a)$50M immediate cash.
b)$1M immediate cash and $2M payable at the beginning of each quarter for 10 years.
c)$2M at the end of every 3 months for 7 years and $1M at the end of the following 12 quarters.
Please state the PV for all scenarios, assuming that
Deciphering Financial Statements ( The Walt Disney Company) Locate the 2009
financial statements for The Walt Disney Company on the Internet and consider the
follow-ing questions: 1. How well did Disney do financially during the year ended
Discussion Question #1
Discuss any separation of duties necessary to control against unauthorized entries
to the general ledger. What other control procedures regarding the general ledger
should be employed?
Some basic separate of duties to thwart unautho
Discussion Questions - Chapter 1:
#4: An information system must meet three fundamental objects. Discuss why these
objects cannot effectively be met by a common set of information.
An information system must meet three fundamental objects which are: suppo
1) Understand what constitutes financial reporting (Lesson 1 slide 5)
Purpose of financial reporting is the identification, measurement and communication of
financial information about economic entities (ex: businesses) to interested parties
(a) No, because receipt from a customer order does not mean that revenue will for sure be earned.
Therefore its not recognized. Only recognized once we have earned it
(b) No, because timberlands still have not been sold. Just that it has increased in valu
#9 : Why does FASB treat interest payments as an operating activity rather than as a
Interest payment is treated as an operating activity rather than a financing activity
because interest is used to calculate net income, because FASB c
Bill Gates decided he wants to move to California and teach in the School of Business at GGU. To
entice him to join the faculty, he has been asked to choose one of the following sign on bonus options
since he doesnt need the money, he will donate it to c
(1) Discount on Bonds Payable
(2) Stock of Subsidiary Corporation
(3) 12% Bonds Payable (due in six months)
(4) US Treasury Bills
(5) Income Taxes Payable
(6) Sales Taxes Payable
(7) Estimated Claims under Warranties for
Service and Replace
#1: Discuss the differences between internal and external users of information and
their needs and demands on an information system. Historically, which type of user
has the firm catered to most?
Internal users of information consist of the fir
Chapter 4 - Problem #5:
#1: Segregation of duties by segregating the duties for each employee and ensuring
the same employee are not responsible for tasks which may allow them to steal money
from the company and can hid it. In the case of Jem Clothing whe
How can reengineering of the sales order processing subsystem be
accomplished using the Internet?
In the past decade, the Internet has become an integral part of our every day lives,
its ability to quickly gather the data we need in a matter of secon