Essays on Indebtedness

Background Information

Compass Minerals International Company produces and sells minerals which may include salt, fertilizers and magnesium chloride. The company has its base in Kansas City and offers its products and services to customers in Canada, North America, and the UK. Also, the company also offers records management services to business in the United Kingdom. The business operates two segments namely salt and plant nutrition. The Salt segment focuses on mining and producing salt related products such as Magnesium Chloride and Sodium Chloride. On the other hand, the plant nutrition segment focuses on coming up with products such as sulfate of ...

The financial system of a country is comprised of banks, central bank, securities markets, insurers, pension and mutual funds, market infrastructures in addition to the supervisory and regulatory authorities. The markets and institutions provide a unique framework for conducting economic transactions and monetary policy while also assisting in channeling savings into investment to spur economic growth. Any problems in the financial system not only undermine the effectiveness of the monetary policies, but they disrupt financial intermediation, trigger exchange rate pressure and capital flight, create unbearable fiscal costs due to the need to rescue troubled financial institutions, and exacerbate economic ...

Introduction

Question 1

The governments contented that its claim for Atlantic Trading Company income taxes ,was claimed to be entitled to first priority rule as an administrative expense instead of the unsecured tax claim since the said taxes of the state were not just any tax but tax specified in the 507(a)(7)(A)(iii) pursuant to 503 (b) (1)(B)(i). The government failed to file the immediate proof of the claim. Since the company made profits in which it was to remit some percentage to the government, the government was not supposed to make administrative expenses on the company. The ...

1. Introduction The Enron collapse, occurred in October 2001, consequently caused the bankruptcy of the whole Enron Corporation, the world’s leading energy, commodities and services company, as well as the dissolution of Arthur Andersen, which was one of the top five largest audit and accountancy firms in the world. Noteworthy it was not only the largest bankruptcy proceeding in American history at that time, but also the most serious audit failure, so that one says, “Enron is fraud and fraud is Enron”. The rise of Enron was almost as fast as its failure. Actually, it was an ...

This Paper was prepared for_________ taught by___________

Introduction. Interpreting financial statements (FS) requires a thorough understanding of basic principles of accounting and reporting. This paper discusses such concepts as accounting equation and basic formats of FS, role of international financial reporting standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) and The U.S.Securities and Exchange Comission (SEC) in the reporting process. Principal financial concepts. US GAAP are a set of accounting standards used by US companies for financial reporting. They are introduced by the Financial Accounting Standards Board (FASB) in compliance with SEC regulations and FASB mission of setting and improving principles of accounting and reporting which ...

In the real estate, financing has become the most complex element of transactions in both residential and commercial markets. Mortgaging and other financing options drive a multi-billion dollar industry allowing a majority of the home owners to purchase property only a fraction of the price of the property they wish to purchase . Due to the increasing influence of the federal government on the real estate market and the truth that mortgages are a form of investment made the forms required to develop a typical real estate market uniform. Mortgage refers to the art of connoting an instrument signed by the mortgagor and the mortgagee ...

Development Theory

The development theory failed during 1790s. There are several reasons or the failure of the developmental theory. These reasons include increase in the indebtedness, the return of funds to the United States immediately after second war with England, and increase in the debt in the war year. The debt has impacted the economy of the United States badly, and the purpose of economic development remained behind. The developmental theory in which the economic growth and development was emphasized, however, could not be implemented due to the poor condition of the economy. In 1790s, most of the economies have shown ...

Introduction

The Great Depression was a worldwide economic depression that took place in the decade preceding the Second World War. In most nations, it started in the year 1929 to the middle 1940s. This was the longest, deepest, and most widespread depression in the 20th century. This tragedy put millions of American citizens out of work, resulting in government involvement in society and the economy.

Cultural and Historical Context

The Great Depression took place at a time when many people had become interested on the stock market. Many others were working in industries and the economy was doing quite well. The local farmers produced enough to ...

UNIVERSAL HEALTH SERVICES

Company Overview Universal Health Services, Inc. is America’s fifth largest hospital operator as well as the largest publicly-traded psychiatric and substance abuse facility operator. It owns and operates 23 acute care hospitals, and 197 behavioral health centers; it has also acquired Ascend Health Corporation in October 2012. The various forms of services that the hospitals provide include specialty and general surgery, internal medicine, obstetrics, radiology, oncology, pediatric services, pharmacy services and behavioral health services. All the capital resources that are required in the facilities are provided by the company itself along with other resources like the information ...

In defining poverty, there is a general agreement that there exists no universally accepted definition for this term. However, a number of attempts have been made by different authors and international institutions to define it. According to Chimanikire, poverty has a variety of manifestations that include lack of income and productive resources enough to guarantee sustainable living; “hunger and malnutrition; ill health; limited or lack of access to education and other basic servcies; increased morbidity and mortality from illness; homelessness and inadequate housing; unsafe environments; and social discrimination and exclusion”(Chimanikire 3). Poverty is as well characterized by lack of taking part ...

EXTERNAL DEBT SUSTAINABILITY OF U.S: A NONLINEAR APPROACH

Abstract The main objective of this paper is to carry out an investigation of the sustainability of external debt of US through a non-linear approach. We are first going to test the non-linearity and non-stationary nature of the data simultaneously. We are then going to test the linearity of the ratio against the threshold autoregressive using the TAR model. The US debt sustainability has been an issue of global concern for quite some time now. We are going to analyze it using the MS unit root test which is applied to the debt flow for the current account. The ...