Essays on Creditors

Chapter III

This chapter will review the background of Real Property Law in the Kingdom of Saudi Arabia. In order to lay the foundation for comparisons in subsequent chapters, the elements of the Saudi judicial system and real property law will be reviewed. The background information pertaining to Saudi Arabia will feature the judicial court system, the property rights and real property ownership. A review of the current mortgage law in Saudi Arabia will be analyzed as well as possible reform to include the application of anti-deficiency laws.

Introduction

Saudi Arabia is governed by a monarchy. Its current legal system under the ...

Improving the Operating Strategy of Marriott

Improving the Operating Strategy of Marriott The purpose of the report is to develop a recommendation for improving a company’s current strategy in order to remain sustainable in a highly competitive economic environment. The recommendation will be based on an analysis of both the external and internal factors that affects the company. This includes both qualitative and quantitative factors since the report is segregated into (1) environmental scan and risk analysis, (2) ratio analysis, (3) financial statement analysis, (4) weighted average cost of capital, and a (5) strategy development. The company chosen to be analyzed is Marriott International, ...

Introduction

Bank typology has grown more complex as more formerly niche banking services gain greater customer bases, encouraging different banks to shift focus from the traditional retail banking format to a more complex and specialized arrays of banking services. Moreover, large banks, particularly multinational companies, maintain their retail operations while serving non-retail accounts, such as businesses, investors, and purely online customers (Pritchard, 2016). Further, certain organizations offer banking-like services to its members, such as credit unions and savings and loans associations (S&Ls). Thus, to manage this typological complexity, this explorative paper covers only primary forms described in its most typical ...

Reducing Debts at Credit Solutions of America

Credit Solutions America (CSA) is a company that is headquartered in Richardson, Texas but has many branches in many other states. The company has several customers who are enrolled in debt reduction programs. The company helps those customers who do not want to file for bankruptcy, but they would wish to settle their debts. Despite its years of success, the company was sued in eight states after it was found to be engaging in fraudulent activities. Although the methods employed by the company in their debt reduction program puts the customers in a stressful situation, they are left satisfied ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

The history of Chrysler Group LLC is full of events and is known for its ups and downs. Chrysler Group LLC was on the third place among US automotive companies. During the sixties, company is very firmly on her two feets. But ill-conceived management has brought a lot of troubles. It all started many years ago. It started in the early 50s. All companies producing cars with streamline form. But Chrysler produce cars with a rectangular form, very reminding a combination of rectangular boxes. In the early 60s the consumer wanted to get big and comfortable cars. But the ...

Meaning of Chapter 7 liquidation and Chapter 11 reorganization

Chapter 7 liquidation entails a bankruptcy proceeding whereby a company or any other business organization closes all its operations and completely get out of business. Essentially, liquidation involves converting sellable company’s assets into cash. Therefore, Chapter 7 liquidation is a procedural undertaking which involves appointing a trustee to liquidate or sell the assets of the company that has been declared bankrupt, and use the proceeds from that liquidation to clear the debts owed by the company. The Chapter 11 of federal bankruptcy law is a legal proceeding in which companies are required to reorganize themselves. Reorganization of companies ...

One Determinant of Short-Term Liquidity Ratio

The single most important determinant of short-term liquidity ratio is that the current assets of an organization should be in excess to its short-term obligations, as examined by current and quick ratios. This is so because when an organization has more current assets than liabilities, it would be easier for the entity to generate revenue and repay creditors on time. Moreover, excessive short-term assets than obligations can also help the company finance its working capital operations efficiently. Because of this determinant of excessive current assets than obligations, an organization can provide higher safety margin to creditors’ investments .

Making Technical Adjustments to Ratios

An analyst ...

Business, Company and Conveyancing Law

Part B Q. 1 Salomon v Salomon & Co. Ltd. (1897) is a landmark case on the incorporation, features, and nature of companies. The case is important in the formation of businesses in some respects. Firstly, the significance of the case with regards to the formation of companies is that it introduced the principle of a company being a separate, autonomous, distinct or independent entity from the owners or even the promoters of the enterprise. This is important in that it shields the owners from any liability that may be incurred on behalf of the company about its creditors. Further, ...

