Chapter 07 … Master Budgets and Performance Planning 1. A budget is a formal statement of future plans‚ usually expressed in monetary terms. 2. Continuous budgeting is the practice of preparing a new budget for a selected number of future periods and revising those budgets as each period is completed. 3. Budget preparation is best determined in a top-down managerial approach. 4. The master budget consists of three major groups of budget components: the operating budgets
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Show your work. The first 7 questions are worth 5 points each. 1. Which form of the efficient market hypothesis implies that security prices reflect all information contained in past prices? Weak 2. Holden Bicycles has 1‚000 shares outstanding each with a par value of $0.10 each. If they are sold to shareholders at $19 each‚ what would the capital surplus be? $18‚900 3. You own 1‚000 shares of a stock. You can cast your 1‚000 votes for a single director. What kind of voting does the stock
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1. Refer to the KOF Index of Globalization prepared by the KOF Swiss Economic Institute (enter KOF Index of Globalization at globalEDGE). The index uses three different dimensions to measure globalization: economic globalization‚ political globalization and social globalization. Please explain what each dimension represents in detail and why each is important for a nation to achieve a substantial presence in the global economy. 2. Visit the U.S. Department of Commerce website (www.doc.gov). Identify
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E 12-1: (a) 10‚ 13‚ 15‚ 16‚ 17‚ 19‚ 23 (b) 1. Long-term investments in the balance sheet. 2. Property‚ plant‚ and equipment in the balance sheet. 3. Research and development expense in the income statement. 4. Current asset (prepaid rent) in the balance sheet. 5. Property‚ plant‚ and equipment in the balance sheet. 6. Research and development expense in the income statement. 7. Charge as expense in the income statement. 8. Operating losses in the income statement. 9. Charge as expense in
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13.12 The imputed interest rate is the rate of return that the firm expects of its investments. It can be a required rate of return or can be based on organisation’s cost of capital. The weighted average cost of capital is the overall required return on the firm as a whole and‚ as such‚ it is often used internally by company directors to determine the economic feasibility of expansionary opportunities and mergers. It is the appropriate discount rate to use for cash flows with risk that is similar
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Submitted by: Weslie L. Villejo‚ TCDP1 Submitted to: Mr. Baylon 5-29. 10.30% firm 12.75% bank 2.45% increase 5-30. a. 25 60.18 Erika 85.18 25 19.23 Kitty 44.23 b. ($2‚985.06) c. I think its rational because the mutual funds are invested in high quality bonds which reaps a sure 6% per year interest. On the other hand‚ the 20% average per year interest on the newly issued bio-tech stocks are somehow a bit
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Homework 2 Solution 1. Consider the diagram of the electronic system‚ which shows the probabilities of the system components operating properly. The entire system operates if assembly III and at least one of the components in each of assemblies I and II operates. Assume that the components of each assembly operate independently and that the assemblies operate independently. What is the probability that the entire system operates? 0.9 0.9 0.8 0.8 0.7 I II III 0.95 Solution: P = [1-(1-0.9)*(1-0
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1.1 Applications of Information Technology in Our Daily Life IT in Education Driving force in educational reform Students have many opportunities to learn the basic computer skills to facilitate their learning. Multimedia learning centre (MMLC) in secondary school Classroom with a projector 1.1 Applications of Information Technology in Our Daily Life IT at Home Smart home technology Allows people to control household and other domestic appliances over the Internet
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Technology In Our Daily Lives Technology is increasingly dominate the lives of human race for the last hundred years. We are becoming more dependent on it in many regards. It is very useful in assisting us on doing household works‚ education and transports. Despite it’s peaceful use the advancement of technology is still a subject of much controversy. Many argue that the production or consumption of it can be very undesirable for the society. It’s because new kind of weapon develop as new technology
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Daily Life in the Medieval Period Life in the Middle Ages was very different from life today. The Middle Ages was a time of chivalry‚ quests‚ feudalism‚ and often war. The Middle Ages found some people living very prosperous lives while others only survived from day to day (Life: What was it really like to live in the Middle Ages Internet). A new class emerged during the Middle Ages; the merchant. The growth of trade and the merchant middle class went hand in hand with the growth
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