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You now need to prepare a memo (GA-5) addressing materiality for Apollo Shoes.  Remember that the audit documentation must follow Generally Accepted Auditing Standards.  In the memo,   1. Briefly describe independent auditors’ concept of materiality. 2. Describe some common relationships and other considerations used by auditors when assessing the dollar amount considered material. In other words, what are […]

A water transfer system is shown in Fig. P1-27. The water transfer rate is 1,500 gpm. The present system consists of an 8-in., schedule 40, 1O.OOO-ft-longcommercial steel pipe. Three options exist to expand the capacity of the system to 2,400 gpm. Option 1 is to install a larger pump and use the single line. Option

A chilled-water storage system is to be evaluated. The system schematic is shown in the sketch below: The tanks are 15 ft high and SO ft in diameter. The chiller is run 14 hours a day to charge the cold-water tank. The space-cooling system consists of a series of air-handling units (AHU) that feed from

To provide process energy at different locations, a manufacturing facility circulates hot Mobiltherm 600®to various units (heat exchangers) where heating is required. The Mobiltherm is heated by a heat exchanger located in the boiler room. The physical layout of the facility is illustrated in the Fig. P1-28. Preliminary requirements for a piping/pump system are required

A water transfer system is shown in Fig. P1-27. The water transfer rate is 1,500 gpm. The present system consists of an 8-in., schedule 40, 1O.OOO-ft-longcommercial steel pipe. Three options exist to expand the capacity of the system to 2,400 gpm. Option 1 is to install a larger pump and use the single line. Option

Avoid pipe velocities in excess of 10 ft/s. Provide valves to isolate each pump (items 1 and 2 may do the job) and the chiller. All pipes are to be schedule 40. The following are needed: Sketch of the actual piping system layout. Schematic of the Hardy-Cross arrangement with all pipes and loops identified. Diameters

Four buildings, shown in Fig. P1-30 as A, B, C, and D are to be cooled using a central chilled water facility, shown as Supply. The figure is considered to be close enough to a scale drawing to be used for preliminary layout purposes. Ethylene glycol, a commonly employed heat transfer liquid medium, is to

Pipe velocities much in excess of 10 ftls should be avoided. Limit the number of sizes (ANSI schedule 40) to 4 (buildings A and B, building C, building D, and the supply/return loop to the chiller and main pump). Provide valves to isolate each pump. (Note that items 1 and 2 may do the job.)

As shown in Fig. P1-32,an underground salt dome is used to store gasoline (octane). Access to the salt dome is provided using an annular pipe arrangement. The outer pipe is schedule 160, 24-in. nominal; the inner pipe is schedule 80, 12-in. nominal. When salt water is pumped into the pipe, the octane is forced upward

Auric Enterprises, Inc., is converting a five-story office building into an engineering office complex.A sketch of the building is given in Fig. P1-31. The company must add a new cooling system to the building. The chiller is to be placed in the mechanical room located on the first floor. Chilled fluid is to be pumped