The Misguided Bond Case 11 Prepared by for Professor C.E. Reese in partial fulfillment of the requirements for ACC 541- FORENSIC ACCOUNTING School of Business/ Graduate Studies St. Thomas University Miami Gardens, Fla. Term A1/Spring, 2015 March 25, 2015 Table of Contents Issues………………………………………………………………. 1 Facts……………………………………………………………….. 1 Analysis/ Authority………………………………………………... 6 Conclusions/ Recommendation……………………………………. 8 Issues 1. What is Martin’s actually return for 2000, 2001, and 2002? 2. What would have been Martin’s return for years 2000, 2001, and 2002 if his portfolio had remained with its initial holdings? 3. How do STRIDEs contrast with conventional bonds? 4. How appropriate were these STRIDEs for a 78 …show more content…
These bonds are short-term, only 12 months until maturity and pay 12% annually. I haven’t seen all the details on them, but this really might be a good way to increase you’re your total income and at the same time avoid the interest rate risk of intermediate-term and long-term bonds.” “That certainly sounds good to me. What are the companies that back these bonds? You know that I don’t like risky companies. This is all of the money that I have.” “Right off hand I remember that National Telecommunicating Data and Glorious Home Products are two of them. Both of these companies have done very well over the past five years and are certainly good companies for the long pull. Since these bonds are so short-term, I would be very comfortable for you to own them. Why don’t you come down tomorrow and let me show you some information.” Romano looked at the summary diagram from their article that was written on the chalkboard to her left. She thought, “It’s obvious that the question of interest is the financial impact incurred relative to the benchmark of a well-managed portfolio. It was pretty clear that Martin’s portfolio had experienced significant losses. As to the data, the year-end statements are all that we need. The comparison will be easy”. However, Romano will need to evaluate all the related information to conclude whether or not the account had been
Although this investment class can be considered the most conservative of the three, the low yield of government bonds in the past 10 years does not lend a comparative metric against many other investment opportunities (Jacobs, 2012). The fixed rate of these instruments allows for a guaranteed return, but should only be utilized at a point in an investing cycle when risk is higher than potential income growth. The 25% allocation that is invested in this class is positioned to provide a long term guaranteed investment, with the possible that these lower rates will not rise significantly in the next few years.
The case is about Lake Eola Charter School (LECS) in downtown Orlando, Florida, Ronnie DeNoia is the principal of this school, who completed a course on nonprofit branding at the Philanthropy & Nonproft Leadership Center at the local college. She done this course to shore up her understanding of planning and managing a non profit organisation. She wanted to apply her new learning to evaluate the school’s competitive position, so there is need for environmental analysis, for this full understanding of the school’s internal environment and external competitors is necessary in order to improve the position of the school. And also the case talks about
Carla had received very low annual return from her investment portfolio comprising of stocks of five companies for two years. Her decision to continue holding the same portfolio of assets will be an example of:
Hearts ‘R Us (the Company) is an early stage, non-public research and development medical device company. They are in the final stages of going to market with the Heart Valve System. Bionic Body (Bionic), a SEC registrant, could benefit from the approval of the Hear Valve System and will help finance. Hearts sold Bionic $3.5 million of Series A Preferred Shares (Shares) of the Company with a par value of $1 per Share. The transaction was completed on November 30, 2011. As part of the stock purchase agreement, Bionic has the following rights:
preferred stock, and bonds) and prepare a seminar to explain the valuation process to the firm’s
"Aha, I thought that you 'd say that. But really, I 'm also at a tight position here. I can 't just sell you these for such a low price, you know." he paused, thinking. "Ah, I do have an idea, however. Since you 're such a great customer, let me tell you a secret." The man made sure to listen closely. "You see those three boats near the dock? At midnight, when nobody 's around, enter the ship in the middle - the door should be unlocked. If you head towards the captain 's
The internal stakeholders should include the board of directors, top managers, middle managers, and the staff. Their values and opinions towards the core purpose and values of DJJ are indispensable and important. Developing some surveys and organizing the meetings among the staff are helpful ways to learn and exchange ideas and thoughts about DJJ’s mission and values. The surveys may include the degree of staff satisfaction about the current mission statement and, in case if disagreement, include ways to change and improve the statement. Then, targeting the “customers” that DJJ would mainly serve and focus on is an efficient way to identify the external stakeholders and clarify the core purpose of DJJ.
Bob Schein, is a vice president of human resources at Glefair Electronics, as a listed company, Glenfair was required by the securities and exchange commission to issue public sales and profit forecasts Glenfair Electronics had over 10,000 employees and a reputation for producing high-quality electronic components used in a number of manufacturing applications.the company had begun to experience a slowdown in product demand. And their share price had declined as well in the last year and a half. Anwar patel joined Glenfair after completing his digree in accounting five years ago,for the past three years,partel had been preparing Glenfairs
According to the EEOC it is: “unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature when submission to or rejection of this conduct explicitly or implicitly affects an individual’s employment, unreasonably interferes with an individual’s work performance, or creates an intimidating, hostile, or offensive work enviroment.” Sexual harassment, is intimidation, bullying or coercion of a sexual nature, or the unwelcome or inappropriate promise of rewards in exchange for sexual favors. In some contexts or circumstances, sexual harassment is illegal. It includes a range of behavior from seemingly mild
Everyone will have to deal with the death of a family member or friend, as well as his or her own mortality. The certainty of the end of life can be very stressful and overwhelming. Many aspects of caregiving, treatment, and pain management are all part of the journey towards the end of one’s life.
Claims 1, 3-5, 7, 19, 29, 32, 33 & 39 also lack an inventive step for the reasons given above. An invention is necessarily obvious in the light of its disclosure.
1) I would utilize my Techno Beams #701 thru #704 with some yellow color at almost its full intensity and tilt them all the way up as I also load them with a color chase effect so that they can have this alternation pattern with each other in which all of these fixtures would open and close their dimmers as they alternate with each other, I would also play with the speed of this effect to get it as close as possible with the drummer since I think it would be a great idea if these fixtures fire up with the beat of the song as the drummer plays kicks his kick drum.
He leaned forward, folding his hands together on the table. “Are you sure there’s nothing more you can tell me about them?” he asked, his direct gaze holding mine.
In our economy, the government is always trying to improve the allocation of resources; one of the methods that improve the allocation of resources in our economy is the alteration of market failures that are caused by externalities. Externalities occur when an external source receives some of the costs of benefits of a certain good that the actual buyer or seller does not receive. There are two sides to externalities; there are both negative and positive externalities.
There has been no attack then clearly there will have been no need of defense if their has been attack so that defense is reasonably necessary. it will be recognize that person defending him self can not weigh to nicety that exact measure of his necessary defencive action there is a reasonable force be use then there is no crime.