...Case 3 Question 1 The T-bond return does not depend on the state of the economy because the interest payments will be made and the bond will be redeemed by the federal government, barring global disaster. The T-bond, since its return is independent of the state of the economy, is risk-free, but only in the nominal sense. An investor is “guaranteed” an 8.0 percent nominal return. However, the real realized return will depend on inflation over the next year. Thus, the real return, which counts most, is uncertain. Also, if interest rates rise, the bond’s price will decline (slightly, for a l-year bond, and if you must sell it to raise cash, you would suffer a slight loss (a large loss on a long-term bond). Question 2 Expected kTECO = 0.1 (-8.0%) + 0.2(.0$) + 0.4(14.0%) + 0.(25.0%) + 0.1(33.0%) = 13.5%. Expected kT-bond = 8.0%. Expected kGH = 8.8%. Expected kT-S$P 500 = 15.0%. Looking solely at expected rates of return, the S$P 500 looks best with a return of 15.0% while the T-bonds, at 8.0 percent, look the worst. Question 3 VarianceTECO = [pic]P1 (ki - k)2 = 0.1(-8 - 13.5) 2 + 0.2(2 - 13.5) 2 + 0.4(14 - 13.5) 2 + 0.2(25 - 13.5) 2 + 0.1(33 - 13.5) 2 = 137.3. [pic] = [pic]=[pic] = 11.7% CV = [pic]/Expected value = 11.7%/13.5% = 0.87. [pic]T-BOND = 0.0%. CV T-BOND = 0.00. [pic]GH = 9.1% CV GH = 1.03. [pic]S&P 50 = 16.4%. CV S&P 50 = 1.10. Standard deviation and coefficient...
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...GENERAL LEDGER APPLICATIONS USING PEACHTREE COMPLETE ACCOUNTING 2010 ®: The Winery At Chateau Americana LEARNING OBJECTIVES After completing and discussing this assignment, you should be able to: • Recognize the managerial and technological issues associated with the implementation of a general ledger package • Complete sample transactions • Understand the implications of the design of the user interface • Recognize and evaluate the strengths and weaknesses of controls embedded in a general ledger package • Compare and contrast a general ledger package with a manual accounting information system BACKGROUND As the winery has grown, Rob Breeden, the chief financial officer, has realized that management does not have timely information about the financial condition of the company. This has resulted in several instances in which the decisions made were not optimal. Therefore, he has determined that it is time to convert the current system to a general ledger package. After investigating the possibilities, he has decided to utilize Peachtree Complete Accounting 2010®. Chateau Americana has hired you to convert the system. REQUIREMENTS Using the Peachtree Complete Accounting 2010® software program contained in your CAST package or in your school computer lab, you are to convert Chateau Americana from a manual system to a general ledger software package. If you are working on this assignment on your home computer, load the software following the instructions contained on the...
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...2 Risk and Return Peachtree Securities, Inc. (A) Peachtree Securities is a regional brokerage house based in Atlanta. Although the firm is only 20 years old, it has prospered by following a simple goal – providing quality personal brokerage services to small investors. Jake Taylor, the firm’s founder and president, is well-satisfied with Peachtree’s progress. However, he is apprehensive about the future, as more and more of the firm’s customers are buying mutual funds rather than individual stocks and bonds. Thus, even though the number of customers per office has been increasing because of population growth, the number of transactions per customer has been decreasing, and hence sales growth has slackened. Taylor believes this trend will continue, so he has been actively expanding his product line in an effort to increase sales volume. As a first step, Peachtree began offering trust and portfolio management services five years ago. Many of the trust clients are retirees who are interested primarily in current income rather than capital gains. Thus, an average portfolio consists mostly of bonds and high yield stocks. The stock component is heavily weighted with electric utilities, an industry that has traditionally paid high dividends. For example, the average electric company’s dividend yield was about 6.3 percent in 1992, versus an average stock’s yield of 3.1 percent. Until 1993, Peachtree had no in- house security analysts –all stock and bond selections were based on research...
