Financial Management Discussion Week 7

In: Computers and Technology

Submitted By Deathraiders
Words 681
Pages 3
Q13-7. What is a debenture? Why do you think that this is the most common form of corporate bond in the United States? Is it is much less commonly used elsewhere?

A13-7. Corporations issue bonds to raise money to expand their businesses, cover operating costs, or finance corporate takeovers or reorganizations. Corporate bonds are debt obligations issued by corporations. Corporate bonds may be either secured or unsecured. Debentures are unsecured bonds, which means that bondholders have nothing but the corporation's promise that interest payments will be made on time, or made at all. This promise is often called "full faith and credit." Debentures are not backed by equipment, securities portfolios, mortgages on real estate, or any other specific assets. Instead of guaranteed collateral, debenture-holders are secured in their principal investment by the general credit of the issuer. Thus, while secured bondholders have priority over debenture-holders in the event of default or bankruptcy, debenture-holders have the same priority as other general creditors, such as banks, insurance companies and other financial institutions, and greater priority than shareholders of common or preferred stock. Debentures usually offer higher yields than secured bonds, which is the expected trade-off for increased risk to the principal investment. Debentures are the most common type of corporate bond. These bonds have no specific collateral such as real property or equipment, but are instead generally secured by all of the property of the issuing company. These bonds are popular with relatively stable companies that do not need to put up collateral against their loans because of the relatively low risk of default.
Companies sometimes issue debentures because they don't have enough assets to collateralize into a secured bond issue, or have already collateralized all their…...

Similar Documents

Financial Management Week 7 Homework

...FI360 Financial Management Chapter 13: Problems 13-1 P13-1. The initial proceeds per bond, the size of the issue, the initial maturity of the bond, and the years remaining to maturity are shown in the following table for a number of bonds. In each case the bond has a $1,000 par value, and the issuing firm is in the 40% tax bracket. a. Indicate whether each bond was sold at a discount, at a premium, or at its par value. b. Determine the total discount or premium for each issue. c. Determine the annual amount of discount or premium amortized for each bond. d. Calculate the unamortized discount or premium for each bond. e. Determine the after-tax cash flow associated with the retirement now of each of these bonds, using the values developed in part (d). Premium/discount per bond = Proceeds per bond – Par value per bond Total Premium/discount = Premium/Discount per bond ´ Size of issue (# of bonds) Annual premium/discount amortized per bond = Prem/Disc per bond ¸ Initial maturity (in years) [Premiums added to earnings each year, so increase taxable income and taxes paid; Discounts deducted from earnings each year, so reduce taxable income and taxes paid] Unamortized premium/discount per bond = Annual prem/Disc per bond ´ Number years remaining After-tax cash flow = [– (Unamortized prem/Disc per bond ´ Size of issue ´ Corporate tax rate)] [Retiring premium bonds: remaining premium realized as income, increasing taxes payable; Retiring discount......

Words: 585 - Pages: 3

Bsop 326 Total Quality Management - All 7 Weeks Discussions

...326 Total Quality Management - All 7 Weeks Discussions Purchase here http://chosecourses.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase here http://chosecourses.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase here http://chosecourses.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product......

Words: 490 - Pages: 2

Sec 435 Week 7 Discussion Sec435 Week 7 Discussion

...SEC 435 Complete Course Week 1 to Week 11 Download Answer here http://workbank247.com/q/sec-435-complete-course-week-1-to-week-11/12288 http://workbank247.com/q/sec-435-complete-course-week-1-to-week-11/12288 http://workbank247.com/q/sec-435-complete-course-week-1-to-week-11/12288 SEC 435 Week 1 Discussion "Security Analysis  and Protocol Analysis"  Please respond to the following: * Discuss three (3) security concerns of corporations in the U.S. Next, analyze the overall manner in which you would use security analysis to identify levels of concern and propose one (1) strategy to mitigate the concerns in question. Provide a rationale to support your response.  * Specify one (1) way in which you would use Three-Way Handshake to build a TCP connection between two (2) computers. Next, analyze the roles in which the various fields of the “TCP header” play in building and maintaining the connection. Include one (1) example of such role to support your response.  * http://workbank247.com/q/sec-435-complete-course-week-1-to-week-11/12288 SEC 435 Week 2 Discussion "DMZ  and Logs"  Please respond to the following: * Compare and contrast the key advantages and disadvantages of placing the following system types on a DMZ: Directory services (i.e. Microsoft AD), Web server, FTP server, File server, printer, and Domain Controller.  * It is commonly known that logs have become increasingly important in the IT industry--so much so that several security companies......

