operations, available cash on hand, and availability of credit facilities, these sources of financing, primarily the cash flows from operations, might be needed to pay the short term liabilities as they come due. Based on the company’s liquidity ratios, current assets are not sufficient in order to pay off current liabilities. Therefore, management needs to explore the additional financing options such as issuing long term debts and having additional equity. Even though, these options may have negative
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operations, available cash on hand, and availability of credit facilities, these sources of financing, primarily the cash flows from operations, might be needed to pay the short term liabilities as they come due. Based on the company’s liquidity ratios, current assets are not sufficient in order to pay off current liabilities. Therefore, management needs to explore the additional financing options such as issuing long term debts and having additional equity. Even though, these options may have
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managed to maintain its profitability and market share in an environment of economical and geopolitical swings. The structure of this case study will review six distinct areas: profitability, growth, cash flow, financial health, stock data and current issues facing the company. To gain perspective, the results for Carnival will be compared (where appropriate) to those of their chief rival – Royal Caribbean. When financial analysts look at a company for possible investment, the profitability of
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Case 12-03 Provisions and Contingencies The appropriate accounting standards to recognize and measure are IAS 37 under IFRS and FAS 450-20 under GAAP. Some examples of provisions are given in IAS 37. Standards | IFRS IAS 37 | U.S. GAAP 450-20 | RecognitionIFRS 14 – 35GAAP 450-20-25 | Recognize a Provision when: a) a present obligation exists b) probable outflow of resources (probable = more likely than not) c) a reliable estimate can be madeIf all conditions are not met, no provision
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hazardous waste disposal sites that are hidden time bombs with potentially catastrophic social and environmental implications if not cleaned up. As a response to the Love Canal and similar sites the CERCLA bill was passed by congress to address liability and cleanup standards for contaminated hazardous waste (superfund) sites. Following this bill in 1986 CERCLA was amended by the Superfund Amendments and Reauthorization Act of 1986 (SARA). This amendment added detailed
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unacceptable losses. Generally, there are two types of liquidity risk which are funding liquidity risk and market liquidity risk. Funding liquidity risk is the risk that the firm will not be able to meet efficiently both expected and unexpected current and future cash flow needs without affecting either daily operations or the financial condition of the firm. Market liquidity risk is the risk that a firm cannot easily offset or eliminate a position at the market price because of inadequate
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The Company also had approximately $118 million accrued as of December 31, 2011, for an insurance contingency as a member of Oil Insurance Limited (OIL). This insurance co-op insures specific property, pollution liability, and other catastrophic risks of the Company. As part of its membership, the Company is contractually committed to pay a withdrawal premium if we elect to withdraw from OIL. Apache does not anticipate withdrawal from the insurance pool; however, the potential withdrawal premium
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Financial Reporting Project: CVS Health Corporation and Walgreens, Co. Financial Reporting Project: CVS Health Corporation and Walgreens, Co. Progress report two CHRISTOPHER ALLEN, SYED BOKHARI, GAELLE DENIZE, AND JONATHAN PLANTE Progress report two CHRISTOPHER ALLEN, SYED BOKHARI, GAELLE DENIZE, AND JONATHAN PLANTE 2015 2015 Table of Contents Module 4 Questions………………………………………………..pages 2-3 Module 6 Questions………………………………………………..page 3 Module 7 Questions………………………………………………..pages
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Tax (Asset) Current – C (Deductible) Tax Liability Related Balance Sheet Account Noncurrent - NC Amounts Rate C NC Liability – warranty expense C (15) x 40% (6) Depreciable assets NC 120 x 40% 48 Receivable – installment sales C 10 x 40% 4 Receivable – installment sales NC 40 x 40% 16 Allowance – uncollectible accounts C (25) x 40% (10) ____ ____ Net current liability (asset)
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Implementation, Strategic Controls, and Contingency Plans Apple Inc. STR / 581 March 3, 2014 Professor Wallace Introduction Apple Inc. is a leading global retailer of computers, tablets, cell phones, and other entertainment items. Apple needs new growth methods, product development and be the leader in the mobile market. The implementation plan below will identify the course of action best suited for the corporation along with the implementation process, assessed risks and financial projections
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