...and context. 4) What are the main components of a database system? Explain why database design is important? An Access database consists of several different components. Each component listed is called anobject. Tables, Queries, Forms, Reports, Pages, Macros, Modules. Database Design is the database structure that will be used as plan to store and manage data. The database management system (DBMS) is the software used to implement a database design. 5) What is the role of a DBMS, and what are its advantages? What are its disadvantages? * improved data sharing * Improved data security * better data integration * minimized data inconsistency * improved data access * improved decision making * Increased end-user productivity Advantages Controlling Redundancy Data Consistency Data Sharing: Data Integration: Integrity Constraints Data Security Data Atomicity: Database Access...
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...___________________________________________________________________________ 1. Securities classified as held to maturity could be reported as either current or long-term in a classified balance sheet, depending upon their maturity dates. True 2. All investments in debt securities whose fair values are not readily determinable are carried at historical cost. True 3. False All securities considered available for sale should be reported as current assets in a classified balance sheet. True 9. False Both trading securities and securities available for sale are reported at their fair values. True 8. False Routine transfers of debt and equity investments among the trading, available for sale, and held to maturity portfolios need not be disclosed in the financial statements. True 7. False Purchases and sales of securities are always reported as investing activities in a statement of cash flows. True 6. False Net unrealized holding gains (losses) are reported in the income statement for trading securities. True 5. False Both debt and equity securities can be categorized as trading securities. True 4. False False Unrealized gains and losses are included in other comprehensive income for securities that are classified as available for sale. True False 10. When available-for-sale securities are sold, the full amount of any gain or loss realized on the sale is included in before-tax net income. True False 11. Companies must...
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...current month's sales and paid that month. Overhead is $15,000 per month, paid that month. Depreciation on Plant Assets is $15,000 per month Interest of $40,000 will be paid in each June and September Taxes of $35,000 are due in each June and September. $100,000 of capital expenditures will be paid in June $75,000 dividends pd in July Beginning cash on 6/1/10 is $20,000. Minimum cash balance is $15,000. Maximum cash balance is $50,000 (excess cash over $50,000 invested in marketable securities) In case of cash shortfall, marketable securities are liquidated before any borrowing takes place. Assume that there is no marketable security balance and no short term loan balance as of June 1 Required: Prepare the following schedules (for months of June - Sept): - round to even dollars a. Cash receipts, monthly b. Monthly cash payments c. Complete monthly cash budget d. What is the accounts receivable balance on Sept 30 (include only net amount to be paid)? e. What are each the short term loan and marketable security...
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...CHAPTER 13 REPORTING AND ANALYZING INVESTMENTS Summary of Questions by Objectives and Bloom’s Taxonomy Item | SO | BT | Item | SO | BT | Item | SO | BT | Item | SO | BT | Item | SO | BT | True-False Statements | 1. | 1 | K | 8. | 3 | C | 15. | 4 | C | 22. | 5 | C | 29. | 4 | | 2. | 1 | C | 9. | 3 | C | 16. | 4 | K | 23. | 6 | K | 30. | 5 | | 3. | 2 | K | 10. | 3 | K | 17. | 5 | C | 24. | 6 | K | 31. | 6 | | 4. | 2 | C | 11. | 3 | C | 18. | 5 | K | 25. | 6 | C | | | | 5. | 2 | C | 12. | 3 | K | 19. | 5 | K | 26. | 1 | | | | | 6. | 2 | C | 13. | 3 | K | 20. | 5 | C | 27. | 2 | | | | | 7. | 2 | K | 14. | 4 | K | 21. | 5 | K | 28. | 3 | | | | | Multiple Choice Questions | 32. | 1 | K | 47. | 3 | K | 62. | 3 | K | 77. | 4 | C | 92. | 6 | C | 33. | 1 | K | 48. | 3 | K | 63. | 3 | K | 78. | 5 | K | 93. | 6 | K | 34. | 1 | K | 49. | 3 | AP | 64. | 3 | K | 79. | 5 | K | 94. | 6 | C | 35. | 1 | K | 50. | 3 | AP | 65. | 3 | K | 80. | 5 | K | 95. | 1 | C | 36. | 1 | K | 51. | 3 | K | 66. | 3 | K | 81. | 5 | C | 96. | 2 | AN | 37. | 2 | K | 52. | 3 | K | 67. | 3 | K | 82. | 5 | K | 97. | 2 | C | 38. | 2 | C | 53. | 3 | C | 68. | 3 | C | 83. | 5 | K | 98. | 3 | AN | 39. | 2 | AP | 54. | 3 | C | 69. | 3 | C | 84. | 5 | K | 99. | 3 | AP | 40. | 2 | AN | 55. | 3 | K | 70. | 3 | C | 85. | 5 | AP | 100. | 3 | AP...
