Reference no: EM131125020
CP 12-2 Ethics and professional conduct in business
Solar Industries develops and produces high-efficiency solar panels. The company has an outstanding $10,000,000, 30-year, 10% bond issue dated July 1, 2011. The bond issue is due June 30, 2040. Some bond indentures require the corporation issuing the bonds to transfer cash to a special cash fund, called a sinking fund, over the life of the bond. Such funds help assure investors that there will be adequate cash to pay the bonds at their maturity date.
The bond indenture requires a bond sinking fund, which has a balance of $1,200,000 as of July 1, 2016. The company is currently experiencing a shortage of funds due to a recent acquisition. Bob Lachgar, the company's treasurer, is considering using the funds from the bond sinking fund to cover payroll and other bills that are coming due at the end of the month. Bob's brother-in-law, a trustee of Solar's sinking fund, has indicated a willingness to allow Bob to use the funds from the sinking fund to temporarily meet the company's cash needs.
Discuss whether Bob's proposal is appropriate.
|
Create a table of entities and activities
: Summer2016 SysDoc1 and SysDoc2 Assignment Buying a Home. The Buyer selects a new home using the Zillow Program, Seller Master file, and Property Tax Master file, Create one file in Excel with two worksheets- Name the first worksheet "Table" and creat..
|
|
Depreciation on fishing boat
: Steve has just returned from salmon fishing. He was lucky on this trip and brought home 2 salmon. Steveâ€TMs wife, Wendy, disapproves of fishing, and to discourage Steve from further fishing trips, she has presented him with the following cost dat..
|
|
How many tally''s for each genotype did you get
: How many tally's for each genotype did you get?
|
|
Identify the shortest atom to atom contact distance
: shortest atom to atom contact distance in the lattice in a metal crystallizes in face-centered cubic lattice with a lattice parameter of 4.20 Å
|
|
Ethics and professional conduct in business
: Solar Industries develops and produces high-efficiency solar panels. The company has an outstanding $10,000,000, 30-year, 10% bond issue dated July 1, 2011. The bond issue is due June 30, 2040.
|
|
Why is this design the best fit for this office situation
: Assume you are a supervisor. How would you work within each of these situations with your employees to increase employee motivation? How would your decisions be affected by each person-situation dyad?
|
|
The tax consequences to falcon of the net income
: Falcon Basketball League, an exempt organization, is a youth basketball league for children ages 12 through 14. The league has been in existence for 30 years.
|
|
Calculate the molal freezing point constant for the solvent
: 2.0 moles of a nonelectrolyte solute are added to 1.0 kg of an unknown solvent. The freezing point is depressed by 7.9 K. Calculate the molal freezing point constant (Kf?) for this solvent.
|
|
What is nitrogen balance
: What is nitrogen balance- would a low protein diet increase or decrease the protein needs
|