Chapter 12 Corporate Valuation and Financial Planning ANSWERS TO END-OF-CHAPTER QUESTIONS 12-1 a. The operating plan provides detailed implementation guidance designed to accomplish corporate objectives. It details who is responsible for what particular function‚ and when specific tasks are to be accomplished. The financial plan details the financial aspects of the corporation’s operating plan. b. Spontaneous liabilities are the first source of expansion capital as these accounts increase
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| How does accounting affect my future endeavors? Accounting is an important aspect to any business. Accountants are responsible for providing information that is used to determine the current and future economic stability of an organization. It has been proven that companies that use good accounting practices have advantages over their competition. They also have the ability to improve their decision making abilities. Those that do not use these practices are faced with an inability
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next year. What amount should Wilk report as current liabilities at December 31 this year? a. $1‚250‚000 b. $4‚650‚000 c. $5‚175‚000 d. $5‚700‚000 Solution: The A/P and short-term borrowings are current‚ and because the $3.5M bank loan is in violation of a loan provision (and the creditor has not waived his rights)‚ the full $3.5M is due and a current liability. Of the $1 M bank loan‚ interest that has accrued between June 30 last year and December 31 also needs to be shown
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Business Examples of how changes in the environment affect organizations Environment | | P.E.S.T.E.L Analysis | | 12/9/2011 | | Contents Introduction 3 Indian summer boosts sales at B&Q owner Kingfisher 4 Nokia’s Windows tablet to take on Apple’s iPad 5 Topps Tiles sales continue downward trend 6 GlaxoSmithKline to settle drug disputes for $3bn 7 Conclusions 8 Reference 9 Bibliography 10 Appendices 11 Introduction In this assignment I will cover
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How does culture and environment affect institutions and their management? Define the Problem: What went wrong during Ms. Myers tenure from your point of view? Ms. Myers was a smart individual that got caught up in the hype of a new and promising job. Like many people these days the sound of an executive position is tempting and wanted by many‚ however most do not have the skills or the knowledge needed to survive and be a part of that new environment. It is great to want to invent the wheel
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to submit an article on new technology (e.g. mobile phone‚ the Internet‚ Facebook) and how it affects young people’s relationships with family and friends. We will publish one article from each country. You should also make some suggestions on how young people can eliminate the negative impact of technology on their relationships. Write your article. Write approximately 220 – 260 words. How does Facebook affects relationships? In today’s advanced technological society‚ it is disputable that the importance
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Corporate Accounting III Assignment 2 Question 1: What is the difference between direct and indirect NCI? Under AASB127‚ the group is required to prepare the consolidation statement when parent entity acquires shares in the subsidiary. There are two parties who own shares in the subsidiary if it’s not a wholly-owned subsidiary consolidation. One is the parent entity while the other is non-controlling interest. Non-controlling interest (NCI) is defined as “the portion of the profit or loss and
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Demo Homework Chapter 1 Demonstration Problem 1-2 Effect of Product and Period Costs Klyn Manufacturing Company experienced the following accounting events during its first year of operation. Except for the depreciation adjusting entries‚ all transactions are cash transactions. 1. Acquired $50‚000 cash from the issue of common stock. 2. Paid $6‚800 for the materials that were used to make its products. All products started were completed during the period. 3. Paid salaries of $4‚300
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Problems –Financial Statement‚ Taxes and Cash flows: 1) Penguin Pucks Inc has current assets of $5100‚ net fixed assets of 23800 current liabilities of $4300 and long term debt of $7400.What is the value of the shareholder equity account for this firm ? How much is the net working capital? 2) Papa Roach Exterminators Inc has sales of $586000‚ costs of $247000‚ depreciation expense of$43000‚ interest expense of $32000 and a tax rate of 35 per cent .What is the net income for this firm?
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Generally Accepted Auditing Standards Heather Sheetz Accounting 491 Julie Oldham March 28‚ 2008 Generally Accepted Auditing Standards Generally Accepted Auditing Standards or GAAS is “a set of systematic guidelines used by auditors when conducting audits on companies’ finances‚ ensuring the accuracy‚ consistency and verifiability of auditors’ actions and reports” (Lexico Publishing Group‚ 2008). The following paper will explain the elements of GAAS and how GAAS is applied to audits. GAAS
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