1. The BCF taken from Exhibit 9 for new markets. 2. Corporate expenses assumed at 5% of incremental BCF. It is expected that corporate expenses will not increase significantly with the new acquisition since Radio One already has centralized functions which can handle the new acquisitions. 3. Working capital taken as 25% of net revenues. The working capital percentage has been declining and was 22% in 1999. 25% is average of 1998 and 1999. 4. Capital expenditure is given as $100 per station 5
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In this brief case‚ a long-time and trusted employee of the Los Angeles Dodgers engaged in a large scale payroll fraud to embezzle funds from the organization. Over a period of several years‚ this fraudulent scheme cost the owners of the Dodgers several hundred thousand dollars. Contributing to the success of the fraud was the laxity of the Dodgers’ internal controls. Eventually‚ the fraud was exposed when the individual who masterminded the scheme was hospitalized on an emergency basis and
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According to the double entry accounting system‚ a business transaction affects at least two accounts and the debit and credit amounts recorded for the affected accounts must be balanced. These transactions will be recorded in the appropriate books of accounts. Business entities develop a chart of accounts‚ a list of account titles with their corresponding account codes that the business will use in recording and posting in the books of accounts and in reporting in the financial statements. Double
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income statement for the company for the following 5 years: 2005 2006 2007 2008 2009 Sales Revenue 1‚000‚000 1‚000‚000 1‚000‚000 1‚000‚000 1‚000‚000 Cost of Goods Sold (500‚000) (500‚000) (500‚000) (500‚000) (500‚000) Other expenses (250‚000) (200‚000) (150‚000) (100‚000) (75‚000) Income before depreciation and taxes 250‚000 300‚000 350‚000 400‚000 425‚000 In order to make a decision‚ the company asks you to inform about the following: 1. How would
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CONFIDENTIAL BM/APR 2003/ACC100/ 107/111/114/115 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE FINANCIAL ACCOUNTING COURSE CODE ACC100/107/111/114/115 DATE 25 APRIL 2003 TIME 3 HOURS (2.45 p.m - 5.45 p.m) FACULTY Business and Management / Administration and Law Office Management and Technology Information Technology and Science Computer SEMESTER December 2002 - May 2003 PROGRAMME/CODE Diploma in Business Studies/BM111 Diploma in Banking /
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Case 27-2: Rock Creek Golf Club Submitted by: Adam Kessler Submitted to: Dr. Alan Czyzewski Submitted for: MBA 613 Submitted on: Wednesday‚ 4/11/12 Question 1 An amortization table has been completed regarding the potential loan that RCGC would need to obtain in order to fund the purchase of 40 gasoline-powered golf carts. RCGC would need to obtain a loan for $89‚600 at an eight percent interest rate for five years with a payment due at the end of each year in order to fund the purchase
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CHAPTER 9 ALTERNATE PROBLEMS Problem 9.1A Determining the Cost of Plant Assets Podunk College recently purchased new exercise equipment for its gym. The following information refers to the purchase and installation of this equipment: 1. The list price of the equipment was $180‚000; however‚ Podunk College qualified for an “educational discount” of $30‚000. It paid $20‚000 cash for the equipment‚ and issued a 3-month‚ 12% note payable for the remaining balance. The note‚ plus accrued
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Rupee exchange DepReciation: impact analysis January 2012 The Associated Chambers of Commerce and Industry of India ASSOCHAM Corporate Office: 1‚ Community Centre‚ Zamrudpur‚ Kailash Colony‚ New Delhi-110048 Tel: 011 46550555 (Hunting Line) | Fax: 011 46536481/82‚ 46536498 Email: assocham@nic.in | Website: www.assocham.org Executive Summary • The study assesses the impact of rupee depreciation on: The import bill of the country Key import commodities • Rupee depreciation has
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Financial Analysis A financial statement is prepared to show the business’s past experience and see what they can do to improve the business in every way. Our business is a new one‚ so we do not have any past information. We are preparing for our future expansion and growth. We did our financial analysis for the coming three years 2013 – 2015. It is referred as year one‚ year two and year three in the statement for 2013‚ 2014 and 2015 in the given order. We also based the analysis into three different
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Accounting Cycle Paper Ruth Kawai ACC/421 January 12‚ 2015 Mr Art Trujillo I currently work for a company as a payroll processor for a non-profit organization; we are a very small company over 70 staff‚ but we take care of 200 clients with intellectual and developmental disability. Our headquarters is located in San Leandro‚ California. We have a complete accounting department that works as a team. Our team consists of Sr. Accountant‚ accounts payables and account receivables. In our accounting
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