Q 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000‚ totaling 35.1% profit growth for the three-year period. Enron was among the leading of “high performing” companies by sustaining a high earnings growth insight. However‚ as Table 1 indicates‚ Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the same
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The Bridge: Synopsis In 1970‚ Antonello is 22 years old and recently married. He has been working on the Westgate Bridge for almost 2 years and loves his job. Like many of his workmates‚ Antonello is proud of the bridge. He believes it is going to be more spectacular than the Sydney Harbour Bridge‚ that it is going to bring the city together and that they‚ the bridge builders‚ will be remembered for years to come. On the 15th October 1970 the Westgate Bridge collapses during construction and thirty-five
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Case Study “Great Eastern Toys” Designer Dolls’ Project – How to evaluate? Within the scope of Finance course‚ we are asked to apply our acquired knowledge in the analysis of the case study “Great Eastern Toys”‚ in order to build a solid decision concerning whether a new project should be taken or not by this firm. As a brief explanation‚ Great Eastern Toys firm is planning to extend its existing product line of plastic dolls by entering the market for designer dolls. Several studies were
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decided to trespass on to California’s highest bridge‚ and take a selfie. In the process of taking a selfie‚ the unidentified woman accidentally fell sixty feet of the Foresthill Bridge‚ landing on a trail below. Paul Goncharuk‚ a friend says “they we’re taking a picture on the bridge‚ and then the big bolts that are holding the beams together‚ she stepped on them kind of weirdly and lost balance and fell backwards”. The Foresthill bridge is the highest bridge in the state of California‚ and measures to
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thereafter many people have come there from the east. Thus their nature has been highly influenced by the eastern culture and heritage. Their hospitality is quite similar in approach to that of the eastern world. Similarly the education system is also mostly in aligned with the east. b. Evolution Logistically‚ the country is located in a complex and strategically placed position forming the bridge between both the worlds. The country straddles the sea‚ land‚ forest and various cultures. Hence throughout
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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The River as Bridge At the beginning of the new millennium urban populations outnumbered that of rural populations for the first time in history. Urban areas have long had connotations of being harmful to our environment and the people living in them are often seen as either careless or oblivious in regards to maintaining their surrounding environment; most notably the rivers that flow through their cities. The Trinity River begins in North Texas and flows all the way to the Gulf of Mexico; it flows
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What factors affect the bending of bridges? Abstract: This experiment was designed and conducted to find out how different factors affect the amount of bending of the beam. The two variables that were tested were the amounts of weight and the position of the weight on the plank. Aim: To find out how weight and different placements of the weight affect the bending of the beam. Hypothesis: It is predicted that the wood will bend more if there is more weight on it. When the weight is positioned
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2/4/2013 Bridge improvements Building a bridge was trial and error. This is not something you can do over night. When building the bridge I have to focus on the structure‚ details and actually putting it together right. The structure of my frame I made with the thicker wood‚ but it should have been placed different. Looking at the data from testing other bridges‚ the bridges who double bonded their wood at the bottom last a lot longer that the one piece of wood. My bridge failed when one
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