...Executive Summary This report aims to provide insight into JB Hi-Fi and covers an analysis of the Industry, Ratios, Earnings Management and Market Pricing. JB Hi-Fi Pty Ltd (JB Hi-Fi) can be classified to operate in various industries including online video games, video game and recorded music retailing, domestic appliance retailing, computer software retailing, online camera and camcorders. Their main competitors are Harvey Norman, Good Guys, and EB Games. From the report, the key competitive forces are highlighted and the potential risks of investing in the company are listed. The ratios covered in this report focuses primarily on the profitability and liquidity of the company. Through the relative valuation, it is identified that the company is over-valued in comparison to its peers. 2. Industry Analysis 2.1. Competitive Forces Threat of new entrants - Low Due to dominating market share of existing companies in this industry, the likelihood of new entrants in the market is low....
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...governing India, the British, and to garner the ability to govern themselves, essentially freedom from those ruling them. This would imply that the revolt would be a unified nationalistic cause under a single leader or a group of leaders co-operating. However India’s mutiny lacks a clear cut leader or coherence between those who were proclaimed to be leading the rebellion. Lastly the mutiny was not on a national scale, only parts of the country revolted subsequently throwing the identification of the Indian mutiny as a war of independence into disarray. One interpretation of the 1857 Indian Mutiny claims that the incident was a direct reaction to company insensitivities and the forceful imposition of British culture in preceding years, and was, clearly, by virtue of this, ‘a war of independence’. The first 50 years of the 19th century saw company rulers take an active foothold in attempting to liberalize Indian society with traditional, British Judeo-Christian values, to manufacture, in the words of Thomas Macauley, ‘a class of persons Indian in blood and colour, but English in tastes, in opinions, in morals and in intellect’. Widespread traditions such as Thuggee, infanticide and Suttee, which had always been viewed by colonialists as barbaric, were swiftly illegalised, whilst Protestant and western education systems grew in prominence. Whilst the British approach of Anglicisation had gained some support from...
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...active power in 18th Century India. The area of British control increased. British expansion affected the entire sub-continent at last partially. The turning point of the Indian Mutiny of 1857 of was ingenious, however there were several factors that proved key in engineering a British victory and maintaining power after the battle. The changes the British enforced, the battles themselves, and the benefits of the victory granted the British permanent access to India. The relationship of the British with their Indian subject gradually became worse as time passed. The invention of the steamships may be partially responsible for the tension between the two peoples, a momentous change in the operation of trade. “The British East India Company had been using steamboats to help maneuver large sailing ships into the narrow harbors of India. Steam technology was then used to link the British outposts in northern India. The Ganges River runs west to east across most of the northern part of south Asia. It provided a natural highway for steamboats to deliver goods, troops, and mail across the wide expanse of the northern frontier. In essence, steam power was used to shrink the size of northern India.” (Fitzgerald) Another significant event was the arrival of...
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...life like cultural, social, psychological and of course, political. It is true that the impact of globalization is visible and affects largely the politics and the economy of the country but its effect on the mindset and the culture is noticeable gradually in the way people think and react. It’s like the Iceberg theory wherein what we do and say are at the tip and what we think and believe is at the base. The base is not visible but manifestations at the top are conspicuous. It applies here as well where people do not change abruptly but may be after a decade the change starts showing and seems radical. Pro-globalization Globalization is not a new phenomena, the base was laid long back when the Dutch East India Company and the British East India Company started trading with India. In history there were trade relations between different countries like Arab and Egypt and now in modern times that has translated into Globalization or Free Trade. It’s true that ultimately all the free trade resulted in the white man taking the burden proactively but then globalization leads to more employment and higher standard of living,...
