Open Question: how can I describe checking and saving accounts and mutual funds and stocks in as much detail as possible?

how can I describe investments in as much detail as possible. Find specific account offerings and be specific about interest rates, terms of investment, and expected return

10 Mar 2010, 8:35 pm | click here to view more

Open Question: SOS!!!!! Help solve a problem!?

Matthew Ryan, CFO of Bags & Purses, Inc., opened the company confidential envelope on his desk. It contained a draft of a competitive bid for a contract to supply duffel canvas to the U.S. Navy. The cover memo from Bags’ CEO asked Mr. Ryan to complete the bid before it was submitted. The bid and its supporting documents had been prepared by Bags’ sales staff. It called for Bags to supply 100,000 yards of duffel canvas per year for 5 years. The proposed selling price was fixed at $30 per yard. Mr. Ryan was not usually involved in sales, but this bid was unusual in at least two respects. First, if accepted by the Navy, it would commit Bags to a fixed-price, long-term contract. Second, producing the duffel canvas would require an investment of $1.5 million to purchase machinery and to refurbish Bags’ plant in Pleasantville, North Carolina. Mr. Ryan set to work and by the end of the week had collected the following facts and assumptions:  The plant in Pleasantville had been built in the early 1900s and is now idle. The plant was fully depreciated on Bags’ books, except for the purchase cost of the land (in 1947) of $10,000.  Now the land was valuable shorefront property. Mr. Ryan thought the land and the idle plant could be sold, immediately or in the close future, for $600,000. Assume the land can be sold for $600,000 at the end of the Navy contract.  Refurbishing the plant would cost $500,000. This investment would be depreciated for tax purposes on the 10 year MACRS schedule.  The new machinery would cost $1 million. This investment could be depreciated on the 5-year MACRS schedule.  The refurbished plant and new machinery would last for many years. However, the remaining market for duffel canvas was tiny, and it was not clear that additional orders could be obtained once the Navy contract was finished. The machinery was custom-built and could be used only for duffel canvas. Its second-hand value at the end of 5 years was probably zero.  Mr. Ryan thought that working capital would average about 10 percent of sales. Cost of goods sold includes fixed cost of $300,000 per year plus variable costs of $18 per yard. Another confidential envelope arrived from Bags’ CEO. It contained a firm offer from a North Carolina real estate developer to purchase Bags’ Pleasantville land and plant for $1.5 million in cash. Requirements Should Mr. Ryan recommend submitting the bid to the Navy at the proposed price of $30 per yard? Or should the land be sold now? What if the land price increases by the inflation rate of 4% per year and is sold at the end of the project? Would this change your answer? The discount rate for this project is 12%. The income tax rate is 35%. Justify every your numbers.

10 Mar 2010, 8:21 pm | click here to view more

Open Question: how do investment banks like morgan stanley work?

how they make money, etc

10 Mar 2010, 8:13 pm | click here to view more

Open Question: investments and insurance??

i am 17yrs and i don't kn ow anything about insurance and investments.......what every things should i look when i take a insurance or investment in a bank..........

10 Mar 2010, 8:09 pm | click here to view more

Open Question: A leftward shift in the aggregate demand curve could result?

A leftward shift in the aggregate demand (AD) curve could result from a rise in: a)desired investment b)autonomous exports c)autonomous government purchases d)government transfer payment to households e)autonomous desired savings

10 Mar 2010, 7:53 pm | click here to view more

Open Question: ALL YOU P90X -ers... Need quick help with weights...any fitness guru out there? please?

I'm about to start the P90x workout but before I need to buy some weights for it because I don't want to use the resistance bands. My main goal is to add more mass and muscle to my body (21 years old with lean body size). I don't wan to buy a whole set of dumbbells because i don't have enough money to invest in something like that but i found alternatives to it .. Which of the following 2 would be a good investment to buy to make my P90x experience better? http://www.sears.com/shc/s/p_10153_12605_00614949000P?vName=Fitness+%26+Sports&cName=Strength+%26+Weight+Training&sName=Dumbbells OR http://www.sears.com/shc/s/p_10153_12605_00614898000P?mv=rr WHICH ONE OF THOSE WILL BE BEST QUALITY. AND OFCOURS WILL THIS tug UP BAR BE FINE FOR THE WORKOUTS (LINK BELOW) http://www.sears.com/shc/s/p_10153_12605_00614610000P?keyword=00614610000&sLevel=0&adCell=W3 also i cant tell how many LBs are in the weider set..it says total 40lbs but how many lbs of each dish is there

10 Mar 2010, 7:38 pm | click here to view more

Open Question: to move or not to move? (Q. ganna be a little long)?