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...life insurance brokers viatical life insurance fraud insurance settlements life insurance scam is life insurance a scam what is a viatical lphi viaticals aetna life insurance life insurance scams life insurance settlement life settlement insurance insurance life settlement settlement life insurance life insurance life settlement settlement options life settlement life insurance senior settlement viatical settlement settlement viatical life insurance settlements life settlements insurance viatical settlements insurance life settlements life settlement fund life settlements fund life settlement funds life settlement companies settle insurance claim life partners holdings life settlement company life partners inc senior settlements life settlements companies life settlement investment senior life settlements life settlement broker senior life settlement structured insurance settlement life settlements investment life settlement investments life settlement industry life settlement providers life settlement investors premium finance life insurance life settlements broker life settlements investments life settlement association viatical life settlement life settlement brokers life settlement viatical viatical insurance viatical company viatical and life settlement insurance viatical life settlement policy life settlement provider life settlement report life settlement market life settlements report viatical definition viatical...
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...Hire Dynamics LLC 1845 Satellite Blvd., Suite 800, Duluth, Ga. 30097 (678) 482-8041 • www.hiredynamics.com Bain Staffing Services 3131 Main St., East Point, Ga. 30344 (404) 768-8449 • www.bainstaffing.com Kelly Services Inc. 1201 Peachtree St., Suite 420, Atlanta, Ga. 30361 visit website for branch listings • www.kellyservices.com Manpower Group 6309 Roswell Road, Suite 9-2A, Sandy Springs, Ga. 30328 (404) 256-6980 • www.us.manpower.com EmployBridge Holding Co. 1040 Crown Pointe Parkway, Suite 1040, Atlanta, Ga. 30338 (770) 671-1900 • www.employbridge.net Delta Global Staffing P.O. Box 20706, Atlanta, Ga. 30320 (404) 715-4300 • www.deltaglobalstaffing.com Staffmark 200 Galleria Parkway, Suite 260, Atlanta, Ga. 30339 (770) 955-0112 • www.staffmark.com TRC Staffing Services Inc. 115 Perimeter Center Place N.E., Suite 850, Atlanta, Ga. 30346 (770) 392-1411 • www.trcstaffing.com TEK Systems 10 10th St., Suite 300, Atlanta, Ga. 30309 (404) 682-5800 • www.teksystems.com Chase Professionals 750 Hammond Drive, Building 9, Atlanta, Ga. 30328 (404) 250-0919 • www.chaseprofessionals.com LGS Staffing 3699 Chamblee-Dunwoody Road, Atlanta, Ga. 30341 (770) 234-0880 • www.lgsstaffing.com Preferred Personnel Solutions Inc. (15) 425 Barrett Parkway, Suite 4045, Kennesaw, Ga. 30144 (770) 795-7774 • www.preferredpersonnel.com (14) 2630 Holcomb Bridge Road, Suite 630, Alpharetta, Ga....
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...Introduction Accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. It is an organized set of manual and computerized methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for management decisions. Originally, the accounting information systems were mostly developed in-house but such solutions were difficult to develop and costly to maintain. Today, they are more commonly sold as prebuilt software packages through vendors such as Microsoft, Sage Group, SAP and Oracle. Microsoft Dynamics GP by Microsoft and Peachtree Complete Accounting by Sage Group are two examples of commonly used accounting systems. Microsoft Dynamics GP Microsoft Dynamics GP was originally developed by North Dakota-based Great Plains software and was acquired by Microsoft in 2002. MS DGP offers a solid solution with 54 modules, a good user-friendly design, excellent customization capabilities, solid end-user support, and a good offering of third-party add-on applications. It is the most well known mid market accounting solution. The price ranges from $1,995 per user to $3,995 per user, depending on whether you purchase the 10 module or advanced module editions. It has applications for financial management, human resources management, manufacturing planning, supply chain management, field service, business intelligence...
