...& How it was Committed The securities industry is governed by the Securities Exchange Commission, which exists in part to ensure that the capital markets are trustworthy. When investor trust in the markets is compromised, this makes it more difficult for firms to raise capital. Thus, it is imperative for any country to have securities regulators that ensure a fair and honest capital market system, including the stock market. There are many ways to commit fraud in the stock market, one of which is the pump and dump scheme that Stratton Oakmont committed. The principle is fairly simple. The company buys a large quantity of penny stocks. They then use their brokers to cold call people and convince them to invest. These people, who are usually fairly wealthy but not sophisticated investors, are convinced to put their money into this worthless penny stock. The influx of capital starts to push the stock price upward, so the investors are convinced that this is a good investment – that they are seeing the gains they were promised materializing. Then, when a large enough amount of capital has been gathered, the investment house begins to sell its shares. It does this quietly, so that it is difficult to detect. It sells these shares at a premium, because of the influx of the buyers. After it sells its stake, there are still many buyers left holding shares, which are no worthless. The brokerage has artificially inflated the stock price of a security that had basically no...
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...is positive things, but they also need the truth of the situation. research and sincerity are key factors to expressing understanding towards sensitive subjects. People want to know that not only is the speaker trying to educate them on the situation but is compassionate to each individuals feelings. The sincerity has to come from actually researching and identifying what issues the listener may be facing. Going into the enviornment of versatile backgrounds and upbringings it is good to be diverse and open-minded. Approach the audience with ways to rebuild and move forward. Tips to take steps forward are a good way to show the audience that in a time of need, a great way to deal with it is to start planning the next step. Learning the importance of having...
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...Sample Essay on Financial Planning It is vitally important for the individual to set up a personal financial plan in order not to experience hardships and financial difficulties in the future. Financial plan assure financial stability and financial freedom that one wants to possess till the end of his/her life. The following essay will speak about the role of the financial planning for the retirement years and will state that people without financial plans face substantial pain/suffering/unhappiness in their retirement years. The process of developing a sound financial plan is a routine process that indeed involves not only careful financial analysis of the person’s current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. Thus, in order for the plan to remain of use for the person and not a fortune for financial advisors, one has to make it user-friendly and elaborate. For example an article How to manage your money, noted that one is not able to compete well without the resources and thus has to read a lot about the market (Macklem, Katherine, 2004). One should weigh all the pros and cons of mutual funds namely, criteria for selecting stocks, the fund managers, and track record. Katherine Maclem (2004) states...
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...Effects of the trend and how it will meet goals OS has a on the rise in software and it is progressively changing the software business. Most of the profits in the software business come from custom-made software, the rest from so called 'shrink-wrapped' software. Companies selling this 'shrink-wrapped' software will be affected by OS most. When there is an abundance of potential customers for a specific product, it’s a good sign that there are a lot of people attracted in an OS-alternative which will improve the chances for the development. And the companies that now have a monopoly position in the industry will see more and more competition that they are not used to. There are countless unhappy closed source customers that are anxious to switch to open source products. Consequently, now programmers have the drive to develop it. Microsoft, with its monopoly of Windows, Office, and Internet Explorer, and its questionable business methods, is a major 'target'. Most people use Microsoft Windows, often because that is what everyone knows and mostly simply unaware of OS alternatives especially since Windows is pre-installed on their machine. MS has spent a lot of money on their marketing strategy and also created an environment that if people didn’t use MS problems would occur. Microsoft is even consciously breaking the law today in effort to maintain their monopoly position regardless of the enormous amounts of money it pays for lawyers and fines. Microsoft has already...