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...Research Paper in CORPORATE LAWS - I AN ANALYSIS OF THE LEGAL REGIME OF COMPANY DEPOSITS Submitted By Sachin Malhan BLIG 757 Table of Contents TABLE OF CASES 3 INTRODUCTION 4 The Coming into Vogue of Company Deposits Thorns in the Side? A Cause for Control RESEARCH METHODOLOGY 6 WHAT CONSTITUTES A COMPANY DEPOSIT 7 What is a Deposit? Constitution of “Public” Loans and Deposits Debentures and Deposits Secured Deposits DEPOSITS EXEMPT FROM THE REGULATORY FRAMEWORK 11 Status of Unclaimed Deposits INVITATION OF DEPOSITS 13 INCORPORATION OF CREDIT-RATING IN DEPOSIT ADVERTISEMENTS CRISIL Ratings 15 FINALISATION OF MATTERS RELATING TO ACCEPTANCE OF DEPOSITS Limits on Amounts Invited for Acceptance 17 The FERA Factor Penalty for Accepting Deposits in Excess of Limits PAYMENT...
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...women workers. 6. Advisory Committee. 7. Power of appropriate Government to appoint authorities for hearing and deciding claims and complaints. CHAPTER III MISCELLANEOUS 8. Duty of employers to maintain registers. 9. Inspectors. 10. Penalties. 11. Offences by companies. 12. Cognizance and trial of offences. 13. Power to make rules. 14. Power of Central Government to give directions. 15. Act not to apply in certain special cases. 16. Power to make declaration. 17. Power to remove difficulties. 18. Repeal and saving. An act to provide for the payment of equal remuneration to men and women workers and for the prevention of discrimination, on the ground of sex, against women in the matter of employment and for matters connected therewith or incidental thereto Be it enacted by Parliament in the Twenty-seventh Year of the Republic of India as follow: - 2 Prefatory Note – Statement of Objects and Reasons. – Article 39 of Constitution envisages that the State shall direct its policy, among other things, towards securing that there is equal pay for equal work for both men and women. To give effect to this constitutional provision, the President promulgated on the 26th. September, 1975, the Equal Remuneration Ordinance, 1975 so that the provisions of Article 39 of the Constitution may be implemented in the year which is being celebrated as the International Women’s Year. The Ordinance provides for payment of equal...
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...organizational ethics or conflicts include trust, honesty and respect. For instance, the manner in which managers, colleagues and leaders at the work place behave may determine the views at a certain organization to be either accepted or unaccepted (Ross, 1988). According to Davis, (1975), there are key factors that may influence conflicts in various organizations. For example, motivation by a leader at a given organization plays a major role in sustaining ethics at the place. Motivation can be referred to as the ability within the person that determines his or her behavior towards scoring a certain target. In order to succeed in motivation, a firm provides benefits or incentives to motivate employees to work according to the company's aims or objectives. For effective managing of employees, it is important to have a good understanding of motivation as it also guides in describing their ethical behaviors. For instance, there could be unethical behavior from an employee who could wish to acquire a higher level in a company where he could sabotage a colleague’s project to spoil his reputation. Such unethical act can be directly linked to the first employee's motivation to be at the higher-level in the company. According to research, someone's career business size, geographical location, stage and age influences the relative priority that one offers to satisfying basic psychological; respect and self esteem needs. From the...
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...intense industrial activity in the country. The banks provided the much needed capital and expertise and skills which resulted in the establishment of many companies like Breda(train engines) and Fiat(cars). The industrialization process became so big the banks were unable to keep up with this intense process. In 1887 government intervention was needed to rescue a large steel company(Teri) and its lenders from bankruptcy. This was the start of state involement in large companies in Italy. The credit depression forced the government to intervene on a much larger scale. The financial crisis led to the collapse of Italy's three main investment banks. With the state now financially involved with all these rescued companies they established an agency called (LRI) to manage the large portfolio of companies previously controlled by the three banks. Italy has still maintained a direct precence in the economy as the controlling shareholder of profit oriented firms. The state now became more actively involved in investing in sounds companies as well as troubled companies . This even bigger portfolio of companies resulted in a second agency being created called (ENI). The companies acquired by the state where run as profit organisations but could rely on state financial assistance from the treasury if required. These acquired companies contributed to growth in the economy during the 1960s and 1970s,but...
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...Management Hi, A good way to address a question like this one is to critically read the scenario, jotting this down and commenting throughout. Let’s do that now (comments are bracketed and highlighted in red): The employer owned and managed an apartment building and townhouse complex, where it employed a number of janitorial workers (“at-will” workers). On December 5, 1975, the union held an organizing meeting with these workers and obtained signed authorization cards from 6 of the employees in a proposed unit of 11 employees. One other employee in the unit was already a member of the union (7 out of 11 workers part of the union). On December 8, 1975, Orval Schimmel (union organizer brought in by employees), * a union organizer, advised Thomas Hall, the employer's property manager, that the union represented recognition and bargaining rights (Schimmel stated that union requested recognition on Dec 8, 1975). Hall responded that he had nothing to do with union matters and that the appropriate person with whom to speak was the vice president, Carl Alton. (Carl Anton to handle Union business). On December 8, 1975, after the union had first requested recognition, a maintenance supervisor, Larry Melton, telephoned an employee, George Thompson, at his home and asked if any union people had contacted him. Thompson replied that none had. The next morning Melton entered the maintenance office, where the janitorial employees reported for work, and asked another employee, Alice Coleman...
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...course (and will not be) either in whole or substantial part. TYPE NAME AND DATE HERE: Power is defined as; a person, group, or nation having great influence or control over others; the might of a nation, political organization, or similar group and; forcefulness; effectiveness (Inc., 2011) . A humanist is defined as one who is concerned with the interests and welfare of humans (Inc., 2011). Niccolo’ Machiavelli sought after the power of politics because; he was constantly explaining to individual how to get power and how to hold on to it. He thought,” humanists suppose to believe that individual only grows to maturity, both intellectually and morally through participation in life of the state’ (Machiavelli, 1531, revised 1975, 1981, 1995, 1999). Everyone has their own opinions about him, and his way of life; depending on whom you speak with. His life has some examples and lessons he learn in his life. Through my paper, I intend to examine his ideas on power in politics, morality, and religion based on his political writings and life experiences. Niccolo’ Machiavelli was born on May 3, 1469 to a Bernardo and Bartolomea. They had two other daughters and a son. He was taught grammar, and Latin. Machiavelli was trained young; by a Latin teacher named...
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...such farmland. 2) Federal Tax Regulations, Regulation, §1.351-1., Internal Revenue Service, Transfer to corporation controlled by transferor Click to open document in a browser | Reg. § 1.351-1 does not reflect P.L. 96–589, P.L. 100-647 or P.L. 101-239. | | (a) (1) Section 351(a) provides, in general, for the nonrecognition of gain or loss upon the transfer by one or more persons of property to a corporation solely in exchange for stock or securities in such corporation if, immediately after the exchange, such person or persons are in control of the corporation to which the property was transferred. As used in section 351, the phrase "one or more persons" includes individuals, trusts, estates, partnerships, associations, companies, or corporations (see section 7701(a)(1)). To be in control of the transferee corporation, such person or persons must own immediately after the transfer stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 per cent of the total number of shares of all other classes of stock of such corporation (see section 368(c)). In determining control under this section, the fact that any corporate transferor distributes part or all of the stock which it receives in the exchange to its shareholders shall not be taken into account. The phrase "immediately after the exchange" does not necessarily require simultaneous exchanges by two or more persons, but comprehends a situation...
