...Ch.7 Question 2, 4, 7 2.) In order for a derivatives market to function most efficiently, two types of economic agents are needed: hedgers and speculators. Explain. A speculator attempts to profit from a change in futures price. To do this, the speculator will take a long or short position in a futures contract depending upon his expectations of future price movement. A hedger, on the other hand, wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position. In effect, the hedger passes off the risk of price variation to the speculator, who is better able, or at least more willing, to bear this risk. 4.) How can FX futures market be used for price discovery? The futures market is useful for price discovery by obtaining the markets forecast of the spot exchange rate at different future times. FX forward prices are an unbiased predictor of future spot exchange rates, the market anticipates if a currency will appreciate or depreciate. Since the futures contracts have an expiration cycle, there are different contracts that expire at different periodic date in the future. Futures contract displays a chronological pattern from settlement prices from past CD future contracts. The pattern provides information about the relative future value of a currency against another because there are steady appreciating and depreciating pattern, although it may be mixed...
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...Week 2 Case Study 1) Firm Fixed-Price Contract: A contract in which the price is not subject to any adjustment by reason of the cost experience of the contractor or his performance under the contract (FASB 2012). References to Firm Fixed-Price Contract are under the Revenue Codification. Revenue/Topic 605 Revenue Recognition/35 Construction-Type and Production-Type Contracts I did not locate any SEC documents relating directly to Firm Fixed-Price Contract but Topic 605 Revenue Recognition does house some SEC publications. 605 Revenue Recognition/10 Overall/S99 SEC Materials. The SEC requires public companies to recognize revenue when it is realized, such as at delivery or shipment of goods depending on the appropriate incoterm. Alternatively the performance of services would be considered revenue-earning. A firm fixed-price contract would indicate that the revenue amount is pre-determined by the contract price, which cannot be altered. 2) Amortized Cost: The sum of the initial investment less cash collected less write-downs plus yield accreted to date (FASB 2012). There are no links to Amortized Cost within the Codification. Amortized Cost is referred to in some subtopics relating to Subsequent Measure General, such as: Topic 954/Health Care Entities/325 Investments/35 Subsequent Measurement General and Topic 944 Financial Services-Insurance/310 Receivables/35Subsequent Measurement General. I did not locate any SEC docs as part of this Codification. 3) ...
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...14-4 Section 351 allows certain transfers of property to a corporation to escape taxation, thus allowing the business to incorporated tax free. This allows taxpayers to postpone any gain or loss until there is a substantive change in the taxpayer's investment, which encourages investment in start-up enterprises. 14-20 C corporations may select any fiscal or calendar tax year. Other forms of organization are required to adopt the tax year of their owners unless a business purpose can be established. 14-22 Corporate taxpayers can claim capital losses only against capital gains. Individuals may claim up to $3,000 in capital losses against other forms of income. Corporate capital loss carryovers become short-term losses regardless of their original status, and they are carried back three years and carried forward five years. 14-55 a. Susan has no gain or loss and her stock basis does not increase. Code Sec. 358. b. The corporation has no income from the capital contribution. Code Sec. 118. Its basis is zero since basis carries over. Code Sec. 362. c. If Susan receives 10 percent more stock, she will have to recognize her $2,000 of realized gain since she does not meet the 80 percent control requirement. Her basis in the stock equals $2,000, her cost basis. Code Sec. 1012. 14-62 The taxable income for the year is $62,000. Capital losses are deductible only against capital gains. The $5,000 long-term capital loss is carried back three years and forward five...
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...Introduction to Federal Taxation Week 4 Assignment November 24 2012 4. What is the purpose of Code Sec. 351 in regard to transfers to corporations? The purpose of Code Sec. 351 is to allow shareholders of a corporation to defer recognition of a gain or loss on the transfer of assets to a corporation. The transfer of property can be made when a new corporation is formed, or when additional capital is put into existing corporations. Without Code Sec. 351, sole proprietors and partnerships would have a difficult time adopting the corporate form of organization for legal and tax purposes because the transfer of appreciated property would create a taxable transaction. The deferral of gain or loss under this section is justified because the assets have simply been transferred to a corporation that is controlled by the transferors. Section 351 also prevents the recognition of losses on transfers of property that has declined in value. 20. What tax years are available to corporations? How do the options differ from other forms of business organizations? Upon establishing a new corporation, the corporation may choose either a calendar year or a fiscal year. They may choose either of the two regardless of the tax years of its owners which creates tax savings. This differs from other forms of business organization as the S corporation, the Partnership, and Limited Liability Companies are all required to use the calendar year unless they can establish a business purpose to...
