MBA Programme 2007 Period 1 – Jan/Feb PRICES AND MARKETS Core Course PUSHAN DUTT Date: 5th March‚ 2007 Time: 9am – 12noon Duration of the exam: 3 hours Closed-book exam (two A4 sheets allowed). You may NOT use a computer or a PDA Your answers must be in English Write all answers in a separate booklet‚ not on this question paper. At the end of the exam you can find blank pages as “scratch paper” for calculations. This exam is worth 200 points (you get an endowment of 5 points for showing up)
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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The documentary Exit Through the Gift Shop certainly shows a perspective of street art. The documentary tells the story of a French native filmmaker Thierry Guetta. Guetta developed interest in filming specifically street artist. Throughout the documentary‚ it showed how street art is not just a form of vandalism or jargon. However‚ it showed the passion of the street artists behind their work. Furthermore‚ I believe the theme of the movie is that nowadays‚ street artists have disregarded the significance
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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interest which accrued in the prior month on its note payable. At July 31‚ accrued interest payable on this note amounts to $1‚583. 4. The theater allows local nursing homes to bring seniors to the movies on any weekday afternoon for a fixed price of $400 per month. On June 30‚ the nursing home made a $1‚200 advance
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B6013 Spring 2010 B6013 - Financial Accounting Financial Assets and Liabilities Shareholder’s Equity Professor Urooj Khan o esso U ooj a Outline – Session 19 1. Financial Assets and Liabilities – Accounting for Financial Assets 2. Shareholder’s Equity – – – – Capital Stock Cisco Case Dividends and Share Repurchases Comprehensive I C h i Income B6013 Spring 2010 © Columbia Business School 2 Prof. Urooj Khan 1 B6013 Spring 2010 Background Readings and Practice Problems
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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shows the price of aluminium over the past six years. It can be seen from Figure 1 that the price of aluminium has fluctuated a great deal during this period. For example: between July 2008 and February 2009 the price fell by 57%; in August 2009 alone the price rose by 16%. In an essay of 1500 words or fewer‚ use economic analysis to explain changes in the price of aluminium over the period shown in Figure 1 and why the price fluctuations have been so great. Figure 1: The monthly LME spot price for aluminium
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semiannual coupon but 20 years remaining to maturity. What is the current value under these conditions? (Again‚ assume a 7 percent semiannual required rate of return‚ although the actual rate would probably be greater than 7 percent because of increased price risk). PV= CFn/ (1 + i/2) ^n*2 PV= 35/ (1+.7/2) ^20*2 PV= 35/ (1.035)^40 PV= $746.26 PV = $1‚000 + $746.26 PV of the par value = $1746.26 Thank you for your questions. (A) 2(1.05)/(1.15-1.05) = $21 (B) 2(1.05)/(1
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most important role of government in the US today would have to be stabilization and growth. Most importantly‚ the federal government guides the overall pace of economic activity‚ attempting to maintain steady growth‚ high levels of employment‚ and price stability. Also‚ The Legislative Branch‚ without a doubt‚ holds all the cards in this discussion. They write our laws‚ levy our taxes‚ declare our wars‚ confirm our Supreme Court Justices and Cabinet Officials‚ decide how the federal money is spent
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