management of large amounts of money, especially by governments or large companies. 2. Efficient Market An investment theory that states it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. 3. Primary Market The primary market is the part of the capital market that deals with issuing of new securities. Companies, governments or public sector institutions can obtain funds through the
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JetBlue Case Study Just 2 years after its inception in April 2002, JetBlue Airways remained profitable and was growing aggressively despite the terrorist attacks that occurred in September 2001. Together with co-lead manager Morgan Stanley, the JetBlue board was ready to set a price range, which they initially decided should be $22-$24, but facing excess demand, they increased the price range from $25 to $26. However, most of the group anticipated huge demand. In 1999, CEO David Neeleman announced
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the works to compete against a large portion of the existing touch screen market. The two largest competitors in our market place are Tyco Electronics and Touchscreens.com. Both companies have strong foundations and economic models that will provide stability and inventory for Touch to Order. Tyco Electronics, a company started in 1971, by Sam Hurst, is the oldest producer of touch screens. They, simply stated, have the touch screen business figured out. Tyco actually started their business working
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The four basic financial statements a company can produce are the Income Statement, Retained Earnings, Balance Sheet and Statement of Cash Flows. All these statements are prepared for a specific period in time, usually on a monthly, quarterly or annual basis. The Income Statement summarizes the fees earned, less any operating expenses to show if the company is profitable. The Income Statement uses the matching concept, which means the expenses are matched with the revenue generated in the same time
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Abstract The decision to invest is a decision that should not be taken lightly. It requires the careful planning and research of the company that is a potential investment. It is the responsibility of a financial manager to ensure that his client is making a wise and responsible investment decision. The idea is to invest in a company that has growth potential and that will in the future generate a profit to essentially create a sound invest return for the investor. Introduction Deciding to
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merchandiser in a cash rich environment are – Establishment of responsibility Segregation of duties Documentation procedures Physical controls Independent internal verification 3- The Sarbanes-Oxley Act (SOX) requires that all publicly traded U.S. corporations are required to sustain a satisfactory structure of internal controls. In addition to internal controls each organization must be able to confirm their compliance by an independent outside audit. SOX came about because of public
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difference in ethical behavior; the question came to mind; has any law ever succeeded in legislating ethical behavior? The short answer is no, but SOX has lessened the chance of unethical behavior going un-detected. In 2006 top executives at over 150 companies took advantage of lenient reporting policies; where they chose the lowest stock price during a previous quarter, then cashed out at a higher price thereby increasing their profits (Sweeney, 2012). These individuals were caught and this behavior will
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1.0 Background of Nike, Inc. The company was founded on 25 January 1964 as Blue Ribbon Sports by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on 30 May 1978. The Nike, Inc is headquartered near Beaverton, Oregon, in the Portland metropolitan area. So while the Pacific Northwest is the birthplace to Nike, today Nike, Inc. operates in more than 160 countries around the globe. Through their supplier, shippers, retailers and other service providers, Nike directly or indirectly
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Definitions 1. Economic Entity Assumption :- is one of the assumptions made in generally accepted accounting principles. Basically, any organization or unit in society can be an economic entity. Examples of economic entities are hospitals, companies, municipalities, and federal agencies. The "Economic Entity Assumption" says that the activities of the entity are to be kept separate from the activities of its owner and all other economic entities. The business is accounted for separately
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its videoconferencing company of choice. By providing a range of products to fit different application needs, TANDBERG was able to provide Reebok a solution for maintaining worldwide communication while reducing product development time. TANDBERG's portfolio of products presented a significant value for incorporating innovative technology with value and customer support. About TANDBERG TANDBERG is one of the world’s largest providers of videoconferencing solutions. The Company designs, develops, and
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