Reference no: EM131358394
1. Imagine that you are the head coach of a college sports team. One of your most important objectives is to win as many games as possible. Describe some controls that you would implement to help achieve the objective of winning as many games as possible.
2. Perhaps your most important post-graduation objective is to get a job. Describe some control activities that you would pursue to help achieve this objective.
3. Describe some controls that parents use to keep their homes safe for themselves and their children.
4. Many retail companies experience customer and employee theft (or what is referred to a shrinkage) that equals 1%-2% of their total sales. For a company such as Walmart, this seemingly small percentage of total sales translates to billions of dollars. What types of internal controls might Walmart use to reduce its shrinkage?
5. If you were a restaurant owner, what internal controls would you implement to help maintain control of your cash?
6. As a form of internal control, what documents would you review prior to paying an invoice received from a supplier?
7. What internal controls would you implement to help maintain control of your credit sales and accounts receivable?
8. Why do companies take a physical count of their inventory on hand at least once per year?
9. Why do companies use sequential prenumbering for documents such as checks, sales invoices, and purchase orders?
10. How can an annual budget function as a form of internal control?
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Commercial bank-How large are the monthly payments
: A commercial bank will loan you $18,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The annual interest rate on the loan is 12.0 percent of the unpaid balance. How large are the monthly payments?
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Describe the duty of loyalty and whistleblowing
: The chapter reading identifies the concepts of duty of loyalty and duty of care. What is the difference between the two and identify those affected by these legal concepts.Analyze the duty of loyalty in whistle blower cases to determine to whom ..
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Represent human nature in a degrading light
: Interpret and explain this quote Mill, "When thus attacked, the Epicureans have always answered, that it is not they, but their accusers, who represent human nature in a degrading light"(2b). It should around 300 words, single space and reasona..
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Determine if restrictions on elastic constants are satisfied
: The following data has been obtained experimentally for a composite based on an unidirectional carbon-epoxy prepreg (MR50 carbon fiber at 63% by volume in LTM25 epoxy). Determine if the restrictions on elastic constants are satisfied.
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How can annual budget function as a form of internal control
: Why do companies use sequential prenumbering for documents such as checks, sales invoices, and purchase orders? How can an annual budget function as a form of internal control?
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Share of common stock has just paida dividend
: A share of common stock has just paida dividend of $2.50 (D0). If the expected long run growth rate for this stock is 4 percent per year, and if investors require a 12 percent rate of return,what is the price of the stock?
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Calculate safety factor and the reliability of the system
: Consider a material with measured strength values F given in Table 1.2. Assume the expected stress values to be one-half of the values in Table 1.2. Calculate the safety factor and the reliability of the system.
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Summarize the follower-focused leadership theories
: Choose a leader from history whom you admire. Similarly, to the Barnes, Humphreys, Oyler, Pane Haden, and Novicevic (2013) article that profiles Jerry Garcia, which is posted in the Unit I Study Guide, discuss which leadership style discussed in t..
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Hunters son dialogue activity
: Explain what you think the play is telling us (the reader) about how indigenous writers and people relate to animals?
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