Executive Summary

The report comprises of two main tasks that are financial ratio analysis and distress analysis to determine and evaluate the financial performance of HSBC. The case study is prepared to analyze the financial conditions of HSBC. HSBC Bank Plc. is one of the largest financial services providers in the world. HSBC operates in Finance and Insurance industry that is highly competitive in the global market. The decline in values of current ratio, quick ratio, and cash ratio reveals that the company did not succeed in maintaining stability in its financial position, but the decrease of 0.02 and 0.01 is ...

Executive summary

The National Bank of Canada has its headquarters in Montreal, and it is Canada’s sixth largest bank. It was started on 4th May 1859 by the francophone business people in Banque and Ontario. The bank has 2.4 million personal clients and most of its branches in the Canadian provinces. It has many representative offices partnerships and subsidiaries in other countries where it serves both non-Canadian and Canadian customers. The bank’s management structure consists of the board of directors and the office of the president. The bank is upholding a proper governance system and appropriate ethical strategies to ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

Summary of the Content

The book that is the subject of this paper is entitled Debt: The First 5,000 Years. This book was published in 2011 by book author and anthropologist David Graeber. As the name implies, much of the content was focused on debt. It, however, tackled the said topic in relation to other social institutions and practices such as marriage, friendship, barter, law, religion, slavery, economics, and government management. By putting the topic in line with the very factors that make up human life and society, he basically showed that he considers debt has played an important part in it. ...

Many people got used to understand the bankruptcy as process over. This term is associated with lesions in the business market. However, very few people know that bankruptcy may be a unique tool for solving various problems. For example, the bankruptcy procedure can successfully carry out the liquidation of the legal entity. Therefore, it is possible to identify a number of objectively positive and negative aspects of this method of the “disappearance” from market. Advantages of this procedure include (Elliot and Elliot 64): Bankruptcy is the only currently legitimate way to relieve the company from debts before the ...

US 311: Business Law I

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and ...

Organizations that behave ethically are more apt to earn the trust of their customers, employees, and stockholders and to have a reputation as successful, competent and responsible professionals. It is important that organizations follow strict guidelines aimed high standards of quality, reliable services, high professionalism, social responsibility and ethical behaviour it their activity – only that way they can bring benefits to their clients, staff members and shareholders. The main ethical principles that each organization must follow in its activity are decency (avoidance of illegal and unethical practices), honesty (the urge to be honest with themselves, team members, customers and ...

Introduction

Tingyi Holding Corporation is the Chinese company that deals in the production and distribution of instant noodles, baked products, and beverages. The company also produces soft drink under its brand name of Master Kong. The company is the largest manufacturer of instant noodles in China. Tingyi Holding Corporation was established in 191 by the Wei Brothers of Taiwan. The company got listed in 1996. The soft drink brand of the company, Master Kong, was declared to be the second most recognized brand in China. The company started producing instant noodles in 1992 under the brand name of Master Kong ...

Ganesan (2007, p.1) defined working capital management as a company’s best strategy for its continued sustainability since it uses short-term financing strategies to fund everyday operations (Ajibolade and Sankay, 2013, p.233). The pecking order theory believes that internal financing is the best alternative but it can result to conflicts between corporate liquidity and profitability (Ajibolade and Sankay, 2013, p.234). The reason for this is that the company’s internal funding may not be enough to fund the period between the purchase of inventories or raw materials until the collection of receivables (Gill, Biger, and Mathur, 2010, p.1). Having ...

Performance Measurement

Asset Utilization Revenue generation by each employee is perceived to be better for Boeing at $595,501.86, which may be due to a better employee retention policy. This was concurred by Boeing’s annual report where it revealed that the management has good relations with its employees since 38% are represented by unions (Boeing, 2016, p.20) with Lockheed at 18% (Lockheed, 2016, p.18). Due to the better employee retention, Boeing was able to generate a higher amount of sales based on its investor’s capital or equity at 15.02 but Lockheed was not lagging far behind at 14.90. The ...

Introduction to PepsiCo Incorporated

PepsiCo is an American multinational company having its origin in the United States. The company is a market leader in the global beverage industry. The biggest and worldwide competitor to PepsiCo is the Coca-Cola Company. PepsiCo serves the worldwide market and gain access to audience by mainly sponsoring sports events, players and teams.

