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!
Fraud Case 8-1
Dylan worked for a propane gas distributor as an accounting clerk in a small Midwestern town. Last winter, his brother Mike lost his job at the machine plant. By January, temperatures were sub-zero, and Mike had run out of money. Dylan saw that Mike's account was overdue, and he knew Mike needed another delivery to heat his home. He decided to credit Mike's account and debit the balance to the parts inventory because he knew the parts manager, the owner's son, was incompetent and would never notice the extra entry. Months went by, and Dylan repeated the process until an auditor ran across the charges by chance. When the owner fired Dylan, he said, "If you had only come to me and told me about Mike's situation, we could have worked something out.
1. What can a business like this do to prevent employee fraud of this kind?
2. What effect would Dylan's actions have on the balance sheet?
3. What effect would Dylan's actions have on the income statement?
4. How much discretion does a business have with regard to accommodating hardship situations?
Variable cost would be 70% of sales revenue, fixed cost excluding depreciation would be $30,000 per year. The marginal tax rate is 40%. The corporate WACC is 11%.
Please show steps on how to calculate answer with a financial calculator.
What is Madison's after tax cost of debt (round at 2 decimal places - such as 1.45%)
Your boss has reviewed your results and has made some comment. He argues that it will be a good decision to issue more debt to market in this current economic situation (as debt will be cheaper than equity). Your answer should be based analysis of..
a treasury note with a maturity of four years carries a nominal rate of interest of 10 percent. in contrast an
rhianna corp. has bonds on the market with 21.5 years to maturity a yield to maturity of 6.80 percent and a current
Discuss capital budget areas that raise concern. Discuss how working capital can be properly obtained and managed for the expansion operation.
1) what should the firm do about dividend policy- be specific, and 2) what can the firm do long-term to protect the organization from corporate raiders?
If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
How would it make someone a more effective global manager under the present circumstances surrounding international dimensions?
However, competitive pressures and increased costs are expected to shrink margins to 11% in years 4 and 5. Taxes will remain at 40% and the WACC for ABC company is 12%.
expected return on stock investment. the common stock of the nicolas corporation is currently selling at 80 per
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