...Value Line, in its current form, was incorporated in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Co., Inc. In June 2005, AB & Co. owned approximately 86.5% of the Company’s issued and outstanding common stock. The Company produces investment related periodical publications through its wholly owned subsidiary, Value Line Publishing LLC ("VLP") . VLP publishes in both print and electronic formats The Value Line Investment Survey®, one of the nation's major periodical investment publication, as well as The Value Line Investment Survey - Small and Mid-Cap Edition, The Value Line 600, Value Line Select, The Value Line Fund Advisor, The Value Line Special Situations Service, The Value Line Daily Options Survey and The Value Line Convertibles Survey. VLP also provides current and historical financial databases which include DataFile, Estimates & Projections, Convertibles, ETFs and Mutual Funds in standard computer formats. The Company also markets investment analysis software and includes The Value Line Investment Analyzer (which was last updated in 1999) and Value Line Mutual Fund Survey for Windows (which was last updated since 1998). The Company's print and electronic services are marketed from time to time through media, direct mail and the internet to retail and institutional investors. The company last advertised on television, CNBC, in 2001. In addition to Value Line Publishing LLC, the Company's other wholly owned subsidiaries...
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...Kyle Fortin Case 12: VALUE LINE PUBLISHING, OCTOBER 2002 From a profitability standpoint, Home Depot created value, according to their 12.3% WACC found in exhibit 3. They are consistently creating value in all years (97’-01’) beings their ROC is higher than their WACC. Considering the Industry ROE average was 17.1% in 1997 according to Wikinvest.com, Home Depot was a little behind the game as far as creating value for their investors. Home Depot’s Gross Margin increased steadily each year, indicating higher profits, as well as their operating margin increasing to a high in 99’ and leveling out around 2001 due to the economic factors erupting after 9/11. Their NOPAT margin is higher than their biggest competitor lowe’s so they were consistently producing more returns, in conjunction with greater sales figures. Home Depot is operating on relatively wide margins compared to its competitors; its substantial growth rate is quite high compared to Lowe’s which is easily explained by their innovative business strategy. The Home Depot at the end of 2000 stands on good financial footing. Their net revenues have grown 208% between FY 1995 and FY 2000. Home Depot continues its market saturation strategy which consistently grows their net revenues. Home Depot’s growth in net earnings over the same period has been 284%. The money that the firm is retaining as profits is larger than the total amount being brought into the company, indicative of a company that is realizing economies of...
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...Value Line, in its current form, was incorporated in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Co., Inc. In June 2005, AB & Co. owned approximately 86.5% of the Company’s issued and outstanding common stock. The Company produces investment related periodical publications through its wholly owned subsidiary, Value Line Publishing LLC ("VLP") . VLP publishes in both print and electronic formats The Value Line Investment Survey®, one of the nation's major periodical investment publication, as well as The Value Line Investment Survey - Small and Mid-Cap Edition, The Value Line 600, Value Line Select, The Value Line Fund Advisor, The Value Line Special Situations Service, The Value Line Daily Options Survey and The Value Line Convertibles Survey. VLP also provides current and historical financial databases which include DataFile, Estimates & Projections, Convertibles, ETFs and Mutual Funds in standard computer formats. The Company also markets investment analysis software and includes The Value Line Investment Analyzer (which was last updated in 1999) and Value Line Mutual Fund Survey for Windows (which was last updated since 1998). The Company's print and electronic services are marketed from time to time through media, direct mail and the internet to retail and institutional investors. The company last advertised on television, CNBC, in 2001. In addition to Value Line Publishing LLC, the Company's other wholly owned subsidiaries include...