Pro-Forma Financial Statements of PepsiCo Incorporated for 2016 (the next period)

This section is aimed at displaying the financial statements of PepsiCo for the next financial accounting period (2016) as well as the last statements for 2015. The pro-forma income statement and balance sheet are prepared by assuming a ten percent increase in sales revenue and cost ...

Current Challenges

JC Penney is a mid-size departmental store operator that is struggling with a myriad of challenges, among them, a tough operating environment, reduced sales and financial challenges. The retail has seen increased competition with the rise of e-commerce and companies like Amazon and E-Bay. In the last ten years, for instance, JC Penney stock has lost 86% of its value, from a high of $83.43 in March 2007 to a low of $7.70 in May 2016. In May 2016, the company announced a drop in sales in the first quarter, 2016. However, the company cut down on losses, from ...

MEMORANDUM

Dear Sir, This memo is written to address the problems faced by the Big Corp. as a result of the bankruptcy of its subsidiary Sub Corp. the memo discuss the different statutory and regulatory matters applicable in this matter. It also recommends the solution on whether the dividends paid by the company should be treated as a return on capital or ordinary dividends. At first, it is important to understand the basic difference between preferred and ordinary stocks. Preferred shareholders have a preferred claim to the earnings and profits of the company. When the company has excessive cash and ...

Bankruptcy is a legal status of a person, organization, or other entity unable to return the debts to creditors. Usually, in such cases people seek Chapter 11 protection from creditors to the court. This ends up the activity of the major organization, however, subsidiaries may still work in a normal regime. When talking about bankruptcy, it is impossible to omit the history of Lehman Brothers, fourth largest US investment bank until 2008. Established in the middle of 19th century by German immigrants Henry, Emanuel, and Mayer Lehman it was indeed too big to fall (Wiggins, Piontek and Metrick, 2014). ...

Introduction

Good governance and capital structure play a crucial role in the maximization of corporate profitability, either through an increase in profit margin or a reduction in capital cost or both (Uwuigbe, 2014), and in effect shareholders’ wealth. Companies who are aware of these factors in their objectives of profit maximization eagerly put their good governance principles into corporate codes, which act as valuable reference points in their governance decisions. As such, sound corporate governance engenders investor confidence in terms of capital preservation and acceptable returns of investments (Okiro, Aduda, & Omoro, 2015; Agyei & Owusu, 2014; Heng, Azrbaijani, & San, 2012). With ...

Discussion Board

Discussion Board

Randy’s decision to omit both the assets and the pending payments is because he wants the company’s financial statement to look good when the creditors assess at the company’s financial records. If he acted ethically and put the assets without having paid for them the creditors would most likely decline to give the company the loan, due to the outstanding debt. In this regard, I think Randy’s decision was ill intended and was misleading to the company’s creditors (Hogan, Rezaee, Riley, & Velury, 2008). Explain the circumstances under which Randy’s decision would ...

The financial managers are facing different challenges on a daily basis. Their duties consist of the preparation of reports, providing an oversight role in the function of accounting, managing cash of the company, and engaging in planning and investment strategies. Therefore, they are required to uphold the highest ethical standards. Ethics are the set of principles that are grounded on performing the right task by maintaining the moral values where the individual or business operates.

Article 1: The Challenges of Business Ethics – Management and the Question of Ethics

According to this article, ethics management may be considered as the component of the corporate social responsibility (Jamnik, 2011). Over the past five decades, ...

Introduction & Brief Description of Business

Entrepreneurship allows for the opening of new businesses bringing about jobs for the people in a community and revenue that benefits not only the business but also taxes for the city and the state. Entrepreneurs usually take advantage of processes to enable their success in business to include lean experimentation that allows for the resolution of risks speedily and with minimum resources thereby allowing for testing of a business model; the enactment of investing which permits the entrepreneur to confront risks in order of importance thereby having the ability to use only the resources that are needed to meet ...