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...Pay-day – день зарплаты Bonus – премия, премиальные A bonus job – работа с премиальным вознаграждением Royalties – авторский гонорар, отчисления автору пьесы Wages – заработная плата He gets good wages - он хорошо зарабатывает A living wages – прожиточный минимум Tips – деньги на «чай» Commission – комиссионные Basic earnings – основной доход, заработок Extras – дополнительный доход College grant - стипендия Scholarship - стипендия Child benefit – детское пособие Maternity benefit – пособие по беременности и родам Pension - пенсия Dole money – подаяние, пособие по безработице He is on the dole - он безработный Unemployment benefit - пособие по безработице Dividend on the shares – дивиденды на акции Interest on savings – процент от сбережений To pay interest on the loan – платить проценты по займу Rate of interest – процентная ставка At a high rate of interest – под большие проценты Tax rebate – налоговая скидка,...
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...For this course project I have decided to choose The Boys and Girls Club of Metro Atlanta. Today in 2014 I currently stay in the outskirts of Atlanta, GA and I am a product of The Boys and Girls Club. After I graduated from Clark Atlanta University in 2006, I then started a paid internship with The Boys and Girls Club of Metro Atlanta. From past experience until this very day there needs to be more strict background checks implemented when it comes to the basis of hiring volunteers and employees. If a stronger hiring process is not implemented I really feel that this location of the Boys and Girls in Metro Atlanta will be in a crisis because the wrong individual(s) were perhaps mentoring young adolescents that shouldn’t be. If this continues this could ultimately crush the dreams and aspirations of young mind. Today in 2014 there is a new generation when it comes to technology, and it’s improving each and every day of our lives. So it wouldn’t be a bad idea to take opinions and suggestions from the public within the community area of Metro Atlanta. Atlanta isn’t really a big place for the most part, and everybody knows everybody as it may seem scarily strange. These surveys could deliver information about the needs of The Boys and Girls Club of Metro Atlanta, a comments section for the public, and ideas and information that they can share to better the individuals that mentor the young adolescents within the community. So the question is are the children safe and can parents...
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...Deposit Management Practices Of Bank Deposit Mangement: Deposit management consists of acquisitions of stable and low cost deposit for the banking business. Banks are not only dealers in money but also manufacturers of credit money. It is in the sense of manufacturing that the concept of credit creation is used. Similarly deposit creation is an important function of commercial banks. Without deposit they cannot lend at all. When the banks receive cash from customers, deposit are created . These deposits may be current, saving or fixed. Depositors choose the types on the basis of their needs and requirements like; safety, convenience or earning. People deposit their income in commercial banks because bank vault are safer that home coffers. The bank attracts deposits from the people either by means of offering interests or facilities. Business people want seek for facilities rather than interest. Non business people generally select deposits having interests. The type and characteristics of deposits are constantly changing as banks are offering new product to attract new consumers. unlike the past, people are nowadays more aware and have confidence on banks on such the banking habit growing gradually. Deposit management involves the collection of adequate bank deposits required for the efficient and effective operation of banking business. Deposit management doesn’t merely concern with the high volume but also with low cost as well and its stability so as to produce competitive...
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...Term Paper Social Media Target Corporation Introduction Social Media has really transformed since May 9, 1961 when George Dayton, Founder of Target Corporation placed and ad in the Minneapolis Tribune announcing future plans for a new retail chain store. The article expressed that the store will have the best of the fashion world with the best of the discount world. Even without the store having its official name, Stewart Widdess, former Director of Publicity, knew the importance of media and getting customers excited about the opening of a new discount store. Throughout Target’s years of growth, targeting key products, target markets, development, and branding, they know what is needed to connect with their consumers and to keep them returning to experience the Target brand. Key Products Target has continued to offer their customers with key products at a discounted rate. The company has really evolved since they first opened in Minneapolis in 1962. They offer a wide variety of products ranging from a photography center, grocery store, jewelry department, personal care department, and electronics department. Target, from the very beginning liked the concept of being able to provide all your family, personal, and home care needs at a discounted rate. In 1995, Target introduced Archer Farms to their store locations. Archer Farms is a premium line of grocery products designed exclusively for Target. In the same year, they also launched their...
