...-1- Anatomy of a Credit Crisis 2009-07-24 This timeline has grown and been amended since it first appeared in the December, 2008, issue of The Australian Journal of Management, as the editorial, under the title of “The Dominoes Fall: a timeline of the squeeze and crunch”. I include below the December preamble. The version of mid-May, 2009, will appear as the editorial of the June 2009 issue of the AJM, under the title “Anatomy of a Credit Crisis.” I include below the June preamble, in which I assay a framework for understanding the genesis of the crisis. December, 2008: IN ITS LEADER of October 13, 2008, the Financial Times characterized the western world’s banking system as suffering “the equivalent of a cardiac arrest.” The collapse of confidence in the system means that “it is now virtually impossible for any institution to finance itself in the markets longer than overnight.” This occurred less than a month after Lehman Brothers (LB) collapsed, without bailout. Six months earlier Bear Stearns (BS) had been bailed out after JP Morgan Chase (JPM Chase) had bought it for $10 a share, at the regulator’s urging. After LB fell, who would be next? And if LB, who was not at risk? Despite the earlier U.S. government bailouts of the erstwhile government mortgage originators (and still seen as government-sponsored enterprises, or GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), and the later bailout of the...
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...Accounting Demystified This page intentionally left blank Accounting Demystified Jeffry R. Haber, Ph.D., CPA American Management Association New York • Atlanta • Brussels • Chicago • Mexico City • San Francisco Shanghai • Tokyo • Toronto • Washington, D.C. Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Tel.: 212-903-8316. Fax: 212-903-8083. Web site: www.amacombooks.org This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Library of Congress Cataloging-in-Publication Data Haber, Jeffry R., 1960– Accounting demystified / Jeffry R. Haber. p. cm. ISBN 0-8144-0790-0 1. Accounting. I. Title. HF5635.H112 2004 657—dc22 2003017265 2004 Jeffry R. Haber All rights reserved. Printed in the United States of America. This publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written...
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...EXERCISES 1. Rockwell Paper Company had earnings after taxes of $580,000 in the year 2003 with 400,000 shares of stock outstanding. On January 1, 2004 the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent. a. Compute earnings per share for the year 2003. b. Compute earnings per share for the year 2004. ................................................................................................................................................................................................ ................................................................................................................................................................................................ ................................................................................................................................................................................................ ................................................................................................................................................................................................ ................................................................................................................................................................................................ .............................................................................................
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...2012-2013 – Nottingham University Business School Slide 4 • The word “Project” is frequently used N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 5 • The word “Project” is frequently used N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 6 What is a Project? – Definitions • A temporary endeavor undertaken to create a unique product or service (US Project Management Institute) • Unique process, consisting of a set of coordinated and controlled activities with start and finish dates, undertaken to achieve an objective conforming to specific requirements, including the constraints of time, cost and resource (BS 6079) N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 7 Projects – Huge variation in size and type • Construction / engineering / defence • Information systems • Product development /...
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...verbal and written * Goal-oriented and ability to handle multiple tasks * Ability to type 80 words per minute accurately * Possess excellent phone etiquette and interpersonal skills * Possess strong analytical skills and performs tasks in given time TECHNICAL SKILLS: * Knowledge of basic operating systems such as Microsoft Outlook and Microsoft Office * Familiar with software operating systems such as Vista and Windows XP EDUCATIONAL QUALIFICATIONS Enterprise, Business and Technology Diploma in Business and Technology, June 2002; G.P.A 3.9 Keller Graduate School of Management MA Business Administration, 2009; G.P.A 3.0 Anticipated completion date, June 2011 Hunter College, City University of New York BS English, 2008; G.P.A 2.5 Concentration, English PROFESSIONAL EXPERIENCE EXAMINER, NEW YORK (January 2011-Present) * Write various articles for the Examiner website. NEW YORK BOARD OF ELECTIONS, New York, NY (November, 2010) * Oversaw registration for new voters and directed them to the polls. CONGRESSMAN EDOLPHUS TOWNS OFFICE, Brooklyn, NY (June 2010-August 2010) * Filed paperwork and answered phone calls for the staff in the office * Stuffed envelopes and did mailing as well * Assisted the staff with various paperwork HUNTER COLLEGE, New York, NY (August 2007 – June 2009) College Assistant, PCS (Public Computing Services) * Patrolled eight of the main labs and ensured students used the...
