...| 361214.4 | 352872 | | SUMMARY OUTPUT | | | | | | | | 367,286 | 3 | 102 | 602,450 | 269,563 | 72172.8 | 457732 | | | | | | | | | | | 429,432 | 4 | 107 | 553,151 | 266,349 | 645312 | 254396 | | Regression Statistics | | | | | | | | 347,874 | 5 | 119 | 646,752 | 169,020 | 574752 | 259952 | | Multiple R | 0.963494738 | | | | | | | | 435,529 | 6 | 104 | 880,507 | 408,304 | 650832 | 267368 | | R Square | 0.92832 | | | | | | | | 299,403 | 7 | 107 | 118,265 | 379,090 | 910252.8 | 158504 | | Adjusted R Square | 0.91783 | | | | | | | | 296,505 | 8 | 81 | 225,294 | 243,981 | 44678.4 | 430012 | | Standard Error | 34733.11735 | | | | | | | | 426,701 | 9 | 113 | 52,667 | 968,780 | 197275.2 | 388516 | | Observations | 48 | | | | | | | | 329,722 | 10 | 97 | 16,187 | 940,079 | 45076.8 | 225616 | | | | | | | | | | | 281,783 | 11 | 95 | 10,334 | 372,523 | 4521.6 | 1042304 | | ANOVA | | | | | | | | | 166,391 | 12 | 65 | 3,565 | 132,332 | 8726.4 | 974092 | | | df | SS | MS | F | Significance F | | | | 629,404 | 13 | 113 | 2,370,999 | 18,902 | 3225.6 | 301892 | | Regression | 6 | 6.40597E+11 | 1.06766E+11 | 88.50057549 | 7.20284E-22 | | | | 263,467 | 14 | 98 | 360,028 | 287,484 | 2633779.2 | 76148 | | Residual | 41 | 49461967067 | 1206389441 | | | | | | 398,320 | 15 | 102 | 156,431 | 649,021 | 253531.2 | 0 | | Total | 47 | 6.90059E+11 | | | ...
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...Accounting 1A | Reg / Core / regular | 4.00 | C | 8.00 | | | ORIE | 100 | Orientation | Reg / Core / regular | 0.00 | S | 0.00 | | | RELT | 215 | Philosophy of Christian Education | Reg / Core / regular | 2.00 | | 0.00 | | | MGMT | 155 | Principles of Management | Reg / Core / regular | 3.00 | B+ | 7.00 | | | ECON | 215 | Principles of Microeconomics | Reg / Core / regular | 3.00 | C+ | 6.99 | | | EDUC | 101 | Work Education | Reg / Core / regular | 0.00 | | | | | | Core Cumulative, Cred: 15.00, GPA: 2.14 | Period Total: | 15.00 | GPA= | 2.14 | | | 2013 2nd Semester :: Main Campus | Mode / Type / Cond | Crd. | Grd. | Qpt. | | | MATH | 182 | Business Calculus | Reg / Core / regular | 3.00 | | | | | COMM | 102 | Communication Skills | Reg / Core...
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...expanding the business and was well aware that future growth would have to be funded with external funds. What was worrying Andre was the fact that over the past two years, the store’s net income figures had been negative, and his cash flow situation had gotten pretty weak (See Tables 1 and 2). He figures that he had better take a good look at his firm’s financial situation and try to improve it, if possible, before his suppliers found out. He knew fully well that being shut out by suppliers would be disastrous! Andre’s knowledge of finance and accounting, not unlike many small businessmen, was very limited. He had often entertained the thought of taking some financial management courses, but could never find the time. One Day, at his weekly bridge session, he happened to mention his problem to Tom Andrews, his long time friend and bridge partner. Tom had often given him good advice in the past and Andre was desperate for a solution. “I’m no finance expert,...
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...Does your career plan include a world of lifelong success? Program of Professional Studies THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION OF BRITISH COLUMBIA We see more than numbers. Choose a career that places you on the path to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected...
