Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Discount Computers is in its second year of business providing computer repair services in the local community and reselling used computers on the Internet. The company is owned by 10 investors, each investing $100,000. Justin Lake was hired as president and CEO, with one stipulation: He would receive no salary unless the company achieved annual operating cash flows exceeding $200,000. If the $200,000 was achieved, Justin would receive a $100,000 bonus, and each of the 10 investors would receive a dividend of $10,000. At the end of the year, Justin had Nicole Roberts, one of the business interns from the local college, calculate a preliminary statement of cash flows. Operating cash flows were $185,000. Justin carefully looked over the calculations that night and then met with Nicole in the morning. Justin starts out: "Nicole, you did an excellent job in preparing the statement of cash flows. The only change I could find is that we need to move the $25,000 increase in notes payable to the bank from financing activities to operating activities. We borrowed that money three months ago and plan to pay it back within a year. After you finish the changes, round up the rest of the interns. Lunch is on me."
Required: Do you agree with the change recommended by Justin Lake? Is there anything unethical about his actions? What should Nicole do in this situation?
Mucro Ltd is expecting to pay out a dividend of $2.50 next year. After that it expects its dividend to grow at 7 percent for the next four years. What is the present value of dividends over the next five-year period if the required rate of return ..
However, it could forgo the discounts, pay on the 90th day, and thereby obtain the needed $500,000 in the form of costly trade credit. What is the effective annual interest rate of this trade credit?
a stock is currently selling for 54 per share. a call option with an exercise price of 55 sells for 3.10 and expires
Record the accompanying exchanges in the diagnostic insignificant money book of Mr.Manoharan. Equalization the book on 6th May, 2003. Give Journal sections and post the equalizations to concerned record accounts
What volatility smile is likely to be observed when: - Both tails of the stock price distribution are less heavy than those of the lognormal distribution?
burt and emily gordon are a married couple in their mid-20s. burt has a good start as a bank manager and emily works as
boisjoly watch imports has agreed to purchase 15000 swiss watches for 1 million francs at todays spot rate. the firms
The Smith Company disclosed $1.2 million as extraordinary loss on its internal income statement this year. The footnotes to financial statements disclose following occurrences this year:
As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R$1.95/$. The consensus forecast for the U.S. and Brazil inflation rates for the next 1-year period is 2.6% and 20.0%, respectively. What would you forecast th..
Sony's stock price at the end of last year was $23.50 and its earnings per share for the year were $1.30. What was its PE ratio?
What does it mean for a company to "thin" its inventories? How would such a business practice aid a company during an economic recession?
Assume you know that someone invested $1,500 in the Ec140 mutual fund 10-years ago, Now you learn that their balance in the fund has increase to $9,245.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd