsibly B. Equally, responsibly, and openly C. Impartially, openly, and diligently D. Equally, impartially, and openly 4. Objectivity requires that a CPA should: A. Maintain a mental attitude of impartiality B. Maintain a mental attitude of intellectual honesty C. Be free of conflicts of interest D. All of the above 5. The method of ethical reasoning that deals with making decisions after considering the interests of others is: A. Egoism B. Enlightened Egoism C. Utilitarianism D. Rights Theory 6. Deontology...
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...sports activities. She came up with the idea for this business during her recovery. She found that while there were plenty of business that sold fitness and conditioning equipment, they lacked in knowledge. They often gave poor advice on how to use the equipment and what was best to purchase based on customer needs. In order to provide high quality service, each Fit Stop will employ a physiotherapist( to provide advice on such problems as injuries or back pain), and a person with a bachelor’s degree in kinesiology( to provide advice on training for sports and other physical activities). The remainder of the staff in the store will consist of a manager, with a bachelor of commerce degree, and sales staff that will have at least high school diplomas. It is expected that 8-12 sales staff will be needed at each store. The stores will be located in shopping mall and will operate on a seven day a week basis. They will be open from 9:00-9:00 weekdays, 9:00-6:00 Saturdays and noon to 6:00 on Sundays. Susan believes that the key to her business success will be highly motivated and knowledgeable employees with a concern for customers and are able to work as a team. The key aspect of the company is to be the most up-to-date and advance supplier of new products, techniques, and customer service. Susan does not know much about compensating her employees, she needs help in determining and developing a compensation system. Road Map...
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...Welcome to Rodney’s Italian and Grill Welcome to Rodney’s Italian and Grill Dear Employee, We are pleased to welcome you into our business family. As a new member of our family, we have prepared this handbook to further acquaint you with our organizations and help answer any initial questions you might have. Our goals are simple – to furnish a clean, comfortable and interesting atmosphere, and provide quality food with professional service. When we accomplish these goals efficiently, our customers will be satisfied and will continue to visit Horn’s Bar and The Yankee Rebel Tavern. They will also recommend us to their friends and thereby help build our business. You play an important role in reaching these goals and we want to know you have our support and in order to help you understand what we expect we have created this policy handbook. Each policy is explained in an uncomplicated manner. The fulfillment of the policies in this handbook are conditions for your employment. Discuss any questions you might have with your manager, office manager or one of us. We wish you much success with our companies and hope you find working with us here on Mackinac Island a rewarding experience. Sincerely, Rodney Code, Owner TABLE OF CONTENTS Section A FOR THE RECORD Background information on the restaurant and rules of the house. In this section you will also find hiring and payroll policies. ...
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...Dancing with the Stars Academy Glenda E. Ortega ECO/561 October 26, 2015 Prof. Seyed Baladi Dancing with the Stars Academy The author is a business consultant that provides expert advice to entrepreneurs. One of those entrepreneurs is an experienced dancer and performer, Jennifer Camacho. Jennifer has been a successful performer for many years, winning international awards and recognition. She believes this is the time for her to expand her horizons and become a business owner. Her idea is to open Dancing with the Stars Academy, where she will be teaching dance to adolescents and young adults. This paper describes the economic considerations related to Jennifer’s dance academy. The Business and Its Competitors Dancing with the Stars Academy will be located in Miami, Florida. Jennifer plans on teaching tango, salsa, rumba, samba, foxtrot, and hip-hop. Research indicates there are approximately eighteen other dance studios in the Miami area. Of these, eight teach the same dance rhythms Jennifer will focus on (Dance Empire, 2015). Many of the dancing studios in the area are differentiated by the type of dance they teach, the type of competitions they attend, the success they achieve at these competitions, the tours they are invited on, and the previous success of the leading instructor. Getting into the market is extremely easy as a dance teacher does not have to own a space but merely rent a location from an existing studio (Rizzuto, 2013). In order to be successful one...
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...Paul's Cathedral, and Tower of London. Nearby points of interest also include Trafalgar Square and Emirates Stadium. Hotel Features. Tommy Miahs Raj Hotel's restaurant serves breakfast, dinner, and weekend brunch. Additional property amenities include tour/ticket assistance. A total renovation of this property was... [Read More] Hotel Rooms : 41 Score from 95 reviews Show map Open Photo Gallery Lowest Price Guarantee! Check Availability for Tommy Miahs Raj Hotel Check-in date: Check-out date: Rooms Adults Children Room 1 Hotel Facilities Hotel info Hotel Policies 24-hour front desk Cable television service Check-in time starts at (2 PM) Check-out time is (noon) Coffee/tea maker Complimentary toiletries Daily housekeeping Fax machine Flat-panel television Free Wi-Fi Hair dryer (on request) In-room safe Non-smoking only Private bathroom Restaurant(s) in hotel Shower only Television Internet access (complimentary) Total number of rooms - (41) Tours/ticket assistance Wake-up calls Eurobookings.com - Safe and Secure! Your reservation is absolutely secure. SSL encrypts your credit card number, name, address, and telephone number before they travel over the Internet. This makes doing business over the Internet as secure as purchasing by telephone. SSL safe connection and secure transaction technology has effectively protected hundreds of thousands of Eurobookings customers who have...
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...UNDERSTANDING ADDICTION The word “addiction” may conjure up an image of a sluggish heroin junkie or an erratic crack head. It could also bring to mind a chain smoker or a staggering drunk. Once reserved to describe the state of clinical dependence on a substance as a result of extended abuse, the concept of addiction is widening and includes activities that seem less obviously harmful at the surface. Addiction may not always be as visible as track marks or as noticeably threatening as a drunk-driving accident. The concept of addiction isn’t just abstract to the layperson. It’s been controversial within the mental health community as well. The most widely-used reference in the medical mental health community, the Diagnostic and Statistical Manual of Mental Disorders (DSM), is due to be published by the American Psychological Association in its fifth revision in April 2013. Its purpose is to create a common language between practitioners so that diagnoses will be consistent from one clinician to the next (DSM-5 Development). In the book, the word “addiction” was forgone in favor of either “substance dependence” or “substance abuse,” in a very narrow decision. Charles O’Brien, a member of the committee that worked on the revision between DSM-III and DSM-IV, stated that the difference was a single vote. In an editorial published in the American Journal of Psychiatry, O’Brien urged the committee responsible for the changes being made in the fifth revision not to make...
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