Star River Electronics Ltd. Team 14 Constantine Brocoum Courtney Delia Stephanie Doherty David Dubois Radu Oprea December 19th‚ 2009 Contents Objectives 1 Management Summary 1 Financial Health 1 Financial Forecast for 2002 and 2003 3 Key Driver Assumptions 5 Star River WACC 5 Free Cash Flows of the Packaging Machine Investment 7 Appendices 7 i. Objectives This report seeks to answer the following five questions about Star River Electronics Ltd.: 1. Assess the current
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DQ 6.1‚ 6.2‚ 6.12‚ 6.13‚ 7.1 P6.9‚ P6.11‚ p7.7‚ P7.9 * 6.1 balance sheet income statement statement of cash flow * 6.2 to disclose the information about the company that may effect future decisions‚ but is not necessarily included in financial statements 6.12 asset must be from a past transaction must have future economic benefit control by the entity 6.13 must have a present obligation obligation involves economic cost in the future * * 7.1 no measurement of environmental
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assets. Your memo contained excellent conclusions‚ including inconsistencies in the useful life of real property‚ computer equipment‚ and production equipment. You noted inconsistencies in depreciation method for various asset categories based on Apollo Shoes accounting guidelines. Regarding R&D cost related to certain patents that had been capitalized‚ I agree with your conclusion that the patents should be expensed. You also had valid conclusions in your prepaid assets and other assets workpapers
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Apollo Shoes‚ Inc. Potential for Fraud Memo September 24‚ 2014 There are a few “red flags” that have come to my attention while reviewing the minutes provided to me from Apollo Shoes‚ Inc. For starters‚ in our first meeting we requested to meet with the predecessor‚ and was told by Mr. Unum who is the Vice President of finance‚ they would rather we not speak to them. When a company refuses to have the current auditor speak with the previous auditor this always throws up a red flag. Another red
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supportive evidence is needed to determine whether apparent misstatements are actually material. e. Describe a situation in which confirmation will be considered highly reliable and another in which it will not be reliable. Confirmation of bank balances is considered highly reliable whereas confirmation of a department store charge account is often not considered reliable. Banks are accustomed to confirmations from auditors and
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Final Exam 1. During a recession‚ unemployment ________ while inflation A. falls; falls. B. rises; falls. C. rises; rises. D. falls; rises. 2. Student A says that customer satisfaction is a mark of a world-class business. Student B says that proactive ethics is a mark of a world-class business. Which student is correct? A. Both B. Student A only C. Neither D. Student B only 3. Which of the following represents the basic accounting equation? A. Owners ’ Equity − Liabilities = Assets B. Liabilities
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Page No. 1. Cover Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening
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Apollo (Attic‚ Ionic‚ and Homeric Greek: Ἀπόλλων‚ Apollōn (gen.: Ἀπόλλωνος); Doric: Ἀπέλλων‚ Apellōn; Arcadocypriot: Ἀπείλων‚ Apeilōn; Aeolic: Ἄπλουν‚ Aploun; Latin: Apollō) is one of the most important and complex of the Olympian deities in classical Greek and Roman religion and Greek and Roman mythology. The ideal of the kouros (a beardless‚ athletic youth)‚ Apollo has been variously recognized as a god of light and the sun‚ truth and prophecy‚ healing‚ plague‚ music‚ poetry‚ and more. Apollo is
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often be defined by the type and value of the shoes they wear‚ but the same could be said for the opposite. People define shoes. Certain qualities and attributes of shoes are similar to those of the people one surrounds himself with. In every walk of life one will come across these shoes (and people) through experiences and adventures. However‚ similar to people‚ not every pair of shoes are suitable for every occasion. From difficult people to fitting shoes‚ some may harm while others benefit. Different
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340 Wages 72‚500 Insurance 4‚500 Taxes 32‚500 Depreciation 28‚500 Other 45‚000 Total Expenses 275‚340 ------------------------------------------------- Net Income $246‚660 Grennell Farm Balance Sheet (Sales/Delivery Method) ------------------------------------------------- Year Ending December 31‚ 2009 Assets Liabilities Current Assets Total Liabilities 33‚000 Cash 30‚900 Paid-In Capital 450‚000 Inventory 92‚100
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