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    an essential part of auditor’s inherent risk assessment process. The risk assessment is to understand the entity, its environment, and internal control to identify and assess the risk of material misstatement whether due to fraud or error at the financial statement and relevant assertion levels (AU-C Section 315, 2015) 2. Identify and briefly describe the specific fraud risk factors present during the 2000 NextCard audit. How should these factors have affected the planning and execution of that…

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    Pharmasim Case Study

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    1. Allstar captured an additional 16.5% of the cold product segment of the market. Accordingly, their market share of manufacturer sales of the OTC Cold product market increased from 23.8% to 39.1%. 2. Allround OTC cold medication maintained the leadership position at period 10. The brand awareness was not evaluated specifically each year and instead was monitored by sales. 3. Since the Allstar portfolio of products dominated the market it is reasonable to assume that Allstar’s share price is…

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    Issue- Did the Ontario Police Department’s search of an issued pager violate the Fourth Amendment? Rule- When a search is conducted for a work-related purpose or for the investigation of work-related misconduct, a government employer’s warrantless search is reasonable if it is justified from the beginning and the measures adopted are reasonably related to the objectives of the search and not excessively intrusive. Analysis- Quon was a police sergeant at the Ontario Police Department. The…

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    Nike Under Armor Ratios

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    In reviewing both Nike and Under Armor recent financial statements for profitability, solvency and liquidity there is no clear front-runner. The ratio analysis shows advantages to both companies. When deciding to invest in Nike one must analysis the earnings per share, return on equity, and price earnings ratio. First, comparison of profitability ratio findings show mixed benefits to both Nike (NKE) and Under Armor (UA). With interest in net profit margin, return on equity and earnings per…

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    Wal-Mart Walmart is appealing to a wide range of the bay area community shoppers. I fulfill my accomplishments when I shop at Walmart. When I shop at Walmart what triggers my mind is low cost and name brand products. Walmart is designed for low income community and always have bargain deals to appeal low income families, such as myself. The atmosphere of Walmart is always crowded it does not matter what day or time you go. I have no problem dealing with the crowd because to me it is worth the…

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    Many times throughout world history, economic downturns called recessions or depressions have devastated both individual lives and countries’ economies. On a microscale, many people lose their jobs, businesses, and in extreme cases, their homes. On a macro level, unemployment rises, and gross domestic product (the way economists measure the success of an economy) sinks to new lows. Recessions and depressions are the cause of the ruination of many. Although these economic crises are seen as…

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    How Reiki Works Reiki isn’t a religion and requires no set belief system for it to work. It doesn’t re- quire meditations, incantations, rituals or ceremonies. You don’t have to play music, burn candles or incense, or do anything special. All you do is intend to channel Reiki. Then place your hands on yourself, another person, a pet, a plant, your food, and the air around you in a room where you feel the energy is stagnant, dense or constricted. Or you direct it to a distant person, place…

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    2) Net Profit Margin The net profit margin is calculated as Net Profit ÷Revenue (*100) and it tells us the proportion of profits retained by the company after the deduction of all operating expenses, cost of goods/services, tax and interest charges. 2015 The NPM of AT&T has shown a fluctuating trend. In 2015, AT&T’s selling, general and admin costs fell by 17% due to workforce reductions and the sale of AT&T’s Connecticut operations.51(AT&T, 2015) However, because of the increasing…

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    Canada's Economic System

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    33% in the fourth quarter of 1963 and a record low of -2.30 percent in the first quarter of 2009. The financial account for countries is essentially the transactions between Canada and the World, including direct investment inflows and outflows, as well as the capital and financial account balance. You may assume that since foreign trade is such a large percentage of Canada’s GDP that their financial…

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    Duty Description

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    Duty Description Serves as the Senior Maintenance Supervisor for Materiel Maintenance Materiel Branch (MMB) supporting one Security Forces (SECFOR) Battalion, one Engineer Battalion, one Base Support Battalion and eight Functional Detachments; appointed as the Contracting Officer Representative (COR) for the MMB section of the K-KOSSS contract valued at $110M; validates all contractor maintenance data utilizing the Global Combat Support System-Army (GCSS-A); manages the execution of all…

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