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Going Concern. In the audit of Cerberus, SA, of Bydgoszcz, Poland, Merek Olzewski, Certified Public Accountant (CPA), found indications that Cerberus may have going concern problems.
Required:
A. List three financial, two operating and two other indications that Olzewski might have found that show Cerberus may have going concern problems.
B. Because the going concern assumption is in question, what additional audit procedures would Olzewski undertake?
a. What will $35,000 deposited today be worth in 10 years at 12% compounded annually b. What is $14,000 worth today if deposited for 5 years at 4% compounded monthly c. What will $124,000 deposited today be worth in 10 years at 10% compounded daily
According to the neo-classical theory of wage setting, discrimination should be gradually weeded out of the labour market. Explain why this should be the case according to that theory. Discrimination, however, seems to endure.
The intertemporal budget constraint for Seth is given by the equation C2 = 120 - 1.2C1 where C1 =possible consumption in year 1 and C2 = possible consumption in year 2. Assume that C1 is on the horizontal axis and C2 is on the vertical axis.
A national park in California contains the tallest known redwood tree, as well as remnants of the coastal redwood ecotype that once dominated coastal California. The park does not receive many visitors; it has been estimated that no more than 5,00..
If the company keeps its levels of L and K the same, what is the change in the number of fish caught If the fish catch is worth $0.80/fish to society, what is the cost or benefit to society of the externality in monetary terms
consider a hypothetical consumer richard who spends all his income on two food items pizzas and burritosa if richard
A member of a successful music band is considering leaving the band to pursue a solo career. If she stays with the band she estimates that there is a 60% chance that the band will continue to be successful and she would earn $1.7 million over the ..
an analyst assesses two alternatives 1 a ring levee with a 20-year life and 2 floodwalls with a 60-year life both
Suppose that market demand is given by Q = 10 - 0.01P in which Q is the quanity of a good given in million units, and P is the price of the good given in $ per unit. In the long-run, a typical producer faces average cost AC = 9 + 2Q and marginal c..
Test the intercept estimate for significance at the 95 percent confidence level. If Proposition 103 has no impact on auto insurance premiums in any given county, what percent of voters do you expect will vote for the proposition
The Tummy Tugger has fixed costs of $10,000 per year and variable costs of $2.50 per visitor. The Head Buzzer has fixed costs of $4000 per year, and variable costs of $4 per visitor. Provide answers to the following questions so the amusement park..
Consider the production of holes. To dig a hole, it takes one person (P) and one shovel (S). The total number of holes dug is given by the production function h=f(P,S)=min(P,S). If you currently have 2 persons and 4 shovels
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