...CHAPTER 13 NON-FINANCIAL AND Current liabilitieS SOLUTIONS TO EXERCISES EXERCISE 13-1 (10-15 minutes) (a) Classifications on balance sheet prepared under ASPE: |1. |Current liability; financial liability. | |2. |Current asset. | |3. |Current liability or long-term liability depending on term of warranty; not a financial liability. | |4. |Current liability; financial liability. A company would have an obligation to pay cash to the bank for any overdraft and this | | |would result from the contractual agreement with the bank. | |5. |Current liability; not a financial liability if this refers to income tax withholdings, CPP and EI. This is a financial liability | | |if it refers to other withholdings of a contractual nature with employees (union dues, for example). | |6. |Current liability; financial liability. | |7. |Current or noncurrent liability depending upon the time involved; not a financial liability (if deposit will be returned then it | | |would...
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...Ch13 Tool Kit.xlsx Corporate Valuation 4/11/2010 Chapter 13. Tool Kit for Corporate Valuation, Value-Based Management and Corporate Governance This spreadsheet has two major components, one for Corporate Valuation and one for Value Based Management. Click on the tabs in the lower left of the screen to switch between sections. The value of a company is the sum of: (1) the value of its assets-in-place, including their associated growth opportunities, which is called the value of operations and (2) the value of its nonoperating assets, such as marketable securities and investments in non-controlled affiliates. The value of operations is the present value of the free cash flows produced by the assets-in-place and their associated growth opportunities. THE CORPORATE VALUATION MODEL (Section 13.2) You are given the current and projected financial statements of MagnaVision. Growth is expected to be 5% for each year after the projections. If the WACC is 10.84%, what is the value of operations? INPUT DATA SECTION: Current and Projected Data Used in the Analysis Table 13-1. MagnaVision, Inc.: Income Statements for Years Ending December 31 (in millions of dollars) Actual Projected 2010 2011 2012 2013 2014 $850.0 $1,000.0 $1,100.0 $1,155.0 Net Sales $700.0 Costs (except depreciation) $599.0 $734.0 $911.0 $935.0 $982.0 Depreciation 28.0 31.0 34.0 36.0 38.0 Total operating costs $627.0 $765.0 $945.0 $971.0 $1,020.0 Earning before int. & tax $73.0 $85.0 $55.0 $129.0 $135.0...
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...network and baseline information below, complete the form to develop a status report for the project at the end of period 4 and the end of period 8. From the data you have collected and computed for periods 4 and 8, what information are you prepared to tell the customer about the status of the project at the end of period 8? (See template below for Exercise 13-3) Ch13 Ex1,2,3,4 Templates EV.doc 1 of 6 10/10/2011 12:31 PM Earned Value Exercises Ch13 Ex1,2,3,4 Templates EV.doc 2 of 6 10/10/2011 12:31 PM Earned Value Exercises End of Period 4 Task Actual % Complete A B C D E Finished 50% 33% 0% 0% EV ____ ____ ____ ____ ____ ____ AC 300 1000 500 0 0 ____ PV 400 800 600 ____ ____ ____ CV ____ ____ ____ ____ ____ ____ SV ____ ____ ____ ____ ____ ____ Cumulative Totals End of Period 8 Task A B C D E F Actual % Complete Finished Finished Finished 25% 33% 0% Cumulative Totals EV ____ ____ ____ ____ ____ ____ ____ AC 300 2200 1500 300 300 0 ____ PV 400 2400 1500 0 ____ ____ ____ CV ____ ____ ____ ____ ____ ____ ____ SV ____ ____ ____ ____ ____ ____ ____ Ch13 Ex1,2,3,4 Templates EV.doc 3 of 6 10/10/2011 12:31 PM Earned Value Exercises 4. Given the following project network, baseline, and status information, develop status reports for periods 2, 4, 6, 8 and complete the performance indexes table. Calculate the EACf and the VACf. Based on your data, what is your assessment of the current...
