Asset forfeiture

Question 1 Accounting standards The accounting standards used by the organization in Australia, to prepare financial report under Corporations Act 2001 s296, are set by the Australian Accounting Standards Board(AASB). The accounting standard contains the matters to be disclosed in the financial statement. All the public and private sectors should apply these accounting standards to prepare the general purpose financial reports. Whenever the general purpose financial report is prepared,…

Adley- Week2 DQ2 Initial Reply Capital expenditures (CAPEX) are actual expenses incurred to purchase or maintain property assets. These cash outflows are capitalized on the balance sheet, shown as depreciable expenses on the income statement, and deducted over an IRS-specified term of 3-7 years. Explicitly regarding pro forma analysis, CAPEX are projected costs to maintain the asset in good repair, and a line-item section under improvements of the depreciation schedule, along with tenant…

The current ratio for Costco is at 0.99 for the year 2015. The current assets for Costco are $17,317. The current liabilities for Costco are $17,495. The current ratio for Kroger is 0.873 for this year. The current ratio for Kroger has been back on the rise. The company’s ability to pay short-term debts and other current liabilities…

Stock Comparison Report While carefully analyzing the stock market, I have chosen to follow two specific stocks in accordance with the New York Stock Exchange. The stocks Douglas Dynamics and Johnson Controls both sell consumer goods in the auto parts industry. Douglas Dynamics claims the title of North America’s premier manufacturer of vehicle attachments and equipment. Particularly, Douglas Dynamics specializes in snowplows and other means of equipment dealing with harsh winter weather…

In today’s financial world, there is one ultimate driving factor, and that is money. Money is the ultimate driving factor in the financial world. Many individuals working within the financial sector get influenced by the idea that making profit is the main priority regardless of the costs that could be incurred. One of the biggest cost that can be incurred is deregulation. The issue of deregulation has caused a divide amongst society. Many push for regulation because they fear that risky actions…

Patrick of Ireland: His Life and Impact. By Michael A. G. Haykin. Fearn, Tain: Christian Focus Publications, 2014, xi + 98 pp., $12.00. Patrick of Ireland: His Life and Impact, a book which pictured the life of St Patrick through the eyes of Michael A.G. Haykin. Through all the information gathered by Haykin, he’s able to show the reader that Patrick, even though different committed himself to missions, evangelism, and Scripture. The purpose of the book review is to prove that Haykin…

Green Eyed The time was 10.19pm. The large traffic light rested at red for what seemed like a century. I quickly turned my head in both directions, looking left and right. I couldn’t see a single motor vehicle at all. I sighed. I was always late. Looking into the shiny rear view mirror a saw a mess of myself. My brown hair was unruly and my lipstick was smudged. After what seemed like ages, the light finally turned green. My driverless car shot forward into the night. I suddenly saw a silver bug…

get some benefit in the future. In finance, this benefit can also be called a return. It may consist of capital gain and/or investment income, including interest, dividends, rental income etc. Generally, investment results in acquiring an asset. In case the asset is available at a price worth investing, usually it is expected either to appreciate in value, or to generate income. Normally investors expect higher returns from investments that are more risky. In last several years investments in…

creating, through financial engineering, an illiquid asset into a security. Subprime Loans are examples of illiquid assets. During the process, loans are put together as a pool, held as the collateral of securitization and then transformed into securities. The common knowledge indicated that leverage was necessarily and directly correlated with improving in returns. Nonetheless, the theories…

looks at the relationship between a firm's short-term assets and its short-term liabilities. The main goal of working capital management is to ensure that a firm has adequate cash flow for their operations and has the most productive use of their resources. Net working capital is the excess of current assets over current liabilities. Since current assets can be financed by either current liabilities or long term funds, the excess of current assets must be financed by long term funds. There are…