Questions
Assume that you are a newly appointed junior auditor in PwC, an auditing firm. After a...

Assume that you are a newly appointed junior auditor in PwC, an auditing firm. After a 3-month rigorous training on the job, you have been awarded the certificate of completion and is now ready to embark on your very first assignment. Today, your first job was to evaluate the audit evidence gathered by your team from Salalah Trading and see if they are reliable or not based on ISA 500.

The following are the evidences gathered in various forms:

a) Your senior auditor assigned you to directly observe how a sale transaction is done in Salalah Trading. You were given three days to observe the sale transaction completely.

b)You need to get confirmation from customers if they really are paying their loans to Salalah Trading. The customers you have interviewed gave you their oral confirmation.

c) Your colleague, the auditor in-charge of physical examination of inventory of stocks gave their written report to you as part of audit evidence.

d)In the file of audite vidences,you also found the ratio analysis done by the previous auditors of Salalah Trading.

e) You also collected from the Sales Department the written agreements between the company and their customers about “no refund policy”. They were signed by both the customers and the manager.


**Required:
Evaluate the reliability of each of the documents above and identify the one that is considered the most reliable and least reliable.

In: Accounting

On April 1, Maryam established Maryam's Travel Agency. The following transactions were completed during the month:...

On April 1, Maryam established Maryam's Travel Agency. The following transactions were completed during the month: Pass journal entries to record the following transactions 1 April 2 April 3 April 4 April S April 6 April Performed services worth OMR 10,000: OMR 3,000 cash is received from customers, and the balance of OMR 7,000 is billed to customers on account. Invested OMR 15,000 cash to start the agency. Paid OMR 600 cash for April office rent. Purchased equipment for OMR 3,000 cash. Incurred OMR 700 of advertising costs in Oman Times, on account. Paid OMR 900 cash for office supplies. Withdrew OMR 600 cash for personal use. Paid Oman Times OMR 500 of the amount due in transaction on 4 April. Paid employees' salaries OMR 2,500. Received OMR 4,000 in cash from customers who have previously been billed 7 April 8 April 9 April 10 April in transaction in April 6. 11 April 12 April 13 April April 15 April 16 April 17 April 18 April 19 April Received OMR 5,000 from customers as advance payment for travel services next 20 April Paid 6-month insurance to Muscat Insurance Company, OMR 600

In: Accounting

You are the Information Security Officer of Mahtmarg Manufacturing a small manufacturing company worth approximately $5...

You are the Information Security Officer of Mahtmarg Manufacturing a small manufacturing company worth approximately $5 Million who provides fiber cable to local businesses, individual customers and to government organizations. In the course of the next eight weeks you will be creating your Information Security Plan (Issue-Specific Security Policy in Table 4-3 of the textbook) step by step using this scenario..

Your Task


Step 2: Develop the Authorized Uses section of your ISP

In this week’s Lab you will develop the Authorized Use section of your ISP to include:

Who can use the technology?

Define fair and responsible use.

Explain how the company will protect personal as well as proprietary information.

Include access to company systems from ‘outside connections’ (e.g. – public hotspot)

In: Computer Science

For this assignment, write a program that will generate three randomly sized sets of random numbers...

For this assignment, write a program that will generate three randomly sized sets of random numbers using DEV C++

To use the random number generator, first add a #include statement for the cstdlib library to the top of the program:

#include <cstdlib>

Next, initialize the random number generator. This is done by calling the srand function and passing in an integer value (known as a seed value). This should only be done ONE time and it MUST be done before actually getting a random number. A value of 1 (or any integer literal) will generate the same sequence of "random" numbers every time the program is executed. This can be useful for debugging:

srand(1);

To get a different series of random numbers each time the program is run, the actual time that the program is run can be passed as the seed value for the random number generator. This is done as follows:

srand(time(0));

If the time function is used, make sure to include the ctime library as well.

Note: the two srand instructions that are listed above are simple examples of how to use the instruction. In a program, only one version will be used.

Now that the random number generator has been initialized, a random number can be generated by calling the rand function:

num = rand();

The above line of C++ code will generate a "random" integer between 0 and RAND_MAX and saves the value in an integer variable named num. RAND_MAX is a pre-defined constant that is equal to the maximum possible random number. It is implementation dependent but is guaranteed to be at least 32,767.

