The Matching Principle: Insights into Earning’s Usefulness to Investors.$ Harm Sch¨tt u Haas School of Business University of California at Berkeley Abstract This paper argues that matching expenses to revenues increases earnings’ usefulness to investors by providing an accounting rate of return (ARR) closer to current economic profitability. To test this‚ I estimate a proxy for a firm’s internal rate of return (IRR) in order to approximate the distortion between ARR and IRR. Results show that
Premium Depreciation Net present value Generally Accepted Accounting Principles
FINC 5001 Capital Markets and Corporate Finance Tutorial Questions and Solutions Topic 1 – Preliminary concepts Discussion Question 2 The text refers to three types of financial decision – the investment decision‚ the financing decision and the dividend decision. Describe each in detail‚ and explain how these decisions relate to the corporate objective. Categorise each of the following decisions in terms of whether it is an investment‚ financing or dividend decision and explain why it is in that
Premium Investment Finance Rate of return
Chapter 1: 21st-Century Supply Chains Study Questions 1. Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. Back then‚ the traditional distribution channels typically had an order time of 15-30 days. If something went wrong‚ it would unfortunately increase delivery time. The main goal of the traditional model was to ensure availability of products. 2. What specific role does logistics play in supply
Premium Supply chain management Supply chain Service provider
Chapter 2 Early Civilizations in Mesopotamia Cumulative effects of agriculture + wave of technological changes around 4000 B.C.E. = generated civilizations as a new organizational form The process of agricultural economies = civilizations began in the Middle East. The Sumerians Sumer 1st river valley civilizations Major floods occurred Northeastern section along the Tigris and Euphrates Rivers that lead to the Persian Gulf Rainfall is scant Generated large food surpluses = population
Premium Sumer Mesopotamia Ancient Egypt
Poverty level in Phl unchanged since ’06 By Ted Torres (The Philippine Star) MANILA‚ Philippines - The percentage of Filipinos living below the poverty line has remained almost unchanged in the past six years‚ according to the latest poverty data released by the National Statistical Coordination Board (NSCB) yesterday. The recorded poverty incidence for the first half of 2012 was 27.9 percent‚ slightly less than the 28.8 percent recorded in the first half of 2006‚ and 28.6 percent in the first
Premium Poverty Poverty in the United States
of the U.S. Senate in 1953‚ married his wife‚ Jacqueline Bouvier‚ on September 12th‚ 1953‚ and won the Pulitzer Prize for his book‚ “Profiles in Courage”‚ in 1957. This all occurred before he ever stepped into the Oval Office. At his inauguration‚ JFK first said the famous quote‚ “Ask not what your country can do for you--ask what you can do for your country.” (whitehouse.gov) President Kennedy believed in fighting for equal and civil rights‚ and he avoided nuclear warfare with Cuba.
Premium John F. Kennedy Lyndon B. Johnson John F. Kennedy assassination
Raven Wing April 3‚ 2013 JFK Assassination On November 29‚ 1963‚ our 35th President of the United States‚ John Fitzgerald Kennedy was assassinated in Dallas‚ Texas. A young and vigorous leader who was a victim of the fourth Presidential assassination in the history of a country. This assassination was known as a world tragedy‚ and a great lost to our nation. Many conspiracies were formed while the investigation of his assassination
Premium
Research Paper Outline How do animals endangered because of deforestation affect the Wayuu people? I. Introduction paragraph- Explain the topic and research question A. Background information 1. General overview of deforestation; statistics 2. Wayuu people intro B. Thesis statement II. Body paragraph #1- Explain deforestation A. Deforestation 1. Where? a. Statistics b. South American deforestation c. Venezuelan deforestation 2. Why? a. Coal mining b. Cattle ranching c. Government
Premium Biodiversity Extinction Deforestation
rang out. Kennedy was shot twice by his assassin‚ Lee Harvey Oswald‚ who murdered himself two days later. But why did Oswald decide to shoot Kennedy‚ and how was he able to assassinate the most powerful man in the world? Well‚ the assassination of JFK happened because of Oswald’s
Premium
Analyzing the Rhetoric of JFK’s Inaugural Address Topic: John F. Kennedy’s Inaugural Address Grade Level: 9-12 Subject Area: English Language Arts Time Required: 1-2 class periods Goals/Rationale An inaugural address is a speech for a very specific event—being sworn into the office of the presidency. The speeches of modern presidents share some commonalities in referencing American history‚ the importance of the occasion‚ and hope for the future. Each president‚ however‚ has faced the particular
Premium John F. Kennedy Lyndon B. Johnson John F. Kennedy assassination