Words: 3013 - Pages: 13

Acc 306 Week 7 Discussion Acc306 Week 7 Discussion

...ACC 306 ACC306 Complete course Click below link for Answer Visit www.workbank247.com http://workbank247.com/q/acc-306-complete-course-acc306-complete-course/9551 http://workbank247.com/q/acc-306-complete-course-acc306-complete-course/9551 ACC 306 Week 1 Discussion "Usefulness of Excel 2010 to Professional Accountants"  Please respond to the following: * Analyze the primary ways accounting systems have been impacted through automation and tools such as Excel. Indicate at least two (2) ways in which these advancements have improved the work conducted by professional accountants. * Analyze the key challenges that accountants could face in using Excel 2010, and identify the primary ways in which those challenges would negatively impact their performance. Suggest at least two (2) ways that these challenges may be minimized. Provide specific examples to support your response. ACC 306 Week 1 Homework Click the link above to submit your homework assignment. O’Leary * Lab 1: Lab Exercises / Step-by-Step 3 – Hurricane Analysis * Lab 1: Lab Exercises / Step-by-Step 5 – Pecan Grove * Lab 1: Lab Exercises / On Your Own 2 – Personal Budget * Lab 1: Lab Exercises / On Your Own 3 – Tracking Project Hours ACC 306 Week 2 Discussion "Analysis in Excel Impacts Organizational Efficiency" Please respond to the following: * Determine the primary ways an accountant could use charts and graphs to highlight areas in which the organization could improve its efficiency and......

Words: 3546 - Pages: 15

Acc 317 Week 7 Discussion Acc317 Week 7 Discussion

...com/q/acc-317-week-1-to-week-11-discussions-and-homework/10462 http://workbank247.com/q/acc-317-week-1-to-week-11-discussions-and-homework/10462 ACC 317 Week 1 Discussion "Corporate Tax Resources" Please respond to the following: * From the first part of the e-Activity, identify one (1) interesting piece of information related to corporate tax that you found surprising, and explain why you found it to be surprising. * From the second part of the e-Activity, identify the challenges in locating Form 1120, the instructions for this form, and any supporting schedules in preparation for a corporate tax return. ACC 317 Week 1 Homework Click the link above to submit this assignment. Homework * Chapter 17: 28, 38, and 45 * Chapter 18: 33 and 44 ACC 317 Week 2 Discussion "Corporate Election" Please respond to the following: * Suggest at least two (2) factors that may contribute to a business owner opting to become a corporation, and ascertain the primary tax effects as a result. Provide support for your rationale. * According to the textbook, limited liability companies (LLCs) are becoming more and more popular in the United States. Analyze this growth, and give your opinion on the way in which this growth is affecting new businesses and their decision to operate as corporations. Provide support for your findings. ACC 317 Week 2 Homework Click the link above to submit this assignment. Homework: * Chapter 19: 32, 42, and 51 ACC 317 Week 3 Discussion "Impact of......

Words: 1525 - Pages: 7

Acc 403 Week 7 Discussion Acc403 Week 7 Discussion

...ACC403 Complete Course Week 1 to Week 11 Click below link for Answer visit www.workbank247.com http://workbank247.com/q/acc-403-complete-course-week-1-to-week-11/9673 http://workbank247.com/q/acc-403-complete-course-week-1-to-week-11/9673 ACC 403 Week 1 Discussion "Auditor's Role and Responsibilities" Please respond to the following: Compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over financial reporting. Identify at least two (2) objectives that are the most significant in reducing the risk of reporting errors or misstatements in financial statements. Provide a rationale for your response. Create a scenario where it would be acceptable for an external auditor to accept an audit engagement without having knowledge of a client's business environment. Ascertain the key legal ramifications and risk mitigation strategies associated with an auditor performing the audit. Support your position ACC 403 Week 1 Homework Chapter 1: Problems 1-17(a-e), 1-19(a-b), and 1-22(a-c) Chapter 2: Problems 2-18(a-e), 2-20(a-e), and 2-22(a-h) ACC 403 Week 2Discussion "Auditor Accountability" Please respond to the following: From the e-Activity, discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report. Identify...

