...i ACFI 2005 : Finance - Tutorial Solutions Tute 1: 07/09/12 Chapter 1 A modern financial system: an overview 2. (a) Discuss the role of money in a financial system. • Money is a financial asset that facilitates financial and economic transactions. • Money is a medium of exchange—swapped for goods and services. • Money is a store of value—wealth is held or measured in money terms. • Money is a standard of deferred payment—used to record indebtedness. • Money is a unit of account—transactions are priced in money terms. • Currency is generally divisible, portable and durable. (b) Does money have to be currency? If not, what are some alternatives? • Money is anything that is universally acceptable as a medium of exchange. • Further, money generally has the characteristics of being divisible and a store of value. • Examples—currency, EFTPOS and digital money. 4. The major financial institutions within the international markets fall into five classifications. Identify and briefly explain each of these classifications. Give an example of different types of institutions that operate within a classification were appropriate. • Depository financial institutions—they attract savings from depositors and investors and provide loans to borrowers. Examples: commercial banks, building societies and credit unions. • Contractual savings institutions—there liabilities (sources of funds) are contracts that generate periodic cash flows, such...
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...INTRODUCTION What is a Business Plan? A business plan provides a complete description of a business, explaining its products or services, marketing and sales strategies, the management team, operations and predictions of financial forecasts. In order to demonstrate the viability of the business idea, you should identify that the product or service has a definite market, outline the advantages in terms of competition, and appraise the costs and profit margins. The business plan, therefore, enables a business idea to be taken from the initial conception stage towards a fully reasoned and realistic plan of action. The plan also serves as a working document and essential management tool as it sets out how the business will proceed and the strategies it will employ. It enables possible obstacles to be highlighted and avoided, targets to be focused upon and achieved, and effective structures to be put in place for finances and business strategies. Businesses should use the plan to guide decision making and it should be reviewed, modified and developed as the business progresses and evolves. Businesses that implement their business plan and keep it up-to-date are able to monitor their growth and are in a better position to seek out external funding to assist with future developments. BUSINESS PLAN AND SMALL SCALE ENTERPRISES Small-scale businesses in Nigeria and other developing nations hardly grow to big businesses mainly because of lack of direction on the part of owners of...
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...Khaksari, CFA Office: S432 Phone: 573-8366 Email: skhaksari@suffolk.edu The New Corporate Finance: Where Theory Meets Practice Mcgraw-Hill Series in Advanced Topics in Finance and Accounting Course Objective This course is designed to allow students to develop a deep understanding of financial theories, techniques, and models applied to the study of corporate financial decisions. It covers aspects of corporate strategy, industry structure, and the functioning of capital markets. The course consists of three segments. In the first segment, students do a comprehensive analysis of the assigned cases and prepare a written report that includes identification of major issues, alternative approaches, analysis of each alternative, and a concluding part in which students take a clear cut position in how they would approach the problem as a decision maker and defending their position. The Case study is done by groups (three to four students per group). The text analysis should not exceed five pages. It should be typed and double-spaced. A lengthy summary of the case is unnecessary and redundant. The space constraint should discipline students to be concise at differentiating major issues from the less important ones. All the tables, graphs and related analysis, which are not counted in the 3-5 pages of text, should be attached to the text and carefully referred to. Any outside material should be footnoted or I will assume it...
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...Executive Summary Following this introduction, background section describes the idea about mobile cloud computing, and also mentions recent development. Methodology section describes how we analyze the ethical issues based on mobile cloud computing. Objectives and aims section reports the social impact and ethical concern; however, we focus on five main fields. These fields are business, government, medical, education and cloud gaming with social influence and ethical issues. Following objectives and aims section, we report more details about these different fields. For example, in business field, some precautionary measures have already secured the enterprises and businesses by future cloud computing; in government field, national bar associations have released set of laws to allow attorneys’ use of mobile cloud computing; in medical field, form kinds of ethical values in its services, especially in the field of healthcare; in education field, some uploading resource of university is whether lack of academic confidence or not; in entertainment field, due to cloud game, emotion between family and friends are sickness. In addition, we report and answer three questions based on different five fields respectively. Mobile Cloud Computing Introduction Mobile cloud computing is a combination of cloud computing and mobile technology to provide mobile devices unlimited computing resources, large amount of data storage capacity and lifting of heavy-duty tasks(Bateman & Wood,...
