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1)assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.
2) evaluate the effectiveness of the company's disaster recovery plan and recommend two improvements to the plan that could have expedited recovery efforts. If the business did not have a disaster recovery plan or it is was not made public, discuss the rationale for the inclusion of a disaster recovery plan in the organization's overall business strategy and suggest how that would have benefited the company after the disaster took place. Provide specific examples to support your response.
3)Assess how automated flowcharting programs and automated decision table programs can be used for more effective auditing management procedures. Provide specific examples to support your response.
4)As an IT manager, propose a strategy to senior management for the acquisition of resources needed for effective audit management tools.
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2010 balance sheet of Wolfe Co. included the following items: 7.5% bonds payable due December 31, 2018 $1,200,000
The cost associated with maintaining rural highways follows a predictable pattern. There're basically no costs for the first three years, but thereafter maintenance is needed for restriping, weed control, light replacement, shoulder repairs, etc.
What is the formal definition in the glossary of the term "Current Assets?" Provide one drill-down reference from the Master Glossary for where the term "Current Assets" is used in the Codification.
A corporation sold land (with an adjusted basis of $240,000) for $200,000 to its majority shareholder. (A) What is the company's recognized gain or loss on the sale?
What are the different issues involved with translation exposure, transaction exposure and economic exposure? How can companies plan to mitigate the risk of each? What are the opportunity costs associated with measures to mitigate this risk?
Prepare the adjusting entry that records bad debts expense. Prepare the journal entry that records a write-off of a $700 uncollectible account receivable.
Use the following information and the percent-of-sales method to answer questions. For consistency with the Answer selections provided, please round your forecast percentages to two decimals.)
Summary balance sheet data for Greener Gardens Co. is shown below (in thousands of dollars). The company is in a highly seasonal business, and the data show its assets and liabilities at peak and off-peak seasons:
Fabert Corp uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work in process inventory that were 40% completed with respect to conversion costs.
Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000.
If ABC Service collects $50,000 from customers on account: a) total assets are unchanged b) liabilities increases c) owners equity decreases d) onwers equity increases
What is the break-even point expressed in dollar sales? How many units must be sold to earn a net operating income of $100,000 per year? Prepare a formal income statement for the year ended December 31, 2011 under the following:
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