Eliot Rey, the owner of a publicly held technology company, asked Mary Messup, CPA, to conduct an audit of the company’s records. The financial statements to be audited covered a two-year period. The statements needed to be ready to submit to the SEC by September 30, 2017. Rey also needed to provide the audited financial statements to their bank as part of a large loan application. Messup immediately accepted the engagement and agreed to provide an auditor’s report within one month. Rey agreed to pay Messup her normal audit fee plus a percentage of the loan if it was approved. Messup hired two Sac State accounting graduates (both graduated in May 2017) to conduct the audit. She spent several hours going over what they needed to do. She told the new hires not to spend any time reviewing the client’s system of internal control but to concentrate on checking the mathematical accuracy of the general ledger and summarizing the data in the accounting records that supported Rey’s financial statements. The new hires followed Messup’ instructions. They competed the audit procedures in two days. They did notice that the company failed to include the terms of a large note payable in the footnotes, but they were nervous about talking to Mr. Rey about that. They did talk to Mr. Rey about the fact that although 25% of the accounts receivable were over 120 days old, there was no allowance for doubtful accounts included. Mr. Rey said they shouldn’t be concerned about that. They made a note of his response in the workpapers. They turned over the workpapers to Messup along with the financial statements prepared by the client. Messup gave an unmodified (clean) opinion on the financials.

REQUIRED: For each of the auditing principles listed, identify the action(s) taken (or not taken) by Messup or her assistants that support(s) their compliance with the requirement. 1. Auditors must be technically competent.

2. Auditors must comply with professional ethics.

3. Auditors must use professional judgment and maintain professional skepticism.

4. Auditors must plan work and supervise assistants.

​(Weighted average cost of capital​) Crawford Enterprises is a publicly held company located in​ Arnold, Kansas. The firm began as a small tool and die shop but grew over its​ 35-year life to become a leading supplier of metal fabrication equipment used in the farm tractor industry. At the close of​ 2015, the​firm's balance sheet appeared as​ follows:

Cash: 450,000
Accounts receivable: 4,250,000
Inventories: 8,400,000
Net property, plant, and equipment: 17,821,000
Total assets: 30,921,000

Long-term debt: 11,800,000
Common equity: 19,121,000
Total debt and equity: 30,921,000

.

At present the​ firm's common stock is selling for a price equal to its book​ value, and the​ firm's bonds are selling at par.​ Crawford's managers estimate that the market requires a return of 18 percent on its common​ stock, the​ firm's bonds command a yield to maturity of 8 ​percent, and the firm faces a tax rate of 38 percent.

a. What is​ Crawford's weighted average cost of​ capital?

b. If​ Crawford's stock price were to rise such that it sold at 1.5 times book​ value, causing the cost of equity to fall to 16 ​percent, what would the​ firm's cost of capital be​ (assuming the cost of debt and tax rate do not​ change)?

74 years female patient Jevity 65ml/hours on 11 am off at 8 am

1-describe causes of enteral nutrition

2-steps of how to administer enteral nutrition formulas with enteral pumps

3-in a word document ,arial x 12

What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.

   Please calculate annual room revenue (round to two decimal places) $ ___

Annual total revenue (round to two decimal places) $ ___

GOP (round to two decimal places) $ ____

  Mgmt fee base fee (round to two decimal places) $ ___

  Mgmt fee incentive fee (round to two decimal places) $ ___

      Total mgmt fee (round to whole number) $ ___

Mgmt fee on PAR basis (round to two decimal places) $ ___ PAR/yea

Mgmt fee as % of total revenue (round to two decimal places) ___%

Herr Fenderbender considers himself a great driver. He has just received a Mercedes sports car as a gift from his uncle. His car is worth $90 000, but will have a scrap value of $10 000 in the event of a collision, an event that will occur with a probability of 0.4. He is offered the following insurance policy: In the event of a collision the insurance company will pay Herr Fenderbender $80 000. The insurance company is asking a premium of R = $27 500 which Fenderbender has to pay if the policy is accepted, whether or not there is a collision. Herr Fenderbender has a (von-Neumann Morgenstern) utility function of wealth given by : U= W^1/2

A.Should Herr Fenderbender purchase this insurance? Explain carefully.

B.Should the insurance company be offering him this insurance (the insurance company has a lot of customers and hence is risk neutral; i.e. it has utility function

U =x).

C.Repeat A and B for the case where the insurance premium is R = $37 100.

D.Find the range of values of the insurance premium, R, which will be accepted by Fenderbender AND which the insurance company would be willing to offer. E.Suppose now that the insurance company knows that Herr Fenderbender is a good driver but believes that due to the moral hazard problem, after the insurance policy has been purchased the probability that there will be a collision will rise to 0.5. What does the insurance company believe its expected profit from sale of the policy is, and should the insurance company sell Fenderbender that policy? (R = $37 100)

Calculate the 5 number summary and the interquartile range of the following data:

37, 23, 3, 52, 35, 27, 28, 30, 41, 59, 20, 31, 48, 13, 937, 23, 3, 52, 35, 27, 28, 30, 41, 59, 20, 31, 48, 13, 9

Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for the period from 2004 to 2016. Compute a five-year weighted moving average using weights of 0.11, 0.17, 0.26, 0.13, and 0.33, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.)

  20048.79 20058.36 20067.78 20076.75 20087.4 20096.5 20106.53 20116.58 20125.56 20135.69 20145.77 20155.44 20165.33

The weighted moving averages are: (9 of them)

1. In the research entitled, "Religion, Spirituality, and Health in Medically Ill Hospitalized Older Patient" by H.G. Koenig, L.K. George, & P. Titus (2004). Is the research design qualitative or quantitative?

2. Is the research design based on a positivist paradigm or constructionist paradigm?

3. What is the worldview of the nursing profession?

5. How are worldviews related to religion?

5. Discuss the aspects of the two paradigms that consistent with the nursing profession worldview.

6. Why is it important to know your worldview?

Swathmore Clothing Corporation grants its customers 30 days’ credit. The company uses the allowance method for its uncollectible accounts receivable. During the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. At the fiscal year-end of December 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. At the end of 2015, accounts receivable were $590,000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2016 was as follows: Beginning balance $ 590,000 Credit sales 2,700,000 Collections (2,563,000) Write-offs (47,000) Ending balance $ 680,000 The company’s controller prepared the following aging summary of year-end accounts receivable: Summary Age Group Amount Percent Uncollectible 0–60 days $ 410,000 5 % 61–90 days 97,000 11 91–120 days 57,000 27 Over 120 days 116,000 38 Total $ 680,000 Required: 1. Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Prepare the necessary year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3-1. What is total bad debt expense for 2016? 3-2. How would accounts receivable appear in the 2016 balance sheet?