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...56 959 and 56 522 Supply Chain Operations Demand Management Demand Management INTRODUCTION .......................................................................................................... 3 1. DEMAND MANAGEMENT ......................................................................................... 4 2. FORECASTING ...................................................................................................... 7 Approaches to Business Forecasting .................................................................. 8 Methods of Producing a Forecast........................................................................ 9 3. THE PLANNING PROCESS .................................................................................... 13 4. SALES AND OPERATIONS PLANNING ..................................................................... 14 5. MASTER PLANNING ............................................................................................. 15 Master Production Schedule Report.................................................................. 16 6. DEALING WITH FORECASTING PROBLEMS .............................................................. 22 7. CUSTOMER NEEDS ............................................................................................. 23 CONCLUSION .......................................................................................................... 34 56 959 and 56 522 Supply Chain Operations – Demand Management 2 ...
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...UNIVERSITY OF ZIMBABWE ASSIGNMENT CREDIT POLICY AND STARDARDS June 2014 Lecturer:Mr Samuel Gumbe Student: Rutendo Brian Mawoyo Question: With reference to your organisation or any that you are familiar with, outline the importance of a well articulated credit policy to the credit function. Background Credit is deferred payment and its control is an important feature of business management. In banks clients deposit their money. The bank lends out the money through a credit function. Deposits are collected at say x% and advanced at say x% plus 5% and 5% being the profit of advancing credit. This is how banks operate. Retail shops and wholesalers also sale goods on credit and this generally enables them to achieve higher margins and greater sales. Trade credit generally facilitates trade in the country and internationally. In all these some customers fail to pay back and there have to be effective, economic and efficient ways of recovering debts. Where credit sales or business constitute above 40% of total volume the importance of managing this function well becomes of paramount importance. Introduction Banks are in the business of receiving deposits and lending them out. Retailers, manufacturers and wholesalers offer trade credit. This process ties up money and at the same time these organisations have financial obligations to meet hence there has to be a balance. To achieve...
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...Mrs. Lynn Chrismer is a teacher that brings joy and light to even to the darkest students. Chrismer is one of those teachers that has a sixth sense she's able to tell when something's wrong knows when to give you that extra push and when you just need a person to talk too. She's touched countless lives of students all around her and anyone who enters her room can feel loved even if they always don't return the feeling. Coming into her classroom the beginning of my junior year I did not have a good mindset this point in time it was the peak of my depression I felt overwhelmed with so many things, college work, my parents, school but as the year continued I found Chrismers room was a safe haven where I always had open ears and an open heart...
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...York City in order to help students in need. Ron Clark wishes to help educate and give the love of learning to his students. Initially, the students do not care for Mr. Clark, and even go as far as to drive him away from helping them. But Mr. Clark does not give up so easily. In time, the students start to appreciate what Mr. Clark does for them, and the students also end up respecting him as a teacher. At the end of the year, Mr. Clark’s class scores well above average, as Mr. Clark said would happen. Mr. Clark applies much of the attributes in educational psychology in his own classroom. One attribute that was predominantly shown in the movie by Mr. Clark was his teacher efficacy. Teacher efficacy is the teacher’s confidence in their ability to promote students’ learning. Although the student’s motivation is the main force in driving their learning, the teacher can also drive and excite a student to become a better student. There were many scenes in the movie in which Mr. Clark had inspired his students into doing better academically. The initial scene was the first evidence of Mr. Clark’s efficacy. While confronting a student who was out in the hall next to a classroom, Mr. Clark asks why the student is standing in a trash can. The student states that his teacher had told him that he cannot learn and is trash, demonstrating poor teacher efficacy. Mr. Clark immediately reassures the student that the student is not trash and the student is capable of learning. This...
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...Prof. Christine Burke Mr. Gallon Man SIOP Lesson Plan Grade Level: 2nd Grade Students at the 2nd grade level are starting to learn and understand how liquid is measured and how to solve measurement problems. Unlike kindergarten and 1st grade level students, 2nd grade students are beginning to understand and start wondering about how liquids are measured Theme: “Mr. Gallon Man” Exploring measurements of liquid using Gallons, quarts, pints, and cups. Standards: State Level Standard for 2nd Grade Level students such as; II-LS, II-R, II-W, II-L, AZ-CCS 3.MD.A.2, and AZ-CCS 2.OA.A.1. Background Building: For the past month, students have had been learning about measuring liquid using cups, pints, quarts, and gallons. They have watched the “Gallon Man song” video during carpet song time. During carpet time, students listen and sing the song, while the visual video is displayed on the smart board. In the “Gallon Man song”, students learn about how two cups equal 1 pint, two pints equal 1 quart and how four quarts equal 1 gallon. English proficiency levels: beginning through advanced Lesson Topic This lesson will be completed in three days, and students will learn measurements by learning that: 2 cups = 1 pint 2 pints = 1 quart 4 quarts = 1 gallon The first day students will be paired to create Mr. Gallon man using cups, pints, quarts, and gallons. The second day students will create a story about Mr. Gallon man to share...
