The nature of the relationship and its dynamic shall be explored and explained for each of the four stock pairs. These stock pairs are 1) VVUS and ARNA; 2) TRP and ENB; 3)PGLC and CRGC; and 4) ZNGA and Facebook. II. Stock Pairs 1. VVUS and ARNA On the surface, an FDA panel recommendation asking both Vivus (VVUS) and Arena (ARNA) to to either come up with new clinical trials to determine the impact of their respective anti-obesity drugs on heart attacks prior to drug approval, or else to look at existing data on human trials done prior to approval, seems negative as far as the companies' prospects are concerned.
One of the early theories of modern finance is the hypothesis of efficient markets. The efficient markets hypothesis tells that prices fully reflect information available to market participants. From the microstructure point of view, these participants are either hedgers or speculators.
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d reducing costs. In this paper, a look at how Woolworth has embedded sustainability into its day to day business practices, the main drivers and the targeted stakeholders is analysed in details. Integrated reporting is the current reporting standard where the sustainability strategy and activities are connected to financial reporting.
Cost accounting, the branch of accounting that is charged with the determination of costs and analysis of different cost elements is therefore used in achieving this objective. Moreover, organizations have to develop plans that act as guidelines and benchmarks of reviewing performance.
I also confirm that I have a record of this candidate’s progress tutorial/s. Tutor Signature: Date: Explanation of the scenario The restaurant which is under discussion will be located in the market place which can easily be approached from the airports and transport and railway stations.
Between the years 1987 and 2002, the number of Americans suffering from obesity doubled while the cost of treating diseases associated with obesity almost tripled. In an attempt to curb the menace, individuals and companies have rushed to cash in on the possible $2 billion dollar industry.
The president of the company Shelly Couts, in fact, inherited the company around 70 years ago when the main stream business of the company was to repair the radio and allied items. Smart phones have been the revenue generating resource of the Conch Republic’s business in the past few years.
In order to create portfolio, my most important priority has been to select four stocks after analyzing the risks and return of each of the stock. This would allow me to diversify the portfolio and make sure that the portfolio the risk is minimized and returns are maximized.
These policies focus on creating principles of accounting for corporate use, setting rules and regulations for accountants (BERNEY, 1984, p.46). The main objective behind the study of systems of accounting in accordance to accounting policy is to identify the reasons and the process that are involved while accounting systems are created in various nations.
Once a management function is administered in an organization it remains permanent since it increases the firm’s efficiency in all ways. In the modern world, management is present in approximately 90% of the firms currently in operation. Management has a life on its own in the firm since it grows with time through key improvements and updates in the firm (Earl, Garrison & Noreen, 2012, p.
To finance its operations, the government need to collect revenue through taxation (Grau, 2003). It has however been realized that there exist some concepts surrounding tax imposition and collection that tend to make it difficult to effectively collect the taxes.
It can be argued that the entire idea of separation between train operations and track operations was a fundamental misconception. Unlike road or air transport infrastructure, operational considerations, and engineering are intertwined for the rail system.
Among such services is medical insurance, this is the financial protection against any medical condition that may arise in future. Medical insurance is the surest way ensuring that every citizen affords high quality medical services. For this reason, the United States of American government provides effective mechanisms of ensuring that each citizen registers to a service provider.
Adez?, 2009, p314). Performance management plays a major role in the success of a business as it is involved in the human resource framework, which brings huge benefits to a business if handled properly. Incentives in form of pay, bonuses, stock option among others can greatly boost the morale of employees and consequently increase their productivity, however, the results are not guaranteed and sometimes the relationship between performance and incentives is complex and not straightforward.
The balanced scorecard provides a clearer view regarding the ways in which the financial perspective of the operations can be balanced with the strategic plans of the organization. This study highlights on preparing the balanced scorecard for Marks and Spencer.
The 2012 financial results will then be compared with 2012 financial results of Adidas – Nike’s arch competitor around the globe. LIQUIDITY ANALYSIS The liquidity analysis measures the ability of the company to meet its short term obligations as and when they become due.
Financial assets are also known as securities. It is noted that financial market does not only provide capital/funds to the government, households and the companies only but also, they offers relevant information’s that an entrepreneur can use to start his/her own business.
