...Co-Op Bank and Abc In: Business and Management Co-Op Bank and Abc DEFINITION (ABC) Activity-Based Costing is the costing approach that identifies and classifies a business’s activities and then allocates a cost to each activity. ABC subsequently assigns these costs to all the services or products associated with the actual consumption. By applying ABC, a business can accurately estimate the cost of an individual product or service. Organisations can then recognize and remove those products or services that are unprofitable or adjust pricing to match strategic decisions. This tool is generally used for evaluating product/service and customer cost and profitability. Thus ABC can be used to support strategic decisions such as pricing, outsourcing, identification and measurement of process enhancement initiatives. EXTRA QUESTION: What differences do you see between applying ABC in a service company (as the Co-Operative Bank) and in a manufacturing company? MANUFACTURED PRODUCT OR SERVICE PERSPECTIVE The immense difference between applying ABC to a service company as apposed to a manufacturing company is that with a manufacturing company, the product costs are easily identifiable and quantifiable because they consist of direct materials and direct labour associated with the products. Manufacturing overheads or indirect production costs can be allocated towards the product using absorption costing relatively easily unless management want to perform a more accurate...
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...DIPLOMA IN STRATEGIC FINANCE AND ANALYTICS (1) ASSIGNMENT (1) Please read the following instructions carefully before starting your assignment: Submission: The submission date for Assignment 3 is on or before 5.30pm (Irish Standard Time) Monday 14th December 2015. Candidates must submit typed answers electronically, in one document, (along with scanned copies of forms/ appendices, as relevant). Should more than one document be submitted, Chartered Accountants Ireland shall not be liable for the assignment being printed/ collated in the correct order but every attempt will be made to ensure assignments are correct and complete for examiner review. Your assignment must include a cover sheet, (template provided on Moodle) and except for the cover sheet, all pages should be numbered. Your name should only appear on your cover sheet – it should not appear anywhere else in your assignment. You must retain the question paper and a photocopy or electronic copy of your submitted answer and be able to produce this if requested to do so. You will receive your marks and comments once all assignments have been marked, but your assessment script will not be returned to you. Assignment Format: ANY SUBMISSION WHICH DOES NOT ADHERE TO THE ASSIGNMENT FORMAT RULES WILL BE PENALISED. Page Count: If specified in the assignment instructions, must be adhered to. Font: The font should be ‘Times New Roman’ and no less than font size 11 Page margins: Should not be less than...
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...Q.1. What sum of money will amount to Rs3704.40 in 3 years at 5% compound interest. Solution : We have, A = Rs3704.40, n = 3, r = 5%. Using A = P(1 + r/100)n , we get 3704.40 = P(1 + 5/100)3 => 370440/100 = P ×21/20×21/20×21/20 Or, P = 370440/100×20/21×20/21×20/21= 3200 Hence, required sum of money = Rs3200. [Ans.] Q.2. What sum of money will amount to Rs3630 in two years at 10% per annum compound interest? Solution : Do yourself [Ans. = Rs3,000] Q.3. Calculate the compound interest for the second year on Rs8,000 invested for 3 years at 10% p.a. Solution : Do yourself. [Ans. = Rs880.] Q.4. At what rate percent p.a. compound interest would Rs80000 amount to Rs88200 in two years, interest being compounded yearly. Also find the amount after 3 years at the above rate of compound interest. Solution : Principal = Rs80000, Amount = Rs88200, Time = 2 years, Rate = ? n = 2. Using, A = P (1 + r/100)n, we get 88200 = 80000 (1 + r/100)2 Or, (1 + r/100)2 = 88200/80000 = 441/400 Or, (1 + r/100) = 21/20 Or, r/100 = 21/20 – 1 = 1/20 Or, r = 1/20×100 = 5% Second part, P = Rs80000, Time = 3 years, n = 3, r = 5%. [Ans.] A = 80000(1 + 5/100)3 = 80000(21/20)(21/20)(21/20) = Rs92610. [Ans.] Q.5. Ramesh invests Rs. 12800 for three years at the rate of 10% per annum compound interest. Find : i. The sum due to Ramesh at the end of the first year. ii. The interest he earns for the second year. iii. The total amount due to him at the end...
