Comparison of Two Types of Operational Budgets Assignment

Comparison of Two Types of Operational Budgets - Assignment Example Alternatively, variable costs can be stated as cost of every unit activity measure. Actual activity measures are then fed into the model after the accounting period. After this, the flexible budget is updated automatically by the variable costs. The resultant flexible budget is ten entered into the accounting system in order for comparisons to be made. These comparisons produce variances more relevant than those produced under a static budget. These variances are especially because the expenses involved are based on an activity. This accounts for the small variances registered in this comparison than those registered under static budget. Flexible budget can range across levels of sophistication. In basic flexible budget, alterations are recorded where there is a direct variation between certain expenses and revenues (Hope & Fraser, 2003). Under intermediate flexible budget, there are certain expenditures that will change with other activity measures and not with revenue. Advanced flexible budget deals with expenditures that vary only at given ranges of other activities and revenue. Master budget is a planning document that brings together all the budgets. It matches the beginning of a company’s fiscal year and be organized in quarters or months. The operating and financial budgets are the two parts of a master budget. It helps in judging the performance of company and its centers. The management makes modifies the master budget until it allocates funds to all set goals. Direct labor, direct materials, sales, manufacturing overhead and production are some of the budgets that show on a master budget (Finkler & McHugh, 2008). After preparation, the master budget is fed into the accounting system and financial reports are generated. Comparisons are then drawn between actual results and the budgeted amounts. There are spreadsheets that can help produce master budgets but they can have errors. A master budget appears

France and its relationship to the United States Research Paper

France and its relationship to the United States - Research Paper Example America was later colonized by the British and after a series of rivalry disputes with the French, Britain and the French army engaged in a war that led to the defeat of the French. The French were pushed away from North America and they retaliated by providing the American’s army with weapons to fight for their independence. The two nations have been involved in close ties ever since. Just like any other international relationship, the relationship between France and the United States has been challenged by tension and suspicion. Historically, the United States was the one at the receiving end of the relationship. The benefits that France brought to the United States were vast in the initial period of the international relations. As time passed, the relationship became symbiotic and it has been this way to date. In this paper, I will focus on the history of France and its relationship to the United States. France relationship to the US Since early in the 16th century, the French businessmen were interested in the United States since it was a viable export region for raw materials and food stuff. French explorers in the western hemisphere of North America provided information on the best settling areas for the French people and they formed a colonial empire in this region. The French settlements in the United States were in Detroit, St. Louis, Biloxi, New Orleans, Green Bay, Baton Rouge and Mobile. During the colonial period, the French’s main rival in the region was the Great Britain. The two colonial powers engaged in a series of wars against each other to secure land. In the 18th Century, after the defeat of France by the Great Britain in North America, France opted to form an alliance with the United States freedom fighters. France provided the US army with heavy ammunition to fight against the British colonial army. This marked the beginning of the common interests between the two nations. Together they managed to push Great Britain out of North America. The French later sold Louisiana to the US and this strengthened the US economy (Davidson, 2003). During the seven years war between Britain and France, the French coveted the fertile Canadian land, which was controlled by the British. In helping the US defeat Britain, France was hoping that Britain would be weakened to leave Canada too. After the US gained independence on 4th July 1776, France continued supporting the new nation to grow into an economic giant in the region. During this time, France had already undergone an industrial revolution and it mentored the US to undergo a revolution in industrializing. The two nations became close business partners with the US exporting most of its raw materials to France in exchange for machinery that was needed for industrialization. The two nations’ relations were strengthened when the French gave their US counterparts with the statue of liberty. It symbolized their friendship an d it gave the French a gate pass to freely migrate to the US. The relationship between the two nations has grown over the years and they have become influential on each other’s economy, politics and culture (Lionel, 2004). In the 20th century, the relationship between the two nations maintained its positive growth. The US helped France to defeat the Nazis who were determined to take over the nation. The two nations were in the pioneering group of nations in many international diplomatic unions like the United Nations, WHO and NATO. As the US gained more power and influence in the world, France began to feel threatened and it formed the European

Homosexual Parents: The Ongoing Struggle For A Family Essay -- gay marr

The Ongoing Struggle for a Family "The most important thing in a family is that all the people in it love each other.† This excerpt is from a children’s book, written by Leslea Newman, Called â€Å"Heather Has Two Mommies.† This story is intended to show kids that not everyone’s family is the same. Many reasons are given to dispute gay and lesbian parenting but all founded on some of the archaic beliefs that Hitler used to kill homosexuals during W.W.II, fear and prejudice! Although having children and being parents seems like a basic human right or choice, many people believe that the government should have the authority to discriminate who can are cannot have children, regardless of their parenting skills. Some say that it is unnatural for gay and lesbians to have children because they have to go to such extremes to have them (Oppos ..199). It is kind of ironic because it has become mainstream for heterosexual couples that are determined infertile to use artificial insemination, adoption, and even invitro-fertilization, and when one of these procedures is successful the couple is said to have had a miracle, while the gay or lesbian couple is said to be fanatical. Lesbian couples may use sperm banks, or they may become coparents with a gay couple that also wishes to have children. In these cases the child has 4 loving and nurturing parents instead of the standard 2. Another opposing view is...

