Mcpherson corp. does not make an annual physical count of year-end inventories, butinstead makes weekly test counts on the basis of a statistical plan. during the year, saramullins, cpa, observes such counts as she deems necessary and is able to satisfy herselfas to the reliability of the client’s procedures. in reporting on the results of her examination, mullins: (1) can issue an unqualifi ed opinion without disclosing that she did not observe year-endinventories.(2) should comment in the scope paragraph as to her inability to observe year-end inventories, but can nevertheless issue an unqualifi ed opinion.(3) is required, if the inventories are material, to disclaim an opinion on the fi nancialstatements taken as a whole.(4) should, if the inventories are material, qualify her opinion.

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?