Approximate estimate and a definitive estimate
What is the difference between an approximate estimate and a definitive estimate? When would you use one instead of the other? How does the culture of an organization influence the quality of the estimates? Why?
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If bank suffers deposit outflow of $50 million with required reserve ratio on deposits of 10 percent, what action should you take to keep the bank from failing?
Write down a 700- to 1,050-word paper in which you explain your project. Use the estimate you created to recognize costs which are expensed and costs that are capitalized. Describe the following:
At December 31, 2012, Vermont Industries reported three temporary differences between accounting and taxable income: Vermont had $25,000 of future deductible amounts resulting from accrued warranty liabilities.
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Illustrate the difference between an approximate estimate and a definitive estimate? When would you use one instead of the other? How does the culture of an organization affect the quality of the estimates? Explain why?
What action must bank take to decrease interest-rate risk? Describe. Describe how you can use interest rate swaps to decrease bank interest rate risk.
They pay 60% with cash the month it is incurred. They pay for the rest on credit of which they pay 75% the month after it is incurred and 25% two months after. They also have depreciation in their operational expenses of $10,000 a month, and have
McBean Inc. reported net income of $300,000 for the year ended December 31, 2009. McBean Inc. had 50,000 shares of common stock outstanding throughout 2009. On January 1, 2009, McBean Inc. issued 400, five-year, $1,000 face value bonds at par. The
Write down some methods to make accurate estimates? Write down the benefits and risks of each method? What considerations should be recognized when creating initial estimates? Why are such considerations important?
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