...CHAPTER FIVE CONCLUSION, RECOMMENDATION AND SUMMARY 5.1 Introduction This chapter consists of conclusions, recommendation and summary of the chapter. 5.1 Conclusion In this project work, the researcher has attempted to establish the factors that influence dividend payout for firms listed on the London Stock Exchange and 32 firms were randomly selected covering a period of nine years (2004 – 2009). In other to reach a better understanding of the study, relevant literature reviews and some empirical research studies on dividend policy were critically examined. Six explanatory variables were chosen to be the predictor of dividend payout, which are liquidity, leverage, profitability, firm size, growth opportunities and cash flow. However, this study has confirmed that profitability and liquidity are important determinants of dividend policy in a UK firm. 5.2 Recommendation Based on the findings from the analysis, the following recommendations are made for firms: (i) Profitability in the firm must always be maintained. This is because a profitable business implies that cash would be available to distribute to the shareholders. The level of profitability must always be in focus for the firm; if it is to attain any considerable improvement in its dividend policy. (ii) The firm’s liquidity must be sustained over time. This implies that the firm’s policy must strive to maintain a relatively high ratio of current assets to current liability. This ensures a sustainable higher...
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...Elhousany Abosamra Week 3 homework Chapter (5), exercise (1): a. S = k (YZ)/P = 100(11,000 1200)/20,000 = 66,000 b. S = 100(11,000 1200)/17,500 = 75,429. Sales revenue will rise. c. Obtain time series data on S, Y, Z and P and use regression techniques to estimate k. One way to do this is to use a double log style, as in Log S = log k + log Y + log X – log P. The intercept is log k. To find the anti-log of it, use the exponential, elog k. d. Sales in period t+1 are a function of variables whose values are unknown prior to period t+1. Therefore, before one could estimate St, one would first have also to estimate Yt, Zt, and Pt. Chapter (5), exercise (5): For this problem, the column headed as 5-Year Moving Average is the actual annual figure, and I will forecast 2010 for that column and all the other empty columns. The bold and underscored numbers fill in the table on the next page. Year | 5-year MA | 3-year MA | Ex Smooth | Ex Smooth | Ex Smooth | | | | W = 1.0 | W = .9 | W= .3 | 2000 | 800 | | | | | 2001 | 925 | | | 800 | 800 | 2002 | 900 | | | 912.50 | 837.50 | 2003 | 1025 | | 900 | 901.25 | 856.25 | 2004 | 1150 | | 1025 | 1012.63 | 906.88 | 2005 | 1160 | 1025 | 1150 | 1136.26 | 979.81 | 2006 | 1200 | 1112 | 1160 | 1157.63 | 1033.87 | 2007 | 1150 | 1170 | 1200 | 1195.76 | 1083.71 | 2008 | 1270 | 1170 | 1150 | 1154.58 | 1103.60 | 2009 | 1290 | 1207 | 1270 | 1258.46 | 1153.52...
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...Acct 883/483 International Accounting Sample Exam Multiple Choice 1. How is the term “stocks” used on the balance sheet of a British company? A) Capital stock in the Owners' Equity section B) Shares of another company owned as marketable securities. C) Fixed assets D) Inventory Answer: D Level: Medium LO: 1 2. A study conducted by the SEC in 1993 illustrated that U.S. GAAP was more conservative for most of the foreign entities listed on U.S. exchanges. What does this mean? A) Income restated under U.S. GAAP was higher than income under GAAP of the companies' home countries. B) Income restated under U.S. GAAP was lower than income under GAAP of the companies' home countries. C) Income reported under U.S. GAAP is more accurate than income reported under GAAP of other countries. D) Assets were understated when restated using U.S. GAAP. Answer: B Level: Medium LO: 2 3. Differences in legal systems used in various countries have been cited as one reason for diversity in accounting practice. What are the major types of legal systems? A) commercial law and accounting law B) rules and regulations C) written law and unwritten law D) common law and code law Answer: D Level: Easy LO: 3 4. The accounting standards in code law countries tend to be . . . A) very detailed. B) formulated by organizations such as the FASB. C) stated broadly without much guidance on accounting procedures. ...
