Asset forfeiture

Chase banks offers three different types of bank accounts including Chase Savings, Chase Plus Savings, and Certificates of Deposit. Chase Saving has many benefits such as FDIC insurance protection, there are more than 16,000 Chase ATMs and 5,200 branches nationwide, and it earns interest. The interest rate for a Chasing Saving account that applies to all balances is 0.01%. The Chase Saving account is the regular, day to day account in which you may deposit your money, and withdraw it whenever…

he Income Summary account is used to Close the revenue and expense accounts. The income summary account is a transitional account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or loss that the business incurred during the period. Thus, shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue…

There is a common myth that consumers tend to believe. They believe that credit cards could help them build up their credit. Is this really true? According to Steve Repak, it is not true. Having a credit card does not actually boost someone’s credit. In his article, “The A to Z of Credit and Credit Cards”, Mr. Repak brings up some solid facts that support the claim that having a credit card does not necessarily mean that a consumer will have good credit. In the article, he describes the literal…

The Kroger Company Business Dictionary defines capital equipment as valuable items other than real estate or software that is used to make a product, market a product, or provide a service (2015). The Kroger Company assigns all new equipment purchases for its stores a useful life ranging from three to nine years (Wikinvest, 2012). The Kroger Company makes the determination to purchase new capital equipment based on the useful life assigned to previous capital equipment purchases. This…

After reviewing the balance sheet and the further information I was able to gather, I have come to a conclusion of what the purchase prices of Snow Mountain and Ski Town are, $357 920 and $373 173.32, respectively. Through adding the owner’s equity and goodwill for each company I was able to arrive at this amounts. I have further broken down the process I went through to make both ski merchandising company fairly comparable. Additionally, I have attached the balance sheets for Snow Mountain and…

Dear sir with reference to the above mentioned subject the information regarding existing business is as follows: While reviewing sales of company it is observed that our sales increases by 22% each year but that lead to increase in our expenses by the same percentage which leads us to be on loss side each year. Further the increase in sales is not consistent with increase in market, as market is expanding relatively more than our growth that results decrease in our market share year by year. On…

Red Flags: 1) The significant unusual increase in long-term assets From 2003 to 2007, we can see that Bear Stearns’s long-term assets increased $170,836 (124.96%), while its current assets increased only 16.38%. This is a red flags because long-term assets are usually funded by long-term debts or stockholders’ equity. If a company put too many assets in its long-term categories, its financial flexibility will be impaired. 2) The significant increase in current and long-term liabilities From…

paying ability can be concluded after analyzing Bob Evans’ annual balance sheet and quarterly balance sheet. According to the 2015 April’s balance sheet (see Table 2), the total current assets are 124,195,000 dollar, but the total current liabilities are 153,092,000 dollar. Based on the ratio: Quick Ratio = (Current Assets - Inventories)/Current Liabilities The Bob Evans quick ratio is 0.65, which is lower than 1. That means Bob Evans cannot afford the short term liabilities. Bob Evans should…

a. It can change rapidly. c. It is easy to regulate. b. It protects the less fortunate. d. It encourages growth. 6. What might be a hardship for citizens of a centrally planned economy making a transition to a market-based system? a. Farmers would have to grow the crops that the government instructed them to. b. Only poor quality goods would be available to consumers, because manufacturers focused on quantity, not quality. c. Workers would lose job security and guaranteed incomes. d.…

Table of Contents I. Executive Summary ............................................…………….………..................... 3 II. Theoretical Aspect (Literature Review) ..........………………................................. 6 3.1. Definition of Equal Employment Opportunities............................................... 6 3.2. Definition of Discrimination............................................................................. 6 3.3. Definition of other laws…