Finance 550 - 9571 Words

Practice Exam Questions and Answers 1. The Widget Co. purchased new machinery three years ago for $4 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.s assets today is _____ and the market value of those assets is _____. A. $4,600,000; $3,900,000 B. $4,600,000; $3,125,000 C. $5,000,000; $3,125,000 D. $5,000,000; $3,900,000 E. $6,500,000; $3,900,000 Book value = ($725,000 + $1,375,000) + $2,500,000 = $4,600,000 Market value = $1,900,000†¦show more content†¦good reputation of the company C. equipment owned by the firm D. money due from a customer E. an item held by the firm for future sale Refer to section 2.1 AACSB: N/A Blooms: Comprehension Difficulty: Intermediate Learning Objective: 2-2 and 2-4 Ross - Chapter 02 #15 Section: 2.2 and 2.4 Topic: Depreciation 10. Which one of the following statements concerning net working capital is correct? A. The lower the value of net working capital the greater the ability of a firm to meet its current obligations. B. An increase in net working capital must also increase current assets. C. Net working capital increases when inventory is sold for cash at a profit. D. Firms with equal amounts of net working capital are also equally liquid. E. Net working capital is a part of the operating cash flow. Refer to section 2.1 AACSB: N/A Blooms: Comprehension Difficulty: Intermediate Learning Objective: 2-2 and 2-4 Ross - Chapter 02 #19 Section: 2.2 and 2.4 Topic: Income statement 11. The higher the degree of financial leverage employed by a firm, the: A. higher the probability that the firm will encounter financial distress. B. lower the amount of debt incurred. C. less debt a firm has per dollar of total assets. D. higher the number of outstanding shares of stock. E. lower the balance in accounts payable. Refer to section 2.1 AACSB: N/A Blooms: Knowledge Difficulty: Basic Learning Objective: 2-4 Ross - Chapter 02 #24 Section: 2.4 Topic: Cash flow fromShow MoreRelatedEssay Mt480 Corporate Finance Unit 9 Project1159 Words   |  5 PagesStudent MT480-01: Corporate Finance Unit Nine: Assignment Date Assignment: Complete the following exercises and problems from the textbook. 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Security Guards And Armed Guards - 1535 Words

Decades ago, many states did not have any hiring, screening, or training mandates for sworn police officers. Today, nearly every state has some sort of police officer, armed guard or security officer academy training and hiring regulations. There are almost twice as many security personnel in the United States than there are police officers, so why are there not widely accepted training standards for these personnel? This paper will attempt to explain the differences between Security Guards and Armed Guards and their screening and hiring regulations. To put this in perspective, The Division of Criminal Justice Services, Office of Public Safety provides administrative oversight for mandated security training. The New York State†¦show more content†¦There is a number of government agencies involved in the regulation of this State Code. Just as such, there are quite a few variations of security guards in different areas of expertise. In New York State, Security Guards are private citizens. According to the NYS Division of Criminal Justice Services Website, [http://www.nyc.gov ] Interested parties must first complete a required 8-Hour Pre-Assignment Training Course. Upon completing this course, they will apply to the Department of State for a Security Guard Registration Card. Upon receiving the card, they are able to seek employment as a security guard. Once they establish employment, they are required to attend a 16-Hour On-the-Job Training Course within 90 days of initial employment. Every year thereafter, security guards must complete an 8 Hour Annual In-service Training Course. Private security Guards perform their functions according to the policies of their employers. The company who hires a Security Guard outlines the tasks of the security Guard. As we know every company culture is diverse, therefore, it is the responsibility of the security Guards to educate themselves about the policies that are established by the company. Through continuous training, Guards develop the skills necessary to interact and address the different incidents that will happen during their time in a particular property. In addition to the required training courses

The French Revolution Free Essays

The French Revolution of 1789-1799, had a great impact not only to the people in France, but to rest of Europe, and the entire world. The major cause of the French Revolution was the disputes between the different types of social classes in French society. The revolution led to many changes in France, which at the time of the Revolution was the most powerful state in Europe. We will write a custom essay sample on The French Revolution or any similar topic only for you Order Now The revolution led to the development of new political forces such as democracy, and nationalism. It questioned the authority of kings, priests, and nobles. The revolution also gave new meanings and new ideas to the political ideas of the people. The primary cause of the revolution was the disputes over the people s differing ideas of reform. Before the beginning of the revolution, only moderate reforms were wanted by the people. An example of why they wanted this was because of King