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... SOX Compliance Solution ***************** CMGT 16FEB2015 ******** SOX Compliance Solution The following Memo is to address the issue of organizing training for all company management personal, in the training of MetricStream© a software solution to The Sarbanes-Oxley Act (SOX). The Memo will address the main issue and how the training will be provided. The memo will also address how the company will be able to measure how successful the training was, and any problems that will be needed to be address had the company decided to conduct any future training sessions. MEMORANDUM TO: All Managers FROM: Head Office DATE: February 16, 2015 SUBJECT: SOX Compliance Solution Compliance to the Sarbanes-Oxley Act is mandatory and requires the financial reports are accurate and reviewed by internal auditors to ensure accountability ("The Sarbanes-Oxley Act ", 2006). To ensure adherence to the SOX requirements and in order to streamline the process while reducing cost at the same time; the company has decided to implement MetricStream© as a software solution for managing the requirements of the act. MetricStream© not only provides tools for the management of internal auditing and reporting process, but also provides a way to show evidence of report findings. This tool also provides collaborative assistance tools to streamline the underlining process required by section 302 of SOX (MetricStream, Inc, 2015). The training required as part of the implementation...
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...Effect of Unethical Behavior Article Analysis Chris May 6, 2013 Acc 291 Judith Vargas University of Phoenix I am going to explain in this paper some situations that might lead to unethical accounting and how we can identify some of the unethical practices in accounting. In an article that I read it talked about how when the economy is down that a lot of companies enforce ethics and make their ethical policies even better, but at the same time the article also states that when the economy is booming does it relax it ethical policies and let things pass. The Sarbanes-Oxley Act (SOX) has greatly helped to make company’s financial statements a lot better in making sure the companies are reporting all their earnings and expenses and so forth. The goal of SOX was to make companies and employees behave ethically; however, whether that has worked or not is questionable. Many argue that the implementation and ongoing requirements of Sarbanes Oxley and other laws are costly, time consuming, and as yet ineffective. Some say that SOX, “in many instances law has at best led to a culture of compliance rather than a culture of integrity. Even more disappointing is that too often the very activities Sarbanes Oxley were designed to prevent continue to slip past regulators until it is too late and the damage incurred (Hazels 2010)”. Some signs that I can think of, of a company being unethical is that they are struggling to pay back debts and these debts are not being...
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...Unethical accounting behavior has been on the forefront since the 1980s, in the United States. Unethical behavior is when someone takes advantage or manipulates another without their knowledge. Unethical behavior normally starts within upper management and transcends to the other employees. Unethical behavior consists of bribery, misusing funds, or manipulation of financial reports. When management or accountants knowing and unknowingly has overstated the value of the company’s assets and revenues, and has understated the expenses of the company, these acts are unethical behavior. Companies and individuals commit unethical behavior, for personal gain, greed, and sometimes by human error. When companies are pressured to meet certain deadlines for vendors and upper management it can lead to unethical behaviors. Auditors giving management advice concerning external audits and accounting procedures to manipulate accounting information is another form of unethical behavior (James). One of the most common acts of unethical behavior is when a member of management instructs a subordinate employee to manipulate a record for a transaction. Reporting incorrect information is unethical regardless of who is instructing the employee to do so. At no time is this appropriate behavior. Accounting principles requires companies to record their revenue for contracts only for one month. Anything outside of that one month will be recognized in the next year’s statements. Management should not instruct...
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...Week 5 Reflection Team A ACC/291 February 29, 2013 Steven Marantz Weekly Reflection We covered very interesting topics in week three and four. The students were asked to discuss topics which they felt comfortable with, the topic they may have struggled with, and how the weekly topics related to the application of their field. The students of team A have some similar pertaining to the weekly reading assignment and some that are different. Some of the topics we discussed were how to apply ratio, vertical, and horizontal analyses to financial statement; and also, how to distinguish common stock and preferred stock and, how Corporations issue stocks in accordance with their Articles of Incorporation. Team A agreed that these topics were more clearly and easy to understand. We all were comfortable and ready to use these concepts in the real world. The topics we all struggled with are how to calculate the liquidity, profitability, and the solvency ratios on the balance sheet and income statement. We also learned that accounting could best be described as a type of mechanism or language put in place in order to provide information with regards to the financial position of an organization or business. This type of information is critical to investors as it provides them with important and detailed information that could turn out to be the determining factor as to their decisions to invest or not...
