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!
1. Financial Forecasts an article in Barron's noted the following. Okay. Last fall, someone with a long memory and an even longer arm reached into that bureau drawer and came out with a moldy cheese sandwich and the equally moldy notion of corporate forecasts. We tried to find out what happened to the cheese sandwich-but, rats!, even recourse to the Freedom of Information Act didn't help. However, the forecast proposal was dusted off, polished up and found quite serviceable. The SEC, indeed, lost no time in running it up the old flagpole-but no one was very eager to salute. Even after some of the more objectionable features-compulsory corrections and detailed explanations of why the estimates went awry-were peeled off the original proposal. Seemingly, despite the Commission's smiles and sweet talk, those craven corporations were still afraid that an honest mistake would lead them down the primrose path to consent decrees and class action suits. To lay to rest such qualms, the Commission last week approved a "Safe Harbor" rule that, providing the forecasts were made on a reasonable basis and in good faith, protected corporations from litigation should the projections prove wide of the mark (as only about 99% are apt to do).
(a) What are the arguments for preparing profit forecasts?
(b) What is the purpose of the "safe harbor" rule?
(c) Why are corporations concerned about presenting profit forecasts?
Lowland Appliance replenishes its stock of 52-inch flat-screen TVs three times a year. Each order takes 1/9 of a year to arrive. Annual demand for these TVs follows a normal distribution with a mean of 990 and a standard deviation of 40.
Write a 200-word summary regarding IFRS versus GAAP. The summary should be structured in a subject-by-subject format. . Your discussion should include the answers to the following:
university car wash built a deluxe car wash across the street from campus. the new machines cost 240000 including
Determine whether reliable control exists.
at the time of his death on july 9 2012 aden was involved in the following real estate. fair market value on july 9
Prepare Prescrip's December 31, 2013, adjusting entry to reflect any necessary fair value adjustment for theseinvestments.
The Tijama Manufacturing Company has determined the cost of manufacturing a unit of product to be as follows, based on normal production of 50,000 units per year: Direct materials $20.00 Direct labor 15.00 Variable factory overhead 10.00 $45.00 Fi..
as the accounts payable manager you have always been able to negotiate low interest rates when you borrow money to
Also, some new working capital would be required, but it would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's NPV?
superior door company sells pre-hung doors to home builders. the doors are sold for 60 each. variable costs are 42 per
What is the current environment regarding revenue recognition? When is revenue usually recognized? What conditions should exist for the recognition at date of sale for all or part of the revenue and income from the sale transaction? When is revenu..
two grams of musk oil are required for each bottle of mink caress a very popular perfume made by a small company in
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