The Financial Accounting and Standard Board (FASB) and the International Accounting Standard Board (IASB) apply to the AT&T Mobility because both are proposing changes in global accounting. Moreover, their rule provides more incentives for companies particularly in changing the terms of the contract in corporations to speed up revenues to achieve quarterly targets. Additionally, the treatment of revenues in AT&T Mobility, the proposal for the changes, may drive the inconsistent allocation of income in particular between its products and payable resources as well as the separation of hosting arrangements. Consequently, AT&T have changed its GAAP accounting to redefine the ...

2.6. Financial Analysis AP Moller Maersk is one of the renowned company in its industry and has been known to provide sustainable returns to the investors. However, the main aim of the financial analysis is not only to provide analysis relating to the company’s profitability, but also to provide an exploratory analysis and evaluation of the performance of APMM. More specifically, the analysis is based on four key qualities affecting the market value of a business, assessed by using traditional financial indicators. The analysis evaluates performance of APMM in liquidity, profitability, leverage and activity over the past 5 ...

Introduction

This paper seeks to conduct an analysis for the financial performance of Lexus in relation to other industry competitors; Jaguar, Mercedes, Porshe and BMW. In order to arrive at objective results, the analysis will compare various financial and performance metrics for the businesses. It is a purely objective analysis that will be based on the figures obtained from the annual reports of the companies.

Return on capital employed (ROCE)

Return on capital employed is a metric for a company’s profitability and the effectiveness of its capital employment. ROCE = Profits before interest and tax/Capital employed. A significantly huge amount of ROCE is a clear ...

Financial Statements

The Coca-Cola Company's fiscal year begins on 1st January every calendar year and ends on 31st December every calendar year. Since the 2016 fiscal year is not yet over or even half way through, this assignment assumes the 2015 fiscal year as the current one and uses data for the fiscal year ended 2015. The net income from the 2015 fiscal year is $7,351 billion. This is up from 2014’s net income of $7,098 billion. The net income, therefore, increased by $253 million which represents a 3.56% increase in net income ("The Coca-Cola Company", 2016). Net ...

Introduction

The information relayed by financial statements is the mirror through which an entity is viewed by the owners, shareholders, creditors, the regulatory authorities (governments), potential investors and all other stakeholders. The information obtained from these financial statements forms a reliable basis for the interested parties to evaluate the efficiency, profitability, and general performance of the business in a periodic manner, usually annually, semi-annually or quarterly. This paper seeks to examine the usefulness of such financial statements as the income statement, balance sheet and cash flows for Starbucks Corporation. The income statement is an analytical presentation of the total amount ...

Organization Performance Using Financial Ratios

Organization Performance Using Financial Ratios Ratio analysis refers to the process of determining, analysing and interpreting relationships by using financial statements. It is majorly used to evaluate various aspects of a firm’s financial and operating performance, such as profitability, liquidity, efficiency and solvency. The trend is then studied to determine whether they are deteriorating or improving (Nezlobin, Rajan, & Reichelstein, 2014). Financial ratio is an indicator used to analyse firm’s financial performance. The ratios are used by the creditors, accountants, analysts, shareholders and bankers to examine and evaluate data presented on a company’s financial statements (Nezlobin, Rajan, & ...

Financial Development and Economic Growth bear a strong relationship with each other. “Theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth” (Levine, 2005). Studies suggest that an economy’s financial system cuts transaction and information costs which in turn results into mobilizing savings, better investments and proper resource allocation. These in turn bring about innovation in technology, accumulation of capital and economic growth. Levine (2005) suggests that when financial intermediaries are present in the market, investors gain access to high quality and ...

Project Name

Introduction According to Biegelman and Bartow (2012), business entities after the Great Depression have streamlined their efforts towards identification and seizure of any potential business opportunity in a bid to emerge stronger and resilient. Some employees in these companies have however opted to engage in some fraudulent activities and this has stimulated the regulation authorities to beef up their investigations and enforcement mechanisms to curb the increasing rates of corporate fraud cases. Adelphia Communications Corporation was a successful business in the US founded by John Rigas, a son to a Greek immigrant. He was assisted by his two sons ...

Part 4 and Part 5 Final Paper

Actual changes that are eminent in the expounded Chapter three of ‘A History of Usury and Debts’ entails an in-depth insight of the connection between war, capitalism, Protestants as well as their significance in the development of banking and debts around the world, an ordeal which reflects the current status of financial markets. The author well explains Protestants' connection to usury and debt, and how the selection from the Roman Catholic influenced other themes in the chapter, such as war and capitalism (Geisst 107). Actual changes include the way the three themes related in the previous part is construed ...

