Chapter 2 1. (a) Using Medtronic as an example‚ explain how a mission statement gives a strategic direction. (b) Create a mission statement for your own career. Answer: (a) A mission statement gives strategic direction by stating the “what” and “how” of a business in a clear‚ concise‚ meaningful‚ inspirational‚ statement that will continue to be relevant in the long-term. Medtronic’s mission statement identifies its customers‚ market‚ products and technology. They stated the business
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Construct a sources and uses of cash statement for 2011 and 2012‚ and derive the change in the firm’s cash position. Then rewrite the sources and uses of cash as a statement of cash flows. Briefly interpret the results of your analysis. Question 2. On Eastern Printing Machines Co.’s income statement of 2012‚ the cost of goods sold and
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Payback period =Cost of investment/ Annual net cash flow =$260‚000/ $125‚000 =2.08 years Annual depreciation = $260‚000 -$10‚000 / 5 = $50‚000 Annual after tax income $75‚000 + Depreciation 50‚000 Annual net cash flow $125‚000 2. A machine costs $190‚000‚ has a $10‚000 salvage value‚ is expected to last nine years‚ and will generate an after-tax income of $30‚000 per year after straight-line depreciation. Payback period =Cost of investment/ Annual net cash flow =$190‚000/
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Intermediate Accounting Project Issue 1(FASB ASC 230-10-50) Some transactions are part cash and noncash; only the cash portion shall be reported in the statement of cash flows. Non-cash activities are reported in the footnotes of the cash flow statement or reported parenthetically MEMO: After researching the proper treatment of this transaction in relation to cash flows‚ I found the following information: • The cash flow statement includes only inflows and outflows of cash and cash equivalents;
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Empirical Finance 4.2 – Case 3 Julinda Kllapi‚ 2514073‚ j.kllapi@student.vu.nl Valkana Lesseva‚ 1836994‚ v.h.lesseva@student.vu.nl Introduction The recent financial crisis saw CDS spreads soaring across the Euro area as the full picture behind the public finances of many European countries became apparent. As a result many countries‚ such as Portugal and Ireland lined up for a bailout from the rest of the Eurozone as they found it harder and prohibitively expensive to borrow from the
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Online shoppings is the best worldwide trading.There are several common problems could go wrong with online shopping in which dealing process easy to be cheated‚ payment process is complicated‚delivery process go wrong. Dealing with online shopping is easy to be cheated.for example we do not know what is the condition of the item.besides that dealing on online shopping can revealed people to be cheated if we have pay for the item‚but the item we not received.we must know we dealing from whom.otherwise
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CHAPTER 2 Research Methodology This chapter includes research method‚ setting of the study‚ subject of the study‚ source of data‚ procedure of the study‚ project design‚ hardware and software requirements and statistical treatment. Research Method The researchers used the descriptive method together with the developmental research to come up with desired system. Descriptive research is concerned with the description of data and characteristics about a population. The goal is the acquisition
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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accepted beauty college and pass the state licensing examination prior to starting employment. Due to strict customer service requirements and potential lawsuits resulting from inadequate knowledge regarding the use and care of certain chemicals and solutions‚ this business can clearly justify its hiring criteria | | | as bona fide occupational qualifications | The very first bill signed by President Barack Obama | | | expanded worker ’s rights to sue employers on equal-pay issues
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PROBLEM SET 2 Name: ___________________________________ Problem Set 2 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 4. 1. The following table presents data for wages in the market for internet security professionals. (HINT: in the labor market the roles are reversed. Those who want to hire labor are the demanders. The workers enter the work force providing labor to the market place so they are the suppliers.) Wage Quantity Demanded Quantity supplied $50‚000 20‚000 14‚000 $60
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