Flash Memory Inc. For the Flash Memory Inc. case you will turn in both a write-up of your analysis and a spreadsheet that contains any financials or calculations you performed. The formal write-up should contain an overview of how you tackled specific issues presented in the case‚ how you set up the spreadsheet to present you analysis‚ and a discussion of any assumptions you are making. To guide you through the case‚ below are a set of questions you will need to address. Structure your written
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TO: FROM: DATE: SUBJECT: Mr. Hathaway Browne‚ CFO of Flash Memory Inc. MP.JAW Consultants October 11‚ 2010 Analysis of the Investment Opportunity and Financing Options ! As your financial consultants‚ we have conducted a comprehensive analysis of Flash Memory Inc. (FMI)’s current business situation‚ its new potential investment opportunity‚ and financing options. Our recommendations are as follows: 1. Pursue the suggested new product line. 2. Seek additional funding through equity financing
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1. Background of Flash Memory. Inc Flash memory was founded in San Jose‚ California in the late 1990s. In 2010‚ there are six individuals held the top management positions‚ comprised the board of directors‚ and owned the entire equity in the firm.Flash specialized in the design and manufacture of solid state drives (SSDs)and memory modules which comprised the fastest growing segment in the overall memory industry. SSDS market is huge and intensely competitive which reflects in product offerings‚
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Information Technology Auditing MGMT 550 Cassandra Rich April 28‚ 2014 Information technology auditing is important to the financial auditor and to the financial statement audit because IT is the foundation of today’s accounting systems. IT audits are crucial for ensuring that a company’s financial statements are a representation of the company’s position and that the system used to compile the statements is operating properly and producing accurate statements. IT auditing allows the auditors
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Flash Technologies‚ Inc.: Risk Analysis and Resolution of Client Issues Risk Analysis Flash Technologies‚ Inc.‚ a company that designs‚ manufactures and markets an extensive line of PC cards‚ is showing a rapidly growing and currently they engaged our firm to perform the annual audit because they determined that their previous auditors could no longer provide the necessary support due to its increased international investments. Thus we are hereby to make a thorough analysis of the business risks
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Case 2.3 Instructional Notes Flash Technologies‚ Inc.: Risk Analysis and Resolution of Client Issues Group Assignment Mark S. Beasley‚ Frank A. Buckless‚ Steven M. Glover‚ Douglas F. Prawitt INSTRUCTIONAL OBJECTIVES • • • • • • To provide students with an opportunity to learn (by doing) how auditors identify various client and audit risks. The case also provides students with insight into how a risk analysis ties in to the strategic audit planning process. To provide students
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CORPORATE FINANCE Case 1: Flash Memory‚ Inc. Section B1 Group 1A Executive Summary As sales of Flash Memory Inc. (Flash) increases rapidly in the first few months of 2010‚ additional working capital is required to ensure smooth operations and maintain their current growth rate. However‚ Flash currently has almost reached its notes payable limit of 70% accounts receivables with its current commercial bank and thus‚ need to look for various alternative financing means to provide the required
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Aspen Technology Inc. 1. What are Aspen Technology´s main Exchange rate exposures? Aspen Technologic Inc‚ is firm specialized in the development of simulation software for customers in process manufacturing industries‚ particularly the chemical industry. Big part of the AspenTech earnings comes for the licenses of their existing products. The 52% of Aspen Tech’s software license revenues came from customers outside de United States. With most‚ but not all‚ of its expenses incurred in the
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Component Technologies‚ Inc 1) Prepare the manufacturing staff’s calculations for the three alternatives (please refer to the attachments): a) In the first set of calculations‚ the staff used a discount rate of 20%‚ a five-year time horizon‚ and ignored taxes and terminal value. What is the relative attractiveness of these three alternatives? During the period of 5 years (from 1994 to 1998)‚ if the discount rate is 20%‚ Waltham plant is the only one that has a positive amount in NPV. The
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