My husband and i are currently renting a decent apartment (2bed 1bath) with our baby girl in humboldt county. I have lived here my whole life and adore it here! I adore the trees and I'm not a big fan of heat. Plus my mom, brother, and both grandmas live here! The only thing that's really bad about here (for me) is that the housing is insane!!!! A super tiny crappy home that is a fixer (bad like unlivable til fixed) runs around 100,000 to 130,000 while a livable but still tiny home runs at 140,000 plus. I can easily afford 110,000 to 120,000. 130,000 is do-able but not as comfortable living... I don't want to struggle to make a payment. My husband really wants to move back down to merced county area. That's where his family currently lives. The housing is really low and you can receive a really nice place for about 100,000 to 140,000. But its hot there! Also I like his family but I have a difficult time because 1) most of them don't talk english so it gets difficult to understand whats going on and sometimes its a little boring for me when ev1 is speaking another language and i'm just sitting there. 2) different culture= different beliefs. Many members of the family believe I belong in the kitchen and I am not like that. I cook and clean but I'm very independent. I drink, I have friends, and I also believe that my husband should help. Its just that his family makes rude comments and stuff when I'm not in the kitchen every the time. He sticks up for me, but I don't want to deal with that every the time. I do want a home! really bad! I'm getting to that point in life where I want to start investing. Currently I'm throwing away 700$ a month for rent! Its going towards no investment and I'm getting a little irritated because I want that to go towards something. What do you every think? What would you do? what have you done in these situations? Also, for those of you who have, how do you move to buy? Do you move in with family then buy after settling? let me know!? Thanks for hearing me out! :)

10 Mar 2010, 7:02 pm | click here to view more

Open Question: I need help with an important personal economics and finance test?

At your most recent family reunion, you receive to talking to your Aunt Emma. She asks you how you are getting along with your new job and apartment. You tell her every about your careful job search, your analysis of your apartment search, your car purchase, and even your budget. Aunt Emma is very impressed with your understanding and excellent work in these areas so important to your financial success. She is so impressed that she decides to give you a gift of $6,000, since she knows you'll be able to handle the money responsibly. But here are her restrictions on the gift: You can use $1,000 as "free money" and use it to take a vacation, buy a new stereo system, or do something else fun. The other $5,000 must be divided into high liquidity investments (checking, savings) and medium / low liquidity investments (CDs, bonds, stocks, mutual funds, IRA). It is up to you exactly how your money is divided, but you must have some money in each type of investment?????????

10 Mar 2010, 6:44 pm | click here to view more

Open Question: What do I need to know about online investing?

I've been considering doing some online investments. I was thinking maybe Etrade. But I know next to nothing about the whole thing. What do I need to know and what would be some good reads on the subject?

10 Mar 2010, 6:30 pm | click here to view more

Open Question: At what rate would you need to invest $10,000 for 12 years, compounded monthly, for the investment to reach a?

At what rate would you need to invest $10,000 for 12 years, compounded monthly, for the investment to reach a balance of $15,000? Express your answer to the nearest hundredth of a percentage.

10 Mar 2010, 6:18 pm | click here to view more

Open Question: Econ Multiple Choice Help!?

1. The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, government purchases ($470). What is GDP in this economy? (Points :1) $3,250 billion $3,263 billion $3,237 billion $3,290 billion 12. The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($940); personal consumption expenditures ($4,920); imports ($170); exports ($133); gross private domestic investment ($640). What is GDP in this economy? (Points :1) $6,463 billion $6,500 billion $6,537 billion $6,633 billion 13. The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050); personal consumption expenditures ($4,800); imports ($370); exports ($240); gross private domestic investment ($1,130). Personal consumption expenditures are approximately what percentage of this economy? (Points :1) 60 percent 65 percent 70 percent 75 percent 14. Nominal GDP was $10,624 billion in year 1 and the GDP price index was 104. Nominal GDP was $11,246 in year 2 and the GDP deflator that year was 106. What was real GDP in years 1 and 2, respectively? (Points :1) $9,983 billion and $10,111 billion $10,022 billion and $10,813 billion $10,215 billion and $10,609 billion $10,624 billion and $11,246 billion 15. If real GDP in a year was $3,668 billion and the price index was 112, then nominal GDP in that year was approximately: (Points :1) $3,846 billion $3,925 billion $4,108 billion $4,379 billion

10 Mar 2010, 6:12 pm | click here to view more

Open Question: Help with econ questions?