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...| A brief look at one of the 10 best investment banks- Goldman Sachs | | Submitted ToHumayan Kabir Course Teacher Merchant and Investment Banking Course code: FNB 308 Submitted ByShadman Sakib (Student ID: 1264) Md. Fahad Bhuiyan (Student ID: 1271) Edward Francis Gomes (Student ID: 1290) Md. Shariful Alam (Student ID:1287) Rezaul Karim (Student ID:1643) | Dhaka, BangladeshJune 23, 2012 | AssignmentDepartment of Finance & Banking Jahangirnagar University Savar, Dhaka | Introduction The Goldman Sachs Group, Inc. (Goldman Sachs) is global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Goldman Sachs reports activities in four segments: Investment Banking, Institutional Client Services, Investing & Lending and Investment Management. As of December 2011, it had offices in over 30 countries, including office in financial centers worldwide. Mission Goldman Sachs Group use Business Principles rather than a Mission Statement: 1. Our clients' interests always come first. Our experience shows that if we serve our clients well, our own success will follow. 2. Our assets are our people, capital and reputation. If any of these is ever diminished, the last is the most difficult to restore. We are dedicated to complying fully with the letter and spirit of the laws...
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...Introduction There are many companies that invest greatly in property, plant and equipment, especially companies that are in capital intensive industries such as the automobile industry. Those companies commit a great amount of their resources or assets to property, plant, and equipment. As a result, investors and creditors are greatly interested in the valuation of those assets. They carefully examine the financial statements of those companies and the valuation methods used to record the assets. Those investors and creditors rely on accountants to report the extent of amount committed to long term assets and to report the proper value of the assets. Cost is the preferred method used to record property, plant or equipment acquisitions. Unfortunately, it is not always easy to record long-term assets. There are different more complicated situations of recording fixed assets such as when recording self-constructed assets. Self-constructed asset is the long lived asset that has been constructed or made by the company itself. There are different costs that are incurred by the company when constructing an asset, and the issue of what costs should be capitalized as part of the asset`s cost arise. Generally it is agreed that all costs or expenses directly related to the construction process should be included as part of the asset`s cost. However, there are controversial issues regarding the assignment of fixed overhead costs and interests. Should any fixed overhead costs be assigned...
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...the tax advantages of a partnership. Professional Corporation (PC): Has most of the benefits of incorporation but the participants are not relieved of professional (malpractice) liability; known in some states as professional associations (PA). c. Stockholder wealth maximization: The basic principle where managers and decision makers are working on the behalf of the stockholders to enhance the shareholder value. Management’s primary objective should be stockholder wealth maximization. d. Money market: A financial market for debt securities with maturities of less than 1 year (short-term). The New York money market is the world’s largest. Capital market: Capital markets are the financial markets for long-term debt and corporate stocks. The New York Stock Exchange is an example of a capital market. Primary market: Markets in which newly issued securities are sold for the first time. Secondary market: Markets in which securities are resold after initial issue in the primary market. The New York Stock Exchange is an example. e. Private markets: Markets in which transactions are worked out directly between two parties and structured in any manner that...
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...E15-3 E15-4 E15-5 E15-6 Content Trading Securities. (Easy) Journal entries. Unrealized holding gain. Balance sheet disclosure. Trading Securities. (Moderate) Journal entries. Income statement and balance sheet disclosures. Long-Term Investments. (Easy) Securities available for sale. Purchase and adjusting entries. Available-for-Sale Securities. (Easy) Journal entries. Compute unrealized increase/decrease balance. Available-for-Sale Securities. (Easy) Journal entries. Balance sheet disclosure. Held-to-Maturity Bond Investment. (Easy) Premium, straight-line amortization, journal entries. Error in recording interest at acquisition. Held-to-Maturity Bond Investment. (Easy) Discount, semiannual interest receipts, straight-line and effective interest methods of amortization, journal entries. Held-to-Maturity Bond Investment. (Moderate) Discount, semiannual interest receipts, sale at gain. Effective interest method. Journal entries. Bond Investment. (Moderate) Discount, semiannual interest receipts, amortization schedule using effective interest method, journal entries. Bond Investment. (Moderate) Premium, semiannual interest receipts, amortization schedule using effective interest method, journal entries. Bond Investment. (Moderate) Premium, semiannual interest receipts, sale at loss. Effective interest method. Journal entries. Transfer Between Categories. (Easy) Reclassification from "held-to-maturity" to "available-for-sale securities." Journal entries for interest and reclassification...
