June 2012 (Question 1) Ai) Fundamental Differences between conventional and Islamic Accounting: Differences | Conventional Accounting | Islamic Accounting | 1. Users of Accounting Information | Conventional Accounting verified the information to all users but focus on providing information to the shareholders and creditors only‚ ie providing funds to the company. | In contrast‚ Islamic accounting focus on providing information to all users‚ ie socially responsible (individual‚ management
Premium Finance Economics Islam
350‚ Fall 2010 Quiz #5 Name: ______________________________________ 1. Bell Inc. took a physical inventory at the end of the year and determined that $650‚000 of goods were on hand. In addition‚ Bell‚ Inc. determined that $50‚000 of goods that were in transit that were shipped f.o.b. shipping were actually received two days after the inventory count and that the company had $75‚000 of goods out on consignment. What amount should Bell report as inventory at the end of the year? A) $650‚000. B)
Premium Inventory
Bonds and Their Valuation After reading this chapter‚ students should be able to: • List the four main classifications of bonds and differentiate among them. • Identify the key characteristics common to all bonds. • Calculate the value of a bond with annual or semiannual interest payments. • Explain why the market value of an outstanding fixed-rate bond will fall when interest rates rise on new bonds of equal risk‚ or vice versa. • Calculate the current yield
Premium Bond Bonds
Change Analysis Chart Foundations (8‚000 BCE. - 600 BCE) Basic Features at Beginning of period Score / 20 Name ______________________________ Hour ____ January 12‚ 2010 Basic Features at End of period Reasons for Change or Continuities Theme 1. HumanEnviron Interaction (Demography‚ disease‚ migration technology) Key Continuities Key Changes 2. Culture (Religions‚ philosophies‚ Science‚ technology‚ art‚ architecture) 3. Politics (Statebuilding‚ conflict‚ Political structures
Premium United States Political philosophy United Kingdom
Abacus Inc. has asked you price a 5 year bullet bond issue for them‚ with Price‚ Yield to Maturity and Modified Duration. There are no comparable existing issues in the secondary market either by Abacus or a competitor and so you will need to price the issue from scratch. You have the following set of US Treasury bond data and consultations with your Bank Equity Analyst and Debt Analyst suggest that a Z-spread for Abacus of 200 bps over Treasuries and a coupon rate of 6.5% should be appropriate
Premium Bond Bonds
INDIVIDUAL ASSIGNMENT UDBS Consider a 10 year bond that has a face value shs 1000‚ a coupon rate of 6% and pays interest once a year. (a)Suppose person A bought this bond at par when it was initially issued and sold it 1 year later to person B for shs 1024.What is B’s total return? Soln Total return =[ Interest paid +(selling price – buying price)]/buying price Given; Annual interest paid = coupon rate x par value‚ coupon rate = 6%‚ par value =1000.
Premium Rate of return Interest Time value of money
1)pk acquired a 25% interest in Trent Co. on January 1‚ 2010‚ for $500‚000. At that time‚ Trent had 1‚000‚000 shares of its $1 par common stock issued and outstanding. During 2010‚ Trent paid cash dividends of $160‚000 and thereafter declared and issued a 5% common stock dividend when the market value was $2 per share. Trent’s net income for 2010 was $360‚000. What is the balance in Agee’s investment account at the end of 2010 Cost $500‚000 Share of net income (.25 × $360‚000) 90‚000 Share
Premium Bond Stock Stock market
BOND PROBLEM SOLUTIONS 1. Six years ago‚ The Corzine Company sold a 20-year bond issue with a 14 percent annual coupon rate and a 9 percent call premium. Today‚ Corzine called the bonds. The bonds originally were sold at their face value of $1‚000. Compute the realized rate of return for investors who purchased the bonds when they were issued and who surrender them today in exchange for the call price. PV = 1000; N = 6; PMT = 140; FV = 1090; CPT I/Y I/Y = 15.02% 2. You just purchased
Premium Bond Finance Stock
Ahmed Alaina Mr. Baroff May 1‚ 1894 My birthday is May 1‚ 1994‚ so back a hundred years ago on that date it was when Coxey’s army marched into Washington to deliver a speech to the people. However‚ the police were there and restrained him from doing so. There were crowds of people waiting to see the army but police forces gathered around in order to guarantee nothing drastic happens. Coxey’s seventeen year old daughter‚ dressed as an angel of peace‚ on a beautiful white horse led the army that
Premium Police White House Police officer
CONTENTS Introduction of bonds……………………………………………..01 Characteristics of Bonds…………………………………………01 Types of Bonds…………………………………………………… 06 Bonds Market……………………………………………………… 08 Introduction of Pakistan bond market……………...................08 How Bonds Trade……………………………………………….….09 Bond Price Variations……………………………………………..09 Bond valuation…………………………………………..................09 Types of bonds trade in Pakistan……………………………….10 Government Debt Securities……………………………………..10 Characteristics of MTBs and PIBs………………………………12
Premium Bond Bonds