Prophet company signed a long-term purchase contract to buy timber from the u. s. forest service at $300 per thousand board feet. under these terms, prophet must cut and pay $6,000,000 for this timber during the next year. currently, the market value is $250 per thousand board feet. at this rate, the market price is $5,000,000. jerry herman, the controller, wants to recognize the loss in value on the year-end financial statements, but the financial vice president, billie hands, argues that the loss is temporary and should be ignored. herman notes that market value has remained near $250 for many months, and he sees no sign of significant change.

a. what are the ethical issues, if any?
b. is any particular stakeholder harmed by the financial vice president's decision?
c. what should the controller do?

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points