...Executive Summary Oceanview is considering a property bid of $5 million, which would require them to submit a deposit of 10% of the bid amount. Should the bid be rejected, the deposit will be refunded. However, should Oceanview win the bid, they must still consider the approval of zoning change to built the condominium. If the zoning is approved, the building can start. If not, the 10% deposit will be forfeited. From the flow summarized above, we can see that the green light to carry on building is dependent on the approval of the zone change, highlighting the need for Oceanview to determine the probability of winning the bid as well as the zoning change approval. The timeline given below reflects Oceanview window of opportunity for it to conduct its market research before submitting its bid. This market research is key to Oceanview outcome to build the condominium since it would provide information as to whether the zoning would be approved. Recommendation Oceanview should consider the dynamic environment and invisible cost that might be incurred on top of the information provided by the market research. Firstly, in today’s volatile and post recession environment, Oceanview must evaluate if a luxury condominium would sell well. With pay cuts and retrenchment, many would opt for a more conservative option of owing a HBD instead on spending lavishly on a condominium. Moreover, the soaring real estate prices would deter many, hence resulting in the Oceanview’s revenue outlook...
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...MBA 513A Auditing Sally Assignment 3 Oceanview Marine Company As Oceanview Marine Company Assessment of Inherent Risk December 31, 2012 5-1 B.L.2/22/2013 |||YESorNO ||Assessment of | ||||Complex or ||Inherent Risk | ||Account |Susceptible to |non-routine |Large number |High, | ||balance based |theft or |transactions |of |Medium, or | ||on estimates' |manipulation |or calculations |transactions |Low | ||||||* | Cash ||N |Y |N |y |M | Accounts Receivable |N|N|N|Y|M| Allowance for Bad Debts |Y|N|N|N|M| Inventory |N|N|N|N|L| Prepaid Expenses |N|N|N|N|L| Property, Plant, & Equipment |N|N|N|N|L| Accounts Payable |N|N|N|N|L| Accrued Liabilities |N |N |N |N |L | Notes Payable |N |N |N |N |L | Taxes Payable |N |N |Y |N |M | Long-term Debt |N |N |N |N |L | Other Liabilities |N |N |N |N |L | Common Stock |N |N |N |N |L | Owners' Equity |N |N |N |N |L | Revenue |N |y |N |Y |H | Expenses (excluding items |N |N |N |N |L | below) ||||||| |Bad debts |Y |N |N |N |M | |Depreciation |y |N |N |N |M | * Any accounts that have one or more YES answers should be assessed as medium or high inherent risk. If not, explain why. 1 Includes significant concerns about the account balance's net realizable value. Current workpapers - audit planning + Page 25 Oceanview Marine Company Assessment of Acceptable Audit Risk December 31, 2012 A. Likelihood of Financial Difficulty ( check one) Source...
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...LILTS BERGER & ASSOCIATES Certified Public Accountants Ocean City, Florida 33140 Independent Auditor's Report Mr. Donald Phillips, President We have audited the accompanying balance sheets of Oceanview Marine Company as of December 31, 2015, and the related statements of income, cash flows, and inventory for the year ended, and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We concluded that our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence that supports the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment which includes the assessment of...
