School of Accounting & Finance The Hong Kong Polytechnic University AF2111 Accounting for Decision making Semester 1 of 2013/2014 Academic Year Meeting Time: Thursday‚ 19:30 - 21:20 Venue: DE401 (subject group S01) Instructor: Ms Sarah Cheng Mei Ling Office: M754‚ Li Ka Shing Building Tel. No.: (852) 2766-7027 E-mail:
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( SKUAD ) The Firm 1993 film The Firm is a 1993 American legal thriller film directed by Sydney Pollack and starring Tom Cruise‚ Jeanne Tripplehorn‚ Gene Hackman‚ Ed Harris‚ Holly Hunter‚ Hal Holbrook‚ and David Strathairn Release date : june 30‚ 1993 Director : Sydeny Pollack. Story by : John Grisham Screen play : john Grisham‚ Robert towne‚ David Rabe‚ David Ravfiel. Awards: people choice award for favorite drama movie The Firm follows the main character‚ Mitch
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Inc.‚ has $800‚000 in current assets‚ $350‚000 of which are considered permanent current assets. In addition‚ the firm has $600‚000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. Short-term financing currently costs 5 percent. Lear’s earnings before interest and taxes are $200‚000. Determine Lear’s earnings after taxes under this financing plan. The tax rate is 30 percent. - All fixed assets=
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reporting for the business must be kept separate from other economic affairs of its owners. TRUE AACSB Tag: Reflective Thinking Difficulty: Easy L.O.: 1 4. The accounting period in which service revenue is recognized (i.e.‚ revenue for services rendered) is generally the period in which the cash is collected. FALSE AACSB Tag: Reflective Thinking Difficulty: Medium L.O.: 1 5. Total assets are $70‚000‚ total liabilities‚ $40‚000 and contributed capital is $20‚000;
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CLUSTER FINANCING Definition of Cluster in the Indian Context Clusters can be defined as Sectoral and geographical concentration of enterprises‚ in particular Small and Medium Enterprises (SME)‚ faced with common opportunities and threats which can: a. Give rise to external economies (e.g. specialized suppliers of raw materials‚ components and machinery; sector specific skills etc.); b. Favour the emergence of specialized technical‚ administrative and financial services; c. Create a conducive
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After the September 11 attack the Federal Government took several steps to combat terrorist financing‚ resulting with "More than $140 million in terrorist’s assets have been frozen across the some 1‚400 bank accounts worldwide." (Kaplan‚ 2006‚ Council on Foreign Relations) The United States government along with several other countries worked together and passed several laws to combat terrorist financing. After September 11‚ 2001‚ the thought of another attack weighed heavy on the minds of the federal
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Defination Deficit Financing Deficit budget means that Govt. expenditure is more than its income from taxes and fee etc. Resources for deficit budget are met by borrowing‚ which is called Deficit Financing. In Pakistan deficit financing is needed because development programs require huge finance whereas domestic savings and income from taxes are not sufficient enough for this purpose. Increasing savings habits‚ population control‚ elimination of corruption‚ decrease in non-productive expenditure
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in order to manage risk factors are loss control‚ loss financing‚ and internal risk reduction. By using these three methods and knowing how they work a business can take to protect the company‚ the possible risks are easier to be contained and managed. Loss Control Loss Financing Loss financing is one of these techniques and is a “method used to obtain funds to pay for or offset losses that occur” (Risk Management Methods). Loss financing covers four different areas that help to achieve its end
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There are several reasons: (1) the two co-founders failed to finance sufficient funds from venture capitalists or angel investors; (2) the company had not yet employed the right number and profiles of executives for company expansion or financing; (3) at introduction stage‚ the total number of deals is low and the gross margin could not cover the operating expenses‚ including salaries and sales commission‚ contributing to a large sum of deficit; (4) the company did not employ a strong sales
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Ronald Romero American Government Elizabeth McNamara 11/15/12 Campaign Financing: 2008 Election; Barack Obama vs. John McCain Campaign finance refers to all of the money raised and spent to promote a candidate or party for an upcoming political election. This money is a necessity for a candidate to have en edge in any election because the more funds they have the more they can do with it. What they can do with the money raised is another question. There are rules and regulations the candidates
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