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...date the stock was issued until the time of the loss). 2. If the stock was issued before November 7, 1978, it was issued under a written plan that met the requirements of Regulations section 1.1244(c)-1(f), and when that plan was adopted, the corporation was treated as a small business corporation under Regulations section 1.1244(c)-2(c). 3. If the stock was issued after November 6, 1978, the corporation was treated as a small business corporation at the time the stock was issued under Regulations section 1.1244(c)-2(b). To be treated as a small business corporation, the total amount of money and other property received by the corporation for its stock as a contribution to capital and paid-in surplus generally may not exceed $1 million. 4. The stock was issued for money or other property (excluding stock or securities). 5. The corporation, for its 5 most recent tax years ending before the date of the loss, derived more than 50% of its gross receipts from sources...
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...FIN 100 WK 4 Assignment 1 – Complexities of the U.S. Financials FIN 100 WK 8 Assignment 2 – Business Financing and the Capital Structure Fin 100 assignment 1 Fin 100 Assignment 2 FIN 100 HW Assignment 3 FIN 100 HW Assignment 4 FIN 100 HW Assignment 5 FIN 100 HW Assignment 6 FIN 100 HW Assignment 7 FIN 100 HW Assignment 8 FIN 100 Homework Assisgnment Week One FIN 100 Week 3 homework Homework Week 5 Homework Week 7 FIN 100 Week 3 – Lab Assignment 3 – Chapters 5 and 6 FIN 100 Week 5 – Lab Assignment 4 – Chapters 9 and 10 FIN 100 Week 6 – Lab Assignment 5 – Chapters 11 and 12 FIN 100 Week 7 – Lab Assignment 6 – Chapters 13 and 14 Week 8 DQ Week 9 DQs FIN 100 QUIZ 1 FIN 100 QUIZ 2 CHAPTER 1,4,5 FIN 100 QUIZ 3 CHAPTER 6,7,8,10 FIN 100 Quiz 4 FIN 100 Week 3 – Quiz 2 Chapters 3, 4, and 5 FIN 100 Week 5 – Quiz 3 Chapters 7 and 8 FIN 100 WEEK 9 QUIZ 6 FIN 100 Week 10 – Quiz 7 – Chapters 17 and 18 FIN 100 Quiz 5 FIN 100 Quiz 6 FIN 100 Quiz 7 FIN 100 Quiz 8 Activity mode aims to provide quality study notes and tutorials to the students of FIN 100 Principles Of Finance Complete Course New in order to ace their studies. FIN 100 PRINCIPLES OF FINANCE COMPLETE COURSE NEW To purchase this visit following link: http://www.activitymode.com/product/fin-100-principles-of-finance-complete-course-new/ Contact us at: SUPPORT@ACTIVITYMODE.COM FIN 100 PRINCIPLES OF FINANCE COMPLETE COURSE NEW FIN 100 Principles Of Finance Complete Course New FIN 100 WK 4 Assignment...
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...BUSA 2105, Fall 2015 Sections 01 and 03 Communicating in the Business Environment Instructor: Melanie Strickland Brown Office: Howard Jordan – Room E-mail: brownme@savannahstate.edu Mobile/Text Msg: 912-398-9823 Office Hours: Tuesday and Thursday from 5:00-6:00 p.m.or by phone/text most of the time COURSE DESCRIPTION: This course will cover basic principles of effective business communication. Written communication components include reports, positive and negative letters, emails, and resumes and cover letters. Oral communication components include brief summaries of exercises, a mock interview, a team presentation, and meeting management skills. Also, the class will cover cross-cultural communication, personal interaction skills, and business etiquette with a focus on electronic communication. Written documents and oral presentations must include correct grammar, spelling, and punctuation. PREREQUISITES: 1. You must have successfully completed (grade C or better) CSCI/CISM 1130, Computer and Its Applications. 2. You must have successfully completed (grade C or better) ENGL 1102, English Composition II. Remember: You are responsible for insuring that you have met the prerequisite requirements. If you are on the official roll of this course, you are certifying that you have satisfactorily completed these prerequisites prior to enrolling in BUSA 2105. If, at any time, we discover that this certification is invalid, you will be withdrawn...
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... / Phone: 713-‐525-‐3565 / Email: deweyj@stthom.edu Dr. E. Nam (LI) / AND 100 / Email: name@stthom.edu LAB EXERCISE (Pre-‐lab Quiz) PRE-‐LAB ASSIGNMENT MONDAY LAB MEETS ON FRIDAY TH SEPT 6 Turn in HW questions POST-‐LAB ASSIGNMENT Read proposal and answer homework questions (due next week) Mendelian genetics homework problems (due next week) Excel homework assignment (due next week) Group Proposal/protocol due next week Read “Art of Writing Science” Individual mini-‐report (due in 3 weeks); Individual Mini report due next week Diversity homework 1 (due next week); Final group poster (due at beginning of Lab 11) Diversity homework 2 and Group Mini report (due next week) Diversity Poster due at the end of this class! (email text of poster to...