Modulus division can be used to restrict the "random" integer to a smaller range:

num = rand() % 7;

will produce a value between 0 and 6. To change the range to 1 through 7, simply add 1:

num = rand() % 7 + 1;

To get random values that are within a specified range that starts at a value other than 0 or 1:

num = minimum_value + (rand() % (maximum_value - minimum_value + 1));

So, to get values within the range 3 - 17:

num = 3 + (rand() % (17 - 3 + 1));

Run 1 (using srand(5);) on Windows PC

There are 59 numbers in the first set of numbers.

 93 55 49 60 30 27 49 72 40 14 21 33 76 26  7 63  7 50 31 17
 92 93 11 36 49 52 83 22 31 51 69 59 10 53 15 22 87 83 34 86
  6 54 85 15 19 60 15 46 12 84  5 91 59 33 99 70  4 17 36

There are 235 numbers in the second set of numbers.

 66 38  1 36 10 89 90 93 51  6 35 50 68 46 82 75 35 82 60 53
 40  9 53 85 90 16 39 93 63 85 86 84 17 58 78 60 19 67 85  0
 26 71 80 74 78 85 43 73 33 29 39 56 61 75 92 83 55 86 19 66
 70 86 21 75 46 58 72  2 51 47 82 16 17 91 16 68 41 25  9 86
 51 33 67 89 61 46 73 82 24 91 49 43 54 27 32 72 76 96 16 97
 97  5 73 27 58 86 52 68  7 68 59 61 98  2 25 86 75 16 93 89
 32 82 68 74 21 71 20 67 94 58 30 70  0 72 24 95 86  8 87 36
 77 71 14 26 46  8 76  2 50 55 19 24 46 16 34 71 33 71 60 25
 58  5 93 11 86 34 72 32 33 80 42 30  0 10 38 58 67 98 45 26
 24 24 28 84 36 17  0  4 60 95 69 60 55 69 42 40 26 93 32 53
  0 28 64 74 75 17 30 72 30 54 48 37  8 39  4 44 65 81  5 43
 28 98 67 63 69 14 68 63 80 73 89 58 17 82 22

There are 205 numbers in the third set of values.

 81 40 35 33 69 58 56 79 66  0  2 24 65 35 50 84  7 26 85 35
 88 75 24 58 16 20 38 23 18  7 44 52 16 82 36 47 22 31 30 21
 78 59 54 88  0 17 90 81 87 73 59 58 60 94 49 92 22 29 81  1
 97 39 49 71 59 32 90 36 55 33 25 97 40 23 34 81 66 29 38 88
 35 88  2 55  5 45 44 94 34 83 26 91 16 85 10 64  1 66 28 96
 66 87 18 34 60 53 83 90 23 12 65 84 71 75 98 31 35  5 29 22
 72 51 22 37 38 51 62 26 56 12 23  1 22 27 76 85 34 61 92 48
 68 42 32 78 95 54  6 32 67 26 51 62 36 25 93 59 54 51 25 45
 15 54 55 73 19 51 24 36  2 79 19 97 23 66 91  5 91  1 27 20
 47 55 15 62 42 13 70 94 58 98 17  6 18 23 75 11 52 28 45 30
 89 95 32 95 49

In: Computer Science

Presented below are selected transactions for the Cardinal company for 2015 Record the jounal entries related...

Presented below are selected transactions for the Cardinal company for 2015

Record the jounal entries related to these events

Jan 1 Retired piece of equipment that was purchased Jan 1, 2005. The equipment cost 75,000 on that date and had a useful life of 10 yrs with no salvage value

April 30 Sold equipment for 38,000 that was purchased on Jan 1, 2012. The equip cost 105,000 and had useful life of 5 years with no salvage value

Dec 31 Recorded depreciation on equipment that was purchased on January 1, 2013. The equipment cost 42,000. Cardinal originally estimated a 5 year useful life and a 2000 salvage value. On Jan 1, 2015 they adjusted these estimates to a 6 year useful life with no salvage value. Assume depreciation is recorded annually

In: Accounting

Journalize the following transactions in the books of XYZ & Company and post them into the...

Journalize the following transactions in the books of XYZ & Company and post them into the ledger accounts and prepare the Trial Balance for the year ending January 31, 2005.

Jan 1

Started business with a capital

$ 150,000

5

Bought Furniture on account

     4,100

7

Bought goods for cash

875

9

Paid into the Bank

2,500

10

Sold merchandise for cash

270.50

11

Purchased supplies on account

246

12

Wages paid

72.50

15

Purchased equipment paying 20% down payment and the balance a note payable

15,500

17

Paid cash for the supplies purchased on Jan 11th

200

17

Sold goods on account

4,200

18

Received cash for the goods sold on Jan 177h

4,200

25

Paid for Salaries

2,500

31

Paid rent

2,400

In: Accounting

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses...