Any help would be appreciated. Thank you! 1. Which measure of inflation would include consumer goods and capital goods? a) The GDP price index b) The Consumer Price Index c) The Retail Trade Survey d) The Survey of Manufactures 2. Inflation is a: a) Sustained decline in the general level of prices b) Sustained rise in the general level of prices c) One-time change in the general level of prices d) Movement of the economy toward full-employment 3. Search and wait unemployment is another way to describe: a) Noncyclical unemployment b) Cyclical unemployment c) Frictional unemployment d) Structural unemployment 4.The best example of a "frictionally unemployed" worker is one who: a) Reduces productivity by causing frictions in a business b) Is laid off during a recessionary period in the economy c) Is in the process of voluntarily switching jobs d) Is discouraged and not actively seeking work 5. A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or below 16 years old. There are 210 million who are employed and 10 million who are unemployed. What is the unemployment rate? a) 3.3 percent b) 3.6 percent c) 4.5 percent d) 5.2 percent 6. The entry of women into the workforce since the 1960s resulted in: (Points :1) a) A shift outward in the production possibilities curve of the United States b) A shift inward in the production possibilities curve in the United States c) A movement along the existing production possibilities curve in the United States d) A falling real wage for women workers of the United States 7. Rising real wages for women in the U.S. workforce since the 1960s have: a) Reduced access to job opportunities for women b) Increased the opportunity cost of staying at home c) Led to a rise in the number of lifetime births per lady d) Reallocated labor resources from urban to rural areas of the nation 8. An example of U.S. public investment in infrastructure would be: a) A construction company b) An oil and gas pipeline c) A manufacturing plant d) A waste water treatment system 9.Which is the single most important source of U.S. economic growth? a) Stability of the socio-cultural-political environment b) Improvement in the legal and human environment c) Increases in the quantity of labor d) Increases in labor productivity

10 Mar 2010, 6:09 pm | click here to view more

Open Question: Rent out home as primary residence or convert to rental property?

I have to move and my home would cost me $65k out of pocket to leave, so I'm going to rent it out with a property management company. I may not ever return to this city and I'm building my life somewhere else. It's my understanding that there are much better tax benefits when handling a property as an investment property as opposed to a personal residence. You can do the 27.5 year depreciation, you can deduct every HOA, maintenance, upgrades, etc. On the other hand, keeping it as my personal residence has benefits including tax free appreciation, and maybe being more eligible for whatever government scheme they arrive up with next for borrowers below water. Is my understanding of the basics correct? And what would you recommend?

10 Mar 2010, 5:49 pm | click here to view more

Open Question: Should companies have a greater investment in Current Assets or NonCurrent Assets ?

10 Mar 2010, 5:44 pm | click here to view more

Open Question: Do Shareholders have a right to sue a CEO?

To be clear, what nice of legal action can shareholders pursue if the CEO sells his entire stock on a bad investment? This is for my Law class.

10 Mar 2010, 5:43 pm | click here to view more

Open Question: what is the meaning of this Walden quote?

Our whole life is startlingly moral. There is never an instant's truce between virtue and vice. Goodness is the only investment that never fails.

10 Mar 2010, 5:36 pm | click here to view more

Open Question: How should I finish my short story?

I am writing a short story for school. It is suposed to have a strong emphasis on theme. I started writing one. It is 300 words now and needs to be 1000. Any ideas on how to finish? Jeff Hayes never thought it would arrive to this. That he would be on the outside looking in, or the inside looking out, however you want to think about it. For the past year he was always a couple steps ahead of everyone else, until they finally caught up to him. It started off tiny, but Jeff just couldn’t help himself. *** one year ago *** Jeff was worried, what was he going to do about his retirement? He was every set to receive a hefty pension in three years, after every he was the chief of police. When he was informed of the financial cutbacks, Jeff was devastated. He had no investments, and only enough savings for a couple of years. He was only 58 years old, he thought he still had some good years left before he would sit and do nothing. He needed to think of something, and quick. After weeks of brainstorming and coming no closer to an answer, it hit him when he least expected it. He was about to take down one of the city’s larger drug importers, he just needed some extra evidence. Jeff was shocked when the man, Jermaine Taylor, called him off the record. For some reason, maybe fate, Jeff decided to answer, and his life was never the same. “hear Hayes, I think we can both help each other out here,” said Taylor. “What do you mean?” Jeff replied. “What I mean is that I know about the pension, and you know about my business dealings. How about we help each other make that go away. I’ll give you $20,000 right now to back off,” answered Taylor. “OK,” said Jeff.

