1 Mid-Term 1 EXAMINATION Summer 2013 DURATION: 2 HOURS Department Name & Course Number: BUSI 3001A Course Instructor(s) : Maurice, Jacques AUTHORIZED MEMORADA No. of Students: NonProgrammable Calculator Allowed Students MUST count the number of pages in this examination question paper before beginning to write, and report any discrepancy to a proctor. This question paper has 4 pages. This examination question paper MAY be taken from the examination room. no In addition to
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1. (45 points) Calculate the value of Carborundum (on an aggregate and per share basis) using both the Free Cash Flow to Capital (FCFcap) and Free Cash Flow to Equity (FCFeq) methods. Use the following assumptions: Note: Rf=5.6%; MRP=8.8%, Carborundum’s levered beta (prior to deal)=1.16 FCFeq=Net Income + Non Cash Deductions-Capital Expenditures-Change in Net Working Capital-Debt Repayment+ Debt Issuances + Miscellaneous Extras Answer: Value of Kennecott using FCFcap is: $53.8 Value of
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|FRAMEWORK | | |U.S. GAAP |IFRS |Similarities | |Purpose of Framework |The FASB framework resides lower in hierarchy. |Management is explicitly required to |Both the frameworks are similar in | | |Management
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chapter The Equity Method of Accounting for Investments The first several chapters of this text present the accounting and reporting for investment activities of businesses. The focus is on investments when one firm possesses either significant influence or control over another through ownership of voting shares. When one firm owns enough voting shares to be able to affect the decisions of another, accounting for the investment can become challenging and complex. The source of such complexities
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Finance Assignment Names: ABRAR MOHAMMAD MAHA MOHAMMAD Student I.D.’s: 7611, 7422 Class: C-17 Course Title: Principles of Finance Course Code: FIN211 Introduction Financial Statement: It is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by accountants
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000 | 4,637,000 | | Total Current Assets | 22,706,000 | 22,985,000 | 20,854,000 | Long Term Investments | 4,581,000 | 3,718,000 | 4,515,000 | Property Plant and Equipment | 109,767,000 | 107,087,000 | 103,196,000 | Goodwill | 69,773,000 | 70,842,000 | 73,601,000 | Intangible Assets | 58,775,000 | 59,343,000 | 60,520,000 | Accumulated Amortization | - | - | - | Other Assets | 6,713,000 | 6,467,000 | 6,705,000 | Deferred Long Term Asset
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273,000 Other Current Assets 286,000 272,000 338,000 Total Current Assets 1,691,000 1,925,000 2,321,000 Long Term Investments 53,000 72,000 167,000 Property Plant and Equipment 4,459,000 4,250,000 4,042,000 Goodwill 889,000 1,034,000 681,000 Intangible Assets 638,000 690,000 299,000 Accumulated Amortization - - - Other Assets 566,000 575,000 775,000 Deferred Long Term Asset Charges 399,000 467,000 549,000 Total Assets 8
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The aim of this case study - “Coke Versus Pepsi, 2001” is to analyze the trend of both companies – Coke and Pepsi, after announcement of Pepsi’s acquirement to Quaker Oats, based on the past and forecasted information and materials. This essay would use “Economic Value Added” (EVA) measure, in order to identify the expected values of both companies. Carolyn Keene, the consumer analyst at mutual fund firm SPL, believed that the value comparison of Coca-Cola and PepsiCo should be measured by EVA
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CHAPTER 10 Plant Assets, Natural Resources, and Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1, 2 A Problems 1A B Problems 1B Study Objectives 1. Describe how the cost principle applies to plant assets. Explain the concept of depreciation. Compute periodic depreciation using different methods. Describe the procedure for revising periodic depreciation. Distinguish between revenue and capital expenditures, and explain the entries for each. Explain how to account for the disposal
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Case: General Mills a) General Mills is an American food manufacturer that does business in the US, Europe, Latin America and Asia. Its primary line of business ready-to-eat food products both for retail and wholesale purposes. b) Common financial statements include the balance sheet, income statement, the statement of cash flows, and the statement of shareholders equity. General Mills renames them as consolidated balance sheet, consolidated income statement, consolidated statement
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