...Case 1) What issues are likely to be of concern to the venture capital firm with this structure? a) In an all common stock structure, MONEYBAGS would not be able to recover their remaining funds if NEWBIZ is deemed a failure midway through. b) MONEYBAGS does not want to hold a 49% stake in the net worth of the company but in the profits of the company. c) If it succeeds, the VC firm still may not make a profitable return if they are paid based on net worth of NEWBIZ. 2) Do you think the venture capital fund will accept your proposal? a) The venture capital firm will likely not accept the proposal because of the all-common stock structure. b) In order for MONEYBAGS to recover their investment, NEWBIZ would have to be sold for about $20.41 million. (20.41M*49%=10M) c) With TEAM not investing any money into NEWBIZ, they don’t have much to lose if the company fails. 3) Are you pleased with the proposal? a) With a 51% stake in the company, TEAM may be legally liable to pay taxes on$5.1 million of ordinary income. i) Tax law states that if an individual exchanges services for equity they must recognize that equity as income. 4) What alternative proposals for NEWBIZ can you think of? a) The venture capital firm may want their investment to be in the form of debt rather than common stock. i) Tax deductions for NEWBIZ b) MONEYBAGS may want some preferred stock to ensure they get paid before the common stock holders in the event of NEWBIZ failing. c) May want TEAM...
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...proletariat social classes, a system of slavery to the employer emerges for those not as affluent as others. Essentially, money begets more money for those already in possession of wealth. The wealthy independently own the means of production, and therefore own the workers. Marx explores the idea of buying and selling labour-power within the capitalist society. Labour-power is essentially a person’s ability to work and produce goods, or commodities. Labour-power fundamentally becomes a commodity within itself because it can be bought or sold on the market in order to produce goods to maintain the capitalist regime. In relation to labour power, Marx says, In order to be able to extract value from the consumption of a commodity, our friend, Moneybags, must be so lucky as to find, within the sphere of circulation, in the market, a commodity, whose use-value possesses the peculiar property of being a source of value, whose actual consumption, therefore, is itself an embodiment of labour, and, consequently, a creation of value. This statement is saying that in order to make capital, you must find a source of labour power to purchase, in this case, workers, in order to produce a product with the ultimate goal of selling that product for value. Capitalism has its roots in a system of slavery because in a capitalist society, there is a system of value that one must accept in order to function in society, and when this system of value emerges, a worker becomes a slave to his wage, and therefore...
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...The Black Money Bill-During the Budget Session, Parliament passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 -30% tax on undisclosed income or the value of an undisclosed asset held abroad by a resident assessee, starting from assessment year 2016–17 (tax year 2015–16) -tough penalties and jail terms on Indian residents’ unaccounted incomes and wealth holding in foreign locations that have avoided the taxman’s scrutiny - it applies only to illegal money held or earned abroad, though there is the promise of a separate bill for unaccounted/unreported incomes held in different forms within the country. -Implementing the law, of course, requires identifying undisclosed income stashed or invested in a foreign location. That, as past experience reveals, is neither easy nor rigorously pursued -the Black Money Bill seems to be just another headline-grabbing effort at making a show that the NDA government is keeping to its campaign promise of bringing back black money held abroad by Indians -it is not the weakness of the law that results in the accumulation of the black money, but the failure of the monitoring and prosecuting mechanism to prevent the generation of illegal incomes and identify tax evasion even on legally earned incomes -In fact, the way the tax laws and the system are structured, merely unearthing what is black and making it white would not, in itself, make much difference to the nature and the outcome of India’s...
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...saw faith as more important than money. The novel appears to argue that some things such as happiness, trust and faith are more valuable than money and wealth. The story of Silas Marner starts with Silas being a good, honest man. He is a very religious man, who in Lantern Yard was involved in a religious community. His little savings amounted to "three pounds five of my own" and "a large proportion of his weekly earnings had gone to piety and charity." This suggests that Silas was more concerned with faith in his God, than in money. Silas was accused of stealing money, which belonged to the church. Silas was astonished but unafraid, "God will clear me," and invited the church to search his home. His friend William Dane found the empty moneybag in Silas's room but still he trusted in God "God will clear me." Silas suddenly realises that William Dane has betrayed him but he still puts his trust in god, Silas says for the third time, "God will clear me". God, however, doesn't clear him. Lots are drawn and Silas is found guilty. Silas was "bruised" by William's deceit and began to lose his faith in God. He says, "There is no just God that governs the earth righteously, but a God of lies." For a, previously deeply religious man this represents the depths of despair....