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...would recommend that system over the other. The benefits of utilizing a database are substantial. In today’s revolutionary business world, it is hard to imagine a company not desiring to invest in a Software that can manage information, and offer a level of security with password protection for wondering eyes (Thomas, 2013). The advantages of a business to use Peachtree Software are rapid access to information, trouble-free reporting, good organization, and many other features. Peachtree Software is written in Microsoft Access, without problems that can rapidly track employee’s attendance, evaluations, payroll, customers’ data, training, and applicants’ data, as well as making sure the company is well informed about any changes in government regulation (HR data manager, 2013). Another database system would be Oracle PeopleSoft that offers compensation, recruiting solutions, payroll interface, time and labor record keeping, travel and expense, and general ledger/budgeting report, which is beneficial to any organization (Oracle. para 4, 2006). However, there are some disadvantages in having these systems such, as a non- manager may engage in identity theft and retrieve an employee’s restricted data, or breach of security with the system could lead to legal matters. The cost per users could range from $40-$100, and then installing the system could start at around $50,000 and up. Another disadvantage is that managers could become solely dependent on...
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...Stock Valuation Peachtree Securities, Inc. (B) Laura Donahue, the recently hired utility analyst for Peachtree Securities, passed her first assignment with flying colors. After presenting her seminar on risk and return, any customers where clamoring for a second lecture. Therefore, Jake Taylor, Peachtree’s president, gave Donahue her second task: determine the value of TECO Energy’s securities (common stock, preferred stock, and bonds) and prepare a seminar to explain the valuation process to the firm’s customers. To begin, Donahue reviewed the Value Line Investment Survey data. Next Donahue examined Teco’s latest Annual Report, especially Note E to the Consolidated Financial Statements. This note lists TECO’s long-term debt obligations, including its first-mortgage bonds, installment contracts, and term loans. Table 1 contains information on three of the first-mortgage bonds listed in the Annual Report. Table 1 Partial Long Term Debt Listing for TECO Energy Face Amount Coupon Rate Maturity Year Years to Maturity $ 48,000,000 4 1/2% 1997 5 32,000,000 8 ¼ 2007 15 100,000,000 12 5/8 2017 25 Note: The terms stated here are modified slightly from the actual terms to simplify the case. A concern which immediately occurred to Donahue was the phenomenon of “event risk.” Recently, many investors have shied away from the industrial bond market because of the wave of leveraged buyouts (LBOs) and debt-financed corporate takeovers that took place during the 1980s...
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...Stock Valuation Peachtree Securities, Inc. (B) Laura Donahue, the recently hired utility analyst for Peachtree Securities, passed her first assignment with flying colors. After presenting her seminar on risk and return, any customers where clamoring for a second lecture. Therefore, Jake Taylor, Peachtree’s president, gave Donahue her second task: determine the value of TECO Energy’s securities (common stock, preferred stock, and bonds) and prepare a seminar to explain the valuation process to the firm’s customers. To begin, Donahue reviewed the Value Line Investment Survey data. Next Donahue examined Teco’s latest Annual Report, especially Note E to the Consolidated Financial Statements. This note lists TECO’s long-term debt obligations, including its first- mortgage bonds, installment contracts, and term loans. Table 1 contains information on three of the first-mortgage bonds listed in the Annual Report. Table 1 Partial Long Term Debt Listing for TECO Energy Face Amount Coupon Rate Maturity Year Years to Maturity $ 48,000,000 4 1/2% 1997 5 32,000,000 8 ¼ 2007 15 100,000,000 12 5/8 2017 25 Note: The terms stated here are modified slightly from the actual terms to simplify the case. A concern which immediately occurred to Donahue was the phenomenon of “event risk.” Recently, many investors have shied away from the industrial bond market because of the wave of leveraged buyouts (LBOs) and debt-financed corporate takeovers that took place during the 1980s....
