Demo Homework Chapter 1 Demonstration Problem 1-2 Effect of Product and Period Costs Klyn Manufacturing Company experienced the following accounting events during its first year of operation. Except for the depreciation adjusting entries‚ all transactions are cash transactions. 1. Acquired $50‚000 cash from the issue of common stock. 2. Paid $6‚800 for the materials that were used to make its products. All products started were completed during the period. 3. Paid salaries of $4‚300
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Chapter 12 Corporate Valuation and Financial Planning ANSWERS TO END-OF-CHAPTER QUESTIONS 12-1 a. The operating plan provides detailed implementation guidance designed to accomplish corporate objectives. It details who is responsible for what particular function‚ and when specific tasks are to be accomplished. The financial plan details the financial aspects of the corporation’s operating plan. b. Spontaneous liabilities are the first source of expansion capital as these accounts increase
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Jason Lee Case #6 Date: 02/16/2011 1. Calculation of Ratios a. Liquidity Ratios i. Current Ratio = 1‚354‚535 / 675‚252 = 2.0059 ii. Quick Ratio = 786‚114 / 675‚252 = 1.164 b. Leverage Ratios i. Debt Ratio = (675‚252 + 564‚390) / 2‚015‚677 = 1.5974 ii. Debt to Net Worth Ratio = (675‚252 + 564‚390) / 776‚036 = 1.5974 iii. Times Interest earned ratio = (165‚234 + 119‚658) / 119‚658 = 2.3808 c. Operating
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Valuation of AirThread Connections Group 7 (Shaojin Ding/ Jin Wang/ Wenqi Gu/ Shijia Wu/ Tongtong Yin/ Canran Xie) Given the background of ACC and AirThread‚ do you think the acquisition is a good idea? Briefly explain your answer. Yes. First‚ American Cable Communication (ACC) and AirThread could help each other compete in the industry that was moving more and more bundled service offerings. Second‚ the acquisition could help both companies expand into the business market. Third‚
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MBB 125 Molecular Physiology of Eukaryotic Systems Lecture 24 Epigenetics and Cancer: Disease of the Genome National Institute of Molecular Biology & Biotechnology University of the Philippines Diliman EPIGENETICS Epigenome and Chromatin Organization E Study of heritable changes in gene activity that are not attributable to alterations in genetic sequence Potential point of crosstalk between the genome and the env’t ex: identical twins http://www.resverlogix.com/blog/wp-content/uploads/2013/02/epigenetics_large-1024x804
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Financial Statements Principles of Accounting/ACC280 Date Instructor Name Abstract Understanding what is happening financially in the company insights provides the financial information system of accounting. One must have knowledge of numbers when working in accounting. The three basic activities in accounting are identifies‚ records‚ and communicates. The four financial statements are income statements‚ retained earnings statement‚ balance sheet‚
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Homework of Corporate Finance The 3rd Week 【Corporations】 What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization. Answer: The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Advantages include: limited liability; ability to raise capital; and unlimited life 【Agency Problem】 Who owns a corporation? Describe the process whereby the owners control
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To: From: Subject: Financial needs Polar For Polar Sports‚ Inc. one potential big change could be the switch from seasonal production to level monthly‚ as is brought up by Mr. Johnson‚ vice president of operations. This will lead to several differences in forecasting compared with when the company still adopts seasonal production. The forecast will through light on the financial needs of the company. First of all‚ production will be distributed evenly throughout the year under level production
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Chapter 7 Solutions 7.3 Raven Assets taken over Plant and machinery Furniture and fittings Inventories Trade receivables Brand Liabilities Identifiable net tangible assets Consideration transferred Goodwill RM 340‚000 40‚000 60‚000 60‚000 100‚000 600‚000 (22‚000) 578‚000 650‚000 72‚000 Debit RM To record the purchase price Gimmick Realisation account (Being the agreed purchase price.) Assets taken over Realisation account Trade payable Accumulated depreciation
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Caledonia Products Integrative Problem Ramona Beaton‚ Vanessa Hall Fin/370 March 1‚ 2012 Farookh Syed Caledonia Products Integrative Problem Why should Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? Ans: When analyzing whether to undertake a project‚ Caledonia needs to focus on free cash flows opposed to the accounting profits because free cash flows is revenue that can be used or reinvested
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