Category Questions Results:
I'm looking for information on applying for Canada small business financing. Would I go into a financial institution to apply for this sort of loan. Do I need to bring my business plan with me. Does it matter if I don't have good credit? Any information would be appreciated!!!
I'm looking to open a small fish and chip take out restaurant in Ontario. I would only need about $5000 to get started. Some kitchen equipment needs replacing/brought up to code.
I'm looking for information on applying for Canada small business financing. Would I go into a financial institution to apply for this sort of loan. Do I need to bring my business plan with me. Does it matter if I don't have good credit? Any information would be appreciated!!!
I'm looking to open a small fish and chip take out restaurant in Ontario. I would only need about $5000 to get started. Some kitchen equipment needs replacing/brought up to code.
1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
Presented below are the financial statements of Weller Company.
WELLER COMPANY
Comparative Balance Sheets
December 31
Assets20082007
Cash$35,000 $20,000
Accounts Receivable33,000 14,000
Merchandise Inventory27,000 20,000
Property, Plant, and Equipment60,000 78,000
Accumulated Depreciation(29,000)(24,000)
Total$126,000 $108,000
Liabilities and Stockholders’ Equity
Accounts Payable$29,000 $15,000
Income Taxes Payable7,000 8,000
Bonds Payable27,000 33,000
Common Stock18,000 14,000
Retained Earnings45,000 38,000
Total$126,000 $108,000
WELLER COMPANY
Income Statement
For the Year Ended December 31, 2008
Sales$242,000
Cost of Goods Sold175,000
Gross Profit67,000
Selling Expenses$18,000
Administrative Expenses6,000 24,000
Income from Operations43,000
Interest Expense3,000
Income Before Income Taxes40,000
Income Tax Expense8,000
Net Income$32,000
Additional data:
1. Dividends declared and paid were$25,000
2. During the year equipment was sold for$8,500 cash. This equipment cost$18,000 originally and had a
book value of$8,500 at the time of sale.
3. All depreciation expense,$14,500 , is in the selling expense category.
4. All sales and purchases are on account.
Instructions:
(a) Prepare a statement of cash flows using the indirect method.
WELLER COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flows from operating activities
TitleAmount
Adjustments to reconcile net income to net cash provided by operating activities
TitleAmount
TitleAmount
TitleAmount
TitleAmount
TitleAmountFormula
Net cash provided by operating activitiesFormula
Cash flows from investing activities
TitleAmount
Cash flows from financing activities
TitleAmount
TitleAmount
TitleAmount
Net cash used by financing activitiesFormula
Net increase in cashFormula
Cash at beginning of periodAmount
Cash at end of periodFormula
(b) Compute free cash flow.
Amount-Amount-Amount=Formula
Presented below are the financial statements of Weller Company.
WELLER COMPANY
Comparative Balance Sheets
December 31
Assets20082007
Cash$35,000 $20,000
Accounts Receivable33,000 14,000
Merchandise Inventory27,000 20,000
Property, Plant, and Equipment60,000 78,000
Accumulated Depreciation(29,000)(24,000)
Total$126,000 $108,000
Liabilities and Stockholders’ Equity
Accounts Payable$29,000 $15,000
Income Taxes Payable7,000 8,000
Bonds Payable27,000 33,000
Common Stock18,000 14,000
Retained Earnings45,000 38,000
Total$126,000 $108,000
WELLER COMPANY
Income Statement
For the Year Ended December 31, 2008
Sales$242,000
Cost of Goods Sold175,000
Gross Profit67,000
Selling Expenses$18,000
Administrative Expenses6,000 24,000
Income from Operations43,000
Interest Expense3,000
Income Before Income Taxes40,000
Income Tax Expense8,000
Net Income$32,000
Additional data:
1. Dividends declared and paid were$25,000
2. During the year equipment was sold for$8,500 cash. This equipment cost$18,000 originally and had a
book value of$8,500 at the time of sale.
3. All depreciation expense,$14,500 , is in the selling expense category.
4. All sales and purchases are on account.
Instructions:
(a) Prepare a statement of cash flows using the indirect method.
WELLER COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flows from operating activities
TitleAmount
Adjustments to reconcile net income to net cash provided by operating activities
TitleAmount
TitleAmount
TitleAmount
TitleAmount
TitleAmountFormula
Net cash provided by operating activitiesFormula
Cash flows from investing activities
TitleAmount
Cash flows from financing activities
TitleAmount
TitleAmount
TitleAmount
Net cash used by financing activitiesFormula
Net increase in cashFormula
Cash at beginning of periodAmount
Cash at end of periodFormula
(b) Compute free cash flow.
Amount-Amount-Amount=Formula
1. COMPLETE WITHIN 1 HOUR 30 MINUTES ONLY
2. ONLY POST CORRECT RESPONSE
1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock?
$37.50
$40.13
$42.59
$44.81
12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock?
8%
9%
10
1. COMPLETE WITHIN 1 HOUR 30 MINUTES ONLY
2. ONLY POST CORRECT RESPONSE
1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock?
$37.50
$40.13
$42.59
$44.81
12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock?
8%
9%
10
1. An asset whose value is derived from the value of some other underlying real or financial asset best escribes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock?
$37.50
$40.13
$42.59
$44.81
12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock?
8%
9%
10%
11%
13. Which of the following statements is correct?
A company wi
1. An asset whose value is derived from the value of some other underlying real or financial asset best escribes a(n)
Financial instrument.
Property, plant, and equipment.
Derivative security.
Current assets.
2. Which of the following best characterizes globalization?
Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
Can threaten the economic independence of nations and their cultural traditions.
Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations’ project on transnational corporations.
Only statements a and b are correct.
3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will
Appreciate against the U.S. dollar.
Depreciate against the U.S. dollar.
Remain unchanged against the U.S. dollar.
Appreciate against other major currencies.
4. What is the common currency of the EMU?
U.S. dollar.
British pound.
Euro.
French franc.
5. As a counterargument against the prevailing theory of international trade in the late 18th century, Adam Smith expounded a new theory that today we call
The theory of comparative advantage.
The theory of mercantilism.
The theory of absolute advantage.
The theory of product life cycles.
6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive?
Seeking political safety.
Seeking production efficiency.
Seeking input resources.
Seeking markets.
7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance?
The company issued new common stock.
The company issued new long-term debt.
The company paid off some of its assets.
The company purchased a lot of new fixed assets.
8. Which of the following statements is most correct?
Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated.
Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held.
A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds.
Only statements a and b are correct.
9. Regarding translation methodologies, which of the following statements are correct?
The current spot exchange rate is always used to translate monetary assets and liabilities in all permitted translation methods.
Equity accounts are always translated at a weighted average historical exchange rate in all permitted translation methods.
The current rate method for translating financial statements almost always results in a net asset exposure.
All of the statements above are correct.
10. Eurobonds differ from foreign bonds in all the following ways except
Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets.
Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued
Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded.
Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.
11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock?
$37.50
$40.13
$42.59
$44.81
12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock?
8%
9%
10%
11%
13. Which of the following statements is correct?
A company wi
I will be graduating with a bachelor's degree in Communication from Indonesia in mid 2011, and I have a pending permanent residency for Canada which I must activate by 2012. My city of preference would be Vancouver, but I really am willing to consider anywhere in Canada. My current GPA is 3.61, and I'm planning to get a scholarship, or at least financial assistance which I can supplement by working in Canada.
I am looking for information on a postgraduate program about community development in developing countries; how geography, the sociopoliticocultural climate, and the education of those countries impact the advancement of those nations; and how international organizations and foreign relations with developed countries can help the advancement of those developing countries. In terms of prerequisite, I'd imagine that communication will be a widely used discipline in this kind of studies; plus in my current bachelor's program I have studied subjects like anthropology, sociology, intercultural communication, psychology, Napoleonic law, and politics. I'd eventually want to split my residence between Indonesia and Canada, conducting community development projects in Indonesia by means of education, vocational equipment of young people, and small business development among competent adults.
If possible, I'd prefer to not have to ask my parents to pay for anything; which means that I will need to work when I come to Canada. I've been informed of "co-op" programs where international students can come to study postgrad at a Canadian college while working on an internship program and getting paid for it; and if I need more money still, I can apply for additional work on campus or find a scholarship.
I'm setting a goal to come to Canada by September 2011. The Canadian Education Services International in Jakarta has told me to prepare mainly a TOEFL or IELTS test, my latest transcript from my current bachelor program, and a college and program in mind; which I will undoubtedly prepare ASAP.
In terms of finance, how should I prepare? I've been told that an international student in Canada should expect to spend about CA$800-CA$1000 per month, including room and board, transportation, books, health insurance etc. So I'm assuming that from here at least I should prepare airline tickets, the first installment of tuition fees, living funds for the first month or two and settle with the co-op program to make sure that I have a job as soon as I arrive there? How does this work out? How much could I make on co-op, and what kind of work would it be? How much could I make on campus work, say assisting professors in classes or research? If my program is only about a year, what can I do to get a good scholarship or financial assistance, say within the first three months I arrive in Canada? Any ideas how I can plan a well thought out financial strategy between now and February 2011?
Thanks Lisa. I've been told that $CA800-1000 is about an all-in budget for a student living on campus in the dorm, but I wouldn't know. What do you say is a reasonable student budget for Vancouver, and would co-op and/or on-campus work assistance cover that? What are some other things that I will have to take into account in planning my finances to go study in Canada by next year?
I will be graduating with a bachelor's degree in Communication from Indonesia in mid 2011, and I have a pending permanent residency for Canada which I must activate by 2012. My city of preference would be Vancouver, but I really am willing to consider anywhere in Canada. My current GPA is 3.61, and I'm planning to get a scholarship, or at least financial assistance which I can supplement by working in Canada.
I am looking for information on a postgraduate program about community development in developing countries; how geography, the sociopoliticocultural climate, and the education of those countries impact the advancement of those nations; and how international organizations and foreign relations with developed countries can help the advancement of those developing countries. In terms of prerequisite, I'd imagine that communication will be a widely used discipline in this kind of studies; plus in my current bachelor's program I have studied subjects like anthropology, sociology, intercultural communication, psychology, Napoleonic law, and politics. I'd eventually want to split my residence between Indonesia and Canada, conducting community development projects in Indonesia by means of education, vocational equipment of young people, and small business development among competent adults.
If possible, I'd prefer to not have to ask my parents to pay for anything; which means that I will need to work when I come to Canada. I've been informed of "co-op" programs where international students can come to study postgrad at a Canadian college while working on an internship program and getting paid for it; and if I need more money still, I can apply for additional work on campus or find a scholarship.
I'm setting a goal to come to Canada by September 2011. The Canadian Education Services International in Jakarta has told me to prepare mainly a TOEFL or IELTS test, my latest transcript from my current bachelor program, and a college and program in mind; which I will undoubtedly prepare ASAP.
In terms of finance, how should I prepare? I've been told that an international student in Canada should expect to spend about CA$800-CA$1000 per month, including room and board, transportation, books, health insurance etc. So I'm assuming that from here at least I should prepare airline tickets, the first installment of tuition fees, living funds for the first month or two and settle with the co-op program to make sure that I have a job as soon as I arrive there? How does this work out? How much could I make on co-op, and what kind of work would it be? How much could I make on campus work, say assisting professors in classes or research? If my program is only about a year, what can I do to get a good scholarship or financial assistance, say within the first three months I arrive in Canada? Any ideas how I can plan a well thought out financial strategy between now and February 2011?
Thanks Lisa. I've been told that $CA800-1000 is about an all-in budget for a student living on campus in the dorm, but I wouldn't know. What do you say is a reasonable student budget for Vancouver, and would co-op and/or on-campus work assistance cover that? What are some other things that I will have to take into account in planning my finances to go study in Canada by next year?
Wilson Corporation, a merchandiser recently completed its calendar-year 2009 operations. For the year, 1) all sales are credit sales, 2) all credits to Accounts Receivable reflects cash receipts from customers, 3) all purchases of inventory are on credit, 4) all debits to Accounts Payable reflect cash payments for inventory, and 5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets and income statement follow.
Income Statement For Year Ended December 31, 2009
Sales CR: $585,000
COGS CR: 285,000
Gross Profit: CR:300,000
Operating Expenses
Depreciation expense: DR: $20,000
Other expenses: DR: 134,000
Total operating expenses: CR: 154,000
146,000
Other Gains(losses)
Loss on sale of equipment: CR: $5,625
Income before taxes: CR:140,375
Income taxes expense: CR: 24,250
Net income: CR: 116,125
Comparative Balance Sheets Dec 31, 2009 and 2008
Assets
Cash $49,400 (2009) $74,000 (2008)
A/R 65,830 (2009) 55,000 (2008)
Merchandise Inventory $277,000 (2009) $252,000 (2008)
Prepaid Expenses $1250 (2009) $1600 (2008)
Equipment $158,500 (2009) $107,500 (2008)
Accum. Depreciation--equipment ( $36,625) (2009) ($46,000) (2008)
Total Assets $515,355 (2009) $444,100 (2008)
Liabilities and Equity
Accounts Payable $55,380 (2009) $112,000 (2008)
Short term notes payable $9000 (2009) $7000 (2008)
Long term notes payable $70,000 (2009) $48,250 (2008)
Common Stock, $5 par $162,500 (2009) $150,750 (2008)
Paid in capital in excess of par, common stock $32,250 (2009) $0 (2008)
Retained Earnings $183,255 (2009) $ 126,100 (2008)
Total liabilities and equity $515,355 (2009) $444,100 (2008)
Additional information on Year 2009 Transactions
a. The loss on the cash sale of equipment was $5625 (details in b)
b. Sold equipment costing $46,500 with accumulated depreciation of $29,375 for $11,500 cash
c. Purchased equipment costing $97,500 by paying $25,000 cash and signing a long-term note payable for the balance
d. Borrowed $2000 cash by signing a short-term note payable
e. Paid $50,750 cash to reduce the long-term notes payable
f. Issued 2,350 shares of common stock for $20 cash per share
g. Declared and paid cash dividends of $59,000
REQUIRED:
1. Prepare a complete statement of cash flows; report its operating activities using indirect method. Disclose any noncash investing and financing activities in a note.
