...Acc/290 week 9 9/24/14 Oscar Ledesma PepsiCo a highly recognize beverage distributor. The company started up in late 1800 in a drug store and its original name was “Brad’s Drink”. The company launch “Brad’s Drink” into the market in 1898 which would later change the drink name to Pepsi. It is an enormous company which has numerous assets as well as liabilities and that also has various investors as well as creditors that do not mind working with this company because the company runs a good business. To companies like PepsiCo their current assets are very significant. In the company’s balance sheet “current assets” are the assets that the company will anticipate turning into currency or will consume inside the first year or one operating cycle whatever is longer. For most of the businesses, recent assets will be on a one year cycle in the balance sheet. Companies could use their assets to help their routine operation like paying their current expenses. A company type of current assets includes currency, bankable bonds, stocks, account receivable, prepaid expense as well as any additional liquid assets that the company can turn into cash quickly. However, according to Kimmel, Weygandt and Kieso 2011, companies, usually, will arrange their current assets in the order in which they believe they will turn into cash. The correct order for a company to list their assets is in the following Way: currency, (2) provisory...
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...A CRITICAL APPRAISAL ADJUSTMENT PROGRAMME IN NIGERIA Structural Adjustment is the Wrong Policy F. E. Ogbimi* he incorrect perception of a problem can lead to the development of poor theories to solve it. This explains why, a decade after implementing Structural Adjustment Programs (SAP) advanced by the World Bank and the International Monetary Fund (IMF), many African countries have still not made measurable progress. Africa is much worse off today than it was a decade ago because African economists and the world bodies have a poor perception of the African economic problem and so designed SAP—a program which cannot stimulate growth. Why do Structural Adjustment Programs lack growth elements and what should be done to stimulate rapid development? Introduction Most African nations are implementing SAP, an economic `panacea' inspired by the World Bank and the IMF. The objectives of a Structural Adjustment Program are largely the same for most African nations, because the world bodies presume that African economies are at the same level of development and are experiencing similar problems. The stated objectives of the Nigerian SAP are to: • restructure and diversify the productive base of the economy • achieve fiscal stability and positive balance of payments • set the basis for a sustained non-inflationary or minimal inflationary growth, and • reduce the dominance of unproductive investments in the public sector.1 The corresponding program instruments include...
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...HUE UNIVERSITY OF FOREIGN LANGUAGE ENGLISH DEPARTMENT REPORT ON PRATICAL TRAINGING COURSE PLACE: MUONG THANH HUE HOTEL. STUDENT: LE THI HAO CLASS: ANHK9E STUDENT’S ID: 1275110048 HUE, JANUARY 20, 2016 ACKNOWLEDGEMENT For weeks of practice at Muong Thanh Hue Hotel was really a short time. However, I have received a lot of precious experiences that I find very helpful for my job in the future. The time of the practice training course was finished and I have gained precious knowledge as well as experience than I expected. Firstly, I would like to express my gratitude to all my teachers of English Department who have supplied me with fundamental knowledge during last for years. Secondly, I would like to express my sincere thanks to Mrs Thuy Vy, the Director and to all the employees in Muong Thanh Hue Hotel, especially the receptionists and the restaurant who gave a zealous help and created chances for me to contact many foreigners as well as gave me a chance to practice what I have already learned at university. Last but not least, I am deeply thankful to all people helping and guiding me during my internship time and I will like to send my warm acknowledgement to all teacher at college of foreign language, who read my report . Hue, January 20th, 2016 Student: Le Thi Hao I. GENARAL INTRODUCTION OF MUONG THANH HUE HOTEL. Muong Thanh Hue Hotel is situated on the banks of one of the most beautiful Rivers of Vietnam and in the heart of Hue, proudly...
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...Abercrombie & Fitch Marketing Assignment Executive Summary Established in 1892, Abercrombie & Fitch marketing strategy has always been to target those between the ages of 18 and 22. A&F’s gross sales have been $539 million in 2008; however sales have dropped by 5% from the previous year due to the recession. In order for sales to improve our marketing consulting team has developed an internal analysis, which identifies, assesses, predicts, and accommodates the human resources, technology, finances and operations that A&F possesses. The internal analysis explains how these possessions, which have helped the organization until present time, can be used to help increase sales during this recession. Furthermore, the report analyzes A&F externally showing what kind role each factor, such as price and quality, plays in A&F and its competitors. The external analysis describes the political, economic, social, and technological factors in A&F’s environment and how each of these factors can be used for the benefit of the company during this recession. To further clarify A&F’s positioning, a perceptual map has been developed in which A&F shown as a high priced and high quality retail organization. It can be noted at this point that all of A&F’s competitors are willing to promote its employees and give discounts while A&F chooses not to, and yet they have the highest drop in sales growth. Moreover, the report’s most important part being the...