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...This article was downloaded by: [University of Macau Library] On: 09 October 2014, At: 18:24 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Chinese Journal of Communication Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/rcjc20 “Platonic relationships” in China's online social milieu: a lubricant for banal everyday life? Yann-Ling Chin a a Arts, Humanities and Education, Nottingham Trent University , UK Published online: 14 Nov 2011. To cite this article: Yann-Ling Chin (2011) “Platonic relationships” in China's online social milieu: a lubricant for banal everyday life?, Chinese Journal of Communication, 4:4, 400-416, DOI: 10.1080/17544750.2011.616286 To link to this article: http://dx.doi.org/10.1080/17544750.2011.616286 PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied...
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...INTERNATIONAL UNIVERSITY OF MANAGEMENT Information system strategies 140071278 JOSEPH ILONGA Case study 2 (chapter3) 1. Identify the key software applications used by The Tea collection. * website for shopping online * design software * Geo-mapping to see where the market is not over saturated with children's clothing * A back end tool for retailers to be place orders over the internet * Software that was created for the company is a tool bag in for retailers to make it easier for the ordering processing for the internet users. 2. How does the Geo-mapping software help the company grow? Explain how sales reps use the results of the Geo-mapping system. The Tea Collection plays a role for ensuring their survival and to promote competitive advantage. The customer service has been well improved and It helps the organization to prepare themselves so that they can work up to a level which will allow them to be on top, at the same time it shows how the markets that they have already targeted are operating. It uses the software to be able to sell their products online across the country. 3. What is the main technology challenge identified in the video? How would you suggest this challenge should be addressed? The main technology challenge identified in this video is the integration of the different computer systems, would suggest addressing this dispute by investing money in in-house training of the people working on integrating these systems. So that everyone in the...
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...DO NOT PLAGARIZE TUTORIAL ONLY. Program Planning and Evaluation Paper HSM/270 February 5, 2012 Program Planning and Evaluation Paper There are so many different human service organizations around the country today, that it may be difficult to see the commonalities and or differences within each, I myself have this issue yet I believe that the commonalities are what includes many agencies to be human service agencies and the differences are what makes up the plethora of agencies still considered human service branches. The Human service agency I chose to work with this block is the Peace Domestic Violence Agency, I am pulled towards this agency because I can see not only does this help abused spouses in a relationship but also children who are most often times the unseen victim. an agency such as this opens up the spectrum for so many that may need to be reached, and on many different levels from basic needs to counseling, from children's delicate needs to protection of a whole family when necessary. let's take these proven statistics as an example[ Every 9 seconds in the US a woman is assaulted or beaten, and Studies suggest that up to 10 million children witness some form of domestic violence annually.] ("domestic violence statistics," 2012) these statistics are very powerful, and eye opening. let's begin by establishing the mission of the peace domestic violence agency, which is [to reduce victim trauma, empower survivors, and promote recovery through direct...
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...Goldfinger * The Barbican Centre * The cube * Unite d’Habitation CHAPTER 4: Ornamentation Buildings to demonstrate my points: * The Villa Muller, Adolf Loos * Goldman and Salatsch building, Adolf Loos * He felt the lack of ornamentation was the sign of spiritual strength. Loos insisted that functional objects should not be decorated as he believed that it was a waste of effort and materials * Adolf Loos had completed the Steiner House in Vienna, which clarified his strong principles against ornamentation CHAPTER 5: Concrete Utopia: Talk about Roehampton estate (Alton east and Alton West) and link the idea of concrete and social housing Robin Hood gardens- What is good about it and what is bad? CHAPTER5: conclusion- summarise your...
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...Problem Set 3 (Chapters 5, 6 and 18) Chapter 5 23. Download the annual returns on the combined NYSE/NASDAQ/AMEX markets as well as the S&P 500 from the Online Learning Center at www.mhhe.com/bkm. Problem 5-23 Data http://highered.mcgraw-hill.com/sites/0078034698/student_view0/chapter5/excel_spreadsheets.html For both indexes, calculate: A. average return B. standard deviation of return C. skew of return D. kurtosis of return E. the 5% value at risk F. based on your answer to parts (B)--(E), compare the risk of the two indexes. Chapter 6 A manager is considering 3 mutual funds. The first is a stock fund, the second is a bond fund, and the third is a T-bill money market fund that yields rate of 5.5%. The probability distributions of the risky funds are Expected Return Standard Deviation Stock fund ( S ) 15% 32% Bond fund ( S ) 9 23 The correlation between the stock fund and the bond fund is 0.15 Use the above data solve the questions below: a) Tabulate and draw the investment opportunity set of the two risky funds. Use investment proportions for the stock fund of 0 to 100% in increments of 20%. What expected return and standard deviation does you graph show for the minimum-variance portfolio? b) What is the reward-to-volatility ratio of the best feasible CAL? c) Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. what is the standard deviation of your portfolio...
