Misappropriation Srinivasan Ragothaman LEARNING OBJECTIVES After completing and discussing this case‚ you should be able to Evaluate misappropriation risk factors Evaluate internal controls Design new control Governance in non-profit sector Analyze materiality decisions Apply SAS 99‚ PCAOB AS5‚ and SAB 99 Perform cost benefit analysis Knottyville Country Club: An Instructional Case on Asset Misappropriation There was a stunned silence in the courtroom as the Circuit Judge was about
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Mercury Athletic Footwear Case Assignment Questions: 1. Is Mercury a good target for AGI? Discuss strategic fit of brands‚ products‚ customers‚ and distribution. Identify specific sources of value. Discuss AGI’s strengths/weaknesses compared with other bidders. I think Mercury is a good target for AGI: The brands--the AGI brands and logos are associated with a lifestyle that was prosperous‚ active and fashion-conscious. The Mercury brands are athletic and casual footwear. The products--AGI focused
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A Case of Pharyngitis by David F. Dean‚ Department of Biology‚ Spring Hill College Case Presentation Jason Hornbuckle is not a happy little boy. For the past hours he has complained of pain when he swallows‚ has a headache‚ and has vomited twice. His mother decides to take the seven-year-old to his pediatrician. Upon examining Jason‚ the doctor finds that Jason’s pharynx‚ tonsils‚ and uvula are swollen and erythematous (red) and his tonsils are studded with white areas of exudate. He is
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Corporate Finance Nike‚ INC: Cost of capital 1. What is the WACC and why is it important to estimate a firm’s cost of capital? Do you agree with Joanna Cohen’s WACC calculation? Why or why not? Definition of WACC (Weighted Average Cost of Capital): WACC is basically the average of the cost of finance (debt and equity). Since a company’s assets can be financed by debt or equity‚ WACC can show the averages of the costs involved in the sources of financing. These costs are then weighted
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INTRODUCTION * Wrigley has a one sided capital structure * Their interest rates has been at their lowest in 50 years * However‚ they have the leading market share in a stale low technology business * Blanka Dobrynin‚ the managing partner of Aurora Borealis LLC (a company who used a hedge fund to invest in companies who are in distress‚ merger arbitrage‚ change-of-control transactions‚ and recapitalization) wanted to investigate a potential investment of $3B in Wrigley * Wrigley
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Mary has no idea what Beta means and how it is related to the required rate of return of the stocks. Explain how you would help her understand these concepts. The beta measures the sensitivity of a stock’s price to market movements. Stocks with betas greater than 1‚ show a more intense version of the market behavior. Stocks with betas between 0 and 1 move in the same direction with the market. Since the market is the portfolio of all the stocks‚ the average stock has a beta of 1. Q3. How should
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version of the feedback report almost 2 months after the survey was administered (Swanson & Zuber‚ 1996). • What do you think was done well in the administration of the survey in this case? What do you think should have been done differently? • Was a survey a good choice for a data gathering method in this case? Why or why not? 117 118 ORGANIZATION DEVELOPMENT W ith a formal and psychological contract successfully established‚ a data gathering strategy is developed to further
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Question 1: Is Congoleum a good LBO candidate? In other words‚ does this company have a lot of debt capacity? To judge if a company is a good LBO candidate the following are very important factors: low levels of debt in the target‚ stable cash flows‚ excess cash on-hand‚ assets that can be used as collateral to raise debt and no major capital requirements to keep the business running on an on-going basis. Congoleum is an ideal LBO candidate because: 1. Low level of debt – estimated long term debt
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Finance Case Study Dilemma of Asian Bags Asia Paper Bag has since 1990 operated as a manufacturer of plastic carrier bags supplying them on a contract-manufacturing basis to well-known supermarket chains‚ fast-food outlets‚ pharmacies and department stores. Lately‚ Asia Paper Bag exports customized plastic carrier bags to Marks n Spencer and Boots Pharmacy in the United Kingdom. During the Asian financial crisis‚ Asia Paper Bag had
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Royal Asset Package Valuation DCF Valuation EBITDA - Depreciation EBIT - Taxes on EBIT + Depreciation - Capex - WK FCF Wacc Enterprise Value + Terminal Value + working capital Total EV (31/12/1983) EV/EBITDA 1984 EV/EBITDA 1985 EV/EBITDA avg. Terminal Value Growth Capex = Depreciation Monticello Mill financials Revenues Annual Capacity Utilization rate Tons Price per ton EBITDA margin Box Plants financials Revenues EBTIDA margin Combined Package financials Revenues EBITDA margin Depreciation EBIT
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