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...performance. I am beginning to expect the worst. If the accountants said I saved the company a dollar, I’m called Sir, but if I spend even a little too much- boy do I get in trouble. I don’t know if I can hold on until I retire.” Tom had just been given the worst review he had ever received in his long career with Ferguson & Son. He was the most respected of the experienced machinists in the company. He had been with Ferguson & Son for many years and was promoted to supervisor of the machine shop when the company expanded and moved to its present location. The president (Robert Ferguson, Sr.) had often stated that the company’s success was due to the high quality of the work of the machinists like Tom. As a supervisor, Tom stressed the importance of craftsmanship and told his workers that he wanted no sloppy work coming from his department. When Robert Ferguson, Jr. became the plant manager, he directed that monthly performance comparisons be made between actual and budgeted costs for each department. The departmental budgets were intended to encourage the supervisor’s to reduce inefficiencies and to seek cost reduction opportunities. The company controller was instructed to have his staff “tighten” the budget slightly whenever a...
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...a *6173350000215* 6173350000215 Student ID: 15891048 Student ID: 15891048 Student Name: Snehal Prabhavalkar Programme Code: AK3711 Programme Description: Postgraduate Diploma in Professional Accounting Class Code: ACCT862/11 Class Description: Taxation in New Zealand (Was 368905) Assignment: Assessment1 Due Date: 26-Jan-2016 Lecturer: Ranjana Gupta Declaration - This assessment has been written by me and represents my own work. - This work has not previously been submitted by myself or anyone else. - All sourced information has been appropriately acknowledged and referenced. - I have maintained and will continue to maintain the confidentiality of any persons/organisations referred to in this assessment. - I permit this assessment to be copied for academic processes (such as moderation). - I have retained a copy of this assessment electronically. Signature ………………………………. Date …………………………. IntroductionIntroduction of anti-avoidance provisions takes very back in time of 1878, since then the legislation has been twisted many times to ensure interpretation and solicitation against potential treats of tax avoidance. Tax avoidance provisions are illustrated in section BG1, GA1 and YA1 of Income Tax Act (ITA) 2007 closely read with applicable sections of Tax Administrative Act 1994. The report aims to throw light on Tax Avoidance by briefly analysing facts of arrangements and it tries to determine whether...
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...The Blue Sweater: Bridging the gap between rich and poor in an interconnected world By Jacqueline Novogratz Published by Harper Collins Pages: 314, $14 Jacqueline Novogratz is an American woman with a dream to ‘change the world’. In this book she engagingly narrates the story of her life from the time she began working in Africa to the success of the Acumen fund, a charity that she established. (Novogratz, 2011, Pg 298) ‘Solutions to poverty must be driven by discipline, accountability, and market strength, not easy sentimentality - many of the answers to poverty lie in the space between the market and charity’. In a world where (Koga,2013) charity means giving money away to the poor, Novogratz addresses the reason many of the traditional charities have been unable to completely eliminate poverty. Her idea is to bring about a more sustainable change by using what Novogratz(2011) calls ‘Patient capital’. (Anderson, 2011)This concept was later chosen by Forbes as one of the most powerful ideas of the year 2011. (Novogratz, 2011) In the first few days of her arrival in Africa, Novogratz is plagued by resistance both to her American-ness and the changes that she suggests. After numerous struggles, her tremendous resilience finally gains her acceptance in a microfinance start-up, Duterimbere. In the fledgling organization a lot is learned through trial and error and her passion for work shines through, even during the many challenges thrown at her. Here, for the first...