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...by the Korean and Vietnam wars. This economic growth had a profound impact on the nature of Thai society. Naturally the size of the working class increased as factories and businesses were developed. However, under the dictatorship trade union rights were suppressed and wages and conditions of employment were tightly controlled. By early 1973 the minimum daily wage, fixed at around 10 baht since the early 1950s, remained unchanged while commodity prices had risen by 50%. Illegal strikes had already occurred throughout the period of dictatorship, but strikes increased rapidly due to general economic discontent. The first nine months of 1973, before the 14th October, saw a total of 40 strikes, and a one-month strike at the Thai Steel Company resulted in victory due to a high level of solidarity from other workers. Economic development also resulted in a massive expansion of student numbers and an increased intake of students from working-class backgrounds. The building of the Ramkamhaeng Open University in 1969 was a significant factor here. Student numbers in higher education increased from 15,000 in 1961 to 50,000 by 1972. The new generation of students, in the early 1970s, were influenced by the revolts and revolutions which occurred throughout the world in that period, May 1968 in Paris, being a prime example. Before that, in 1966 the radical journal, Social Science Review, was established by progressive intellectuals. Students started to attend volunteer development...
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...Early Roots in Policing AJS/502 March 14, 2013 Abstract: Early policing was an unorganized concept throughout civilization as rules and laws attempted to be by use armies of various kingdoms and other countries. Over the course of time a thought emerged that a more formal policing of the citizens could be accomplished by the creation of a police model that could free up military personnel while establishing law and order throughout areas with the premise that citizens could be coerced into believing that arrest would be the deterrent while protecting the public at large. This assignment will look at the early roots of policing, a man with a vision that changed the way of thinking that modernized policing in the 1800’s and how the connection is made to the present day, and the challenges and other ways policing is conducted. While history shows us that policing up to the 1820’s in England was an affair of money that was the policing policy of the day. If people were wealthy, they were far more protected from criminal activity than the poor. Although it can be said that policing did have some results that...
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...Chronology of calculator developments. | Year | Major Development | Mechanical Calculators | Electronic Calculators | Ancient times | | The abacus is the main aid to calculation. | | c1600 | | "Napier's bones" invented by John Napier for multiplication, based on the ancient numerical scheme known as the Arabian lattice. | | 1620 | Slide rule. | William Gunter developed a logarithmic rule for multiplication and division using dividers, which was the forerunner of the slide rule. | | 1622 | | William Oughtred invented the circular slide rule, and in 1633 described the rectilinear version. | | 1623 | First mechanical calculator. | Willhelm Schickard invented the "Calculating Clock", the first mechanical calculator. It used a version of Napier's bones for multiplication with a mechanical adding/subtracting calculator based on gears, with mutilated gears for carry. | | 1642 | | Blaise Pascal started to develop a mechanical calculator - the Pascaline. Capable of addition, subtraction was performed by nines-complement addition, and multiplication was performed by repeated additions and subtractions. It had shortcomings and failed to sell. | | c1673 | | Gottfried Leibniz developed the Stepped Reckoner using stepped gear wheels. Performed the 4 functions, but worked erratically due to an error in the carry mechanism, none sold. | | 1820 | | Charles Xavier Thomas's Arithmometer. | | 1851 | | Victor Schilt exhibited a key-driven adding machine...
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...Law: For companies registered after 1 July 1998, there are two choices; do not register a corporate constitution and allow the replaceable rules to automatically apply; or create a specific corporate constitution which will automatically displace the replaceable rules in their entirety or in part (if so stated expressly) . If both the contract and constitution are dependent on each other, then even if the constitution is amended so as to permit dismissal of the director, he can still claim damages arising out of breach of the contract this is evident in the case Carrier Australasia Ltd v Hunt (1939) 61 CLR 534. Hunt sued Carrier for wrongful dismissal and the Supreme Court held that although the company had power to alter its articles it was liable for damages for breach of contract. The constitution does not create a legal relationship between the company and outsiders, and therefore cannot be enforced by an outsider against the company, evidence of this is shown in Eley v Positive Government Security Life Assurance Co (1875) 1 Ex D 20. The corporate constitution could only be enforced by a member if it affected their member status. As the constitution status as company solicitor did not affect him as a member of the company, he could not take action to enforce the constitution to allow him to continue as the company solicitor. Application: Even though a special resolution conforming to all the requirements of the Corporations Act 2001 was passed by shareholders removing...
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