Archive for February, 2008

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Financial accounting related questions see detail?

Friday, February 29th, 2008
Ali asked:


a) How does accounting information assist management in measuring efficiency and effectiveness? (10 Numbers)

(b)Do the terms “financial reporting” and “financial statement” mean the same thing? Explain. (10 Numbers)

(c)Why are investments in marketable securities usually recorded as current assets? (10 Numbers)

These questions are of 30 Numbers of my assignment. I need a detailed answer of these questions.
If someone cannot answer these questions in detail give me links of experts which can help me.

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Posted in Other - Business & Finance | 1 Comment »

What is a good formula for splitting profits on a rental property investment?

Wednesday, February 27th, 2008
Maika asked:


I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren’t too concerned about figuring this out we bought the property.

I would really appreciate any suggestions from real estate investors experienced with partnership investments like this.

Here are the figures for the capital and work/mangement invested by each party.

Investor #1:
Invested $150, 000 by taking out a regular home loan.
Lived at the property and payed “rent”.
Did 85% of the maintenance, improvements and rental property management.

Investor #2:
Invested $75,000 from a home equity line of credit.
Did 0% of the maintenance, improvements and rental property management.

Investor #3:
Invested $25,000 from a home equity line of credit.
Did 15% of the maintenance, improvements and rental property management.

Thank you!

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Posted in Renting & Real Estate | 5 Comments »

i’m a finance major, but i’m not sure which concentration to choose?

Tuesday, February 26th, 2008
Sam asked:


Financial management or Investments? And why? Thanks! =)

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Posted in Financial Services | 2 Comments »

are career specialization certificates (diplomas) a waste of money?

Tuesday, February 26th, 2008
crisis asked:


I was looking to pursue some classes in the culinary arts. There are (what they call) career specialization programs where you concentrate on an aspect of culinary arts that most interests you…ex baking, cooking, management etc.
These courses are 17 credits (instead of the associate degree program where you learn everything about culinary arts…that is 66 credits)
I wanted to do the baking/pastry course to gain more credentials than I have already in food service…i know nothing technical about baking or pastries.
so do you guys think these certificates are hooey or a worthwhile investment? If I applied to a bakery, supermarket or private..or if i worked for a catering company would i get the job over any other entry level person if i had this?

also (yes i know the actual degree would be better) but i can’t afford it…no i don’t want a 21 thousand dollar loan…do you..that’s a lot of money when you make 8 bucks an hour and nobody can help you out.

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Posted in Food Service | 3 Comments »

Business Partnership Case Citings for Breach of Contract?

Friday, February 22nd, 2008
jimi p asked:


After having started a business with another person we created a written contract (signed & notorized) granting percent ownerships in properties & profits, with clauses addressing partnership dissolution — still granting ownerships & profit sharing after dissolution.

With $50K in my families contribution, over 7 years of my sweat equity (no paychecks), further public relations & business management contributions from both myself and my family, this business grew from a $140K investment to over a million dollar combined property/business with 12+ full-time employees.

After over 7 years, myself & my partner could no longer see eye to eye. Again, our written contract had provisions related to a dissolution along these lines, still granting my fair share in the investment. The other partner fundamentally breached our contract, never once sharing any of the profits, and now denying any share I have in either profits or property.

Is there any case law pertaing to this?

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Posted in Law & Ethics | 1 Comment »

What college major would be prepare me for a career in investment banking, consulting, management?

Wednesday, February 20th, 2008
Brian H asked:


I want to get a job in investment banking, consulting, management, or private equity.

What college major would best prepare me?

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Posted in Higher Education (University +) | 1 Comment »

Which state has the best 529 plan?

Wednesday, February 13th, 2008
Novice asked:


I have visited http://savingforcollege.com but unless I visit all the links, I couldn’t answer this question. I’m just looking for a good one in term of having a few decent investment options (not too many is ok just ranging from conservative to aggressive) and (importantly) low management fee.
Actually many 529 state plans I have checked (California, Nevada, Kansas, Alaska) do not have any tax break for residence.

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Posted in Personal Finance | 1 Comment »

What are you charged for financial planning or investment advice?

Wednesday, February 13th, 2008
j_m_camilleri asked:


Many financial services providers tout their financial advice as being for free. But we all know nobody does anything for free. Aparently there are a bewlidering number of ways in which investment advisors make their money such as trading commissions, hourly frees, trailer fees, management fees, performance fees and so on.

I would like to hold an online survey to gauge which methods most Y!Answers users come across and their views on each method or which method their prefer most.

Thanks for taking the time to answer my question.

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Posted in Investing | 5 Comments »

I need HELP?

Thursday, February 7th, 2008
superhomer1221 asked:


Describe the 3 interrelated areas of finance (money & capitol markets, investments and financial management)?
Why is it important for people in finance to know about all of these areas, even if they work in only one area

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Posted in Other - Business & Finance | 1 Comment »

Is Fox News really a Conservavtive News Network? = Waving real US Flags?

Sunday, February 3rd, 2008
too K asked:


K. Rupert Murdoch (Bought his US Citizenship for $1+Support H. Clinton)
Chairman and Chief Executive Officer–News Corporation

José María Aznar–Former President of Spain

Peter Barnes–Chairman–Ansell Limited–a global leader in healthcare barrier protection

Chase Carey–President and Chief Executive Officer–The DIRECTV Group, Inc.

Kenneth E. Cowley–Chairman– is a leading provider of services and technology to financial market participants in Australasia.

Viet Dinh–In 1978, Dinh’s mother took her children and fled Communist Vietnam in a 15-foot-long boat packed with 85 refugees. They landed in Malaysia. Six months later, the family arrived in Oregon and started life picking strawberries.

Rod Eddington-Non-Executive Chairman for–Australia and New Zealand
JPMorgan–A leader in investment banking, asset management, private equity, custody and
transaction services, middle market financial services, and e-finance.
www.jpmorgan.com

Andrew S.B. Knight- Rothschild Investment Trust

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Posted in Government | 4 Comments »

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