Finance Papers

  • Dow Jones Index (Dji) Not A Good Measure Of The Us Economy

    758 words, 4 pages

    UGBA10 The Dow Jones Index (DJI) is a powerful tool that serves as an indicator of the state of the US Economy. This correlation can be made if the performance of the DJI is compared to that of the US GDP. This is supported by the fact that the growth rates between 2010 and 2011 for both measures were very similar. The growth of the US GDP was 3.3% while the growth of the Dow Jones was 5.5% (1,2). Although the Dow Jones serves as an effective measure of the US Economy with its direct correlation to GDP fluctuation, it does not incorporate a good selection of repre

    View Document »

    Harnischfeger Corporation

    364 words, 2 pages

    Accounting policy changes that Harnischfeger had made during 1984 and the effect of these on the company’s 1984 reported profits 1) From Financial Note 2, we know that, in 1984, the corporation had computed depreciation expenses on plants, machinery and equipment using straight-line method for financial reporting purpose. Prior to 1984, the corporation used principally accelerated methods for its U.S operating plants. The cumulative effect of this change, which was applied retroactively to all assets previously subjected to accelerated depreciation, increased net income for 1984 by $11.

    View Document »

Research help is just moments away!