10 Mar 2010, 5:31 pm | click here to view more

Open Question: Is the statement "You can spend your way out of a debt" short-sighted?

What about investments? You could invest in something, and the end result may be an amount which covers your debt in full, and more. For example, think of every the wealth technology generated. The products of NASA have generated more wealth than was spent on them. I'm not sure how accurate this statement is, but according to a source from wikipedia "a relatively tiny metallic asteroid with a diameter of 1 mile can contain more than $20 trillion US dollars worth of industrial and precious metals" http://en.wikipedia.org/wiki/Asteroid_mining#cite_note-MTS1997-0 These are just thoughts for you to think about.

10 Mar 2010, 5:20 pm | click here to view more

Open Question: Why is it ridiculous to have an expensive wedding?

How I look it is it is one day and it is supposed to be the happiest day. But it is one day and you are wasting 10 Gs or more.Honestly at the end of the day a wedding is not an investment it is a liability which you waste money for a memory. It is ridiculous to me. How do I explain this to a lady that it is ridiculous to pay a big sum of money for one day..Please help me out here

10 Mar 2010, 5:11 pm | click here to view more

Open Question: WHAT KIND OF CRIMES ARE MOST COMMON?

Councillors can argue they aim to establish the cause of crime in certain areas by investment on the demographics of the constituency, and into the commercial sector to promote trade. Yet sport & leisure and the arts and entertainment every contribute to the commercial sector? While investment of the budget into local businesses may be favourable received by their MP, it does not establish the important areas that are shown to decrease lack of mental stimulation and decrease idle pursuits. Financial support to young mothers can be compensated by investment into the natural attainers that aspire to more in life. Thus fulfilling promises and dreams, and the potential of a mind deserves more attention than fulfilling stomachs. A question in morality should not yield to material prosperity. A crime is not always the action. A crime can also be an omission to act such as failure to fulfil a duty of care. In court, in order to assess guilt in relation to crime, the prosecution must be able to prove 1.) the gulity act, and 2.) a guilty mind uninfluenced by factors such as mental well-being. This is where many legal representatives make their money.

10 Mar 2010, 5:04 pm | click here to view more

Open Question: How long will it take, to the nearest hundredth of a year, for an investment to triple if it is going to be in?

invested at a rate of 11% compounded continuously?

10 Mar 2010, 4:43 pm | click here to view more

Open Question: How can i make money fast?

Make 800,000 dollars in just a few months!!! Dear Friends: I am a student who has little to no money. It’s difficult to make money as a student, so I’m constantly trying my best to find ways to make money legally. I came across this article written by an attorney and was very skeptical, but to my surprise it actually worked. So here is the infamous article that has helped me make some extra cash and stay afloat while I’m in school; Greetings: I am a retired attorney. A few years ago a man came to me with a letter. He asked me to verify the fact that this was legal to do. I told him I would review it and receive back to him. When I first read the letter my client brought me, I thought it was some “off-the-wall” idea to make money. A week and a half later we met in my office to discuss the issue. I told him the letter he originally brought me was not 100% legal. My client then asked me to alter it to make it perfectly legal. I asked him to make one tiny change in the letter. I was still curious about the letter, so he explained to me how it works. I thought it seemed like a long shot, so I decided against participating. But before my client left, I asked him to keep me updated on his results. About two months later, he called me to tell me he had received over $800,000 in cash. I didn’t believe him, so he asked me to try this idea and find out for myself. I thought about it for a couple of days and decided I really didn’t have anything to lose, so I asked him for a copy of the letters. I followed the instructions exactly, mailed 200 copies, and sure enough, the money started coming in! It arrived slowly at first, but coming. I kept a precise record of the earnings, and in the end, it totaled $978,493! I could hardly believe it. I met with my pal for lunch to find out exactly how it worked. He told me there are quite a few similar letters around, but this one is different because there are six names at the end of the letter, not five like some others. This fact alone results in your name being in far more returns. The other fact was the help I gave him, making sure the whole thing was legal, since no one wants to take the risk of doing something illegal. By now you are surely curious to know what tiny changes to make. If you sent a letter like this one out, in order to be completely legal, you must actually sell something in order to receive a dollar in return. So when you send a dollar to each of the names on the list, you must include these words, “PLEASE PUT ME ON YOUR MAILING LIST” and include your name and address. This is the key to the program. The item you will receive for the dollar you sent to the six people below is the letter. At the time I first tried this idea, I was earning a good living as a lawyer. But everyone in the legal profession will tell you there is a lot of stress that comes with the job. I told myself if things worked out, I would retired from my practice and play golf. I decided to try the letter again, but this time I sent 500 copies. Three months later , I had totaled $2,341,178! Here are a few reasons a person might give for not trying this program: Ø Some people think they can never make a lot of money with anything this simple. Ø Some are afraid they will be ridiculed for trying Ø Some dream of big sums of money, but do nothing to actually achieve it. Ø Some are just plain lazy. Ø Some are afraid of losing their investment. They think this program is designed to beat them out of a few dollars. The system works if you will just try it. But you must follow the simple instructions exactly, and in less than three months, you will receive $800,000 GUARANTEED! Keep what you are doing to yourself for awhile. Many will tell you it won`t work and will try to talk you out of your dreams. Let them know of your success after it works. LETTERS FROM PARTICIPANTS IN THIS PROGRAM: My name is David Rhodes. In 1992 my car was repossessed and bill collectors were housing my. I was laid off and my unemployment ran out. In October of 1992, I received a letter telling me how to earn $800,000 anytime I wanted. Of course, I was skeptical. But because I was so desperate and virtually had nothing to lose, I gave it a try. In January 1993, my family and I went on a 10-day cruise. The next month I bought a brand new Mercedes with cash! I am currently building a home in Virginia and I will never have to work again. This money program really works perfectly every time. I have never failed to receive less than $500,000. This is a legitimate, money-making opportunity. It does not require you to sell anything or to arrive in contact with people. And , best of every, you only leave the home to mail the letters. If you have always believed that someday you would receive the lucky break, then simply follow the instructions and make dreams arrive true. Larry McMahon, Norfolk, VA Six months ago, I received this letter and ignored it. Five more came within a period of time and I ignored them also. I was tempte