Lousis XIV s actions. At the end of the seventeenth century, King Lousis XIV s wars began decreasing the royal finances dramatically. This worsen during the eighteenth century. The use of the money by Lousi XIV angered the people and they wanted a new system of government. The writings of the philosophisers such as Voltaire and Diderot, were critical of the government. They said that not one official in power was corrupt, but that the whole system of government needed some change eventually, when the royal finances were expended in the 1780 s there began a time of greater criticism. This sparked the peasants notion of wanting change. Under the Old Regime in France, the king was the absolute monarch. Louis XIV had centralised power in the royal bureaucracy, the government departments which administered his policies. Together, Louis XIV and the bureaucracy worked to preserve royal authority and to maintain the social structure of the Old Regime. At this time in French history, the social classes played an important role in the lives of the people. The social structure of France was divided among three groups; the first, second, and third estates. Each social group had a varied type of people within their structure, which presented the different views of the people. The First Estate was the Church. During the ancient regime, the church was equal in terms of its social, economic, and spiritual power. The first estate owned nearly 10 percent of the land in France. It paid no taxes but, to support church activities such as school running,, and caring for the poor, they collected a tithe, or a tax on income. About one-third of the entire clergy in France served as parish priests. Also included in this estate were the nobles. Some of the nobles lived in luxury in major cities in France such as Versailles or Paris. Parish priests usually lived a hardworking life. This Estate was the minority of the people in France, having approximately 1 to 2 percent of the population. The Second Estate in French life was the nobility. They enjoyed extensive rights and privileges. They made up less than 2 percent of the population. They, like the First Estate, paid hardly any taxes. Economically, the nobility was characterised by great land wealth. Nobles were generally the richest member of the society. Typical sources of income were rents and dues for the use of their farm or estates. The First and Second estates were grouped together because they had similar political beliefs. The Third estate consisted of the commoners. It included the bourgeoisie, or the middle class, were by far the wealthiest. In the bourgeoisie, there were the merchants and manufacturers, lawyers, doctors and others similar to those types of professions. Peasants made up the largest group within the Third estate. They were forced to pay hefty taxes, tithes to the church, and rents to their landlords for the land they lived on. The last group within the Third estates were the city workers. They were servants, apprentices, and household maids. The major causes of the revolution were the differences these three groups had. However, there was another important factor during these times. France suffered from harsh economic problems. Poor farm harvests by farmers hurt the economy, and trade rules from the Middle Ages still survived, making trade difficult. However, the most serious problem was the problem facing the government during this time. The French government borrowed much money to pay for the wars of Louis XIV. Louis still borrowed money to fight wars and to keep French power alive in Europe. These costs greatly increased the national debt, which was at the time already too high. How to cite The French Revolution, Essay examples The French Revolution Free Essays The French Revolution was an uprising in human history that changed the way of life for many. The poor became poorer, the people became mostly jobless, the cities became even more lifeless. Not only did the Revolution affected music in the 1700s but it still has an effect on modern day music. We will write a custom essay sample on The French Revolution or any similar topic only for you Order Now The Revolution had an impact on many things; one of the many things being music. The French Revolution was also an evolution for music. The leaders of the Revolution wanted to end the aristocracy; they soon realized music could influence people so they used music to achieve their goals. The purpose of music during the Revolution was to unite a group of people to take action. The music was used to get people to feel nationalism pride and rise against the aristocracy. The Revolution influenced a numerous amount of composers. The emotions the composers felt during this time period influenced the way music was produced. The churches were the main supporters of musicians. They relied on people that could compose, conduct, and play the organ. Because the church demanded this, people obtained a living by working for the church. Musicians could also gain patronage from an aristocrat as another way to earn a living. â€Å"Kapellmeister is someone who is a composer, conductor, a performer, and organizer†(Kingsnews). The wealthy families would often hire these people to write and perform small pieces of music for entertainment. When the Revolution took place the aristocrats lost their fortunes, loss of music centers resulted from small states being consumed by neighbors. Public