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...September 12, 2015 MBA620: Accounting for Decision Makers Summary of the major capital investments made by PepsiCo and The Coca Cola Company In 2014, purchases of investments for The Coca Cola Company were $17,800 million and proceeds from disposals of investments were $12,986 million. This activity resulted in a net cash outflow of $4,814 million during 2014. The purchases during the year ended December 31, 2014 include The Coca Cola Company investment in Keurig, partially offset by the net purchases and proceeds of our short-term investments, that were made as part of the Company’s overall cash management strategy. In 2014, the Company’s acquisitions of businesses, equity method investments and nonmarketable securities totaled $389 million, which primarily included a joint investment with one of our bottling partners in a dairy company in Ecuador. None of the Company’s other acquisitions or investments were individually significant. (The Coca Cola Company, 2015) The Coca Cola Company purchases of property, plant and equipment net of disposals for the years ended December 31, 2014 is 2,406 million. In 2014, other investing activities were primarily related to loans to Fairlife, LLC, a value-added dairy joint venture, as well as local investments in Argentina. (The Coca Cola Company, 2015) To meet this growing demand, PepsiCo plans to continue to grow their portfolio of more nutritious products as well as to reduce added sugar, sodium and saturated fat in certain key...
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...Assignment 3: Calculating Inventory Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted direct-labor cost is the company's practical capacity, in terms of direct-labor hours multiplied by the budgeted direct-labor rate.) Budgeted totals for 2002 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000, respectively. Actual results for the year are as follows: Actual Results | Direct Materials Used | $5,600,000.00 | Direct Labor | $4,350,000.00 | Indirect Material Used | $65,000.00 | Indirect Labor | $2,860,000.00 | Factory Depreciation | $1,740,000.00 | Factory Insurance | $59,000.00 | Factory Utilities | $830,000.00 | Selling and Administrative Expenses | $2,160,000.00 | Total | $17,664,000.00 | Job no. 2077 was completed in January 2002, and there was no work in process at year-end. All jobs produced during 2002 were sold with the exception of Job no. 2143, which contained direct-material costs of $156,000 and direct-labor charges of $85,000. The company charges any under- or over-applied overhead to the cost of goods sold category. Using the above information, do the following: * Calculate the company’s...
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...13 Agent-Oriented Novel Quantum Key Distribution Protocol for the Security in Wireless Network Xu Huang, Shirantha Wijesekera and Dharmendra Sharma University of Canberra Australia 1. Introduction Wireless security is becoming increasingly important as wireless applications and systems are widely adopted. Numerous organizations have already installed or are busy in installing “wireless local area networks” (WLANs). These networks, based on the IEEE 802.11 standard, are very easy to deploy and inexpensive. Wi-Fi allows LANs to be deployed without cabling for client devices, typically reducing the costs of network deployment and expansion. As of 2007 wireless network adapters are built into most modern laptops. The price of chipsets for Wi-Fi continues to drop, making it an economical networking option included in ever more devices. Wi-Fi has become widespread in corporate infrastructures, which also helps with the deployment of RFID technology that can piggyback on Wi-Fi. WiFi is a global set of standards, unlike mobile telephones, any standard Wi-Fi device will work anywhere in the world. Other important trends in wireless adoptions are including the introduction of wireless email with devices such as the Blackberry and The Palm VII, rampant digital cell phone use, including the use of short message service (SMWS), and the advent of Bluetooth devices. But the risks associated with the adoption of wireless networking are only now coming to light. A number of impressive attacks...
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...University of Abertay Dundee Guide to Harvard Referencing 2009 Introduction ........................................................................................................... 4 What is Harvard referencing? .............................................................................. 4 What is the difference between a bibliography and a list of references? ........ 5 What is a bibliography? .................................................................................... 5 What is the reference list? ................................................................................ 5 Citing references in-text ....................................................................................... 6 How do I cite references in-text? ..................................................................... 6 General advice on in-text citation .................................................................... 6 Quoting directly from the book, journal or website ....................................... 7 Paraphrasing (rewriting what has been said in the book, journal or website) .............................................................................................................. 7 General advice on the reference list (and bibliography) ................................... 8 Referencing books ................................................................................................ 9 What information do I need to include? ................................
