troubles and recently filed for Chapter 11 bankruptcy protection. Fuzzy is interested in Tiny’s manufacturing facility, location and capabilities. Tiny’s manufacturing equipment is operational; they don’t have any goodwill, but have some intangible assets. Since, Fuzzy is holding so much cash they decided to buy Tiny’s and are in the final stages of the transaction. The Company is not certain
COUNTY OF VENTURA CAFR ANALYSIS PA615 – Public Financial Management Instructor, All Holliman California State University, San Bernardino Carrie Harmon, Scott Perkins, Dana Cano, Veronica Pinkett-Veal, Lydia Khalil, Holly Benton June 10, 2010 Contents Executive Summary 2 Cover, Table of Contents and Formatting 3 Introduction 3 Independent Auditor’s Report 5 Management’s Discussion and Analysis 6 Basic Financial Statements 6 Government-wide Financial Statements 7 Fund Financial
An entity charters a newly formed entity and then transfers some or all of its net assets to that newly chartered entity. b. A parent transfers the net assets of a wholly owned subsidiary into the parent and liquidates the subsidiary. That transaction is a change in legal organization but not a change in the reporting entity. c. A parent transfers its controlling interest
1 Strategic rationale for the acquisition of Myer Holdings Limited 1.1 Growth motive The main reason for this Mergers & Acquisitions(M&A) activity is the growing scale of Premier Investments Limited (Premier). The target for acquisition is Myer Holdings Limited(Myer). Myer is an important customer for Premier with significant common interest. And the competitor, Woolworths South Africa(Woolworths) has already achieved the David Jones acquisition. Therefore, Premier choose Myer as the target for acquisition
conventional hire purchase the market practice states that the lessee is to bear the maintainance costs. iii. The asset to be leased under the AITAB contrat must be deemed halal under the shahriah. It must not involve haram (prohibited) elements, such as
Uppsala Model/Internationalisation Process However, “The Uppsala Internationalisation Model” (Johanson & Vahlne, 1977, 1990), argues that organisations grow through incremental or gradual process by gradually increasing their internationalisation activities as they gain more experience and learning. Organisation they believe commit more resources as they gain more knowledge a certain market by first investing in close psychic distant market, (Banalieva & Santoro, 2009; B Elango, 1998; Balasubramanian
depict a picture of the financial well-being of a business and are used for financial performance analysis (Nelson, 1942; Stichler, 2008). First, the statement of financial position consists the assets that are owned by the HCO, the liabilities that the HCO has to the outsiders, and a portion of the HCO’s assets that belong to its owners (Finkler et al., 2013). It is a balance sheet indicating what the HCO has and what the HCO owes at a specific
(Introduction) Throughout the entirety of the paper I will discuss the purposes of the income statement and the balance sheet; while also identifying the major types of expenses shown on the income statement, and listing major types of assets inside the typical balance sheet. I will also discuss the three different accounts that comprise the owner’s equity on a corporate balance sheet and the three categories of ratios that a business may use in an analysis of its financial statements. Lastly I
The Comprehensive Annual Financial Report (CAFR) is consists of three major sections- introductory, financial, and statistical. The first part includes letter of transmittal, organizational chart, and the certificate of achievement from prior year. To begin with the introductory part, I am pleased to present this written statement presentation for the CAFR of the City of Punta Gorda, Florida for the fiscal year ended September 30, 2013. The City of Punta Gorda are comprised of different entities
Statements Balance Sheet There are several items that stand out when looking at the FY 2014 balance sheet. First, the majority of current assets are in the form of high liquidity investments, such as mutual funds or stocks. The organization has enough cash to cover its liabilities, so it is appropriate to invest any money not being used. Also, 99% of WPP 's net assets are unrestricted. This is preferred by many not-for-profit organizations because it allows them to use funds freely (Finkler, et al