BACKGROUND Global Financial Corporation (GF) offers financing services for customers purchasing heavy construction equipment from its parent company Global Equipment Company (GEC). GF’s Bakersfield‚ California office is setup to process the loan applications for the western United States. A recently appointed Vice President of GF‚ Nancy Rodriquez‚ is also in charge of managing the Bakersfield office. She has received a memo from the Director of Marketing at GEC with a complaint stating that the
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OUTLINE SOLUTIONS Regression Modelling (ST2210) Internal test (30%) 12th November 2010 KNumber Name Course Duration: 90 mins Instructions: Answer all questions in the spaces provided – (you may use backs of sheets and/or additional paper if required) This is a CLOSED BOOK test. You can consult the test paper‚ KU tables and the attached output ONLY. You may use an approved calculator. Use a 5% level of significance (α = 5%) where appropriate. Fanfare International
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Solutions Guide: A3. (Net advantage to leasing) A firm is considering leasing a computer system that costs $1‚000‚000 new. The lease requires annual payments of $135‚000 in arrears for 10 years. The lessee pays income taxes at a 35% marginal rate. If it purchased the computer system‚ it could depreciate it to its expected residual value over 10 years. The lessee’s cost of similarly secured debt is 10% and its WACC is 15%. a. Calculate the net advantage to leasing assuming zero residual value.
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Electronics Corporation About company -Since its founding in 1950 by Thomas Merton‚ Merton Electronics had been a distributor for GEC‚ a large manufacturer of electrical and electronics products for consumer and institutional market. -Over the years‚ in addition to the GEC products‚ the company had added noncompeting lines of electrical appliances‚ records‚ compact discs‚ and cassettes. -Four years later‚ it entered into an exclusive import agreement with the Goldstone Corporation of Taiwan‚
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Devon Energy Corporation (DVN) Devon Energy Corporation (DVN) is a company specializing in the production of oil and natural gas. This company is headquartered in Oklahoma City‚ Oklahoma but has various sites all over The United States of America and Canada. Founded in 1971‚ Devon has went from no assets and five workers to now having a major publicized company that has about five thousand employees and a thirty billion dollar market value. Acquiring and merging with other energy and oil and gas
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FINA 200 JMSB - First Sample Final Exam Suggested Solution Section I: 26 Multiple Choice Questions (2 marks each – total of 52 marks) 1. b $15‚000 FV‚ 5 n‚ 4 i‚ COMP PMT = $2‚769 2. a 3. c 3 to 6 months 4. a 5. c 6. a 7. a 8. d 9. a 10. b 11. a 12. b 13. c 14. b 15. b 16. b 17. b 18. c 19. a 20. d 21. a 22. b 23. c 24. c 25. b 26. b Section II: 13 True/False (1 mark each – Total of 13 marks) 27. a 28. a 29. a 30. a 31. a 32. b 33. b 34. b 35. b 36. a 37. a 38. a 39. a Section
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notion "corporation" in English and American law; the Philippine Commission enacted the Corporation Law (Act No. 1459)‚ to introduce the American corporation into the Philippines as the standard commercial entity and to hasten the day when the sociedad anónima of the Spanish law would be obsolete. The statute is a sort of codification of American Corporate Law. Harden v. Benguet Consolidated Mining‚ 58 Phil. 141 (1933). 2. The Corporation Law The first corporate statute‚ the Corporation Law‚ or Act
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Toyota Motor Corporation Table of Contents Table of Contents ii 1. Introduction 1 1.1. History 2 2. Financial Information 3 2.1. Financial Analysis 3 3. Mergers and Acquisitions 4 4. Competition and Foreign Interests 5 5. Future Expectations 5 6. Conclusion 6 References 7 1. Introduction Toyota‚ which is known as Toyota Motor Corporation is one of the most exciting names in the automobile industry today. Toyota is one of the most competitive companies globally and has
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Introduction to Corporation Accounting CORPORATION - an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence (New Corporation Code of the Philippines). A corporation is an entity created by law that is separate and distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation The characteristics
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Vector aeromotive corporation case study Vector Aeromotive Corporation was a company which designed‚ manufactured and sold exotic sports cars. Vector was the only U.S.-based manufacture of exotic sports cars‚ and his major competitors were Ferrari and Lamborghini. Gerry Wiegert is the President and founder of this company. In 1987‚ the board of directors was formed with three directors. This case shows events happening between the board and President Gerry. In March 1993‚ the company’s financial
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