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In relation to the investing section, the capital expenditure or spending can be duly considered as the most significant item reported by both of the selected companies, as this signifies procuring or improvising the long-term assets that help in determining long-term impacts on their own businesses.
As the report declares the debt to equity ratio is a measure, which is commonly used to determine the amount of debt used to run a business. The ratio simply indicates the amount of debt an entity has on every dollar of equity. The debt to equity ratio is one of the leverage ratios, which firms use to determine their extensive use of debt.
The Brazilian accounting system was specifically designed to generate and provide information to the tax authorities however the country is in the process of adopting the IFRS (Holt, 42). The decision was due to the recent growth of the country’s economy. Challenges to the adoption of IFRS are as a result of the difficulty in changing the mindset and approach which is mandatory in this principle based standards.
The author states that one of the financial theories most relevant to the above case is the real options theory. The real options theory is a critically important new frame work that is increasingly being used in making various investment decisions. The theory particularly modifies the traditional Expect Net Present Value theory.
The payback period of the project should also be determined before accepting the project so that the management may know the duration it will take before accepting the project.
The writer states that banking institutions are at risk of high initial capital investment especially where a huge amount is required to act as security for the customers’ deposits in case of liquidation. He proposes to monitor the operations of all subsidiaries and comply with regulation requirement of the host country when setting up subsidiaries.
The paper analyzes that wealth inequality is the unequal distribution of assets and saving among individuals in a country while income inequality is the extent of uneven distribution of income in the society creating a wide gap between the rich and the poor.
A company can decide to purchase a rival company’s products for review. The information that will be acquired may utilize in developing a product whose quality is similar or even better compared to that of the competitors (Mard, 2004). Benchmarking can aid in increasing a company’s sales and profits.
That indicates that the company is not in a position to meet its current obligations from its current assets. In 2012, the company had a better current ratio of 2.04.
6. The cash flow from operating activities in 2012 is $3,762 million. The
This research paper examines user groups of financial statements of both the organizations and their purposes and analyses the financial information of the organizations from the perspective of user groups. Financial statement or report is referred to a record of financial transactions and other activities.
The founding fathers were familiar with the state’s theory that the accumulation of power by one individual or State’s body was the ultimate threat to autonomy. They projected that Congress would be the major branch of the State. However, James Madison feared that the Congress would have excess power, and this would compromise the national liberty.
As the paper, Liquidity Ratios for GM and Ford, highlights the ratio assesses the company’s ability to pay off its short-term liabilities such as payables, accrued expenses and taxes, current portion of debt and the notes payable readily with its short-term debts such as inventory, marketable securities, receivables, cash, and cash equivalents.
Many CEO tasked with acting for the good of many other decisions to act for their good. In other cases, directors collude with the CEO to act for their own sake. Different institutions must balance the agency's problems. Once a way of offering balance is vetting those to be given authority in organizations.
Users require accurate data that the information security must protect from loss or theft by third parties. It means that an organization wants an information system that is reliable to produce the intended functions. The other way that information security affects information systems reliability is the protection against data failure.
The author states that the main strategy for Wal-Mart is low-cost leadership to attract many customers for the wide selection of merchandise in its stores. According to Fortune Global 500 in 2014, Wal-Mart was the biggest company by revenue and the largest employer in the private sector worldwide.
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The main objective of the research and development department is to find out the foreign source of income and estimate accurately the number of multinationals operating in the United States. The other purpose of research and development department of the US is to estimate the accurate limit of the foreign trade credit.
According to the report one of the most important financial lessons that the author has learnt during my college years is the prudence and importance of building a retirement fund as early as possible because the more years you save, the higher the likelihood of increasing your wealth. The best time to start saving is during your early twenties.
Information asymmetry refers to a situation in which there is imperfect knowledge. It is a big problem in financial markets. The borrower tends to have much better information about their financial status than the lender, and the lender is difficulty in knowing if the borrower will ultimately default.
Capital budgeting is important for several reasons. First, when making the decision to procure assets, managers are required to forecast the revenue of the assets over their lifetime. Second, provided with the duration of the organization’s projects, capital budgeting decisions eventually define the organization’s strategic plan.
A statement of cash flow is a financial report that outlines and details the sources of an organization’s cash and the manner in which it is spent in a given period and it does not contain any non-cash items such as depreciation. It is a financial statement used in the determination of the short- and medium-term feasibility of an organization.
3. What conclusion can you draw by examining the kurtosis in each case? The kurtosis in each of the returns is greater than three. This means that it is platykurtic distributed. It is flatter than normal distribution and wider at the peak. The probability is less than the normal distribution and it is wider at the mean.
Hence, standardisation for reducing such differences is deemed extremely essential (PricewaterhouseCoopers, 2007). The present study is based upon evaluating the reformation required in accounting and reporting polices, as identified by the ICAEW (Institute of Chartered Accountants in England and Wales).
Managers may use this power to serve their interests There are two ways of linking executive competition and agency problem, which include the optimal contracting approach and the managerial power approach.