2. Analyze and discuss the statement of cash flows prepared in part 1, giving special attention to the wisdom of the cash dividend payment.
CHECK: cash from operating activities: $49,650
Wilson Corporation, a merchandiser recently completed its calendar-year 2009 operations. For the year, 1) all sales are credit sales, 2) all credits to Accounts Receivable reflects cash receipts from customers, 3) all purchases of inventory are on credit, 4) all debits to Accounts Payable reflect cash payments for inventory, and 5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets and income statement follow.
Income Statement For Year Ended December 31, 2009
Sales CR: $585,000
COGS CR: 285,000
Gross Profit: CR:300,000
Operating Expenses
Depreciation expense: DR: $20,000
Other expenses: DR: 134,000
Total operating expenses: CR: 154,000
146,000
Other Gains(losses)
Loss on sale of equipment: CR: $5,625
Income before taxes: CR:140,375
Income taxes expense: CR: 24,250
Net income: CR: 116,125
Comparative Balance Sheets Dec 31, 2009 and 2008
Assets
Cash $49,400 (2009) $74,000 (2008)
A/R 65,830 (2009) 55,000 (2008)
Merchandise Inventory $277,000 (2009) $252,000 (2008)
Prepaid Expenses $1250 (2009) $1600 (2008)
Equipment $158,500 (2009) $107,500 (2008)
Accum. Depreciation--equipment ( $36,625) (2009) ($46,000) (2008)
Total Assets $515,355 (2009) $444,100 (2008)
Liabilities and Equity
Accounts Payable $55,380 (2009) $112,000 (2008)
Short term notes payable $9000 (2009) $7000 (2008)
Long term notes payable $70,000 (2009) $48,250 (2008)
Common Stock, $5 par $162,500 (2009) $150,750 (2008)
Paid in capital in excess of par, common stock $32,250 (2009) $0 (2008)
Retained Earnings $183,255 (2009) $ 126,100 (2008)
Total liabilities and equity $515,355 (2009) $444,100 (2008)
Additional information on Year 2009 Transactions
a. The loss on the cash sale of equipment was $5625 (details in b)
b. Sold equipment costing $46,500 with accumulated depreciation of $29,375 for $11,500 cash
c. Purchased equipment costing $97,500 by paying $25,000 cash and signing a long-term note payable for the balance
d. Borrowed $2000 cash by signing a short-term note payable
e. Paid $50,750 cash to reduce the long-term notes payable
f. Issued 2,350 shares of common stock for $20 cash per share
g. Declared and paid cash dividends of $59,000
REQUIRED:
1. Prepare a complete statement of cash flows; report its operating activities using indirect method. Disclose any noncash investing and financing activities in a note.
2. Analyze and discuss the statement of cash flows prepared in part 1, giving special attention to the wisdom of the cash dividend payment.
CHECK: cash from operating activities: $49,650
by paying 8,000 and agreeing to pay remainder in 6 months. Does this effect operating activity, financing activity, or investing activity? and is it an inflow or outflow? i believe it is an operating activity cash outflow but am not sure
by paying 8,000 and agreeing to pay remainder in 6 months. Does this effect operating activity, financing activity, or investing activity? and is it an inflow or outflow? i believe it is an operating activity cash outflow but am not sure
PLease if anyone can help me with this assignment- email me or reply to this post. The bottom of the assignment has charts that you need to see, but this will not let me post the charts. I am willing to $$$ for the help with this assignment as long as it is reasonable of coure. Please help. I have done some/ most of it, but I am lost at the charts. Please email and I will reply with the actual assignment.
1. Place these variables in the following classification tables. For each table, summarize your observations and evaluate if the results are generally true. For example, salary is reported as a continuous quantitative variable. It is also a continuous ratio scaled variable.
a.Salary-
b.Gender-
c.Sales volume of MP3 players-
d.Soft drink preference-
e.Temperature-
f.SAT scores-
g.Student rank in class-
h.Rating of a finance professor-
i.Number of home computers-
2. What is the level of measurement for each of the following variables?
a.Student IQ ratings.
b.Distance students travel to class.
c.Student scores on the first statistics test.
d.A classification of students by state of birth.
e.A ranking of students as freshman, sophomore, junior, and senior.
f.Number of hours students study per week.
3. What is the level of measurement for these items related to the newspaper business?
a.The number of papers sold each Sunday during 2006.
b.The departments, such as editorial, advertising, sports, etc.
c.A summary of the number of papers sold by county.
d.The number of years with the paper for each employee.
4. For each of the following, determine whether the group is a sample or a population.
a.The participants in a study of a new cholesterol drug.
b.The drivers who received a speeding ticket in Kansas City last month.
c.Those on welfare in Cook County (Chicago), Illinois.
d.The 30 stocks reported as a part of the Dow Jones Industrial Average.
5. Alexandra Damonte will be building a new resort in Myrtle Beach, South Carolina. She must decide how to design the resort based on the type of activities that the resort will offer to its customers. A recent poll of 300 potential customers showed the following results about customers’ preferences for planned resort activities:
•What is the table called?
Basic Table
•Draw a bar chart to portray the survey results.
Bar 1- Like planned activities
Bar 2- Do not like planned activities
Bar 3- Not sure
Bar 4- No answer
Professor Salazar- I do not know how to use excel or anything to make charts or pie graphs and I could not get a hold of anyone to help me so this is all I could do. I would rather submit this than nothing. I don’t know what else I can do. The same for the pie chart. I was able to get the percentages and the correct distance between each color, but no labels.
•Draw a pie chart for the survey results.
Vacation Activities
1.(Purple)- Like planned activities (21%)
2.(Burgundy or red)- Do not like planned activities (45%)
3.(Yellow)- Not sure (26%)
4. (Aqua)- No answer (8%)
6The following chart summarizes the selling price of homes sold last month in the Sarasota, Florida, area.
a.What is the chart called? Line chart
b.How many homes were sold during the last month?
c.What is the class interval?
d.About 75 percent of the houses sold for less than what amount?
e.One hundred seventy-five of the homes sold for less than what amount?
7.A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of cash register receipts revealed these initial purchases:
a. How many classes would you recommend?
b. What class width would you choose?
c. Construct a Frequency Distribution table
d. Construct a Histogram
e. Construct a Frequency Polygon
f. Construct a Cumulative Frequency Curve
PLease if anyone can help me with this assignment- email me or reply to this post. The bottom of the assignment has charts that you need to see, but this will not let me post the charts. I am willing to $$$ for the help with this assignment as long as it is reasonable of coure. Please help. I have done some/ most of it, but I am lost at the charts. Please email and I will reply with the actual assignment.
1. Place these variables in the following classification tables. For each table, summarize your observations and evaluate if the results are generally true. For example, salary is reported as a continuous quantitative variable. It is also a continuous ratio scaled variable.
a.Salary-
b.Gender-
c.Sales volume of MP3 players-
d.Soft drink preference-
e.Temperature-
f.SAT scores-
g.Student rank in class-
h.Rating of a finance professor-
i.Number of home computers-
2. What is the level of measurement for each of the following variables?
a.Student IQ ratings.
b.Distance students travel to class.
c.Student scores on the first statistics test.
d.A classification of students by state of birth.
e.A ranking of students as freshman, sophomore, junior, and senior.
f.Number of hours students study per week.
3. What is the level of measurement for these items related to the newspaper business?
a.The number of papers sold each Sunday during 2006.
b.The departments, such as editorial, advertising, sports, etc.
c.A summary of the number of papers sold by county.
d.The number of years with the paper for each employee.
4. For each of the following, determine whether the group is a sample or a population.
a.The participants in a study of a new cholesterol drug.
b.The drivers who received a speeding ticket in Kansas City last month.
c.Those on welfare in Cook County (Chicago), Illinois.
d.The 30 stocks reported as a part of the Dow Jones Industrial Average.
5. Alexandra Damonte will be building a new resort in Myrtle Beach, South Carolina. She must decide how to design the resort based on the type of activities that the resort will offer to its customers. A recent poll of 300 potential customers showed the following results about customers’ preferences for planned resort activities:
•What is the table called?
Basic Table
•Draw a bar chart to portray the survey results.
Bar 1- Like planned activities
Bar 2- Do not like planned activities
Bar 3- Not sure
Bar 4- No answer
Professor Salazar- I do not know how to use excel or anything to make charts or pie graphs and I could not get a hold of anyone to help me so this is all I could do. I would rather submit this than nothing. I don’t know what else I can do. The same for the pie chart. I was able to get the percentages and the correct distance between each color, but no labels.
•Draw a pie chart for the survey results.
Vacation Activities
1.(Purple)- Like planned activities (21%)
2.(Burgundy or red)- Do not like planned activities (45%)
3.(Yellow)- Not sure (26%)
4. (Aqua)- No answer (8%)
6The following chart summarizes the selling price of homes sold last month in the Sarasota, Florida, area.
a.What is the chart called? Line chart
b.How many homes were sold during the last month?
c.What is the class interval?
d.About 75 percent of the houses sold for less than what amount?
e.One hundred seventy-five of the homes sold for less than what amount?
7.A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of cash register receipts revealed these initial purchases:
a. How many classes would you recommend?
b. What class width would you choose?
c. Construct a Frequency Distribution table
d. Construct a Histogram
e. Construct a Frequency Polygon
f. Construct a Cumulative Frequency Curve
Connie started a business by contributing $30,000 cash and a truck worth $34,000. The company then purchased equipment by making a $24,000 down payment (which accounted for half its purchase price) and financed the other half by signing a note payable at the bank. After the above transactions, Connie's company balance sheet is composed of which row is correct.
Assets Liabilities Equity
$64,000 $0 $64,000
$88,000 $0 $88,000
$88,000 $24,000 $64,000
$112,000 $24,000 $88,000
Also is this questions true or false.
The sale of equipment is a financing activity.
True
False
Connie started a business by contributing $30,000 cash and a truck worth $34,000. The company then purchased equipment by making a $24,000 down payment (which accounted for half its purchase price) and financed the other half by signing a note payable at the bank. After the above transactions, Connie's company balance sheet is composed of which row is correct.
Assets Liabilities Equity
$64,000 $0 $64,000
$88,000 $0 $88,000
$88,000 $24,000 $64,000
$112,000 $24,000 $88,000
Also is this questions true or false.
The sale of equipment is a financing activity.
True
False
Big Joe’s is replacing a piece of equipment. The equipment will cost $5,000 and has a 5 year life. The equipment can be leased for annual payment of $1,295 paid at the beginning of each year, or it can be purchased and financed at an interest rate of 10% with annual loan payments of $1,319. There is zero salvage value. Big Joe’s tax rate is 40%. The equipment has a 20% CCA rate. What should Big Joe do?
Big Joe’s is replacing a piece of equipment. The equipment will cost $5,000 and has a 5 year life. The equipment can be leased for annual payment of $1,295 paid at the beginning of each year, or it can be purchased and financed at an interest rate of 10% with annual loan payments of $1,319. There is zero salvage value. Big Joe’s tax rate is 40%. The equipment has a 20% CCA rate. What should Big Joe do?
Ok I'm disabled , I have been all my life , I am receiving a benefit which allowed me to do permitted work provided that I have a back-up supporter . The ministerial department has told my supporter that the kind of support that I get is not valid and must stop , without it it is illegal for me to carry on working . In a country where the government can't afford to finance people being on benefit , it doesn't make sense .. It was a verbal agreement , no money or special equipment was ever used . so what is the problem ?
Ok , I'll put it another way , There are Millions of people who for no fault of their own are now jobless . People like me are unable to work full time because of physical or mental problems and we have been up till now supported to work part time and draw a benefit , it was called permitted work . Now the Jobcentres/DWP have told the people or organisations that give us support that they can no longer give us it . This being the case , all the jobs that we did will become available for the unemployed to do , thus taking them off the dole and making things sound better for the government but that will cut our incomes by just over £4K each year which we shall have to find from somewhere else or we and our families will ultimately suffer , my families present income is less than £13K but that's going to be cut to less than £9K per annum . remember we have the same outgoing expenses ... Electric, Phone,Net , Water in & Out , Fuel , Council Tax , we have Rent , Food , Clothes , etc., !!!!
Ok I'm disabled , I have been all my life , I am receiving a benefit which allowed me to do permitted work provided that I have a back-up supporter . The ministerial department has told my supporter that the kind of support that I get is not valid and must stop , without it it is illegal for me to carry on working . In a country where the government can't afford to finance people being on benefit , it doesn't make sense .. It was a verbal agreement , no money or special equipment was ever used . so what is the problem ?
Ok , I'll put it another way , There are Millions of people who for no fault of their own are now jobless . People like me are unable to work full time because of physical or mental problems and we have been up till now supported to work part time and draw a benefit , it was called permitted work . Now the Jobcentres/DWP have told the people or organisations that give us support that they can no longer give us it . This being the case , all the jobs that we did will become available for the unemployed to do , thus taking them off the dole and making things sound better for the government but that will cut our incomes by just over £4K each year which we shall have to find from somewhere else or we and our families will ultimately suffer , my families present income is less than £13K but that's going to be cut to less than £9K per annum . remember we have the same outgoing expenses ... Electric, Phone,Net , Water in & Out , Fuel , Council Tax , we have Rent , Food , Clothes , etc., !!!!
