Assignment Print View http://ezto.mhecloud.mcgraw-hill.com/hm.tpx?todo=printview Score: 100 out of 100 points (100%) 1. award: 5 out of 5.00 points On November 1‚ Bahama Cruise Lines borrows $3 million and issues a six month‚ 6% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjustment for interest expense at December 31‚ the end of the reporting period. (Enter your answers in dollars not in millions. Do not round intermediate
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Myers‚ S.C. (1984). “Finance Theory and Financial Strategy”. Interfaces‚ 14. Introduction This journal explained how to bridge the gap between strategic planning and finance theory. Myers wrote this journal to explain why finance analysis had only slight impact on strategic planning‚ even though strategic planning needs finance. Strategic and financial analysis are not reconciled. When low net present value (NPV) projects are nurtured "for strategic reasons‚" the strategic analysis overrides
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Bristol-Myers Squibb and Sanofi-Aventis seek a settlement rather than let the patent infringement case go to trial because Bristol-Myers Squibb fail to disclose the oral side deal with Apotex and its false certification to the FTC. Going to trial would have cost Bristol-Myers a great deal of money and severe penalties from the FTC. Bristol-Myers knew before hand that the FTC opposes agreements that restricted the introduction of generic drugs which could be anti-competitive. Bristol- Myers was hoping
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Shapiro: Chapter 2: Capital-Budgeting Principles and Techniques QUESTIONS 1. a. What is the relationship between accounting income and economic profit? Answer: Accounting income is calculated by taking revenues and subtracting all cash and non-cash expenses (such as depreciation). Accounting income also often recognizes losses for tax purposes as well‚ even though the economic loss may have taken place at another time. Economic profit is the sum of the present values of all the cash flows
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financial analysis of Myer. This report will analyze the forecast‚ valuation and application of Myer‚ including forecasting the major data‚ valuating share price under four model and discussing the opportunity and challenge of Myer. 1. Forecast sales growth rate As one of the most important indicators‚ sales can reflect directly Myer’s financial performance and influence other indicators. Therefore‚ the forecast of sales growth rate is the foundation for forecasting Myer. Based on the previous
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Chapter 1 Managerial Accounting and Cost Concepts Solutions to Questions 1-1 The three major elements of product costs in a manufacturing company are direct materials‚ direct labor‚ and manufacturing overhead. 1-2 a. Direct materials are an integral part of a finished product and their costs can be conveniently traced to it. b. Indirect materials are generally small items of material such as glue and nails. They may be an integral part of a finished product but their costs can be
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Chapter eight of Unbroken goes from describing the risks of flying in combat to describing the reality of death and how the men attempted to cope with that. In this quote‚ the narrator makes a point to highlight that each death was not only a number‚ but an actual person. The narrator offers insight into how extreme the circumstances were during war and how many real people died—people who were once friends and family. This quote is significant‚ because‚ while so many people died during the war‚
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Empirical Finance 4.2 – Case 3 Julinda Kllapi‚ 2514073‚ j.kllapi@student.vu.nl Valkana Lesseva‚ 1836994‚ v.h.lesseva@student.vu.nl Introduction The recent financial crisis saw CDS spreads soaring across the Euro area as the full picture behind the public finances of many European countries became apparent. As a result many countries‚ such as Portugal and Ireland lined up for a bailout from the rest of the Eurozone as they found it harder and prohibitively expensive to borrow from the
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Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
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Score: 120 1. out of 120 points (100%) award: 10 out of 10.00 points Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets Assets 2011 Current assets Cash Accounts receivable Inventory Total Liabilities and Owners’ Equity 2011 2012 $ 11‚000 27‚000 75‚000 $ 14‚250 36‚750 96‚250 $ 113‚000 $147‚250 Current liabilities Accounts payable Notes payable 2012 $ 54‚000 14‚800 $ 63‚750 20‚500 $ 68‚800 $
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