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...International University – HCMC Department of English IE2 READING & WRITING 1. Course Statistics : 120 periods (8 credits) Number of instruction weeks : 10 Number of sessions : 30 Number of sessions per week :3 Number of periods per session 2. Pre-requisite Number of periods :4 Students who achieved IE1 course score > 50 or scored from 35-60 on the Placement Test are required to take this course. 3. Learning outcome Students who have successfully completed the course are expected to have English proficiency at high intermediate level or higher. 4. Course books Reading Activator (Intermediate) Reading Activator (Advanced) Writing Activator (Intermediate) Writing Activator (Advanced) 5. Additional material ESP Handouts NorthStar 3 – Reading and Writing (3rd edition) 6. Lab Practice 2 sessions 7. Weekly Guide: Week 1 2 Session 1 ESP Unit 01: Information Technology - Handout 1 HW: NorthStar 3 Unit 1: The World of Advertising (pp 01- 10) Unit 02: Construction - Handout 2 HW: NorthStar 3 Unit 03: Going to Extremes Sports and Obsession (pp 3948) Unit 03: Engineering 3 4 Vocabulary and Reference Introduction & Review - Introduction to Reading Skills - R.A.I: pp 14-15; 18-31 - R.A.A: pp19-27 - Introduction to Writing Skills - Review: Paragraph writing (designed by the instructor) Fact and Negative Fact - R.A.I: pp 34-47 - R.A.A: pp 35-43 Independent writing ...
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...Course Number: | MTH 1010 Section: I | Course Title: | College Mathematics | Instructor Name:Voice Mail:Email Address: | Dr. Rolanda Anderson601.977.0690Rolanda.anderson@vc.edu | Term Dates: | October 1, 2014 – December 12, 2014 | Class Meetings: | Tuesday and Thursday 12:00pm -1:50pm | Credit Hours: | Four (4) | Lecture Hours: | 40 | Lab Hours: | 0 | Course Length: | 11 weeks | Prerequisite(s): | None | Textbook: | Martin-Gay. (2014). Pre-Algebra & Introductory Algebra, Plus NEW MyMathLab with Pearson eText--Custom Valuepack Access Card, 4th Edition. NJ: Pearson. | Instructional Materials: | Textbook, Hand-outs, Outside Readings, VC Library, MyMathLab www.mymathlab.com | Course Description: | This course includes a review of the arithmetic of integers, fractions, exponents, rational numbers, real numbers, and metric units. Students are also introduced to linear equations, radicals, roots, plane geometry, and verbal problems. | Course Objectives: | Upon successful completion of this course, the student should be able to: * perform basic functions with rational numbers, including integers; * simplify expressions containing exponents; * use the order of operations agreement; * read and interpret various graph formats; * calculate mean, median, and mode of data sets; * determine the probability of an event; * work with metric units; * evaluate and simplify variable expressions; * solve basic algebraic equations;...
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...Fall 13 rev. 1 Engineering & Green Technology Department Fall River, Massachusetts Course Number & Title: Instructor: EGR172 - Material Science Prof. Sid Martin Phone #: 774-473-7934 Email: sidmartin007@gmail.com (preferred) Sidney.Martin@bristolcc.edu Engineering Materials Properties & Selection, Budinski & Budinski, Ninth Edition, Prentice Hall Lecture: Monday & Wednesday @ 11-12:15 pm, Rm: B112 Lab: Monday or Wednesday @ 12:30-1:45 pm, Rm: B112/B113 Text: Class Times & Locations: I. Course Description: A study of the physical, mechanical and chemical properties of engineering materials. Particular emphasis is placed on the interdependency of atomic structure, micro-structure, material phase relationships, and solid state reactions to each other and to the modification of these properties. The use of metals, plastics and advanced materials in economic, sustainable and reliable design is investigated. The laboratory includes metallographic examination using light microscopy and the study of material science principals and treatments of metals. II. Course Requirements: The Student is required to review daily assignments and lecture notes, and complete assigned reading, laboratory presentations and homework problems. Two hours of out of class study per class/laboratory hour should allow students to be adequately prepared for class and complete these requirements. Homework and Laboratory Presentations will follow a prescribed format and should be neat and organized...