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...ADMISSION PROSPECTUS 2012 UNIVERSITY OFFICIALS Prof. Dr. Pirzada Qasim Raza Siddiqui Vice Chancellor Prof. Dr. Shahana Urooj Kazmi Pro-Vice Chancellor Prof. Dr. Nasiruddin Khan Pro-Vice Chancellor 99261336 99261300 Ext: 2210 vc@uok.edu.pk 99261396 99261300 Ext: 2531 shahanaurooj@uok.edu.pk 99261340 99261300 Ext: 2532 drnasirkhan@uok.edu.pk DEANS OF FACULTIES Prof. Dr. AbuzarWajidi Faculty of Management & Administrative Sciences Prof. Dr. ZafarIqbal Faculty of Arts Prof. Dr. Darakhshan J. Haleem Dean Faculty of Science Prof. Dr. Ghazala H. Rizwani Faculty of Pharmacy Prof. Dr. HisamuddinMansoori Faculty of Islamic Studies Prof. Dr. S. M. Abbas Faculty of Medicine Prof. Khursheed A. Hashmi Faculty of Law Prof. Dr. Darakhshan J. Haleem – Dean Faculty of Science (Caretaker) Faculty of Engineering Prof. Dr. ZafarIqbal – Dean Faculty of Arts (Caretaker)Faculty of Education University of Karachi Page 3 ADMISSION PROSPECTUS STUDENTS’ STUDENTS’ AFFAIRS o look after students affairs, in general, and to supervise their extra-curricular activities in particular, an office of Advisor Students’ Affairs is situated at the first floor of the Administration block. Teachers and the staff are available for the students’ guidance. 2012 M.Phil./Ph.D theses to students of various departments of the University. LEJ Digital Library is also available at the campus that can be used by all the students to access a large number of books or journals on-line. T Transport: Over...
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...Chapter 1: Statement of the Problem & Review of Related Literature INTRODUCTION The Bachelor of Science in Accounting Technology (BSAT) is a program that prepares students for a career in the accounting and finance divisions of organizations in the private and public sectors. The accounting courses in the program, combined with business management courses, equip students with the needed skills, proficiency, and intellectual abilities to lead successful careers. But, unlike Accountancy, BSAT is a non-board course. However, the graduates of the said program can take the Certified Accounting Technician (CAT) Examination for license. This study aims to determine the reasons and causes why BSA students end up getting BSAT degree instead of Accountancy degree. We, researchers, will investigate on the factors affecting the students focus in studying. We will be conducting survey in the form of questionnaires and interviews with 3rd year and 4th year BSAT students of Araullo University – Phinma Education Network. There are many factors that affect a BSA student to fail: his abilities, his interest in the course, the teaching method, the classroom, lack of personal direction, pressure from parents or peers, laziness, lack of confidence, family or relationship problems. Another factor that is going to be stressed out in our study is the retention policy being imposed in the accountancy program. It will be explained here how this policy affect each and every BSA student; what...
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...Interpreting Financial Results The particular paper interprets the financial outcomes with respect to the statements given. The Company holding is MetLife, Inc., which provides insurance, benefiting programs for the employees and annuities that serves 90 million of their customers across 50 countries. From its subsidiary and affiliation, MetLife is been operating in the United States, Latin America, Japan, Asia Pacific, Europe and the Middle East. It is segmented in six parts: Products of Insurance, Products for Retirement, Funding for Benefiting the Corporate and Auto & Home. The statements given below would share the company’s state. (MetLife, Inc. (MET), 2014). The financial state according to the statements provided A balance sheet is utilized for summarizing the company's liabilities, assets, and impartiality of the shareholders' at specific time duration. The balance sheet displays a company’s overall financial stability with its market value and also the investment carried on by the shareholders to the investors. It is vital for reviewing a company’s ability for coping up issues for the investors as it shows its strategic planning for its short- term financial survival. MetLife Inc operates directly in the industry of life insurance carriers. MetLife Inc’s net varying cash flows in the quarterly ending period of March 31, 2014 are $988 Million. This positivity in cash flow is indicating that MetLife Inc generates sufficient cash for funding all of...