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...Mathematics Classes 9-10 Chapter One Real Number Mathematics is originated from the process of expressing quantities in symbols or numbers. The history of numbers is as ancient as the history of human civilization. Greek Philosopher Aristotle According to the formal inauguration of mathematics occurs in the practice of mathematics by the sect of priest in ancient Egypt. So, the number based mathematics is the creation of about two thousand years before the birth of Christ. After that, moving from many nations and civilization, numbers and principles of numbers have gained an universal form at present. The mathematicians in India first introduce zero (0) and 10 based place value system for counting natural numbers, which is considered a milestone in describing numbers. Chinese and Indian mathematicians extended the idea zero, real numbers, negative number, integer and fractional numbers which the Arabian mathematicians accepted in the middle age. But the credit of expressing number through decimal fraction is awarded to the Muslim Mathematicians. Again they introduce first the irrational numbers in square root form as a solution of the quadratic equation in algebra in the 11th century. According to the historians, very near to 50 BC the Greek Philosophers also felt the necessity of irrational number for drawing geometric figures, especially for the square root of 2. In the 19th century European Mathematicians gave the real numbers a complete shape...
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...Aussie pies Anna Amphlett and Andrew Ferris has decided to startup a new business in Seattle, U.S.A under the name of Aussie Pies Inc. after their visit to Australia; where they discovered the meat pies, the national snack food of Australia and interested in starting up a business in U.S to produce and sell similar meat pies, The couple has decided to apply for a loan through a contact to establish a new business. Even though bank has tentatively agreed to provide the loan up to one million with 6% interest per year, still loan committee of the bank require business plan including complete set of projected financial statements for the first year of operations, including income statement, statement of cash flow and balance sheet. Please see the detail of the company from below report, The company Anna Amphlett and Andrew Ferris have discovered the meat pies, the national snack food of Australia, during their visit to Sydney. They found Australian consumed vas number of meat pies during sporting events and other occasions and pies are served with ice-cold beer. They decided to explore the possibility of establishing a business in USA. They have decided to locate the first outlet in Pike Place Market, a popular destination for tourist to Seattle in USA, particularly International travelers who curious about other cuisines and willing to try new foods. They have decided to make the pies with high-quality, low fat due to most international travelers belong to...
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...larger businesses the economy wouldn’t exist. Business in the economy is the circle of life. Businesses promote growth; provide jobs for citizen who intern feed the economy with their earnings. When an individual spends supporting other business the boomerang effect takes place. Businesses pay government taxes which allow the government to support the common good of the people. Businesses also tend to make charitable donations to offset some of the tax burden; this is another means of affecting the common good of society. The government creates different programs to promote the growth of small and large businesses such as SBA. Also using the tax dollars to supports unemployed individual, provide healthcare and other necessary amenities. Many banks provide start up loans for businesses with good ideas. The entrepreneur spirit and the willingness to take a chance on the idea drive businesses and businesses drive our...
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...PROJECT REPORT ON SMEs PROJECT FINANCING BY BANKS SUBMITTED TO: PROF. MAYANK PATEL AND PROF. RAVIRAJ GOHIL SUBMITTED BY: MRINKAL GARG 1011113076 2011-13 2012 ACKNOWLEDGEMENT This is to acknowledge all those without whom this project would not have been a reality. Firstly I would to convey my heartfelt thank to my Professors, Prof. Mayank Patel and Prof. Raviraj Gohil, who always help me by giving valuable suggestions and guidance for completion of this project. I am also very thankful to my father Mr. Vimal Garg who provide me a unique platform to fulfillment of this project and provide practical exposure to earn knowledge in the field of sanctioning procedure of bank loans and learn the problems faced by customers and bankers during the financing a project that could be done in a bank. I also want to extend my sincere thanks to “Agarwal & Co.” who’s immense support and dedicated their time toward it to sharing their knowledge in the field of finance and learn the day-to-day activities that are carried out in the CA firm. I would like to thanks to, Prof. BALA BHASKARAN (Director of Shanti Business School, Ahmadabad) who provides me this golden opportunity by giving this project. Table of Contents ACKNOWLEDGEMENT 2 EXECUTIVE SUMMARY: 4 Objective: 4 Brief Description of Project: 4 INTRODUCTION 6 Introduction of Project Financing 6 Introduction of Banking 8 SIGNIFICANCE OF THE STUDY 14 PROJECT OUTLINE FOR PROJECT FINANCE 15 ...