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...The Association of Business Executives Advanced Diploma 1.34CF CF0608 Corporate Finance afternoon 5 June 2008 1 Time allowed: 3 hours. 2 Answer any FOUR questions. 3 All questions carry 25 marks. Marks for subdivisions of questions are shown in brackets. 4 Present value and annuity tables are included in this question paper on pages 9 and 10. 5 No books, dictionaries, notes or any other written materials are allowed in this examination. 6 Calculators, including scientific calculators, are allowed providing they are not programmable and cannot store or recall information. Electronic dictionaries and personal organisers are NOT allowed. All workings should be shown. 7 Candidates who break ABE regulations, or commit any misconduct, will be disqualified from the examinations. 8 Question papers must not be removed from the Examination Hall. CF0608 © ABE 2008 D/500/3720 Answer any FOUR questions Q1 Ullswater PLC, a successful hotel group, has made a bid for Black Combe PLC, a large but declining competitor. The following information is available for both companies which are quoted on the London Stock Exchange. Black Combe PLC Share price Number of shares £0.90 5m Ullswater PLC £0.80 8m Both a cash bid and a share bid have been made. Ullswater PLC has offered Black Combe PLC two shares in Ullswater PLC for every share in Black Combe PLC. Alternatively, a cash offer of £1.00 per share has been made. Ullswater PLC expects the takeover to generate savings of £2m in present value...
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...Course Description Business Economics provides a basic understanding of managerial economics and the impact of the economic environment on business decision making. The course develops micro- and macroeconomic topics, with particular emphasis on marginal analysis and supply and demand considerations. No prerequisite Terminal Course Objectives DeVry University course content is constructed from curriculum guides developed for each course that are in alignment with specific Terminal Course Objectives. The Terminal Course Objectives (TCOs) define the learning objectives that the student will be required to comprehend and demonstrate by course completion. The TCOs that will be covered in detail each week can be found in the Objectives section for that particular week. Whenever possible, a reference will be made from a particular assignment or discussion back to the TCO that it emphasizes. A | Given a demand function and a supply function, illustrate how the price mechanism, in response to changes in other demand or supply factors, leads to a new market equilibrium price and level of output. | B | Given appropriate marketing data, including price elasticity coefficients, demonstrate how to use this information in product pricing in order to maximize profits. | C | Given knowledge of key cost and marginal revenue relationships, use marginal analysis to demonstrate shutdown, break-even and optimal output points, as well as the optimal amount of a resource to utilize. ...
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...Relationship Between Exchange Rate and Stock Prices in India – An Empirical Analysis By Golaka C Nath* and G P Samanta** Abstract: The dynamic linkage between exchange rate and stock prices has been subjected to extensive research for over a decade and attracted considerable attention from researchers worldwide during the Asian crisis of 1997-98. The issue is also important from the viewpoint of recent large cross-boarder movement of funds. In India the issue is also gaining importance in the liberalization era. With this background, the present study examines the causal relationship between returns in stock market and forex market in India. Using daily data from March 1993 to December 2002, we found that causal link is generally absent though in recent years there has been strong causal influence from stock market return to forex market return. The results, however, are tentative and we need further in-depth research to identify the causes and consequences of the findings. January 2003 * Manager, NSEIL, Bandra-Complex, Bandra (East), Mumbai – 400 051 ** Assistant Adviser, RBI, DESACS, C-8, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 The views expressed in the paper are those of the authours’ and not necessarily of the organizations they belong to. 1 Introduction The Asian crisis of 1997-98 has made a strong pitch for dynamic linkage between stock prices and exchange rates. During the crisis period, the world has noticed that the emerging markets collapsed due...
