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Khaled company facing its first annual net loss as the end of the year approached and he is under the pressure from the company's creditors to report positive net income for the year. He told the controller to record the $ 10,000 incoming bank loan as a revenue instead of a loan. That would nudge the company's income into positive territory for the year, and then, he said, the entry could be corrected in January when the loan was repaid.
Requirements:
1- How this action affect the year-end income statement? How would it affect the year-end balance sheet?
2- If you were one of the company's creditors, how would this fraudulent action affect you?
A firm purchased a machine for $300,000 at the end of Year 0 which generated revenue of $24,000 at the end of each month and incurred operating expenses of $11,000 at the end of each month of use. The machine was used for 4 years and sold at the end ..
Suppose you receive a $100,000 inheritance in 20 years. You can invest that money today at 6 percent compounded annually. Determine the present value of your inheritance?
Explain what is meant by business risk and financial risk. Suppose Firm A has greater business risk than Firm B. Is it true that Firm A also ha a higher cost of equity capital? Explain.
If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the load and bankruptcy will result. What is Manor's TIE ratio?
the shadow banking system has become larger and more important to the us economy than the traditional banking system.
Determine the five-year equivalant annual annuity of the following poject if the appropriate discount rate is 16%.
options. you can buy xz company stock at 30 a share or 3000 for 100 shares. you can acquire a 33 3-month call for 400.
Suppose you have an asset that costs $9 in time period zero and has an IRR of 16%. With a retained earning rate of 5% on your remaining $7, what is the highest loan rate that would support investing in this asset?
conch republic electronics is a mid sized electronics manufacturer located in key west florida. the company president
jiminy cricket removal has a profit margin of 9 percent total asset turnover of 1.15 and roe of 14.31
describe why it is not usually appropriate to use the coupon rate on a firms bonds to estimate the pretax cost of debt
is it easier to maximize value to shareholders with capital constraints by moving capital between the affiliates of am
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