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...please use: https://www.copyright.com/ccc/basicSearch.do? &operation=go&searchType=0 &lastSearch=simple&all=on&titleOrStdNo=0012-7086 FAIRNESS OPINIONS: HOW FAIR ARE THEY AND WHAT CAN BE DONE ABOUT IT? LucIAN ARYE BEBCHUKt AND MARCEL KAHAN* INTRODUCTION Fairness opinions have become a regular feature of every major corporate control transaction. Whether in negotiated mergers,1 freeze-out mergers, 2 hostile tender offers, 3 friendly tender offers,4 self-tenders, 5 leveraged buyouts, 6 negotiated share repurchases, 7 or negotiated sales of treasury stock,8 directors seek the blessing of investment banks before approving transactions or adopting defensive measures. These banks give their blessings in the form of fairness opinions, which usually consist of short letters that state an opinion about whether a proposed transaction is "fair" or "adequate." 9 In addition, the banks often give presentat Professor of Law, Harvard Law Schaool; Faculty Research Fellow, National Bureau of Economic Research. * Visiting John M. Olin Scholar, fall 1988, Harvard aw School; Associate, Kramer, Levin, Nessen, Kamin & Franke. For financial support, both authors are grateful to the Harvard Law School Program in Law and Economics, which is funded by the John M. Olin Foundation. Lucian Bebchuk's work was also supported by the National Science Foundation. The authors thank Irene Khaitman for her helpful research assistance and Andrew...
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...1 The CASE Journal Volume 4, Issue 2 (Spring 2008) Table of Contents Click on the article or case title to go to that page Editorial Policy Letter from the Editor Case Abstracts Cases “Sally’s Dilemma: Making Tough Choices in Collaborative Visioning” Karl A. Hickerson, David J. O’Connell & Arun K. Pillutla, St. Ambrose University “The Death of a Salesman Revisited: Part A” Herbert Sherman, Long Island University & Daniel James Rowley, University of Northern Colorado “The Death of a Salesman Revisited: Part B” Herbert Sherman, Long Island University & Daniel James Rowley, University of Northern Colorado “Customer Service at the Jewish Community Center” Edward Demarais, Salem State College, Sandra Sheckman, & Gina Vega, Salem State “The Frozen Production Line” Anton Massman, U.S. Air Force, Elaine Davis & Janell M. Kurtz, St. Cloud State University “Dow Chemical and Agent Orange in Vietnam” Cedric Dawkins, California State Polytechnic University – Pomona Membership Form Page 2 The CASE Journal Volume 4, Issue 2 (Spring 2008) EDITORIAL POLICY The audience for this journal includes both practitioners and academics and thus encourages submissions from a broad range of individuals. The CASE Journal invites submissions of cases designed for classroom use. Cases from all business disciplines will be considered. Cases must be factual, and releases must be available where necessary. All cases must be accompanied by an instructor’s manual ...
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...of future performance (see Exhibit 1). Can Business Operate with a Balanced Scorecard? CO Some argue that managers cannot operate with multiple measurements of business-unit performance. While they recognize that aggregate financial measures (such as operating income, return on investment, and economic value added) are not perfect by themselves, they claim that financial measures at least are well understood and provide clear, unambiguous, and objective goals on which all organizational participants can focus. Such people feel that multiple measures—some financial and some non-financial—are confusing and lead to ambiguous, often conflicting, signals about what the organization values. PY We disagree. Imagine entering the cockpit of a jet airplane and observing that there is only a single instrument. How would you feel about flying on that plane after the following discussion with the pilot: Reprinted by permission of Harvard Business School Press. Adapted from The Balanced Scorecard by Robert S. Kaplan and David P. Norton. Copyright ©1996 by the President and Fellows of Harvard College; all rights reserved. CALIFORNIA MANAGEMENT REVIEW VOL. 39, NO. 1 FALL 1996 53 Measures Targets Initiatives PY CALIFORNIA MANAGEMENT REVIEW VOL. 39, NO. 1 “To achieve our vision, how will we sustain our ability to change and improve?” CO Objectives CUSTOMER FALL 1996...
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...Woko k rb o: Sm lQuso s n ap e et n ad i Eece xrss i September 2012 Level I Workbook: Sample Questions and Exercises Preface.......................................................................................................................................................... 2 Sample Exam Questions ............................................................................................................................. 2 Exercises ...................................................................................................................................................... 2 Errata Sheet................................................................................................................................................. 2 The Level II Examination and Completion of the Program ................................................................... 3 Topic 1: Professional Standards and Ethics ......................................................................................... 4 Topic 2: Introduction to Alternative Investments................................................................................ 6 Topic 3: Real Assets .............................................................................................................................. 20 Topic 4: Hedge Funds ........................................................................................................................... 29 Topic 5: Commodities ...............................
