2.1 It is important to take a balanced approach to risk management because its children’s natural inclination to take risks when they play‚ those responsible for children have to take a balanced‚ thoughtful approach to managing risk. This is particularly important for play because children today tend to have less freedom than in the past‚ and hence may have fewer opportunities for risk-taking as a normal part of their everyday lives‚ however as early years providers we must ensure that we take all
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in the vendor master file. c. (3) expand testing of automated application controls used to reduce control risk to cover greater portions of the fiscal year under audit. d. (3) The sales system automatically computes the total sale amount and posts the total to the sales journal master file. 12-18 a. (1) A system that performs relatively uncomplicated processes and produces detailed output. b. (3) completeness of sales transactions. c. (3) completeness of input. d. (3) procedures contained within the
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revenue in the period in which we earn it. | | | 2. | | Discuss the major principle that describes recording expenses.The matching principle states that we recognize expenses in the same period as the revenues they help to generate. | | LO1 | 3. | | Samantha is a first-year accounting student. She doesn’t think it matters that expenses are reported in the same period’s income statement with the related revenues (matching principle). She feels that “as long as revenues and expenses are recorded
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Managerial Finance. FI515 Homework Week 6 Problems (p. 503) 12-1 AFN Equation Baxter Video Products’s sales are expected to increase by 20% from $5 million in 2010 to $6 million in 2011. Its assets totaled $3 million at the end of 2010. Baxter is already at full capacity‚ so its assets must grow at the same rate as projected sales. At the end of 2010‚ current liabilities were $1 million‚ consisting of $250‚000 of accounts payable‚ $500‚000 of notes payable‚ and $250‚000 of accruals. The
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Chapter 8 Problem 6 The following are the historic returns for the Chelle Computer Company: Year Chelle Computer General Index Year chelle computer general index 1 37 15 2 9 13 3 -11 14 4 8 -9 5 11 12 6 4 9 Based on this information‚ compute the following: a. The correlation coefficient between Chelle Computer and the General Index. Answer : r= .1305 b. The standard deviation for the company and the index
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the premises should be laid in an indictment is not the title‚ but the occupancy or possession at the time the offense was committed. A person “enters or remains unlawfully” in or upon premises when he is not licensed‚ invited or privileged to do so. 3. Are there other relationships that should also hold special legal status‚ as the establish privileges similar to those of legal spouses at issue in this case? What challenges are involved in enforcing such privileges? The other relationships that
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$150‚000 = $150‚000 Average markup percentage = 150‚000/150‚000 x 100 = 100% Instructor Explanation: $60‚000 + $40‚000 + $30‚000 + $20‚000 = $150‚000 ($300‚000 - $150‚000) / $150‚000 = 100% Points Received: 5 of 5 Comments: Question 3. Question : Related to Problem 1‚ compute the average markup percentage for setting prices as a percentage of the variable manufacturing costs. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40‚000 Factory overhead-variable
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Week 3: Process Analysis and Production Processes - Class Discussion Discussion The purpose of this discussion board is to provide you with a forum to discuss your newly discovered production and operations management concepts in light of current issues and real world situations with others in the class. In essence‚ it is a practice ground for ensuring that your reasoning and foundation of these concepts are secure. This portion of the course requires you to interact with your fellow classmates
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Keith Miller IS3110 Week 3 Risk Mitigation Plans 1. Why is it important to prioritize your IT infrastructure risks‚ threats‚ and vulnerabilities? It is important to prioritize because you must be aware of what the risks‚ threats‚ and vulnerabilities are to your infrastructure so that you know where the most attention is needed to make the 2. A quality IT Risk Mitigation Plan will include details on costs‚ risk prioritization‚ and accompanying schedule. For risk prioritization‚ what
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Homework Week 4 1. Section 3.1‚ Exercise #14‚ p. 125 Finding Probabilities consider a company that selects employees for random drug tests. The company uses a computer to select randomly employee numbers that range from 1 to 6296. Find the probability of selecting a number greater than 1000. P(E) = Number of outcomes in E / Total number of Outcomes in sample space Number of outcomes in E = 6296 – 100 = 5296 The probability = P(E) = 5296 / 6296 =
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