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...Bond Concepts: Bond Pricing It is important for prospective bond buyers to know how to determine the price of a bond because it will indicate the yield received should the bond be purchased. In this section, we will run through some bond price calculations for various types of bond instruments. Bonds can be priced at a premium, discount, or at par. If the bond's price is higher than its par value, it will sell at a premium because its interest rate is higher than current prevailing rates. If the bond's price is lower than its par value, the bond will sell at a discount because its interest rate is lower than current prevailing interest rates. When you calculate the price of a bond, you are calculating the maximum price you would want to pay for the bond, given the bond's coupon rate in comparison to the average rate most investors are currently receiving in the bond market. Required yield or required rate of return is the interest rate that a security needs to offer in order to encourage investors to purchase it. Usually the required yield on a bond is equal to or greater than the current prevailing interest rates. Fundamentally, however, the price of a bond is the sum of the present values of all expected couponpayments plus the present value of the par value at maturity. Calculating bond price is simple: all we are doing is discounting the known future cash flows. Remember that to calculate present value (PV) - which is based on the assumption that each payment is re-invested...
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...8 SOUTHERN THAILAND FOLK TALES Foreword… It all started a few years ago in a discussion with our English Major Students. We were talking about regional differences; how perceptions of people differ. I explained how people in the north of England view the folks from London and the south, and vice-versa. “It’s the same here in Thailand” one bright student chimed, “the folks in Bangkok and the north think everyone down here in the south are stupid, ignorant and to be viewed with extreme suspicion. But we have a very rich cultural heritage” she went on to explain. “We have history and stories that have been passed from father to son, from mother to daughter, for centuries.” So, it was agreed, the students would mine the Southern Thai Culture for the myths and legends that go to make folk tales. These would be documented and translated into English. This was to be a useful extra-curricular activity in the student’s quest for better English usage and understanding. The project ‘grew like Topsy’ and before long we had plans afoot to publish a small book that could, with a bit of luck, help to narrow the cultural divide between north and south Thailand. And, of course, educate and amuse us poor, ignorant, foreigners! Together with my friend and former colleague, Ajarn Kevin Marshall, we agreed to edit the student’s submissions, bring the often-archaic language up-to-date and inject modern usage and idioms whilst retaining the spirit of the original. It was a big idea but one that...
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...MIT Assignment 2013 Rukayya Maina Ahmed Admission #:0613240476 Bachelor of Business Studies (BABS): BABS-1 LSC Dhaka Campus Contents Abstract 3 Introduction 3 Information systems 3 The Company 3 The roles information system plays in organizations pursuit of competitive advantage: 3 Competitive Strategies 3 Cost leadership 3 Differentiation 3 Innovation Strategy 3 Growth (including mergers and acquisitions) 3 Strategic Alliance 3 Business Eco-systems and Co-opetition (Competition & Cooperation) 3 The Competitive Forces Model 3 Information systems can improve overall performance of business units by promoting synergies and core competencies 3 Core competencies 3 Network-based strategies 3 Sustaining competitive advantage 3 Performing strategic systems analysis 3 Managing strategic transitions 3 Product differentiation 3 Focus on market niche 3 Strengthen customer and supplier intimacies 3 Conclusion 3 Recommendations 3 References 3 Abstract: Daily life today requires the use of information technology systems. Endeavour such as education, manufacturing, research etc, treat information systems as a need. Information system (IS) combines hardware, software, infrastructure and trained personnel to facilitate planning, control, coordination, and decision making in an organization. Gaining competitive advantage is critical for company survival and success. Therefore, development and implementation of strategies to...
