Using a format similar to the spreadsheets in this chapter‚ develop a spreadsheet that summarizes this project’s cash flow‚ assuming a four-year useful life after the project is developed. Compute the present value of the cash flows‚ using an interest rate of 9%. What is the NPV for this project? What is the ROI for this project? What is the break-even point? Should this project be accepted by the approval committee? SOLUTION As the numbers indicate‚ this would not be an economically feasible project
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According to google.com (web definitions) Accounting Standards can be defined as a set of rules governing how accounts are drawn up. Would there be more positive effects than negative if a country develops its own accounting standards? I totally disagree with this statement‚ instead should be read‚ ‘A country should ‘NOT’ develop its own accounting standards’. To support my statement I will substantiate on five points stating why there is one accounting standards for everyone to follow; these include:
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Chieftain International‚ Inc. is an oil and gas exploration and production company. A recent balance sheet reported 208 million liabilities‚ all of which were short-term accounts payable. During the year‚ Chieftain expanded its holdings of oil and gas rights‚ drilled 37 new wells‚ and invested in expensive 3-D seismic technology. The company generated 19 million cash from operating activities and paid no dividends. It had a cash balance of 102 million at the end of the year. A) Name at least two
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as revised in 2007? a. It should be expensed in the period incurred. Selected: b. It should be added to the other costs of acquiring fixed assets to determine the amount for the balance sheet.This answer is correct. c. Both methods are acceptable. d. Neither method is acceptable under IASB rules. The cost of borrowing funds to acquire or construct property‚ plant‚ and equipment accounted for under IASB rules should be added to the other costs of acquiring fixed assets to determine the amount for
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United States Accounting Standards vs International Accounting Standards June 21‚ 2009 Introduction This research project will inform the reader of the difference between the United States accounting standards and International accounting standards. The United States uses the Financial Accounting Standards Board (FASB) to issue financial reporting procedures. The International Financial Reporting Standards (IFRS) are issued by the International Accounting Standards Board (IASB)
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She doesn’t seem to know what to do most of the time‚ so she just keeps quiet. Sookan seems to observe the adults‚ especially‚ trying to make sense of what is going on. "I watched her at night as intently as I watched Grandfather in the morning" (Choi 17). You can see throughout the book how different she becomes from the quiet girl in the beginning. As the chapters go on Sookan starts to become more aware and attentive. She notices much more and she cares for others as if she is a mother. But once
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1.0 Executive Summary D&S Realty‚Inc.‚ is an corporation in the city of Georgetown Guyana. This corporation is capitalized by two stockholders: Shelroy Johnson and David Foo Jnr. who are both licensed brokers and sponsoring brokers of this firm. The licensed brokers of this firm will sponsor licensed real estate agents( independent contractors) in the country of Guyana. This corporation will formalize the real estate services offered. D&S Reality Inc. will be opening its doors for operation in
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com/chart/cathay-pacific-airways Cathay Pacific Overview Cathaypacific. (2004). Retrieved 2014‚ from http://www.cathaypacific.com/cx/en_HK/about-us/about-our-airline/management-team.html Contingency Approach (2014). Stress and Change. In Frederick‚ Individual Behavior at Work II. Frederick Taylor and Scientific Management. (n.d.). Retrieved Octorber 26‚ 2014‚ from netmba: http://www.netmba.com/mgmt/scientific/ Sustainable Development Report 2013 The Systems Approach. (2008). Retrieved 2014‚ from education-portal:
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INTERNATIONAL ACCOUNTING Sources: 1) Financial knowledge enables central control to determine what is happening in different subsidiaries. That enable the integration and control of subsidiaries by the central control. (Belkauoi‚ 1991) 2) Management accounting’ involvement in currency management is also important as the fluctuations in the exchange rates can distort the financial results of the subsidiaries. (Eiteman‚ Stonehill and Moffet‚ 1992). 3) Management accounting is a
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that is shorter rather than a longer text. Furthermore‚ it is possible that they might think that a shorter text will get straight to the point and require absolutely no analysis because of the text’s brevity. However‚ anyone who has ever read H.D.’s poem‚ “Oread”‚ will understand that this is not the case. The poem is only twenty-six words‚ which means that it might take a person about ten seconds to read it. Nevertheless‚ analyzing it is a completely different story. The reason for this is because
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