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...Sarbanes-Oxley Act (Sox Act) 2002 Student’s Name Institutional attachment The Sarbanes Oxley [sox] Act of 2002 made a significant move in the administrative environment of publically exchanged organizations. Because of a becoming number of corporate misrepresentation outrages, for example, Enron and Tyco universal, the united state congress passed the law in a push to decrease the likelihood of future extortion. The law requires more compressive monetary reporting necessities and upholds stricter punishments on the individuals who occupied with plans to swindle financial specialists. Then again, there are numerous adversaries to the law who accept the regulations are unnecessary and excessively excessive for generally organizations. With the end goal of this paper, I will dissect an article title "The Law change corporate" by Michael peregrine, which traces the some significant impacts of the law. The creator is a corporate legal counselor and has abnormal state of experience dealing with agreeability issues with open organizations. Generally, Michael accepts that SOX has been very fruitful. The most vital impact clarified in this article is focused on the structure of corporate legislation. He expressed that SOX seized the focused of corporate course from the corner of the workplace and returned it the meeting room, where it had a place. Besides the law empowered the recognizable proof of the best practices to guide meeting room conduct. Preceding 2002...
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...Role and Functions of Law Role and Functions of Law Without laws our society as a whole would be chaos. While some people live their lives by their morals, others make decisions solely based on consequences. Laws are designed to rule the people that don’t take their personal morals into account when making decisions, or people that have a set of morals that are way different than the norm. Without a clear set of consequences people would likely be running around all “willy-nilly” murdering each other. To make these consequences known you have to have a clear set of laws written otherwise people have without morals have nothing to consult when faced with decisions that might be immoral or unethical. Law basically forms all parts of our society. From our politics to the way we run our businesses, law is the code by which we operate. It is the code that we consult when faced with questions on how to treat one another, and how to be treated by others or even an organization. It tells us how to run our businesses and what our businesses can and cannot do. It tells us how organizations should be run, and what their powers are. In our society it is made clear to us what rights we have, and what we can do when people infringe upon these rights. Laws basically determine the way we act in our day to day lives. They are a clear standard on which we rely on to base our decisions. It’s debatable whether or not our laws are based on morals, or are morals are based on laws...
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...Are Over the past 15 to 20 years more and more CEOs have been scrutinized and the typical CEO's pay is largely driven by market factors. CEOs pay is strongly related to stock performance. Because of more bureaucracy, the CEO's job has become increasingly more difficult over the past decade. In fact some would even argue that they are not paid enough and should be paid more. CEOs are being scrutinized more than ever. Some have taken on a celebrity persona such as Steve Jobs, Bill Gates, and Jack Welch. The fact of the matter is their pay is driven by market forces. You don't really hear of athletes being scrutinized like CEOs. However, since the collapse of companies such as Enron, WorldCom, and Tyco, their exposure has put them in the forefront of our society. CEOs are not unique. Other industries with similar backgrounds have earned just as well in the last decade. This includes top lawyers, athletes and top financial executives. Kaplan contends that it would be difficult to understand how pay increase could be driven by non-market forces when pay to athletes, lawyers and other groups have increased just as much. Their pay is strongly related to stock performance. Kaplan's recent analysis of CEO pays in a given year found that CEOs in the top 20% of actual pay generate stock returns 60% greater. This is greater than other firms in their industries over the past three years. In addition, CEOs from firms in the bottom 20% of actual pay underperformed...
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...Fibre line with ECF Bleaching sequence of O-D-E (OP)-D to get pulp brightness of 88% ISO. | | | • Ultra modern Paper Machine by Allimand, France( Asizer, coated paper). | | | • First mill in india to have brand new Bielomatik machine from Germany specially designed for US Letter size copier. | | | • Upgraded Packaging and Converting Section with latest equipment (Lino metic cutter , Allimand Winder, Wills A4 cutter, Pasaban Sheeter, Automatic Packing machine & many more). | | | • First Mill in the world to use ECF bleaching and Oxygen Delignification on Wheat Straw. | | | • First Mill in India to Adopt Fuzzy logic for Burner Management in Limekiln. | | | • Recovery Boiler and Power Boiler designed for Low emission level less than 75 mg/Nm3. | | | • Evaporators designed for high solids with higher steam economy. | | | • Flexibility of operations and Raw material mix. | | | • Latest DCS and Energy efficient equipments ordered. | | | • Production of Eco friendly and Value added papers for better Eco System. | | | • Auto reel cutting, auto reel wrapping and auto sheeting to get perfect finish product. | | | • ECH Will's cutter for perfect finish branded copier paper. | | Product Range | | | | | A4, A3 & FS Copier * Trident Eco Green * Trident Spectra * My Choice * Trident NaturalSurface Size Maplitho * Diamond Line * Diamond Line Superprinting * Silver Line * Crystal Line *...
