Showing posts with label Questions_and_Answers. Show all posts
Showing posts with label Questions_and_Answers. Show all posts

Why don't birds get electrocuted when they land on an electric wire?

Why don't birds get electrocuted when they land on an electric wire?

Because both of the bird’s feet are on the wire no electricity flows through it. There is no circuit, its two feet are at the same electric potential, and electricity travels along the wire instead of through the bird, so the bird doesn’t get shocked.   https://www.studyhelpus.com/why-dont-birds-get-electrocuted-when-they-land-on-an-electric-wire/

Auditing Principles and Procedures

Auditing Principles and Procedures

Q1 When an auditor sets control risk low, sufficient evidence can be obtained for most payroll accounts through an understanding of internal controls, substantive analytical procedures, and tests of details of transactions. However, there are several accounts in the payroll cycle that may require more attention. Required: Name these accounts and explain why additional testing is necessary. (2 Marks).   Q2. For each of the following tests, identify the assertion to which the test applies. (3 Marks; 0.5 each) 1) Trace a sample of payroll checks to the master employee list to verify occurrence. 2) Recalculate the mathematical accuracy of a sample of payroll checks. 3) Test a sample of bank reconciliations for the payroll bank account. 4) Estimate sales commissions by applying commission formulas to recorded sales totals. 5) Compare amounts accrued to supporting documentation, such as payroll tax returns. 6) Compare payroll costs as a percentage of sales to industry data.       Q3. You are auditing AMRT company, and the end of the accounting period is December 31st. On December 23rd, the employee responsible for processing reports and recording the receipt of inventory became very ill and was out of the office for a week. Due to the company's small staff and the holiday season, a number of the receiving reports were not processed on a timely basis. As an auditor, which assertions would you place of high importance for this entity, and how would you test for them? (3 Marks). Q4. Describe the inherent risk factors that can affect the audit of property, plant, and equipment. (2 Marks). Q5. Gerrard Smith, senior-in-charge, is auditing Mndooz, Inc.'s long-term debt for the year ended December 31. Long-term debt is composed of two bond issues, which are due in 10 and 15 years, respectively. The debt is held by two insurance companies. Gerrard has examined the bond agreements for each issue. The agreements provide that if Mndooz fails to comply with the covenants of the contract, the debt becomes payable immediately. Gerrard identified the following covenants when reviewing the bond agreements: "The debtor company shall endeavor to maintain a working capital ratio of 2 to 1 at all times, and in any fiscal year following a failure to maintain the said ratio, the company shall restrict compensation of officers to a total of $650,000. Officers include the chairperson of the board and the president." "The debtor company shall keep all property that is security for these debt agreements insured against loss by fire to the extent of 100 percent of its actual value. Policies of insurance comprising this protection shall be filed with the trustee." "The company is required to restrict 40 percent of retained earnings from availability for paying dividends." "A sinking fund shall be established with the First Bank, and semiannual payments of $500,000 shall be deposited in the fund. The bank may, at its discretion, purchase bonds from either issue." Required: (5 Marks) a. Provide any audit steps that Gerrard should conduct to determine whether the company complies with the bond indentures or not. b. List any reporting requirements that the company’s financial statements or footnotes should include.

Requirements: like in the document

https://www.studyhelpus.com/auditing-principles-and-procedures-2/

Research Problem

Research Problem

If your chair approved the previous sections of your Prospectus Form, then you will write the Problem section.

Introduction

This week you will write the Problem section of the Prospectus Form. You should revise this section regularly as needed after you will have reviewed more articles in depth. Keep in mind that your chair may recommend you seek out additional library support, if he or she believes you may benefit from this. Remember, it is the chair’s job to consider what resources would best serve you, the student.

Discussion: Conceptualizing a Social Problem into a Research Problem

social problem involves an issue that affects a specific population/discipline. It is the issue that students see “on the ground” so to speak. The social problem is often what prompts students to think about a topic of interest drives their dissertation topic. Usually such a topic is one that students identify with, sometimes having personally experienced some aspect of the problem as it exists in the world. All too often, students want to solve a specific social, organizational, clinical, or practical problem rather than explore a research problem.

https://www.studyhelpus.com/research-problem/

Transitioning from Coursework to Dissertation

Week 1: Transitioning from Coursework to Dissertation

Introduction

Welcome to Writing a Quality Prospectus!

Your first task in this course is to review the guides, rubrics, templates and resources that will inform your completion of a draft Prospectus Form throughout the quarter. Take the time to familiarize yourself with them now so they can serve as your roadmap.

 

Transitioning from Coursework to Doctoral Writing

Discussion 2

Writing as part of the coursework you have completed to date has been a demanding exercise and you have hopefully been practicing your use of objective language and professional tone while adhering to APA format. You may have received very positive feedback about your writing so far or you may have received feedback that suggested there is room for improvement in your academic writing. Now that you are working on parts of the dissertation, your academic writing will be very much a focal point. Strong scholarly writing is essential at this phase for you to articulate the empirical argument you need to make to complete doctoral research. Your chair therefore, will be looking more closely at your academic writing than prior instructors likely have.

To Prepare:
  • Review the “Transitioning from Coursework to Doctoral Writing” webinar.
  • Consider challenges to capstone writing that may arise for you.

By Day 4

  • Having viewed the webinar, describe the challenges in transitioning to dissertation writing that concern you most. Think of a time when you received negative feedback on your writing, or suggestions for revisions you objected to.
  • How did you respond to constructive feedback and how might you respond if you receive such feedback now?
  • What will you do to address the challenges you anticipate in transition to dissertation writing?
https://www.studyhelpus.com/transitioning-from-coursework-to-dissertation/

Supporting Literature

Supporting Literature

If your chair approved the previous section of your prospectus, you will write the Supporting Literature section of your Prospectus Form.

Introduction

Probably the most important step in the research process is searching recent, peer-reviewed literature and reading articles related to the general area you want to investigate. The area is based on an identified social problem. As you read and learn, you will narrow your focus. This is how you will identify a discipline-specific research problem.

Discussion: Taking Advantage of Resources

Walden has numerous resources available to doctoral students to assist and support them during the dissertation phase of their program.  For this Discussion, visit/review some of the offices and resources available to you (e.g., Academic Skills CenterOffice of Research and Doctoral ServicesAcademic Writing CenterIRB Office, etc.) and discuss which of those resources you might use at different stages in the dissertation process.

To Prepare:
https://www.studyhelpus.com/supporting-literature/