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...Business Calculations - 2006 RLC 1) Jennifer exercised her first stock option to buy 210 shares of her company’s stock at 30% below today’s quote of 15 1/2. Disregarding other costs, what did she pay? A) $1,278.50 B) $ 996.50 C) $2,278.50 D) $ 976.50 2) Find the annual premium for a $1,000,000 hazard insurance policy if the rate is $0.492 per hundred. A) $4,720 B) $4,820 C) $4,920 D) $5,000 3) ERM Art Supply purchases linen paper with a list price of $15,500 with a chain discount of 35/20/15. What is the net price? A) $ 8,060 B) $ 7,750 C) $10,075 D) $ 6,851 4) Calculate the reconciled balance given the following information: Bank Statement Balance: $378.53 Outstanding Checks: $37.38; $52.85; $100.54 Service Charge: $10.00 Check Register Balance: $197.76 A) $207.76 B) $197.76 C) $187.76 D) $177.76 5) Taxi fare is based on a flat charge per trip of $8.00 plus $0.95 per mile or fraction thereof. In addition, wait time is metered and charged at $0.50 per minute or fraction thereof. John takes a taxi from his hotel to the airport. The distance is 31 ¼ miles. The taxi waited at 3 traffic signals for 45 sec., 55 sec., and 93 sec. John tipped the driver $5.00. How much did John pay for the taxi ride? A) $35.40 B) $40.40 C) $43.40 D) $44.69 6) Ms. Moon is a salesperson who is paid on a commission basis. She earns 6% commission on sales up to $10,000, 12% for sales over $10,000 up to $20,000, and 20% on all sales over $20,000....
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...Jetstar Customer Service Plan - United States We are Australia's leading low fare airline dedicated to offering you everyday low fares to enable more people to fly more places more often. We also aim to meet your expectations every time you fly and so we continue to invest in our business and will always strive to provide you with an exceptional level of service. With this Customer Service Plan, we want you to know what you can expect when you choose to fly with us from the United States. Below we set out our commitment to you and provide links to our website where more detailed information is available. 1. Lowest fare availability For the lowest fare currently available directly from Jetstar for your chosen itinerary, book on our website at Jetstar.com. All flight bookings made via our telephone reservations service or at an airport ticket counter will incur service fees in addition to the fare. 2. Keeping you informed We can’t control all the elements. Bad weather, technical problems, operational and other issues can sometimes cause flight delays or even cancellation or diversion of the flight plan. If this happens, while we’re doing all we can to fix the problem we will keep you informed of developments as information becomes available and we will tell you the choices that are available to you. This will include providing timely updates in the boarding gate area as soon as it is staffed, at airport display boards where we can control them, on board the aircraft...
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...creating a methodology for calculating costs of capital for valuation and capital budgeting at AES businesses in diverse locations around the world. He would need more than his considerable daily dose of caffeine to point himself in the right direction. Much of AES’s expansion had taken place in developing markets where the unmet demand for energy far exceeded that of more developed countries. By 2000, the majority of AES revenues came from overseas operations; approximately one-third came from South America alone. Once a critical element in its recipe for success, the company’s international exposure hurt AES during the global economic downturn that began in late 2000. A confluence of factors including the devaluation of key South American currencies, adverse changes in energy regulatory environments, and declines in energy commodity prices conspired to weaken cash flow at AES subsidiaries and hinder the company’s ability to service subsidiary and parent-level debt. As earnings and cash distributions to the parent started to deteriorate, AES stock collapsed and its market capitalization fell nearly 95% from $28 billion in December 2000 to $1.6 billion just two years later. As one part of its response to the financial crisis, AES leadership created the Corporate Analysis & Planning group...
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...Long Run Forecast of the Covariance Matrix Name: Instructor: Course: University: Date: Abstract Table of Contents Abstract i 1. Introduction - 1 - 1.1. Research Background - 1 - 1.2. Research Objectives - 3 - 1.3. Research Approach and Scope - 3 - 1.4. Layout of the Report - 4 - 1. Introduction 2.1. Research Background Volatility is an important concept in finance. Volatility modelling and forecasting finds usage in several core financial operations, for instance – many asset-pricing models use volatility as an estimation parameter for simple risk; several famous option pricing formulas such as Black-Scholes use volatility; volatility estimates and forecasts are crucial for portfolio management and also in hedging risk. Because of the importance of volatility, as can be seen from the examples above, the interest in modelling and forecasting volatility has increased many-fold in recent times, with a special emphasis on forecasting. There are several types of techniques available for forecasting volatility, with extraordinary diversity of procedure such as the Autoregressive Moving Average (ARMA) models, Autoregressive Conditional Heteroscedasticity (ARCH) models, Stochastic Volatility (SV) models, regime switching and threshold models. (Xiao and Aydemir, 2007:1) A broad division between the techniques is based on primary assumptions of constant variance i.e. homoscedastic e.g. AMA models, or non-constant variance i.e. heteroscedastic or...