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...MINI – CASE ASSIGNMENT Facebook 1. What is the name of the company? What is the industry sector? Facebook Inc. is a multi-billion dollar company in the Internet informational providers, technology (IT) industry. Facebook Inc. is one of the leading an online social networking service in the world and is continuing to grow as the front-runner in their industry. 2. What are the operating risks of the company? No company with no operational risks to consider. Operational risk is the prospect of loss resulting from inadequate or failed procedures, systems or policies. The operating risks for Facebook Inc. include: Facebook's ad revenue growth While the company's advertising model seems to be delivering great results, there are still reasons for a more cautious assessment. Mobile advertising is booming, and accounts for roughly two-thirds of Facebook's revenue, but sales conversion for traditional products from mobile ads remains low compared to desktop alternatives, and it's unclear whether there will be significant improvement on this front.On the other hand, app install ads have proven to be effective, but the company has chosen not to give a breakdown on how much revenue.(The Motley Fool) Facebook could be disrupted by competing social networks Three social media networks competing with Facebook GOOGLE+ Launched in 2011, the service looked to offer a cleaner, more user-friendly alternative to Facebook. At the time, the latter was drawing torrents of...
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...credit rationing, however, the recent financial crisis, known as 'Global Financial Crisis', the banks have faced trouble in financing themselves (Agur 2012). According to Hull (2009) global financial crisis was created by residential mortgages and its related products, for example, multiple level of securitizations. However, covered bonds which backed by residential and commercial mortgages or public sector loan could be the efficient tool to bank in financing themselves for credit crunch in turbulent times. This essay will identify the advantages and disadvantages of covered bonds and then it will critically analyse whether covered bond is efficient debt instrument to get fund in turbulent times or just one of the products of banks to get finance. According to Vonhoff and Prokopczuk (2012) covered bonds were established in eighteenth century in Europe but its potential development has started in late 1990s (Schwarcz 2011). Covered bond is one of the debt instruments and the investors of covered bonds are protected by high valuable collateral which are the 'cover pool' of mortgages and 'public sector loan' in case of default (Prokopczuk, Siewert & Vonhoff 2013). Even though, covered bond is already one of popular debt securities in European securities market, it is almost new debt security to the rest of the markets of other countries, such as the securities market of USA (Schwarcz 2013). However, the recent severe financial crisis is could be one of the main reasons to use...
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...At times, institutions including the government may have developmental projects and need to finance these projects. These institution will obtain credit by selling bonds. Prices obtained from selling of bonds are considered loans. Institutions that issued bonds have to make payments on the bonds in the future. This payment is with an interest rate and the rate is determine depending on the price of the bond. For example the government of the United States may need money for new roads construction. It will issue bonds of $ 1000 each and offer them for sale at the highest price per year. If the highest price paid is $ 900 and the government accept, each bond will be in effect and with an obligation to repay buyers $ 1000 at a specified period. Buyers of these bonds are being paid $ 100 for the service of lending $ 1000 for a year. In this...
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...CHAPTER 14 – LONG-TERM LIABILITIES [pages 782-840`] LEARNING OBJECTIVES 1. Describe the formal procedures associated with issuing long-term debt. 2. Identify various types of bond issues. 3. Describe the accounting valuation for bonds at date of issuance. 4. Apply the methods of bond discount and premium amortization. 5. Describe the accounting for the extinguishment of non-current liabilities. 6. Explain the accounting for long-term notes payable. 7. Describe the accounting for the fair value option 8. Explain the reporting of off-balance-sheet financing arrangements. 9. Indicate how to present and analyze long-term debt. *10. Describe the accounting for a debt restructuring. *Material covered in Appendix I. Overview – Long-term Liabilities (Bonds and Notes Payable) A. What is long-term debt? 1. probable future sacrifices of economic benefit 2. payable in the future, normally beyond one year or operating cycle whichever is longer 3. Examples: bonds payable, long-term notes payable, mortgage notes payable (topics of this chapter), pension liabilities and lease obligations. B. Why issue long-term debt (as opposed to equity)? 1. May be only source of funds 2. Lower cost 3. Interest payments are tax deductible 4. Creditors have no right to vote 5. Takes advantage of financial leverage II. Bonds Payable A. Contract (obligation)...