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...EV(init.prop). 3/ risk profile Amount | Probability | 0 $ | 0.08 | 400 $ | 0.1 | 600 $ | 0.5 | 750 $ | 0.2 | 1500 $ | 0.15 | Exercice 2 1 / Decision Tree Lets compute the rest of probablities related to our tree * P(A), P(N), P (s1|A), P (s2|A), P (s1|N) et P (s2|N) ? * P(A) = P (A |s1)* P (s1) + P (A |s2)*P (s2) = 0.41 * P(N) = 1- P(A) = 1-0.41 = 0.59 * P (s1|A) = P (A |s1)* P (s1)/ P(A) = 0.6585 * P (s1|A) = P (A |s2)* P (s2)/ P(A) = 0.3415 * P (s1|N) = P (N |s1)* P (s1)/ P(N) = 0,05 * P (s2|N) = P (N |s2)* P (s2)/ P(N) = 0,95 2 / If the market research is not available then OceanView should bid. EV(Bid) = 0.2 * (0.3*2’000’000 - 0.7*500’000) = 0.2*250’000 = $50’000 EV(Bid) > EV(no bid) . 3 / The recommended decision strategy for Oceanview is : * If The market research is positive about the referendum, in this case it is better to bid. * EV(pos,Bid) = 0.41*0.2*(0.66*1’985’000 - 0.33*515’000) - 0.41*0.8*15'000 = 107’428.2 -13’935.9 - 4920 = 88’572.3 * EV(pos,noBid) = -6’150 EV(pos,Bid) > EV(pos,noBid) * If The market research is negative concerning the referendum, in this case it is better not to bid. * EV(neg,Bid) = 0.59*0.2*(0.05*1’985’000 - 0.95*515’000) - 0.59*0.8*15’000 = 11’711.5 - 57’731.5 - 7’080 = -53’100 * EV(neg,noBid) = - 8’850 EV(neg,Bid) < EV(neg,noBid)...
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...cumulative preferred stock it had outstanding for the year. The weighted average number of common shares outstanding and net income for the year were 50,000 shares and $90,000, respectively. Earnings per share equals (do not show your work; just enter your answer): Question 3 Oceanview Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2014. Assuming that total dividends declared in 2014 were $80,000 and that the preferred stock is cumulative with two years' preferred dividends in arrears on December 31, 2013, the preferred stockholders should receive 2014 dividends totaling (do not show your work; just enter your answer): Question 4 Oceanview Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2014. Assuming that total dividends in 2014 were $35,000 and that the preferred stock is cumulative with one year's preferred dividends in arrears on December 31, 2013, the preferred stockholders should receive 2014 dividends totaling (do not show your work; just enter your answer): Answer: Question 5 Oceanview Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2014. Assuming that total dividends declared in 2014 were $45,000, that the cumulative preferred stock was issued on January 1, 2013...
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...Sidequest, travel east of Chocco Town. When you get close to the correct spot, the Adamant Cave will open up, where you can battle Dialga. • Palkia - After completing the Penthouse Sidequest, travel to Spatial Sea. When you get close to the correct spot, the Lustrous Cave will open up, where you can battle Palkia. • Giratina - After completing the Penthouse Sidequest, travel to Haunted Seaway. When you get close to the correct spot, the Griseous Cave will open up, where you can battle Giratina. • Arceus - Encounter every Legendary, and he will allow you to his cloud temple at the very peak of Mt. Stratus. The randomly-encountered ones (Latias, Latios, Raikou, Entei, Suicune) are not required. TRADE POKEMON OCEANVIEW CITY [pic] SOUTHERLY CITY [pic] Catch KIRLIA in ESPO FOREST, go from the left of SOUTHERLY CITY [pic] On the way to go to TUNOD LEAGUE [pic] Catch AXEW to evolve into FRAXURE at lv. 38 in the grass which go from...
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...Welcom e - Already a m em ber? [ Sign In ] My Itineraries My Account Customer Support Online Check-in Feedback Français Cancel My Hotel Booking Home Flights Vacation packages Hotels LAS VEGAS DEALS DISNEY Car rental Cruises Things to do Insurance Mobile Like 243k Your Trip to Oranjestad, Aruba Sat 5/Oct/2013 - Thu 10/Oct/2013 | Total price: C$2,309.27 Trip Summary Halifax to Oranjestad Your flight and hotel were added to your trip. Sat 5/Oct/2013 - Thu 10/Oct/2013 Return: Arrives on 11/Oct/2013. 1 Ticket: 1 Adult Change Flights Show Details The Westin Resort & Casino, Aruba Sat 5/Oct/2013 - Thu 10/Oct/2013 1 Room: 5 nights Flights October 5, 2013 - Departure Halifax 1 stop Toronto Total travel time : 9h 45m Flight + Hotel C$2,636.24 -C$326.97 Total: C$2,309.27 All prices include taxes & fees and are quoted in Canadian dollars YHZ 8:00am Air Canada 607 Economy/Coach (M) YYZ 9:27am 2h 27m Your Savings Layover: 2h 13m Toronto Oranjestad 5h 5m Best Price Guarantee Congratulations! You're getting the lowest possible rate. We guarantee it. YYZ 11:40am Air Canada 1294 Economy/Coach (M) October 10, 2013 - Return Oranjestad AUA 4:45pm 2 stops Newark Total travel time : 17h 33m 4h 52m AUA 2:59pm UNITED 1039 Economy/Coach (L) EWR 7:51pm Important Trip Information We want you to know this trip has the following restrictions regarding your flight and hotel. Layover:...
