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SFAC No. 6 defines circumstances as follows:
Circumstances are a condition or set of conditions that develop from an event or series of events, which may occur almost imperceptibly and may converge in random or unexpected ways to create situations that might otherwise not have occurred and might not have been anticipated. To see the circumstance may be fairly easy, but to discern specifically when the event or events that caused it occurred may be difficult or impossible. For example, a debtor’s going bankrupt or a thief’s stealing gasoline may be an event, but a creditor’s facing the situation that its debtor is bankrupt or a warehouse’s facing the fact that its tank is empty may be a circumstance.
How does this definition of circumstances relate to the definition of relevant circumstances presented in the chapter?
The Economist reports that the interest rate per year is 5.93 percent in the United States and 70.00 percent in the Turkey,in the October 23, 1999 issue.
Estimate whether integration in following types of companies would constitute a horizontal, vertical, or conglomerate merger.
Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly. Is it best for society, i.e., does society receive more welfare, to have natural monopolies provided by a private firm or by the government
Suppose the effect of monetary policy on the exchange rate value of the dollar. Estimate the effect of expansionary monetary policy on each of the following.
How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman [hint: he can charge other fishermen a fee to be able to fish in "his" sea] Have property ri..
Explain and assess how international law has addressed matters of trade, human rights, and the environment. How have these efforts contributed to developing or retarding the construction of global civil society?
Explain why China is experiencing a golf boom. Support your answer with details from the text. Compare and contrast the advantages and disadvantages of low-cost health insurance. Carefully explain the rational for people to invest in low-cost heal..
Is the U.S. truly an economy that promotes competition and do you think about the markets where major oligopolies exist, for instance soft drinks or fast foods and automobile producing,
Generally one can borrow up to 95% of the value of US government bonds with the borrowing cost normally about .25% or 25 basis points above the yield on the bonds. Assume that the yield on the bonds is 8% and that they borrow for the full 10 years..
Write a very brief introduction indicating why you chose this particular firm. Give a brief summary of the firm's history and type of business and industry it is in. Examine the firm's operations and forecast for the next 3 to 5
The PPF curve shows the economic choices a country can make about production given scarce resources, a given technology, and a given quantity of inputs. Assume you are a developing country, producing food and clothing at maximum capacity.
Corporation A, a low rated company, desires a fixed-rate, long term loan. A currently has access to floating interest rate amount at a margin of 1.5 percent over LIBOR.
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