I am a General Manager at a highly respected truck driving and heavy equipment school. We are accredited but the programs that we offer are too short to qualify for conventional students loans. So with that being said we are unable to get many people financed for our programs that range in cost from 4k to 10k. Do you have any recommendations on loan or finance companies that handle these type of private loans for our prospects? Or any investors that you could recommend that may be willing to entertain the idea of lending to some of the individuals that are considering our program with the understanding that they may discount the loan or charge a loan origination fee of some sort on taking on the risk that is involved?
I am a General Manager at a highly respected truck driving and heavy equipment school. We are accredited but the programs that we offer are too short to qualify for conventional students loans. So with that being said we are unable to get many people financed for our programs that range in cost from 4k to 10k. Do you have any recommendations on loan or finance companies that handle these type of private loans for our prospects? Or any investors that you could recommend that may be willing to entertain the idea of lending to some of the individuals that are considering our program with the understanding that they may discount the loan or charge a loan origination fee of some sort on taking on the risk that is involved?
I am a general manager at a highly respected truck driving and heavy equipment school. We are accredited but the programs that we offer are too short to qualify for conventional students loans. So with that being said we are unable to get many people financed for our programs that range from 4k to 10k. Do you have any recommendations on loan or finance companies that handle these type of private loans for our prospects? Or any investors that you could recommend that may be willing to entertain the idea of lending to some of the individuals that are considering our prorgam with the understanding that they may discount the loan or charge a loan origination fee of some sort on taking on the risk that is involved?
I am a general manager at a highly respected truck driving and heavy equipment school. We are accredited but the programs that we offer are too short to qualify for conventional students loans. So with that being said we are unable to get many people financed for our programs that range from 4k to 10k. Do you have any recommendations on loan or finance companies that handle these type of private loans for our prospects? Or any investors that you could recommend that may be willing to entertain the idea of lending to some of the individuals that are considering our prorgam with the understanding that they may discount the loan or charge a loan origination fee of some sort on taking on the risk that is involved?
Where can I find a tried and true method for raising the money I need for my film...around $25,000 which would cover all aspects of production such as equipment, cast, crew, travel, and set construction. Where can I go?
Where can I find a tried and true method for raising the money I need for my film...around $25,000 which would cover all aspects of production such as equipment, cast, crew, travel, and set construction. Where can I go?
The Eclipse Video Store Co. is owned and operated by Jared Helms. The following is an excerpt from a conversation between Jared Helms and Allison Fain, the chief accountant for The Eclipse Video Store:
Jared: Allison, I’ve got a question about this recent balance sheet.
Allison: Sure, what’s your question?
Jared: Well, as you know, I’m applying for a bank loan to finance our new store in Winterville, and I noticed that the accounts payable are listed as $85,000.
Allison: That’s right. Approximately $78,000 of that represents amounts due our suppliers, and the remainder is miscellaneous payables to creditors for utilities, office equipment, supplies, etc.
Jared: That’s what I thought. But as you know, we normally receive a 2% discount from our suppliers for earlier payment, and we always try to take the discount.
Allison: That’s right. I can’t remember the last time we missed a discount.
Jared: Well, in that case, it seems to me the accounts payable should be listed minus the 2% discount. Let’s list the accounts payable due suppliers as $76,440, rather than $78,000. Every little bit helps. You never know. It might make the difference between getting the loan and not.
How would you respond to Jared Helm’s request?
The Eclipse Video Store Co. is owned and operated by Jared Helms. The following is an excerpt from a conversation between Jared Helms and Allison Fain, the chief accountant for The Eclipse Video Store:
Jared: Allison, I’ve got a question about this recent balance sheet.
Allison: Sure, what’s your question?
Jared: Well, as you know, I’m applying for a bank loan to finance our new store in Winterville, and I noticed that the accounts payable are listed as $85,000.
Allison: That’s right. Approximately $78,000 of that represents amounts due our suppliers, and the remainder is miscellaneous payables to creditors for utilities, office equipment, supplies, etc.
Jared: That’s what I thought. But as you know, we normally receive a 2% discount from our suppliers for earlier payment, and we always try to take the discount.
Allison: That’s right. I can’t remember the last time we missed a discount.
Jared: Well, in that case, it seems to me the accounts payable should be listed minus the 2% discount. Let’s list the accounts payable due suppliers as $76,440, rather than $78,000. Every little bit helps. You never know. It might make the difference between getting the loan and not.
How would you respond to Jared Helm’s request?
I am interested in buying a new computer i want to get a nice one that i will be able to use for years to come because i know i wont need to really have to upgrade my computer the stock equipment will be plenty good enough for me...but i don't want to put out all the money at once to buy it........Is it possible to finance a computer with out a credit card? i don't own a credit card or anything...so would it be possible to finance one with out owning a credit card or debit card?
I am interested in buying a new computer i want to get a nice one that i will be able to use for years to come because i know i wont need to really have to upgrade my computer the stock equipment will be plenty good enough for me...but i don't want to put out all the money at once to buy it........Is it possible to finance a computer with out a credit card? i don't own a credit card or anything...so would it be possible to finance one with out owning a credit card or debit card?
My husband owns a painting company and he has been really busy. We have had a really hard time finding workers, so we thought why not keep the money in the family and hire me.
We also started up an embroidery business that has been keeping us busy as well. But being a new business, it will not make us money for at least a year if not more.
Now I work for a Dairy Plant and I have been employed by them for 10years now. I work in the QC department and I have a lot of experience and training on specific equipment here. Because of that I just don't want to up and leave. I will be talking to them soon about part time work or job share.
Am I crazy to do this? Who can I speak with about our finances to see if we can make this work. I don't want to quit and regret it later.
Any advice? I live in Ontario, Canada.
My husband owns a painting company and he has been really busy. We have had a really hard time finding workers, so we thought why not keep the money in the family and hire me.
We also started up an embroidery business that has been keeping us busy as well. But being a new business, it will not make us money for at least a year if not more.
Now I work for a Dairy Plant and I have been employed by them for 10years now. I work in the QC department and I have a lot of experience and training on specific equipment here. Because of that I just don't want to up and leave. I will be talking to them soon about part time work or job share.
Am I crazy to do this? Who can I speak with about our finances to see if we can make this work. I don't want to quit and regret it later.
Any advice? I live in Ontario, Canada.
identify whether net sales revenue, other operating income, increase in inventory net purchase, employee cost, supplies expense depreciation other operating expense finance cost, investment income extraordinary items
purchase
purchase return and allowance
rental income
selling expenses:
freight out
salesmen;s commissio
depreciation -store equipment
merchandise inventory jan1 1
merchandise inventory dec 31
sales
sales return and allowance
sales discount
Administrative expense:
office salaries
deprecitaion -office equipment
freight in
income tax
loss on sale of equipment
purchase discount
dividend revenue
loss on sale of investment
identify whether net sales revenue, other operating income, increase in inventory net purchase, employee cost, supplies expense depreciation other operating expense finance cost, investment income extraordinary items
purchase
purchase return and allowance
rental income
selling expenses:
freight out
salesmen;s commissio
depreciation -store equipment
merchandise inventory jan1 1
merchandise inventory dec 31
sales
sales return and allowance
sales discount
Administrative expense:
office salaries
deprecitaion -office equipment
freight in
income tax
loss on sale of equipment
purchase discount
dividend revenue
loss on sale of investment
The movie knowing Predicted it before it happend.
http://www.youtube.com/watch?v=hmgeA3dr2uY
But wait there is scores of more info....
One month before the explosion BP and Golman Sachs sold A BUTT load of shares
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html
http://www.upi.com/Top_News/US/2010/06/05/BP-chief-sold-shares-before-spill/UPI-65971275773552/
http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/
http://moneycentral.msn.com/ownership?Holding=Institutional+Ownership&Symbol=BP
Wait Still not convinced?
The workers of the Rig warned that it was going to explode!!!
http://www.boingboing.net/2010/06/08/deepwater-horizon-su.html
http://ac360.blogs.cnn.com/2010/06/22/video-oil-rig-worker-warned-of-danger/
http://www.dailymail.co.uk/news/worldnews/article-1288242/Gulf-oil-spill-BP-told-faulty-drill-safety-equipment-weeks-disaster.html
http://www.infowars.com/attorney-deepwater-horizon-managers-knew-about-oil-rig-problem-before-explosion/
http://www.bloomberg.com/news/2010-05-28/bp-pressured-oil-rig-worker-to-hurry-before-fatal-gulf-blast-father-says.html
There is tons more articles i just didint want to find them all. So what do you think?
Did you read? Halliburton?
Its not even about who profits. You need to look into the New world order. They are defently hideing something down there. Witch is why no media is allowed to take pics.
The movie knowing Predicted it before it happend.
http://www.youtube.com/watch?v=hmgeA3dr2uY
But wait there is scores of more info....
One month before the explosion BP and Golman Sachs sold A BUTT load of shares
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html
http://www.upi.com/Top_News/US/2010/06/05/BP-chief-sold-shares-before-spill/UPI-65971275773552/
http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/
http://moneycentral.msn.com/ownership?Holding=Institutional+Ownership&Symbol=BP
Wait Still not convinced?
The workers of the Rig warned that it was going to explode!!!
http://www.boingboing.net/2010/06/08/deepwater-horizon-su.html
http://ac360.blogs.cnn.com/2010/06/22/video-oil-rig-worker-warned-of-danger/
http://www.dailymail.co.uk/news/worldnews/article-1288242/Gulf-oil-spill-BP-told-faulty-drill-safety-equipment-weeks-disaster.html
http://www.infowars.com/attorney-deepwater-horizon-managers-knew-about-oil-rig-problem-before-explosion/
http://www.bloomberg.com/news/2010-05-28/bp-pressured-oil-rig-worker-to-hurry-before-fatal-gulf-blast-father-says.html
There is tons more articles i just didint want to find them all. So what do you think?
Did you read? Halliburton?
Its not even about who profits. You need to look into the New world order. They are defently hideing something down there. Witch is why no media is allowed to take pics.
Question No: 1 - Please choose one
The accounting definition of income is:
Income = Current Assets Current Liabilities
Income = Fixed Assets Current Assets
Income = Revenues Current Liabilities
Income = Revenues Expenses
Question No: 2 - Please choose one
What would be the capital spending for an organization who has purchased fixed
assets of Rs. 200,000 and sold fixed assets of Rs. 45,000?
Rs. 245,000
Rs. 200,000
Rs. 155,000
Rs. 45,000
Question No: 3 - Please choose one
Selected information from SNT Company's accounting records is as follows:
o Cash paid to retired common shares Rs. 15,000
o Proceeds from issuance of preferred shares Rs. 20,000
o Cash dividends paid Rs. 8,000
o Proceeds from sale of equipment Rs. 25,000
On its cash flow statement for the year, SNT Company should report net cash
flow from financing activities as:
Rs. 3,000 net cash inflow
Rs. 3,000 net cash outflow
Rs. 8,000 net cash inflow
Rs. 8,000 net cash inflow
Question No: 4 - Please choose one
SNT Company has a current ratio of 3:2. Current Liabilities reported by the
company are Rs. 30,000. What would be the Net Working Capital for the
company?
Rs. 45,000
Rs. 15,000
( Rs. 45,000)
( Rs. 15,000)
Question No: 5 - Please choose one
Which of the following would not improve the current ratio?
Borrow short-term to finance additional fixed assets
Issue long-term debt to buy inventory
Sell common stock to reduce current liabilities
Sell fixed assets to reduce accounts payable
Question No: 6 - Please choose one
Which of the following are incorporated into the calculation of the Du-Pont
Identity?
I. Return on assets
II. Equity Multiplier
III. Total Assets Turnover
IV. Profit Margin
I, II, and III only
I, III, and IV only
II, III and IV only
I, II, III, and IV
Question No: 7 - Please choose one
The concepts of present value and future value are:
Directly related to each other
Not related to each other
Proportionately related to each other
Inversely related to each other
Question No: 8 - Please choose one
Which of the following is a special case of annuity, where the stream of cash flows
continues forever?
Special Annuity
Ordinary Annuity
Annuity Due
Perpetuity
Question No: 9 - Please choose one
Which of the following is an unsecured bond for which no specific pledge of
property is made?
Mortgage
Debenture
Collateral
Note Payable
Question No: 10 - Please choose one
Which of the following type of return refers to the percentage change in the
amount of money you have?
Nominal return
Real return
Inflation return
None of the given option
Question No: 11 - Please choose one
When real rate is _____, all interest rates will tend to be _____.
Low; higher
High; lower
High; higher
None of the given options
Question No: 12 - Please choose one
Which of the following is the extra yield that investors demand on a taxable bond
as a compensation for the unfavorable tax treatment?
Interest rate risk premium
Inflation risk premium
Default risk premium
Taxability premium
Question No: 13 - Please choose one
In which type of the market, previously issued securities are traded among
investors ?
Primary Market
Secondary Market
Tertiary Market
None of the given options
Question No: 14 - Please choose one
Place the following items in the proper order of completion regarding the capital
budgeting process.
(I) Perform a post-audit for completed projects;
(II) Generate project proposals;
(III) Estimate appropriate cash flows;
(IV) Select value-maximizing projects;
(V) Evaluate projects.
II, V, III, IV, and I
III, II, V, IV, and I
II, III, V, IV, and I
II, III, IV, V, and I
Question No: 15 - Please choose one
An investment will be ___________ if the IRR doesn t exceeds the required return
and ___________ otherwise.
