Financial Reporting & Analysis April 19th‚ 2013 Case Study- Harnischfeger Corporation 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. The accelerated depreciation method was changed from to straight-line on all company assets that caused to increase after-tax net income for 1984 by $11.005 million. The cumulative effect of change in 1984 there will
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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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Qus 2. Marginal analysis and the goal of the firm Ken Allen‚ capital budgeting analyst for Bally Gears‚ Inc.‚ has been asked to evaluate a proposal. The manager of the automotive division believes that replacing the robotics used on the heavy truck gear line will produce total benefits of $560‚000 (in today’s dollars) over the next 5 years. The existing robotics would produce benefits of $400‚000 (also in today’s dollars) over that same time period. An initial cash investment of $220‚000 would be
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Delegation of authority The action by which a commander assigns part of his or her authority commensurate with the assigned task to a subordinate commander. While ultimate responsibility cannot be relinquished‚ delegation of authority carries with it the imposition of a measure of responsibility. The extent of the authority delegated must be clearly stated. Delegating It is impractical for the supervisor to handle all of the work of the department directly. In order to meet the organization’s
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Marriott Corporation: The Cost of Capital April 2012 Executive Summary Determining the appropriate cost of capital for new investment projects for a diversified company like the Marriott Corporation is not an easy endeavor. However‚ it is an important exercise because the more effective the process‚ the better it can help to support the company’s growth objective with its financial strategy. The four components of the financial strategy are: manage rather than own hotel
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Harnischfeger Corporation Teaching Note INTRODUCTION The purpose of the "Harnischfeger Corporation" case is to expose students to the managerial motives for making major financial reporting policy changes. Generally accepted accounting principles (GAAP) allow companies wide latitude in the choice of accounting policies. After a firm chooses a set of accounting policies‚ current accounting rules permit changes from one alternative policy to another at the discretion of the management
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Power Vs Authority: Week 3 1 Power Vs Authority Omar Shafi Westwood College Power Vs Authority: Week 3 2 "Authority and power are two different things: power is the force by means of which you can oblige others to obey you. Authority is the right to direct and command‚ to be listened to or obeyed by others. Authority requests power. Power without authority is tyranny." - JACQUES MARITAIN‚ "The Democratic Charter‚" Man and the State. There are
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Multinational corporations have existed since the beginning of overseas trade. They have remained a part of the business scene throughout history‚ entering their modern form in the 17th and 18th centuries with the creation of large‚ European-based monopolistic concerns such as the British East India Company during the age of colonization. Multinational concerns were viewed at that time as agents of civilization and played a pivotal role in the commercial and industrial development of Asia‚ South
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Power and Authority‚ Legitimacy By Stacey Ellis The idea of Authority is to look at two other concepts that give authority its meaning‚ such as power and if that is legitimate. In order to have Authority over something or someone you must have its power and how it is able to influence the person this can be used through manipulation or threats towards them‚ but the power that has a legitimate purpose is if the threats and manipulation is not needed. If you have a government and they are ruling
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of children will always take priory‚ and that all actions must be taken to ensure this. This also allows families to stay together where possible. The children’s act 2004 This act was updated in 2004 to allow the “Every child matters” which is a guidance in which all practises that supervise children and young people has to follow. This act has 5 outcomes and the document includes the following to ensure that every child is a) Be healthily b) Be safe c) Enjoy and achieve through learning d) Makes
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