10 Mar 2010, 4:36 pm | click here to view more

Open Question: An investment grows at 24% compounded monthly.?

An investment grows at 24% compounded monthly. How many years will it take to do the following? (Round your answers to 1 decimal place.) (a) quadruple _______ yr (b) increase by 55% ________yr

10 Mar 2010, 4:27 pm | click here to view more

Open Question: How do I start building an investment portfolio?

I'm brand new to investing and I've been reading some of the articles on Investopedia, but I could use a little more guidance. What is the best way to start putting together an investment portfolio? Should I just start buying stocks or should I immediately think about diversification and mix it up a bit? Any help would be greatly appreciated, and I'd be really glad if you could link to some further reading. Thanks!

10 Mar 2010, 4:20 pm | click here to view more

Open Question: What banking option should I use?

My 8yr old son appeared in an commercial and he is receiving multiple checks. I want to know which type of account I should open for him as an investment. A CD , bonds, what?

10 Mar 2010, 4:12 pm | click here to view more

Open Question: When people say that the return on remodeling is 76% do they include the cost of labor in that percent?

To slim down the numbers lets say we spend $20.00 on physical items and $80.00 on labor, we would look $76.00 on that investment if we sold our home. Or are they saying we will on look 76% of that $20.00?

10 Mar 2010, 4:08 pm | click here to view more

Open Question: How should I book these expenses (accounting question)?

Accounting question: I have "ACME Company" which makes widgets, and now I'm trying to start a new company "BUFO Company" which will service whatnots. The startup costs to receive "BUFO" established, legal fees, computers, etc, will be paid by "ACME" to start with, but once "BUFO" is solvent will pay those expenses back to "ACME". So in ACME's accounting, how should I best book those costs? Create a "BUFO expense" account? Or is it an asset account; an "Investment in BUFO" (asset)?

10 Mar 2010, 3:58 pm | click here to view more

Open Question: I hate my job! Ways to make the time go by faster?

I work in a telemarketing middle for an investment firm. UGH its so boring and i've gotten so fed up telemarketing lately. its such a pathetic job and frustrating too. It's only 4 hours, but they crawl by. anybody have any tips to make time go by faster? I go in in a half hour.

10 Mar 2010, 3:22 pm | click here to view more

Open Question: Car people - I want to purchase a 1994 3 series BMW 325IC - V6 - Opinions?

I was wondering if this is a decent investment. I was told from many people that if it was well maintained and I maintain it well that it could last a lifetime. I have a 2000 protégé and decided I wanted to upgrade but of course I am actually considering buying an older car (1994). The selling price is 6600$ with a difficult top included so I can steer in 4 seasons. So far everything seems to be in good/working condition only has 176KM. A pal from work is selling… I’ve had a few comments from friends saying that I am better off putting my money in a newer car or leasing one. I am not a fan of having monthly payments and this car is fun esp in the summer. I guess I am looking for an opinion of someone who bought an older BMW and if they had a lot of problems ( I knw the parts can be pricey) Let me know your thoughts.