Accepted; rejected
Accepted; accepted
Rejected; rejected
Rejected; accepted
Question No: 16 - Please choose one
IRR and NPV rules always lead to identical decisions as long as :
Cash flows are conventional
Cash flows are independent
Cash flows are both conventional and independent
None of the given options
Question No: 17 - Please choose one
A project whose acceptance does not prevent or require the acceptance of one or
more alternative projects is referred to as :
A mutually exclusive project
An independent project
A dependent project
A contingent project
Question No: 18 - Please choose one
Finding Net Present Value comes under which type of capital budgeting criteria
?
Discounted Cash Flow Criteria
Accounting Criteria
Payback Criteria
None of the given options
Question No: 19 - Please choose one
___________ Cost is an outlay that has already occurred and hence is not affected
by the decision under consideration.
Sunk
Opportunity
Fixed
Variable
Question No: 20 - Please choose one
Which of the following is the overall return the firm must earn on its existing
assets to main
Question No: 1 - Please choose one
The accounting definition of income is:
Income = Current Assets Current Liabilities
Income = Fixed Assets Current Assets
Income = Revenues Current Liabilities
Income = Revenues Expenses
Question No: 2 - Please choose one
What would be the capital spending for an organization who has purchased fixed
assets of Rs. 200,000 and sold fixed assets of Rs. 45,000?
Rs. 245,000
Rs. 200,000
Rs. 155,000
Rs. 45,000
Question No: 3 - Please choose one
Selected information from SNT Company's accounting records is as follows:
o Cash paid to retired common shares Rs. 15,000
o Proceeds from issuance of preferred shares Rs. 20,000
o Cash dividends paid Rs. 8,000
o Proceeds from sale of equipment Rs. 25,000
On its cash flow statement for the year, SNT Company should report net cash
flow from financing activities as:
Rs. 3,000 net cash inflow
Rs. 3,000 net cash outflow
Rs. 8,000 net cash inflow
Rs. 8,000 net cash inflow
Question No: 4 - Please choose one
SNT Company has a current ratio of 3:2. Current Liabilities reported by the
company are Rs. 30,000. What would be the Net Working Capital for the
company?
Rs. 45,000
Rs. 15,000
( Rs. 45,000)
( Rs. 15,000)
Question No: 5 - Please choose one
Which of the following would not improve the current ratio?
Borrow short-term to finance additional fixed assets
Issue long-term debt to buy inventory
Sell common stock to reduce current liabilities
Sell fixed assets to reduce accounts payable
Question No: 6 - Please choose one
Which of the following are incorporated into the calculation of the Du-Pont
Identity?
I. Return on assets
II. Equity Multiplier
III. Total Assets Turnover
IV. Profit Margin
I, II, and III only
I, III, and IV only
II, III and IV only
I, II, III, and IV
Question No: 7 - Please choose one
The concepts of present value and future value are:
Directly related to each other
Not related to each other
Proportionately related to each other
Inversely related to each other
Question No: 8 - Please choose one
Which of the following is a special case of annuity, where the stream of cash flows
continues forever?
Special Annuity
Ordinary Annuity
Annuity Due
Perpetuity
Question No: 9 - Please choose one
Which of the following is an unsecured bond for which no specific pledge of
property is made?
Mortgage
Debenture
Collateral
Note Payable
Question No: 10 - Please choose one
Which of the following type of return refers to the percentage change in the
amount of money you have?
Nominal return
Real return
Inflation return
None of the given option
Question No: 11 - Please choose one
When real rate is _____, all interest rates will tend to be _____.
Low; higher
High; lower
High; higher
None of the given options
Question No: 12 - Please choose one
Which of the following is the extra yield that investors demand on a taxable bond
as a compensation for the unfavorable tax treatment?
Interest rate risk premium
Inflation risk premium
Default risk premium
Taxability premium
Question No: 13 - Please choose one
In which type of the market, previously issued securities are traded among
investors ?
Primary Market
Secondary Market
Tertiary Market
None of the given options
Question No: 14 - Please choose one
Place the following items in the proper order of completion regarding the capital
budgeting process.
(I) Perform a post-audit for completed projects;
(II) Generate project proposals;
(III) Estimate appropriate cash flows;
(IV) Select value-maximizing projects;
(V) Evaluate projects.
II, V, III, IV, and I
III, II, V, IV, and I
II, III, V, IV, and I
II, III, IV, V, and I
Question No: 15 - Please choose one
An investment will be ___________ if the IRR doesn t exceeds the required return
and ___________ otherwise.
Accepted; rejected
Accepted; accepted
Rejected; rejected
Rejected; accepted
Question No: 16 - Please choose one
IRR and NPV rules always lead to identical decisions as long as :
Cash flows are conventional
Cash flows are independent
Cash flows are both conventional and independent
None of the given options
Question No: 17 - Please choose one
A project whose acceptance does not prevent or require the acceptance of one or
more alternative projects is referred to as :
A mutually exclusive project
An independent project
A dependent project
A contingent project
Question No: 18 - Please choose one
Finding Net Present Value comes under which type of capital budgeting criteria
?
Discounted Cash Flow Criteria
Accounting Criteria
Payback Criteria
None of the given options
Question No: 19 - Please choose one
___________ Cost is an outlay that has already occurred and hence is not affected
by the decision under consideration.
Sunk
Opportunity
Fixed
Variable
Question No: 20 - Please choose one
Which of the following is the overall return the firm must earn on its existing
assets to main
Yahoo combined with US News & World Report ran a story on "21 Things You Should Never Buy New". Coming in at #17 was Sports Equipment. You could list bicycles as "Sports Equipment". This is for all those considering a new discount store bike vs. a quality used bike from craigslist or other sources. Me? I'd definitely go with a quality used bike any day vs. a big box store bike.
Here's what the story had to say..."17. Sports Equipment: Most people buy sports equipment planning to use it until it drops, but this rarely happens. So when sports equipment ends up on the resale market, they tend to still be in excellent condition. Look into buying used sporting gear through Craigslist and at yard sales or sports equipment stores."
http://finance.yahoo.com/news/21-Things-You-Should-Never-usnews-2356162080.html?x=0
Yahoo combined with US News & World Report ran a story on "21 Things You Should Never Buy New". Coming in at #17 was Sports Equipment. You could list bicycles as "Sports Equipment". This is for all those considering a new discount store bike vs. a quality used bike from craigslist or other sources. Me? I'd definitely go with a quality used bike any day vs. a big box store bike.
Here's what the story had to say..."17. Sports Equipment: Most people buy sports equipment planning to use it until it drops, but this rarely happens. So when sports equipment ends up on the resale market, they tend to still be in excellent condition. Look into buying used sporting gear through Craigslist and at yard sales or sports equipment stores."
http://finance.yahoo.com/news/21-Things-You-Should-Never-usnews-2356162080.html?x=0
Which of the following group is least likely to be considered a stakeholder of the firm?
1.Government
2.Bondholders
3.Competitors
4.Employees
What is the most likely conclusion for a firm whose statement of cash flows shows an increase in cash balances and had negative cash flows from both operations and financing?
1.The firm has low depreciation expense
2.The firm did not pay any dividends
3.The firm sold more equipment than it purchased
4.The firm has a low interest rate on its debt
According to the statement of cash flows, cash flows from financing could be positive IF
1.The firm repaid more debt than it added
2.The firm added more debt than it repaid
3.Interest rates were low on outstanding debt
4.The firm sold portions of its plant and equipment
When a firm is said to have no spare capacity, it
1.Has no need for new employees
2.Currently had no inventory available for sale
3.Must issue new equity to grow
4.Must increase fixed assets to increase sales
Which of the following group is least likely to be considered a stakeholder of the firm?
1.Government
2.Bondholders
3.Competitors
4.Employees
What is the most likely conclusion for a firm whose statement of cash flows shows an increase in cash balances and had negative cash flows from both operations and financing?
1.The firm has low depreciation expense
2.The firm did not pay any dividends
3.The firm sold more equipment than it purchased
4.The firm has a low interest rate on its debt
According to the statement of cash flows, cash flows from financing could be positive IF
1.The firm repaid more debt than it added
2.The firm added more debt than it repaid
3.Interest rates were low on outstanding debt
4.The firm sold portions of its plant and equipment
When a firm is said to have no spare capacity, it
1.Has no need for new employees
2.Currently had no inventory available for sale
3.Must issue new equity to grow
4.Must increase fixed assets to increase sales
1) Hanks Corporation acquired $150,000 cash by issuing common stock to investors. As a result of this event,
A) retained earnings increased.
B) assets increased.
2) Which of the following items would appear on a balance sheet?
Notes Payable
Dividends
Expenses
Revenues
3) A stockholder in a corporation would use ___ to learn about the company.
A) financial accounting information
D) both A and C
C) not-for-profit accounting information
B) managerial accounting information
4) If a company's expenses are greater than its revenues for the year,
the company's stockholders' equity must have decreased during the period.
the company's liabilities must have increased.
the company incurred a net loss during the period.
its assets increased during the period.
5) A company's retained earnings at the beginning and ending of the accounting period were $48,000 and $55,000, respectively. If the company had revenues of $61,000 and expenses of $50,000, the amount of cash dividends paid must have been
$4,000.
$2,000.
$3,000.
$9,000.
6) An asset decrease resulting from consumption of resources to earn revenue is
a net loss.
an expense.
a liability.
an asset source transaction.
7) Ohio Company provided services to a customer for $1,700 cash. As a result of this event,
retained earnings increased.
total assets decreased.
cash flows from financing activities increased.
total liabilities increased.
8) Wayne Company purchased equipment for $45,000 cash. As a result of this event, Wayne had a
$45,000 cash inflow from financing activities.
$45,000 cash outflow from financing activities.
$45,000 cash outflow from operating activities.
$45,000 cash outflow from investing activities.
9) Which of the following items would be an example of revenue?
cash received from customers for services provided
all of these
cash received from a bank loan
cash investments made by owners
10) In 1998, Parker Corporation purchased land for $130,000. In 2010, Parker Company had the land appraised, and its value was estimated to be $190,000. Also during 2010, another company offered Parker $145,000 for the parcel of land. When the balance sheet is prepared at the end of 2010, at what dollar amount should the land be reported?
$145,000
None of these
$190,000
$130,000
11) During 2010, Cruz Company earned $5,000 in cash revenue, incurred $3,200 in cash expenses, and paid $500 in cash dividends to its owners. Based on this information,
retained earnings increased by $1,300 during the year.
the net cash flow from operating activities was $1,300 for the year.
total assets increased by $1,800 during 2010.
net income was $1,300 for 2010.
10 points for the best answer!!!!
1) Hanks Corporation acquired $150,000 cash by issuing common stock to investors. As a result of this event,
A) retained earnings increased.
B) assets increased.
2) Which of the following items would appear on a balance sheet?
Notes Payable
Dividends
Expenses
Revenues
3) A stockholder in a corporation would use ___ to learn about the company.
A) financial accounting information
D) both A and C
C) not-for-profit accounting information
B) managerial accounting information
4) If a company's expenses are greater than its revenues for the year,
the company's stockholders' equity must have decreased during the period.
the company's liabilities must have increased.
the company incurred a net loss during the period.
its assets increased during the period.
5) A company's retained earnings at the beginning and ending of the accounting period were $48,000 and $55,000, respectively. If the company had revenues of $61,000 and expenses of $50,000, the amount of cash dividends paid must have been
$4,000.
$2,000.
$3,000.
$9,000.
6) An asset decrease resulting from consumption of resources to earn revenue is
a net loss.
an expense.
a liability.
an asset source transaction.
7) Ohio Company provided services to a customer for $1,700 cash. As a result of this event,
retained earnings increased.
total assets decreased.
cash flows from financing activities increased.
total liabilities increased.
8) Wayne Company purchased equipment for $45,000 cash. As a result of this event, Wayne had a
$45,000 cash inflow from financing activities.
$45,000 cash outflow from financing activities.
$45,000 cash outflow from operating activities.
$45,000 cash outflow from investing activities.
9) Which of the following items would be an example of revenue?
cash received from customers for services provided
all of these
cash received from a bank loan
cash investments made by owners
10) In 1998, Parker Corporation purchased land for $130,000. In 2010, Parker Company had the land appraised, and its value was estimated to be $190,000. Also during 2010, another company offered Parker $145,000 for the parcel of land. When the balance sheet is prepared at the end of 2010, at what dollar amount should the land be reported?
$145,000
None of these
$190,000
$130,000
11) During 2010, Cruz Company earned $5,000 in cash revenue, incurred $3,200 in cash expenses, and paid $500 in cash dividends to its owners. Based on this information,
retained earnings increased by $1,300 during the year.
the net cash flow from operating activities was $1,300 for the year.
total assets increased by $1,800 during 2010.
net income was $1,300 for 2010.
10 points for the best answer!!!!
TO: The Assistant Financial Analyst
FROM: Mr. V. Morrison, CEO, Caledonia Products
RE: Cash Flow Analysis and Capital Rationing
We are considering the introduction of a new product. Currently we are in the 34 percent marginal tax bracket with a 15 percent required rate of return or cost of capital. This project is
expected to last five years and then, because this is somewhat of a fad project, to be terminated.
The following information describes the new project:
Cost of new plant and equipment: $7,900,000
Shipping and installation costs: $ 100,000
Unit sales: Year Units Sold
1 70,000
2 120,000
3 140,000
4 80,000
5 60,000
Sales price per unit: $300/unit in years 1–4, $260/unit in year 5
Variable cost per unit: $180/unit
Annual fixed costs: $200,000
Working-capital requirements: There will be an initial working-capital requirement of $100,000 just to get production started. For each year, the total investment in net working capital will be equal to 10 percent of the dollar value of sales for that year. Thus, the investment in working capital will increase during years 1 through 3, then decrease in year 4. Finally, all working capital is liquidated at the termination of the project at the end of year 5.
