You just obtained an internship position in the Marion Tax accounting firm in the small town of Cedarville. This particular company only hires two to three interns during their busy season‚ which is during tax season and also in the fall as well. The majority of this company’s clients are local businesses and personal tax returns. During your interview you are informed of the job duties‚ responsibilities‚ procedures‚ policies‚ and the approximate number of hours you will be working each week. These
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Right to Information Act‚ 2005 In order to promote transparency and accountability in administration‚ the Indian Parliament enacted the Freedom to Information Act‚ 2002‚ which was repealed later with the Right to Information Act‚ which came into force on 12 October 2005. The new law empowers Indian citizens to seek information from a Public Authority‚ thus making a Government and its functionaries more accountable and responsible. What is the necessity of this Act? A citizen who is paying taxes
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do involve a detective in a moderate size city. Detective Malloy and his partner Detective Reed just completed a drug bust involving a large amount of stolen cash. Earlier in the day Detective Reed was discussing how is daughter had stage 2 cancer and that he was struggling financially to pay the hospital bills. This private hospital will only keep her as a patient if the bills are paid‚ otherwise she will be sent to a public hospital with a lower chance of success. As both Detective Malloy and Detective
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The Anthrax Letters A Medical Detective Story written by an expert on bioterrorism and terror medicine‚ Leonard A. Cole‚ does a spectacular job of informing the reader of what the Anthrax Letters actually were‚ how hard doctors worked to treat anthrax and how these letters affected people’s lives. He is a professor and a director of Programs relating to his expertise (Leonard A. Cole Bio‚ par 1-2). Leonard A. Cole has a Bachelor of Arts‚ Master’s degree and Ph.D. degree in political science. He was
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opening paragraph to the 2005 APUSH DBQ needs to be completed for next time. The PowerPoint review of how to write and the DBQ are found in the APUSH Student Handout Folder 5. Lecture: First Presidents: Washington‚ Adams‚ and Jefferson 6. Video Analysis: Crash Course US History: Where U.S. Politics came from episode #9 http://goo.gl/QNR8Kb Homework: Due 10/22 or 10/23 1. the presidential organizer 1788-1820 Due 10/24 or 10/27 1. The first paragraph of the 2005 APUSH DBQ Due 11/13
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Fundamentals of Financial Management‚ 13e Chapter 6: Financial Statement Analysis Formulas Financial Statement Analysis 6.1 Van Horne and Wachowicz‚ Fundamentals of Financial Management‚ 13th edition. © Pearson Education Limited 2009. Created by Gregory Kuhlemeyer. Liquidity Ratios Balance Sheet Ratios Liquidity Ratios Current Current Assets Current Liabilities Shows a firm’s ability to cover its current liabilities with its current assets. 6.2 Van Horne and Wachowicz‚ Fundamentals
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Jessica Reupke Case 28 10/9/11 1. Did subprime mortgage loans contribute to the housing bubble? Why did the bubble burst? What were the consequences of the housing bust to borrowers‚ loan originators‚ and MBS and CDO holders? Subprime mortgage loans contributed to the housing bubble as they enabled the expansion of homeownership by offering loans to a wider variety of borrowers‚ particularly those with a low credit score‚ small down payment‚ or high debt-to-income ratio. This expansion increased
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3. Explain what the leverage effect consists of‚ relating it to the credit risk market development previous the crisis (see Exhibit 1 in “The financial crisis of 2007-2009: the road to systemic risk”) Leverage is the process of obtaining money with loans or financial instruments. This debt may be used to acquire assets or develop a project‚ financing its CAPEX and being payed later with the respective cashflows. And that is the point where risk enters: if the expected cashflows happen to be below
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(1) Calculate the firm’s financial ratios for 2007: Vanguard Group 2007 financial ratios 1. Current ratio = current assets/current liabilities = 718‚750/431‚250 = 1.67 2. Quick ratio= (current assets-inventory)/current liabilities = (718‚750-303‚750)/431‚250 = 0.96 3. Inventory turnover= cost of sales/average stock = 1‚362‚480/303‚750 =4.49 4. Average collection period= (average debtors/annual credit sales)×365 = (296‚250/1‚680‚000) ×365 = 64 days 5. Total asset turnover= annual sales/total assets
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fiscal year of 2007 NutraCea allegedly overstated its sales revenue in its financial statements by reporting deceptive sales and applying inappropriate revenue recognition practices and concealing its factual operating results. The SEC charged
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