10 Mar 2010, 3:16 pm | click here to view more

Open Question: fair value option project?

Case 08-8 Gainey car, Inc. Albert Gator, the controller of Gainey car Inc. ("Gainey"), has requested a meeting with the engagement team and the chief financial officer of Gainey to discuss implementation issues associated with the adoption of FASB Statements No. 157, Fair Value Measurements, and No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. Gainey has just filed its September 30, 2007, Form 10-Q and is interested in understanding the implications of the adoption of the fair value option ("FVO") for certain assets and liabilities. Gainey understands that in order to apply the FVO to the selected items for fiscal 2008, the company must make and document its elections by January 1, 2008, but Gainey is unclear as to every of the implications. Albert indicated that Gainey is considering electing the fair value option for certain 1 investments in debt securities that are accounted for as available-for-sale ("AFS"), an investment in a joint venture, forward commodity contracts, an issuance of long-term debt, and a warranty obligation. Albert has provided the following details about these assets and liabilities. . Assets include: • AFS debt securities which are traded on exchanges that are considered "active markets." • A 50 percent limited partnership ownership interest in a joint venture called Tebow. The Tebow investment is accounted for below the equity method of accounting. Tebow owns and operates a tire manufacturing plant in Jacksonville, Florida. Gainey also funded the Tebow joint venture start-up activities through an advance that is recorded as a loan receivable on Gainey's balance sheet at a carrying value of $19.5 million as of October 1, 2007. • Ninety-day forward commodity contracts to purchase steel used in production of its vehicles. These contracts do not meet the definition of a derivative below FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, and are not currently reported on the balance sheet, except for periodic contract settlement balances. Liabilities include: • $2 billion of fixed rate public debt that is actively traded on an exchange. This debt is fully hedged with an interest rate swap (notional equals face value of debt) that meets the hedging criteria in Statement 133 and is appropriately accounted for as a fair value hedge. Unamortized debt issuance costs associated with this debt instrument are $4 million as of October 1, 2007. • • A warranty program providing replacement parts, including any related service (e.g., installation) for defective products for up to five years. below the program, Gainey may only settle the warranty by providing replacement parts and services (i.e., Gainey cannot settle a claim in cash or pay a third party to perform below the warranty). In preparation for implementing Statement 159 on January 1, 2008, including having every of the required documentation in place, Gainey performed a "mock" implementation as of October 1, 2007. Before the meeting, Albert gave the engagement team an analysis of the carrying value and estimated fair value of the assets and liabilities as of October 1, 2007, (the hypothetical date of adoption), as presented below. Albert and the CFO would like the engagement team to review the analysis and discuss whether management's analysis is reasonable and appropriate. Albert and the CFO are planning to gift this information to the Board of Directors later in the month. : "Mock" Implementation — Gainey Analysis as of October 1, 2007 Type of Instrument Assets AFS securities (look note A) Investment in Tebow Commodity contracts Liabilities Public fixed-rate debt (look note B) Interest rate swap Warranty obligation October 1,2 Preelection Carrying Value ;•;;.: Br/(Cr) $ 35,000 $ 45,000 $- $ (1,975,000) $ (25,000) $(1,400,000) 007- | : Fair Value; Dr/(Cr) 1 in OOO's $ 33,000 $ 47,000 $ 600,000 $ (2,100,000) $ (25,000) $ (1,300,000) Y Pretax H Impact of Initial 1 Adoption $ 2,000 $- $ (600,000) $ 125,000 $- $ (100,000) Notes: A: Because Gainey holds a substantial position in certain AFS securities, Gainey's management believes the company would probably receive less than the quoted market price if it were to liquidate the entire position at once. Therefore, Gainey reduced the quoted market value of these securities by $2 million to arrive at the fair value (i.e., Gainey incorporated a block discount). B: Unamortized debt issuance costs were $4 million as of October 1. 2007. Required: Answer the following questions, documenting any issues identified and every professional literature used to support recommendations and conclusions for resolving these issues. Issue 1: Is the election of the FVO and the measurement below Statement 157 of the , items listed below appropriate, accurate, and complete? If not, what observations i caused the engagement team concern? Instruments Is t

10 Mar 2010, 2:47 pm | click here to view more

Open Question: Short Sale Vs Foreclosure?

