...Cherie Heng Yi Ting (A0131713U) MNO2009 Individual Analysis Tutorial H01 The market for digital financial services is on the rise with a strong potential in creating an online platform to promote gamified social trading platform in a relatively unsaturated financial technology (Fintech) market. Current competitors Trade Hero and Ayondo (TechinAsia, 2016) focus on risk-free stimulated trading aimed towards competition and real life trading connection respectively in the mass market. Thus, in this online trading field, there is a missing social network that integrates gaming features for trading and education through forum sharing for youths. Insights from TradersHub, a failed start-up with a similar business model by Travis Ong (Annex A), can be adopted to understand how to successfully penetrate Singapore’s fintech market and be a recognised player in virtual trading, before extending and monetising the business. The main reason for TradersHub’s failure is due to their idealistic causation approach not bound by a realistic understanding of the industry. This exemplifies the need to balance the approach in an effectuative way by firstly analysing the fintech ecosystem for external factors that will shape the positioning of the business model (Forbes, 2016). Singapore has cultivated a conducive market that provides fintech start-ups with high availability of financial and developmental support. The high penetration rate of technology encourages the scalability...
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...Global Economic Climate-China’s Perspective * Chinese Stocks Have Further To Fall * Negative wealth effect on Chinese households * Financing Channels Now Closed * Property Market Stability At Risk * Renewed stability in the property market in the past * The weakening stock market reflects poor incomes and housing affordability * Banks become increasingly risk averse * Recession And/ Or Financial Crisis Risks Growing * Economic growth structure too reliable on debt * Excess Capacity of Manufacturing industry * Chinese demand is underperforming the bullish expectations Details With the Chinese equity bubble finally bursting in line with our expectations and likely to continue declining much further from still-extreme valuations, we are assessing the potential for either a recession or a financial crisis, which we believe are growing risks. * Chinese Stocks Have Further To Fall * Negative wealth effect on Chinese households * Financing Channels Now Closed * Property Market Recovery At Risk * Renewed stability in the property market in the past * The weakening stock market reflects poor incomes and housing affordability * Banks become increasingly risk averse Given that the property market and the upstream industries supplying it (cement, metal etc) accounts for almost 30% of GDP, and property and land prices are a major source of loan collateral, the housing market remains a crucial factor in China's...
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...Questions: ETHICAL ISSUES Q1. How serious were Stephen Richards’ actions? If Computer Associates achieved the same financial results within “allowed accounting flexibility”, will this change your answer? Q2. Richards describes how difficult it is to operate in the “gray areas of accounting” and wanted more guidance from senior management. Do you agree or disagree with him? If you were placed in the same position as Richards, how would you handle the situation? What are the options that you think you would face in deciding what to do? Q3. Step back and consider management’s incentives and choices. What are Computer Associate’s motivations to manage earnings and the financial value represented by the statement of financial position? What type of corporate governance structures in firms have been identified by the research as a flag, or indicator, that a firm is more likely to manage/manipulate financial accounting outcomes? ACCOUNTING ISSUES Q4. Comment on the GAAP standard that allows software firms to recognize the entire value of the licensing contract as revenue in the quarter that the contract was affirmed. Do you think this accounting treatment contributed to the culture at Computer Associates? Why or why not? Q5. Exhibit 4 provides an overview of the inflated recorded revenue and EPS. Is it important for Computer Associates to meet analyst estimates? Why or why not? Q6. Does accounting management/manipulation have an impact on stock prices? (Hint:...
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...Naomi Piché Professor John Burtt BUS 114 Management May 21, 2013 Case Study 1 : Trader Joe’s 1. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process-planning, organizing, leading, and controlling? -Trader Joe’s demonstrates planning by intending to carry unique products at a low cost within a fun, relaxing environment. Their organizing skills were apparent due to their approach to find unusual foods from around the world, contract directly with manufacturers, label their products with catchy phrases and by maintaining a small stock of each product. Their leadership was exemplified by hiring employees with job skills such as being “ambitious and adventurous” and providing a laid-back atmosphere both for their workers and customers. Their employees had higher pay rates than those that worked for their competitors and had great benefits. Because managers were hired from within, they had an ultimate knowledge-base of how the system works. Also, the employees were encouraged to taste and learn about the products to be able to share with their customers, creating a more involved employee to customer relationship. Regarding Trader Joe’s control, they were able to control real estate costs by buying smaller stores and staying away from “prime” locations. Their “one in, one out” policy to get rid of poorly selling products or have rising costs replaced by new products helped to control costs and also showed their customers...
