Determine the force on the piston of Fig. 5.42a due to shear and the leakage from the pressure chamber for U=0.© BrainMass Inc. brainmass.com October 24, 2018, 5:20 pm ad1c9bdddf
It is easier to first calculate the leakage from the pressure chamber. It can be calculated from the equation for pressure drop in an annulus (assuming flow is laminar). This equation is ...
Solution contains answer, calculations and explanation. 150 words.
Accounting for cost overruns and recoveries
Managers must make decisions with respect to the financial reporting necessary to apply accounting standards. Consider the article "Halliburton: Accounting for Cost Overruns and Recoveries" (Tayan & McNichols, 2007). Next, using outside sources that you may seek and your professional experience, develop and write a 3 page paper concisely answering the following questions:
(A5.1) What is Halliburton management trying to achieve through decisions with respect to financial reporting for long-term projects?
(A5.2) What accounting standards must Halliburton consider when making its decisions?
(A5.3) Did Halliburton management meet its financial reporting objectives?
(A5.4) What knowledge, estimates, or assumptions did Halliburton accountants (and management) use in making decisions? Were their decisions appropriate?