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...Strategic Plan, Part I: Conceptualizing a Business BUS475 Integrated Business Topics May 15, 2013 My business idea is about an online publishing network for new writers, with access to editing services, marketing services, design and branding services. A ‘do-it-yourself’ is the future of publishing. By starting small, working on an initial author as a trial basis, we can discover the intricacies within the markets, using constant research and upgrading the process as technology grows. A channel where writers can find the trustworthy resources they need in one place. Jones Publishing will provide the services by connecting writers with reputable professionals. With so many niches within the writing industry, Jones Publishing will focus on non-fiction writing for young adults and adults in the genres of mystery, thrillers, romance, and science fiction. Being an on-line publishing house, Jones Publishing will invest in the network infrastructure to channel information, a smart front page that will allow for easy use for the clients. Quick access for requested content. Professional outlines to ensure clients the professional nature of the site. Professional look, business minded for the author/artist that doesn’t think in a business sense. We’re a small firm of three with projected contracts in marketing services, editing services, accounting services, agent services etc. The author can focus on what they do best and leave the business side to us. We can connect agent...
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...Florida. SNC is a privately held company that provides dietary supplements such as vitamins, minerals, and herbs for women and other products for all age groups. Over the years, Cheng expanded into new retail outlets and private brands such as women’s sports drinks, teenage vitamins and metabolism boosting medication. Over the past few years, more than one Cheng was unsure how she was going to pay all the overhead and the line of credit was overdrawn several times. Currently, the business is breaking even with sales growth of total revenue being $10 million. The facility’s credit limit, $3.2 million, is based on the percentage of accounts receivable and inventory. The credit line is set at 8%, and SNC uses 12% cost of capital to evaluate possible investment opportunities. In 2010, the nutraceutical market was estimated to be worth $126.6 billion, and it is forecasted to grow 4.9% compounded annually. By 2017, it is estimated to be at 180.1 billion due to increase in the elderly population and increase in chronic diseases (Harvard Business School Publishing 2014). Phase One (2013-2015) In phase 1 they presented four opportunities that had the potential to maximize company growth. The possibilities were: Leverage Supplier Discount, Tighten...
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...management? Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 2 What is Marketing? Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 3 What is Marketing Management? Marketing management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 4 What is Marketed? • Goods • Events • Services • Experiences • Persons Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 5 What is Marketed? • Places • Properties • Organizations • Information • Ideas Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6 Figure 1.1 A Simple Marketing System Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 7 Key Customer Markets Consumer markets Business markets Global markets Nonprofit/Government markets Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 8 Core Concepts Needs, wants, and demands Target markets, positioning, segmentation Offerings and brands Value and satisfaction Marketing channels Supply chain Competition...
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... Publishing in 2010’ by Bradley and Bartlett presents a comprehensive picture of book publishing before and after the onset of the e-‐book revolution. What are the long-‐term threats and opportunities facing the book publishing industry? Threats: -‐ Amazon / Apple – companies like this have revolutionized distribution (by being so highly efficient) and have gained the upper hand and bargaining power over Publishers as concerns PRICING – therefore greatly reducing prices and profits for Publishers. -‐ E-‐books -‐ percentage of ebook sales will continue to grow – again this threatens pricing and profit margins and through cannibalization of especially existing paperback sales threatens the profitability and continuation of the paperback. -‐ Death of chain bookstores – low margins on sales units threatens the closure of these distribution points – which have traditionally played a major role in the value /...
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