1997 First Investments‚ Inc.: Analysis of Financial Statements In March 1995‚ Fred Aldrich‚ a summer trainee with the First Investments‚ Inc.‚ was called into the office of the head of investment analysis section of the trust department. The following conversation took place: Fred‚ here are the 1994‚ 1993‚ and 1985 Basic Industries Company’s financials (Exhibit 1) and a 10-year summary (Exhibit 2 ). Our trust department has owned this stock since the early 1980s. As you know‚ our portfolio people
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Appropriate and Inappropriate Uses of MBTI The MBTI test results can be used in almost every type of work. Employers can use employees results to place the employee based on ability to solve problems‚ communication skills‚ marketing traits and other important factors. The results of these tests are derived from employees’ personal preferences rather than their abilities in order to place them in comfortable environments to increase their productivity. In addition‚ businesses use these MBTI test
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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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Wilfred Owen Concept: Owen challenges public perception of war and evokes moral outrage. He portrays the horrors‚ mistreatment of the soldiers and brutality felt throughout war. Owen wanted to inform‚ awaken and enlighten his reader about what war was really like. Owen shows us both his experiences throughout war and the soldiers as he attempts to show it from their perspective. He wanted to highlight the sacrifices‚ ugliness and barbarity of war as a way of arousing awareness. Owens use of similes
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Explain Plato’s concept of the forms and the particular importance of the form of good. (25) Plato originally thought of the forms because of the concept of beauty. Although we see objects and think that they are beautiful‚ we never ‘beauty’. Also many different things can be beautiful‚ but in different ways but they all still have one thing in common‚ beauty. This leads to Plato concluding that there must be something which is ‘beauty’ that all of these things get it from. This idea of a universal thing
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Parker Career Management Center Company Research Form First & Last Name This document will help you gather information about your target companies. It is NOT a comprehensive list of what you need to know but will provide a good starting base. Where to find information: Company Website‚ LinkedIn‚ Google‚ Rosenfeld Library: Capital IQ‚ Bloomberg‚ Mergent Online‚ Hoover’s‚ LexisNexis‚ Data Monitor‚ Mintel‚ Factiva. COMPANY OVERVIEW Company What business are they in? How long have they been in business
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CHAPTER 4 & 5 – BALANCE SHEET AND INCOME STATEMENT -Identify the different financial statements (BS*‚ IS‚ Statement of Stockholders’ Equity‚ and related notes) -Identify the different components of the BS (Assets: current and long term; Liabilities: current and long term; stockholders’ equity: preferred stock‚ common stock‚ PIC‚ treasury stock) -Identify the different component of the IS (Gross profit‚ earnings before interest and taxes‚ interest expense‚ income tax expense‚ income from continuing
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Ch. 5: Comprehensive Questions: Assertions 5-29 (Assertions) In planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes
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Less.”(Target 2012 Annual Report‚ 2012‚ p.1). Target is one of the leading stores besides Wal-mart that keeps their prices low while still making a profit from their sales. They introduced the new price match and return policies and continue to offer more savings through their REDcard Rewards. (Target 2012 Annual Report‚ 2012‚ p.2). With the REDcard Rewards clients are able to save an extra 5 percent off nearly all purchases and offers an additional 30 days for most returns. (Target 2012 Annual Report
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compared to an industry average for the most recent year. d. When the trend of entity data is compared to the trend of industry data. 2. When comparing entity financial ratios with industry ratios: a. it should be assumed that the data result from the consistent application of alternative accounting methods. b. Relative values at a point in time may not be significant. c. Trend comparisons may not be valid because alternative accounting methods may have been used. d. Entity ratios should
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