The depreciation method: Use the simplified straight-line method over five years. It is assumed that the plant and equipment will have no salvage value after five years.
12. Caledonia is considering two additional mutually exclusive projects. The cash flows associated with these projects are as follows:
YEAR PROJECT A PROJECT B
0 −$100,000 −$100,000
1 32,000 0
2 32,000 0
3 32,000 0
4 32,000 0
5 32,000 $200,000
The required rate of return on these projects is 11 percent.
a. What is each project’s payback period?
b. What is each project’s net present value?
c. What is each project’s internal rate of return?
d. What has caused the ranking conflict?
e. Which project should be accepted? Why?
The factors Caledonia must consider if they were doing a lease versus buy.
TO: The Assistant Financial Analyst
FROM: Mr. V. Morrison, CEO, Caledonia Products
RE: Cash Flow Analysis and Capital Rationing
We are considering the introduction of a new product. Currently we are in the 34 percent marginal tax bracket with a 15 percent required rate of return or cost of capital. This project is
expected to last five years and then, because this is somewhat of a fad project, to be terminated.
The following information describes the new project:
Cost of new plant and equipment: $7,900,000
Shipping and installation costs: $ 100,000
Unit sales: Year Units Sold
1 70,000
2 120,000
3 140,000
4 80,000
5 60,000
Sales price per unit: $300/unit in years 1–4, $260/unit in year 5
Variable cost per unit: $180/unit
Annual fixed costs: $200,000
Working-capital requirements: There will be an initial working-capital requirement of $100,000 just to get production started. For each year, the total investment in net working capital will be equal to 10 percent of the dollar value of sales for that year. Thus, the investment in working capital will increase during years 1 through 3, then decrease in year 4. Finally, all working capital is liquidated at the termination of the project at the end of year 5.
The depreciation method: Use the simplified straight-line method over five years. It is assumed that the plant and equipment will have no salvage value after five years.
12. Caledonia is considering two additional mutually exclusive projects. The cash flows associated with these projects are as follows:
YEAR PROJECT A PROJECT B
0 −$100,000 −$100,000
1 32,000 0
2 32,000 0
3 32,000 0
4 32,000 0
5 32,000 $200,000
The required rate of return on these projects is 11 percent.
a. What is each project’s payback period?
b. What is each project’s net present value?
c. What is each project’s internal rate of return?
d. What has caused the ranking conflict?
e. Which project should be accepted? Why?
The factors Caledonia must consider if they were doing a lease versus buy.
elise borrowed $18000 to buy equipment she needed to start up a new fashion business.the finance company charged her 8%p.a. flate- rate interest on the loan. elise was required to repay the loan plus interest in equal monthly repayments over 3 years.
elise borrowed $18000 to buy equipment she needed to start up a new fashion business.the finance company charged her 8%p.a. flate- rate interest on the loan. elise was required to repay the loan plus interest in equal monthly repayments over 3 years.
1.Linda Taylor borrowed $90,000 to purchase a home. The monthly mortgage payment for principal and interest is $835.20 for fifteen years. Calculate the following: Total Repayment amount: And Total Cost of Interest
2.In the number 89,615,122, identify the digits in the ten millions position, in the hundred thousands position, and in the ones position.
3.Round 392,464 to the nearest thousand
4. During the four quarters of , Northern Fence and Gate, Inc. earned the following profit amounts: First Quarter: $5,084 Second Quarter:$6,396 Third Quarter:$4,351 Fourth Quarter:$3,778 What was the total amount of profit for the year? Do not use a calculator.
5.For the following problem, calculate the difference between the two numbers. Do not use a calculator.
65
-48
_____
6.Roberts Fashion Mart purchased new display equipment on credit and agreed to make 42 monthly payments of $174 each.What was the total cost of the equipment? Do not use a calculator.
7.The Computer Hardware Company purchased new equipment that cost $24,984 including finance charges. The firm will pay for the equipment over the next 24 months. What is the amount of each monthly payment? Do not use a calculator
1.Linda Taylor borrowed $90,000 to purchase a home. The monthly mortgage payment for principal and interest is $835.20 for fifteen years. Calculate the following: Total Repayment amount: And Total Cost of Interest
2.In the number 89,615,122, identify the digits in the ten millions position, in the hundred thousands position, and in the ones position.
3.Round 392,464 to the nearest thousand
4. During the four quarters of , Northern Fence and Gate, Inc. earned the following profit amounts: First Quarter: $5,084 Second Quarter:$6,396 Third Quarter:$4,351 Fourth Quarter:$3,778 What was the total amount of profit for the year? Do not use a calculator.
5.For the following problem, calculate the difference between the two numbers. Do not use a calculator.
65
-48
_____
6.Roberts Fashion Mart purchased new display equipment on credit and agreed to make 42 monthly payments of $174 each.What was the total cost of the equipment? Do not use a calculator.
7.The Computer Hardware Company purchased new equipment that cost $24,984 including finance charges. The firm will pay for the equipment over the next 24 months. What is the amount of each monthly payment? Do not use a calculator
i am considering the following careers to finance my phd in philosophy.
Radiographer
respiratory therapist
computer specialist
LPN
web designer
computer support specialist
their is just one snag, i was originally considering radiology but it i've been told the there is a glass ceiling,at least in rochester, basically if you dint know someone on the inside then your screwed. there a guy that works at my job, he works he seafood and he has a degree in x-ray equipment, he's had it for awhile and to no avail. i just want to get a career that has a high immediate employment possibility. I live in rochester, NY. If you could help me by either sharing your knowledge or giving me some links i'd be grateful, thanks.
i am considering the following careers to finance my phd in philosophy.
Radiographer
respiratory therapist
computer specialist
LPN
web designer
computer support specialist
their is just one snag, i was originally considering radiology but it i've been told the there is a glass ceiling,at least in rochester, basically if you dint know someone on the inside then your screwed. there a guy that works at my job, he works he seafood and he has a degree in x-ray equipment, he's had it for awhile and to no avail. i just want to get a career that has a high immediate employment possibility. I live in rochester, NY. If you could help me by either sharing your knowledge or giving me some links i'd be grateful, thanks.
In the last three days one of the answers I have supplied to Yahoo Answers questioners in the Business & Finance Personal Finance section has been twice reported (same answer to multiple questioners) to Yahoo Answers as being an inappropriate answer in violation of Yahoo Answers Community Guidelines.
And, both times the Yahoo Answers team gave a thumbs up to the answer. How can I avoid this answer being reported yet again as inappropriate.
Below is the question and the determination given by Yahoo Answers:
_____________________________________
Hi UQuestion... - LifeAnswers,
Thank you for taking the time to submit an appeal. Upon review, we found the following answer was not in violation of the Answers Community Guidelines:
"There are legitimate online jobs that would help you earn steady income. The following information is for companies that hire people to work for them either as an employee or as an independent contractor. So, check them out here: http://www.ClickNWork.com http://www.WAHM.com http://www.workathomecareers.com/ http://www.alpineaccess.com/en/ http://www.liveops.com/ http://www.arise.com/ http://www.apply.westathome.com/index.ht… http://www.idapted.com Each one of these provides jobs without cost except for the equipment that you might already have (i.e. computer, dedicated telephone line, high speed internet connection, or if an independent contractor, you'll need to register your company name and pay your own taxes quarterly and then file your yearly taxes prior to April 15 the following year, etc.) These are reputable companies that have been in business for a number of years with excellent reputations. All the best to you."
The Yahoo! Answers Team regrets that your answer was wrongfully reported by the Answers community. Your answer has been reposted to Yahoo! Answers, and we are sorry for any inconvenience this may have caused.
____________________________________________
Please forgive me if this is considered crass and also for the length. My only interest here is to provide great answers and service to those whom I share information and operating within the guidelines as set forth for this great community.
Thanks for your suggestions.
In the last three days one of the answers I have supplied to Yahoo Answers questioners in the Business & Finance Personal Finance section has been twice reported (same answer to multiple questioners) to Yahoo Answers as being an inappropriate answer in violation of Yahoo Answers Community Guidelines.
And, both times the Yahoo Answers team gave a thumbs up to the answer. How can I avoid this answer being reported yet again as inappropriate.
Below is the question and the determination given by Yahoo Answers:
_____________________________________
Hi UQuestion... - LifeAnswers,
Thank you for taking the time to submit an appeal. Upon review, we found the following answer was not in violation of the Answers Community Guidelines:
"There are legitimate online jobs that would help you earn steady income. The following information is for companies that hire people to work for them either as an employee or as an independent contractor. So, check them out here: http://www.ClickNWork.com http://www.WAHM.com http://www.workathomecareers.com/ http://www.alpineaccess.com/en/ http://www.liveops.com/ http://www.arise.com/ http://www.apply.westathome.com/index.ht… http://www.idapted.com Each one of these provides jobs without cost except for the equipment that you might already have (i.e. computer, dedicated telephone line, high speed internet connection, or if an independent contractor, you'll need to register your company name and pay your own taxes quarterly and then file your yearly taxes prior to April 15 the following year, etc.) These are reputable companies that have been in business for a number of years with excellent reputations. All the best to you."
The Yahoo! Answers Team regrets that your answer was wrongfully reported by the Answers community. Your answer has been reposted to Yahoo! Answers, and we are sorry for any inconvenience this may have caused.
____________________________________________
Please forgive me if this is considered crass and also for the length. My only interest here is to provide great answers and service to those whom I share information and operating within the guidelines as set forth for this great community.
Thanks for your suggestions.
Don and Mary have the opportunity to purchase a house in the neighborhood in which they rent. Currently, they pay $925/month for rent, and, on average, $250/month for utilities. They currently have renter's insurance on their contents and pay $35/month for the coverage. The house they like is priced at $165 000, with property taxes of $140/month. In addition to the utilities, they would also have to pay electricity, which averages around $90/month . House insurance on the property is about $55/month. They have $19 000 saved for a down payment, as well as an additional $2200 saved in the anticipation of other expenses like legal fees, a lawn mower, and other yard equipment.
a) Determine the monthly mortgage cost for Don and Mary if they amortize the mortgage over 25 years at 6.75%/year.
b) Determine the total monthly expenses for Don and Mary in the rental and purchasing situations.
c) Determine the total amount Don and Mary will spend on their house assuming not extra payments are made (disregard utilities, insurance, and tax)
d) How many months could they rent the house they are in now for the same total you calculated in question (c)?
e) Which option would you recommend for Don and Mary?
I would really appreciate it if someone helped with this question, i'm not getting the right answers every time i try to do it, i dont know what i am doing wrong :/
Don and Mary have the opportunity to purchase a house in the neighborhood in which they rent. Currently, they pay $925/month for rent, and, on average, $250/month for utilities. They currently have renter's insurance on their contents and pay $35/month for the coverage. The house they like is priced at $165 000, with property taxes of $140/month. In addition to the utilities, they would also have to pay electricity, which averages around $90/month . House insurance on the property is about $55/month. They have $19 000 saved for a down payment, as well as an additional $2200 saved in the anticipation of other expenses like legal fees, a lawn mower, and other yard equipment.
a) Determine the monthly mortgage cost for Don and Mary if they amortize the mortgage over 25 years at 6.75%/year.
b) Determine the total monthly expenses for Don and Mary in the rental and purchasing situations.
c) Determine the total amount Don and Mary will spend on their house assuming not extra payments are made (disregard utilities, insurance, and tax)
d) How many months could they rent the house they are in now for the same total you calculated in question (c)?
e) Which option would you recommend for Don and Mary?
I would really appreciate it if someone helped with this question, i'm not getting the right answers every time i try to do it, i dont know what i am doing wrong :/
In light of our new healthcare bill that will put even more people on the government dole for healthcare coverage, I present these simple questions, with a little background also covered...
I work for the finance department of a hospital system. It is an absolute fact that we take a loss on all medicaid patients, in other words, we are reimbursed less than the actual cost of the visit/procedure. So here are my questions, 1 is a yes or no, and 2 is multiple choice :
1) Wouldn't simple logic and common sense tell us that more the more patients that are on government assistance, the more services we will have to perform at a loss, therefore hurting the company?
2) Obviously even a non-for profit must have an income in order to pay it's workers, so that said, how do you believe that the loss is made up for?
A) The cost is passed on to the patients on private insurance, therefore raising premiums.
B) The cost is passed on to the employees in terms of lower salaries.
C) The loss is passed on to patients in the form of cutbacks in medical equipment and staff due to lower budgets as a result of making up losses.
D) Magic
E) A combination of answers A, B, and C
Now before the lefties get all in a huff and call me mean and uncaring, take note that I do understand that SOME people do need public assistance, and it should not be outright done away with by any means. However, I believe that it should be utilized as a stepping stone to someday supporting yourself, not a way of life, and with numbers already high now, we certainly don't need MORE people on it.
David H your logic is flawed. While yes, there may be a very few cases of this, once again logic will prevail and tell us that most people who have no assets to seize or wages to garnish will qualify for government health benefits (especially so under the new law). Nearly all people who neither have insurance nor government benefits have some assets and income...if they did not, they would be on public assistance. See how logic works? Wonderful thing, that thing called logic.
And even without using logic but rather facts, I can tell you that by looking at actual numbers that we "eat" alot more costs on medicaid patients than we do on uninsured non-payers. I do this for a living, I know, I see the numbers every month.
To "the patriot" - Hey idiot, I don't care what they do in the U.K. and what U.K. publications say.
FACT - All of that is irrelavent in the U.S.
FACT - You are just a bunch of liberals with bad teeth
FACT - Americans don't criticize your ways, so shut up about ours.
FACT - Writing the word FACT in all caps repeatedly does not make you look smart
And by the way, do you work for a hospital? I do, FACT.
