75% percent of revenues‚ and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. What were Brandywine’s 2007 net income‚ total profit margin‚ and cash flow? Net income = 12M * (1 - 75%) - 1.5M = $1.5 million Total profit margin = $1.5M/12M = 12.5% Cash flow = 1.5M + 1.5M = $3 million Suppose the company changed its depreciation calculation procedures(still within GAAP)such
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Mercy Corps Introduction At the fourth biennial Mercy Corps leadership conference in November 2006 executive leadership described the well-known‚ internal complications at Mercy Corps as a large organization ($194 million budget in 2006) that “has to focus on two core areas: international relief and development” (Grossman & King‚ 2008). The status of the organization was examined in detail by the Harvard Business School case study and a number of problems were revealed. This analysis is based
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Job Corps offers opportunities to receive academic and professional success. Because of this‚ I have several reasons for enrolling in this program. My first reason is I did not succeed in passing the high school graduation test. Secondly‚ this is another chance to prove to myself that I can do it. Thirdly‚ my son needs to know just as much as I do that he should never give up on anything ever in life. People do not realize that in life they must take advantage of the opportunities given
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sponsored research‚ instruction‚ or extension projects. Good proposals quickly and easily answer the following questions: What do you want to do‚ how much will it cost‚ and how much time will it take? How does the proposed project relate to the sponsor ’s interests? What difference will the project make to: your university‚ your students‚ your discipline‚ the state‚ the nation‚ the world‚ or whatever the appropriate categories are? What has already been done in the area of your project? How do you
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Definition of Gross Income‚ Taxable Income‚ and Net Income Gross income refers to all income but not excluding exempt income and subject to final income tax. Example of gross income include: salaries and wages‚ commission‚ sale of and other dealings in property‚ rents‚ dividends‚ and securities. Exclusion from gross income or those incomes that are exempted from tax include: life insurance proceeds paid to beneficiaries upon the death of the insured; compensation for injuries or sickness‚ retirement
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| | | | | | | a. | Maximize the stock price per share over the long run‚ which is the stock’s intrinsic value. | b. | Maximize the firm’s expected EPS. | c. | Minimize the chances of losses. | d. | Maximize the firm’s expected total income. | e. | Maximize the stock price on a specific target date. | (1.3) Corporate goals and control C M | Answer: d | MEDIUM | Which of the following statements is CORRECT? | | | | | | | | | | a. | The financial manager’s proper goal
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SUMMARY OF THE CASE This case discussed on the issue of choosing the most suitable performance measurement for MarineCorp Sdn. Bhd. and SURIA group of companies. MarineCorp is a wholly-owned subsidiary of SURIA group of companies. MarineCorp was the maritime solutions provider for SURIA; it regulates and enforces the Group’s policy on maritime activities‚ especially the vessel inspection and vetting on the vessels under SURIA. The company has two subsidiaries; the first one is Green Port Sdn. Bhd
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4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income to meet or
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Gulf Oil Corp.--Takeover Summary of Facts o George Keller of the Standard Oil Company of California (Socal) is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will not consider bids below $70 per share even though their last closing price per share was valued at $43. o Between 1978 and 1982‚ Gulf doubled its exploration and development expenses to increase their oil reserves. In 1983‚ Gulf began reducing exploration expenditures considerably due to declining oil prices
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I. Legends on the net: an examination of computer mediated Communication as a locus of oral culture by JAN FERNBACK ‚Temple University Thanks to the technological advance and the new dimension that development brings to people; our entire cultural heritage‚ especially the oral one has entered the world of computers. This is considered to be a great interest since it helps to preserve this very crucial part of our culture. But this oral tradition is easily exposed to danger‚ for the greatest part
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