PAGOD NAKO camp is known for its expertise in wilderness training and adventures. The camp carries P100 million liability insurance, and parents of campers must sign liability waivers. All counselors are certified in wilderness first aid and activity instruction and are required to undergo periodic refresher training. All campers receive training and must meet stringent skill and safety requirements before embarking on a wilderness trip. Which two response options best summarize the camp’s risk response strategy? I. Avoid II. Transfer III. Mitigate IV. Tolerate/Accept

Due to the high crime rate in the city center, the state council in partnership with the police has installed CCTV in several “hotspot” areas. The installation of the CCTV cost USD1000000. The cost of CCTV maintenance in the first year is USD500,000, USD700000 in the second year, USD950000 in the third year, USD990000 in the fourth year and costs are realized at the end of each year. On the other hand, the installation of CCTV will help to reduce crime in that area and is predicted to bring about a benefit of USD2000000 for the first and second year and a benefit of USD 3000000 for the third and fourth year. At the end of the fourth year, the CCTV will be replaced by a new one and it can be resold as second hand for USD200000. Assume the discount rate of 3% is used. Calculate the present value of net benefits assuming the benefits are realized at the end of each of the four years. Also, draw the timeline of benefits and costs. * Do we need included 'CCTV will be replaced by a new one'…

The Government has decided to offer a grant to all small hotels that have a 100 room capacity or less. The Hotel Mingle's audit programme is currently being prepared by the audit senior.While reviewing the notes from the Finance Director the following issue was noted: Major renovation work was carried out on one section of the building and the company purchased major leisure equipment. The Finance Director has proposed that the new leisure equipment be depreciated over ten years using the straight-line method.   Required: Concerning the issue raised, describe substantive procedures to obtain sufficient and appropriate audit evidence.

Sand and Sea Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the malnland by a high bridge. One resort is located on the beach and Is called the Crystal Coast Resort. The other resort is located on the Inland waterway which passes between the town and the malnland; It is called the Harborvlew Resort. Some key Information about the two resorts for the current year Is shown below. Harborview Crystal Coast $ 6,175 250,000 Total Revenue (000s) $ 3,825 $ 10,000 Square feet 80, 000 330,000 Rooms 66 150 216 Assets (000s) $ 110,000 $ 440,000 $ 550,000 The nontraceable operating costs of the resort amount to $4000,000. By careful study, the management accountant at Sand and Sea has determined that, while the costs are not directly traceable, the total of $4 million could be falrly allocated to the four cost drivers as follows. Amount Cost Driver Allocated Revenue $ 185,000 Square feet 115,000 Rooms 580,000 Assets (000s)…

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Which one of the following costs is most likely to be deductible? Group of answer choices Fines paid for dumping toxic waste into a City of Denver park. Bribes to a city health inspector to ensure an “A” rating to a restaurant. The telephone bill for the headquarters of an illegal stolen car parts organization. Advertising costs for a Colorado marijuana dispensary.

Please answer the as quickly as possible. The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $300,000. Upkeep, refreshing the videos, and developing videos for scientific research and entertainment will cost another $75,000 per year. The zoo is expected to be in operation for an indefinite period; however, a study period of only 10 years for the Web site is to be assumed, with only a residual (salvage) value of $55,000 for the archival value being anticipated. Interest is 5%. An estimated 80,000 persons will visit the e-zoo in the first year, increasing by 27,500 each year, and they will receive, on the average, an additional $0.70 of benefit per visit when the…

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1. A tank behind Tom’s service station has leaked a large quantity of heating oil into the soil below. If left uncontained,experts estimate a 10% chance that the oil will contaminate local drinking water and cause $3 million worth of repairs, and an additional 0.5% chance that the oil will reach both the local aquifer and neighboring waterways, causing a total of $10million worth of damage. 2.1. If these are the only risk factors, what is the expected value of damage from Tom’s tank? Show your calculations.  2.2. If Tom is willing to pay up to $355,00 to an insurance company to cover this risk, what is Tom’s risk burden? Show your calculations.

KWPY-1 (Algo) Great Adventures Continuing Case (GL) Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful plece of property for sale. He turned to Suzie and said, "I've always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place." On November 1, 2025, Great Adventures purchased the land by issuing a $880,000, 6%, 10-year installment note to the seller. Payments of $9,770 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,770 includes both interest expense and principal payments (l.e., reduction of the loan amount). Late that night, Tony exclaimed, "We now have land for our new camp; this has to be the best news ever!" Suzie said, "There's something else I need to tell you. I'm expecting!"…