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...2012 Journal of Undergraduate Research at Minnesota State University, Mankato The Role of the International Monetary Funds (IMF) in the East Asian Debt Crisis of 1997 By Yaro Sadek Tahirou Minnesota State University, Mankato 2 ABSTRACT During the East Asian Financial crisis in particular, the IMF has been criticized of promoting international cooperation because of the supervised enforcement of its rules. The purpose of this research is to find out how the IMF responded to the East Asian debt crisis and whether or not its responses were the best possible responses to this crisis. Through my research, I talked about the causes of the East Asian financial crisis, the role of the IMF in the international monetary system, and if the IMF responses to Thailand, South Korea and Indonesia were the best responses or not. After analyzing the IMF responses in this crisis, I found that the IMF policies need to be reformed in order to monitor and prevent future financial crises spill-over effects at the global and regional levels. I will analyzed 5 scholarly journals on the financial crisis in East Asia, 3 scholarly articles on the role of IMF in the East Asia financial crisis, and 1 novel called POLITICS IN SOUTHEAST ASIA DEMOCRACY OR LESS by William Case. INTRODUCTION Several financial crises have occurred in the world economy through the last decades. Some examples include the East Asian financial Crisis of 1997, the Latin American debt crisis of 1994-95, the Russian crisis...
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...VINCENNES UNIVERSITY CATALOG Vol. LXIX August, 2010 No. 61 A COMPREHENSIVE TWO-YEAR COLLEGE OFFERING ASSOCIATE DEGREES IN THE LIBERAL ARTS, SCIENCES, EDUCATION, ENGINEERING, AND TECHNOLOGY AND OFFERING BACCALAUREATE DEGREES IN SPECIALIZED AREAS Accreditation The North Central Association of Colleges and Schools 30 North LaSalle Street, Suite 2400, Chicago, IL 60602 (312) 263-0456 www.ncacihe.org FAX 312-263-7462 Accreditation Review Council on Education in Surgical Technology and Surgical Assisting American Bar Association American Board of Funeral Service Education American Health Information Management Association Association of Collegiate Business Schools and Programs Commission on Accreditation of Allied Health Educational Programs Commission on Accreditation in Physical Therapy Education Federal Aviation Administration Higher Education Coordinating Board of the State of Washington Indiana State Board of Nursing Joint Review Committee on Education In Radiologic Technology National Alliance of Concurrent Enrollment Partnerships National Association of Schools of Art and Design National Association of Schools of Theatre National League for Nursing Accrediting Commission Printing Industries of America, Inc. Approved for Veterans Membership The American Association of Community Colleges Aviation Technician Education Council The Council of North Central Two Year Colleges The Higher Education Transfer Alliance The National Academic Advising Association The North Central Association...
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...International Business Pt-PGPM Dr. Ankur Roy Asst. Professor Strategic Management Area Email: ankur.roy@mdi.ac.in INTERNATIONAL BUSINESS The course on International Business is designed for those who intend to pursue a career in International Business and for those who believe, to be successful it is necessary to understand the globalization, its evolution, patterns, drivers and linkages as the future consists of economies that will be absolutely interdependent due to rapid dismantling of all kinds of barriers to trade. For survival, businesses will have to look beyond national boundaries and an international mindset will be required to be developed since the products, services, markets, consumers, collaborators, competitors, logistics, operations, alliances and resources will not be bounded by geographical limitations. This will cut across all businesses and industries without discrimination of being emerging or declining, small, medium or large, slow moving or fast, technology oriented or not, in developed countries or in emerging economies. Additionally, it will provide an insight and understanding of functioning of the increasingly significant international organizations and the international monetary systems; of the uncontrollable forces influencing foreign environments today and changes that have already taken place in the international business arena and are likely to emerge on time horizon in short and in long term. Goals and Objectives: Upon...
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...Statement on Monetary Policy – February 2012 Box D: Covered Bond Issuance by Australian Banks Covered bonds are on-balance sheet asset-backed securities issued by financial institutions. Investors in covered bonds have a preferential claim on a pool of assets (called the cover pool) in the event that the issuing institution fails to make the scheduled payments on the covered bond. If the cover pool is insufficient to meet the issuer's obligations to investors, they have an unsecured claim on the issuer for any residual amount.[1] Covered bonds typically have a higher credit rating than that of the issuer because the cover pools are usually comprised of high-quality assets such as prime mortgages, covered bond holders rank above unsecured creditors, and extra collateral is held in the cover pool. There is a well-developed global market for covered bonds, particularly in Europe. In Australia, however, authorised deposit-taking institutions (ADIs) have only recently been permitted to issue these bonds, following the passing of legislation – the Banking Amendment (Covered Bonds) Act 2011 – in October 2011. Under the new legislation, there is a cap on covered bond issuance by ADIs to limit the subordination of depositors to covered bond investors. An ADI must limit the value of its cover pools to a maximum of 8 per cent of its assets in Australia. Given that Australian ADIs have set their cover pools at close to 120 per cent of the value of covered bonds – with some variation of...
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