13/08/2012 Topic 3 Property‚ Plant & Equipment The nature of PP&E • AASB 116 defines property‚ plant & equipment (PP&E) as: • tangible items • with a specific use within the entity • that are expected to be used during more than one period AASB 116 specifically excludes assets held for re-sale PP&E is normally divided into classes. Common classes include land‚ buildings‚ machinery‚ motor vehicles. • • 1 13/08/2012 Initial recognition of PP&E • Cost of an item is recognised as
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Strategy 2 Effects of $3 Billion in New Debt for Dividend or Stock Repurchase 2 a. Outstanding Shares 2 b. Book Value of Equity 2 c. Price per Share 2 d. Earnings per Share 3 e. Debt Interest Coverage Rations and Financial Flexibility 3 f. Outstanding Shares 3 Wrigley’s Current Weighted Average Cost of Capital (WACC) 4 Debt Proceeds to Pay a Dividend or Repurchase Shares 4 Wrigley’s Recapitalization 5 Appendices 5 i. Objectives This report seeks to answer the
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Evolution of Baseball Equipment Baseball is a sport that our nation has loved and enjoyed since the early nineteenth century. I have played baseball for as long as I can remember‚ and the game has become a passion of mine. As I am passionate about the sport‚ I have begun to wonder where the equipment we have today has come from. How did we get to pristine gloves and flawless bats? There a five main pieces of equipment used by a baseball player‚ and all of which today have been modified to
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Competitive Landscape The golf industry is a competitive industry. It is especially competitive for Islington Golf Club. Islington has a lot of competition‚ 30 other courses within a 30 minute drive from Toronto and several located within 5-10 minutes. Many of the courses located close to Islington Golf Club have recently undergone renovations or have more amenities to offer members. These factors make it hard for Islington to get new members because they do not have the extra money for renovations
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Scott Equipment Organization is investigating various combinations of short- and long-term debt in financing assets. Assume the organization has decided to employ $10 million in current assets and $15 million in fixed assets in its operations next year‚ and EBIT for next year is $8 million. The organization’s income tax rate is 40%. Stockholders’ equity will be used to finance $15 million of assets‚ with the remainder financed by short- and long-term debt. The organization is considering implementing
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REVIEW OF FACTS Rock Creek Golf Club is a public golf course owned by a private company and managed by Lee Jeffries. The case entails a debate about the golf carts used to take players around the course instead of walking around. The carts they already owned were old and there was a need for new golf carts. Approached by two salesman‚ Lee Jeffries was forced to chose to make a deal with one of them. Salesman A offered carts at $2‚240 each and at the end of five years the expected salvage value
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Use of Personal Protective Equipment 1. Purpose It is a requirement of the School of Chemistry and the University that appropriate personal protective equipment (PPE) be employed to minimise risks which may be present within a laboratory or workplace. This guideline discusses the various basic types of which are available to laboratory workers‚ briefly outlining their use‚ application and maintenance. 2. Scope This procedure applies to all personnel working in the School of Chemistry laboratories
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Personal Protective Equipment (PPE) Proposal Hazards exist in every workplace in many different forms: sharp edges‚ falling objects‚ flying sparks‚ chemicals‚ noise and other potentially dangerous situations. The Occupational Safety and Health Administration (OSHA) requires that employers protect their employees from workplace hazards that can cause injury. Controlling a hazard at its source is the best way to protect employees. Depending on the hazard or workplace conditions‚ OSHA recommends
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Project on “Buy Back of Shares” Contents |Sr.No. |Topic |Page No. | |1. |Introduction |1 | |2. |Share buyback- An Overview |2 | |3. |Share buyback: Positive Aspects
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PROPERTY‚ PLANT AND EQUIPMENT I. Major Characteristics a. Tangible assets (with physical substance) b. Used in business – production or supply of goods or services‚ for rental purposes‚ and for administrative purposes c. Expected to be used for a period of more than one year Examples Property not subject to depreciation – e.g.‚ land Property subject to depreciation – e.g.‚ building‚ machinery‚ equipment‚ furniture‚ fixtures‚ leasehold improvements II. Initial Recognition a. Should comply with
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