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...In the cases of Mr. Wade and Mr. Gow the most salient difference between the two of them is the amount of time they spoke during the class period. Mr. Wade talks 72% of the time, while Mr. Gow talks 9% of the time. In Mr. Gow’s case, students have the advantage of talking more in small groups and in class than Mr. Wade’s students. Mr. Wade’s practice is familiar to me, but as I remember my college and high school courses where teachers talked for the majority of the class time, I remember wanting to fall asleep, tuning out, and not listening to what they were saying. Therefore, I feel that Mr. Wade’s students would have done the same thing. The students are not soaking up the information he is saying because they are not actively participating in the discussion. In Mr. Gow’s discussion he has students look at he gives students a visual aid and asks them to study it and explain what is in the pictures. It says, “…it is interesting that it begins with students’ simply noting what they see but that within a dozen lines they begin to interpret what they see” (15). Students’ interpret the images and then start forming a conclusion about the relationship of the two pictures. In Mr. Wade’s discussion he asks students to break apart an essay and have the students fill in a chicken foot outline for the main idea, thesis, and categories. Mr. Wade says, “Show me you see its structure.” “Irene: Show you?” A student is obviously confused at what he means but then he just repeats...
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...University of Tennessee. In her speech to the students of University of Tennessee she uses pathos, logos, and ethos, to encourage the students to want to dream more, learn more, care more, and be more. Mrs. Parton uses pathos to inspire the students to dream more by the use of her own life experience . “ I’m going to Nashville and I’m going to be a star. The whole place laughed out loud and I was so...
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...Models) • Observation: Upon entering Mrs. Mitchell’s sixth grade classroom on February 1, 2018, at 7:38 that morning, I immediately noticed the classroom was set up in a way that I believe a behaviorist teacher would set up their classroom. As I entered, on my left was a white board with the objectives for the day written on it, at the very front of the classroom was a lectern, and to my right were 5 rows students’ desks. There was also a virtual board in the front of the classroom and Mrs. Mitchell’s desk was right beside the virtual board. Once the students entered the classroom, Mrs. Mitchell immediately told them to pull out their homework so she could quickly check it, and the students were very quick to pull out their homework out for her to check it. As she checked the homework, she gave each student a thumbs up if the answers were correct or said,...
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...I performed an observation in Mrs. Shirley’s resource room. Mrs. Shirley is a co-teacher and resource teacher at Tesnatee Gap Elementary. Mrs. Shirley began her day by helping another teacher by preparing her room for her because she would be coming to school late. Mrs. Shirley then returned to her room at 8:50 a.m. to prepare for her students to come to their math resource class. Mrs. Shirley greeted her students as they entered the room. The students went to the carpet, sat down, and patiently waited for instruction. One child was crying, so Mrs. Shirley asked the lady that brought the children what was wrong with him. The lady informed Mrs. Shirley that he was upset because he missed his mother. The child had been out the Friday before; therefore, he was off his routine. Mrs. Shirley comforted the student telling him that he would be able to go home soon and that he was okay. The child continued to cry; however, when Mrs. Shirley asked him to...
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...The biggest benefit Mrs. Clay has to offer is her 27 years of teaching experience. Mrs. Clay is a veteran educator that possesses a wealth of knowledge on the instructional and emotional cues needed to ensure students success. She expects and demands high academic standard for all students in her classroom. As great of a teacher Mrs. Clay is, her “stuck in my ways” approach can be a downside for Kessler Elementary student placement approach. She has displayed her disapproval on having students who “can’t keep up with her academic pace” to be placed elsewhere. “Mrs. Clay disagreed vehemently with the inclusive philosophy, stating vociferously that those children did not belong in her classroom.” (Shapiro & Stefkovich, 2011, p. 62) It’s clear...
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...to provide a safe, comfortable classroom environment for my students. All students will be treated equally. I believe the homework policy in scenario two would encourage a better effort for social interaction between the students and Mr. Collet. As discussed in Mr. Collet's policy, if a student is turning in homework late, they must first discuss it with the teacher. This is a great way of showing a resolve with a problem because it gives the students a chance to discuss why it is turned in late or not at all. That way as team, they can try to...
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