Final Exam Acc/291

————————————————- 1) The Sarbanes-Oxley Act requires that all publicly traded companies maintain a system of internal controls. Internal controls can be defined as a plan to A. safeguard assets B. monitor balance sheets C. control liabilities D. evaluate capital stock ————————————————- 2) The purchase of treasury stock A. decreases common stock authorized B. decreases common stock issued C. decreases common stock outstanding D. has no effect on common stock outstanding ————————————————- ) Marsh Company has other operating expenses of $240,000. There has been an increase in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 l ower than in the prior period. Using the direct method of reporting cash flows from operating activities, what were Marsh's cash payments for operating expenses? A. $228,000 B. $232,000 C. $200,000 D. $280,000 ————————————————- 4) Where would the event purchased land for cash appear, if at all, on the indirect statement of cash flows? A. Operating activities sectionB. Investing activities section C. Financing activities section D. Does not represent a cash flow ————————————————- 5) In performing a vertical analysis, the base for cost of goods sold is A. total selling expenses B. net sales C. total revenues D. total expense ————————————————- 6) Blanco, I nc. has the following income statement (in millions): BLANCO, INC. Income Statement For the Year Ended December 31, 2011 Net  Sales †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $200 Cost of Goods Sold †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 20 Gross Profit †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 80 Operating Expenses †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 44 Net Income †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $ 36 Using vertical analysis, what percentage is assigned to Net Income? A. 100% B. 82% C. 18% D. 25% ————————————————- 7) Dawson Company issued 500 shares of no-par common stock for $4,500. Which of the following journal entries would be made if the stock has a stated value of $2 per share? A. Cash †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $4,500   Common Stock 4,500 B. Feature Article Fin 486 Final ExamCash †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $4,500 Common Stock 1,000 Paid-In Capital in Excess of Par 3,500 C. Cash †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $4,500 Common Stock 1,000 Paid-In Capital in Excess of Stated Value 3,500 D. Common Stock †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $4,500   Cash 4,500 ————————————————- 8) Andrews, Inc. paid $45,000 to buy back 9,000 shares of its $1 par value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a A. credit to Paid-In Capital fromTreasury Stock for $9,000 B. credit  to Retained Earnings for $9,000 C. debit to Pain-In Capital from Treasury Stock for $45,000 D. debit to Retai ned Earnings for $45,000 ————————————————- 9) Which of the following is a fundamental factor in having an effective, ethical corporate culture? A. Efficient  oversight by the company’s Board of Directors B. Workplace ethics C. Code of conduct D. Ethics management programs ————————————————- 10) Two individuals at a retail store work the same cash register. You evaluate this situation as A. violation of establishment of responsibility B. a violation of segregation of duties C. supporting the establishment of responsibility D. supporting internal independent verification ————————————————- 11) The Sarbanes-Oxley Act imposed which new penalty for ex ecutives? A. Fines B. Suspension C. Criminal prosecution for executives D. Return of ill-gotten gains ————————————————- 12) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000.Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? A. Bad Debts Expense †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $15,000   Allowances for Doubtful  Accounts †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $15,000 B. Bad Debts Expense †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $12,000   Allowances for Doubtful Accounts †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $12,000 C. Bad Debts Expense â⠂¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $12,000   Accounts Receivable †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $12,000 D. Bad Debts Expense †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 15,000   Accounts Receivable †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $15,000 ————————————————- 13) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000 ——————————â €”—————- 14) Intangible assets A. should be reported under the heading Property, Plant, and Equipment B. hould be reported as a separate classification on the balance sheet C. should be reported as Current Assets on the balance sheet D. are not reported on the balance sheet because they lack physical substance ————————————————- 15) Intangible assets are the rights and privileges that result from ownership of long-lived assets that A. must be generated internally B. are depletable natural resources C. do not have physical substance D. have been exchanged at a gain ————————————————- 16) The book value of an asset is equal to theA. asset’s market value less its historic  cost B. blue book value relied on by secondary m arkets C. replacement cost of the asset D. asset’s cost less accumulated depreciation ————————————————- 17) Gains on an exchange of plant assets that has commercial substance are A. deducted from the  cost  of the new asset acquired B. deferred C. not possible D. recognized immediately ————————————————- 18) Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are referred to as A. capital expendituresB. expense expenditures C. improvements D. revenue expenditures ————————————————- 19) When an interest-bearing note matures, the balance in the Notes Payable account is A. less than the total amount repaid b y the borrower B. the difference between the maturity value of the note and the face value of the note C. equal to the total amount repaid by the owner D. greater than the total amount repaid by the owner ————————————————- 20) The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be A. 12,000 B. $6,000 C. $3,000 D. $2,000 ————————————————- 21) Costs incurred to increase the operating efficiency or useful life of a plant asset are referred to as A. capital expenditures B. expense expenditures C. ordinary repairs D. revenue expenditures ————————————————- 22) If a corporation issued $3,000,000 in bonds which pay 10% annu al interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C. $300,000 D. $210,000 ————————————————- 3) Hilton Company issued a four-year interest-bearing note payable for $300,000 on January 1, 2011. Each January the company is required to pay $75,000 on the note. How will this note be reported on the December 31, 2012 balance sheet? A. Long-term  debt, $300,000. B. Long-term debt, $225,000. C. Long-term debt, $150,000; Long-term debt due within one year, $75,000. D. Long-term debt, $225,000; Long-term debt due within one year, $75,000. ————————————————- 24) A corporation issued $600,000, 10%, 5-year bonds on January 1, 2011 for 648,666, which reflects an effective-interest rate of 8%.Interest is pai d semiannually on January 1 and July 1. If the corporation uses the effective-interest method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1, 2011, is A. $30,000 B. $24,000 C. $32,434 D. $25,946 ————————————————- 25) When the effective-interest method of bond discount amortization is used A. the applicable  interest rate  used to compute interest expense is the prevailing market interest rate on the date of each interest payment date B. the carrying value of the bonds will decrease each period C. nterest expense will not be a constant dollar amount over the life of the bond D. interest paid to bondholders will be a function of the effective-interest rate on the date the bonds were issued ————————————————- 26) I f a corporation has only one class of stock, it is referred to as A. classless stock B. preferred stock C. solitary stock D. common stock ————————————————- 27) Capital stock to which the charter has assigned a value per share is called A. par value stock B. no-par value stock C. stated value stockD. assigned value stock ————————————————- 28) ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2011. What is the annual dividend on the preferred stock? A. $50 per share B. $5,000 in total C. $500 in total D. $. 50 per share ————————————————- 29) Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2011.There were no dividends declared in 2010. The board of directors declares and pays a $45,000 dividend in 2011. What is the amount of dividends received by the common stockholders in 2011? A. $0 B. $25,000 C. $45,000 D. $20,000 ————————————————- 30) When the selling price of treasury stock is greater than its cost, the company credits the difference to A. Gain on Sale of Treasury Stock B. Paid-in Capital from Treasury Stock C. Paid-in Capital in Excess of Par Value D. Treasury Stock

