1. Introduction Increasingly‚ we are seeing many firms from various industries allowing their customers to pay on credit. This action will inevitably have a direct implication on the financial statements of these firms‚ in terms of accounts receivables‚ allowance for bad debt and uncollectible debt expense. This is especially so when customers are unable to repay their debts. In this paper‚ we will examine the 2008 financial statement of four companies in the retail industry‚ namely
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Erik Ottosson & Fredrik Weissenrieder‚ 1996-03-01 CVA Cash Value Added - a new method for measuring financial performance Erik Ottosson Strategic Controller Svenska Cellulosa Aktiebolaget SCA Box 7827 S-103 97 Stockholm Sweden Fredrik Weissenrieder Department of Economics Gothenburg University and Consultant within Value Based Management FWC AB Aschebergsgatan 22 S-411 27 Göteborg Sweden Study No 1996:1 CVA Cash Value Added – A new method for measuring financial performance Erik Ottosson
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participants will be able to: • Identify the main elements of financial management and assess whether the financial management in their station is adequate • Identify the financial policies needed in a radio station • Develop a budget • Do a cash flow projection • Develop and interpret a variance report Activity 1.: Problems with managing finances What are the main problems that your station has with managing money? What do you want to learn about managing money? What is financial
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> 25 and shares are Public (ie there is no quoted market values); you can use Fair Value though Net Income Income OR Equity Method 2013-24‚ 2010-84‚ 2008-82‚ 2007.76. 2013M2-29 Goodwill (Don’t Use Calculation) "Goodwill= Cash Paid -FV of Net Assets (BV + FV adjustments) + NCI (based on FV of Net Assets) " Note: If the Full Price (Controlling + Non Controlling) is given‚ use the Full Price * (Non Controlling %) instead of the NCI (based on FV of Net Assets) - 2013M2-54
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MOD 4 Part 1: Review Questions: 1. What is an opinion leader? Discuss how marketers attempt to use opinion leaders to help sell their products? Provide examples? Opinion leaders refer to the individual whose behavior and ideas serve as the model to others. These are those people who have the active voice in a community. They have the power to influence the attitude and change the behavior of the followers. For example‚ the beauty products are advertised by film actresses because have certain
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Case Chapter 7 Cash and Receivables 1. Petty Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions
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Cash Transfers to end poverty – Over-ambitious economic policy or a welcome change to eliminate corruption in the Public Distribution System? A study of the benefits of the Cash Transfer scheme to India’s poorest and its economic viability Shrinidhi Rao 210063 Word Count – 3501 [including footnotes] Introduction – From January 1st‚ 2013‚ hundreds of thousands of India’s poor across 20 districts will benefit from the logical end of signing on to
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Official Cash Rate The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank of Australia to meet the inflation target specified in the Policy Targets Agreement. The current agreement defines price stability as annual increases in the Consumers Price Index (CPI) of between 2 and 3 per cent on average over the medium term. A media release is issued at 2.30 pm after each Reserve Bank Board meeting‚ with the Board’s decision taking effect the following day. Changes to the official
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annuity in periods 16 thru 20. This is equal to: =1000 x PV of OA + 2000 x PV of OA + 3000 x PV of OA =1000 x 3.79079 + 2000 x (7.60608-3.79079) + 3000 x (8.51356-7.60608) =$14‚143.81 The value of the punch press from Vendor A is equal to $55‚000 in cash at delivery and 10 year end payments of $18‚000 each. To calculate the present value of the purchase‚ you need to calculate the present value of an ordinary annuity of $18‚000 plus the initial payment of $55‚000. This in preset value is equal to:
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After preforming recoverability tests‚ we have concluded that your cruise ship is impaired‚ and an impairment loss of $1.6 million should be recorded on December 31‚ 2010. In the second scenario‚ the asset is recoverable because the expected future cash flows are greater than the carrying value; therefore‚ the cruise ship is not impaired. The rest of this memo will describe how we calculated the impairment on your cruise ship. In order to test for impairment of an asset‚ we must first determine
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