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Overview of Efficient Market HypothesisThe efficient market hypothesis was widely accepted by the financial economist over the past few decades ago. Such a wide acceptance was due to the fact that the stock prices were typically reflected by the information that was provided by the securities market. The above idea depends on the random walk theory which entails a price series in which there is often a change in the price of stock randomly from ...
The report has been prepared with an intention to analyse the feasibility of proposed expansion strategy with directors of Rob’s Furniture Restoration Limited (RFR), a family owned business with 3 directors on board. The company is seeking an opportunity to expand its business and has accordingly consulted the Accounts team to conduct a feasibility study of the project and comment on the same. The feasibility study has been annexed to th...
GDX Retail Ltd - Self-insurance against flood damageAccording to the conceptual framework, an expense consists of losses and expenses that occur in the ordinary course of business activities in the enterprise(Tent, 2015). Losses on the other hand characterises items that meet the definition of the expenses and may or may not arise in the ordinary course of business activities( Dichev, 2017). Losses represents decrease in economic benefits and ...
Loan repayment computationCost of house = $ 666,000 Down-payment for the house = $ 61,000 Hence, total loan assumed = 666000-61000 = $ 605,000 Total period of repayment = 25 years or (25*12) = 300 months Nominal rate of interest = 6.5% p.a. or (6.5/12) = 0.5417% per month The monthly repayment can be computed using the following formula. EMI = [P*R*(1+R)N]/[(1+R)N -1] Hence, monthly repayment = 605000*0.005417*(1.005417)300...
Question #1 Choose the correct answerQuestion # 1 1) Pure Risk is defined as: A) An event that offers no opportunity for financial gain (Munthe, 2011) 2) All the following are direct losses except: C) An apartment must be rented after a house is destroyed by fire 3) All the following are direct losses except: B) A store loses $200,000 in sales because a fire closes it down for two weeks 4) Which of the following is not an example of a C...
Outcome of Capital Budgeting Technique ApplicationThe above figure shows that capital budgeting technique application shows the best option available to Saturn pet care for starting the production process is Wodonga site which is clearly shown following all the methods of capital budgeting such as NPV analysis profitability index and payback period analysis (Fauzi, Basyith & Idris, 2013). The NPV method shows that the future cash flow...
Date Particulars Amount Amount 15/12/X8 Call Option A/c. 720000 Cash A/c. 720000 ...
Answer: Table showing total revenue and total expenses: With contract Manufacturing Years 1 2 3 4 5 6 7 8 9 10 Raw Material ...
Business activity statement1). In Australia the statute is trying relentlessly to increase the confidence that the investor have on the financial statements that are being prepared by the entities over the specific period. The statute is also trying to improve the integrity in the economy, corporations and the capital market.one of the factors that is going to constitute this is the preparation of the financial statements in accorda...
IFRS vs GAAP - Differences in Revaluation of AssetsThe information which is given in the financial statements, annual report and notes to accounts and disclosures of the companies form the basis for decision making by most of the investors and the stakeholders as to if the company is in good financial and economic state of affairs. But all the information that appears in the financial statements may not be relevant for decision making. There a...
Background of the DocumentIn this article the IASB has stated the revised definitions of the assets and liabilities. It has also provided a guidance on how to measure and present the same along with proper disclosure. It is not a revision of the parent document that was released in 2014 but instead it is just a change in the topics that were not covered in that parent document related to the given topic (Webster, 2017). As the background ...
Part I: 2017 Financial Statements and NotesWSP Global Inc is a Canadian organisation involved in providing management and consultancy services to the developed and natural environment. The organisation is listed on the stock exchange of Toronto having 36,000 staffs approximately in 500 offices serving in 40 nations (WSP, 2018). Requirement a: In accordance with “Page 80 of the annual report of WSP” in 2017, information about IF...
Liquidity ratiosZurich Plc. is a publicly listed company specialising in manufacturing and distributing office equipment. In this report, company’s profitability and liquidity position are gauged for 2015 and 2016 financial years through the computation of five categories of ratios. These are liquidity ratios, profitability ratios, asset utilisation ratios, gearing ratios and market value ratios. The financial records are given. Also t...
