FINANCIAL STATEMENTS AND CASH FLOW 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they have a large factor of safety in meeting short-term creditor demands. However‚ since liquidity also has an opportunity cost associated with it - namely that higher returns can generally be found by investing the cash into productive assets - low liquidity levels are also desirable to the
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Introduction For this piece of assignment‚ a cash budget will be made for Doomy Corporation for the second quarter of the year. For this budget‚ all the sales figures for the second quarter and some of the expenditure have been given. Hence‚ to prepare a cash budget‚ the sales figure given will be used and some calculations will be worked out in order to fully prepare an outstanding budget for Doomy Corporation the following information will be used efficiently. “Doomy Corporation‚ a rapidly expanding
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the effective rate). 1. Interest for 4M @ 11‚46992 is $45‚879‚680 Principle 80M @ 0.31180 is 24‚944‚000 PV would be 70‚823‚680 2. Cash is 70‚823‚680 Discount is 9‚176‚320 Bonds Payable is 80M 3.. Interest for 70‚823‚680 @ 6 is $4‚249‚421 Discount is 249‚421 Cash is 4M 4. Interest for 71‚073‚101 @ 6 is $4‚264‚386 Discount is 264‚386 Cash is 4M E 14–5: Bonds; issuance; effective interest; financial statement effects LO14–2 Myriad Solutions‚ Inc.‚ issued 10% bonds
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Question 1 a) Select two companies where inadequate internal control have resulted in disastrous effects on the organisation or exposed it to heavy losses. Research the facts of the failure and report on the facts and the losses suffered. In your report‚ include suggestions for changes to operations (internal controls) that could have prevented the final outcome. Where could you find a list of these internal controls and how are they documented? Examples of companies include: Coles Myer
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Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the
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Foreign Exchange rate‚ Bank Rate‚ Cash Reserve Ratio‚ Monetary policy‚ Reserve Bank of India. "As far as inflation is concerned‚ we are adopting a multi-prolonged strategy that will yield results soon."1 - Dr. Manmohan Singh‚ Prime Minister of India‚ in February 2007. "The main instrument that the Finance Minister has used in the budget is fiscal controls which will show results in three months. Fiscal deficit at 3.3% of GDP is the lowest in 25 years. But price controls are measures which should be
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What is internal control and why is it important The American Institute of Accountants first defined the term internal control in 1949‚ followed by further clarifications in 1958 and 1972. In 1977 publicly held companies came under legislation to adequately implement controls to protect their financial information. A report by the Committee of Sponsoring Organizations in 1992 and the Sarbanes-Oxley Act of 2002 are more recent documents defining internal controls.( Bishop‚ 1991‚p.117-123; Colbert
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CHAPTER 4 DISCOUNTED CASH FLOW VALUATION Solutions to Questions and Problems 10. To find the future value with continuous compounding‚ we use the equation: FV = PVeRt a. b. c. d. FV = $1‚000e.12(5) FV = $1‚000e.10(3) FV = $1‚000e.05(10) FV = $1‚000e.07(8) = $1‚822.12 = $1‚349.86 = $1‚648.72 = $1‚750.67 23. We need to find the annuity payment in retirement. Our retirement savings ends at the same time the retirement withdrawals begin‚ so the PV of the retirement withdrawals will be the FV of
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mrunal.org http://mrunal.org/2012/08/econ-crr.html [Economy] Cash Reserve Ratio (CRR) Controversy between SBI & RBI: meaning‚ implication on Economy Explained 1. What is CRR? 2. What is Scheduled Commercial Bank? 3. Examples of Scheduled Commercial Banks 1. Case # 1: High CRR and SLR 2. Case # 2: Low CRR and SLR 4. Repo Rate 5. Reverse Repo Rate 6. Bank Rate 7. What is the need of all these CRR‚SLR‚Repo rates? 8. What is the problem with CRR? 9. How much CRR deposit does RBI have? 10. What
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my audience of the life of Johnny Cash I. The Introduction A. Johnny Cash is one of the most liked and well know musician of all time. B. Johnny Cash was an artist who took a stand for what he believed in and this was all too evident in the music he wrote. C. I have been a fan of Cash ever since first introduce to his music several years ago. D. I will be taking you through the life of Johnny Cash‚ country music icon! [Transition: Johnny Cash was born into poverty only to become
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