Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem-
During 2012 the Australian company Woolworths Ltd (WOW) sold its subsidiary business called Dick Smith Electronics. Within 8 months of the FOR SALE sign going up Anchorage bought the Dick Smith Business for $20 million. This is the same amount Woolworths Ltd bought the Dick Smith Business for 30 years ago. (Woolworths Ltd bought the business from Dick Smith the man.) Refer to the 2012 preliminary financial report of Woolworths Ltd (WOW) on their Web site https://www.woolworthslimited.com.au/. (Actual report address is https://www.woolworthslimited.com.au/icms_docs/135571_FY12_Preliminary_Final_Report.pdf)
Answer the question-
Dick Smith Electronics had significant ongoing lease obligations. Define a lease. Why would these lease obligations be relevant to the assessment of the sale of Dick Smith Electronics for Woolworths Pty Ltd? Dick Smith Electronics had not been losing money and its debt obligations equaled its asset value, so why would Woolworths Ltd been keen to sell Dick Smith Electronics.
Additional information-
This problem belongs to Accounting and it is about Woolworths Ltd accounting. Woolworths Ltd has a subsidiary named Dick Smith Electronics. Dick Smith Electronics has high ongoing lease obligations because of which it had lost more money. Here, a lease agreement has been defined.
Word limit- 200.
Value Chain Analysis
many assets are presented at historical cost. why does this accounting principle cause difficulities in financial
consider a multiple-choice examination with 50 questions. each question has four possible answers. assume that a
The Marx Company issued $100,000 of 12% bonds on April 1, 2010 at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1, 2010, and mature on January 1, 2015. The total interest expense related to th..
I need to determine the best form of business entity for a business having the following characteristics and explain why choose that form of business:
asked on february 21 2013 want an answer?the operations vice president of first bank of eagle kristin wu has been
review the information relating to eps found in the walt disney companys 2009 income statement and notes to the
rogers company has total fixed costs of 112000. its product sells for 35 per unit and variable costs amount to 25 per
what are the financial techniques used to evaluate capital projects in an organization? with respect to the
Briefly describe independent auditors' concept of materiality. Describe some common relationships and other considerations used by auditors when assessing the dollar amount considered material. In other words, what are some common measures of mate..
a company reports the following account balances at year-endaccountbalancelong-term debt200000cash50000net
meca concrete purchased a mixer on january 1 for a cost of 45000. straight-line depreciation was used for years one and
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd