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Suppose a department has determined that some users have gained unauthorized access to the computing system. Managers fear the intruders might intercept or even modify sensitive data on the system. Cost to reconstruct correct data is expected to be $2,000,000 with 5% likelihood per year.
One approach to addressing this problem is to install a more secure data access control problem. The cost of access control software is is $50,000 with 80% effectiveness. Here is the summary of risk and control:
Cost to reconstruct correct data = $2,000,000 with 5% likelihood per year
Effectiveness of access control software: 80%
Cost of access control software: $50,000
Determine the expected annual costs due to loss and controls. Also, determine whether the costs outweigh the benefits of preventing or mitigating the risks.
Evaluate the amount of cash payments to stockholders during the year
Accounting question-regression analysis that I have been working on but I am not sure if I have the correct answer
Using FIFO, perpetual inventory costing; and the following information, determine the cost of materials used and the cost of the July 31 inventory.
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Gunther, an individual, owns 40% of the corporate stock and has a $50,000 basis in the stock. Explain what is the amount of the NOL that flows through to Gunther?
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Which of the following is true about internal vs. external auditing?
hat is a likely explanation for this? Direct your response in terms of the current allocation base used and how the recently adopted robotics system is changing the past cost allocation system.
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Illustrate what does Inventory levels need to be maintained at 10% of the next months’ cost of goods sold. The gross margin for Spacely is 40%. There was $1,800 of inventory on hand at the end of December.
Wiley Company had total revenues of $300,000 for a recent month. During the month the company incurred operating expenses of $205,000 and purchased land for $45,000. Compute amount of Wiley's net income for the month.
The machinery was sold on May 1, 2013 at a gain of $12,000. How much cash did Sutherland receive from sale of the machinery?
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