I'm in a situation where I have the opportunity to short sale my property instead of letting it go to foreclosure. This might seem like a very easy answer, of course do the short sale, but there seems to be some compounding factors which may guide to foreclosure being the best option. My unique situation requires that I pay partial closing of $5000 to do the short sale. I'll explain.... My outstanding balance on the home is $205k, the buyers final offer was $140k, and the bank is requiring $145k to close. My realtor is requiring me to pay $5k to close the gap between the buyer and bank. The buyer appears to be some investment company that buys distressed properties for profit. My reason for questioning the short sale... I've read an article online about, "Deficiency Judgments." The bank can seek a deficiency judgment for the shortage on the actual amount received versus the amount that was due. Using my unique situation, the judgment may be recorded against me for $60,000. If the bank does pursue a deficiency judgment against me, I may have to file bankruptcy at a later date to remove the judgment. I refuse to pay 5 grand and still end up having to claim bankruptcy... Is there a way to require the bank to forgive the deficiency..? The property is in Maryland I am 18months behind

10 Mar 2010, 2:23 pm | click here to view more

Resolved Question: Expected Profit from a Risky Portfolio?

Consider the following, two investments alternatives. First, a risky portfolio that pays 20% rate of return with a probability of 60% or 5% with probability of 40%. Second, a treasury that pays 6%. If you invest $50,000 in the risky portfolio, your expected profit would be???? Can you please help me solve this with, if possible, any formulas you use.. Thanx

10 Mar 2010, 2:22 pm | click here to view more

Open Question: Which of the following was part of Theodore Roosevelt's foreign policy? 10pts?

A. America would oppose Chinese colonization. B. America would cease foreign investments in businesses. C. America would use force to support its economic interests. D. America would not interfere with foreign governments. No. It was C. :(

10 Mar 2010, 2:20 pm | click here to view more

Open Question: i want to start business in rajkot so pls give some idea for tht?

if any nice of job works in rajkot than pls rply.n even i have some land or sade also at industrial area at metoda.so pls give suggestion wht to do.minimum investment for business

10 Mar 2010, 1:58 pm | click here to view more

Open Question: work from home website?

I am a stay home mom residin in US of A...n wanna earn xtra cash...Can any1 recommend work frm home using internet job w/out any investment at every..data entry and typing jobs also wil do..sales job websites not req

10 Mar 2010, 1:54 pm | click here to view more

Open Question: What are the best Vanguard mutual funds to invest in.?

I have a little bit of money i would like to invest with. I was speaking with an investment guy and he said that with the amount of money i have i should spreat it out 25 percent to big Company US funds, tiny Comp US funds, International Funds, and then a Bond Fund. My question is there aer so many funds to pick from i don't know what the best one for me would be. I am a college student, just getting into my carreer and i just need a little further advice can anyone help?

10 Mar 2010, 1:54 pm | click here to view more

Open Question: How To Withdraw Money From A UTMA Account?

Hi, I have a UTMA account with Merrill Lynch Wealth Management use to be Banc of America Investment Services, Inc. but Merrill bought them or joined forces or something like. Anyways its with Merrill now and I wanted to know when can the UTMA or CUST (UTMA me & CUST my Mom) withdraw some or every money if possible the money is suppose to be for collage. The way my mom set it up is when I turn 25 years old (18 now) the account would be mine. But were having budget crunches (foreclosure) and need the money to receive things together. New Jersey law applies to the UTMA. So tell the procedure in order to withdraw money out of the account. Thank You...

10 Mar 2010, 1:49 pm | click here to view more

Open Question: How are Options Trade different from Stock Trading?

I'm a college student and recently I've been playing stock simulation games online. Hopefully I gather enough capital to trade in the real market within a few years from now. What I do on the simulation game is simply buying and selling company stocks. I noticed some people make a lot of profit from doing options trade. How does Options Trade work? How is it different from regular stock trading? Would you say it's riskier investment method than stock?

10 Mar 2010, 1:37 pm | click here to view more

Open Question: Is this letter of interest a good one?? please help?

Greetings from Romania,good wishes,prosperity and succes in business. I am writing to express my interest in construction materials. In the period 2001-2009,I had to deal with difficult problems concerning business.It was established a monopoly touching my meat affairs, that produced sausages.In october 2009, collaborating with Christie Frey, I sold the factory "Iorc-Delicatese".In addition, in 2009 the communist party quit, after 8 years of governing the country.Luckily, a new democracy coalition took their place. This change gives a real possibility to cooperate with foreign investors.Now,in Moldova the investment climate has become better ,with real,bigger chances in affair domain.Now I am thinking to arrive back working with construction materials,building houses, affairs and hotel services.I possess in downtown a building - 800 m2 with a 1000m2 allotment for raising a hotel.(You saw it.) I could be the represantative or a dealer of construction materials producer ,from Europe.At the same time I am interested in affairs that involves recreational surfaces such as hotels,lakes,pools,golf,tennis pavilions,forests,fishing,restaurants etc. For this,I posses 6000m2 of private ground , 22000 m2 of forest .(in concession 25 years) and a tiny river. This represents some of the advantages or achievements that I perceive,but maybe there can be more. In conclusion I would be very glad if the related content had interested you.If you need any information from Moldova I'm always disposable.I wish for having a profitable,mutual cooperation and a relation based on moral principles. Regardfully ...