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...PhD, CPA Chair and Professor of Accounting Texas State University-San Marcos Boston Burr Ridge, IL Dubuque, IA Madison, Wl New York San Francisco St. Louis Bangkok Bogota Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto Table of Contents Chapter 1 Integrity: The Basis for Ethics in Accounting 1 What Is Ethics? 1 Definition 1 Application of Ethical Reasoning in Accounting DigitPrint Case 33 32 Conclusion 34 Discussion Questions 34 Endnotes 36 Chapter 2 Cases 37 2 Case 2-1: A Faulty Budget 38 Case 2-2: Better Boston Beans 39 Case 2-3: Eating Time 40 Case 2-4: Is Internal Whistle-Blowing "Right"? Case 2-5: Play Ball 43 Case 2-6: Supreme Designs, Inc. 44 Case 2- 7: The City of West Buckle 46 Case 2-8: The CPA Review Course 47 Case 2-9: The Ethics ofiPod-ing 48 Case 2-10: The Tax Return 49 Distinguishing between Ethics and Morality Religious and Philosophical Foundations of Ethics 3 Teleology 4 Deontology 6 41 Acting with Integrity Personal Integrity 8 7 The Moral Point of View 7 The Six Pillars of Character.... 8 Trustworthiness 8 Respect 10 Responsibility 10 Fairness 11 Caring 11 Citizenship 12 Chapter 3 Ethical Decision Making in Business 50 What Is Business Ethics? 51 Ethical Issues in Business 51 Virtue, Character, and CPA Obligations 12 Scope and Organization of the Text 12 Conclusion 14 Discussion Questions 14 Endnotes 15 Chapter 1 Cases 17 Case 1-1: A Student...
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...Lands’ End Case Study Shawan M. Fisher, MPA Management Information Systems Texas Southern University Fall 2015 September 30, 2015 Discussion of Company In 1963, Gary Comer, an advertising copywriter with Young & Rubicam, decided to pursue his dream of opening his own business. With $30,000 of initial funding, Comer and his partners Robert Halperin, Richard Stearns and 2 of Stearns employees set out to open Lands’ End. The first store was located in Chicago IL. and initially offered sailing equipment. Comer was an avid sailor along with Richard Stearns who was also a sailor. The next year, Comer produced a mail order catalog entitled “The Racing Sailors Equipment Guide”, and began filling orders that came in to the company. In the spring of 1977, Lands End produced its first catalog containing apparel and other goods. That same year, sales reached $3.6 million. In 1978, the company introduced its first button-down Oxford shirt upon which the Lands’ End legacy would be built. Also in 1978, operations were moved from Chicago to Dodgeville, WI. Another significant shift in operations at the time was the introduction of fulfilling customers’ orders by telephone. Lands’ End set up its toll free 800- number ad staffed it with eager operators who were answering customers’ calls in less than 2-rings! With clothing offerings soaring, the company broke ground on an office building and a 33,000 square-foot warehouse in 1979. By 1980, Lands’ End...
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...You are an Entrepreneur!: Sports Officials Plus Abstract: A case study for the Strayer University, Alexandria, VA, Business 557 Financial Accounting class, this paper provides for the initial draft of a business plan for a small privately-owned, local business to be called Sports Official Plus, LLC. It will provide a review of its product, personnel staffing, a chart of accounts, and a pro forma balance sheet and income statement. Also provided will be a review of some internal control measures and asset protection, a regulatory impact statement especially as related to Sarbanes-Oxley and the application of GAAP versus IFRS. Business Plan – Sports Officials Plus Sports Officials Plus is a new apparel store that caters to the sports official community in northern Virginia, the District of Columbia and southern Maryland. As our name suggests our focus is to provide the shoes, clothing and accessories that officials from various sports require to perform their jobs and to position ourselves as the top retail store servicing this particular market. We are the only apparel store in the in the northern Virginia area to specialize in gear for sports officials. My intention is to obtain 80% market share and become a central hub of shopping activity for the regional sport official and their support organizations. Sports Officials Plus will be located at in the revitalized Springfield Plaza in in Springfield, VA allowing for easy access from anywhere in the surrounding area...