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...Internship in ALLSEC TECHNOLOGIES LTD A report submitted in partial fulfillment of the requirement For the MBA degree of Bangalore University By SWETHA.L Reg. No.: 10YACMA102 JULY 2011 Kempapura-Hebbal, Bangalore – 560 024 DECLARATION I hereby declare that this Internship titled “Study on ALLSEC TECHNOGLOGIES LTD”, submitted by me to the Department of Management, Bangalore University, in partial fulfillment of requirements of the MBA Program, is a bona-fide work carried out by me under the guidance of Mrs. Raksha during the year 2011-2012. I declare further that this work has not been submitted earlier to any other University or Institution for the award of any degree/diploma/certificate; nor has it been published anywhere. Date: SWETHA.L Place: 10YACMA102 ACKNOWLEDGEMENT Words are indeed inadequate to convey my profound gratitude and hearties thanks to all those who have helped me in making this project report. The culmination of project work is not just the satisfactory completion of it. But also realize the importance of valuable contribution of people in achieving what was targeted. I express my gratitude to Mr.Kannan Ramasamy HR Manager, Allsec Technologies LTD, Bangalore, for permitting me to make observation in his organization and for his kind co-operation and for his guidance, invaluable help and support, making it a completely enriching experience. I will take this...
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...CASE STUDY CHAPTER5 Eıleen Nolland is one of the high quality worker that every leader or boss desired to have. Eileen take responsibility of works, even more than her responsibilities. She is working for a company like a leader, which is not her position in the company, that makes her informal power in the company. Her boss familier what she is doing in the company and sometimes he gives to credit such as she is free to go home somedays... This makes other workers at the company a bit well, and making them to think that Eileen has a special treatment. In this case people always have same ideas about gender differencies. If Eileen and her boss have the same gender,may be it wouldn't be big issue like that. Eileen's boss has three options. First, he will give the formal power to the Eileen, make her as a team leader. Second, he will try to find another people train them as a new Eileen. Third option,which is not the best, fire Eileen to teams benefits. Sometimes good leaders have to give up that someone really important for them... Nida DEMIRBAS CHAPTER 6 CASE STUDY In this case there are several variables like casual and intervening. Casual variables are Camii's feelings and personal feelings. In the begining she was so confıdence about her new task. however intervening variables such as her co-workers, who are technical staff member, made her new excitement turn to opposıte, because they don't believe that she is able to do this task. There are...
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...There are two types of grasslands, tropical and temperate. Tropical grasslands are warm year around and have a dry and rainy season. Temperate grasslands have an average of 10 to 30 inches of rain per year, have shorter grass, and have a growing and dormant season (Grasslands Terrain of Many Names). There are the Great Plains in the United States that cover from parts of Texas, New Mexico, Oklahoma, Colorado, Wyoming and Montana and covers all of Kansas, Nebraska, South and North Dakota, and covers all the way up into parts of Canada. In Africa there is the African Savanna, which is a tropical grassland that covers 25 territories and South Africa. The abiotic structure of grasslands includes the climate; rainfall, temperature, wind flow, and ground moisture. The bedrock has an influence on the type of soil and what can and cannot be grown in that location, slopes and elevation, floods, fires, high temperatures and freezing temperatures are also abiotic structures. The biotic structures include any living thing in that ecosystem. Grass, rabbits, moles, elk, snakes, birds, bacteria and fungi are part of the biotic structures (tutorvista.com 2014). You cannot have one with out the other in an ecosystem. The grass needs the rain as well as the animals in order to survive. The temperatures help decide which type of animals and plant life will live in that area as well. Carbon function in the ecosystem is to be used by the plants for photosynthesis and to make organic molecules...
