How has PCAOB impacted Waste Management? Give the functions and responsibilities of the Public Company Accounting Oversight Board (PCAOB) and how has PCAOB impacted Waste Management? Write an annotated bibliography of the 12 or more resources you have identified. Describe each resource and assess its value in 1 to 2 paragrap
Diamond Machine Technology makes a tool for sharpening the blades of pruning sheers and grass clippers. The company has invested $250,000 in developing this sharpener, which it would like to make back in the first year. This tool is about the size of a piece of chewing gum and costs $3 to make. Fixed costs for the sharpener are
See the attached file. Consider the following scenario: Hickman Savings and Loan is concerned that market conditions might cause the short-term yield curve to be higher than the long-term yield curve. This negative yield curve means that long-term interest rates are lower than short-term rates. This will cause the bank to sh
Being a financial manager of a large firm, you need $70 million over the next year. What are the more likely alternatives for you to borrow or raise $70 million? What are the issues that would surround your final decision of where and how to raise these funds? Compare and contrast the various options available to you in the
we assumed that you have $100,000 in your bank account that can be invested. Suppose you invested your $100,000 in the shares of the Nike Inc. (NKE) (http://www.nikebiz.com/; http://money.cnn.com/quote/quote.html?symb=NKE). Based on your current situation, your portfolio cannot be considered a "diversified portfolio" because you
Zero Inflation? Most economists and financial analysts generally agree that inflation is a bad thing and should be kept to a minimum. But should inflation be zero? This is an entirely different matter subject to much debate. Read the articles below and do some of your own research in the Cyber Library and/or Internet
5. Vessels Corporation's net income for the most recent year was $2,532,000. A total of 200,000 shares of common stock and 200,000 shares of preferred stock were outstanding throughout the year. Dividends on common stock were $3.80 per share and dividends on preferred stock were $1.25 per share. The earnings per share of common
The Booth Company's sales are forecasted to double from $1,000 in 2010 to $2,000 in 2011. Here is the December 31, 2010, balance sheet. Cash $100 Accounts payable $50 Accounts receivable $200 Notes payable $150 Inventories $200 Accurals
A chain of appliance stores, APP Corporation, purchases inventory with a net price of $500,000 each day. The company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP?
Why are the Greeks having so much financial trouble?
Refer to "Static and Flexible Budgets, An Example." In the example of the walk-in clinic, if you had the option of retaining the nurse practitioner on a salary, what salary would you offer? Why?
Attached you will find an excel format. Please answer the questions below with an explanation. Cash Flow Statement for Year ended March 31, 2007 Operating Activities Net Income 2,50,000 Depreciation 90,000 Amortization 40,000 Gain on sale of restaurant -1,20,000 Loss on sale of equipmen
Corporate Finance a. Calculate the dollar amount of acceptable accounts receivable collateral held by Springer Products. b. The bank reduces collateral by 10% for returns and allowances. What is the level of acceptable collateral under this condition? c. The bank will advance 75% against the firms acceptable collateral (after adjusting for returns and allowances). What amount can Springer borrow against these accounts?
1) Springer Products wishes to borrow $80,000 from a local bank using its accounts receivable to secure the loan. The banks policy is to accept as collateral any accounts that are normally paid within 30 days of the end of the credit period, as long as the average age of the account is not greater than the customers average pay
Topic: Disclosures required in various situations. A 10-year loan agreement which the company entered into 3 years ago, provides that dividend payments may not exceed net income earned after taxes subsequent to the date of the agreement. The balance of retained earnings at the date of the loan agreement was $420,000. From that date through December 31, 2011, net income after taxes has totaled $570,000 and cash dividends have totaled $320,000. On the basis of these data, the staff auditor assigned to this review concluded that there was no retained earnings restriction at December 31, 2011. We are to discuss any additional disclosures in the financial statements and notes that the auditor should recommend to the client. Can you provide some direction on how to do this or give an example?
