The text “The Agency Problem” gives a great example of the agency problem by comparing it to the relationship between our country’s president and its citizens. In this case, the citizens are the principle and the president is the agent because the objectives and policies that the president pursues will ultimately effect the citizens of the country.
The requirements of each profession are usually clearly defined in the laws regulating the relevant sector. In accounting, a similar practice has been used. Accounting profession, like all professions, is based on a series of ethical rules and standards set both by the law and the national organization related to the specific field (Solita and Fajardo 2008, p.2).
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The reason why the two companies were chosen for comparison is because they are the market leaders or giants in their respective home regions, whereby they have diversified range of products, as well as having intense global expansion. Both companies have substantially expanded beyond their mother countries’ borders are very big brands worldwide (MacLaurin, 2002, p.72).
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The system of government today is a republic with a multiparty political system and periodical democratic elections. The country’s official language is Portuguese. Brazil is the largest country in Latin America with over 80% of the population been urban.
As a result, it is useful to cultivate many techniques in communication. Communication is highly psychological in nature due to the fact it requires being able to read a person as well as assess the condition in regards to the responses that they respond.
Majority of the African-Americans that are now in the United States are descendants from slaves who were either kidnapped or sold to foreigners or were captured as prisoners of war by Europeans and Americans during the early part of the 17th Century. According to Gomez (1998), the first African-Americans came to the country in 1619 when they were brought to Jamestown, Virginia as slaves to the English settlers.
How to Get More Young People in the UK Involved in Politics? Dear Sir I have been reading your newspaper for quite some time and am highly impressed by the coverage of news and the analysis of current topics which are of interest to our generation. With this letter, I would like to share with the fellow readers of your newspapers my concern about the current stats of affairs of politics in UK and disinterest of youngsters in choosing politics as a profession or involvement.
Events, big or small, are now virtually recorded. It is due to this demand that people now go to professionals to design and execute their events. It is this demand that has led to the springing up of so many companies specializing in Event Conceptualizing and Execution, right from designing the layout of the event venue, to arranging for the decor and meeting any other whim the client might have, to actually ensuring the smooth flow of the event on the D-day, everything can be done for a price.
The chances of this happening are therefore minimized if the parties contracting understand the concept of what they are agreeing to, the rights, the obligations and the how to foresee potential problems. Keywords: legality, breach, obligations, duties Business Law Introduction Contract law is one of the major and most common branches of every day law.
Urban Nomadism - Tecno Nomadism - Neo Nomadism
The technological advancement in this most modern era evidently laid a way for the reincarnation of neo nomadism. This reappearance of nomadic culture is mainly due to the progression of effective communication, information as well as transportation systems across the globe.
The manner in which the company solved the problem was to ask employees what information they needed and to communicate only that information to them (Teerlink and Ozley, 2000:195), so that they could ensure that everyone – managers and employees included – were all working towards one common goal/objective.
ATF operates in a very top-down hierarchy where controls and communications move downward from executive and high-level management to low-level subordinates and mid-tier management. There is very little in terms of autonomous working conditions at the bank, thus there are motivational problems with some of the employee populations and job dissatisfaction.
In essence, dividend yield and PER of value stocks is better than growth stocks because of their high market price which declines dividend yields and worsens the price earnings ratio. Their findings revealed that CAPM model is inadequate in explaining stock prices fluctuations because it is concerned with only one element of risk i-e beta.
Rattan Furniture Division was established four years ago. For the last three years, the company claims to have an annual sales growth rate of 35% and the sales were $60 million last year. The three main product lines they have are a living & dining room, bedroom line and outdoor patio line.
The methodology provides a description about four short term finance sources availed by the businesses. Each one is separately described. Subsequent to that, the liquidity and efficiency ratios of Sainsbury and Tesco have been computed and compared. Four different sources of short term finance Short term finances fulfil the day-to-day operations of business.
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Its retail operations are in California, Washington, Oregon, Arizona, and Chicago among other. Safeway also have its operation in Canada. In addition, it has an extensive network of distribution, manufacturing, and processing facilities (Safeway Inc. Annual Report 2011, n.d, p.43).
can be supposed to be the attributing factors towards the development of financial innovation. Innovations are mainly done to achieve the basic objectives of financial systems like facilitating the required payment instruments, increased savings, reduction in costs, etc.