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...CHAPTER 17 Investments ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics | Questions | Brief Exercises | Exercises | Problems | Concepts for Analysis | 1. Debt securities. | 1, 2, 3, 13 | | 1 | | 6 | (a) Held-to-maturity. | 4, 5, 7, 8, 10, 13, 21 | 1, 3 | 2, 3, 5 | 1, 7 | | (b) Trading. | 4, 6, 7, 8, 10, 21 | 4 | | | 1 | (c) Available-for-sale. | 4, 7, 8, 9, 10, 11, 21 | 2, 10 | 4 | 1, 2, 3, 4, 7 | 1 | 2. Bond amortization. | 8, 9 | 1, 2, 3 | 3, 4, 5 | 1, 2, 3 | | 3. Equity securities. | 1, 12, 16 | | 1 | | 6 | (a) Available-for-sale. | 7, 10, 11, 15, 21 | 5, 8 | 6, 8, 9, 11, 12, 16, 19, 20 | 3, 5, 6, 8, 9, 10, 11, 12 | 1, 2, 3 | (b) Trading. | 6, 7, 8, 10, 14, 15, 21 | 6 | 6, 7, 14, 15, 19, 20 | 6, 8 | 1, 3 | (c) Equity method. | 16, 17, 18, 19, 20 | 7 | 12, 13, 16, 17 | 8 | 4, 5 | 4. Comprehensive income. | 22 | 9 | 10 | 9, 10, 12 | | 5. Disclosures of investments. | 18 | | 10 | 5, 8, 9, 10, 11, 12 | | 6. Fair value option. | 25, 26, 27 | | 19, 20, 21 | | | 7. Impairments. | 24 | 10 | 18 | | 3 | 8. Transfers between categories. | 23 | | | 8 | 1, 3, 6 | *9. Derivatives. | 28, 29, 30, 31, 32, 33, 34, 35 | | 22, 23, 24, 25, 26, 27 | 13, 14, 15, 16, 17, 18 | | *10. Variable Interest Entities. | 36, 37 | | | | | *This material is...
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...shareholders. They are reported as (1) paid-in capital and (2) retained earnings in the balance sheet. In addition to paid-in capital and retained earnings, the other two classifications within shareholders’ equity include accumulated other comprehensive income and treasury stock. Paid-in capital consists primarily of amounts invested by shareholders when they purchase shares of stock from the corporation. Retained earnings represent the part of shareholders’ equity that is earned by a corporation on behalf of its shareholders; it is reported as a single amount. Accumulated other comprehensive income differs from net income - which has already been realized. It is often attributable to gains and losses yet to be realized from a variety of sources including unrealized pension costs, gains and losses on securities and derivatives, foreign currency hedges and net foreign investments. Treasury stock refers to shares that have been repurchased and not retired. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations. A statement of shareholders’ equity reports the sources of the changes in individual shareholders’ equity accounts. Equity attributable to the shareholders of Coca Cola includes common stock, capital surplus, reinvested earnings, accumulated other comprehensive income, and treasury stock. The number of common shares outstanding for the year ended 2010 totaled 2,292,000,000 shares. Equity attributable...
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...Chapter 19 Initial Public Offerings, Investment Banking, and Financial Restructuring ANSWERS TO END-OF-CHAPTER QUESTIONS 19-1 a. A closely held corporation goes public when it sells stock to the general public. Going public increases the liquidity of the stock, establishes a market value, facilitates raising new equity, and allows the original owners to diversify. However, going public increases business costs, requires disclosure of operating data, and reduces the control of the original owners. The new issue market is the market for stock of companies that go public, and the issue is called an initial public offering (IPO). b. A rights offering occurs when a corporation sells a new issue of common stock to its existing stockholders. Each stockholder receives a certificate called a stock purchase right, or right, giving the stockholder the option to purchase a specified number of the new shares. The rights are issued in proportion to the amount of stock that each shareholder currently owns. c. A public offering is an offer of new common stock to the general public; in other words, an offer in which the existing shareholders are not given any preemptive right to purchase the new shares. A private placement is the sale of stock to only one or a few investors, usually institutional investors. The advantages of private placements are lower flotation costs and greater speed, since the shares issued are not subject to SEC registration. ...