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...8/9/13 [Economy Q] Why use GDP (nominal) instead of GDP (PPP) when comparing two nations? « Mrunal HOME ECONOMY MAY 30TH, 2012 2 COMMENTS [Economy Q] Why use GDP (nominal) instead of GDP (PPP) when comparing two nations? After the previous question regarding GDP (at purchasing power parity) between Japan and China, Tarun asked, i have a query why GDP (ppp) is not used often to measure worth of countries as it give real picture than using GDP (Nominal terms) Answer For example: In India majority of people are poor, and receive subsidized grains (like 1 kilo rice for 3 Rs, kerosene etc. from PDS shops. In America poor people are supported by Government by food stamps and social security cheques. Now comparing two nations, GDP (PPP) wise, Obviously majority of Indians are poor, and majority of them get cheap- subsidized stuff, the purchasing power parity of India may look better than Americans. But does it really mean India is financially more powerful than America just because Indians can buy more stuff in local market compared to Americans? No, because financial activity is not limited to local market. We’ve to import crude oil from Middle east and buy jet-planes, missiles from Russia,France and Israel. We’ve buy pulses and onions from Africa and Pakistan(!), Those people are not going to sell us stuff with subsidy in Rupees, like we get in our local market. They’ll ask hard dollars (or gold or diamonds) as payment. So there, in international market, America...
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...8/6/2014 Print Property: Personal, Intellectual, and Real Learning Objectives 11 After studying this chapter, you will be able to: 1. Distinguish between personal, intellectual, and real property. 2. Explain how personal property is acquired. 3. Discuss the definition and significance of bailments. 4. Define different types of tenancies in real property. 5. Discuss the concept of eminent domain. Ryan McVay/Photodisc/Thinkstock The concept of property and ownership is one that has long been important in both society in general and law in particular. English philosopher and political theorist John Locke saw it as "the reason why men enter into society," and Walter Lippmann, the American journalist, described it as "the only dependable foundation of personal liberty." Some have gone so far as to say that the main reason for law is to protect property rights. Even if one does not subscribe to such a narrow purpose, there is no doubt that the law is much concerned with property and rights of ownership. Property can be defined as the right of an individual to exclusively possess, use, and dispose of anything that is capable of being owned. Broadly speaking, property can be divided into three separate types: personal property, intellectual property, and real property. Personal property is characterized by its portable nature; it can be carried from place to place. Furthermore, personal property can be either tangible or intangible. Tangible personal property encompasses...
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...Accounting Information System Requirements XACC/210 The requirements for developing an accounting information system are not unlike the design of an IT system. There are specific steps to adhere to in order to have a successful outcome. 1. Planning and investigation- It is important to determine what is required by each individual company in order to be successful. A company cannot skip this step and jump into a new system. The outcome would surely fail. 2. Analysis- It is important to take a broader view of current systems to determine what is working and what parts of the system need to change in order to be successful. 3. Design- After step one and two have been achieved, designing the new accounting system is the next logical step in order to realize the company vision. 4. Implementation, maintenance, and follow-up- Next, the company will try the new system out, make the necessary adjustments as time goes by, and ensure that things are working as they were designed to work. The accountant’s role in this process is to advise the company what elements are needed to have an accounting system that will allow them to effectively bring the needed information to the company that is needs in order to maintain a profitable business. They know what type of programs that are effective for general accounting purposes, spreadsheets etc. This knowledge and advice an accountant gives is a vital part of the planning and investigation an organization needs to...
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...Problems 1 and 5 ACC 560 WK 4 Quiz 4 ACC 560 WK 5 HW Ch07 - Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 WK 5 HW Ch08 - Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 WK 5 Quiz 5 ACC 560 WK 5 Quiz 6 ACC 560 WK 6 HW Ch09 - Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 WK 6 HW Ch10 - Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 WK 6 Quiz 7 ACC 560 WK 6 Quiz 8 ACC 560 WK 7 HW Ch11 - Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 WK 7 Quiz 9 ACC 560 WK 7 Quiz 10 ACC 560 WK 8 HW Ch12 - Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 WK 8 Quiz 11 ACC 560 Complete Class Chapter Problems, Quizzes and Assignments ACC 560 WK 9 Assignment 2 - Johnson Controls Capital Investments ACC 560 WK 9 HW Ch13 - Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560 WK 9 Quiz 12 ACC 560 WK 10 HW Ch14 - Exercises 1, 3, 9, and 13, Problems 1 and 6 ACC 560 WK 10 Quiz 13 ACC 560 WK 11 Quiz...