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...Asian Journal of Management Cases http://ajc.sagepub.com/ The Employee Strike at University of Health Sciences, Lahore−Punjab Zafar I. Qureshi and Hassan Mahmood Asian Journal of Management Cases 2012 9: 127 DOI: 10.1177/0972820112454241 The online version of this article can be found at: http://ajc.sagepub.com/content/9/2/127 Published by: http://www.sagepublications.com Additional services and information for Asian Journal of Management Cases can be found at: Email Alerts: http://ajc.sagepub.com/cgi/alerts Subscriptions: http://ajc.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav >> Version of Record - Sep 25, 2012 What is This? Downloaded from ajc.sagepub.com at LAHORE UNIVERSITY OF MGMT SCI on October 12, 2012 Case Editor’s Introduction 127 Asian Journal of Management Cases 9(2) 127–140 © 2012 Lahore University of Management Sciences SAGE Publications Los Angeles, London, New Delhi, Singapore, Washington DC DOI: 10.1177/0972820112454241 http://ajc.sagepub.com The Employee Strike at University of Health Sciences, Lahore–Punjab Zafar I. Qureshi Hassan Mahmood Abstract This case traces the series of events that led to the crippling employee strike faced by the University of Health Sciences in 2009–2010. Instigated by a somewhat ambiguously worded directive from the Punjab Government (under whose aegis the UHS functions) regarding the regularization of...
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...In 1901 Baltimore was graced with a magnificent tower that loomed not only over the city but also across the Eastern Shore. A blue light emitted from 288 ft. in the air, the light source, was blue bottle with the words BROMO-SELTZER inscribed on it (Figure 1). In a town that had nothing going for it except for perhaps the Orioles, this structure was something to marvel at. There is a lot of history behind that historical and humongous clock in downtown Baltimore. The Bromo-Seltzer Tower Building has been a landmark in Baltimore since the early part of this century. This paper is meant to examine the effect that the Emerson Bromo-Seltzer Tower had on Baltimore and the reason why it is still standing today. By the 1900’s Baltimore was known as the Monumental city due to vast collection of monuments erected throughout the city. Structural architectural was not a focus because Baltimore had hit its peak in the Revolutionary War and been on a down hill ever since.[i] Business was not coming in as it was for other cities in the west and north. Great migrations left Baltimore in a standstill economically it was neither failing nor progressing. The area of Lombard Street was a suburb, serving as a residential area. “Captian” Issac Emerson wasn’t born into the city but rather the opposite; he was raised in spacious Chatham County, N.C. In 1879 he worked out and patented what would become the reason for his success. Emmerson created a simple tablet one can take in the morning after a...
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...Professional Development of Nursing Professionals Professional Development of Nursing Professionals Erica L. Carroll Grand Canyon University: NRS-430V Professional Dynamics December 13, 2015 Professional Development of Nursing Professionals The 2010 Institute of Medicine (IOM) report “The Future of Nursing: Leading Change, Advancing Health” asks “What roles can nursing assume to address the increasing demand for safe, high-quality, and effective health care services?” (IOM, 2010, p. xi, par 2). This paper will address three major categories that are impacted by the IOM report: education, practice, and leadership. Impact on Nursing Education According to the IOM report nursing education should include change management, quality improvement, and care management, as well as stressing the importance of lifelong learning and continuing education (IOM, 2010). To this end, the IOM is in favor of an all Bachelors of Science in Nursing (BSN) work force (IOM, 2010). The IOM isn’t alone, one survey showed 76% of physicians surveyed felt BSNs were more competent that Associate Degree in Nursing (ADN) (Institute of Medicine, 2010, p. 171, par 1). The American Association of Colleges of Nursing (AACN) also supports the need for BSN trained nurses. They state the BSN trained nurse is better-rounded, has more advanced critical thinking skills, and are more ready to step into an entry level leadership role than their ADN counterparts (AACN, 2012). One study shows hospitals would...
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