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...TEST NUMBER: ________________ FI 3300 – CORPORATION FINANCE FINAL EXAM Summer 2008 NAME _____________________________________________ STUDENT NUMBER _________________________________ CLASS DAYS/TIME _______________ INSTRUCTOR _________________________ READ THE FOLLOWING DIRECTIONS VERY CAREFULLY. FAILURE TO FOLLOW THESE INSTRUCTIONS WILL ALMOST CERTAINLY RESULT IN YOUR EXAM BEING MISGRADED WHICH WILL ADVERSELY AFFECT YOUR GRADE. IF THERE IS ANYTHING ABOUT THE DIRECTIONS THAT YOU DO NOT UNDERSTAND, ASK YOUR INSTRUCTOR IMMEDIATELY. 1. Fill in your name, student number, and the days and time of the class for which you are registered (for example, T/TH at 5:00pm) on the Answer Sheet as well as on the lines above. 2. In the box on the Answer sheet titled “TEST NUMBER” record the number that appears in the upper right hand corner of this sheet on the line “TEST NUMBER” – since there are multiple versions of the exam, failure to do so may result in your exam being graded with the wrong answer key!!! DO NOT COPY FROM SOMEONE ELSE’S EXAM – YOUR NEIGHBOR MAY HAVE A DIFFERENT VERSION OF THE EXAM!!! 3. Read each question very carefully. Consider all of the answer choices and then select the best correct answer – there is only one best answer per question. Circle the letter answer on the exam and record your answers on the Answer Sheet. NOTE WELL: ONLY THE ANSWER KEY WILL BE GRADED!!! 4. You may use a financial calculator. No notes, formula sheets, scratch...
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...CW’s Accounting and Bookkeeping Palace Bachelors Capstone Final Project Christie D. Welch MT499P-01 Dr. Patricia Wolf Table of Contents Section 1: Executive Summary (Business Description) 2 Section 2: Code of Conduct 7 Section 3: Marketing Plan (Strategy and SWOT) 9 Section 4: Operations 14 Section 5: Finance 18 Section 6: Cash Flow Analysis 19 Section 7: Information Management 21 Section 8: Management Summary 24 References 28 Appendix 31 Section 1: Executive Summary (Business Description) CW’s Accounting and Bookkeeping Palace During the fall of 2014, I plan to open CW’s Accounting and Bookkeeping Palace. This company will mainly advertise to the small businesses within the surrounding area. During tax season CW’s will also do personal taxes. We will treat each customer as an individual. We will strive to grow with the ease of confidence and a great reputation. CW’s will be located on the North side of Jacksonville where there are only a few accounting firms. The business will try to establish a professional accounting/bookkeeping service that will reflect our quality performance and fill a wide range of business needs (Starting a booking business). As our company grows will expand to bring in more clients but to start off it will be for small businesses that either do not have an accountant or that is dissatisfied with the performance of their current accountant. Vision Statement Our vision statement is, “Drop off your books and...
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...Information Technology Implementation Plan for ProComm Technology Solutions, an IT Consulting Company George Lisboa Jr. American Public University System Abstract Companies must constantly search for new advantages, make smart entrepreneurial decisions, and orchestrate strategic change in order to stay ahead of the competition. Most of the world’s leading companies make regular use of consulting services to help them build and strengthen their competitive advantages. In responding to uncommon situations or those not previously encountered, companies often do not have the time, expertise, or experience to develop solutions or prepare important decisions internally. In situations that go beyond the day-to-day IT management of the company, an IT consulting firm can be highly valuable. Experienced consultants can help facilitate and drive a major endeavor. Outside experts can also serve as a functioning partner, challenging management with a keen, impartial view. This paper attempts to analyze the IT implementation requirements of an IT consulting company and the services offered, products served and the clients that need them. The IT requirement needs of this business is a collection of facts, resources, ideas, planning methods and processes that form the basis of a business plan implementation. In researching this paper, I have compiled resources from various books, literature and journals that enabled me to put together the IT requirement needs of an IT consulting...
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