Mira A Certified Public Auditor licensed in Palestine is the partner in charge of Ooredoo audit. In order to save cost, she hired a group of students from Al-Najah University to help her conduct the audit. A month later Mira received the audited financial statements and the report from the students. She signed it and send it to the board of directors of Ooredoo.
What standards were violated and why?

Is there a violation of the elements of audit quality control, briefly discuss?

---------------
Please Solve As soon as
Solve quickly I get you thumbs up directly
Thank's
Abdul-Rahim Taysir

Mr. and Mrs. Bighead have two dependent children, both attending Temple University. Buford, age 19 is a sophomore who received a 1098T from Temple for 2017 showing $15,000 of qualified tuition and fees. Brunhilda, age 23 attends Temple Law School and she received a 1098T from Temple showing $25,000 in qualified tuition and fees.

a)Assuming an AGI on their joint return for 2017 of $172,000, how much education tax credits do the Bigheads get to take on their tax return?

b) How would your answer in a) change if their AGI were $125,000?

You have the alternative of paying for university fees today for a payment of $15,000 or, you can select a payment plan where you pay $6,000 in 11 months from today and another $11,000 in exactly 23 months from today.

If the interest rate is 6.2%p.a. compounding monthly, what is the advantage that the payment plan has over the upfront payment? (expressed in present day value rounded to the nearest cent; do not show $ sign or comma separators; if the payment plan is more costly than $15,000 today, your answer will show a negative eg. -300.35)

Carla Vista Corp.’s net income for 2020 is $140,600. The only potentially dilutive securities outstanding were 1,000 call options issued during 2019, with each option being exercisable for one share at $16. None have been exercised, and 28,700 common shares were outstanding during 2020. The average market price of the company’s shares during 2020 was $20.

QUESTIONS:

A) Calculate diluted earnings per share for the year ended December 31, 2020.

B) Assuming that the 1,000 call options were instead issued on November 1, 2020 (rather than in 2019), calculate diluted earnings per share for the year ended December 31, 2020. The average market price during the last two months of 2020 was $20.

Problem 1: Record the Journal Entry or Entries for the following transactions assuming a perpetual inventory system is used.

1. XYZ Corp. is a retailer and they purchase 10,000 books for $25,000 dollars on account from ABC Corp.

2. Assume the terms of the sale described in #1 are FOB shipping point, XYZ Corp. pays Just-In-Time Logistics $2,200 for shipping.

3. XYZ Corp. purchases 3,600 calculators for $130,000 dollars from ABC Corp. under the terms 2/10, n/30 on March 1, 20X5. On March 8, 20X5 XYZ Corp. paid ABC Corp. in full.

4. XYZ Corp. purchases 300 keyboards from ABC Corp. for $24,000 on account on October 5, 20X4. On October 17, 20X4 XYZ Corp. discovered that $800 of the calculators (from the purchase in #3) were defective and returned them to ABC Corp.

5. XYZ Corp. sells 500 pencil cases to ABC Corp. at a selling price of $12, the cases had an original cost of $8.

6. Assume that after the sale described in #5 ABC Corp. returned 25 pencil cases to XYZ Corp. Assume the cases are still like new and XYZ places them back into inventory.

7. On April 15, 20X4, XYZ Corp. sells 500 cases of staples to State University on account for $1,500 with the payment terms 2/10, n/30 and the staples had a cost of $925. State University pays XYZ Corp. in full on April 24, 20X4.

Suppose you are the CFO of Toyota and that you manufacture your cars in Japan and export the vehicles to the USA. Assuming your current profit per car is $1,000 and you sell 10,000 this year, please answer the following and show your computations:
   - From a profitability point of view, do you generally favor a strong or weak US Dollar versus the Japanese YEN? Why?
   - If the exchange rate is 1 US Dollar = 1.20 Japanese YEN, what is your profit this year in YEN?
   - If the YEN appreciates in value versus the Dollar, would profitability increase or decrease?

3. The table below shows the number of hybrid cars sold (in thousands) in the US in the following years.                                                          * Source: Wikipedia

1. Find an exponential regression equation for the data. Let x = 0 represent the year 2000. Round a to two decimal places, and round b to four decimal places.

2. Describe what a and b tell you from your equation above in the context of the problem. Be very specific.

PT Kalbe Farma (PT KF) Tbk business and research development manager has a plan to develop a new vaccine for anti coronavirus. They have to borrow money from the bank for US$ 100,000,000. A syndicate of banks offer an interest rate of 10% annually for a 5-year loan

a) How much the monthly installment (interest & loan) that PT Kalbe Farma has to pay ?

b) PT KF CFO told the Business and research Development Division only has a limited of US$ 2,000,000 to pay for the monthyl installment. Can the manager proceed with the bank loan?

2. In December 2017, the US Administration passed the Tax Cuts and Jobs Act (TCJA). This lowered the top marginal corporate tax rate from 35% to 21%.

(a) What is the definition/interpretation of the “marginal tax rate”? (

b) According to the neoclassical model of investment, what should the US corporate tax rate cut have achieved?

(c) Give an explanation of how you might use this is a natural experiment to examine the effect of the corporate taxes on investment.

(d) What have been the effects of that TCJA so far? Has it had any of the intended effects?