I might also point out that you conveniently danced around the the fact that hospitals lose money because of government welfare. I did not ask for your opinion on whehter socialism was great or not and government control of healthcare was what you liked (or other idiots in the U.K. liked).
Typical moronic liberal response, to not give straight answers to the question and instead rant about their opinions.
@ leo - typical big corporation hating liberal/socialist drivel. You prove nothing with your ranting. My numbers don't lie...and even if you take insurance out of the equation, out-of-pocket payers also have to pay more because of government programs like medicaid. I am all for reforming the insurance aspect, they are no saints themselves, but Tort reform would have been the way to go, socializing the system even more only hurts a system that is already ailing.
In light of our new healthcare bill that will put even more people on the government dole for healthcare coverage, I present these simple questions, with a little background also covered...
I work for the finance department of a hospital system. It is an absolute fact that we take a loss on all medicaid patients, in other words, we are reimbursed less than the actual cost of the visit/procedure. So here are my questions, 1 is a yes or no, and 2 is multiple choice :
1) Wouldn't simple logic and common sense tell us that more the more patients that are on government assistance, the more services we will have to perform at a loss, therefore hurting the company?
2) Obviously even a non-for profit must have an income in order to pay it's workers, so that said, how do you believe that the loss is made up for?
A) The cost is passed on to the patients on private insurance, therefore raising premiums.
B) The cost is passed on to the employees in terms of lower salaries.
C) The loss is passed on to patients in the form of cutbacks in medical equipment and staff due to lower budgets as a result of making up losses.
D) Magic
E) A combination of answers A, B, and C
Now before the lefties get all in a huff and call me mean and uncaring, take note that I do understand that SOME people do need public assistance, and it should not be outright done away with by any means. However, I believe that it should be utilized as a stepping stone to someday supporting yourself, not a way of life, and with numbers already high now, we certainly don't need MORE people on it.
David H your logic is flawed. While yes, there may be a very few cases of this, once again logic will prevail and tell us that most people who have no assets to seize or wages to garnish will qualify for government health benefits (especially so under the new law). Nearly all people who neither have insurance nor government benefits have some assets and income...if they did not, they would be on public assistance. See how logic works? Wonderful thing, that thing called logic.
And even without using logic but rather facts, I can tell you that by looking at actual numbers that we "eat" alot more costs on medicaid patients than we do on uninsured non-payers. I do this for a living, I know, I see the numbers every month.
To "the patriot" - Hey idiot, I don't care what they do in the U.K. and what U.K. publications say.
FACT - All of that is irrelavent in the U.S.
FACT - You are just a bunch of liberals with bad teeth
FACT - Americans don't criticize your ways, so shut up about ours.
FACT - Writing the word FACT in all caps repeatedly does not make you look smart
And by the way, do you work for a hospital? I do, FACT.
I might also point out that you conveniently danced around the the fact that hospitals lose money because of government welfare. I did not ask for your opinion on whehter socialism was great or not and government control of healthcare was what you liked (or other idiots in the U.K. liked).
Typical moronic liberal response, to not give straight answers to the question and instead rant about their opinions.
@ leo - typical big corporation hating liberal/socialist drivel. You prove nothing with your ranting. My numbers don't lie...and even if you take insurance out of the equation, out-of-pocket payers also have to pay more because of government programs like medicaid. I am all for reforming the insurance aspect, they are no saints themselves, but Tort reform would have been the way to go, socializing the system even more only hurts a system that is already ailing.
- Sales of shares and stocks in days and weeks beforehand
- Halliburton link, acquisition of cleanup company days before explosion
- BP report cites undocumented tampering with well sealing equipment
- Government uses disaster to push for Carbon Tax, Nationalization talk
Hearings: BP representative overruled drillers, insisted on displacing mud with seawater
http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/05/hearings_bp_representative_ove.html
Safety fluid was removed before oil rig exploded in Gulf
http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/05/safety_fluid_was_removed_befor.html
Possible prior knowledge of the explosion is evident via huge dumping of stocks and shares in the weeks and days prior to the incident.
Goldman Sachs dumped 44% of its shares in BP Oil during the first quarter – shares that subsequently lost 36 percent of their value, equating to $96 million.
http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/
Other asset management firms also sold huge blocks of BP stock in the first quarter. Though the amounts pale in comparison to Goldman’s holdings, Wachovia, owned by Wells Fargo, sold 98% of its shares in BP and Swiss bank UBS sold 97% of its BP shares.
Furthermore, as reported by the London Telegraph on June 5th, Tony Hayward, the chief executive of BP, sold £1.4 million of his shares in the fuel giant weeks before the spill.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html
And this is taken from BP's on Interim Investigation Report
http://www.scribd.com/doc/32663286/Deepwater-Horizon-Interim-Incident-Investigation-BP-s-Washington-Briefing
pg. 37
"ROV identified ***undocumented modifications to the hydraulic control system***; the extent of these modifications is unknown at this time"
- Sales of shares and stocks in days and weeks beforehand
- Halliburton link, acquisition of cleanup company days before explosion
- BP report cites undocumented tampering with well sealing equipment
- Government uses disaster to push for Carbon Tax, Nationalization talk
Hearings: BP representative overruled drillers, insisted on displacing mud with seawater
http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/05/hearings_bp_representative_ove.html
Safety fluid was removed before oil rig exploded in Gulf
http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/05/safety_fluid_was_removed_befor.html
Possible prior knowledge of the explosion is evident via huge dumping of stocks and shares in the weeks and days prior to the incident.
Goldman Sachs dumped 44% of its shares in BP Oil during the first quarter – shares that subsequently lost 36 percent of their value, equating to $96 million.
http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/
Other asset management firms also sold huge blocks of BP stock in the first quarter. Though the amounts pale in comparison to Goldman’s holdings, Wachovia, owned by Wells Fargo, sold 98% of its shares in BP and Swiss bank UBS sold 97% of its BP shares.
Furthermore, as reported by the London Telegraph on June 5th, Tony Hayward, the chief executive of BP, sold £1.4 million of his shares in the fuel giant weeks before the spill.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html
And this is taken from BP's on Interim Investigation Report
http://www.scribd.com/doc/32663286/Deepwater-Horizon-Interim-Incident-Investigation-BP-s-Washington-Briefing
pg. 37
"ROV identified ***undocumented modifications to the hydraulic control system***; the extent of these modifications is unknown at this time"
Hello All,
I soon will be computer shopping for my home and office. I’ll need at least three computers, two desktops and one laptop. I have never used Apple before only Dell and HP for at least 7 years; however I must say that I am always curious to see what Apple has to offer.
I want to create a home/office networking kind of environment with my equipment, wireless internet, printers, and all that. (Not sure how all of it works) And I can say that I am pretty computer savvy, except for the networking part because I never had to do it before. :-)
I work in Corporate Finance and Investment; I very much enjoy Microsoft Beta mostly Microsoft Word and Excel because the former allows me to translate and refers synonyms when I am writing in both English and French. I also use PDF a lot, I enjoy flash, but I do not have a certain need for it. I was told that Apple is better for people deal with Fashion/Media/Design on a daily basis.
What computer brand do you think would be best for me if budget isn't a major issue? A state-of-the-art HP or a stylish and super creative Apple? Is there something that one can do and the other cannot? Also would it function well if I were to purchase one HP desktop and one Apple laptop?
Hello All,
I soon will be computer shopping for my home and office. I’ll need at least three computers, two desktops and one laptop. I have never used Apple before only Dell and HP for at least 7 years; however I must say that I am always curious to see what Apple has to offer.
I want to create a home/office networking kind of environment with my equipment, wireless internet, printers, and all that. (Not sure how all of it works) And I can say that I am pretty computer savvy, except for the networking part because I never had to do it before. :-)
I work in Corporate Finance and Investment; I very much enjoy Microsoft Beta mostly Microsoft Word and Excel because the former allows me to translate and refers synonyms when I am writing in both English and French. I also use PDF a lot, I enjoy flash, but I do not have a certain need for it. I was told that Apple is better for people deal with Fashion/Media/Design on a daily basis.
What computer brand do you think would be best for me if budget isn't a major issue? A state-of-the-art HP or a stylish and super creative Apple? Is there something that one can do and the other cannot? Also would it function well if I were to purchase one HP desktop and one Apple laptop?
I have a business, but don't have the financial backing. We make specialize bikes on orders, and you pay upfront for it and we are looking to move location and get the equipment and staff to make them. I would like to know if i can advertise the bikes, and let people come and order the bikes and then use the money which technically would be mine because they bought the bike, and finance the moving and staff to make the bike, and then make the bike as soon as i get the stuff finished???..
The bike would be delivered on time, no hassels but i just want to know if i can take the money and do that. or do i need to do that after i have deliverd the bikes.
BTW we have a policy that if your bike i currently being built, you cannot get a refund because obviously it would be at a loss for us.
I have a business, but don't have the financial backing. We make specialize bikes on orders, and you pay upfront for it and we are looking to move location and get the equipment and staff to make them. I would like to know if i can advertise the bikes, and let people come and order the bikes and then use the money which technically would be mine because they bought the bike, and finance the moving and staff to make the bike, and then make the bike as soon as i get the stuff finished???..
The bike would be delivered on time, no hassels but i just want to know if i can take the money and do that. or do i need to do that after i have deliverd the bikes.
BTW we have a policy that if your bike i currently being built, you cannot get a refund because obviously it would be at a loss for us.
Sadik Industries must install $1 million of new machinery in its Texas plant. It can obtain a bank loan for 100% of the required amount. Alternately, a Texas investment banking firm which represents a group of investors believes that it can arrange for a lease financing plan. Assume that these facts apply:
1. The equipment falls in the MACRS 3-year class.
2. Estimated maintenance expenses are $50,000 per year.
3. The firm’s tax rate is 34%.
4. If the money is borrowed, the bank loan will be at a rate of 14%, amortized in 3 equal installments at the end of each year.
5. The tentative lease terms call for payments of $320,000 at the end of each year for 3 years. The lease is a guideline lease.
6. Under the proposed lease terms, the lessee must pay for insurance, property taxes, and maintenance.
7. Sadik must use the equipment if it is to continue in business, so it will almost certainly want to acquire the property at the end of the lease. If it does, then under the lease terms it can purchase the machinery at its fair market value at that time. The best estimate of this market value is $200,000, but it could be much higher or lower under certain circumstances.
To assist management in making the proper lease-versus-buy decision, you are asked to answer the following questions:
a.Assuming that the lease can be arranged, should the firm lease or borrow and buy the equipment? Explain. (Hint: In this situation, the firm plans to use the asset beyond the term of the lease. Thus, the residual value becomes a cost to leasing in Year 3. Also, there is no Year 3 residual value tax consequence, as the firm cannot immediately deduct the Tear 3 purchase price from taxable income).
b.Consider the $200,000 estimated residual value. Is it appropriate to discount it at the same rate as the other cash flows? What about the other cash flows – are they all equally risky? (Hint: Riskier cash flows are normally discounted at higher rates, but when the cash flows are costs rather than inflows, the normal procedure must be reversed).
Sadik Industries must install $1 million of new machinery in its Texas plant. It can obtain a bank loan for 100% of the required amount. Alternately, a Texas investment banking firm which represents a group of investors believes that it can arrange for a lease financing plan. Assume that these facts apply:
1. The equipment falls in the MACRS 3-year class.
2. Estimated maintenance expenses are $50,000 per year.
3. The firm’s tax rate is 34%.
4. If the money is borrowed, the bank loan will be at a rate of 14%, amortized in 3 equal installments at the end of each year.
5. The tentative lease terms call for payments of $320,000 at the end of each year for 3 years. The lease is a guideline lease.
6. Under the proposed lease terms, the lessee must pay for insurance, property taxes, and maintenance.
7. Sadik must use the equipment if it is to continue in business, so it will almost certainly want to acquire the property at the end of the lease. If it does, then under the lease terms it can purchase the machinery at its fair market value at that time. The best estimate of this market value is $200,000, but it could be much higher or lower under certain circumstances.
To assist management in making the proper lease-versus-buy decision, you are asked to answer the following questions:
a.Assuming that the lease can be arranged, should the firm lease or borrow and buy the equipment? Explain. (Hint: In this situation, the firm plans to use the asset beyond the term of the lease. Thus, the residual value becomes a cost to leasing in Year 3. Also, there is no Year 3 residual value tax consequence, as the firm cannot immediately deduct the Tear 3 purchase price from taxable income).
b.Consider the $200,000 estimated residual value. Is it appropriate to discount it at the same rate as the other cash flows? What about the other cash flows – are they all equally risky? (Hint: Riskier cash flows are normally discounted at higher rates, but when the cash flows are costs rather than inflows, the normal procedure must be reversed).
1.Companies may report comprehensive income on each of the statements below except
income statement
separate statement of comprehensive income
statement of stockholders' equity
retained earnings statement
2.Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
a.Retained Earnings
Cash
b.Cash Dividends Payable
Cash
c. Payed-in Capital
Cash Dividends Payable
d. Cash dividends
Cash dividends payable
7.Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in
a. the cash flows from financing activities section
b. the cash flows from investing activities section
c. a separate schedule
d. the cash flows from operating activities section
17.The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
a. the financial condition, earnings record, and dividend record of the corporation
b. investor expectations of the corporation's earning power
c. how high the par value
d. general business and economic conditions and prospects
25.Temporary investments are recorded at their cost which would include broker's commissions.
True
False
26.As with other assets, the cost of a bond investment includes all costs related to the purchase.
True
False
27. Unrealized gains and losses are reported as other comprehensive income items until the related securities are sold, then the gains and losses become realized and are included in determining net income.