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...Parliament of Australia Department of Parliamentary Services Parliamentary Library Information, analysis and advice for the Parliament RESEARCH PAPER www.aph.gov.au/library 26 May 2010, no. 17, 2009–10, ISSN 1834-9854 Budget Review 2010–11 Last year’s Budget was framed amid a sharply deteriorating world economy which was considered the most challenging global economic conditions since the Great Depression. In 2009, the global economy contracted for the first time in the post-war era. In contrast, Australia grew by almost 1.5 per cent supported by monetary and fiscal policy stimulus, a well-functioning banking system, and strong growth in a number of East Asian economies. The third Rudd Government Budget, presented on 11 May 2010, was developed within an improving but still uncertain outlook, with events in Greece and other European Union countries reminding us of the risks to the global economic recovery. Strong economic growth in China and India is expected to continue to flow throughout the region and, despite a slower pace, the US is leading the recovery among our advanced economy major trading partners. Global economic growth is in the early stages of recovery but we should remain cognisant of the precarious economic environment which is continuing to challenge government policy makers around the globe. Once again the Parliamentary Library has produced the annual Budget Review that examines the key features of a selection of crucial measures contained...
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...The Midwest Energy Research Center FINAL REPORT BUSINESS PLAN FOR SOAR ENERGY COOPERATIVE Prepared by Management Consulting Services, Inc. Washington, DC On behalf of The Midwest Energy Research Center Findlay, OH December 2001 Management Consulting Services, Inc. Washington, DC T ABLE OF CONTENTS Abstract ....................................................................................................................................... vi Study Objectives ...................................................................................................................... vii 1. 1.1 1.2 1.3 1.4 2. 2.1 2.2 2.3 2.4 2.5 2.6 3. 3.1 3.4 3.2 3.3 4. 4.1 4.2 4.3 4.4 4.5 5. Introduction...........................................................................................................................1 Restructuring Legislation ....................................................................................................... 1 Renewable Generation in Ohio............................................................................................... 2 SOAR Energy Concept......................................................................................................... 3 Feasibility of SOAR Energy................................................................................................... 5 Market Assessment and Marketing Strategy....................................................................6 Market Size ..............................
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...PThe Midwest Energy Research Center FINAL REPORT BUSINESS PLAN FOR SOAR ENERGY COOPERATIVE Prepared by Management Consulting Services, Inc. Washington, DC On behalf of The Midwest Energy Research Center Findlay, OH December 2001 Management Consulting Services, Inc. Washington, DC T ABLE OF CONTENTS Abstract ....................................................................................................................................... vi Study Objectives ...................................................................................................................... vii 1. 1.1 1.2 1.3 1.4 2. 2.1 2.2 2.3 2.4 2.5 2.6 3. 3.1 3.4 3.2 3.3 4. 4.1 4.2 4.3 4.4 4.5 5. Introduction...........................................................................................................................1 Restructuring Legislation ....................................................................................................... 1 Renewable Generation in Ohio............................................................................................... 2 SOAR Energy Concept......................................................................................................... 3 Feasibility of SOAR Energy................................................................................................... 5 Market Assessment and Marketing Strategy....................................................................6 Market Size .............................
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...Occasional Paper 5 The Recovery of Trust: Case studies of organisational failures and trust repair BY GRAHAM DIETZ AND NICOLE GILLESPIE Published by the Institute of Business Ethics Occasional Paper 5 Authors Dr Graham Dietz is a Senior Lecturer in Human Resource Management and Organisational Behaviour at Durham University, UK. His research focuses on trust repair after organisational failures, as well as trust-building across cultures. Together with his co-author on this report, his most recent co-edited book is Organizational Trust: A cultural perspective (Cambridge University Press). Dr Nicole Gillespie is a Senior Lecturer in Management at the University of Queensland, Australia. Her research focuses on building, repairing and measuring trust in organisations and across cultural and professional boundaries. In addition, Nicole researches in the areas of leadership, teams and employee engagement. Acknowledgements The authors would like to thank the contact persons in the featured organisations for their comments on an earlier draft of this Paper. The IBE is particularly grateful to Severn Trent and BAE Systems for their support of this project. All rights reserved. To reproduce or transmit this book in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, please obtain prior permission in writing from the publisher. The Recovery of Trust: Case studies...
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