Topic: Disclosures required in various situations. A 10-year loan agreement which the company entered into 3 years ago, provides that dividend payments may not exceed net income earned after taxes subsequent to the date of the agreement. The balance of retained earnings at the date of the loan agreement was $420,000. From t
Please help answer the following questions. Provide at least 200 words in the solution. What are some common goals for financial managers? How do goals of a non-profit organization's financial manager differ from goals of a for-profit organization's financial manager?
You are the newly appointed President of the local Chamber of Commerce. You are making your first presentation to the Chamber and want to make a good first impression. Your presentation will be based on the following topic, purpose, and audience. â?¢Topic: Expected U.S. GDP growth rate going forward â?¢Audience: Loca
Search the internet for a Medicaid program and select the state in which you reside and another state for comparison. Complete the attached matrix describing how your state's Medicaid program is administered. Included in the matrix is: The oversight agency; Funding for the program; The state's Medicaid fiscal agent and
Public Stewardship Paper Locate an Article on fiscal management summarize findings including reccommendations. Also include the importance of responsible public stewardship.
How does a company decide whether to issue bonds or preferred stock?
Pistachio, Inc. is thinking of building a bakery to introduce French cookies, so-called macarons, to the Newark market. A preliminary marketing study, which cost $75,000 and which was completed last year, showed a significant demand for macarons in the Newark area. The bakery is expected to last for 25 years. Its initial cost is
If a project's expenditure is $15 million, can you estimate the projects' net present value if capital is 5%, 10%, 15% at 1yr $5,000,000, 2yr $10,000,000, and 3yr at $20,000,000. Show me step by step so I can understand how to get the NPV.
InBev, one of the world's largest beverage producer, marketer and distributor made a very significant expansion internationally in 2008/9. What did they do? How did they increase their "global footprint"? Was it successful up to this point? What has happened since then in terms of the footprint? How's the "marriage' these days?
Here are stock market and Treasury bill percentage returns between 2006 and 2010: Year Stock Market Return T-Bill Return 2006 17.27 6.30 2007 7.41
Discuss why one should use caution when using financial ratios for analyzing a healthcare organization's current financial position and future viability. Provide examples of a hypothetical healthcare organization' ratios to support your discussion.
The following are account balances on December 31, 2011 for I.C. Optometry (in alphabetical order): Accounts Payable $ 30,000 Accounts Receivable, Net $ 80,000 Cash $ 16,000 Equity (January 1, 2011) $128,000 Expenses (includes taxes) $390,000 Inventory $ 62,000 Long-term Debt $ 70,000 Long-term Investments $ 20,000 Ne
In a genetics experiment on peas, one sample of offspring contained 410 green peas and 121 yellow peas. Based on those results, estimate the probability of getting an offspring pea that is green. Is the result reasonably close to the value of 3/4 that was expected? The probability of getting a green pea is approximately _____
"The federal open market committee (fomc) meets about every six weeks to assess the state of the economy and to decide what actions the central bank should take. The minutes of this meeting are released three weeks after the meeting; however, a brief press release is made available immediately. Find the schedule of minutes and p
Lee Financial Services pays employees monthly. Payroll information is listed below for January 2011, the first month of Lee's fiscal year. Assume that none of the employees exceeded any relevant wage base. Salaries $ 452,000 Federal income taxes to be withheld 90,400 Federal unemployment tax rate 0.80% State unemployme
The Robinson Company has the following current assets and current liabilities for these two years: 2010 2011 Cash and marketable securities $ 50,000 $ 50,000 Accounts receivable 300,000 350,000 Inventories 350,000 500,000 Total current assets $700,000 $900,000 Accounts payable $200,000 $250,000 Bank loan 0 150,000 Accru
You own stock in the Lewis-Striden Drug Company. Suppose you had expected the following events to occur last month: a. The government would announce that real GNP had grown 1.2 percent during the previous quarter. The returns of Lewis-Striden are positively related to real GNP. b. The government would announce that inf