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...the basic server market share. Performance of the Zink is approximately equivalent to that of the Tronn without PESA. Ontario’s mode of sales is mostly done online as their business model aims at providing leading technology to customers by way of the most flexible and innovative supply chain strategy possible. This has led to Ontario being able to drive out non value added costs and compete on price ($1,700) since it is able to produce at a lower cost ($1,214), indicating operational efficiency. Pricing Strategy for Atlantic Bundle After careful observations of the facts surrounding our competitor as well as consumer behavior in the target market segment (refer to Appendix 1), we hereby propose for Jower to give a price of $2,436 to Day Trader Journal.com using the Value –in-use pricing strategy which is a method of setting prices in which an attempt is made to capture a portion of what a customer would save by buying Atlantic Bundle (refer to Appendix 2 for calculations). Atlantic Bundle at this Price would lead to a cost saving of $3,591.14 for DayTraderJournal.com should they purchase 2 Atlantic Bundles as against 4 basic web servers (Zink). The basic assumptions made for this pricing strategy are as follows: • A 50-50 sharing of the...
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...com/shop/unit-iv-managerial-decision-making/ 1. Recently, a number of major banks have rejected federal bailout money citing that they did not like the rules that the government placed on them if they took the cash infusion. Research these decisions and report your findings. Discuss how self-serving reasoning could play a part in these decisions? Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional creditable references as needed to answer the question but it is not required. 2. Lately, the stock market has experienced unprecedented volatility – wild ups and downs. Discuss how stock trading has created a lot of this volatility and the decisions for stock traders to buy and sell wildly in terms of hyperbolic discounting. Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional creditable references as needed to answer the question but it is not required. 3. Discuss a recent decision that you made (purchase an automobile or home, change jobs, etc.). How did motivation and emotions influence your decision? Did you experience any internal conflict (a battle between what you wanted versus what you should do)? How did you resolve this conflict? Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional...
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...attributed to psychological factors such as fear, greed, regret, and other emotional responses to price changes and changes in personal wealth. A growing number of economists, psychologists, and financial-industry professionals have begun to use the terms ‘behavioral economics’ and ‘behavioral finance’ to differentiate themselves and their ideas from the standard, rational theories (such as the Efficient Market Hypothesis) in economics and finance. Akrisios Stathopoulos is the President of the Pacific Futures Trading Company (PFTC). Futures trading is a form of investment which involves speculating on the price of a commodity, such as gold, cotton, wheat, or steel, going up or down in the future. Futures are popular instruments amongst traders, from private individuals through to multi-million dollar hedge funds. Founded in 1972, the Pacific Futures Trading Company is a second generation family owned business. With Akrisios as President, his brother Epifanio as Vice President of...
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...сразу скажется на торговле. 2) Воспринимайте трейдинг не как увлекательное дело, а как самую обычную работу. Возможно, это звучит спорно, но… Нашим словам есть очень легкое объяснение. Во время торговли ваша голова должна быть чиста – никаких эмоций. А если у вас эйфория – вы уже не адекватно воспринимаете происходящее и можете потерять деньги 3) Обязательно заведите хобби, которое будет расслаблять вас и придавать энергию. Торговля на фондовых рынках – энергоемкий процесс, и вам нужно научиться быстро восстанавливаться. 4) Не спорьте с базовыми принципами. Постоянно держите их в голове, они сэкономят вам кучу времени – быстрее начнете понимать суть. 5) Ни в коем случае не боритесь с рынком. Вспомните фильм rogue trader – и посмотрите, чем закончилась борьба с рынком. Плывите по течению, и у вас все будет хорошо. 6) Отпускайте упущенные акции, не концентрируйтесь на убытках. Их, конечно, надо осмысливать, но если будете слишком много думать о них – завязнете в депрессухе. 7) Общайтесь с другими трейдерами и инвесторами. Когда вы будете видеть, что через похожие проблемы проходят все биржевики – не будете думать, что вы один такой, и будет легче со всем справиться. 8) Если у вас убыточная серия – лучше на пару дней перейти на бумагу – так вы сможете реабилитироваться и при этом не потерять деньги. Как только увидите, что все опять окей – вернетесь на реал. 9) Не пытайтесь отбиться. Иначе потеряете адекватную оценку и наделаете...
