Discussion 1

Ethics and Professional Conduct in Business At the end of the current month, Jonni Rembert prepared a trial balance for Star Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Jonni has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month's financial statements by a 5 o'clock deadline. Jonni will look for the difference next week when she has more time. Discuss whether Jonni is behaving professionally.

Sale of investments Cash collections from customers Cash purchase of used equipment Depreciation expense $ 5,200 15,700 4,900 2,000 Compute cash flows from investing activities using the above company information. Note: Amounts to be deducted should be indicated by a minus sign. Investing Activities EA $ 0

Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $1,000. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Annual Semiannual Annual Interest Interest Interest Rate Amount Payment 4.40% 5.10% 3.05% 3.60%

On-Balance Sheet Items (Assets) (in millions) Cash $   10,000 Government securities      30,000 Interbank deposits        5,000 Home loans to personal finance customers      20,000 Loans to corporate customers      75,000 Total Balance Sheet Assets     $140,000     Off-Balance Sheet Items   Standby letters of credit backing corporate borrowings $  10,000 Long term unused loan commitments made to private corporations     20,000 Total Off-Balance Sheet Items    $30,000     Bank Capital   Common stock (par value) $   1,000 Surplus      1,500 Retained earnings      1,500 Subordinated debentures      2,000 Minority interest in subsidiaries      1,000 Allowance for loan and lease losses (reserves)      1,000 Non cumulative perpetual preferred stock      1,000 Intermediate term preferred stock      4,000 Equity commitment notes      2,000     Basel…

#7 You want to set up a sinking fund to save $10,000 for a home down payment. Your goal is to save the money in a savings account paying 12% interest. You will deposit the money in five (5) equal yearly amounts. What amount do you need to save annually into your 12% interest savings account to have $10,000 in five years? O $1,574 O $1,897 © $988 O $2,331 O $1,285

Problem 13-3 Determining the Time Value of Money [LO13-1] Complete the following table. Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D. Note: Use appropriate factor(s) from the tables provided. Round time value factors to 3 decimal pla nearest whole number. Annual Deposit Rate of Number of Return Years Investment Value at the End of Time Period Total Amount of Investment $ 3,000 4 % 9 $ 3,000 8% 9 $ 3,000 4 % 18 $ 3,000 8% 18 Total Amount of Interest or Earnings

Except for the management of fixed assets, all of a bank's earning assets play a crucial role in asset and liability management. Managing assets profitably requires careful set of strategies that take into account both the quality and quantity of assets that a bank holds.REQUIRED:Identify any four (4) of the investment portfolio management strategies for banks and discuss the advantages and disadvantages of each one of them.

Company BackgroundRajawali Airlines is air transport services sector, though the company has already had a few other clients in the transportation sector. The company was founded 7 years ago. Rajawali Airlines issued shares through an initial public offering (IPO) seven years ago and has been traded on the Indonesia Stock Exchange. Rajawali Airlines wants to hire Auditor to issue an it audit opinion and obtaining help to optimise their recently installed new IT system and the integrated IT-controls. As Rajawali Airlines wants to aggressively expand from a national to regional market, Rajawali Airlines plans to use capital from a loan or share capital in the course of a second public offering. Since the implementation of a new IT System, there have been ongoing difficulties with the company's new accounting system. The representatives of Rajawali Airlines note that the earnings vary considerably in recent years, but Rajawali Airlines enjoys a good reputation and high acceptance among…

Athena Bancorp's philosophy around human resources and technology was designed to support a purpose and strategy that gave the bank an advantage in terms of: Reducing transactions costs and making it more difficult for unqualified applicants to get a loan Building relationships with big businesses and providing them with unparalleled enterprise services effectively serving customers, particularly those at the lower end of the credit spectrum Building a portfolio of financial assets that would be attractive to investors and potential buyers None of the above

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Which of the following are important to investors evaluating direct participation programs? I. The economic soundness of the program II. The expertise of the general partner III. The basic objectives of the program IV. The start-up costs A I, II, and IV B I, II, and III C I, II, III, and IV D II, III, and IV

Consider Bruno who manages an underwriting team in an insurance firm. Recently, the management of Bruno’s firm informed him of their decision to create a new risk assessment team, consisting of data scientists with machine learning expertise, and reduce the size of Bruno’s underwriting team. Bruno’s underwriting team will now work with the new risk assessment team in order to determine whether to provide insurance to applicants.   Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram.

Using time value of money tables, calculate the following. (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. The future value of $500 six years from now at 5 percent. The future value of $600 saved each year for 10 years at 7 percent. The amount a person would have to deposit today (present value) at an interest rate of 7 percent to have $800 five years from now. The amount a person would have to deposit today to be able to take out $400 a year for 8 years from an account earning 7 percent.