Introduction 3

Comparative Financial Performance Analysis of Pepsi and Coca Cola for the Last Two Years (2014 and 2015) through Ratios and their Interpretations 3 Analysis of Profitability Ratios 4 Gross Profit MarginW 4 Net Profit margin 5 Return on Assets 6 Analysis of Solvency Ratios 7 Current Ratio 8 Quick Ratio 9 Analysis of Capital Structure Ratios 10 Debt-to-Equity Ratio 11 Interest Coverage Ratio 12 Examination of Efficiency Ratios 14 Days Sales are Outstanding 14 Days in Inventory 15 Payables Period 16 Findings and Recommendations 17

References 20

Comparative Financial Performance Analysis of Pepsi and Coca Cola Introduction Because of their global ...

Question 1.

The European Integration has undergone several changes to be what it is now. Several incidents and treaties marked the turning points for the EU in its infancy years to create a more stable and unified European cooperation. The Marshall Plan formed in 1948 consolidated democracy in Europe after the German defeat in the WW2 (Dinan 1122). The United States proposed the plan to speed up economic development in the transatlantic region. The plan saw the creation of the OEEC (Organization for European Economic Cooperation) liberalize trade and the Coal and Steel Community to oversee the extraction of coal in ...

Geisst R. Charles’, Beggar Thy Neighbor: A history of Usury and Debt.

Part 2: Description of Expected Plans of Revisions and Expansions.

This paper primarily focuses on examining the three themes that dominated the era of usury and debt. The segregation of Protestants from the main denomination, that is, the Roman Catholic Church, the subsequent wars and Capitalism are some of the major things witnessed during that era. This paper will explore the major themes while having a look whether there exist any form of connection between them. From the Authors point of view, there is a connection between the three themes therefore he discussed them as a single ...

Abstract

Debt covenants have become one of the major issues that affect the operations of the firm. Many scholars have come up with different ways in which they can leverage this problem. There are many theories of corporate governance that try to solve these problems that face managers of financial institutions. Most of these theories defy the debt covenant perspective and the corporate governance problems in relation to how equity and debt holders affect the director’s ability to act in the interests of the providers of capital. Banks as financial intermediaries have special attributes that increase the standard corporate ...

Part. 1 Concept introduction and analysis

Introduction This report presents a proposal for a restaurant establishment in Clarke Quay in Singapore. The report provides an overview of the proposed location and the market trends identifying the suitability of the proposed concept. To achieve that, the proposal involves analysis of the target market and the financial prospects of the business deciding on whether the model is viable.

Restaurant concept

Generic strategy The restaurant will have a premium pricing given the target customers it will be serving in Clarke Quay. The customers are mainly professionals and visitors with substantial income to afford the premium price for the food items ...

Abstract

Green, fair trade companies, face unique problems since they are not oriented to maximizing profits. Indeed, they aim at improving the welfare of the members and create social and environmental impacts. As such, there is a conflict of interests from the multi-objective stakeholders. However, the study shows that careful analysis of the problems and initiating problem-solving techniques such as participatory management, strategic plans and use of qualified personnel reduce the challenges. 1.0 Background of the Study This section entails the history of the company, vision, core values as well as the vision. Additionally, it outlines the events and activities ...

Financial Accounting

[Student ID] [Section No.] [Submission Date]

Computations of the 2014 liquidity ratios for Coca-Cola and PepsiCo

The computations of the 2014 liquidity ratios for Coca-Cola and PepsiCo, including the current ratio, accounts receivable turnover, average collection period, inventory turnover, days in inventory and current cash debt coverage, are provided below.

The 2014 liquidity ratios for Coca-Cola and PepsiCo

According to the above-performed analysis, PepsiCo had better liquidity ratios in 2014 comparing to Coca-Cola’s financial performance in this regard. Thus, PepsiCo’s liquidity ratios, such as the current ratio, inventory turnover and current cash debt coverage, are significantly larger than Coca-Cola’s similar financial figures. As a result, PepsiCo’s average collection period, as well as the ...