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...solution as another theory, he tells the reader in so many words that they are wrong. In this paper, I will argue that Singer fails to establish that we are morally required to give to charity. In Peter Singer’s paper he makes the claim that we ought to give up any surplus money we might have and send it to places like Bengal to prevent people from suffering or dying. However, is this really something we are obligated to do? Peter Singer relies on two main principles that help him establish his conclusion. The first principle state that, “…suffering and death from lack of food, shelter, and medical care are bad” and that “if it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable more importance, we ought, morally, to do it” (605). The first principle is most likely unable to be refuted as almost everyone can agree that suffering and death has nothing to do with good. Now the second principle can be explained by the example Singer gives that if you were in a situation where you were walking past a pond and see a child drowning you ought to pull the child out resulting in wet or muddy clothes, which in no means outweighs the death of a child. In other words, preventing something bad will always compensate ruining a materialistic thing or spending money on something insignificant. Peter relying on these two principles helps Singer establish his conclusion at the end of his argument. He first states that there are people in East...
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...Case Study 1 Trader Joe’s Keeping a Cool Edge The average Trader Joe’s stocks only a small percentage of the products of local supermarkets in a space little larger than a corner store. How did this neighborhood market grow to earnings of $9 billion, garner superior ratings, and become a model of management? Take a walk down the aisles of Trader Joe’s and learn how sharp attention to the fundamentals of retail management made this chain more than the average Joe. Ruaridh Stewart/Zuma Press From Corner Store to Foodie Mecca In more than 365 stores across the United States, hundreds of thousands of customers are treasure hunting.1 Driven by gourmet tastes but hungering for deals, they are led by cheerful guides in Hawaiian shirts who point them to culinary discoveries such as ahi jerky, ginger granola, and baked jalapeño cheese crunchies. It’s just an average day at Trader Joe’s, the gourmet, specialty, and natural-foods store that offers staples such as milk and eggs along with curious, one-of-a-kind foods at below average prices in thirty-odd states.2 With their plethora of kosher, vegan, and gluten-free fare, Trader Joe’s has products to suit every dietary need.3 Foodies, hipsters, and recessionistas alike are attracted to the chain’s charming blend of low prices, tasty treats, and laid-back but enthusiastic customer service. Shopping at Trader Joe’s is less a chore than it is immersion into another culture. In keeping with its whimsical faux-nautical theme, crew...
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...discussion: When defining your content, marshalling your arguments, and developing your structure, try to meet the following criteria: Beginnings should: 1. Gain the audience's attention and focus it on your topic. 2. Explain why the topic is important, timely, or otherwise of interest. 3. Indicate the point of view you will take or suggest your conclusion. 4. Establish a relationship of mutual respect with your audience. Middles should: 1. Develop your main argument by identifying and addressing its component parts. 2. Address subtopics according to their level of importance (either ascending or descending). 3. Clearly signal how each part of your argument fits into the whole. 4. Acknowledge and neutralize reasonable alternative proposals. Endings should: 1. Show how your evidence and arguments lead to your conclusion. 2. Emphasize the importance of your proposal. 3. Show how the expectations raised in your...
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...Money Importance of Money Money is an essential and basic necessity in a modern economy. In the beginning of human existence, human needs were so simple that they could be satisfied by barter system , i.e., exchange of goods for goods. In baster system, an individual produces some goods in greater quantity than what he could consume and then exchanges the extra units with another individual for something he needed in return. Barter system suffered from lack of double coincidence of wants, lack of common measure of value, difficulty in stored of extra goods and indivisibility of goods. The main advantage of using money is that it decomposes a single barter transaction into two separate transaction of Sale andPurchase. People can hold their wealth in the form of money as a generalised purchasing power which can be utilised to buy goods and services as and when they desire. Money s a pivot around which the whole economy revolves. It alone has the power to buy things directly in the market. It does not require to be spent. All economic system-Capitalist, Socialist and Maixed-need money. 1. Money may not produce anything, but without it, nothing can be produced. 2. With the help of money, consumers make payment for goods and services. 3. With the help of money, producers can but raw material, plant and machinery. They can settle their debts and pay corporate taxes. 4. Money has contributed to economic growth all over the world because it has removed trade barriers...
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