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Ditka engineering company has signed a third party loan guarantee for liberty company . The loan is fro the national bank of illinois for $500,000. Liberty has recnetly filed for bankruptcy , and it is estimated by the companys auditors that creditors can expect to receive no more than 40% of their claims fro mliberty. Ditka's treasurer believes that because of the high uncertainty of final settlement , a liability should be recorded for the entire $500,000. The chief accountant , on the other hand , believes the 40% collection figure is reasonable and proposes that a $300,000 liability be recorded. Ditka's president does not thin a reasonable estimate can be made at this time an dproposes that nothing be accrued for the contingent liability but that a note be added to the financial statements explaining the situation. As a independent outside auditor, what position would you take? Why?
2) ARE current values necessary for valuing investment assets?First federal finance company has a large investment securities portfoilio . In the "old days" first federal was allowed to value these securities at the lower of cost or market. Statement of financial accounting standards number 115 now requires current market valuation on the balance sheet for most securities. As a banker you do not consider current value reporting to be necessary . Indeed , you feel it unfairly harms your reported performance. As a banker , why would current value accounting be threatening to you? How owuld you respond to these concerns if you were a member of the FASB?
Tina, age fifty is an accountant. She earns $50,000 a year. After consulting with you, she concludes that she can live on 70 percent of her current salary if she were to retire today.
Suggest at least three methods for an employer to monitor its employees’ use of company equipments. Provide a justification for your response
Consider what happens to the stakeholders, company image, price per share, market share, company assets, industry position, goodwill, and service capability. Once the failure of an M&A occurs, what happens to assets of both companies?
Treasury securities that mature in six years currently have an interest rate of 8.5%. Find out the real risk free rate of interest?
Suppose you deposit $5,000 in an account that earns 12% compounded yearly. Calculate the account balance at the end of:
Corporations are constantly trying to reduce their profits by increasing or decreasing the size of their operations. They do this by mergers or acquisitions (M&A's), and/or spinoffs, downsizing and outsourcing.
Illustrate out the following terms and describe how they affect one another. More specifically, for what purposes are they employed and how do they relate to one another: efficient portfolio, individual investor, short selling, Sharpe ratio, beta ..
Briefly describe why the Company's operating cycle and cash-to-cash cycle differs from the industry median cycles - Deriving days in inventory, cash to cash cycle and operating cycle using ratios
The Sans Roentgen Outpatient MRI Center has asked you to detemine the price to be charged for each MRI scan for the first year of operations. Below is the relevant budget information:
Compute the expected earnings per share (EPS) for ABC for each of the next five years (2010-2014) without the merger. What would ABC's stockholders earn in each of the next 5 years (2010-2014) on each of their ABC shares swapped for DEF shares a a r..
You're chief executive officer of multinational's subsidiary in developing host country. The subsidiary has been in business for about 8 years, making electric motors for the host country's domestic market, with mediocre financial results.
Computation of YTM as well as current yield and Brown Enterprises' bonds currently sell for $1,025
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