Liquidity Ratio: these ratios are useful to Al Meera Company to determine and measure its capacity to pay its compromises with banks and creditors. ■ Current Ratio: The calculations show a decrease between 2014 and 2015 from 1.93 to 1.65. That means that the company has 1.65 riyals of current assets per 1 riyal of current liabilities. The company reduced the cash and relative inventory positions from 2014 to 2015. ■ Quick Ratio: The calculations show an increase between 2014 and 2015 from 0.37 to 0.40. That means that the company has 0.40 riyals of cash equivalents per 1 riyal of ...

In America, central banking was introduced in 1913 with the establishment of the Federal Reserve System, based in Washington DC (Federal Reserve 10). Congress passed an Act that addressed the need for a central bank that ensures a stable, safe and flexible financial mechanism. The Federal Reserve provides oversight and regulatory functions over banks to protect clients, manages risk, implement monetary laws that boost the economy and offers services to government institutions (Federal Reserve 10). Based in London, the Bank of England is the central bank of the United Kingdom and it manages the central accounts of the government ( ...

Introduction

Current problem: Greece’s economy was in the brick of falling and other nations had to look for a way to stabilize their economy. Thesis statement: During an economic meltdown, there is no winner or loser since it affects everyone in one way or another. Coming together to save a failing economy is the only way out of a financial meltdown

Background

Greece was heavy in debt and could not borrow more to settle its creditors. The failing economy spiked major concern to its investors (Mattich, Could Greek Deal Be Bad For Eurozone Growth? par 1). Major Point 1: Despite ...

(2804 words)

QUESTION ONE

Identify and describe as many distinct sub-systems of Cash Mountain as you can. For ANY TWO of your identified sub-systems, describe the following system components: Banking is one of the most important foundations in business or personal financial development. Technology has been evolving rapidly from physical traditional banking (Cayazzo, 2006). There before, customer were availing themselves to the bank for any transactions or inquiries. Then banks began the operation of automated teller machine (ATM) making it easier for bank customers to access cash at their convenience. ATMs have evolved to a point where a customer can withdraw ...

The Influence of the Repeal of the British Usury Laws

Introduction The recent few years have experienced a dramatically high growth in the interest rates globally, which is also believed to have reach a historically high rate. This growth, with specific reference to the existing interest law, has resulted in serious concerns related to the development of credit markets. The reasons behind the efforts on developing credit markets is essentially due to the reason that in quite a few jurisdictions, the restrictions on usury or the interest have normally stayed at the lower level of interest rates that were formerly established. The ultimate outcome of this is that debtors ...

Agency is a legal relationship presupposing that a person represents another person and has a right to act for him/her. The person acting on behalf of the other is the agent. Principal is a person who the agent acts for.

The agency can be created:

Duties of an agent to the principal: Duties of e principal are stated in the contract and include: A principal is bound by the contract if the agent has the actual authority or the apparent authority. Actual authority can be express (based on the written or oral words) or implied (interpreted from words or conduct of the principal) Apparent ...

The creation of cash flow statement was done by the FASB so that the stakeholders of the business including creditors, owners, and managers can receive a higher amount of information about the receipts and expenditures of cash. Though there is the provision of showing the cash balances in the balance sheet at the end of every period, there is no further information given on the balance sheet, statement of owner’s equity or income statement. The creation of a cash flow statement solves this problem without fail. The basic purpose of a cash flow statement is the provision of ...

Chapter 4: The Great Experiment

American Bankruptcy The first stock market panic in the United States left many wealthy speculators in a terrible financial situation. William Duer, a prominent land speculator lost a lot and ended up bankrupt after overextending his borrowings. Congress was yet to pass a bankruptcy bill. Defaulters like Duer still faced jail time during this period. Under bankruptcy laws, one was set free from their debts and creditors had no claim over them. As time progressed, public opinion went against jailing small debtors and the law began to change.

Repeal of British Usury Laws

In Britain, people began to consider that to capitalize on the ...

Book Review

Protestants refer to any of the varied denominations of Christianity that differed and subsequently separated from the Roman Catholic Church based. The separation was occasioned by theological or political differences during the Reformation. Reformation was the religious movement of the 16th century that began as an attempt to reform the Roman Catholic Church, and it collapsed to the creation of Protestant churches. Capitalism, on the other hand, refers to the economic system based on private ownership of capital. War refers to an active struggle between competitive entities. Therefore, this paper will focus on examining these three themes that dominated ...