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...Part 1 After watching the “Rogue Trader”, we can say that the main reason for the collapse of Baring Banks is the lack and inadequate internal controls under COSO combine with Nick’s fraudulent activities. The biggest deviation arises from the control activities, particularly the segregation of duties. When Nick Leeson got the job opportunity in Singapore, he was hired as the general manager of the trading floor and also was the person responsible for the settlement which means that he was making the trading transactions and at the same time recording and reporting them into the accounting system. It is a big problem because the positions assumed by Nick are related to generating revenue and doing the record keeping which are 2 areas that can create a conflict of interest, in retrospect those functions should have been held by two different persons and the communications process between them should be monitor to reduce the possibility of collusion or fraud. Another lack in control activities was the total absence of an authorization system. As we saw in the movie, when BeauMarchais asked him to buy 4000 contracts, even though the market average trade was 20000, he did not need any authorization nor anybody review the transaction to be sure that it was in accordance with the company objective. In another instance, he was able to transfer 7.8 billion yen between accounts. To avoid questionable situations and be able to make people accountable for their actions, they could...
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...com/shop/unit-iv-managerial-decision-making/ 1. Recently, a number of major banks have rejected federal bailout money citing that they did not like the rules that the government placed on them if they took the cash infusion. Research these decisions and report your findings. Discuss how self-serving reasoning could play a part in these decisions? Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional creditable references as needed to answer the question but it is not required. 2. Lately, the stock market has experienced unprecedented volatility – wild ups and downs. Discuss how stock trading has created a lot of this volatility and the decisions for stock traders to buy and sell wildly in terms of hyperbolic discounting. Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional creditable references as needed to answer the question but it is not required. 3. Discuss a recent decision that you made (purchase an automobile or home, change jobs, etc.). How did motivation and emotions influence your decision? Did you experience any internal conflict (a battle between what you wanted versus what you should do)? How did you resolve this conflict? Your answer must be a min. 200 words, try to keep it under 300 words when possible. Must use course textbook as a reference. You can use additional...
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...The world of Kpop In a world where music dominates and influences everything we do, there is a new type of music that is quickly progressing in popularity, not only nationally but globally as well. Kpop is Korean pop music, although it is not only pop music, it is also trot, hip hop and R&B and Rap. It is a competitive field that requires hard work and determination. Kpop is not only music though; it is a guide that can help give a person more insight about the world around them. It is a hard thing to be an idol in Korea, there are so many values and difficulties they must overcome in order to achieve recognition and fame. If someone were to want to be an idol in South Korea then their best bet would be to go to “The Big Three”. YG Entertainment, JYP Entertainment, and SM Entertainment, These three companies are named “The Big Three” because they are three of the most highly distinguished and accomplished companies in all of South Korea. “The Big Three” have led many idols to fame in not only South Korea but globally as well. In comparison to Canada or the US you could call South Korean’s harsh with the way they train upcoming artists, but they have higher standards. The training process consists of around three year’s minimum of being a trainee and there are many hardships that must be overcome through that process. The trainee years are what determine whether or not a person can make it in the competitive field of being a Korean pop idol. Have you ever looked around and...