Every year, new companies are joining the money markets and in to the private equity business; hence this is making the private equity markets become a lucrative source of income for several people and organizations. Private equity firms look for companies that are facing closure due to financial crisis and then they make buyouts to these companies.
Keeping in pace with the globalization, the company is planning to expand its business to other frontiers. As per the audited financial statement of the company for the financial year 2010, the company employs more than 176,000 and has its operations expanded to more than 41 countries in the world.
Generally, organizations make their investment decisions on the basis of the returns expected from those investments (Jaffe & et al, 2004, p. 167). There are number of methods that are widely used by companies to evaluate their available investments options.
The crisis started in 2006 when the real estate market suddenly grew. Banks were looking for more profit and they decided to give mortgages even to low income groups and when the interest rates rose later, the same families were in trouble because the homes they had previously received were repossessed as the interest rate could not be paid by them.
Some of the disasters occur because of human error while others occur due to unpreventable natural catastrophes. Disasters due to human faults caused by inadvertently ignited fires, environmental pollution and outbreak of diseases due to negligence and poor hygiene are often devastating but avoidable.
As such, a budget is tied to business goals and objectives, current and expected financial capability, and management strategies. In a business environment where there are uncertainties, budgeting is a means of managing risks. Issues in budgeting arise from the influence and confluence of internal and external factors that create anticipated and unanticipated risks.
Financially, a policy focuses on spending priorities at national or at organizational levels. This essay therefore seeks to discuss how government policy decisions influence financial management which in this context includes both positive and negative effects and also aims to seek to offer remedies where deemed possible (Bonini & Voloshyna, 2013).
FSAs Role towards the Collapse of Global Financial Services Industry Introduction The collapse of the global financial services industry in 2007 is also known as global financial crisis. By mid 2007, the financial disorder with its rigorous liquidity and credit crunch seemed to detain to financial markets and institutions.
Hallo Money and its impact on the on the accounting workplace Name Institution NAME OF YOUR FIELD OR DISCIPLINE: ACCOUNTING 1. Describe the workplace change issue you chose that will affect (or is just now affecting) the way professionals in your field or discipline do their jobs.
There are two types of dividend payment modes. These are cash dividend and stock dividend. In case of cash dividend the shareholders receive dividend cheque from the companies of which they hold the shares.
Costing Approach Per unit Amount Sales Units 25,000 Sales 100 2,500,000 Variable Cost 62 (1,550,000) Contribution Margin 950,000 Fixed Cost (600,000) Net Income 350,000 Production Cost per unit under both approaches Production Cost Per Unit Absorption Costing Approach 1st Quarter Total Production Cost 1,800,000 Total Production Units 25,000 Production Cost Per Unit 72 2nd Quarter Total Production Cost 3,600,000 Total Production Units 50,000 Production Cost Per Unit 72 Production Cost Per Unit Contribution Margin Costing approach 1st Quarter Total Production Cost 1,550,000 Total Production Units 25,000 Production Cost Per Unit 62 2nd Quarter Tot
According to the paper operational dynamics in the market determines efficiency and cost and are therefore fundamental to stakeholders’ knowledge. This paper offers analysis to the market with focus on prices and market dynamics and offers expertise opinion over the market.
Findings: Share prices are positively influenced by earnings per share and dividends per share while negatively influenced by dividend yield and dividend payout. Price earnings ratio does not affect share prices. The model accounts for 78.9% of the variance in share prices of listed firms on the Hong Kong Stock Exchange.
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Finally, the essay will explore companies that can effectively use the two systems based on the analysis of the differences between the two costing approaches. To begin with, before assigning costs to products and services, it is always necessary to accumulate the costs involved in the operation.
This essay will outline organizational design, leadership skills and managerial task of Home Depot. Home Depot is one of the leading American Retailer that provides home construction and improvement and products and services. This part of the essay will discuss about the organizational design tools of Home Depot.