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...1) Explain why the Consumption and Production distortions are indeed a loss to society, and what is wrong with the logic that leads to the apparent paradox. The two deadweight triangles associated with the graphical analysis of a tariff are the Consumption distortion and Production distortion losses. It is easy to understand why the Consumption distortion constitutes a loss for society. After all it raises the prices of goods to consumers, and even causes some consumers to drop out of the market altogether. It seems paradoxical that the Production distortion is considered an equivalent burden on society. After all, in this case, profits increase, and additional production (with its associated employment) comes on line. This would seem to be an offset rather than an addition to the burden or loss borne by society. Explain why the Production distortion is indeed a loss to society, and what is wrong with the logic that leads to the apparent paradox. [4] Answer: The Production distortion is a loss to society because it constitutes a loss to consumer surplus, which is not recouped by any other group in society. The actual triangle here represents an inefficient shift of society’s resources to produce a good, which it could not sell profitably at world prices. The basic point here is that the country ends up producing more than it should at the free trade equilibrium 2) The U.S. producer Boeing, and the European Airbus are contemplating...
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...Ch13 Q3. Pick two countries and discuss the cultural differences in how people might use verbal negotiating tactics. A: In Brazil, direct communication is favored, because “interruption” and “refusal” scores high in the graph. If Brazilian did not agree, they will not hesitate to let you know. However, in Japan, indirect commutation seems the right thing to do. Japanese tend to be more “Commit” “Promise” and “Recommend.” That means they agree to do something specific and eager to exchange benefit (if you do something for me, I will do something for you) instead of direct refuse your proposal. Q8 Discuss each step of the seven stages of negotiation. Which stage do you feel is the most important? Why? A: Step1: Preparation, before the negotiations, the well-prepared international negotiator gathers extensive information on the negotiation issues, on the setting in which the negotiation take place. Experts on international negotiation identify numerous essential questions and issues to consider before the negotiations. Step2. Building the relationship, at this step, Negotiators do not focus on the business issues but rather focus on social and interpersonal issue. They develop opinions regarding to the personalities of the negotiators. Step3. Exchanging information and the first offer, at this stage, both parties exchange information on their needs for the agreement. Both sides usually present their first offer, which is their first proposal of what they expect from...
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...of the invited participants. 2. First thing is to pay attention during the meeting. As a leader you need to be in control of the meeting, to be creative, communicative, and contributive. The summary of accomplishments or wrap up stage is very helpful to review and summarize the key points which are discussed. By summarizing each point before moving to the next one, you help ensure that everyone is in agreement, remain focused, and scribe takes clear meeting notes. 3. After the meeting you are going to prepare for the next one. This means you have to prepare new agenda for next meeting, send out checkpoint memos or e-mails, especially if external team issues may impact the team`s objective or aboility to achieve the goals set. CH13 1. I think that it is possible to help this team. I think they should all focus on their own work and what they suppose to do, and everything is going to be fine. At the end they just need to put everything together 2. First I would name one person to be a leader of the group, and one observer, so everything can be under control. Then I would get agreement from every member if they agree with certain alternatives. It is very important to have win-win attitude and be positive the whole time. If something goes wrong we should all brainstorm about the problem. 3. This would have great impact on the team, since all members are working individually. We should try...
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...Discussion 1: Decision support system refers to the computer applications which help in analyzing the business data so as to facilitate the business decision process. For example, it helps in carrying out the comparative analysis of the sales figures for the specific period of time, forecasting the demand, projecting the project revenues, identifying workers productivity and analyzing different decisions with respect to its consequences. It presents the information in the graphical form and may include expert systems like artificial intelligence. It is an interactive software based system which helps in compiling huge amount of information such that the information helps in taking decisions, better learning and timely problem solving. References: 1. http://www.informationbuilders.com/decision-support-systems-dss 2. http://searchcio.techtarget.com/definition/decision-support-system Discussion 2: Management Information System (MIS) and Decision Support System (DSS) are two important terms of business management. MIS helps linking various disciplines in the business and assist in building the communication among the corporate people, while DSS includes analyzing the data so as to reach the effective and efficient decisions. MIS includes gathering of information and facilitates the planning process pertaining to several functions of management. On the other hand, DSS focuses on leadership and provides innovative vision to the management by enabling them to analyze...
