Accounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21‚ 2010 Accounting Fraud at WorldCom The break up of AT&T opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)
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570-572 - Residual Dividends‚ Chapter 14 The amount of new investment which must be financed with equity is: $3‚000‚000 x 85% = $2‚550‚000. Since the firm has $3‚500‚000 of net income‚ $950‚000 = $3‚500‚000 - $2‚550‚000 will be left for dividends. 2. Question : (TCO F) The following data applies to Saunders Corporation’s convertible bonds: Maturity: 10 Stock price: $30.00 Par value: $1‚000.00 Conversion price: $35.00 Annual coupon: 5.00% Straight-debt yield: 8.00% What is the bond’s conversion
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Fitzsimons 1 How were the United States goals in World War I similar or different to the United States goals for fighting in Iraq and Afghanistan? The United States goals in World War I and Iraq and Afghanistan are very different‚ and this is partly because they are in totally different time periods and the technology is very different. World War I took place from 1914-1918 (Strachan 1)‚ whereas the wars in Iraq and Afghanistan started in 2003 and are still going (Deese 1)‚ although many of
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Briefly discuss the following cases using any two (2) instruments reported in class. Follow the steps prescribed by your chosen instruments. The Polluter’s Dilemma Topic: Environmental Protection Characters: JonicaGunson‚ Environmental Compliance Manager JonicaGunson is the environmental compliance manager for a small plastics manufacturing company. She is currently faced with the decision whether or not to spend money on new technology that will reduce the level of a particular toxin in the wastewater
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Tracey Lindsey Week 1-Case Analysis Managerial Decision Making January 8‚ 2012 1. Define the decision problem. The decision problem is not having a location for the user’s conference due to Hurricane Katrina. 2. As part of defining the decision problem‚ the following questions should be addressed: o What is the general nature of the problem? The general nature of the problem is not having a location due to Katrina and having to make last minute adjustments on whether to continue
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Chapter 1 BUSINESS COMBINATIONS Answers to Questions 1 A business combination is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. Three situations establish the control necessary for a business combination‚ namely‚ when one or more corporations become subsidiaries‚ when one company transfers its net assets to another‚ and when each combining company transfers its net assets to a newly
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Introduction Did you know that you probably used an electric motor today? Yes‚ that’s right. If you put on clothes that were washed in a washing machine‚ rode in a car‚ ate food from a fridge‚ warmed up lunch in a microwave‚ or played a video game‚ you used an electric motor! Try this science fair project and you’ll learn how to make a simple electric motor by having two magnets "talk" to each other. As they interact‚ they will alternate between "liking" each other (being pulled together)‚ and "disliking"
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World war 2: Assignment The World War 2 was lasted from 1939 to 1945; it was very brutal and destructive. There were two groups Russia‚ England‚ France‚ United States on the other hand there was Germany Italy‚ Japan. These groups were led by many leaders most of them were very famous because of several federal and democratic reasons. The leaders were joseph Stalin‚ Winston Churchill‚ Eduard Daladier‚ Franklin d‚ Adolf Hitler‚ Benito Mussolini‚ Hirohito‚ respectively as the countries are written
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Anne Osias December 11‚ 2012 Mrs. Mellon Essay World War I There are many important events in history. Through 1914-1918 there were great conflicts that made World War I. There have been many different causes of WWI‚ and tremendous effects‚ as a result of the first modern war. There were many different causes of this war. The first cause was militarism. Militarism is when a country wants to have a better military better than the others. Germany was one of those countries. They
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Case Study 2: Hacking into Harvard Naugie Pratt Unit 2 October 2‚ 2012 Case Study 2: Hacking into Harvard Summary of Events: This case involves students who have applied to MBA programs‚ who stumbled across an opportunity to learn of their results early‚ information that had been obtained via message board. Anyone who has ever applied for admission to a prestigious college‚ or who has been interview for a desired job knows the feeling of playing the “wait game”. However in this case
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