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...PERCEPTIONS OF RURAL COMMUNITY COLLEGE STUDENTS OF THE TRANSFER PROCESS TO A FOUR-YEAR INSTITUTION: AN EXPLORATORY STUDY by ELIZABETH E. SACKSTEDER LACLAIR A DISSERTATION Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the College of Education in the Graduate School of The University of Alabama TUSCALOOSA, ALABAMA 2010 Copyright Elizabeth E. Sacksteder LaClair 2010 ALL RIGHTS RESERVED ABSTRACT Utilizing the current literature base on rural community colleges, transfer student adjustment, academic advising and articulation issues, the purpose of this research study was to ascertain the adjustment issues and experiences of rural community college students who have the intent to transfer to a four-year baccalaureate degree granting institution. The perceptions these rural community college students have regarding the transfer process are the focus of the study. Students from ten rural community colleges, who participated in the Alabama College Transfer Advising Corps, a project of The University of Alabama and funded by the Jack Kent Cooke Foundation were used in the study. The survey instrument used in this study is a variation of Laanan Transfer Student Questionnaire (L-TSQ). Survey questions were reframed such that those regarding university experiences and the students’ potential transfer to a four-year college/university were treated as reflections on the meditational transition, or transition that has not...
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...personal narrative You act white tell a personal narrative of multi-racial girl. The girl has more problems with her skin color because she is too shy to make friends. Three black girls deride her and cause some problems. She is only 8th grade's student and a small kid. These three girls give pressure that a kid can not easy to withstand. Their threaten and actions to her makes her so upset. What those girls has done to her makes her suffering a lot. When I read this article, my childhood also has some dark memories that I did not want it happened to me again. When I was 12 years old, this was the time to go to junior school in China. The Chinese education system force students to very hard and compete with each other. Students needs to study sine 6am till 10pm everyday to study all kinds of subjects. And most of parents want their children to go to top schooling their city in order to have a promising future. With a huge amount of students but limited best schools, not all the students can make their "best school" dreams come true. So the entrance exam is the only way to pick students who want to go to the best school. Fortunately, I was 1000 of 10000 students who passed the exam. However if i had a chance to chose again, i would rather not pass that exam. What I had experienced made me feel so upset and lonely. The Foreign Languages School, one of the best schools in my hometown, was a boarding school. Students only had 4 days off to home per month. I lived with my grandparents...
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...Sewol" (This Tumultuous Time) by Park Chae-seon and Lee Ryu-saek from 1925 and contained popular songs translated from Japanese. The first pop song written by a Korean composer is thought to be "Nakhwayusu" (낙화유수, Fallen Blossoms on Running Water) sung by Lee Jeong-suk in 1929.[41] In the mid-1920s, Japanese composer Masao Koga mixed traditional Korean music with Gospel music that American Evangelists introduced in the 1870s. This type of music became known as Enka in Japan, and later in Korea as Trot (Korean: "트로트").[42][43] These songs became extremely popular.[41][third-party source needed] Later, in the 21st century K-pop singers rediscovered the genre of trot, for example singers like Daesung from Big Bang and several members of Super Junior produced trot...
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...On February 10, 2015, Lexeme county’s largest and fastest growing newspaper; the citizens voice published an article by Michael A. MacDowell entitled “The Community College Model Works Just Fine” In this article, MacDowell, aims to convince his audience mostly the middle class citizens that President Barack Obama’s proposal for free tuition in the community college system is an admirable goal but the “practicality and unintended consequences of such a program render it problematic at best”.Throughout the essay, Dr. MacDowell uses logos, pathos and ethos to effectively support his thesis that “by federalizing the finances of community colleges through this free tuition proposal, the efficiencies enjoyed at the two-year college level may evaporate under the stress of federal oversights that tend to maximize interference and reduce effectiveness”. In the first paragraph MacDowell uses a combination of ethos and logos to introduce his topic to the audience and also establish his credibility. He begins by stating that the proposal regarding free tuition in community college is “an admirable goal” at the same time he continues to state that “the practicality and unintended consequences” of the program render it “problematic at best” MacDowell’s use of the solemn tone was appropriate to the audience and shows his sincerity and common sense as well as respect and understanding of the position of the audience. By doing this MacDowell has effectively made the audience trust...
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