Direction: answer the following exercises and justify or explain. 1. Mark the following statements as true or false. a. False b. False c. False d. True e. True f. False g. True h. True i. False j. True k. False a‚b‚c‚d‚e‚g‚j 2. Which of the following are valid C++ identifiers? a. myFirstProgram b. MIX-UP c. C++Program2 d. quiz7 e. ProgrammingLecture2 f. 1footEquals12Inches g. Mike’sFirstAttempt h. Update Grade i. 4th j. New_Student b 3. Which of the following is a reserved
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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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Chapter 7 # 30 a. Give three examples of relatively reliable documentation and three examples of less reliable documentation. What characteristics distinguish the two? Examples of relatively reliable documentation are: vendor statements‚ bank statements. And signed lease agreements. Examples of relatively unreliable documentation are: copies of customer invoices‚ internal memoranda and other communications‚ and a listing of fixed asset additions. The difference between the two is whether they
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options to hedge the of investors’ investment (Pine street capital). 2. What risks does PSC want to hedge and what risks is PSC willing to bear? Why? How would hedge these risks on July 26 using a short-sale strategy? What problems arise with the short-sale strategy? One of the common investment strategies for Hedge Funds is to leverage those risks that they understand and hedge the risks where they feel they do not have enough expertise. Pine Street Capital specialized in the technological
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00 $ 54 600.00 Total Assets: Assets Current assets Cash Inventories Prepaid Expenses Accounts receivable Total Current assets: $ 21 000.00 Owners’ equity: Paid-in capital: Assets Current assets Cash $ 10 172.00 Inventories $ 2 800.00 Prepaid Expenses $ 1 428.00 Total Current assets: $ 14 400.00 Lone Pine Cafe Balance sheet As of November 2‚ 2009 Liabilities and Owners’ equity Current liabilities Notes payable‚ bank $ 69 000.00 Total Liabilities and Owners’
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uncollectible accounts to be reported in the balance sheet of V company: Estimated Uncollected Accounts Details Total Amount ($) Percentage Considered Uncollectible (%) Allowance for Doubtful Debts Accounts ($) A B C D 0 – 30 Days Past Due 60‚000 5% 3‚000 31 – 60 Days Past Due 4‚000 10% 400 Over 60 Days Past 2‚000 70% 1‚400 Total 66‚000 4‚800 Therefore‚ the amount of allowance for uncollectible accounts to be reported in the balance sheet of V Company is $4‚800. E8-11 1. Compute the rates of increase
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Balance Sheet Items presented on the face of the statement of financial position represents an entity’s assets‚ liabilities‚ and equity (net assets) at a given point in time‚ a specific date. These items should be sufficiently detailed to enable identification of material components under US GAAP. In contrast the Financial Instruments and Exchange Act requires Japanese GAAP to present items in a more detailed manner compared to IFRS and US GAAP. Thus Bridgestone‚ following JP GAAP have more accounts
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Jeronimo Martins Group’s Consolidated Balance Sheet as of 31 December 2011 and 31 December 2010‚ has been analyzed respectively the correspondents values‚ structure and relevant changes for assets and Liabilities & Shareholder’s Equity with following conclusions: I. The main assets of Jeronimo Martins Group are noncurrent (about 75%) concentrated mostly in tangible assets (about 50%) followed for the intangible assets (about 18%); II. The current assets are mostly inventories and cash or cash equivalent;
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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town of Hammond‚ Connecticut declared towering pines a wilderness preserve in 1968. At one time‚ towering pines was a beautiful two hundred acre wilderness preserve. It was home too many 250 year old White Pine trees‚ dating back too the 18th century. The trees stood up too 150 ft. tall with walking trails laid out for tourists and residential people. The trees also stood as a scientist resource for Botanists and science students. When Towering Pines Charter was written in 1968‚ it stated: WHEREAS
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