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...E-Bikes Case Analysis: E-Bikes Offer Exercise and Environmental Consciousness The bicycle industry is exploring new ways to be both environmentally and user friendly. Taking their lead from electric cars, companies like Schwinn are marketing a line of electric bikes (e-bikes) that have a motor and batteries. E-bikes require significantly less effort than traditional bikes and can go up to 25 mph. The e-bike’s motor is quiet and produces zero carbon emissions. E-bike sales are projected to increase in America as people become more environment and health conscious. Some companies with a long history of producing traditional bikes such as Schwinn are creating a division within the corporation to focus on e-bikes. Other companies such as Ultra Motor Company Limited have chosen to focus solely on e-bikes. This paper will discuss the advantages of private corporations and public corporations related to emerging products such as e-bikes. This paper will also address potential disadvantages of operating as a sole proprietorship for a growing business such as e-bike manufacturing and distribution. The advantages and disadvantages of the different forms of business ownership need to be explored to determine the best fit for a business. 1. Ultra Motor Company Limited is a private corporation. What are the advantages of being private and not being traded on a stock exchange? As a result of the Securities Exchange Act of 1934, companies that are traded on a stock exchange...
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...Business Systems Research Vol. 3 No.1. / June 2012 The impact of liquidity on the capital structure: a case study of Croatian firms Nataša Šarlija Faculty of Economics, J.J. Strossmayer University of Osijek, Osijek, Croatia Martina Harc Institute for Scientific and Art Research Work, Croatian Academy of Science and Art, Osijek, Croatia Background: Previous studies have shown that in some countries, liquid assets increased leverage while in other countries liquid firms were more frequently financed by their own capital and therefore were less leveraged. Objectives: The aim of this paper is to investigate the impact of liquidity on the capital structure of Croatian firms. Methods/Approach: Pearson correlation coefficient is applied to the test on the relationship between liquidity ratios and debt ratios, the share of retained earnings to capital and liquidity ratios and the relationship between the structure of current assets and leverage. Results: A survey has been conducted on a sample of 1058 Croatian firms. There are statistically significant correlations between liquidity ratios and leverage ratios. Also, there are statistically significant correlations between leverage ratios and the structure of current assets. The relationship between liquidity ratios and the short-term leverage is stronger than between liquidity ratios and the long-term leverage. Conclusions: The more liquid assets firms have, the less they are leveraged. Longterm leveraged firms are more...
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...exchanged damages. - Group charge based margin up by 1.5%pts to 44.7%, proved beneficial from solid development in our scale markets. They have decided to keep contributing for long term development in developing and expanding markets in 2015. - Year-end net obligation of $1,533m (counting $218m fund rent on InterContinental Boston) is up from $380m on 2013 because of the arrival of trusts to shareholders, partial offsets by continues from resource disposals. - - Year-end borrowings position speaks to a net obligation/ EBITDA degree of 2.1x, 2.6x on a proforma premise including the $430m procurement of Kimpton in January 2015. (Investigate, 2015) Stock market performance comparison Whitbread vs. Intercontinental Hotels Group (Google Finance, 2015) The board is ultimately accountable for risk management across the organisation. It is supported by the audit committee, the executive committee and other delegated committees who collectively set the tone and appetite for risk management at IHG. This is cascaded down to the day-to-day activities of IHG corporate offices and hotels through well-established and continuously improving policies, processes, systems and controls which set out clear accountability, and are supported by tools, training and communication to ensure risks are effectively managed. Risks are further distinguished, surveyed, relieved and observed by functional specialists and, where regarded important, intermittently looked into by internal and outside evaluators...
