The City of Valley Ridge government has not been determined to be low risk. It has four programs, two Type A and two Type B as follow: Type A:
Housing and Urban Development (HUD), $800,000 was audited last year with no major control or compliance findings

Environmental Protection Agency (EPA), $750,000 was audited three years ago with no major control or compliance findings

Type B:
Department of Education, $350,000
Department of Energy, $1,750,000
The total amount of grant expenditures is $1,800,000.
Which of the following statements are correct?
1. At least $900,000 must be audited as major programs.
2. A risk assessment must be performed on the Dept. of Energy.
3. The Dept. of Education must be selected for audit.
4. The EPA must be selected for audit.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.