“Logical Design, Part 1” Essay - 1428 Words

In this assignment, I will write a two to three page paper titled â€Å"Logical Design, Part 1† whereas I am a recently hired consultant for ACME Global Consulting to procure requirements for a large database. In this scenario, â€Å"Logical Design, Part 1†, I will develop a database management systems to convince a set of clients of the benefits of using the Entity–Relationship model (E-R) in developing a database. In addition, my management would like the following points addressed in my design: (1). List the advantages of a relational model specific to ACME Global Consulting. (2). Summarize the purpose of an Entity–Relationship Model (E-R) specific to ACME Global Consulting. (3). List and describe essential components of the model such as†¦show more content†¦Next, I will address the advantages of a relational model specific to ACME Global Consulting. Since Acme Global Consulting is a leader in providing software development solutions to other companies, they need to have an in-depth knowledge of their clients functional and data needs. Therefore, a relational model can provide great benefits such as: (1). Conceptual simplicity: the model is very simple and helps to simplify data needs of their clients, (2). Design implementation: the model will help the company to achieve structural and data independence i.e. any changes if made to structure of data will not affect accessibil ity of data, and (3) Ad hoc capability of query implementation: relational model provides a very easy and flexible way of data implementation and manipulation. In addition, a relational model helps to organize data in form of tables. A relational model is composed of three main components: (1), a set of domains and sets that represents data structure, (2). Integrity rules, which ensures data protection, and (3). 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Social Networking, E Commerce, Information Systems, It...

