Questions
A010) One of the most active (and best studied) earthquake-prone areas is the San Andreas transform...

A010) One of the most active (and best studied) earthquake-prone areas is the San Andreas transform fault that forms a plate boundary between the North American Plate and the Pacific Plate. Turn on the San Andreas Major Ruptures folder to see rupture extents for three major earthquakes that have affected the San Andreas– Fort Tejon (1857, Mag. 7.9), San Francisco (1906, Mag. 7.8), and Loma Prieta (1989, Mag. 6.9). Also, in the Layers panel, turn on Gallery > Earthquakes.
   
Plate Boundary Earthquakes - San Andreas Fault, Wallace Creek, CA. What is the sense of offset along the San Andreas Fault? (i.e., Walk along either segment of Wallace Creek toward the fault. At the fault, determine the direction you turn to find the offset segment of the stream across the fault.)

right lateral (rocks on the west side of the San Andreas Fault move to the NW)

left lateral (rocks on the west side of the San Andreas Fault move to the SE)

A011) Plate Boundary Earthquakes - San Andreas Fault, Wallace Creek, CA. Use the Ruler tool to determine the distance (m) that Wallace Creek has been offset by recent motion along the San Andreas Fault (measure between the Problem 11 placemarks).

~75 m

~100 m

~303 m

~160 m

A012) Plate Boundary Earthquakes - San Andreas Fault, Wallace Creek, CA. Assuming that slip accumulates along the fault at about 6 cm/yr, how many years might it have taken to accumulate the slip that was released to produce the observed offset of the stream?

~2667 yrs

~5033 yrs

~1010 yrs

~10,100 yrs

A015) Plate Boundary Earthquakes - San Andreas Fault, CA. Keep the San Andreas Major Ruptures folder turned on to show the extents of segments of the San Andreas Fault that have slipped during major seismic events. Using seismic gap analysis (where segments of a fault that have not recently slipped form "gaps" of accumulating strain transferred from adjacent slipped fault segments that highlight areas of greater potential for a "seismic" event), which placemark highlights a segment of the San Andreas Fault that has a high risk for an earthquake?

Question 13 options:

Problem 15a

Problem 15b

Problem 15c

Problem 15d

In: Other

UTStarcom is a global leader in the manufacture, integration, and support of networking and telecommunications systems....

UTStarcom is a global leader in the manufacture, integration, and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The following excerpt was obtained from the 2004 10-K of UTStarcom, Inc., which reported material weaknesses in the company’s internal controls. In describing the company’s remediation efforts, the company stated that “planned remediation measures are intended to address material weaknesses related to revenue and deferred revenue accounts and associated cost of sales.”

These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the company’s fourth-quarter 2004 financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes but which did not result in any adjustments to the company’s fourth-quarter 2004 financial statements. If unremediated, these material weaknesses have the potential of misstating revenue in future financial periods. The company’s planned remediation measures include the following:

  • “The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.”

  • “In March 2005, the Company conducted a training seminar regarding revenue recognition, including identification of nonstandard contracts, in the United States and, in April 2005, the Company conducted a similar seminar in China. Starting in May 2005, the Company plans to conduct additional training seminars in various international locations regarding revenue recognition and the identification of nonstandard contracts.”

  • “At the end of 2004, the Company began requiring centralized retention of documentation evidencing proof of delivery and final acceptance for revenue recognition purposes.”

    1. What features of this case should have indicated to the auditor a potentially heightened risk of fraudulent financial reporting?

    2. Using the previous disclosures as a starting point, identify challenges regarding internal controls that a company may face in doing business internationally.

    3. The company had disclosed its planned remediation efforts for 2004. How might the auditor have used that information in planning the 2005 audit?

    4. Considering potential analytical procedures relevant to the revenue cycle, identify analytics that the auditor might use in 2005 to provide evidence that the problems detected in 2004 have been remedied.

    5. Considering potential substantive tests of revenue, identify procedures that might be applied in 2005 to provide evidence that the problems detected in 2004 have been remedied.

In: Accounting

Are Sarbanes-Oxley Act of 2002 and AICPA Code of Professional Conduct the same? How are they...

Are Sarbanes-Oxley Act of 2002 and AICPA Code of Professional Conduct the same? How are they related to each other?

In: Accounting

Mill Company is evaluating the proposed acquisition of a new milling machine. The machine's base price...

Mill Company is evaluating the proposed acquisition of a new milling machine. The machine's base price is
$150,000, and has a terminal value of $20,000. The company's cost of capital is 8%. The project has a
life-time of 3 years. The operating cash flows are as follows:
Year 1 Year 2 Year 3
1. After-tax savings: $35,000 $35,000 $35,000
2. Depreciation tax savings: $22,500 $25,000 $8,000
Net cash flow: $57,500 $55,000 $43,000
(a) Find the net present value of this project (NPV). Should it be accepted?
Suppose Mill Company wishes to expand its operations in the UK. The exchange rate at the time of
investment is £1= $1.60.
(b) Use the PPP to find the exchange rate 1 year from now, 2 years from now and 3 years from now. The
inflation rate in the U.S. (?$) is 3 percent and in the UK 5 percent (?£)
(c) Find the NPV in pounds. Should Mill Company invest in the UK?
(Numbers should be rounded to at least 3 decimal places. Please include currency symbols $, £ in
your answer)

In: Economics

How has the UK attempted to address the negative aspects of their single-payer system through various...

How has the UK attempted to address the negative aspects of their single-payer system through various policy reforms? Be sure to explain the economic rationale for the reforms.

In: Economics

What are the major countries that employ Gig workers i.e. US, India, UK, Japan, Hong Kong,...

What are the major countries that employ Gig workers i.e. US, India, UK, Japan, Hong Kong, etc and what advantages and disadvantages do they have?

In: Economics

What is the importance of having knowledge about Text Structure? (Academic)

What is the importance of having knowledge about Text Structure? (Academic)

In: Economics

write a paper on workplace incivility and solutions the academic and workplace incivility.

write a paper on workplace incivility and solutions the academic and workplace incivility.

In: Nursing

what kinds of tools and resources are available to improve academic writing

what kinds of tools and resources are available to improve academic writing

In: Operations Management

How could you improve your academic writing style?


How could you improve your academic writing style?

In: Psychology