...Case – Drill Exercises* ACCT5910 Business Analysis and Valuation The University of New South Wales School of Accounting Lecturer Dr Peter Vassallo Question 1 Below is Target Corporation’s Income Statement for 2008. 1. Compute Target’s Net Operating Income Before Tax (NOBT). Provide a formal argument for including/excluding “Net Credit Revenues” in Target’s NOBT. Ans: COBT = 5,272 (see spreadsheet) Net credit revenues should be included. While the term”credit” suggests that it is a a financial activity, the firm has control on the conditions it sets its customers. More importantly, the firm will vary those conditions in order to yield best overall ROE. You can see here how the aggregation of assets and activities within the firm is conducive to overall firm value as being greater than the sum of its parts. Hence goodwill. Thus some firms include credit to customers within the value chain portion that the firm that they purposefully occupy – financing customer. We can thus see how all this translates into an opportunity to pursue positive residual earnings. Comment: (1) While you are not told what to do, your instinct should be to get your answer from a reformulation rather than computing a ratio from a formula. Doing so will earn you higher marks because you are being more explicit and efficient in the presentation of your answer. Your answers should show how you are integrating your knowledge. By linking the classificication to ROE, then to Residual earnings, then to...
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...Executive Summary: The aim of this study was to assess the effectiveness of Corporate Social Responsibility (CSR) practices of some local banks and track the performance of these banks with superior ratings for environmental, social and governance practices in Bangladesh and these banks are: Eastern Bank Limited, One Bank Limited and Mutual Trust Bank Limited. The study specifically focused on the extent to which companies practicing CSR complied with basic legal labor standards involving their employees and my marking 0 and 1 (0 for Null for practicing CSR,1 for CSR Practice). The study involved identification of companies providing CSR, obtaining information about the details of the CSR practices adopted at these companies (though looking at their website and interviews few of employees) and an assessment of how well these companies complied with basic CSR standards. The research found that most CSR practicing companies practiced CSR in their own specific way. It was often unclear how much money companies spend on CSR and it also found that many of these companies, whilst providing CSR, did not comply with the law in providing basic labor standards to their employees. The study also showed the comparison among these three banks with graph where graphical technique is informative in the field of statistics used to visualize quantitative data. Statistics and data analysis procedures generally yield their output in numeric or tabular form; graphical techniques allow such...
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...Introduction: The full form of 3G is Third Generation, 3G stands for the third generation network that is presently the most advanced interface available in the field of communication and network. BSNL being a govt. owned company, was the first to introduce this technology in India. 3G provides a great platform that is studded with highly advanced features like : * Better sound quality in calls * High speed data transfer over the internet * High end connectivity * Direct video streaming facility from the internet * Feature of video calling to any 3G enabled mobile phones containing a camera for video calling and many more such features are there. All this is easily available at quite affordable prices. Now that the private companies have also come up with the launch of 3G networks, the charges of this advanced service are been hoped to get down soon. 3G is the next generation feature that provides new aspects to the use of networks for Internet as well as calling purposes. The introductory part of subject under investigation contains the following: * Objectives of the Study * Significance of the Study * Sources of the study * Reason of choosing customer satisfaction of GP * Methodology of the study * Limitations of the Study Objectives of the study: This Program was designed to accomplish some objectives. The objectives were identified through a closer interaction and exchange of views with the users of 3G. The objectives are: * Application of...
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...Nonvolatile BIOS memory - CMOS [pic] CMOS Battery in a Pico ITX motherboard Non-volatile BIOS memory refers to the memory on a personal computer motherboard containing BIOS settings and sometimes the code used to initialize the computer and load the operating system. The non-volatile memory was historically called CMOS RAM or just CMOS because it traditionally used a low-power CMOS memory chip (the Motorola MC146818, or one of its higher-capacity clones), which was powered by a small battery when the system power was off. The term remains in wide use in this context, but has also grown into a misnomer. The non-volatile BIOS storage in contemporary computers might be in an EEPROM or flash memory chip and not in a volatile CMOS RAM. In these cases, the battery back-up is meant to keep the RTC chip synchronized. The NVRAM normally has a storage capacity of 512 Bytes, which is enough for all BIOS-settings. CMOS mismatch CMOS mismatch errors typically occur if the computer's power-on self-test program: 1. Finds a device that is not recorded in the CMOS. 2. Does not find a device that is recorded in the CMOS. 3. Finds a device that has different settings than those recorded for it in CMOS. 4. Detects a CMOS checksum error. [1] [2] CMOS battery [pic] Type CR2032 button cell, most common CMOS battery. The memory and real-time clock are generally powered by a CR2032 lithium coin cell. These cells last two to ten years, depending on the type of motherboard...
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...THE FIRST FILIPINO Republie of the Philippines Department of Education & Culture NATIONAL HISTORICAL COMMISSION Manila FERDINAND E. MARCOS President Republic of the Philippines JUAN L. MANUEL Secretary of Education & Culture ESTEBAN A. DE OCAMPO Chairman DOMINGO ABELLA Member HORACIO DE LA COSTA, S. J. Member GODOFREDO L. ALCASID Ex-Oficio Member TEODORO A. AGONCILLO Member EMILIO AGUILAR CRUZ Member SERAFIN D. QUIASON Ex-Oficio Member FLORDELIZA K. MILITANTE Exccutive Director RAMON G. CONCEPCION Chief, Administrative Division BELEN V. FORTU Chief, Budget & Fiscal Division JOSE C. DAYRIT Chief, Research & Publications Division AVELINA M. CASTAÑEDA Chief, Special & Commemorative Events Division ROSAURO G. UNTIVERO Historical Researcher & Editor EULOGIO M. LEAÑO Chief Historical Writer-Translator & Publications Officer GENEROSO M. ILANO Auditor JOSE RIZAL (1861-1896) THE FIRST FILIPINO A Biography of José Rizal by LEÓN Ma. GUERRERO with an introduction by CARLOS QUI R INO ( Awarded First Prize in the Rizal Biography Contest held under the auspices of the José Rizal National Centennial Commission in 1961) NATIONAL HISTORICAL COMMISSION Manila 1974 First Printing 1963 Second Printing 1965 Third Printing 1969 Fourth Printing 1971 Fifth Printing 1974 This Book is dedicated by the Author to the other Filipinos Speak of me as I am; nothing extenuate, Nor set down aught in malice, Shakespeare: °the/Lo. Paint my picture truly like me, and not flatter me at all ; but...
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