Words: 2299 - Pages: 10

Acc 557 Week 7 Discussion Acc557 Week 7 Discussion

...com/q/acc557-complete-course-latest-2015/10445 http://workbank247.com/q/acc557-complete-course-latest-2015/10445 ACC 557 Week 1 Discussion "General Accounting Principles"  Please respond to the following: * “Bookkeeping and accounting are the same.” In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position. * Analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making. ACC 557 Week 2 Discussion "Accounting for a Specific Circumstance" Please respond to the following: * From the e-Activity research you gathered, analyze how you, as the Chief Financial Officer (CFO) of a “big box store” that has potential pollution, environmental-disposal, or demolition problems, would handle these costs in your financial statements and communicate this proposed plan to your colleagues on the management team. Indicate how any resistance would be overcome. Support your stance with the information that you obtained through your research. * Recommend the advantages and disadvantages of recording the above-referenced costs in the financial statements and how this might alter the company’s public image. ACC 557 Week 3 Discussion "Researching Financial Information" Please respond to the following: * From the e-Activity, analyze one company’s financial position and determine whether or......

Words: 1039 - Pages: 5

Acc 560 Week 7 Discussion Acc560 Week 7 Discussion

...ACC 560 ACC560 Week 1 to week 11 Complete Course Click below link for Answer visit www.workbank247.com http://workbank247.com/q/acc-560-week-1-to-week-11-complete-course/9704 http://workbank247.com/q/acc-560-week-1-to-week-11-complete-course/9704 ACC 560 Week 1 Discussion "Ethics in Management Accounting versus Financial Accounting" Please respond to the following: * Go to the AICPA Website to read the current AICPA code of professional conduct, located athttp://www.aicpa.org/Research/Standards/CodeofConduct/Pages/default.aspx. Next, assess the effectiveness of the current Institute of Management Accountants (IMA) code of professional conduct in promoting ethical behavior and providing guidance for the dilemmas managerial accountants are confronted with today. In your assessment, compare the IMA code of conduct to the AICPA code of professional conduct and its effectiveness. * Assess the aspects of your job that are most likely to be challenged ethically and suggest the approach(es) you will take in order to handle these situations. ACC 560 Week 2 Discussion "Labor and Materials Costs" Please respond to the following: * Read the article titled, “How the U.S. Lost Out on iPhone,” located in Week 2 of the online course shell. You may also view the article athttp://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=1&_r=1. Next, recommend one approach that the American labor market can take in order to lower the direct......

Words: 1716 - Pages: 7

Acc 562 Week 7 Discussion Acc562 Week 7 Discussion

...ACC 562 Complete Course Click below link for Answer visit www.workbank247.com http://workbank247.com/q/acc-562-complete-course-week-1-to-week-11/8378 http://workbank247.com/q/acc-562-complete-course-week-1-to-week-11/8378 ACC 562 Week 1 Discussion "Unbiased Reporting" Please respond to the following: • Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response. • Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion. ACC 562 Week 2 Discussion "Topic of Discussion" Please respond to the following: Analyze the changes made to corporate governance rules since the implementation of the Sarbanes–Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response. Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response. ACC 562 Week 3 Discussion "Application of Ethical Framework" Please respond to the following: From the case study, use the ethical framework to propose a course of action that you would take concerning the audit. Provide a rationale for your response. Imagine that you work for an audit firm and the firm selected you to...

Words: 2484 - Pages: 10

Acc 563 Week 7 Discussion Acc563 Week 7 Discussion

...workbank247.com http://workbank247.com/q/acc-563-complete-course-acc563-complete-course-acc/10484 http://workbank247.com/q/acc-563-complete-course-acc563-complete-course-acc/10484 ACC 563 Week 1 Discussion "Convergence of IFRS and GAAP" Please respond to the following: * From the first e-Activity, analyze the convergence of IFRS and GAAP as it relates to revenue recognition. Based on your analysis, recommend at least two (2) changes to revenue recognition that would improve financial reporting after the convergence. Justify your response. * From the second e-Activity, analyze the U.S. Security and Exchange Commission’s (SEC’s) position on convergence. Based on your analysis, predict if and when you believe the SEC would mandate the convergence for U.S. companies and the principal way in which U.S. companies might respond to the mandate. ACC 563 Week 2 Discussion "Principle and Rule Based Accounting" Please respond to the following: * Debate it! Rules-based accounting results in more effective financial reporting than principle-based accounting. Provide a rationale for your response. * Assume that convergence becomes a reality. Predict the governing body that would be in control, and suggest the strategic way in which they will administer accounting standards in the future. ACC 563 Week 3 Discussion "Accounting Research and Education" Please respond to the following: * Analyze current major accounting research tools. Based on your analysis, suggest at least......