concert halls raised from the change. People had more availability to music because of this rise. However, the public wasn’t interested in heavy music. â€Å"The limits of music were not allowed to go beyond that of what was politically and socially acceptable to the old regime†(Kingsnews). The changes caused by the Revolution caused many people to lose their jobs which in turn unemployed many musicians. These changes affected many musicians because their music did not fit the popular trend of music. In the time of the French Revolution people often used their musical talents to get what they need. In the book, Revolution by Jennifer Donnelly on page 138 in the first paragraph gives an example of how music was used to people’s advantages. Levesque, the inn-keeper, makes a deal with Alex’s family; as long as they sing songs for his guests in the tap room he will give them a place to sleep. In the book, Revolution, on pages 114 and 115 Alex mentions that she, her father, and her uncle puts on puppet shows. She then says â€Å"We were all hungry, all thin, for the harvest was poor and the winter long.†(Revolution) Two paragraphs below Alex goes on â€Å"My mother wept. My brothers, all five of them, joined her.†(Revolution). Within this journal entry, Alex explains her family’s means of collecting money. Alex also plays her guitar for the Little Prince. When the Little Prince is locked in the tower she plays loudly hoping he can hear her. In today’s society, music no longer depends on the churches or patronage. The music style today varies from the style of music during the Revolution. Whereas classical composers made money during the Revolution, they would have a very difficult time earning money composing classical pieces. Another difference that stands out is the â€Å"performance and the ‘look’ of the musician†(Kingsnews). During the French Revolution people listened and gave money because of the feelings that emit from the song. However, today’s society buys music â€Å"based on the attractiveness of the musicians†(Kingsnews). Even though the evolution of music has changed dramatically people today still use music to tell a story, for entertainment, to influence one another. However, instead of using music to influence people to end aristocracy, music is produced to influence people to stand up for what they believe in. Modern music comes from the classical music that was created during the French Revolution. Modern musician uses the works of those who lived before them to inspire their own piece. Some musicians and their songs that were inspired by classical music are â€Å"Elvis Presley – I Can’t Help Falling In Love With You ; It’s Now Or Never, Queen – It’s A Hard Life, Barry Manilow – Could It Be Magic, Lady Gaga – Alejandro ; Bad Romance, Beyonce – Schubert, and many more musicians†(ClassicFM). Throughout the book, Andi does some similar things that Alex did during the French Revolution. One of these things is her music. Alex played her music in the streets of Paris for money. However, Andi doesn’t think of this at first. Andi stumbled upon this by accident. On page 96 in the book, Revolution, Andi is sitting on a bench when she hears a note from â€Å"Norwegian Wood†. She starts playing the song on her guitar, an old man drops a coin into her guitar case. On page 120 of Revolution, Andi is facing a problem; she is hungry. She tries to take money off her ATM card but is declined. After having a conversation with Minna Dyson Andi comes to the conclusion to play her music on the streets to make money so she can buy food. Later on page 122, a guy asks Andi if she wants to jam, to which she replied yes. They get a few more coins tossed in the case. After a little while, they split the money and head to a cafe together. On page 128 of Revolution, Andi meets Virgil, the â€Å"Hip-Hop master†. Andi, Virgil, and Jules starts playing music in the cafe. They’re playing in the cafe to earn some food. Remy, the cafe owner, tells them to play sad songs because then people will drink more. It’s just like the time when Alex and her family need a place to sleep, but instead Andi, and Virgil is playing for food. Andi goes to a party with Jules and Virgil, they pass through the catacombs to get to this party. The cops soon show up and everyone scatters. In the midst of running Andi trips and hits her head. When she wakes up she is now in the 1700s; the French Revolution to be exact. While she is in this time period she remembers what she read in Alex’s journal entries. On her way a shop to get new guitar strings, she sees the tower that the Little Prince is being held. Without thinking, Andi starts to play for him. Malherbauro tries to get her to stop but she keeps playing louder. Soon guards show up, they tell Andi to stop playing and move along. When Andi doesn’t respond or stop playing the guard hits Andi in the head with the butt of the gun. In Andi’s journey through this time period, she experiences what Alex experienced. The French Revolution impacted many things; one being music. Music during the French Revolution had a greater purpose than today’s music. However, today’s music influence people in a way music should influence people. Alex and Andi both used their talents to their advantages to get what they need. Although the French Revolution changed human history and many other things, it brought upon the evolution of music. How to cite The French Revolution, Papers