COMPREHENSIVE EXAMINATION A PART 1 (Chapters 1-6) Problem A-I — Multiple Choice. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. 1. How does failure to record accrued revenue distort the financial reports? a. It understates revenue‚ net income‚ and current assets. b. It understates net income‚ stockholders’ equity‚ and current liabilities. c. It overstates revenue‚ stockholders’ equity‚ and current liabilities.
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MANCHESTER FUNDAMENTALS OF FINANCIAL REPORTING 25 January 2011 09:45 – 11:45 Attempt ALL questions in SECTION A (WITHHELD) (Enter your answers for this section on the multiple choice sheet provided) And attempt the COMPULSORY question in SECTION B And attempt the COMPULSORY question in SECTION C Electronic calculators may be used‚ provided they cannot store text PTO Page 1 of 5 BMAN10621(B) Section A (25 marks in total) Attempt ALL questions Questions 1 – 5 are worth 1 mark each
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1. There are two identical firms EQT Corp and DBT Corp except for their capital structure. For example none of the firms pay taxes‚ and EBIT is $22‚000 per year for both firms. There is no growth for any of the firms. EQT is an all equity firm with 1‚000 shares outstanding and expected return of 22%. Since there is no growth‚ EQT will pay out all earnings to shareholders as dividends. In contrast‚ DBT has $40‚000 worth of debt outstanding with interest rate of 5%. There are 500 shares of equity
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CONTENTS Introduction What Is Management Functions of management Managerial Roles Interpersonal Roles Informational Roles Decisional Roles Levels of Manager Managerial Skills Summary INTRODUCTION Organisations have a variety of goals. They usually direct energies and resources to achieve these goals. Management is needed whenever people work together in an organisation. The managerial function must be performed by anyone who manages organised efforts‚ whether it is a business
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CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Introduction Nowadays‚ modern companies in our country used proximity cards/access badges to maintain that only authorized employees enters the specific offices or floors of the building/company office. This helps in ensuring the security of every room and offices of the company. But a gaping hole in this system is the ‘what ifs’ questions it needed answers for; what if the employee just went to work and do nothing?‚ what if I just let somebody
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14 e. None of the above Solution: The answer is C. N=1‚144; I/Y=2.85; P/Y=52; C/Y=4; PMT=-525; CPT FV 5. Suppose you deposit $ 50‚800 today and your account will accumulate to $ 74‚000 in 7 years. What is the nominal annual rate of interest‚ given monthly compounding? a. 5.09% b. 5.19% c. 5.29% d. 5.39% e. None of the above Solution: The answer is D. PV=-50‚800; FV=74‚000; N=7; P/Y=1; C/Y=12; CPT I/Y6. Sara decides to set up a retirement fund by depositing $ 18 at the end of each day for
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Chapter 3 1) What levels of meaning can be found in Genesis 1.1-2.4a? This section of the bible explains about Genesis is the book of ‘beginnings’ because the the lines of the opening words are literally translated to “In the beginning of God’s creating.” The first chapter of Genesis therefore rightly contains an account of the creation of the world in ‘six’ stages or days and on the seventh day he rested‚ which is called “Sabbath”. 2) What are the similarities and differences between the biblical
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The Pearl Chapters 1-5 Chapter 1 1. In what ways does Steinbeck show the depth of feeling between Kino and Juana? Steinbeck shows the depth of feeling between Kino and Juana by saying that they can communicate with each other without even speaking to each other. They can tell what the other one is feeling just by simple signs such as sighing and facial expressions. 2. Why do you think that no new songs were being added to the old songs of Kino’s people? I think that no new songs were being added
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Week 5 – Financing Strategy Problem Problem 1 – Chapter 20 Firm A has $10‚000 in assets entirely financed with equity. Firm B also has $10‚000 in assets‚ but these assets are financed by $5‚000 in debt (with a 10 percent rate of interest) and $5‚000 in equity. Both firms sell 10‚000 units of output at $2.50 per unit. The variable costs of production are $1‚ and fixed production costs are $12‚000. (To ease the calculation‚ assume no income tax.) A. What if the operating income (EBIT)
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Sharonda A. Turner MGT 311 “Fundamentals of Management” Instructor: David Hill June 9‚ 2013 Writing assignment How does being decisive help‚ or hurt‚ conflict resolution? Should every decision be solely made by the manager? How should a manager handle criticism of his/her decisions by followers? There is nothing more annoying than a manager who can’t make a decision. If you don’t like making decisions or you feel you aren’t any good at it‚ you will disappoint a lot of people. On the other
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