True
False
29.Cash flows from investing activities, as part of the statement of cash flows, include receipts from the issuance of bonds payable.
True
False
31.Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income.
True
False
32. Sales reported on the income statement were $372,000. The accounts receivable balance declined $4,500 over the year. The amount of cash received from customers was $367,500.
True
False
1.Companies may report comprehensive income on each of the statements below except
income statement
separate statement of comprehensive income
statement of stockholders' equity
retained earnings statement
2.Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
a.Retained Earnings
Cash
b.Cash Dividends Payable
Cash
c. Payed-in Capital
Cash Dividends Payable
d. Cash dividends
Cash dividends payable
7.Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in
a. the cash flows from financing activities section
b. the cash flows from investing activities section
c. a separate schedule
d. the cash flows from operating activities section
17.The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
a. the financial condition, earnings record, and dividend record of the corporation
b. investor expectations of the corporation's earning power
c. how high the par value
d. general business and economic conditions and prospects
25.Temporary investments are recorded at their cost which would include broker's commissions.
True
False
26.As with other assets, the cost of a bond investment includes all costs related to the purchase.
True
False
27. Unrealized gains and losses are reported as other comprehensive income items until the related securities are sold, then the gains and losses become realized and are included in determining net income.
True
False
29.Cash flows from investing activities, as part of the statement of cash flows, include receipts from the issuance of bonds payable.
True
False
31.Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income.
True
False
32. Sales reported on the income statement were $372,000. The accounts receivable balance declined $4,500 over the year. The amount of cash received from customers was $367,500.
True
False
Is there anyway I could get equipment or finance it to make a short film with friends?
Not some big high tech equipment, just something simple but yet effective.
A part time job in this economic climate? YEH thats likely ^_^
Is there anyway I could get equipment or finance it to make a short film with friends?
Not some big high tech equipment, just something simple but yet effective.
A part time job in this economic climate? YEH thats likely ^_^
A company has forecasted revenues for thefirst six months of 2005 as shown on the following table:
MonthNov. 2004Dec-04Jan-05FebMarAprMayJune
Revenue$48,000.00$45,000.00$25,000.00$27,000.00$30,000.00$38,000.00$40,000.00$45,000.00
The firm collects 60% of its sales immediately, 39% one month after the sale, and 1% are written off as bad debts two months after the sale.
The firm asumes that wages and benefits paid to clerical personnel will be $7,000 per month while commissions to sales associates average
25% of collectable sales.
Each of the two partners is paid $5,000 per month. Commissions and partner salaries are paid one month after the revenue is earned.
Rent expense for their office space is $2,500 per month, and lease expense for office equipment is $800.
Utilities average $175 per month, except in May and June when they average only $100
The ending cash balance in December 2004 was $12,000
Create a cash budget for January to June 2005 and determine the firm's ending cash balance in each month assuming
that the partners wish to maintain a minimum cash balance of $8,000.
A company has forecasted revenues for thefirst six months of 2005 as shown on the following table:
MonthNov. 2004Dec-04Jan-05FebMarAprMayJune
Revenue$48,000.00$45,000.00$25,000.00$27,000.00$30,000.00$38,000.00$40,000.00$45,000.00
The firm collects 60% of its sales immediately, 39% one month after the sale, and 1% are written off as bad debts two months after the sale.
The firm asumes that wages and benefits paid to clerical personnel will be $7,000 per month while commissions to sales associates average
25% of collectable sales.
Each of the two partners is paid $5,000 per month. Commissions and partner salaries are paid one month after the revenue is earned.
Rent expense for their office space is $2,500 per month, and lease expense for office equipment is $800.
Utilities average $175 per month, except in May and June when they average only $100
The ending cash balance in December 2004 was $12,000
Create a cash budget for January to June 2005 and determine the firm's ending cash balance in each month assuming
that the partners wish to maintain a minimum cash balance of $8,000.
2. Some people have money; some people need money. Explain how the financial system links these people together.
3. Discuss the statement: “Since I have high credit card limits, I have lots of money.” Are credit cards money?
12. Rank the following assets in term of their liquidity. From least to most liquid: cash, savings deposits, gold, a house, a rare painting, a checkable deposit. Explain you rank order.
13. Is each of the following an example of direct or indirect financing?
A. John purchases stock from the biotech firm that employ’s him.
B. Mary purchases a newly issued government security.
C. John places $3,000 in a savings account at the local savings and loans.
D. John receives a loan from Mary.
E. John receives a loan from a friendly savings bank.
1. Economics is typically broken down into microeconomics and macroeconomics.
a. Microeconomics is the study of individual households and firms in a particular market.
B.Macroeconomics is the study of individual households and firms in a particular market.
c. Macroeconomics is the study of the causes and consequences resulting from the sum of all decisions made by households and firms in the economy.
d. Both a and c are correct.
2. Finance is concerned with
a. The study of the financial or monetary aspects of the production, spending, borrowing, and lending decisions of an economy.
b. How new funds get created by financial intermediaries in the borrowing process.
c. How the financial systems coordinate and channel the flow of funds from lenders to borrowers (and vice versa).
d. All of the above.
3. An example of direct finance would be
a. Your professor�s deposit of his or her salary in a checking account.
b. Your purchase of stock in IBM.
c. Your use of an ATM to get cash.
d. Contribution into your pension fund.
4. An example of Indirect finance
would be
a. You purchasing a corporate bond issued by PepsiCo.
b.You lending money to me to start a publishing company.
c.You borrowing money from Norwest Bank to buy a used car.
d.You borrowing money from a friend to by my 71 Chevy.
5.What do economists mean by capital?
a.Financial assets
b.Intangible assets
c.Cash
d.Machinery and equipment
6. Deregulation
a.Is the removing or phasing out of some existing regulations
b.Is the implementing or phasing in of new regulations
c.Is any regulation, which pertains to accounting debits.
d.Was a trend in the financial system prior to the 1970�s, but the trend of the 1970s and 1980s has been toward greater regulation
7. Which of the following would be an example of saving?
a.The purchase of this study guide for your class
b.The purchase of a corporate bond
c.Paying your rent
d.Using coupons to buy diapers at a department store.
8. Money
a.Is only cash and currency.
b.Is cash, currency, and credit cards
c.Is something, which is acceptable in payment.
d.Is income not spent on consumption
9. The difference between Surplus Spending Units (SSUs) and Deficit Spending Units (DSUs) can best be described by the following:
a.DSUs spend less on consumption and investment good than their current income.
b.SSUs spend more on consumption and investment good than their current income.
c.SSUs need to borrow (or spend savings).
d.DSUs need to borrow (or accumulate savings).
10.Exhibit 1-2 in the text shows the uses of savings for households and businesses. Which of the following is false?
a.Savings may be used for investment in newly constructed houses.
b.Savings is any income not spent on consumption by consumers or any income not distributed to the owners of business firms.
c.Businesses may use savings for investment in new capital (plant and equipment).
d.Income distributed to the owners of business firms is considered savings, since the owners are likely to retain it.
2. Some people have money; some people need money. Explain how the financial system links these people together.
3. Discuss the statement: “Since I have high credit card limits, I have lots of money.” Are credit cards money?
12. Rank the following assets in term of their liquidity. From least to most liquid: cash, savings deposits, gold, a house, a rare painting, a checkable deposit. Explain you rank order.
13. Is each of the following an example of direct or indirect financing?
A. John purchases stock from the biotech firm that employ’s him.
B. Mary purchases a newly issued government security.
C. John places $3,000 in a savings account at the local savings and loans.
D. John receives a loan from Mary.
E. John receives a loan from a friendly savings bank.
1. Economics is typically broken down into microeconomics and macroeconomics.
a. Microeconomics is the study of individual households and firms in a particular market.
B.Macroeconomics is the study of individual households and firms in a particular market.
c. Macroeconomics is the study of the causes and consequences resulting from the sum of all decisions made by households and firms in the economy.
d. Both a and c are correct.
2. Finance is concerned with
a. The study of the financial or monetary aspects of the production, spending, borrowing, and lending decisions of an economy.
b. How new funds get created by financial intermediaries in the borrowing process.
c. How the financial systems coordinate and channel the flow of funds from lenders to borrowers (and vice versa).
d. All of the above.
3. An example of direct finance would be
a. Your professor�s deposit of his or her salary in a checking account.
b. Your purchase of stock in IBM.
c. Your use of an ATM to get cash.
d. Contribution into your pension fund.
4. An example of Indirect finance
would be
a. You purchasing a corporate bond issued by PepsiCo.
b.You lending money to me to start a publishing company.
c.You borrowing money from Norwest Bank to buy a used car.
d.You borrowing money from a friend to by my 71 Chevy.
5.What do economists mean by capital?
a.Financial assets
b.Intangible assets
c.Cash
d.Machinery and equipment
6. Deregulation
a.Is the removing or phasing out of some existing regulations
b.Is the implementing or phasing in of new regulations
c.Is any regulation, which pertains to accounting debits.
d.Was a trend in the financial system prior to the 1970�s, but the trend of the 1970s and 1980s has been toward greater regulation
7. Which of the following would be an example of saving?
a.The purchase of this study guide for your class
b.The purchase of a corporate bond
c.Paying your rent
d.Using coupons to buy diapers at a department store.
8. Money
a.Is only cash and currency.
b.Is cash, currency, and credit cards
c.Is something, which is acceptable in payment.
d.Is income not spent on consumption
9. The difference between Surplus Spending Units (SSUs) and Deficit Spending Units (DSUs) can best be described by the following:
a.DSUs spend less on consumption and investment good than their current income.
b.SSUs spend more on consumption and investment good than their current income.
c.SSUs need to borrow (or spend savings).
d.DSUs need to borrow (or accumulate savings).
10.Exhibit 1-2 in the text shows the uses of savings for households and businesses. Which of the following is false?
a.Savings may be used for investment in newly constructed houses.
b.Savings is any income not spent on consumption by consumers or any income not distributed to the owners of business firms.
c.Businesses may use savings for investment in new capital (plant and equipment).
d.Income distributed to the owners of business firms is considered savings, since the owners are likely to retain it.
Preparing a Personal Balance Sheet: Using the items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, total cash flows, and total cash outflows.
Problem 3#
Rent for the month, $650
Auto insurance, $230
Monthly take-home salary, $1,950
Household possession,$3.400
Cash in checking account, $450
Stereo equipment,$2,350
Savings account balance, $1,890
Payment for electricity, $90
Spending for food,$345
Lunches/parking at
work,180
Balance of education loan, $2,160
Donations, $70
Current value of automobile, $7,800Home
computer,$1,500
Telephone bill paid for month, $65
Value of stock
investment860
Credit card balance, $235
Clothing purchase, $110
Loan payment, $80
Restaurant spending, $130
Preparing a Personal Balance Sheet: Using the items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, total cash flows, and total cash outflows.
Problem 3#
Rent for the month, $650
Auto insurance, $230
Monthly take-home salary, $1,950
Household possession,$3.400
Cash in checking account, $450
Stereo equipment,$2,350
Savings account balance, $1,890
Payment for electricity, $90
Spending for food,$345
Lunches/parking at
work,180
Balance of education loan, $2,160
Donations, $70
Current value of automobile, $7,800Home
computer,$1,500
Telephone bill paid for month, $65
Value of stock
investment860
Credit card balance, $235
Clothing purchase, $110
Loan payment, $80
Restaurant spending, $130
Statement of Cash Flows. Ruby Slippers, Inc. reported the following: net income $300; depreciation $50; accounts receivable increased $50; accounts payable decreased $50; paid cash for equipment $150; sold stock for cash $200; and beginning cash $400.
Total Cash Provided by Operating Activities
Answer
Total Cash Provided by Investment Activities
Total Cash Provided by Financing Activities
Net Increase (Decrease) in Cash
Ending Cash
Statement of Cash Flows. Ruby Slippers, Inc. reported the following: net income $300; depreciation $50; accounts receivable increased $50; accounts payable decreased $50; paid cash for equipment $150; sold stock for cash $200; and beginning cash $400.
Total Cash Provided by Operating Activities
Answer
Total Cash Provided by Investment Activities
Total Cash Provided by Financing Activities
Net Increase (Decrease) in Cash
Ending Cash
which of the following is not a part of comprehensive income? is it b
a. foreign currency items
b. restricting charges
c. unrealized gains and loses
d. pension liability adjustments
which of the following is a none cash investing and financing activity (is it D )
a payment of a cash dividend
b.payment of a six month note payable
c.purchase of merchandise inventory on account
d.issuance of common stock
the statement of cash flows may be issued by management to ( is it A )
a. assess to asses liquidity
b. assess the major policy decision involving investment and financing
c.determine a dividend policy
d.do all the above
Which of the following should be deducted form net income in calculating net cash flow from operating activities using in the direct method ( is it B)
a. depreciation expense
b. amortization premium on bond payable
c. a loss on the sale of equipment
d.dividends declared and paid
On the statement of cash flows the cash flows from operating activities section would include IS IT (B?)
a. receipts from the issuance of capital stock
b. payment for interest on short term notes payable
c. payments for the acquisition of investments
d. payments for cash dividends
which of the following is not a part of comprehensive income? is it b
a. foreign currency items
b. restricting charges
c. unrealized gains and loses
d. pension liability adjustments
which of the following is a none cash investing and financing activity (is it D )
a payment of a cash dividend
b.payment of a six month note payable
c.purchase of merchandise inventory on account
d.issuance of common stock
the statement of cash flows may be issued by management to ( is it A )
a. assess to asses liquidity
b. assess the major policy decision involving investment and financing
c.determine a dividend policy
d.do all the above
Which of the following should be deducted form net income in calculating net cash flow from operating activities using in the direct method ( is it B)
a. depreciation expense
b. amortization premium on bond payable
c. a loss on the sale of equipment
d.dividends declared and paid
On the statement of cash flows the cash flows from operating activities section would include IS IT (B?)
a. receipts from the issuance of capital stock
b. payment for interest on short term notes payable
c. payments for the acquisition of investments
d. payments for cash dividends
What are the costs of having a baby?
what are the costs of having a baby?
