current ratio can also be indicative that a company is not investing enough in its own business, but rather are sitting on assets that could be utilized in other ways (JWI530, week 5). Because Garmin does not require a lot of cash to operate, the company is able to deploy cash for strategic acquisitions, share buybacks and dividends instead (Istockanalyst.com, 2010). Garmin’s Quick Ratio, or their current assets minus their inventories and then divided by their current liabilities is currently a strong
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assumed +fair market value of assets acquired +any net worth adjustments =Adjusted Book Value ____________________________________________________________ II. Capitalized Adjusted Earnings First Step: Adjust Historical Earnings Seller’s Discretionary Cash Flow Net Profit +Officer’s salary +Discretionary expenses -New Owner salary Adjusted Profit Last Year 50.0 +70.0 +30.0 -60.0 90.0 Second Step: Get the adjusted profits for 5 years then do a Weighted Average of the Adjusting Earnings Year 95 96 97 98
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Microsoft Name Institution Microsoft 1.0 Introduction Financial management is the efficient management of funds in such a way that an organization can achieve its objectives (Brigham & Ehrhardt, 2014).A Company either has short-term objectives or long-term goals. However, these depend on the planning phase of a particular Company. Several U.S publicly traded Companies provide attractive investment opportunities to investors. One of my clients seeks
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and candidates are required to comply with the Code and Standards Basic structure for enforcing the Code and Standards The CFA Institute Bylaws primary principles Based on two Fair process to member and candidate Confidentiality of proceedings Rules of Procedure Maintains oversight and responsibility The CFA Institute Board of Governors Through the Disciplinary Review Committee (DRC) Is responsible for the enforcement of the Code and Standards Conducts professional conduct inquiries Structure
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Accounting Standards Board (FASB) in setting Generally Accepted Accounting Principles (GAAP) are collectively referred to as the conceptual framework. Although the conceptual framework is not regulatory by nature, it does act as the basis for the laws and rules that are set. It is in place in order to assist in the creation of consistent standards across the board. It lays out the objectives of financial accounting and reporting so that changes to GAAP will be sure to further those stated objectives. The
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FGB 380 Common Final Exam The final exam consists of 60 multiple choice and/or true false questions worth 2.5 points each. The 60 assessment items may include, but are not limited to the following: 1. The goal of the financial manager Chapter 1 Maximize stockholder’s wealth 2. Legal forms of business organization, with specific emphasis on the advantages/disadvantages of corporations Sole Proprietorship: a business owned by one individual (greatest in number of the forms) Advantages:
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capital, investing, and selling stock. An agency problem happens when the stockholders are partial owners to a company and may make decision based on their best individual interests and not the company as a whole. Corporate governance are a set of rules and policies given to the company as a whole to follow which will usually help to eliminate agency problems. D- The primary objective of managers is to make stockholders happy by trying to maximize their wealth. 1- Firms
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are trademarks used herein under license. Chapter 7: Prospective Analysis: Valuation Theory and Concepts Palepu & Healy Key Concepts in Chapter 7 • Forecasts (Ch. 6) are converted into estimates of value. • Discounted future dividends, cash flows, and abnormal earnings may be used to estimate value. • Price-based multiples may also be used as value estimates. • No method by itself dominates any of the others. Copyright (c) 2008 Thomson South-Western, a part of the Thomson Corporation
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会计期中考试复习资料（自备） Chapter1 What’s assets? 什么是资产 P2 Assets may be defined as items of value owned by the business or owed to the business. Such as cash, buildings, motor cars, land, money What’s liabilities? 什么是负债？P4 Liabilities are amounts of money owed by the business. Such as creditors or accounts payable, a mortgage, a loan and a bank overdraft. What’s accounting equation? 什么是会计等式？ P5 The relationship between assets, liabilities and owner’s equity is highlighted by the accounting equation
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equity, and statement of cash flows. The income statement provides information about the company’s revenues, expenses and profitability over a period of time. The balance sheet lists the company’s assets (what it owns), liabilities (what it owes), and stockholders’ equity (the residual claims of its owners) as of a point in time. The statement of stockholders’ equity reports on the changes to each stockholders’ equity account during the period. The statement of cash flows identifies the sources (inflows)
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