The purpose of this report is to understand the following topics which are Social networking, E commerce, information systems, IT risk management and how they have influenced the modern day business organizations in terms of Promoting their business through social networks, how important to have a risk management plan in an organization, and how Ecommerce has become essential part of the business, also The value of information system is for the people of the modern world. Introduction Social Networks:- What are social networks? Social networking is a plat form, online service or a website which focuses on connecting people who shares common interests and ideas. For an example people who shares common interests, activities back grounds etc. And further the social networks has made much easier to keep in touch with your loved once around the globe. Geocities is rated as the very first social network to launch in the internet in 1994. Since then social networking sites such as Facebook, Instagram, Tumbler, tweeter has become more popular around the world. (Forbes, 2012) Why are social networks important to modern business? Social networks have become an essential part of a business in this modern world today. It help the organizations to network, interact with customers and team members and also to promote the business. (Able.com, 2013) E-Commerce:- What is Ecommerce? E-commerce is a commercial transaction that involves transfer of information across the internet. ItShow MoreRelatedEssay on Final Project2965 Words   |  12 PagesApplications and Social Networking Graded Assignments: Project Project Project Title Transforming to an E-Business Model Purpose This project provides you an opportunity to assume a specific role in a business situation. You then apply the competencies gained in this course to develop a solution for a business problem related to an organization’s transformation to an e-business model. 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Case Study-General Mills Inc. - 3110 Words

Genera2013 Case Study 1: General Mills Inc. Understanding Financial Statements Group 5 Summary This case overall probes into 3 basic financial statements of the company and management’s view as well as auditors comments on it. It teaches about how business ethics and corporate governance works. Case study encouraged us to closely probe into each statements and line items and make us understand it. Few highlighted learning’s are preparation of common-size financial statements, understanding of footnotes, eye opening fact about use of estimates in preparation of financial statement, etc. Overall it was good exercise accomplished with great team efforts. Concepts a. General Mills is one of the largest food companies in the†¦show more content†¦Boards of directors use financial statement to review and supervise the performance of management. Employees, of course, are potential users of financial statements as well. Employees can also be investors, so they need financial reports of the company to decide if it would be worthwhile to invest in the company. Also, companies pay bonuses, promote, and demote employees sometimes based on the company s net income, which is reported on the income statement. (Users of Financial Statements, ref) e. General Mills Inc. selected the independent registered public accounting firm KPMG LLP to conduct an external audit. The first letter from KPMG discusses their review of General Mills Inc. management report on the internal controls over financial reporting as of May 28, 2006. The general responsibilities of General Mills internal controls were listed, as well as the duties and the ethical standards external auditors (KPMG) are held to. The audit reviewed the processes involved with reporting accurate financial information, in addition to verifying that all information was prepared in accordance with the generally accepted accounting principles. The second letter from KPMG discusses the audit report on the consolidated financial statements and related financial statement schedule. In the same way as the first letter, KPMG briefly reiterated the responsibility of theShow MoreRelatedGeneral Mills Inc. Understanding Financial Statements Essay1733 Words   |  7 PagesIntroduction The case study General Mills Inc. - Understanding Financial Statements focuses on the most basic idea of finance analysis. This case is a brief look into the language that is used in the finance world and a start to interaction with auditors. In this case, KPMG LLP, the public accounting firm that was auditing their statements, had sent two opinion letters. The first letter was ensuring that both parties were aware that General Mills had internal control over financial reportingRead MoreAccounting Case Study on General Mills1465 Words   |  6 PagesAccounting Case Study on General Mills General Mills, Inc. Financial Accounting Case Study Module 1: A. 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Study Questions: * What management really is? * In what ways, management affects a business? * Is thereRead MoreThe Role Of Women Judges On International Courts And Tribunals962 Words   |  4 Pageslitigation practice, and a law clerk to United States Federal District Judge Gerald Bruce Lee, in the Eastern District of Virginia. She has served as a legal advisor or consultant to Latin American states in three cases before the International Court of Justice, and has advised petitioners in cases before the Inter-American Commission on Human Rights, including a news organization and relatives of victims of a 1994 terrorist bombing in Argentina. Professor Grossman is co-chair of the American SocietyRead MoreCase Question2035 Words   |  9 PagesWarren E. Buffett, 2005 Case Questions: 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.17-billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Based on the multiples for comparable regulated utilities, what is the range of possible values for PacifiCorp? What questions might you have about this range? Assess the bid forRead MoreCase Question2051 Words   |  9 PagesWarren E. Buffett, 2005 Case Questions: 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.17-billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Based on the multiples for comparable regulated utilities, what is the range of possible values for PacifiCorp? What questions might you have about this range? Assess the bid for