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...Project Finance Module NATIONAL STOCK EXCHANGE OF INDIA LIMITED Dtp-Sys-9\D:\F\2012\F-902-12-Project_Finance/F-902-12-Project_Finance.indd Test Details: Sr. No. Name of Module Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks (%) Certificate Validity 1 Financial Markets: A Beginners’ Module * 1686 120 60 100 50 5 2 Mutual Funds : A Beginners' Module 1686 120 60 100 50 5 3 Currency Derivatives: A Beginner’s Module 1686 120 60 100 50 5 4 Equity Derivatives: A Beginner’s Module 1686 120 60 100 50 5 5 1686 120 60 100 50 5 1686 120 60 100 50 5 7 Interest Rate Derivatives: A Beginner’s Module Commercial Banking in India: A Beginner’s Module Securities Market (Basic) Module 1686 120 60 100 60 5 8 Capital Market (Dealers) Module * 1686 105 60 100 50 5 9 Derivatives Market (Dealers) Module * 1686 120 60 100 60 3 1686 120 60 100 60 5 1686 120 60 100 60 5 12 FIMMDA-NSE Debt Market (Basic) Module Investment Analysis and Portfolio Management Module Fundamental Analysis Module 1686 120 60 100 60 5 13 Financial Markets (Advanced) Module 1686 120 60 100 60 5 14 Securities Markets (Advanced) Module 1686 120 60 100 ...
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...1) Financial management deals with 2 things, managing a company’s finances and: RAISING MONEY 2) Which of the following was not identified as 1 of the 4 main financial objectives of a firm? TIMELINESS 3) The 4 main financial objectives of a firm are: PROFITABILITY, LIQUIDITY, EFFICIENCY, STABILITY 4) Match the financial objective with the correct definition: STABILITY/ THE OVERALL HEALTH OF THE FINANCIAL STRUCTURE OF THE FIRM, PARTICULARLY AS IT RELATES TO ITS DEBT-TO-EQUITY RATIO 5) … is a company’s ability to meet its short-term financial obligations LIQUIDITY 6) A company’s ability to productively utilize its assets relative to its revenue and its profits is referred to as: EFFICIENCY 7) Southwest Airlines uses its assets very productively. Its turnaround time, or the time that its airplanes sit on the ground while they are being loaded and unloaded, is the lowest in the airline industry. In terms of the primary financial objective of a firm, this attribute is a measure of Southwest’s: EFFICIENCY 8) … are projections for future periods based on forecasts and are typically completed for two to three years into the future: PROFORMA FINANCIAL STATEMENTS 9) A(n) … is a snapshot of a company’s assets, liabilities, and owner’s equity at a specific point in time BALANCE SHEET 10) Real estate, buildings, equipment and furniture are classified as … on a company’s balance sheet. FIXED ASSETS 11) Cash plus items that are readily convertible to...
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...RISK MANAGEMENT IN ISLAMIC BANKING AND FINANCE: THE ARAB FINANCE HOUSE EXAMPLE Bilal A. Fleifel A Thesis Submitted to the University of North Carolina Wilmington in Partial Fulfillment of the Requirements for the Degree of Master of Business Administration Cameron School of Business University of North Carolina Wilmington 2009 Approved By Advisory Committee Howard Rasheed Cetin Ciner William H. Sackley Chair Accepted By DN: cn=Robert D. Roer, o=UNCW, ou=Dean of the Graduate School & Research, email=roer@uncw. edu, c=US Date: 2010.01.21 15:02:51 -05'00' ________________________ Dean, Graduate School TABLE OF CONTENTS TABLE OF CONTENTS ..................................................................................................... ii ABSTRACT........................................................................................................................ vi ACKNOWLEDGMENTS .................................................................................................. vii DEDICATION .................................................................................................................. viii LIST OF TABLES .............................................................................................................. ix LIST OF FIGURES...............................................................................................................x GLOSSARY .............................
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...Project Financing Asset-Based Financial Engineering Second Edition JOHN D. FINNERTY, Ph.D. John Wiley & Sons, Inc. Project Financing Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation, and financial instrument analysis, as well as much more. For a list of available titles, visit our Web site at www.WileyFinance.com. Project Financing Asset-Based Financial Engineering Second Edition JOHN D. FINNERTY, Ph.D. John Wiley & Sons, Inc. Copyright C 2007 by John D. Finnerty. All rights reserved Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. Wiley Bicentennial Logo: Richard J. Pacifico No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States...
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