valuation of its inventory. E. Partially completed television sets are carried at the sum of the cost incurred to date. F. Land purchased 15 years ago for $40,500 is now worth $346,000. It is still carried on the books at $40,500. G. Zero Corporations is being sued for $1 million for breach of contract. Its lawyers believe that the damages will be minimal. Zero reports the possible loss in a note. 3. The primary current source of generally accepted accounting principles or nongovernmental
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pResented by the society of ActuARies, the cAsuAlty ActuARiAl society And the cAnAdiAn institute of ActuARies Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications Copyright 2008 by the Society of Actuaries. R I s k M a n a g e M e n T: the current financial crisis, lessons learned and future implications introduction the current financial crisis presents a case study of a “financial tsunami” (as former federal Reserve chairman Alan Greenspan recently
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TITLE OF PAPER NOT DECIDED Stephen Dyer Special Studies: Economics 4950 Spring 2012 Hull College of Business at Augusta State University I. Introduction II. Overview of the World Financial Map a. International Monetary Fund (IMF) i. The World Bank (TWB) b. Bank for International Settlements (BIS) i. Committee on Global Financial System (CGFS) ii. Financial Stability Institute (FSI) c. Basel Committee on Banking Supervision (BCBS) d. Financial
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Corporate Board of Directors. 2. An increase in an expense a. increases revenues. b. increases assets. c. decreases liabilities. d. decreases capital. 3. A corporation with total owners’ equity of $85,000 paid a $5,000 business debt. As a result of this transaction, total capital equity a. did not change. b. increased by $5,000. c. decreased by $5,000. d. increased to $90,000. 4. The right side of an account is always
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in one year or less from their issue date. The Purpose of Money Markets: Investors in Money Market: Provides a place for warehousing surplus funds for short periods of time. Borrowers from money market provide low-cost source of temporary funds. Corporations and U.S. government use these markets because the timing of cash inflows and outflows are not well synchronized. Money markets provide a way to solve these cash-timing problems.Who Participates in Money Markets: Money Market Instruments: 1
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macroeconomic principles also helped me to understand his lecture. His discussion of subprime mortgages, mortgage backed securities and their effects on investors, especially money mutual funds, helped to illustrate how both monetary policy, lending practices, as well as attitudes of investors can all contribute to both crisis and economic growth. The sloppy banking practices, coupled with the demand for mortgage backed securities and real estate helped drive the pre-recession situation into the black;
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SUBPRIME MORTGAGE CRISIS The U.S. subprime mortgage crisis was a set of events and conditions that led to the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. What is a subprime mortgage? A subprime mortgage is a type of loan granted to individuals with poor credit histories, who, as a result of their deficient credit ratings, would not be able to qualify
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austerity measures of spending cuts and tax increases. Causes of Financial Crises Subprime lending During a period of intense competition between mortgage lenders for revenue and market share, and when the supply of creditworthy borrowers was limited, mortgage lenders relaxed underwriting standards and originated riskier mortgages to less creditworthy borrowers. As well as easy credit conditions, there is evidence that competitive pressures contributed to an increase in the amount of
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SECTION 3 : MARKET TRENDS Vinod Wadhwani Home Loans Brief review of the performance The housing sector plays an important role in the economic development of the country. Every rupee invested in housing adds 78 paise to the GDP. Over 269 industries are directly or indirectly dependent on the housing sector. There is an estimated shortage of 20 million housing units in the country with an estimated investment requirement of over Rs 1500 billion. In this context it is important to note that that
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for AGI: Alimony paid $12,000 Traditional IRA contribution 3,000 Loss on sale of stock 900 (15,900) Adjusted gross income $63,100 b. Itemized deductions: Contributions to First Church $ 2,500 Real estate taxes on personal residence 1,800 Mortgage interest on personal residence 6,000 State income taxes 3,500 Total itemized deductions $13,800 Since the standard deduction for 2005 of $4,850 is less than Carlton’s itemized deductions of $13,800, he should itemize deductions in 2005. pp. 6-3
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