It is seen that today more and more companies are outsourcing their core functions like accounting/finance, IT, HR and payroll. The idea behind outsourcing is to take more time and money for strategic management, decision making and other administrative issues (Yahya & Susela, 2011).
Each time there is a global business transaction, there is also a foreign exchange contract. One issue that is distracting this sector is the fluctuation of currency. These fluctuations affect foreign exchange, as well as also global and local business. Organisations are put to exchange dangers (Peel, 2000).
This study will use a case study from Lev Baruch’s essay in the Accounting Review Volume 54, No.3 p485-503 which is a study of the oil and gas industry’s reaction to change in accounting policy. This study aims at investigating the effects of accounting policies on market value of firms and investor decisions.
This describes the tax centric theory of dividend gains. Assuming an a priori adjustment in payouts in order to compensate for taxation differences between capital gains and dividends. While this represents conventional wisdom in many markets throughout the Western world, there are examples in Asian markets that deviate from this trend.
In the process, individuals are becoming informed while being entertained. Which is not to say that any of this is absolutely positive progress, for bloggers can spread lies and innuendo that spread like wildfire throughout the net. Witness the issue of the death panels in the health care plan – while there was no basis for these so-called death panels, rumors of them caught fire in the blogosphere, and soon even non-blogosphere people like Rush Limbaugh took the bait and ran with it.
There are several methods to determine the viscosity of a substance, the most common one being using a viscometer (Viswanath). A viscometer is a device which is used to estimate the viscosity and other flow properties of a fluid. A range of different types of viscometers are available which differ from each other based on their measurement principle and a commonly used type is a cup viscometer, which estimates the viscosity making use of the efflux time of a given substance through the cup orifice (A&D Weighing).
Risk free rate + ? (Average Market Return –Risk free rate) Where ? is the beta value of the financial asset The basic assumptions of this model pose as disadvantageous for this model to be considered as a perfect representative of required return calculation.
As a result, it felt necessary to provide some rules and advice in various areas of company management. Cadbury Report (1992) Greenbury Report (1995), Hampel Report (1998). Turnbull Report (1999) and Higgs Review (2003) were issued to address some specific corporate objectives.
Today, people can talk with each other, access information and interact regardless of where their locations are. There are few who consider this as a bane. However, the majority of people today consider this development an advantage and, often, a necessity.
Fangio Brothers Smash Repairs, which was set up in the 1950s is profitable and has a fixed source of business flowing annually. Off late the company has been witnessing some turbulence times mainly due to the increasing dominance and control exerted by the major insurance companies, as a result, it’s affecting their profitability.
Saudi Arabia is largely dependent on oil for its revenues. The presence of this very mineral is likely to attract a large amount of investment in the nation. However, in order to venture out to any particular sector, an investor normally takes into consideration the extent to which the respective stock is volatile to market fluctuations.
Along with the widely used web search engine, Google has introduced a number of other services and there are still a number of products in the pipeline yet to be introduced by Google. The company provides services like customized advertisement and web application for all sorts of tasks in so many different languages.
How many loans can the bank make? How many demand deposits can the bank create? What is the total money supply? How much of the money supply is cash? Ans: monetary base $ 24,000,000 Reserve requirement 10% Currency requirement 40% Loans (100%-10%-40%) 50% Loans the bank can make (50% of $24,000,000) $ 12,000,000 As the currency requirement of the bank is 40%, so the bank can create demand deposits upto 40% of the monetary base.
It is not always that financial metrics are applied to measure shareholders’ value. There are other non-financial measures as well as Bidgoli notes. This measure is the nonfinancial supply chain measure. A value-driven kind of supply chain is viewed by its equivalent management as a new kind of light.
The focus will narrow down and analyze these costs in the context of the EEC journal activity. II. Part II: Cost Analysis a. Variable Costs ‘Variable costs’ is an expression referring to those cost outlays which vary with varied levels of production. In other words these costs will be seen to change in a business scenario once the business varies its production levels.