Theories of Outward Foreign Direct Investment (OFDI)Foreign direct investment (FDI) is an important part in the strategy of national development. Strategies have been developed but they only focused on inward flows (Anyanwu 2012, pp. 14). But recently, outward foreign direct investment has been put into consideration and was more integrated and considered in development policies of emerging and developing economies. Theories have been develope...
Qualitative Features of Financial Statement and IFRS StandardThe information presented through financial statements or part of Financial Statement like profit and loss account, the balance sheet and cash flow statement helps the decision maker and investor to take investment and business decision. However, all the information recorded in financial statement is not relevant for decision-making purpose (Belton, 2017). However, there are som...
Designing a basket of goods in two countries for the purpose of demonstrating your understanding of purchasing power parity.With the ramified changes in economic condition and increasing investment options, each and every investor could use the international investment options to create value on the investment. In this report, design basket of goods has been prepared. After that interview with the two people and survey of the kind of exp...
Shareholder Details of the CompanyThere are several financial tools which could be used by the management of the Mako Gold Limited to implement the effective strategic program. Ratio analysis, top-down analysis, bottom-up analysis and Du Pont analysis are the some of the financial tools which could be used by investors and management to make the effective financial planning. The ratio analysis and CAPM methods are used to evaluate the ca...
Capital Budgeting of Bathurst Site and Wodonga SiteExecutive Summary The assignment is about two different case studies which deals with two different situations. The first case study deals with Saturn pet care which is engaged in manufacture of products for pets. The company is trying to expand its business by introducing a new product in the market for which the company has option of selection from two different production sites which are B...
The Public Interest TheoryWith the help of financial statements like Income and Expenditure account, balance sheet, cash flow statement the important information can be assessed that might help the investors and stakeholders to make decision for the type of investments and upto the time period the investements can be made. It might so happen, that is really recorded in the financial statements may not be helpful at all, for the individuals a...
Financial AnalysisThe substantive tests are the balances that are used to decrease the threats of the audit risks. The internal control system helps to determine material consideration of account balances. It is considered that Arafira Resources Limited has been taken into consideration to evaluate whether company has been facing high loss in its business. Arafira Resources Limited is the mineral extraction company which has been running its ...
Profitability RatiosTaggart Transpacific Ltd. is a New Zealand based company which is engaged in supply and manufacturing of building materials to the construction companies. Due to the increase competition and to enhance its competitive advantage, the company is looking forward to purchase a controlling interest in the construction company for securing and ensuring its future demand. The companies chosen are Alpine Constructions and Maple Bui...
Opposition to Nullification of Federal Laws by Daniel Webster1). Daniel Webster tends to oppose the ability of the state to nullify the federal laws on the basis of the fact that the act of nullification of a certain act might not help in the alteration of the concerned situation. The author of the document further state that the nullification of the federal laws in case of the oppression of the concerned citizens of the state might not be hel...
Challenges Faced by Financial Reporting Practices under IFRSInternational Financial Reporting Standards (IFRS) are designed for the purpose of providing clear understanding of the company accounts all across the international boundaries. In this context, conceptual framework assists the accountants in resolving accounting related issues, which is a framework for the purpose of establishing accounting standards. This framework associates all th...
About UnileverThe multinational companies today face several risks while operating in the global market. These risks have serious impact on their businesses and necessitate them to adopt appropriate risk management strategies and business policies. The paper would study the risks which business organisations face by taking Unilever as the example. It would also delve into strategies which Unilever takes to deal with the risks. Unilever is a...
SpecificationsAnswer 1: MacVille Pty Limited was a café chain based in Queensland and having its outlets in Queensland and Sydney, Australia. The café chain offering high quality coffee and gourmet food in café style environment. The café was looking forward to acquire Hurley’s Café in Toowoomba. One can infer from the strong business o...