Words: 2051 - Pages: 9

Bus 599 Week 7 Discussion Bus599 Week 7 Discussion

... BUS 599 BUS599 Complete Course Download Answer here visit www.workbank247.com http://workbank247.com/q/bus-599-bus599-complete-course-discussions-week-1-/11580# http://workbank247.com/q/bus-599-bus599-complete-course-discussions-week-1-/11580# BUS 599 Week 1 Discussion Due Week 1 and worth 20 points Important Notes This exercise is considered an academic writing exercise. Quality of response, grammar, and punctuation are considered in your overall grade. This exercise does not require the use of APA format or a cover page. Throughout this course, you will develop a series of written papers / projects that you will later combine into a complete business plan for a Non-Alcoholic Beverage company. For this exercise, you must first review the “NAB Company Portfolio”. The mentioned portfolio contains the company parameters and details you must follow when developing your company. Provide the following information to set the foundation for your non-alcoholic beverage (NAB) business plan. Create your NAB company name and explain its significance. Develop your company’s Mission Statement and provide a rationale for its components. Hints: Use the Statement of Mission template on pp. 72-73 on the course textbook: Successful Business Plan to aid your development. Extracting appropriate information from the NAB company portfolio, where applicable. You should fill in other required items in the template using your personal preferences. Note: You will need to recreate the template.......

Words: 1909 - Pages: 8

Fin 540 Week 7 Discussion Fin540 Week 7 Discussion

...http://workbank247.com/q/fin-540-week-1-to-week-11-complete-course-fin540-w/9895 Homework Link http://workbank247.com/q/fin-540-week-1-to-week-11-homework/10478 FIN 540 Week 1 Discussion "Risk and Return" Please respond to the following: * Go to Yahoo! Finance’s Website, located at http://finance.yahoo.com/. Select a publicly traded company in which you are interested, and figure out its symbol (e.g.: Apple-AAPL). Insert the company symbol into the search bar on the left-hand side where it reads “Quote Lookup” and click “Go”. Once on the stocks trading page, look for the vertical blue menu on the left of the page. Scroll down to “COMPANY,” click on the link titled “Key Statistics,” and review basic financial metrics for the chosen company. Discuss two (2) key financial metrics used by investors to evaluate the riskiness of a stock. Select the financial metric that you would be most likely to use and explain your reasoning. Support your selection with one (1) real-world example. * Examine the concept of risk and return as it applies to financial instruments. Determine the relationship between the two (2) and whether or not the relationship between risk and return always holds true. Provide a rationale for your response. FIN 540 Week 1 Homework FIN 540 Week 2 Discussion "Investment Banking" Please respond to the following: * Examine the manner in which investment banks previously used leverage to multiply profits and thus endangered the entire global financial......

Words: 2278 - Pages: 10

Bsop 326 Total Quality Management - All 7 Weeks Discussions

...Total Quality Management - All 7 Weeks Discussions Purchase here http://homeworkonestop.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase here http://homeworkonestop.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase......

Words: 490 - Pages: 2

Bsop 326 Total Quality Management - All 7 Weeks Discussions

...Total Quality Management - All 7 Weeks Discussions Purchase here http://homeworkonestop.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase here http://homeworkonestop.com/BSOP%20326/bsop-326-total-quality-management-all-7-weeks-discussions Product Description W1 DQ1 What is Total Quality Management W1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP 326 Total Quality Management - All 7 Weeks Discussions Purchase......

Words: 490 - Pages: 2

Bsop-326 Total Quality Management - All 7 Weeks Discussions

...BSOP-326 Total Quality Management - All 7 Weeks Discussions Purchase here http://sellfy.com/p/pBaZ/ Product Description W1 DQ1 What is Total Quality ManagementW1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP-326 Total Quality Management - All 7 Weeks Discussions Purchase here http://sellfy.com/p/pBaZ/ Product Description W1 DQ1 What is Total Quality ManagementW1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee Involvement W5 DQ1 Cost of Quality W5 DQ2 Supplier Relationships W6 DQ1 Statistical Tools W6 DQ2 Inspection & Process Evalutions W7 DQ1 Implementing TQM W7 DQ2 What is Six Sigma BSOP-326 Total Quality Management - All 7 Weeks Discussions Purchase here http://sellfy.com/p/pBaZ/ Product Description W1 DQ1 What is Total Quality ManagementW1 DQ2 A System Perspective W2 DQ1 Dr. Deming's 14 Points W2 DQ2 Quality Philosophies, Awards, and Standards W3 DQ1 TQM Leaders W3 DQ2 Who is the Customer W4 DQ1 TQM & Teams W4 DQ2 Employee......

Words: 616 - Pages: 3