98). In order to make a decision on whether to lease or buy, the advantages of leasing or buying must be analyzed. In addition, the disadvantages of leasing and buying can be evaluated. For new companies, short-term leasing and purchase of cars can solve the problem because it will lead to increase in the company’s assets rather than liabilities (Parker, 2005, p.
The accounts receivable for Elite has dropped by $7 million as compared to last. The only reason that could explain the reduction of accounts receivable is the decline in sales figures of the company. It has been identified that the reduction in revenues by 24% led to the decline in accounts receivables by 10.4% in 2003 as compared to 2002.
As for the term financial service, Smith et al. (2012) stated that a person or an institution provides financial services if it deals in financial products, provide advices pertaining to financial products, sell and market financial products, and provide depository or custodial services.
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There is consensus however that China suffered the worst stock bubble in 2007; and this is the stock market crash that this paper will focus on. INTRODUCTION Following a five year period in which China’s Shanghai Stock Exchange (SSE) Composite Index did not do well, the Index saw a dramatic rise - over 130% - in 2006 and 2007 (Tucker & Dyer).
Whenever a project is undertaken, an entity is open to number of potential risks. These risks may lead to such events that would prevent the project from processing as planned. However, they might not be evident at the time when decisions for the investment is taken and if they are not identified in advance company would have to bear costs and financial loss (HENRIK, 2007).
The effect of the U.S. Subprime Crisis to the China commercial banks in 2008-2013.
The sub-prime mortgage crisis that originated in the United States of America basically started from August 2007 and had transformed the financial markets around the world.
During the analysis of the lessee’s financial position, it is evident that many users tend to want to capitalize operating leases through adjustments made to the reported financial information. The funny bit about such adjustments is that they can be based on the annual expenses of operating leases.
According to the research findings in the midst of the growing global economic crisis, Islamic banking and finance has proved to be with stand the crisis because it is here with a good cause that is to solve the credit crisis. The Islamic finance value is estimated to enjoy a phenomenal growth, with a global estimate value of approximately 1 trillion.
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This is the fact which traders often give importance to, as they think that event studies have partial role in bringing abnormal returns on regular or periodic investments (Getz, 2012). There is a time when events are fabricated to flourish, which is to secure firm value expected on a certain point of time.
Much data from other studies also showed that guidelines that have been printed on paper reduced the risks of breaking ethical norms in the workplace. There have been many legislative laws passed to punish and/or prevent deviance from computer ethics in the workplace.
However, nobody has any idea about what is happening to our soul after our death. In philosophy, the word dualism is used to represent the differences between body mind and soul. In other words, it is an accepted fact that body, mind and soul are entirely independent things.
Although the definition remains a little fuzzy, it generally also applies to individuals who have been able to win a sort of moral victory, ensuring his/her memory is retained in the community mind. Aristotelian thought indicates “the tragic effect will be stronger if the hero is ‘better than we are’, in that he is of higher than ordinary moral worth.
While cataclysmic events on earth have pruned the tree of life, extinction also opens the door to diversity, carving out room for new species to emerge and thrive. This explores us to understand about the five mass extinctions that have occurred over the life of the planet and also helps us to understand the history of life on earth.
Apache was only interested in fields containing approximately 78% of MW’s proved developed reserves and 75% of the Proved undeveloped reserves. These account for approximately $120 million of the difference.
Partial difference equations can be solved using either Finite difference methods or Finite element methods. Both these methods make use of a discrete mesh and the values are calculated at the mesh points by iteration using known values. This paper discusses an alternative method which is meshless and is based on Radial Basis functions(RBF’s).It discusses the results obtained after using different sets of RBF’s namely ThinPlateSpline(TPS),Multiquadric(MQ),Cubic and Gaussian 2 Black-Scholes equation A derivative is a financial instrument whose value is derived from one or more underlying commodities.
Furthermore, they also believe that those measureable properties and the instruments used by the researcher are independent of the researcher that implies that there is no subjectivity (Phillimore & Goodson, pp. 209-211, 2004; Creswell, pp. 235-236, 2009).
Therefore for every company employee performance is utmost important. The level of motivation defines the performance of the employee which can be achieved for fulfilling the targets of the company. Therefore the motivational factors are often kept in mind by the management accountants while preparing the budgets.