Capital One, paid $520 million in cash and stock, has received a $3.56 billion investment from the Treasury Department as part of the government's effort to stabilize the banking industry. Capital One, a McLean firm, got Chevy Chase's 250 branches -- the wealthy region's largest branch network. Capital One has pursued a strategy in recent years of buying regional banks to get access to their deposits, which the company uses as a cheap source of funding for its credit card operations. Chevy Chase brought with it $11 billion in deposits, increasing Capital One's deposit base by about 10 percent. Sources said Capital One was attracted to Chevy Chase by the quality of its local banking operation and planned to wind down its national mortgage lending business.
Anderson Company owns $5,000 of material used on various client projects. Anderson Company owes suppliers $21,200. Anderson Company owes $41,000 to the bank. Anderson Company’s cash balance is $14,400. Answer: A.
In deciding how to account for an unusual or unique transaction for financial reporting purposes, should one consider the tax treatment applied to the transaction? 3. Did Peat Marwick have a right to change its position on the proper accounting treatment for the stock redemptions? What factor or factors may have been responsible for Peat Marwick’s decision to change its position regarding these transactions? Facts In 1983, GEICO announced plans to purchase several million shares of its outstanding common stock for $60 per share.
$15,300C.$18,700D $23,700E. $35,500 | 3 | b | Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15,900 and depreciation is $680.
The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product. 3,400 billion of the world assets controlled by the largest 100 companies with 40% owned in other major countries. In the past it was statistically known that 70% of the trade market with 80% investments, and 40% in off shore accounts was controlled by these multinational corporations, drawing an excessive rates from the U.S. and the majority of wealth in other non U.S. regions. Local cultures of third world countries are stratified into various areas. These countries are open to new ways of proficiencies (e.g.)
4 Nov. 2011. <http://www.ec.gc.ca/default.asp?lang=En&n=714D9AAE-1&news=3C7732ED-B2B7-4E45-8A54-A495500E58DB>. Dwivendi, O P., Patrick Kyba, Peter J. Stoett, and Rebecca Tiessen. Sustainable Development and Canada: National and International Perspectives. Peterborough: Broadview Press Ltd., 2001.
The SEC called Adelphia’s acts “the worst case of financial fraud in a public company” (U.S. Securities and Exchange Commission, 2002), to me this proves my point and that is that more actions need to be taken to nip unethical business practices in the bud. In 1952 John Rigas purchased a cable company for $300 in Coudersport, Pennsylvania. The purchase was made to hedge against lost sales for his movie theater. Adelphia Communications Corporation was created in 1972 with his brother Gus. Adelphia purchased Century Communications for $5.2 billion becoming the 6th largest cable company in the late 1990’s (AICPA, 2003).
The company shows annual revenues of approximately $4.5 billion and about 25,000 employees operating in more than 70 countries. The banana market, worth about $5 billion a year in 2001, is the most important global fruit export. The majority of the 14 million tons of bananas exported every year come from Latin America. Chiquita's subsidiary in Colombia was Banadex. Chiquita’s history in Colombia is more than a century old & became the most profitable business of Chiquita in the world.
During the year of 2012, cash used for investing activities of Wendy’s totaled $189 million, increased $131 million from 2011. The two largest investing activities appeared in Wendy’s statement of cash flow are capital expenditures and acquisitions. Cash capital expenditures of Wendy’s in 2012 totaling $197.6 million, including $71.9 million for reimaged and new Image Activation restaurants, $13.5 million for new restaurants, $28.0 million for point-of-sale equipment, $23.2 million for the construction of a new building at its corporate headquarters and $61.0 million for various capital projects. In 2012, Wendy’s acquired 56 franchised restaurants. The purchase price was $38.1 million in cash.
Monro Muffler/Brake | Credit Analysis | | Table of Contents Description of Requested Credit Facility 3 Executive Summary 3 Organization Description 3 Economic & Industry Forecast 6 External Factors 7 Highlights of the Financial Statements 8 Five Year Projections 13 Net Income and Cash Flow Projections 13 Credit Analysis/Ability to Meet Financial Obligations 14 Pricing the Credit Facility 15 * Description of Requested Credit Facility In anticipation of the expiration of its existing credit facility, Monro Muffler/Brake is requesting a five-year, $175 million revolving credit facility from Wells Fargo Bank. The company will use this credit facility to replace smaller existing facilities and use the additional funds for general company needs. As the largest chain of company operated under-car facilities in the U.S. , this credit facility will allow the company to continue to improve its financial position in the retail automotive service industry. * Executive Summary In determining the viability of the organization, the macro-economy, industry prospects, and the company itself are all thoroughly evaluated. The company’s financial statements from the past three years are analyzed in great detail and net income and net cash flow projections are completed for the next five years to gain a sense of the capability of the organization to repay the pending revolving credit facility.