attributes would you consider as being in the top 3 personal attributes of Kalin as an entrepreneur? Explain why you choose them as top 3 personal attributes. 4) İs cheese importing a good “opportunity”? How big is the market or in your estimation how much demand would there be for sheep milk white cheese among Bulgarian immigrants in the USA? To estimate the market potential make conservative assumptions. How much of this potential could Kalin capture? 5) İs your estimate of potential, and the
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attributes would you consider as being in the top 3 personal attributes of Kalin as an entrepreneur? Explain why you choose them as top 3 personal attributes. 4) İs cheese importing a good “opportunity”? How big is the market or in your estimation how much demand would there be for sheep milk white cheese among Bulgarian immigrants in the USA? To estimate the market potential make conservative assumptions. How much of this potential could Kalin capture? 5) İs your estimate of potential, and
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estimates made by management in the context of the financial statements taken as a whole. Since estimates are based on subjective as well as objective factors, it may be difficult for management to establish controls over them. Even when management’s estimation process involves competent personnel using relevant and reliable data, there is potential for bias in the subjective factors. Hence, during planning and performing procedures to evaluate accounting estimates, the auditor should consider the issue
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M International (“M”) and W Inc. (“W”) were involved in a class-action lawsuit regarding a patent infringement. W filed the original claim against M in May of 2007 and the lawsuit continued through the end of February 2011. Since the case is a timeline of facts, some aspects were difficult to determine and assumptions needed to be made. I can only imagine the amount of trouble a company has to go through to typically deal with this kind of an issue, since a lot is left to interpretation. According
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Materiality The Sarbanes-Oxley requirement for companies to develop key control processes has brought new attention to the well-known concept of materiality. CPAs need to be able to identify key control exceptions and apply materiality to determine their financial impact. First we need to know what material is; in accounting something that is material is something that is significant. Material information is something that would vastly affect the financial statements of a company. If that material
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Unit six: Principles of budgets in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a USB drive • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it
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Campus L¨ beck, Maria-Goeppert-Strasse 1, D-23562 L¨ beck, Germany u u {timm, barth}@inb.uni-luebeck.de Keywords: Eye centre localisation, pupil and iris localisation, image gradients, feature extraction, shape analysis. Abstract: The estimation of the eye centres is used in several computer vision applications such as face recognition or eye tracking. Especially for the latter, systems that are remote and rely on available light have become very popular and several methods for accurate
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Case 1: Contingencies 1. For the year-end December 31, 2007, financial statements, what amount should M record as a liability? ASC 450-20-25-2 states that: An estimated loss from a loss contingency shall be accrued by a charge to income if both of the following conditions are met: a. Information available before the financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial
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Week Three discussion questions 1. Project scheduling follows one of Parkinson’s laws: “Everything takes as long as it takes.” The topic for discussion is what are the elements and functions we must consider when developing the project schedule? In your experience what tools and techniques have you seen used effectively? As a contributor to inaccurate duration estimates is a situation known as Parkinson’s law. He further described “work expands so as to fill the time available for its completion”
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Instructions: Please complete all 3 multi-part problems for this week's assignment. 2-1 Basic Estimating Problem Please look at the Attached Excel sheet for answer for first problem only. 2-2 Three-point Estimate Problem (a) Data: a = the best case estimate = $0.24/lb. m= the most likely estimate = $0.30/lb. b= the worst case estimate = $0.62/lb. Answer: We have to determine the E-value: E = (a + (4*m) + b) /6 E = (0.24 + (4 * 0.30)
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