The data use will be ending in June 2015. Later, 30different portfolios will be constructed which will entail various weights of the above three chosen three stock companies. This essay will also attempt to determine the expected rate of return as well as the standard deviation for every asset. Every result will be justified and the interpreted.
An income statement, on the other hand, shows how much money a company gained or lost during a particular period. Additionally, it enables managers to determine sources of profits or losses. A balance sheet is a reflection of a company’s assets, liabilities, and shareholders’ equity at the end of a given financial year.
The Coca-Cola Company financial statements are useful in determining how some of the revenues generated by the company should be applied, for the benefit of the company. One of these ways in which the revenues generated by the Coca-Cola Company should be used is to increase the percentage of the common stock repurchased by the company.
Do uncertainties arise in the course of establishing the size of an investment? Technically, evaluating and analyzing these alternatives become valuable and necessary in any circumstance. It is a tangible way of having a constructive approach to solving the uncertainty brought about by these options. How are real options evaluated?
In the year Blackstone approached CMR for a joint business venture, it was going to build forty homes in the next forty months and seventy additional once in the coming year. The partnership also increased chances of the oldest employees to improve their expertise since they were mainly in the residential business.
There are two methods of calculating the inventory turnover. The first one is by dividing the cost of goods with the average inventory while the second is by dividing the sales with the total cost of inventory. The second is mostly used since both the sales and the total cost of inventory are presented at market values.
She is twenty-nine years and had worked with Seleries, a consulting firm for the past 18 months. Martha McCaskey had joined the consulting firm after completing her MBA at Harvard Business School in 1995. Before joining Seleries, McCaskey had worked at a key consumer electronics after graduating from Caltech as an electrical engineer.
We are now interested in measuring the dollar change in the value of the option when the value of the stock changes. This amount is called “Delta” of the option.
The company realized a global volume growth of 2% and their cash operations increased to 10.6 billion dollars (The Coca-Cola Company, 2015). The company’s net operations revenue reduced from 46854 million dollars in 2013 to 45,998 million dollars in 2014. This reflected a 2% reduction in net operations revenue.
In the financial year of 2014, Coca-Cola managed to register a gross profit of 28, 109,000 dollars. After deduction of operational expenses, the company’s net income was 7,098,000 dollars. A global growth in volume of 2% and an increase in cash operations to 10.6 billion dollars were noted in the 2014 financial year.
Ordinarily, the Coca-Cola Company is doing well in general. The Coca-Cola Company falls in the nonalcoholic beverage industry. The ratio of the company has been compared with the overall industry ratio to determine if the Coca-Cola Company is doing well by meeting the average ratios. The company has recorded a significant rise of sales.
The Static Trade-off theory here includes companies that have a bigger threat of facing financial crisis have a propensity of borrowing lower than companies having lesser financial crisis risk. Moreover, financial crisis expenses aren’t similar for every company, because such expenses rely basically on the assets of the organization.
According to the report International Business Machines business lines are mainly Software Group, Storage and Technology Group, and Global Services. The IBM Global Services also has business lines that include the Integrated Technology Services, Strategic Outsourcing and Business Consulting Services.
Transaction / Adjustment Bonds payable with a face amount of $15,000 are issued at par. At the end of December the company accrues the interest that is payable on the bonds issued in (a) On Mar. 1 the company pays the interest on the bonds Bonds payable with a face amount of $10,000 are issued at a price of 99.
The author maintains that the audit failures and deficiencies in the practice have become rampant to the extent that it may be questioned whether auditors apply skepticism when performing the audit work. Although all the auditors may approach the audit of financial statements from a skeptical dimension.
Therefore, its computation will be as follows; = 12*3.2 $ =38.4M MV0= 38.4/ (1.25) ^5= 12.58 The % of the venture to be given up= Venture capital needed/ MV0 1.5/12.58=18.9%
It is essential to state that the company history and product information was obtained from the company website. Further information about the company was obtained from a book about Coca-Cola company. Coca-Cola's SEC filings were obtained from the US Securities and Exchange Commission's official website.
The internal controls also prevent fraud by ensuring that the company staff follows the management practices accordingly. Internal controls are crucial to all businesses irrespective of size. Accountants and business auditors apply internal controls to test the firm's overall compliance with managerial practices.
Capilano Honey Limited (CZZ), founded in 1953, is an Australian-based organization. The company is involved in the packing of honey especially for export and domestic sales (Capilano, 2015). It is regarded as one of the leading suppliers of honey, thereby enjoying the reputation for superior quality honey, product innovation, and best practices.
The correlation and covariance of stock returns of AMP and QBE helped to determine the amount that the investor can expect by investing in these assets. The changes in value of one asset are compared to another. The correlation between AMP and QBE is less than 1 which signifies that changes in value of one will not affect the other stock. In other words, if the stocks of AMP are low, then its effects will be nullified by increase in stocks of QBE.
The author states that the main goal of the firm is to maximize revenue. This is the main driving force of any business. Although there are other goals such as capturing more market share, and increasing the firm’s sales. Greed help allocate investment capital in an economy by overcoming the fear of taking risks.