Financial Statement Analysis K R Subramanyam John J Wild McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies‚ Inc. All rights reserved. 4-2 Analyzing Investing Activities 4 CHAPTER 4-3 Current Asset Introduction Classification Current (Short-term) Assets Resources or claims to resources that are expected to be sold‚ collected‚ or used within one year or the operating cycle‚ whichever is longer. Noncurrent (Longterm) Assets Resources or claims to resources
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1. (45 points) Calculate the value of Carborundum (on an aggregate and per share basis) using both the Free Cash Flow to Capital (FCFcap) and Free Cash Flow to Equity (FCFeq) methods. Use the following assumptions: Note: Rf=5.6%; MRP=8.8%‚ Carborundum’s levered beta (prior to deal)=1.16 FCFeq=Net Income + Non Cash Deductions-Capital Expenditures-Change in Net Working Capital-Debt Repayment+ Debt Issuances + Miscellaneous Extras Answer: Value of Kennecott using FCFcap is: $53.8 Value of Kennecott
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Compiled AASB Standard AASB 138 Intangible Assets This compiled Standard applies to annual reporting periods beginning on or after 1 July 2009. Early application is permitted. It incorporates relevant amendments made up to and including 25 June 2009. Prepared on 30 October 2009 by the staff of the Australian Accounting Standards Board. AASB 138-compiled 2 COPYRIGHT Obtaining Copies of Accounting Standards Compiled versions of Standards‚ original Standards and amending Standards (see Compilation
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875 Inventory 825 Purchases 5‚963 Delivery costs 125 Salesmen’s salaries 800 Administrative wages and salaries 738 Plant (includes £362‚000 acquired in 2009) 1‚562 Motor vehicles 1‚125 Goodwill 1‚062 Distribution costs 290 Administrative expenses 286 Directors’ remuneration 375 Trade receivables 3‚875 Cash at bank and in hand 1‚750 18‚776 18‚776 Notes: 1. Provide for:
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IFRS for Small And Medium Enterprises: How Is It Different And Is It necessary? Introduction To The IFRS For SMEs The IFRS (International Financial Reporting Standards) for SMEs is a self-contained standard of 230 pages‚ which was published on the 9th July 2009‚ designed to meet the needs and capabilities of small and medium-sized entities (SMEs)‚ which are estimated to account for over 95% of all businesses around the world. The standard is a result of a five year development process with
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Land and buildings Plant and equipment Motor vehicles Goodwill Investments Inventories Trade and other receivables Trade and other payables Cash and cash equivalents Ordinary share capital ($1 shares) Retained earnings at 1 April 2012 Loss for the year Cr $000 155 510 50 60 130 240 420 635 150 1 200 350 70 1985 1985 After the financial statements for the year ended 31 March 2013 had been prepared‚ an impairment review showed the following: 1 Land and buildings
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Strategic Management Plan for Union Bank (http://www.unionbankph.com) Prepared by: Geraldine S. Lungay Student number 200701175 – MKA 31 March 12‚ 2013 Table of Contents Title Page Number I. Executive Summary ................................................................................... 10 II. Company Background ............................................................................... 3 III. Competitive
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ACT 360 Intermediate II Final Portfolio Project May 31st‚ 2014 Portfolio Project Module 1 1) What are the maturities on Intel’s Long-term debt? 2) What are Intel’s projected obligations on Long-Term Debt and Payments due by period? 3) What is the par or stated value of Intel’s preference shares? Par Value/Stated Value of Preferred Shares = $0.001 4) What is the par or stated value of Intel’s ordinary shares? Par Value/Stated Value of Common Shares = $0.001 5) What
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Annual Report 2008 Northern & Western Europe Beer volume 51m hl Net revenue DKK 37.1bn Operating profit DKK 4bn See page 28 for regional performance. 47% OF TOTAL VOLUME % Operating profit Share of operating profit* DKKbn 5 4 3 2 1 0 60 50 40 30 20 10 07 * Before not allocated expenses and other activities (rhs) 20 20 08 Eastern Europe Operating profit Share of operating profit* DKKbn 5 4 3 2 1 0 % 50 40 30 20 10 0 43% OF TOTAL VOLUME Beer volume 46.8m
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identified on any reproduction of the original results report. Should it become necessary to verify that this is the original document as issued by ACCA‚ please contact ACCAConnect for further details. The mark attained for each paper attempted at the last session of examinations is shown overleaf. Please read the following notes for additional information. ACCA Qualification Candidates The pass standard in all papers is 50%. Foundations in Accountancy Candidates The pass standard in all papers is 50%
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