Primary markets basically are new markets while secondary markets on the other hand are the resale markets. Having a clear understanding of the two markets work is very important to investors for it enables them to be aware of various securities. According to Giddy (1994),the stock exchange being a form of exchange that is intended to provide services to the stock traders and brokers who basically deal with not just stocks, but bonds and many other securities.
Expiry date and price of the exercise are highly taken into account. The year 1982 saw the initiation of exchange traded foreign exchange options. Specifically, London, Chicago and Philadelphia were the first places where currency options were traded. Futures and options basically characterized the transactions undertaken in the currency options market.
This is through diversifying and enhancing the expansion of banking and pecuniary sectors. It is the monetary and business entryway between regional, upcoming and global markets and contributes considerably to the UAE’s nation building objective. The new Amending Law does not alter the responsibility of the DIFC; rather its configuration is being enhanced to further the initial targets and clarify authority processes.
In the year 2003 there was a 9% accounted for on the GDP (Data monitor, 2003). For the past years the supermarkets in the United Kingdom have been scrutinized keenly on how they treat their supplies, specifically the ones of their own labeling, though strategic supply development networks plays a major role in integration of the strategies of supermarkets for the last ten years.
Coca Cola which is known for its innovation and best soft drinks produced by them globally is not a company which makes mistakes often. Coke had launched its Dasani bottled water in UK which resulted in a disaster for the company. Dasani which was launched in USA in 1999 as purified bottled water and experienced a huge success and so Coke launched the same product in the UK market also expecting the same success as that in USA.
This is concerning the vivid exposure of the selfish deeds that business executives participated in, in an attempt to line their pockets with more cash and leaving those in vulnerable positions to fend for themselves without any form of security or safety net to fall back on in the event of a financial mishap.
The report will evaluate wall street journal relating to oil futures contracts. Understanding every element that play a role in influencing the price changes is of great importance for any economist. Economists and players in the money market need to be prepared for future contracts that are likely to influence the price changes in any way.
is a worldwide company which sells lingerie, personal care and beauty products as well as apparel and other accessories. The company has more than 2,600 stores operating in the US. Limited Brands is also selling its products through more than 680 companies worldwide (Limited Brands Inc, 2013).
Financial intermediaries in financial markets are of essence to both the borrowers and the lenders, and therefore, their role in financial markets cannot be underestimated (Besley and Brigham 2011). In this essay, I will discuss the importance of financial intermediaries in financial markets by identifying the roles these play in financial markets, including both the positive and negative ways.
Furthermore, there are other credible tax reliefs that may reduce corporations’ tax burdens such as research and development relief. Several players make sure the completeness of the tax system in the UK such as companies, company’s professional advisers, Her Majesty’s Revenue and Customs or the Government.
Bibliography Background Compass Group plc has its headquarters in the Compass House in Chertsey, United Kingdom. It is a British multinational company offering food and other support services. It has businesses in over fifty countries operating under various brands making it the world’s largest contract company offering food services.
According to Mingus (2007), a scandal can be described as a widely publicized incident that accuses a company of wrong – doings, disgrace and moral outrage. Research scholars such as (Sivakumar, 2011), corporate scandals are reported when officials of a particular organization is accused of behaving unethically on behalf of his corporation.
The fixed cost of the company in the current period is $1,500,000. The Break-even point in sales dollars as calculated comes out as $5,000,000. The current scenario as above generates a profit of $1,380,000. The company’s overall break-even point in units as calculated is 29,166.67.
He has saved substantial amount and has approached his banker with certain financial figures. Michael and his banker both agreed on the fact that he has got enough capital to seriously contemplate investment and make his dreams come true. Michael had dreamt regarding a restaurant, with the finest features starting from the menu to the elegant atmosphere.
Generally, income is recognized as revenue when a company delivers its product or rendered service and receives payment for it. Under accounting principle of ‘revenue recognition’, revenue is recognized only under specific circumstances. According to International Accounting Standard 18: Income is defined as increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.
Both developed and developing countries have faced the severity of the consequences of this crisis. While the crisis had taken shape, economists, politicians and researchers were concerned about the causes that triggered a crisis of such a dimension. Although it was quite late and the crisis was already in full swing, researchers claim that prior signs were visible about the occurrence of the crisis.