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...HOLY FAMILY UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION AND EXTENDED LEARNING INTERMEDIATE ACCOUNTING I Semester: Fall 2014 August 27, 2014 – December 17, 2014 Course: ACCT 307 Intermediate Accounting I Credits: (3) Credit Hours Prerequisites: ACCT 206 Location: Woodhaven, Room 4 Days/Times T/TH (8:00am–9:30am) Instructor: Stephen B. Bates MBA, CPA, CGMA Office: Aquinas Hall, Rm. 17 Office Hours: T (1:30-4:30 p.m.)NE / TH (1:00-2:30 p.m.)WH Telephone: (267) 341-3522 E-mail: sbates@holyfamily.edu Catalog Course Description Preparation and interpretation of complex accounting statements, in particular assets using contemporary reporting techniques. Study of financial statements as well as in-depth analysis of the individual components of statements, with specific emphasis on current FASB statements and International Financial Reporting Standards. Students will utilize computerized spreadsheets to solve problems. Required Textbook Kieso, Weygandt, Warfield. INTERMEDIATE ACCOUNTING 15th Edition, 2013. John Wiley & Sons, Inc. Hoboken, N.J. ISBN – 978-1-118-14729-0 Other Required Resources Students will be required to access portions of selected financial statements of publicly held corporations via the internet. Additionally, three financial statements, Tootsie Roll, Hershey, and DuPont will be handed out...
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...edition, by Kimmel, Weygandt, and Kieso with WileyPlusSuggested Materials:4-Function CalculatorComposition Notebook | Instructor schedule posted outside office door or online at:http://web.byui.edu/Directory/Employee/saathoffl | Course Prerequisite Generally, students should have attained sophomore status (~30 credits) and have maintained at least a 2.5 GPA prior to enrolling in this course. Course Description and Objectives Description - This introductory course in financial accounting provides a basic foundation for other courses in accounting as well as in business and information processing. The course will include lectures, discussions relative to text assignments and problems, in class quizzes, and will emphasize basic accounting theory and practices. Homework will be done on-line in WileyPlus. Some will be reviewed in class, primarily in student groups, so that students may check their work and questions can be discussed and answered. Objectives – 1. Develop a working vocabulary of accounting terminology. 2. Gain an understanding and ability to work with accounting principles including, but not limited to, debits and credits, journalizing, posting, adjusting and closing entries/procedures, financial statements, internal controls, and corporate accounting. 3. Gain an ability to analyze transactions, apply them to the accounting cycle, prepare a trial balance, and compile financial statements. 4. Develop an understanding of and exposure to ethical issues and responsibilities...
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...ACC 201 - Financial Accounting Fall 2015 Syllabus (updated September 27, 2015) Contact Information: Professor: Michelle Yetman Email: mhyetman@ucdavis.edu (type “ACC 201” in the subject line in email correspondence) Office: Gallagher Hall, room 3408 Office phone: 530-754-7808 Office Hours: by appointment – email to schedule Class Sessions: Class sessions will be held Tuesdays from 9 AM to 12:50 AM in room 1213 Gallagher Hall. Course Content: This course will develop your knowledge of corporate financial reporting by applying the technical standards that define the recognition and measurement of assets, liabilities, and stockholders’ equity. While some emphasis will be placed on the use of accounting data for decision making, the importance of financial reporting to external users will be stressed. In addition to studying current financial reporting and disclosure requirements, we will also discuss current reporting controversies and practices. Course Objectives: Students will be expected to develop and demonstrate: • an understanding of complex financial events and their effect on financial statements, cash flows, and accounting-based contracts; • critical thinking skills (i.e., gathering and integrating data for complex situations); • an understanding of the interrelationships among the income statement, balance sheet, statement of cash flows, and footnotes; Course Materials: Textbook: Intermediate Accounting, 15th Edition by Donald E. Kieso, Jerry...
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...Topics include: audit and other reports, statistical sampling in auditing, attestation standards, reporting on future-oriented information, accountant's legal liability, Securities & Exchange Commission practice, professional ethics and using technology in auditing. Catalog Description Prerequisites: Sophomore standing; minimum grade of "C-" in ACCT 311. Topics include: audit and other reports, statistical sampling in auditing, attestation standards, reporting on future-oriented information, accountant's legal liability, Securities & Exchange Commission practice, professional ethics and using technology in auditing. Course Overview Students will become familiar with issues under the AICPA Code of Professional Conduct, pronouncements of the Public Companies Accounting Oversight Board, the Sarbanes Oxley Act, federal securities laws, and cases relating to CPA malpractice. Students will have a thorough professional knowledge of CPA reports on financial statements and special reports. Students will also learn how to apply statistical sampling and technology in auditing. Course Overview Students will become familiar with issues under the AICPA Code of Professional Conduct, pronouncements of the Public Companies Accounting Oversight Board, the Sarbanes Oxley Act, federal securities laws, and cases relating to CPA malpractice. Students will have a thorough professional knowledge of CPA reports on financial statements and special reports. Students will also learn...
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