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses a perpetual inventory system and adjusts cost of goods sold for any shortage or excess inventory. The business began the last quarter of 2018 with merchandise inventory of 10 pairs of “Italia” table lamps at a total cost of $168,200.

The following transactions, relating to the “Italia” brand were completed during the quarter: October 5 Purchased 15 pairs of lamps at a cost of $17,020 per pair. October 14 Sold 18 pairs of lamps to Muller Furnishings at $22,250 per pair October 22 Purchased 24 pairs at a cost of $18,175 per pair but the supplier gave a 4% quantity discount. November 10 Sold 15 pairs of lamps to Orion Household Ltd and 10 pairs to Brown’s Furnishings which yielded total sales revenue of $589,750. November 12 Owing to an increased demand for this product, 30 pairs of lamps were purchased on account at a cost of $17,612 per pair. In addition, Esperado paid $288 in cash on each pair of lamps to have the inventory shipped from the vendor’s warehouse to Esperado’s showroom. November 27 Sold 23 pairs of lamps to Middletown Company at a price of $25,080 per pair. November 30 An actual count of inventory was carried out which revealed that there were 15 pairs of the “Italia” brand in the warehouse. December 2 In preparation for the festive season, Esperado purchased 25 pairs of lamps at a total cost of $474,500. December 15 5 pairs of the lamps purchased on December 2 were returned to the supplier, as they were not of the brand ordered. December 30 Sold 22 pairs of lamps to two customers (Omega Traders & Middleton Furnishings) at a selling price of $26,550 per pair. All purchases were on account and received on the dates stated. Required:

  1. iv) Assuming that Esperado sold 86 pairs of “Italia” brand of lamps during the quarter; determine the value of ending inventory and cost of goods sold assuming the business used the periodic system and the LIFO method? (5 m

In: Accounting

1. The Russian ex-FSB officer Alexander Litvinenko was poisoned in 2006 with 10 µg of polonium-210,...

1. The Russian ex-FSB officer Alexander Litvinenko was poisoned in 2006 with 10 µg of polonium-210, an α emitter that kills through radiation poisoning as molecules important to metabolism are ionized by the passage of the α particles. He died 3 weeks later.

(a) (5 pts) What is the nuclear decay process and what is the Q of the reaction in MeV? Show the full calculation.

(b) (5 pts) Find the kinetic energies (in MeV) of the α particle and the accompanying nucleus.

2. Refer to the previous problem.

(a) (3 pts) What was the initial activity of this dose of Po-210 in decays/sec?

(b) (3 pts) What fraction of the Po-210 sample decayed in the first 3 weeks?

(c) (2 pts) How many α particles were emitted in the first 3 weeks?

(d) (2 pts) If the average ionization energy of molecules in body cells is 2 eV, approximately how many molecules were ionized in the first 3 weeks?

In: Physics

Use the following information for the next three (3) questions. MARIKINA Company had the following cash...

Use the following information for the next three (3) questions. MARIKINA Company had the following cash transactions:

Cash collected from customers 12,500

Cash received from a loan 8,000

Cash paid for wages payable 5,750

Cash paid for the purchase of a building 15,000

Cash received for the issuance of new shares of stock 2,600

Cash received from sale of land 6,400

Cash paid for rent 2,500

Cash paid for dividends 1,500

1.What is the net cash provided by operating activities?

2.What is the net cash used by investing activities?

3.What is the net cash provided by financing activities?

In: Accounting

UBTECH Robotics is expected to generate the following free cash flows over the next five years....

UBTECH Robotics is expected to generate the following free cash flows over the next five years. After which, the free cash flows are expected to grow at the industry average of 3% per year. Using the discounted free cash flow model and the weighted average cost of capital of 11%

UBTECH Robotics FCF Forecast ($ Millions) Year 1999, 2000, 2001, 2002, 2003, 2004

FCF (Amount in Millions)$55, $45, $89, $102, $84, $87

a. Estimate the enterprise value (V0) of UBTECH Robotics.

b. If UBTECH Robotics has excess cash of $5.6 Billion, a debt of $800 Million and 50 Million shares outstanding, estimate its share price (P0).

In: Finance