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...Unit 1 Week 1: The European Union, or EU, is an economic and political partnership between 27 European countries. Created after the Second World War, the partnership was to bring economic cooperation through trade and avoid conflict. The European Economic Community, or EEC, was created in 1958 which brought economic cooperation and a single market. The economic union developed into an organization spanning policy areas. The EEC changed names in 1993 to the EU. The EU bases its rules on a law that states everything it does has to be founded through treaties, voluntarily and democratically agreed by all member countries (How the EU works, 2013). By seeking to acquire a company in the EU, one would benefit from this union because it allows everyone within these countries to work and move freely within the countries and use a single form of currency, the euro, which saves the company from transactions costs. It will allow the company to expand its market. The advantages of expanding into the EU are the single form of currency, saving transaction fees, and the expansion of the company's market. The disadvantages of expanding into the EU are the different cultures, customs, and languages of each country will vary, causing some people to become unaware when they are conducting business what is being said, what should be done, and how to conduct themselves. The best way to overcome this is to hire local translators in each country who can help conduct the business meetings with the...
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...affected the people. Once known as hunter-gatherers, advancement allowed them to become known as farmers and domesticators. Once everyone had their own task, whether it be hunting, gathering, farming, or trading, there were extra individuals to take care of other significant needs. The society grew larger because the people discovered travel by horse or foot to other people’s land. People from different tribes married into an opposite tribe. The Indians added more social customs. Children were born and the mothers’ tasks were monitoring their offspring. If the mothers were not tending to kids, they were gathering and preparing food. Conferring to the article “Chapter 5: Hunter and Gathering Societies” from http://www2.fiu.edu/~grenierg/chapter5.htm, Fire fostered a technological and social revolution. It set humans apart from all other animals, giving them some control over the cycle of day and night and more freedom of movement (102). Most importantly, fire strengthened the network of interrelationships within societies (103).” People of tribes went through a social transformation. Additionally, the most drastic change occurred economically. In the beginning establishment, mankind had to hunt animals, plants, and insects for their family to survive. Once the hunter-gatherers learned to raise animals themselves and have them multiply, life became easier. Agriculture was all tribes’ main source of economy. Other people from other tribes wanted to begin trading animals and food...
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...check the top two box data tap data analysis at right data analysis plus Statistical terms What is statistics? A way to get info from data. descriptive statistics: organize and summarize data inferential statistics: process of making a: prediction estimate decision About a population based on sample data Population: all items of interest Sample: a subset of a population Population: all items of interest Measures of reliability: built into statistical processes (p5) two kinds: confidence level & significance level 1. confidence level proportion of times an estimation procedure will be correct90%-99% 2. Significance level: how frequently a conclusion will be incorrect, in the long run. 1%-10% Types of Data and Information hierarchy of data traingel base nominal: lable, catagoty numerical values represent categories…”coding data” how to count =countif(A1:A11)1 (数1 有多少个) =AVERAGE(a2:a11) counting the frequency of the numbers used as codes top :interval middle ordinal data: order distances are not equal, eg. records in marathon values must represent the ranked order of data interval data: all calculations are permissible random variable: numerical alue random outcome determined by chance upon conducting an experiment numerical data:v qualitative (categorical) quantitative (numerical) qualitative data 1. nominal labels, coding, assigned values 2. ordinal order important quantitative data 1. interval differences are...
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...Policing Organizations in America Policing organizations in America have different roles and functions at the federal, local and, state level. These roles fall under responsibilities and operational strategies. Although the federal government may be similar to state and local organizations there is difference in the role of federal employee. An Example of a federal agency is the FBI, Homeland security, and the DEA. Employees of this organization are allowed to make an arrest in any state or county, most of the federal agencies “do not provide basic services of protection and criminal investigation” (Walker & Katz, 2008, p. 76), which makes them different from the local and state organizations. Officers employed with the state troopers or highway patrols are employed with the state. Employment at the state level means that an officer is not allowed to make an arrest outside of the state. Officers on the local level are not allowed to make arrest outside of the city or county that employs them. All of these Agencies do have to follow the same code and depend on the federal laws. Police organizations have five primary responsibilities all of these responsibilities work together, which means they have similar structure both operational and administratively. The smaller departments do not have as much management and are much simpler. According to Walker and Katz (2008) “the typical police department is a bureaucracy, with a hierarchical structure and an...
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