Questions
For each audit activity, identify the PCAOB assertion that matches with the activity. Each activity has...

For each audit activity, identify the PCAOB assertion that matches with the activity. Each activity has one answer, but the assertions are used more than once.

      -       A.       B.       C.       D.       E.   

Review lease agreements for capital leases.

      -       A.       B.       C.       D.       E.   

Select a sample of inventory items from the receiving reports and follow the items to inventory records.

      -       A.       B.       C.       D.       E.   

Select a sample of fixed asset additions and ask to see the assets.

      -       A.       B.       C.       D.       E.   

Review the client's calculation of the allowance for doubtful accounts.

      -       A.       B.       C.       D.       E.   

Compare sales invoice quantities to shipping document quantities to verify the client's assertion that this procedure is done by client personnel.

      -       A.       B.       C.       D.       E.   

Select a sample of entries in the payroll journal and match the employee name, date of payment, and amount of pay to the employee personnel file.

      -       A.       B.       C.       D.       E.   

Ask production and sales personnel concerning possible obsolete or slow-moving inventory.

      -       A.       B.       C.       D.       E.   

Watch that an independent person double-checks the payroll wage rates and calculations before check are printed.

      -       A.       B.       C.       D.       E.   

Calculate the percentage of sales for salary and wages expense for this year and the prior year for reasonable presentation.

      -       A.       B.       C.       D.       E.   

Send a form to the bank for the balances of the payroll checking accounts.

A.

Existence or Occurance

B.

Completeness

C.

Valuation or Allocation

D.

Rights and obligations

E.

Presentation and Disclosure

In: Accounting

Lead poisoning is a serious condition resulting from the ingestion of lead in food, water, or...

Lead poisoning is a serious condition resulting from the ingestion of lead in food, water, or other environmental sources. It affects the central nervous system, leading to a variety of symptoms such as distractibility, lethargy, and loss of motor coordination. Lead poisoning is treated with chelating agents, substances that bind to metal ions, allowing it to be eliminated in the urine. A modern chelating agent used for this purpose is succimer (C4H6O4S2). Suppose you are trying to determine the appropriate dose for succimer treatment of lead poisoning.

What minimum mass of succimer (in mg) is needed to bind all of the lead in a patient's bloodstream? Assume that patient blood lead levels are 33 μg/dL , that total blood volume is 5.0 L, and that one mole of succimer binds one mole of lead.

Express your answer using two sigificant figures

In: Chemistry

Attack on Titan, Season 1, Episode 1 includes a powerful moment where Eren witnesses the death...

Attack on Titan, Season 1, Episode 1 includes a powerful moment where Eren witnesses the death of his mother. Explain how this scene defies clichés of heroism and creates more diverse and open expectations of what is to follow.Use specific details and examples from the scene. Remember that the art directors and director work closely on what is shown, the angles used, the colors, the dialogue, the composition, etc.

In: Psychology

You are choosing between two projects. The cash flows for the projects are given in the...

You are choosing between two projects. The cash flows for the projects are given in the following table​ ($ million):

Project

Year 0

Year 1

Year 2

Year 3

Year 4

A

negative $ 49−$49

$ 26$26

$ 20$20

$ 20$20

$ 13$13

B

negative $ 98−$98

$ 22$22

$ 41$41

$ 51$51

$ 61$61

a. What are the IRRs of the two​ projects?

b. If your discount rate is

5.2 %5.2%​,

what are the

NPVs

of the two​ projects?

c. Why do IRR and NPV rank the two projects​ differently?

In: Finance

You manage a fabrication shop and have collected the following measurements (cm). You collected 7 random...

You manage a fabrication shop and have collected the following measurements (cm). You collected 7 random samples each day for a month. Below find the average of those 7 measurements and the range. You do not know the natural variation. Construct an x-bar and range chart. Include several sentences about your conclusions after analyzing your charts.

Sample Sample mean (cm.) Sample range
1 50 13
2 53 11
3 53 13
4 55 13
5 54 11
6 51 10
7 52 9
8 53 10
9 52 9
10 53 10
11 55 12
12 54 10
13 53 11
14 54 13
15 54 9
16 50 10
17 52 11
18 54 9
19 52 13
20 52 12
21 53 12
22 52 10
23 54 9
24 55 13
25 57 11
26 56 10
27 57 13
28 56 9
29 58 9
30 56 9
31 58 9

Continuing on with the data from the fabrication shop (cm. measurements), you have the following additional information. The standard deviation is 1.3 cm. The contract specifies that parts will be between 50 cm and 60 cm. What is the Cp? Express with 2 decimal places.

