Blog

In the 1880s the U.S. Supreme Court issued several rulings that impacted civil rights. How did these so-called Civil Rights Cases affect the legal protections included in the Thirteenth and Fourteenth Amendments?

Where can you find the assignments? 

Where can you find free virtual tutoring?

Cats should always be scruffed during procedures to reduce the number of bites. 

Where can you find information about grading? 

What is the ONLY way to earn bonus point for MTH100?

How do structural differences in DNA organization between prokaryotes and eukaryotes affect the regulation of gene expression and DNA replication? Include a discussion of chromatin structure and its role in gene accessibility.

This assessment is where you will compose your final compare/contrast essay, which is worth a total of 100 points and will be graded in accordance with the English department rubric. For this essay, you are allowed to use your printed prewriting worksheet with your answers to the prewriting questions. Before beginning the assessment, please show both the front and back of your prewriting worksheet to the webcam.  This is an independent assessment; do not work with others or consult any resources aside from the approved materials. You may not use a pre-written essay or access any web resources during this assessment.  Your finished essay must be 600-900 words and follow the structure/guidance requirements provided in the lesson materials.  Please use MLA formatting for the font, heading, title, and source citations in your essay. You are not required to double space, include a page number, or include a hanging indent. However, please ensure that your essay includes both in-text citations as well as a works cited section at the end of the essay.  Technical Support Need help using Canvas Quizzes? If so, please review the following page: Canvas Resources for Students – Quizzes. Need help using Honorlock? Visit HonorPrep | 7 Minute Guided Tour or [/courses/162373/pages/g607fa421d6ca39cba08f7b72c81dba73]Honorlock Proctoring: Overview for Students

Background Congratulations! You are a new staff auditor assigned to audit Akunamatata University, a small university in a rural state. You are conducting the audit for the fiscal year ending December 31, 20X4, and have been assigned to review football game ticket revenues, which are reported as $1,875,000 in the university’s accounting records. Historically, audit teams have spent extensive time testing individual ticket sales records to verify revenue. However, you decide to use a different approach—a substantive analytical procedure, which relies on estimating expected revenue based on available data rather than testing individual transactions one by one. Available Information: The university hosted seven (7) home football games during the season. The games varied in popularity based on the opponent: One game was against a nationally ranked team, Amazonia State University, which typically draws a larger crowd. One game was against the university’s archrival, University of Amazonia, which also tends to attract more fans. The remaining five games were played against conference opponents, which generally have a more predictable attendance pattern. All games were played during the day, except for one night game—played against a conference opponent—which had different pricing and attendance characteristics. Developing an Estimate for Ticket Revenue: To estimate expected ticket revenue, you decide to use data from a home game against Brewsky University, a typical conference opponent, as a benchmark. The following details are available for that game: Total attendance: 24,000 people (out of a stadium capacity of 40,000). 500 tickets in the upper deck were given away for free to players’ family and friends (assumed to be the same for all games). Seating Breakdown for the Brewsky University Game: Box seats: 70% of attendees End-zone seats: 20% of attendees Upper deck seats: 10% of attendees Ticket Prices: Box seats: $12 per ticket End-zone seats: $8 per ticket Upper deck seats: $5 per ticket Adjustments for Certain Games: Based on prior audits and historical data, certain games had different attendance patterns and pricing: Amazonia State University Game: Attendance was 30% higher among paying attendees than a typical game. Ticket prices were 20% higher due to high demand. University of Amazonia Game: Attendance was 20% higher among paying attendees than a typical game. Of the extra attendees, 75% purchased box seats, while 25% purchased upper deck seats. Night Game: Ticket prices increased by 10%, but attendance was 5% lower among paying attendees than a normal game. Each seating category saw a 5% decline in attendance among paying attendees due to cold weather. Required: Develop an expectation for football game revenues. (15 points) Based on the given data, calculate an expected revenue amount. If the tolerable misstatement for the audit is $50,000, can you conclude that the reported football ticket revenue of $1,875,000 is reasonably stated? Why or why not? Clearly show all calculations and reasoning, as credit will only be awarded for work shown. Which financial statement assertions are being primarily tested with this analytical procedure? (5 points) What are the key inputs to your analytical procedure, and what responsibility does the auditor have regarding these inputs? (5 points) Under what conditions are substantive analytical procedures most effective? (5 points)

Case 2 You are auditing Slick & Slicker Hedge Fund, which has purchased a corporate bond as an investment. The bond is A-rated, has a 15-year term, and a $1,000,000 par value. The fund is required to report this investment at fair value on the balance sheet date. However, since the bond is not actively traded, the fund cannot rely on quoted market prices to determine its fair value. To estimate the bond’s fair value, the fund has obtained the following bond price matrix for actively traded bonds with similar terms and ratings: Term (Years) AAA AA BBB BB B 2 103.8 103.6 102.8 102.4 101.1 5 103.7 102.5 101.4 100.2 99.1 10 101.6 100.3 99.6 98.6 96.8 20 95.7 91.5 90.0 89.4 84.2   For example, if AAA-rated bond has a 2-year term and a $1,000,000 par value, this table indicates that it should be valued at 103.8% of its par value or $1,038,000. Required: Estimate the fair value of the bond (15 points) Use the bond price matrix provided. Clearly show your calculations and assumptions used in the valuation. Determine the fair value hierarchy level for the inputs used in this valuation (5 points) Justify your classification using the fair value hierarchy (Level 1, 2, or 3). Provide a detailed definition of each level and explain why the inputs used fall into a particular category.