My fiance' and i are planning to try for a baby in a few months time..so excited but he is worried about finances! I know we arent doing it hard compared to alot of people so it fustrates me that he is so worried. I currently work full time and earn about $35,000 AU. a year (after tax) but when bubs comes i probably will quit work so lets base it on one income only.
So my fiance earns about $60,000 AU a year. We have a mortgage which repayments work out to be $24,000 AU a year. All our bills incuding our house & contents insurance, car insurance, council rates and food shopping are approx $18,000 AU a year. So that adds up to $42,000 AU per year in bills, food & mortgage but thats excluding actual repayment money off the mortgage (the 24k covers the interest only) So that leaves $18,000 AU - is that enough to cover all the costs of raising a baby? Like medical, food, play equipment and nappies? I plan to breastfeed. Can anyone tell me how much on average per year or per week or per month it costs to raise a baby for the first few years whilst in nappies?? In Australian dollars would be great if you can, but if not any advice would be great.
In australia i know we get the baby bonus which is $5000 and paid in installments i believe thats a once of payment though. I'm unsure if we will be eligable for the family tax benift though??
All help appreciated :) im so excited and i want my fiance to get excited too and not worry about money so we can make our wish come true.
thanks everyone
What are the costs of having a baby?
what are the costs of having a baby?
My fiance' and i are planning to try for a baby in a few months time..so excited but he is worried about finances! I know we arent doing it hard compared to alot of people so it fustrates me that he is so worried. I currently work full time and earn about $35,000 AU. a year (after tax) but when bubs comes i probably will quit work so lets base it on one income only.
So my fiance earns about $60,000 AU a year. We have a mortgage which repayments work out to be $24,000 AU a year. All our bills incuding our house & contents insurance, car insurance, council rates and food shopping are approx $18,000 AU a year. So that adds up to $42,000 AU per year in bills, food & mortgage but thats excluding actual repayment money off the mortgage (the 24k covers the interest only) So that leaves $18,000 AU - is that enough to cover all the costs of raising a baby? Like medical, food, play equipment and nappies? I plan to breastfeed. Can anyone tell me how much on average per year or per week or per month it costs to raise a baby for the first few years whilst in nappies?? In Australian dollars would be great if you can, but if not any advice would be great.
In australia i know we get the baby bonus which is $5000 and paid in installments i believe thats a once of payment though. I'm unsure if we will be eligable for the family tax benift though??
All help appreciated :) im so excited and i want my fiance to get excited too and not worry about money so we can make our wish come true.
thanks everyone
what are the costs of having a baby?
My fiance' and i are planning to try for a baby in a few months time..so excited but he is worried about finances! I know we arent doing it hard compared to alot of people so it fustrates me that he is so worried. I currently work full time and earn about $35,000 AU. a year (after tax) but when bubs comes i probably will quit work so lets base it on one income only.
So my fiance earns about $60,000 AU a year. We have a mortgage which repayments work out to be $24,000 AU a year. All our bills incuding our house & contents insurance, car insurance, council rates and food shopping are approx $18,000 AU a year. So that adds up to $42,000 AU per year in bills, food & mortgage but thats excluding actual repayment money off the mortgage (the 24k covers the interest only) So that leaves $18,000 AU - is that enough to cover all the costs of raising a baby? Like medical, food, play equipment and nappies? I plan to breastfeed. Can anyone tell me how much on average per year or per week or per month it costs to raise a baby for the first few years whilst in nappies?? In Australian dollars would be great if you can, but if not any advice would be great.
In australia i know we get the baby bonus which is $5000 and paid in installments i believe thats a once of payment though. I'm unsure if we will be eligable for the family tax benift though??
All help appreciated :) im so excited and i want my fiance to get excited too and not worry about money so we can make our wish come true.
thanks everyone
what are the costs of having a baby?
My fiance' and i are planning to try for a baby in a few months time..so excited but he is worried about finances! I know we arent doing it hard compared to alot of people so it fustrates me that he is so worried. I currently work full time and earn about $35,000 AU. a year (after tax) but when bubs comes i probably will quit work so lets base it on one income only.
So my fiance earns about $60,000 AU a year. We have a mortgage which repayments work out to be $24,000 AU a year. All our bills incuding our house & contents insurance, car insurance, council rates and food shopping are approx $18,000 AU a year. So that adds up to $42,000 AU per year in bills, food & mortgage but thats excluding actual repayment money off the mortgage (the 24k covers the interest only) So that leaves $18,000 AU - is that enough to cover all the costs of raising a baby? Like medical, food, play equipment and nappies? I plan to breastfeed. Can anyone tell me how much on average per year or per week or per month it costs to raise a baby for the first few years whilst in nappies?? In Australian dollars would be great if you can, but if not any advice would be great.
In australia i know we get the baby bonus which is $5000 and paid in installments i believe thats a once of payment though. I'm unsure if we will be eligable for the family tax benift though??
All help appreciated :) im so excited and i want my fiance to get excited too and not worry about money so we can make our wish come true.
thanks everyone
Crosby Corporation
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flow from operating activities:
Net Income (EAT) ……………………… $160, 000
Adjustments to determine cash from operating activities:
Add back depreciation ……………. 150, 000
Increase in accounts receivables … (50,000)
Increase in inventory ………………. (20,000)
Decrease in prepaid expenses ……… 20,000
Increase in accounts payable ………. 190,000
Decrease in accrued expenses ……… (20,000)
Total Adjustments ……….……… $270,000
Net cash flows from operating activities… $430,000
Cash flows from investment activities:
Decrease in investments………………… 10,000
Increase in plant and equipment………… (400,000)
Net Cash flow from investment activities… (390,000)
Cash flow from financing activities:
Increase in bonds payable………………….. 50,000
Preferred stock dividends paid…………….. (10,000)
Common stock dividends paid……………. (50,000)
Net cash flows from financing activities…. (10,000)
Net increase (decrease) in cash flows………… $30,000
Crosby Corporation
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flow from operating activities:
Net Income (EAT) ……………………… $160, 000
Adjustments to determine cash from operating activities:
Add back depreciation ……………. 150, 000
Increase in accounts receivables … (50,000)
Increase in inventory ………………. (20,000)
Decrease in prepaid expenses ……… 20,000
Increase in accounts payable ………. 190,000
Decrease in accrued expenses ……… (20,000)
Total Adjustments ……….……… $270,000
Net cash flows from operating activities… $430,000
Cash flows from investment activities:
Decrease in investments………………… 10,000
Increase in plant and equipment………… (400,000)
Net Cash flow from investment activities… (390,000)
Cash flow from financing activities:
Increase in bonds payable………………….. 50,000
Preferred stock dividends paid…………….. (10,000)
Common stock dividends paid……………. (50,000)
Net cash flows from financing activities…. (10,000)
Net increase (decrease) in cash flows………… $30,000
This post is not some sort of cheap attempt to get a measly few more views on my site from this community. I genuinely want your ideas on my situation.
My situation (A new beginning):
I just started an IT business a few months ago on the Gold Coast (IT Support, Web design, Computer repair, Computer sales etc). I went all out and QUIT MY JOB to make this happen. Most of my available funds and time have gone in to equipment, general setup (server, web site, some starter clients). I have a couple of refered clients (from friends and family) but not nearly enough to cover my old wage as an Network Administrator.
Dilemma (The news):
Soon after Quitting my job to start this business I found out I AM GOING TO BE A DAD! Great news...! I am ecstatic! but fearful at the same time because of my situation. My wife will soon be unable to work and I will need to support the family myself. Doing the sums, I figure that unless my business makes an extra 10k in the next 2 months (to cover some financing etc) I will have to give up on the Business and look for work. That would not be a good option as it is hard to find a good salary in IT on the Gold Coast to cover living expenses for Me, My wife, My Mother in-law (living with us) and a new born due in in a few months.
So you see, my business MUST WORK! I have no other option. About 5 - 10 new steady clients would do it, but how?!
Done so far:
Here are some of the things I have done so far (Please be honest with your criticism on these, I need to know what to change):
*Registered a business name "DO IT Solutions" (Direct & Online IT Solutions)
*Purchased a 1300 number 1300 DO IT 4U / 1300 36 48 48 (cheesy I know)
*Created a dot com dot au website (I hope I am allowed to put this:) doitsolutions.com.au
*Created a "DOITSolutions" facebook page with a custom welcome page using FBML facebook.com/doitsolutions
*Created a twitter account twitter.com/doitsolutions
*Linked the special offers on my web site to an RSS feed which updates Facebook and Twitter
*Offered a discount for facebook fans (to help raise the amount of fans that will in tern receive my specials via facebook as listed, there are 47 at the moment I think, just friends of mine)
*Added links from the front page of my web site to become a facebook fan or follow on twitter
*Listed with online advertising on Truelocal (com au site) for $300 / month, considering cancelling it as only getting about 1 view per day and no calls :(
*Listed with many other free online advertising sites and some cheaper paid ones (Clickfind, dlook etc)
So far I just haven't managed to penetrate the market enough.
Please help me think of ideas:
Example idea:
1) Brochure, local handout:
I am thinking of creating a brochure. One side with an IT Support special and the other side with a Web design special. Maybe a cheap monthly payment plan for a new website (eg. $70 - 80 / month, maybe including domain registration and web hosting or similar) instead of reducing my upfront amount web site amount. And then delivering it to my local businesses. I would hate being one of those annoying people that drop and to give you a brochure unannounced, but I am that determined to make this work.
Please, any ideas will help. Share a story about a a similar experience, or a possible idea for a plan. Any input would be much appreciated! :)
Michael A.
This post is not some sort of cheap attempt to get a measly few more views on my site from this community. I genuinely want your ideas on my situation.
My situation (A new beginning):
I just started an IT business a few months ago on the Gold Coast (IT Support, Web design, Computer repair, Computer sales etc). I went all out and QUIT MY JOB to make this happen. Most of my available funds and time have gone in to equipment, general setup (server, web site, some starter clients). I have a couple of refered clients (from friends and family) but not nearly enough to cover my old wage as an Network Administrator.
Dilemma (The news):
Soon after Quitting my job to start this business I found out I AM GOING TO BE A DAD! Great news...! I am ecstatic! but fearful at the same time because of my situation. My wife will soon be unable to work and I will need to support the family myself. Doing the sums, I figure that unless my business makes an extra 10k in the next 2 months (to cover some financing etc) I will have to give up on the Business and look for work. That would not be a good option as it is hard to find a good salary in IT on the Gold Coast to cover living expenses for Me, My wife, My Mother in-law (living with us) and a new born due in in a few months.
So you see, my business MUST WORK! I have no other option. About 5 - 10 new steady clients would do it, but how?!
Done so far:
Here are some of the things I have done so far (Please be honest with your criticism on these, I need to know what to change):
*Registered a business name "DO IT Solutions" (Direct & Online IT Solutions)
*Purchased a 1300 number 1300 DO IT 4U / 1300 36 48 48 (cheesy I know)
*Created a dot com dot au website (I hope I am allowed to put this:) doitsolutions.com.au
*Created a "DOITSolutions" facebook page with a custom welcome page using FBML facebook.com/doitsolutions
*Created a twitter account twitter.com/doitsolutions
*Linked the special offers on my web site to an RSS feed which updates Facebook and Twitter
*Offered a discount for facebook fans (to help raise the amount of fans that will in tern receive my specials via facebook as listed, there are 47 at the moment I think, just friends of mine)
*Added links from the front page of my web site to become a facebook fan or follow on twitter
*Listed with online advertising on Truelocal (com au site) for $300 / month, considering cancelling it as only getting about 1 view per day and no calls :(
*Listed with many other free online advertising sites and some cheaper paid ones (Clickfind, dlook etc)
So far I just haven't managed to penetrate the market enough.
Please help me think of ideas:
Example idea:
1) Brochure, local handout:
I am thinking of creating a brochure. One side with an IT Support special and the other side with a Web design special. Maybe a cheap monthly payment plan for a new website (eg. $70 - 80 / month, maybe including domain registration and web hosting or similar) instead of reducing my upfront amount web site amount. And then delivering it to my local businesses. I would hate being one of those annoying people that drop and to give you a brochure unannounced, but I am that determined to make this work.
Please, any ideas will help. Share a story about a a similar experience, or a possible idea for a plan. Any input would be much appreciated! :)
Michael A.
1.
In developing the cash flows from operating activities, most companies in the United States
Answer
use the direct method.
use the indirect method.
present both the indirect and direct methods in their financial reports.
prepare the operating activities section on the accrual basis.
2.5 points
Question 2
Question 2
1.
A transaction involving a gain on the sale of equipment affects cash provided (used) by
Answer
financing and investing activities.
operating and financing activities.
operating and investing activities.
operating, financing, and investing activities.
2.5 points
Question 3
Question 3
1.
Harden Corporation engaged in the following transaction. Assume that the Harden Corporation uses the indirect method to depict cash flows. Indicate where, if at all, purchased treasury stock with cash would be classified on the statement of cash flows.
Answer
Operating activities section.
Investing activities section.
Financing activities section.
Does not represent a cash flow.
2.5 points
Question 4
Question 4
1.
Harden Corporation engaged in the following transaction. Assume that the Harden Corporation uses the indirect method to depict cash flows. Indicate where, if at all, issued stock for equipment would be classified on the statement of cash flows.
Answer
Operating activities section.
Investing activities section.
Financing activities section.
Doe