9.2) A company is using a carrier to deliver goods to a major customer. The annual demand is $2‚500‚000‚ and the average transit time is 10 days. Another carrier promises to deliver in 7 days. What is the reduction in transit inventory? I = tA=(10 – 7 ) 2‚500‚000=$7‚500‚000=$20‚547.90 365365 365 9.4) A florist carries an average inventory of $12‚000 in cut flowers. The flowers require special storage and are highly perishable. The florist’s estimates capital costs at 10%‚ storage
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Answers Fundamentals Level – Skills Module‚ Paper F7 (INT) Financial Reporting (International) 1 (a) December 2008 Answers Pedantic Consolidated income statement for the year ended 30 September 2008 $’000 98‚000 (72‚000) ––––––– 26‚000 (3‚000) (7‚600) (500) ––––––– 14‚900 (5‚400) ––––––– 9‚500 ––––––– Revenue (85‚000 + (42‚000 x 6/12) – 8‚000 intra-group sales) Cost of sales (w (i)) Gross profit Distribution costs (2‚000 + (2‚000 x 6/12)) Administrative expenses
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of examples illustrate paparazzi stalking celebrities and even put them in danger. I have chosen Britney Spears and Miley Cyrus as example for further discussion. Britney Spears‚ one of the favorite targets of paparazzi‚ has been suffering mental problems in 2008. Since she is famous‚ paparazzi always bother her. Whenever she goes‚ there are paparazzi asking questions and taking photos of her in an annoying way‚ which exert great pressure on Britney. She was once found crying outside her house as
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Quinnipiac University School of Business FIN350 Global Financial Markets & Institutions Questions & Problems Set 5 Spring 2013 1. Explain why commercial banks are regulated and describe the major pieces of legislation enacted to prevent bank failures. Financial institutions are regulated because they provide products and services that the economy needs to function efficiently. Also they function in an environment where there is a great deal of asymmetric information‚ so they
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Assignment Problem Set includes overview of these exercises: C: 9-35 Allocation of Precontribution Gain Solution C: 11-45 Use of Losses by Shareholders Solution C: 10-4 Discussion C:11-47 Problem Post-Termination Loss Use Solution Business - Accounting Complete the problems found in Ch. 9‚ 10‚ 11 of Federal Taxation 2010: Corporations with your Learning Team . C:9-32 Problem – Partnership Income and Basis Adjustments (Ch. 9) C:11-37 Problem – Determination
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PRACTICE BRIEFING Real estate appraisal: a review of valuation methods School of Electrical and Computer Engineering‚ National Technical University of Athens‚ Athens‚ Greece School of Rural and Surveying Engineering‚ National Technical University of Athens‚ Athens‚ Greece‚ and Jonathan Edwards Consulting‚ University of Reading‚ UK Keywords Market surveys‚ Real estate‚ Forecasting‚ Estimation‚ Assets valuation Abstract The valuation of real estate is a central tenet for all businesses. Land
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is completed. a. How many shares must the venture capitalist receive to end up with 20% of the company? What is the implied price per share of this funding round? b. What will the value of the whole firm be after this investment (the post-money valuation)? Answer: a. After the funding round‚ the founder’s 8 million shares will represent 80% ownership of the firm. To solve for the new total number of shares (TOTAL): 8‚000‚000 = 0.80 TOTAL So TOTAL = 10‚000‚000 shares. If the new total is 10 million
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Problems Page 1 of 10 Taxation of Business Entities‚ 2012‚ eBook 3/e Content Chapter5: Corporate Operations Problems 44. (LO1) LNS corporation reports book income of $2‚000‚000. Included in the $2‚000‚000 is $15‚000 of taxexempt interest income. LNS reports $1‚345‚000 in ordinary and necessary business expenses. What is LNS corporation ’s taxable income for the year? 45. (LO1) ATW corporation currently uses the FIFO method of accounting for its inventory for book and tax purposes
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EMBA 7100: Problem Set Three ! Show all work necessary to arrive at answers on this worksheet and then post answers to the web site provided before the class meeting where the problem set is due. ! ! Question 1: Americans have become increasingly concerned about the rising cost of Medicare. In 1990‚ the average annual Medicare spending per enrollee was $3267; in 2003‚ the average annual Medicare spending per enrollee was $6883. Suppose you hired a consulting firm to take a sample of fifty
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Global Environments and Problem Sets Learning Team C Acc/300 Summary organizations’ financial statements: How is the corporation’s debt securities reported on the financial statements How is the corporation’s stock investments reported on the financial statements Why would the corporation invest in stocks and debt securities? What are the corporation’s relative risks and rewards of equity versus debt securities? Debt securities are distinct from equity instruments‚ but both assets
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