Accounting FOR DUMmIES 4TH ‰ EDITION By John A. Tracy, CPA Accounting For Dummies®, 4th Edition Published by Wiley Publishing, Inc. 111 River St. Hoboken, NJ 07030-5774 www.wiley.com Copyright © 2008 by Wiley Publishing, Inc., Indianapolis, Indiana Published by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical
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Business Plan ACC/220 Business Plan The name of my business is DL-TEK-Consulting. This business will be structured as a specialized corporation known as a LLC (Limited Liability Company). This type of structure is ideal for my business because the tax advantages over the others and for the asset protection, sole-proprietorships and partnerships have little asset protection. Even though my new business is a listed as a corporation I hold 100% of the shares and make all the commanding decisions
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systems | | |Activities-based costing | | |Cost, volume, and profit analysis | | |Budgeting (except capital budgeting covered | | |under finance) | | |Standard costing | | |Non-routine decision-making | |International accounting* | 1. Which of the following is NOT an element of manufacturing overhead?
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integrated process Based on my analysis, it can be seen that there is no coherent IS strategy in STARS because from the 72 page STARS Critical, Strategic and Operation Plan, only a single paragraph of IS was mentioned and the STARS organization structure appeared to lack executive level IT representation until the new CIO was recruited. The IS initiatives in the organization appear to be badly managed by consultants who: * overcharge the organization for menial tasks such as changing passwords
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The American economic JUNE 1958 Revlew NUMBER THREE VOLUME XLVIII THE COST OF CAPITAL, CORPORATION FINANCE AND THE THEORY OF INVESTMIENT By FRANCO MODIGLIAN1 AND MERTON H. MILLER* What is the "cost of capital" to a firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the
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of this crisis is not only asset values, but the amount of capital in the financial system today versus the size and liquidity of the balance sheets (and off-balance sheet commitments) of financial institutions. This situation is not likely to reverse itself for a number of years. In the environment of de-leveraging and scarcity of capital, we believe fundamental re-thinking regarding business strategies, operating models and cost structures will be necessary. • A pre-securitization baseline may be
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MULTINATIONAL COST OF CAPITAL AND CAPITAL STRUCTURE LEARNING OBJECTIVES The specific objectives of this chapter are to: l explain how corporate and country characteristics influence an MNC’s cost of capital, explain why there are differences in the costs of capital among countries, and explain how corporate and country characteristics are considered by an MNC when it establishes its capital structure. l l An MNC finances its operations by using a mixture of fixed interest borrowing and equity
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Economic Value Added (EVA) EVA is not actually a new discovery. The concept of EVA has been described in the first theoretical basis of capital structure and company value was presented in the academic papers by two financial economists, Franco Modigliani and Merton H. Miller in 1958, later has been known as M&M (Modigliani-Miller) theorem. The basic theorem states that the value of a firm is unaffected by how the firm is financed, whether by issuing stock or selling debt. However, Modigliani
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the collected funds properly and allocate the optimally in order to achieve the goal of an organization or a business firm. * Financial management:- Financial management is concerned with the effective use of an economic resource, namely, capital funds. In other words, financial management is that administrative area or set of function which relates to the arrangement of cash and credit so that the organization may have the means to carry out its objectives as satisfactorily as possible.
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evaluate the firm’s investment, financing, and dividend deci sions in keeping with an objective of maximizing shareholder wealth; second, to become familiar with the application of analytical techniques to a number o f areas o f financial decision-making; and third, to expose the reader to the institutional material necessary to give him a feel for the environment in which financial decisions are made. In revising, I have attempted to reflect changes that have occurred in financial theory and
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