The Lamborghini Gallardo (Italian pronunciation: [ɡaˈʎarðo][citation needed]) is a sports carbuilt by Lamborghini. The Gallardo is Lamborghini’s most-produced model to date‚ with over 10000 built in its first seven years of production.[3] Each car costs about $180‚000 to $210‚000. The car is named after a famous breed of fighting bull. The Spanish wordgallardo translates into "gallant". The Gallardo offers two choices of transmissions‚ a conventional (H-Box) six-speedmanual transmission‚ and an
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Ferruccio Lamborghini was a self made millionaire‚ he made a fortune by building tractors from army surplus left by the Allied Forces back in 1945. He started this business from a small garage but soon was able to move to larger buildings because demand for his very powerful tractors rose. He also started manufacturing oil burners and air-conditioning systems after his tractor plant started making lots of money‚ it turned out his second business also made big money so Ferruccio Lamborghini became one
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providing a product or service 3) These are selected account balances on December 31‚ 2008. Land (location of the corporation’s office building) $150‚000 Land (held for future use) 225‚000 Corporate Office Building 900‚000 Inventory 300‚000 Equipment 675‚000 Office Furniture 150‚000 Accumulated Depreciation 450‚000 What is the net amount of property‚ plant‚ and equipment that will appear on the balance sheet? D. $1‚650‚000 4) "Generally accepted" in
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Problem 3 Accounting Chapter 21 Problem 3 A firm’s current balance sheet is as follows: Assets = $100 Debt = $10 Equity = $90 A. What is the firm’s weighted-average cost of capital at various combinations of debt and equity‚ given the following information? Debt/Assets | After-tax Cost of Debt | Cost of Equity | Cost of Capital | 0% | 8% | 12% | 12.00% | 10% | 8% | 12% | 11.60% | 20% | 8% | 12% | 11.20% | 30% | 8% | 13% | 11.50% | 40% | 9% | 14% | 12.00% | 50%
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Balance Sheets A general ledger is the foundation of a company’s financial records‚ as they constitute the central summary of a company’s financial system. Every transaction is recorded through the general ledger. These records remain as a permanent track of the history of all financial transactions since the opening day of the company (Business Town‚ n.d.). The purpose of any business is to increase the owner’s equity through solid revenues. These revenues increase assets or proceed to decrease
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Journal Entries Example Company A was incorporated on January 1‚ 2010 with an initial capital of 5‚000 shares of common stock having $20 par value. During the first month of its operations‚ the company engaged in following transactions: Date Transaction Jan 2 An amount of $36‚000 was paid as advance rent for three months. Jan 3 Paid $60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office
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Hello my name is Vincent DeRose and Im gonna talk a little bit about the history of my favorite Automobile company. Lamborghini Lamborghini is one of the most well known exotic or high end SuperCar companies in the world‚ specializing in not only power but luxury. The company was created in 1963 by Ferruccio Lamborghini‚ an Italian industrialist born on April‚ 28 1916. Ferruccio Lamborghini’s mechanical know-how led him to enter the business of tractor manufacturing in 1948‚ quickly becoming
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through neglect or fraudulent activity compromise a patient’s personal health information. Channel 13 in Indiana did an investigation on pharmacies throughout our nation which discarded prescription labels‚ pill bottles‚ and patient information sheets with patient’s personal information into their unsecured dumpsters around Boston‚ Chicago‚ Cleveland‚ Dallas‚ Denver‚ Detroit‚ Miami‚ Louisville‚ Philadelphia‚ and Phoenix. When prescriptions are dropped off‚ electronically transferred‚ or called
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1. Suppose the Federal Reserve instructs the Trading Desk to purchase $1 billion of securities. Show result of this transaction on the balance sheets of the Federal Reserve System and commercial banks. > Change in Federal Reserve’s Balance Sheet Assets Liabilities Securities + $1 billion
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Balance Sheet Analysis Applebee’s International 2004 In analyzing the common-size balance sheet for Applebee’s‚ it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase‚ they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001
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