How the Changes in the Insolvency Act of Mauritius in 2009 Have Changed How Mauritius Handles Bankruptcy and Insolvency?

Insolvency is having more debts then assets that are available to pay them. Insolvency is also determined when a bankruptcy court decides that a person or a business cannot earn the needed funds to pay off all of their debts. The court can then choose to discharge some or all of the debts. This leaves the creditors not getting the money that they are owed. In many cases the insolvent is permitted to retain a few assets. The changes brought to the insolvency act of Mauritius in 2009 have modernized the way Mauritius deals with bankruptcy and insolvency. This ...

The Souk Al-Manakh was a classic financial bubble that comprised of investors from around the oil-rich Persian Gulf, and it exploded after confidence in the system was affected. In August 1982, Investors’ checks were reported to bounce and the stock market exchange buckled within a month. The Kuwaiti Ministry of Finance demanded the clearance of all postdated checks by Banks to speed the close down of the stock exchange. The Kuwaiti government conveyed a clearinghouse company that tried to solve disputes and other plights of the investors and brokers (Al-Deera Holding). The arbitration panel was expected to address all ...

Identify different users of accounting information and discuss the varying information needs of these users.

Users of accounting information are both - internal & external to the company in question. Internal users are the primary users of accounting information. They are company managers, employees and proprietors. Managers make use of the accounting information for analysis purpose regarding the company’s output and ranking so that suitable measures could be taken for bettering company performance. Next-in-line internal stakeholders are company employees. Their information needs are different from that of company managers. They use company information for measuring the earnings made by the company and deriving results thereof for relating with their future income and job safety; ...

This report analyses the most recent financial reports of two companies; Sino Gas and Energy of Australia (2014), and Solar World of Germany (2015). Sino Gas and Energy reported total provisions of $97,166 that constituted 0.09% of the total assets. Solar World reported total provisions of k€ 49,466 that constituted 5.69% of the total assets. The provisions for the two companies are listed below in descending order based on their book values:

Sino Gas and Energy $

Other provisions 60,837 Employee entitlements 36,329 Total 97,166 Solar world k€ Warranties 24,653 Pensions 10,704 Litigation risks 9,190 Other ...

The merger between the Bank of America and Merrill Lynch

Astute Diligence provides that there is a criterion followed before any acquisitions. Benchmarking of the performance of the company on sale is critical in that it provides the buyers with a background and stability of the shares they are about to purchase. Horizontal mergers may result in economies of scale as production is concentrated on fewer sites, labor, and capital used more intensively. It happens if companies that seek to merge are in the same line of production denoting that the business that buys will incorporate what it has been doing the acquired one. Other savings may arise from ...

20.2 Albert Beveridge, "The March of the Flag" (1898) 1. How does Beveridge characterize America's proper role in the world? He characterizes America as a land that can feed and clothe the whole world. He portrays America as a parent to the other nations of the world. In his description of America in relation to the world he also explains the nature of the people in the country as people from the most masterful blood of history. Also under religious background he mentions that the people in America are hand chosen by God. All these references indicate the superior ...

INTRODUCTION

Financial ratio analysis is one of the key techniques for evaluating a company’s financial position. Financial ratios help getting additional information about financial performance of a company that might not be obvious from its financial statements (Erhardt and Brigham 89). They enable the management to evaluate the operating performance of the company in dynamics. Besides, the managers may track their financial goals achievement with the help of this type of analysis as ratios are widely used in planning and setting future performance goals (1). Moreover, the ratios are used to compare performance of companies within one industry, including ...

Legal arrangement that offers management, distribution, and ownership of property is what is known as trust. Trust that has some terms and provisions that are not possible to change is what is referred to as irrevocable trust. Once a term has been fixed at the beginning of the contract, the guarantor has no power to alter the terms of agreement as it is done in a revocable trust (Thomas, 2013). Many benefits can be enjoyed by taking irrevocable trust. The most common benefits are to minimize tax on the estate, for minor family members, to help those who are financially irresponsible, ...