John Greenbaum, CPA, provides bookkeeping services to Santa Fe Products Co., an issuer. He also is a director of Santa Fe and performs limited auditing procedures in connection with his preparation of Santa Fe’s financial statements. Greenbaum’s report accompanying these financial statements should include a:A. Qualified opinion because of lack of independence together with such assurance as the limited auditing procedures can provide. B. Detailed description of the limited auditing procedures performed. C. Complete description of the relationships with Santa Fe that imperil Greenbaum’s independence. D. Disclaimer of opinion and each page of the financial statements should be marked as unaudited.

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

How many months does the federal budget usually take to prepare