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...Foreword HTT310 is designed to give students with broad aspects of Travel Agency Management. Students will be given knowledge and basic understanding on how agencies being established, organized and the various components that must be considered in the management of a travel agency. Mayflower Acme Tours Sdn. Bhd. (9199-T) (KPL 0596) Menara Mayflower, No 1, Jalan Metro Pudu 1, Fraser Business Park, Off Jalan Yew, 55100 Kuala Lumpur. Tel: +603-9232 1999 Fax: +603-9232 1998 Eden Tours & Travel Sdn. Bhd. (Co. No. 183304-M) KKKP No. 1655 1st Floor, No.290, Jalan Pudu, 55100 Kuala Lumpur. Tel: +603-2148 3880 (General & Tour) Tel: +603-2145 9880 (Ticketing) Tel: +603-2148 7880 (Agency Sales) Fax: +603-2148 7454 Email: sales@edenvacation.com Email: corporateenquiry@edenvacation.cm Complain Email: complain@edenvacation.com Suggestion Email: suggestion@edenvacation.com Table of Content Introduction to Star Cruise……………………………………………………………………….……3 SuperStar Libra…………………………………………………………………………….........3 Additional Information………………………………………………………….……….9 Introduction to Costa Cruise……………………………………………………………….…….....10 Costa Victoria…………………………………………………………………………………..10 Additional Information………………………………………………………………...18 Cruise Packing……………………………………………………………………………………..….19 Nautical Terms…………………………………………………………………..…………………….21 Conclusion……………………………………………………………..………………………………23 References…………………………………………………..…………………………………………24 Appendix……………………………………………………………...
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...500 extraordinary islands G R E E N L A N D Beaufort Sea Baffin Bay vi Da i tra sS t a nm De it Stra rk Hudson Bay Gulf of Alaska Vancouver Portland C A N A D A Calgary Winnipeg Newfoundland Quebec Minneapolis UNITED STATES San Francisco Los Angeles San Diego Phoenix Dallas Ottawa Montreal ChicagoDetroitToronto Boston New York OF AMERICA Philadelphia Washington DC St. Louis Atlanta New Orleans Houston Monterrey NORTH AT L A N T I C OCEAN MEXICO Guadalajara Mexico City Gulf of Mexico Miami Havana CUBA GUATEMALA HONDURAS b e a n Sea EL SALVADOR NICARAGUA Managua BAHAMAS DOMINICAN REPUBLIC JAMAICA San Juan HAITI BELIZE C a r PUERTO RICO ib TRINIDAD & Caracas N TOBAGO A COSTA RICA IA M PANAMA VENEZUELA UYANRINA H GU C U G Medellín A PAC I F I C OCEAN Galapagos Islands COLOMBIA ECUADOR Bogotá Cali S FR EN Belém Recife Lima BR A Z I L PERU La Paz Brasélia Salvador Belo Horizonte Rio de Janeiro ~ Sao Paulo BOLIVIA PARAGUAY CHILE Cordoba Santiago Pôrto Alegre URUGUAY Montevideo Buenos Aires ARGENTINA FALKLAND/MALVINAS ISLANDS South Georgia extraordinary islands 1st Edition 500 By Julie Duchaine, Holly Hughes, Alexis Lipsitz Flippin, and Sylvie Murphy Contents Chapter 1 Beachcomber Islands . . . . . . . . . . . . . . . 1 Aquatic Playgrounds 2 Island Hopping the Turks & Caicos: Barefoot Luxury 12 Life’s a Beach 14 Unvarnished & Unspoiled 21 Sailing...
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