Phil and Sandy are looking to purchase their first home together. Both of them recently graduated from college and are just starting to establish their careers. What type of loan will best work for Phil and Sandy? • An FHA insured loan because of the minimal down payment requirements and low interest rates for first-time home buyers. An adjustable-rate mortgage because of the changing interest rate over time. O A purchase money mortgage because of its higher interest rate. • A VA loan because of its zero down payment option.

Financial planning is a critical aspect of overall organizational planning, providing the framework for managing financial resources and ensuring fiscal responsibility. It involves forecasting expenses, budgeting income, and making informed financial decisions to support short-term operations and long-term sustainability. Effective financial planning allows organizations to allocate funds strategically, invest in growth opportunities, and navigate economic uncertainties. It also plays a crucial role in risk management, helping mitigate financial risks and ensuring financial stability. Additionally, financial planning fosters transparency and accountability, as stakeholders rely on accurate financial information to make informed decisions. In essence, sound financial planning is not just about balancing the books; it's a strategic tool for achieving financial goals and safeguarding the fiscal health of an organization.   Question: How do you approach financial planning to strike a…

money borrowed for personal reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of real estate; to be repaid within a specific time frame and with added interest money borrowed for business reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of a vehicle; to be repaid within a specific time frame and with added interest : Business Loan :: Auto Loan :: Mortgage Loan :: Personal Loan 1 4 6. 8. 9. Finish Si

9.3 Consider another set of net cash flows: Year Cash Flow ($) 0 2,000 1 2,000 2 0 3 1,500 4 2,500 5 4,000       What is the net present value of the stream if the opportunity cost of capital is 10 percent? What is the value of the stream at the end of year 5 if the cash flows are invested in an account that pays 10 percent annually? What cash flow today (time 0), in lieu of the $2,000 cash flow, would be needed to accumulate $20,000 at the end of year 5? (Assume that the cash flows for years 1 through 5 remain the same.)

The Free Cash Flow model has the following advantage over the Dividend Growth model: In the case of variable growth, it does not require the calculation of any horizon value. It can be applied even if growth rates are unknown. It can be applied to companies with variable growth in the initial years that eventually settle down to a fixed rate of growth for the long term. It can be applied to divisions of companies. O It does not require any forecasting.

Risk is defined by some as the possiblity of danger or the possible exposure to danger. Whereas, risk management is viewed as a systematic process of assessing the potential risk to a business which incorporates identifying, evaluating, monitoring/tracking and reporting risk to the board/senior management. Risk management processes are evolving with the focus on all of the following EXCEPT: a.Emergence of new organizational processes for better integrating these advances. b.Developing risk-based techniques to meet risk-based capital requirements. c.Examining the different components of the risk management framework. d.Development of regulator guidelines for imposing risk-based techniques to reduce systemic risks.

B Why do lenders need liquidity? to qualify for FHA insurance so they can put their money in long- term assets so they have the funds to originate more loans so loans can be packaged together to create MBSS 19:31 ✓

What are the total assets at the end of the period on this general accounting question?

FINANCIAL MANAGEMENT

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Part 1: Find the present worth at i = 10% per year for the cash flow series shown below. 0 1 2 3 4 5 6 7 8 Year $200 $200 $200 $90 $90 $90 Part 2: Recalibration of sensitive measuring devices costs $8,000 per year. If the machine will be recalibrated for each of 6 years starting 3 years after purchase, calculate the 8-year equivalent uniform series at 16% per year.

The table below, shows the balance sheet of the Bruins Bank. Liabilities/Equity Assets Reserves $40 Demand Deposits Loans 300 Shareholders' equity $450 50 Securities 100 Fixed assets 60 Total 500 Total 500 By how much is the Bruins Bank over- or under-reserved if the target reserve ratio is as listed below. a. If the target reserve ratio is 4.0% the Bruins Bank is (Click to select) by $ b. If the target reserve ratio is 8.0% the Bruins Bank is (Click to select) by $ c. If the target reserve ratio is 12.0% the Bruins Bank is (Click to select) by $ d. If the target reserve ratio is 14.0% the Bruins Bank is (Click to select) by $

After finishing your Bachelor of Accounting, you joined a multinational enterprise in 2007. During the last thirteen years in a multinational enterprise, you have performed various roles, including:   Evaluating the systems development methodologies and the role of accountants in system development projects, and  Appraising the risks inherent in the Enterprise Resource Planning and analysing the role of ethics and the various internal control processes that need to be in place.   Recently, you joined a mid-size company for a senior role as a chief information officer. You are excited to perform this senior role. Mark (the head of your organisation) has decided to implement an Enterprise Resource Planning (ERP) system. Recently, Mark has met with a consulting ERP firm based on a friend's recommendation at his club. During a recent meeting, Mark introduced the chief consultant, charming, personable, and seemed very knowledgeable. The CEO's first instinct was to sign a contract with the…

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