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...Use Of Information System Contents Abstract 3 Introduction 3 Information systems 3 The Company 3 The roles information system plays in organizations pursuit of competitive advantage: 3 Competitive Strategies 3 Cost leadership 3 Differentiation 3 Innovation Strategy 3 Growth (including mergers and acquisitions) 3 Strategic Alliance 3 Business Eco-systems and Co-opetition (Competition & Cooperation) 3 The Competitive Forces Model 3 Information systems can improve overall performance of business units by promoting synergies and core competencies 3 Core competencies 3 Network-based strategies 3 Sustaining competitive advantage 3 Performing strategic systems analysis 3 Managing strategic transitions 3 Product differentiation 3 Focus on market niche 3 Strengthen customer and supplier intimacies 3 Conclusion 3 Recommendations 3 References 3 Abstract: Daily life today requires the use of information technology systems. Endeavour such as education, manufacturing, research etc, treat information systems as a need. Information system (IS) combines hardware, software, infrastructure and trained personnel to facilitate planning, control, coordination, and decision making in an organization. Gaining competitive advantage is critical for company survival and success. Therefore, development and implementation of strategies to effectively counter the competitive forces is required. The solution is the application of Management Information...
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...MIT Assignment 2013 Rukayya Maina Ahmed Admission #:0613240476 Bachelor of Business Studies (BABS): BABS-1 LSC Dhaka Campus Contents Abstract 3 Introduction 3 Information systems 3 The Company 3 The roles information system plays in organizations pursuit of competitive advantage: 3 Competitive Strategies 3 Cost leadership 3 Differentiation 3 Innovation Strategy 3 Growth (including mergers and acquisitions) 3 Strategic Alliance 3 Business Eco-systems and Co-opetition (Competition & Cooperation) 3 The Competitive Forces Model 3 Information systems can improve overall performance of business units by promoting synergies and core competencies 3 Core competencies 3 Network-based strategies 3 Sustaining competitive advantage 3 Performing strategic systems analysis 3 Managing strategic transitions 3 Product differentiation 3 Focus on market niche 3 Strengthen customer and supplier intimacies 3 Conclusion 3 Recommendations 3 References 3 Abstract: Daily life today requires the use of information technology systems. Endeavour such as education, manufacturing, research etc, treat information systems as a need. Information system (IS) combines hardware, software, infrastructure and trained personnel to facilitate planning, control, coordination, and decision making in an organization. Gaining competitive advantage is critical for company survival and success. Therefore, development and implementation of strategies to...
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...Simmel, G, (1964) "The metropolis and mental life" from Wolff, Kurt H, The sociology of Georg Simmel pp.409-424, New York, Macmillan © THE DEEPEST PROBLEMS OF modern life derive from the claim of the individual to preserve the autonomy and individuality of his existence in the face of overwhelming social forces, of historical heritage, of external culture, and of the technique of life. The fight with nature which primitive man has to wage for his bodily existence attains in this modern form its latest transformation. The eighteenth century called upon man to free himself of all the historical bonds in the state and in religion, in morals and in economics. Man’s nature, originally good and common to all, should develop unhampered. In addition to more liberty, the nineteenth century demanded the functional specialization of man and his work; this specialization makes one individual incomparable to another, and each of them indispensable to the highest possible extent. However, this specialization makes each man the more directly dependent upon the supplementary activities of all others. Nietzsche sees the full development of the individual conditioned by the most ruthless struggle of individuals; socialism believes in the suppression of all competition for the same reason. Be that as it may, in all these positions the same basic motive is at work: the person resists to being leveled down and worn out by a social-technological mechanism. An inquiry into the inner meaning of specifically...
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...Corruption in Nigeria: A New Paradigm for Effective Control Written by Victor E. Dike Published on 30 November -0001 Created on 18 November 2003 • Print • Email Posted by Victor E. Dike in Guest Articles on November 18, 20030 Comments | inShare Causes of Corruption The causes of corruption are myriad, and they have political and cultural variables. Some studies point to a link between ‘corruption and social diversity, ethno-linguistic fractionalization, and the proportions of country’s population adhering to different religious traditions’ (Lipset and Lenz, 2000). Yet, other studies note that corruption is widespread in most non-democratic countries and particularly in countries that have been branded ‘neo-patrimonial,’ ‘kleptocratic’ and ‘prebendal’ (Hope, et. al (eds.) 2000; Lewis, 1996; also see NORAD 2000). Thus the political system and the culture of a society could make the citizens more prone to corrupt activities. Recently, the International Olympic Committee (IOC) had to relieve some of its officials of their posts recently because they were corrupt. And it was not too long ago that all the commissioners of the European Union (EU) resigned because they, too, were found to be corrupt beyond acceptable limits. And quite recently, the Enron Corporation (energy giant) and World-Com (a telecommunication company) in the United States were perceived corrupt because they ‘manipulated their balanced sheets, profit and loss account and tax liabilities.’...