In: Operations Management

Write the script in python to carry out the z- normalization on "Salary", if the Mean...

Write the script in python to carry out the z- normalization on "Salary", if the Mean is 79.6 and standard deviation is 14.4152. Assume the data is read from a csv file titled "Comp_sal_2014.csv".

In: Computer Science

8. Accepting a price discount for ordering larger quantities leads to lower levels of anticipation inventory....

8. Accepting a price discount for ordering larger quantities leads to lower levels of anticipation inventory.

True or False

9. Prices may not be directly related to costs in the market approach

True or False

10. Farmers turn to market and production contracts when they perceive the efficacy of spot markets to be inadequate in handling their risks and processors turn to contracts as a way to encourage farmers to produce specific products at desired times.

Ture or False

11. Competitive bidding, in general, is the most efficient means of obtaining a fair price for items bought.

True or False

12. Fixed costs generally remain the same regardless of the number of units produced.

Ture or false

13. In formation regarding prices trends cannot be easily obtained because most organizations are reluctant to share cost and price information

True or False

14. The process for bidding in the public sector is generally similar to the private sector, although there are a few important differences.

True or False

15. The purchasing manager indexes( PMIs) are leading economic indicators derived from monthly surveys of purchasing managers about forecasted company conditions.

True or False

In: Operations Management

how do you recruit hire place onboard new workforce members.

how do you recruit hire place onboard new workforce members.

In: Operations Management

1. How does a viewer discover the content of an artwork? 2. What are the of...

1. How does a viewer discover the content of an artwork?

2. What are the of meaning of the terms icon and iconography?

3. Pablo Picasso used both the bull and the Minotaur repeatedly to symbolize aspects of himself or as a historical reference. What would be an icon you would use for yourself?

In: Psychology

Why are appointment systems used? What decisions are necessary to design an appointment system? Describe some...

Why are appointment systems used? What decisions are necessary to design an appointment system?

Describe some practical examples of the single-resource sequencing problem.

In: Operations Management

true or false 1)An ethical absolutist would insist that what is morally right or wrong depends...

true or false

1)An ethical absolutist would insist that what is morally right or wrong depends upon the particular situation and the societal norms that have been put in place.  

true or false

2)In response to the question “Who’s to judge what’s right and what’s wrong?” Louis Pojman argues that no one is in a position to determine what's right and wrong.

true or false

3)Martha Nussbaum bases her ethical approach upon the concept of virtue described by Aristotle.

true or false

4)

John Stuart Mill insisted that some types of pleasure are more desirable than others.

In: Psychology

When logged in as the root user, how often would you do the command rm -rf...

When logged in as the root user, how often would you do the command rm -rf / ?

In: Computer Science

Estimate the melting point of nickel, Ni, if its ∆fusH is 17.61 kJ/mol and its ∆fusS...

Estimate the melting point of nickel, Ni, if its ∆fusH is 17.61 kJ/mol and its ∆fusS is 10.21 J/mol·K. (Compare this to a measured melting point of 1455◦C.)

In: Chemistry

Describe in detail the different parts of a Control Chart. Consider a control chart that is...

Describe in detail the different parts of a Control Chart.

Consider a control chart that is constructed to track student attendance. Give two examples of random variation and 3 examples of assignable cause variation.

In: Operations Management

a.  A bond that has a ​$1 comma 000 par value​ (face value) and a contract...

a.  A bond that has a ​$1 comma 000 par value​ (face value) and a contract or coupon interest rate of 10.5 percent. Interest payments are ​$52.50 and are paid semiannually. The bonds have a current market value of ​$1 comma 122 and will mature in 10 years. The​ firm's marginal tax rate is 34 percet.

b.  A new common stock issue that paid a ​$1.83 dividend last year. The​ firm's dividends are expected to continue to grow at 7.4 percent per​ year, forever. The price of the​ firm's common stock is now ​$27.35.

c.  A preferred stock that sells for ​$122​, pays a dividend of 8.1 ​percent, and has a​ $100 par value.  

d.  A bond selling to yield 11.7 percent where the​ firm's tax rate is 34 percent.

In: Finance