What is the distribution of the land
The U.S. represents about 6 percent of the earth's land service, or approximately 2.3 billion acres. Who actually owns this land? What is the distribution of this land among the various uses (e.g., developed land, federal, land, forest land).
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For each of the following control procedures over cash disbursements, provide an example of how the auditor could test the operating effectiveness of that control procedure.
Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $88,000 new.
Evaluate and comment on both (a)the earnings quality and (b)the relative performance of American Express in the most recent quarter relative to the same quarter of the prior fiscal year.
Calculate the net present value of this investment, assuming no mortgage debt. Should you purchase? Why? Calculate the internal rate of return of this investment, assuming no debt. Should you purchase? Why?
The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years is .893, .797, .712, and .636, respectively.
Do you agree or disagree with this statement? Explain. How does accrual accounting provide superior information to cash flows? What are the imperfections of accrual accounting? Is it possible for accrual accounting to depict economic reality? Explain
How is managerial accounting different from financial accounting. Comment on the different needs and use of financial information for internal purposes.
How much of the wealth of a typical U.S. household is tied up in real estate? How does this compare to the role that assets and investments play in the portfolios of U.S. households?
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