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Taylor Manufacturing entered into a borrowing arrangement that requires the company to maintain a retained earnings balance of $500,000. The company also wishes to finance internally a major plant addition in the not-too-distant future. Accordingly, the board of directors has decided to appropriate $350,000 of the retained earnings balance. Prior to the board's action, the balance in the retained earnings account was $800,000.
a. Why would the board of directors appropriate retained earnings in the situation described above, and why might an auditor insist that it be done?
b. Show how retained earnings would be disclosed on the balance sheet after the appropriation.
c. Discuss the constraints with respect to dividend payments that have been imposed on the board by the debt covenant and the appropriation.
FIN60003 - Directors of companies have an obligation to act in the best interests of the company. Elaborate on how the court approach this duty and explain whether the corporations law in Australia has made this duty onerous.
your firm purchased machinery with a 7-year macrs life for 10 million. the project however will end after 5 years. if
Demonstrate the Cash book, Journal passages and set up the Balance sheet of the organization.
Calculate the multifactor productivity for this operation in fees generated per dollar of input.
You are definitely going to see many from top tier colleges but there are many more who made into the Investment Banking analyst roles having attended lesser known colleges.
Subsequent annual cash flows will grow at 5 percent in perpetuity. What is the present value of the technology if the discount rate is 15 percent?
Mary will make one more $500 deposit one year from today. If Mary closes the account right after she makes the last deposit, how much will this account be worth at that time?
Prepare the pro forma cash flow statements for Bloomington Clinics
The Elvis Alive Corporation, makers of Elvis memorabilia, has a beta of 2.35. The return on the market portfolio is 13%, and the risk-free rate is 7%. According to CAPM, what is the risk premium on a stock with a beta of 1.0?
Explain the difference between a long hedge and a short hedge used by financial institutions. - When is a long hedge more appropriate than a short hedge?
skinner industriesskinner industries from conway north carolina has found an exclusive market in supplementary
What is the nature of the B2B transactions that are carried out (e.g., ordering supplies, making financial transactions)? What technical architecture supports these transactions?
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