Subject: Chief employee bonus: Conflict Interest. To: Ethics for Accountant From: Kyungwon Kwak Date: 03/07/2011 1. Ethics Case-Chief employee bonus The WGN Company has a bonus arrangement‚ which grants the financial vice president and other executives a $15‚000 bonus if the net income exceeds the previous year’s by $1‚000‚000. Noting that the current financial statements report an increase of $950‚000 in the net income‚ Vice President Jack Brickhouse asks Louise Boudreau‚ the controller
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Finansbank 2006 HBS case study 11/15/2011 Duisenberg School of Finance Irina Polukhina “It gives us great pride that Finansbank‚ with its unique approach to banking‚ is recognized by an international bank and as a demonstration of this faith the executive management team of Finansbank is requested to continue in their current positions. Our new partner will further expand the scope of our stakeholders and customers‚ especially with its strong presence in the Southeastern European region
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contingency strategies. You should also incorporate the ethical implications of your solutions into your selection. For each strategic objective‚ develop a metric and target using a balanced scorecard format. (For example‚ a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is‚ "The percentage of increase in market share." The target is the specific number to be achieved in a particular
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1. Valuation of Virginia’s assets a. Present value: PV = $2‚000‚000 + $3‚000‚000/(1+0.06)1 = $2‚000‚000 + $2‚830‚189 = $4‚830‚189 b. Future Value (1 year): FV = 2‚000‚000(1+0.06)1 + 3‚000‚000 = 2‚120‚000 + 3‚000‚000 = 5‚120‚000 2. Valuation of Viginia’s assets with investment c. $1 million investment PV = $1‚800‚000/(1+0.06)1 + $3‚000‚000 = $1‚698‚113 + $3‚000‚000 = $4‚698‚113 d. $2 million investment
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Question 1) 1) Discuss puzzles and anomalies 2) Discuss three forms of market efficiency Marketefficiency is a measure of the availability(to all participants ina market) of the information that provides maximum opportunities tobuyers and sellers to effect transactions with minimum transactioncosts. Types of Efficiency: Operational efficiency: It refers to thecost to buyers and sellers of transactions in securities on theexchange. This may be promoted by creating as much competitionbetween
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stock prices fluctuate constantly when the market is open‚ you never really know how much you’re going to make until you sell. The second way is when the company that owns the stock issues dividends - a payout that companies sometimes make to shareholders. ;;;;;;;; hggggggggggggggggggggggggggggg ggggggggggggf f ddddddddddddddddddd ssssssssssssss s s ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss- sssssddddddddddddddddddddddddddddddddddddddddddddddddddddddd-
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of the following statements is CORRECT? Student Response 1. Managers who face the threat of hostile takeovers are less likely to pursue policies that maximize shareholder value compared to managers who do not face the threat of hostile takeovers. 2. Bond covenants are an effective way to resolve conflicts between shareholders and managers. 3. One advantage to forming a corporation is that the owners of the firm have limited liability. 4. Because of their simplified organization‚ it
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Running head: OWNERS’ EQUITY PAPER Owners’ Equity Paper University of Phoenix ACC 423 January 21‚ 2013 Owners’ Equity Paper Stockholders’ equity‚ shareholders’ equity‚ and corporate capital all define the owners’ equity in a corporation. The stockholder’s equity normally has three categories that appear. The three categories are: capital stock‚ additional paid-in capital‚ and retained earnings. Capital stock and additional paid-in capital makes up and represents the contributed (paid-in)
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1. Is Alicia a promoter? According to Jason (2011)‚ the person who is involved in incorporating with either active role or inactive role can be defined as a promoter. The case Tracy v Mandalay Pty Ltd illustrates that a person who agrees to share profit while forming a company is the promoter‚ in spite of his passive role. In this case‚ though Alicia played no active role in forming the company‚ as a shrewd business man‚ she agreed to share the profits generating form this new organization obviously
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FM ASSIGNMENT ON DIVIDEND POLICY Submitted To: Prof. Ramana Rao By Group 1‚ Ganesh Behera (22074) Udaya Bhaskar (22071) Kasu Varma (22101)
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