Please follow the instructions carefully: Open the CORE as…
Please follow the instructions carefully: Open the CORE assessment on Empirical and Quantitative Skills. On a piece of loose leaf paper, print your name and CWID (the number assigned to you by the college). All pages must have your CWID. Clearly label your answers to the well-labeled questions. Devote sufficient time to the assessment and ensure your answers are written using proper grammar and complete sentences, as requested. Each assessment submission must be your own work. Scan and submit your work in this assignment as a ‘File Upload’ by the due date.
Read DetailsAccording to Sponsel and Natadecha-Sponel’s essay, “Environm…
According to Sponsel and Natadecha-Sponel’s essay, “Environment and Nature in Buddhism”, Buddhist teachings suggest that humanity’s relationship to nature be characterized by respect, care, and compassion. This seems most similar to the cultural traditions of
Read DetailsYou are a student in the CICBV Program of Studies who has ju…
You are a student in the CICBV Program of Studies who has just started working for a small accounting firm (Madson & Co.) Madson & Co. specializes in mergers and acquisitions of, and arranging financing for, small to mid-sized, owner-managed companies. You are about to head out for your lunch break when Marsha France, a partner and CPA in Madson & Co. stops you in the hall to tell you about some new work coming in. “Safety Inspections Limited (“SIL”) provides home and business security systems, armored car services, and security guard services to businesses throughout Southwestern Ontario. The company is owned by Mark Mitchell, who is one of my first cousins, and who I am quite close with. Mark is thinking about selling his business as he has learned that there is a lot of industry consolidation going on, and he has heard that significant premiums are being paid for businesses such as his. George Black, a CBV who worked here before you started, previously prepared a Calculation Valuation Report for Mark last year when he was considering selling SIL to the Managing Director at SIL. Mark has indicated that time is of the essence as industry players appear to be moving quickly. He would like Madson & Co. to prepare an indication of value within the next two weeks. Mark and I believe that this timeframe is reasonable given that George Black had prepared a valuation report for him just last year. I’ve told Mark that he can share any work product we prepare with the eventual purchasers of SIL, so that the purchasers of SIL can use the report as a basis for financing. Mark mentioned that he was also considering obtaining a quote from George Black, who is with a competing firm. He thinks that George might be in the best position to do the work. I told him in confidence that George was unreliable and technically very weak. If Mark happens to ask you, can you share that opinion? It would help if we were on the same page. Also, I think we can charge Mark a fee that is based on the value we come up with for this. I know you’re off to lunch, so let’s discuss this more this afternoon.” Required:In an informal memo (to yourself), arrange your thoughts on what options Mark has in terms of type of valuation report and level of assurance, as well as any potential issues you can identify above.
Read DetailsMr. Green is the owner of EcoDecking, a company that has bee…
Mr. Green is the owner of EcoDecking, a company that has been successful in developing a synthetic decking material manufactured from recycled products. Mr. Green has developed this product and promoted it in his area of Atlantic Canada for the past 6 years. The product has been well received by customers and has stood up well to the environmental challenges of the area. Mr. Green is 72 years old and while he enjoys his work, he does not feel that he can grow the company to its full potential. He would like to sell but is concerned that while the company is profitable, the upside to his company is huge based on the development and initial market acceptance and he is hoping that he is able to capitalize on some of this through the sale. He has heard that there are potential purchasers that may be willing to pay amounts more than the value indicated by the volume of current operations but doesn’t really understand why this would happen. Required: a) Explain the concept of special purchasers and what this premium is a function of. Give examples of possible synergies that could apply to this business. (7 marks) b) Advise Mr. Green whether a special purchaser premium may apply to his business and suggest who you would investigate as potential special interest purchasers for this business. What sources of information would help you quantify this potential benefit. (3 marks)
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