10 Mar 2010, 12:59 pm | click here to view more

Open Question: find the compound interest and compound amount for the following investments:?

a, $3,000 at 5% compounded annually for 6 years. b. $3,000 at 5% compounded semiannually for 6 years. c. $3,000 at 5% compounded quarterly for 6 years. d. $3,000 at 5% compounded monthly for 6 years.

10 Mar 2010, 12:31 pm | click here to view more

Open Question: What is a good online source to buy American Eagle 1 oz. gold coins?

Another question is: Do you have any other tips for buying these coins? Is there a way to receive ripped off? What is the typical price of these coins in relation to the price of gold? Should they be looked at as buillion investment or is there a better way to buy gold for investment purposes. Thanks for your help. John

10 Mar 2010, 12:18 pm | click here to view more

Open Question: Time well spent? One life and it's here...?

Ah atheists I really shed a tear in your investment. Your life is so fascinating and full to be here in this forum!

10 Mar 2010, 12:15 pm | click here to view more

Open Question: Need ideas for new business?

by profession, I am a web developer and possess a web development company. The company runs in good profit but its not a smooth business. i am looking to change the business to do something else which is less headache. In web development business, I have to give at least 17 hours of work which is a big problem for me. I want to do a business with good profits and work less hours than I am currently doing. I am also tight on budget so wouldn't be able to handle a big investment business. Any ideas, highly appreciated. Thanks

10 Mar 2010, 12:08 pm | click here to view more

Open Question: Looking for a lender for an investment property?

Looking to buy an investment property in CA. Can anyone recommend a good lender that will accept 10% down for an investment property of $300K or less?

10 Mar 2010, 11:57 am | click here to view more

Open Question: What are the advantages/disadvantages of having an LLC in CA vs NV?

I am about to start an LLC to manage and hold my future investment properties. I could file the business in CA (state I live) or NV (frequently there for family reasons), but not sure what is better for yearly operating costs and taxes. Can somebody please lay out the advantages/disadvantages of having a LLC in CA vs NV?

10 Mar 2010, 11:50 am | click here to view more

Open Question: Why won't my employer allow me to transfer my 403(b)?

For many years I participated to a 403(b) plan offered by my employer to their full time employees. Recently I changed my status from full time to per diem and can no longer contribute to their 403(b). I would like to roll over my 403(b) into a Traditional IRA but the employer is telling me that I can't do so unless I completely separate from the company. So now I can't contribute and can't roll over my investment to my IRA. Is this legal?

10 Mar 2010, 11:45 am | click here to view more

Open Question: Buy investment property with or without an LLC?

Currently I possess my home and I am looking to buy another as an investment. For protection and tax reason I heard it is best to possess the investment as an LLC. Is it better to buy the investment property below my possess name and transfer to the LLC later? Or should I start an LLC then buy the property?

10 Mar 2010, 11:43 am | click here to view more

Open Question: What are the earning prospects inthe mushroom producing & selling ?I mean what`s the Return on Investment(%)?

ALso I want some guidance for the pros &cons of this business.

10 Mar 2010, 11:33 am | click here to view more

Open Question: Job interview with Edward Jones Investments. What can i expect?

I have a phone interview with the human resource dept at Edward Jones. Does anyone have any knowledge as to what to expect pertaining to questions asked?

10 Mar 2010, 11:17 am | click here to view more

Open Question: Advice needed - Gifting a bond /MF to my brother?

I am an Scientific researcher so I have very less knowledge about the Investment banking. I want to gift an amount (approx 10K- 20K) in the form of some bonds / certificates . It should be an ivestment for distant future (approx 5 yrs) and return of which he can collect after 3 yrs/5 yrs. I would like to know which is the best posible option. I how to go ahead with that. Can i buy it so that he knows about this only after i gift him (signing and every other things done by me). Can i buy it online (as im stationed in germany).

10 Mar 2010, 11:05 am | click here to view more