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...Running head: CHANGE MANAGEMENT PLAN PAPER Change Management Plan Paper Greg Russell University of Phoenix Introduction The focus of this paper is on the managing across simulation and the company Good Sport and the culture, structure of Good Sport will be identified and how the culture and structure translates into power and politics. Major Implications and Behaviors to Change In the Building and Sustaining Change Simulation CrysTel senior leadership were trying to increase their product sales and increase their market share and introduce new products. During the simulation the company use surveys an employee satisfaction survey, benchmarking survey and a climate survey. The individual user had to pick, two of the three surveys, these surveys were used to get a feel of how the employers in different departments felt about change and when the surveys were completed it gave management and ideal of where they needed improvement within the organization (Apollo Inc., 2004). Due to external forces CrysTel organization had to implement major changes by trying to increase their products and services due to the competition. There was much concern from senior leadership that the organization were not ready for change so CrysTel decided to analyze every department by use of the surveys and found that their were two departments; the Marketing and Sales department were the weakest and were found to be least susceptible to change. The...
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...Effective Communication Paper Nishele Burnett HCS 325 February 1, 2016 Dr. Hanna Matatyaho Effective Communication Paper An organization model is simply the framework of the organization which includes line of authority, system of tasks, communication channels, reporting relationships, and work flow that connects the various parts of the organization. The model of the organization is motivated by the goals of the business and establishes the way in which business activities are carried out. Health insurance companies is an example of an organization structure. In particular, this paper will discuss the organization structure of Johns Hopkins Health Care LLC, and the ways in which information is shared within the organization. I will also examine the most effective and ineffective ways to share that information. Which Organizational Model Best Describes Your Organization? Johns Hopkins HealthCare LLC (JHHC) is more in detail of a functional structure, which is a structure that organizations utilize to group employees according to a specialized set of roles or tasks. The JHHC organizational model consists of a president, and several vice presidents. Each vice president is responsible for heading different parts of the organization, which includes operations, utilization management, human resources, compliance, and the list goes on. For each vice president, there is a director that is responsible for overseeing the overall operation of the department, and who also...
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... /36.64 30 -<33.16 27.15 \24.56 U=e^sigmasqrt(deltaT)=e.2sqrt(.25)=1.10517 d=e^-sigmasqrt(deltaT)=1/u=0.90484 Upper bound 30*1.10517=33.16 33.16*1.10517=36.64 Lower bound 30*.90484=27.15 27.15*.90484=24.56 p=(e^rdelta*t)-d/u-d=.5378 1-p=.4622 Payoff St^2-750= 36.64^2-750=592.5 30^2-750= 150 24.56^2-750=-146.81 Calculate value of derivative thru nodes B: ([.5378)(592.5)+.4622(150)) e^-.05(.25) C=.5378(150)+.4622(-146.81)e^-.05(.25) A=(.5378(B) + .4622(B) )e^-.05(.25) Payoff 33 = put 36.64 strike price payoff =0 30 strike price payoff = 3 24.56 strike price payoff=8.94 ------------------------------------------------- Black scholes formula ch13. How we can use options to use portfolio insurance e.g. put options Couple formulas 1) determines number of contracts you have to pay, a function of beta Ch . 15 determining strike price Don’t worry about implied divided yields Ch. 16 futures...
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...1 By default, how often does RIP broadcast routing updates?(ch1) Every 30 seconds 2 What is the maximum allowable hop count for RIP? (ch1) 15 3 What are the four areas that are responsible for most of the call failures? (Ch9,T-253)DTMF receivers 4 What has the following responsibilities: system recovery, software upgrades, storage of global routing information, distribution of information to all subsystems, and billing. (ch.9,T-233) Central Processing System (CPS) 5 How can link-state protocols limit the scope of route changes? (ch2) By segmenting the network into area hierarchies 6 What are two characteristics of OSPF? (ch.2) Hierarchical, Open standard 7 One disadvantage of using _________ is that fraudulent calls can be placed using a black box tone generator. Another common problem is the amount of bandwidth used to carry the signaling information. (ch. 10,T-264) Single-Frequency (SF) Signaling 8 Which are the problems with Channel Associated Signaling (CAS)? (ch.10,T-267/8) inability to carry signaling messages with special feature information 9 What could cause the message "RIP: bad version 128 from 160.89.80.43" to be displayed in the output of the debug ip rip command? (ch3,C-75) a. Receiving a malformed packet 10 The output from which command includes the number of packets sent and received. (c. 3,C-75) c. show ip eigrp traffic 11 What are the four most common problems with VoIP services? (ch.11,T-291)Choppiness, Dead air...
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