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...Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Debt securities. 1, 2, 3, 13 1 4, 7 (a) Held-to-maturity. 4, 5, 7, 8, 10, 13, 21 1, 3 1, 2, 3, 5 1, 7 4 (b) Trading. 4, 6, 7, 8, 10, 21 4 1, 4 (c) Available-for-sale. 4, 7, 8, 9, 10, 11, 21 2, 10 4 1, 2, 3, 4, 7 1, 4 2. Bond amortization. 8, 9 1, 2, 3 3, 4, 5 1, 2, 3 3. Equity securities. 1, 12, 13, 16 4, 7 (a) Available-for-sale. 7, 10, 11, 15, 21 5, 8 6, 8, 9, 11, 12, 16 5, 6, 8, 9, 10, 11, 12 1, 2, 3 (b) Trading. 6, 7, 8, 14, 15, 21 6 6, 7, 14, 15 6, 8 1, 3 (c) Equity method. 16, 17, 18, 19, 20 7 12, 13, 16, 17 8 5, 6 4. Comprehensive income. 22 9 10 10, 12 5. Disclosures of investments. 21 8, 9 5, 9, 10, 11, 12 6. Impairments. 24 10 18 3 7. Transfers between categories. 23 1, 3, 7 *8. Derivatives 25, 26, 27, 28, 29, 30, 31, 32 19, 20, 21, 22, 23, 24 13, 14, 15, 16, 17, 18 *9. Variable Interest Entities 33, 34 *This material is dealt with in an Appendix to the chapter. 17-2 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Identify the three categories of debt securities and describe the accounting and reporting treatment for each category. 1 2. Understand the procedures for discount and premium amortization on bond investments. 1, 2, 3, 4 2, 3, 4, 5 1, 2, 3, 4, 7 3. Identify the categories of equity securities and describe the accounting and reporting treatment for each category. 5...
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...1 CONTENTS 1. INVESTMENT BASICS.......................................................................................................7 What is Investment?...................................................................................................................7 Why should one invest? .............................................................................................................7 When to start Investing?...........................................................................................................7 What care should one take while investing?......................................................................8 What is meant by Interest?......................................................................................................8 What factors determine interest rates?...............................................................................8 What are various options available for investment?......................................................9 What are various Short-term financial options available for investment?.............9 What are various Long-term financial o ptions available for investment?............10 What is meant by a Stock Exchange?................................................................................11 What is an ‘Equity’/Share?......................................................................................................11 What is a ‘Debt Instrument’?.................................
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...indirectly contribute to the country's productive capacity. C. contribute to the country's productive capacity both directly and indirectly. D. do not contribute to the country's productive capacity either directly or indirectly. E. are of no value to anyone. 7. In 2012, ____________ was the most significant real asset of U.S. households in terms of total value. A. consumer durables B. automobiles C. real estate D. mutual fund shares E. bank loans 8. In 2012, ____________ was the least significant financial asset of U.S. households in terms of total value. A. real estate B. mutual fund shares C. debt securities D. life insurance reserves E. pension reserves 9. In 2012, ____________ was the most significant financial asset of U.S. households in terms of total value. A. real estate B. mutual fund shares C. debt securities D. life insurance reserves E. pension reserves 10. In 2012,...
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...Investing/Financing Transactions? Describe the type and amount. Answer: No, there were no Non-Cash Investing/ Financing Transactions 18.What is the dollar difference between accrual net income and Cash provided by Operations? Answer: Accrual Net Income = $ 41,733 million Cash provided by operations = $ 50,856 million Difference = $9,123 million 19.What investing activity provided the largest inflow of cash in the current year? Answer: Proceeds from sale of marketable securities 20.What investing activity used the largest amount of cash in the current year? Answer: Purchase of marketable securities 21.What financing activity provided the largest inflow of cash in the current year? Answer: Excess tax benefits 22.What financing activity used the largest amount of cash in the current year? Answer: Dividends 23.Does the company have sufficient cash inflows from the appropriate category? Describe any problems the company many experience with cash flow from your analysis of the cash flow statement. Answer: 24.Show the change in Retained Earnings for the 2 most recent years. What was net income for each year? How much was paid out in dividends each year? Answer: $ Million | 2012 | 2011 | Retained Earnings | 101,289 | 62,841 | Change in retained earnings | 38,448 | | Net Income | 41,733 | 25,922 | Dividends | 2,488 | 0 | 25.Were the dividends on common stock and/or preferred stock? What was...
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