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...Reading Your Credit Report John R Scott Everyonew ritesa rticlest o inform consumerosf the impoftanceo f credita ndk eepingi t "clean".T his is not oneo f thosea rticlesd isguiseudn dera "CreditR epair"t itle thatd oes notg ivey ou vital informationo r just vaguer amblings. In this serieso f articlesy ou will frndw ayst o not only repairi temso n your creditr epofi, you will learn how to improve your credit rating quickly andfor very little, to no costs. You will learnh ow to ready our creditr eporta ndu nderstandit. Evenp ersonsw ith great creditr atingsc anu set heset echniquetso improvet heir scoresw ith the creditb ureaus. Understandinhgo w to obtaina ndr eada creditr eporti s the first stepi n understanding how you will be able to improve and repair what is on it. These are the 3 major credit reportinga genciesw hich 99o/o f theb ankso ut thereu set o determineif they areg oingt o give you credit: Experian www.experian.com 1-888-397-3742 Equifax www.equifax.com l -800-685-1l I 1 TransUnion www.transun i on.com/d irect I -800-888-4231 You can obtain a copy of your credit report from any one of these agencies, all three would be preferable, one may have information the other does not. Once you obtain a copy of your credit report, you can verify that all information is correct, such as your social, birth-date and address and employment. Know your scores and what is on your report. You have a right to receive a FREE copy ofyour credit report once every...
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...GOD HATES US ALL GOD HATES US ALL HANK MOODY with Jonathan Grotenstein Simon Spotlight Entertainment A Division of Simon & Schuster, Inc. 1230 Avenue of the Americas New York, NY 10020 www.SimonandSchuster.com This book is a work of fiction. Names, characters, places, and incidents either are products of the author’s imagination or are used fictitiously. Any resemblance to actual events or locales or persons, living or dead, is entirely coincidental. Copyright © 2009 by Showtime Networks Inc. Showtime and related marks are registered trademarks of Showtime Networks Inc., a CBS Company. All rights reserved. All rights reserved, including the right to reproduce this book or portions thereof in any form whatsoever. For information address Pocket Books Subsidiary Rights Department, 1230 Avenue of the Americas, New York, NY 10020. First Simon Spotlight Entertainment trade paperback edition August 2009 SIMON SPOTLIGHT ENTERTAINMENT and colophon are trademarks of Simon & Schuster, Inc. For information about special discounts for bulk purchases, please contact Simon & Schuster Special Sales at 1-866-506-1949 or business@simonandschuster.com. The Simon & Schuster Speakers Bureau can bring authors to your live event. For more information or to book an event contact the Simon & Schuster Speakers Bureau at 1-866-248-3049 or visit our website at www.simonspeakers.com. Designed by Jaime Putorti Manufactured in the United States of America 10 9 8 7 6 5 4 3 2 1 Library of Congress...
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...COMMERCIAL BANK OF ETHIOPIA CUSTOMER ACCOUNTS AND TRANSACTION SERVICE TECHNICAL TRAINING MANUAL May 2014 Commercial Bank of Ethiopia Contents PART I ............................................................................................................................................................ 1 Chapter one .................................................................................................................................................. 1 Introduction .................................................................................................................................................. 1 1.1 Overview ............................................................................................................................................. 1 1.2 History of Banking in Ethiopia ............................................................................................................. 2 1.3 CBE’s Profile ........................................................................................................................................ 4 V I S I O N................................................................................................................................................... 4 MISSION .................................................................................................................................................... 4 List and discuss CBE’s corporate values ..............................................
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...COMMERCIAL BANK OF ETHIOPIA CUSTOMER ACCOUNTS AND TRANSACTION SERVICE TECHNICAL TRAINING MANUAL May 2014 Commercial Bank of Ethiopia Contents PART I ............................................................................................................................................................ 1 Chapter one .................................................................................................................................................. 1 Introduction .................................................................................................................................................. 1 1.1 Overview ............................................................................................................................................. 1 1.2 History of Banking in Ethiopia ............................................................................................................. 2 1.3 CBE’s Profile ........................................................................................................................................ 4 V I S I O N................................................................................................................................................... 4 MISSION .................................................................................................................................................... 4 List and discuss CBE’s corporate values ..............................................
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