Republic of the Philippines SUPREME COURT Manila FIRST DIVISION G.R. No. L-29485 November 21‚ 1980 COMMISSIONER OF INTERNAL REVENUE‚ petitioner‚ vs. AYALA SECURITIES CORPORATION and THE HONORABLE COURT OF TAX APPEALS‚ respondents. TEEHANKEE‚ J.: Before the Court is petitioner Commissioner of Internal Revenue’s motion for reconsideration of the Court’s decision of April 8‚ 1976 wherein the Court affirmed in toto the appealed decision of respondent Court of Tax Appeals‚ the dispositive portion of
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Adelphia Communications Corporation Adelphia Communications Corporation was one of the largest cable and internet providers in America prior to its declaration of bankruptcy in 2002 due to internal corruption. The executive officers of Adelphia inflated the stock price of the company by falsifying their financial records as well as funneling their debts into other smaller firms so that the large amounts of debt did not show on their financial reports. This lead investors to believe the company
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The Target Corporation is an upscale retail store. Their slogan “Expect More-Pay Less”‚ lends itself to their belief that they offer high quality and trendy products at a reasonable discount price. Target also has expanded its store into an online store Target.com‚ the Super Target which offers groceries. The Target store has much strength that makes it stand apart from other super discount retail stores. I looked into these strengths‚ along with weakness‚ through research material and surveying
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Introduction In the recent decade‚ international human resource management (IHRM) experienced tremendous research growth due to the increase number of organizations begun to extend their businesses into overseas markets. Multinational Corporation (MNC) is the term used to describe a business with overseas operation. Some of the main reasons for the growth of interest in IHRM are: 1) the number of MNC has increased with rapid growth of global competition which resulted in increased mobility of
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MULTINATIONAL CORPORATIONS’ ACTIVITY IN RUSSIA: PROBLEMS AND PROSPECTS Aliyev E. V.‚ 3rd year‚ Institute of Economics‚ Management and Environmental Studies‚ Siberian Federal University Supervisor- Berezova K. G. One of the most actual tendencies associated with globalization is a growing influence of multinational corporations (MNCs) on local economical environments. During recent decades‚ Russia turned from an isolated economic unit to a host country for foreign capital flows. Multinational
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By Pocholo Concepcion Philippine Daily Inquirer First Posted 18:28:00 01/17/2011 Filed Under: Music‚ Entertainment (general) MANILA‚ Philippines – Everything is interconnected‚ Joey Ayala sang in “Magkaugnay.” But while his song refers to the link between humanity and the environment‚ it might as well apply to what happened last Thursday night in two different clubs. At the new Merk’s Place on Pasay Road‚ Makati‚ a young guy named Chris Carandang was onstage singing Leonard Cohen’s “Hallelujah”
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Marriott Case 1. What is the WACC for Marriott Corporation? Cost of Debt Tax Rate We determined this number by taking income taxes paid/EBITDA = 175.9/398.9 = 44.1% Return on debt There are two clear components of debt: fixed and floating. In order to get the fixed debt rate we took the interest rates on fixed-rate government securities and added the premium
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One of the defining characteristics of Canada are crown corporations. Crown corporations are central to Canadian government. They remain central to Canadian life because they are part of every sector of social and economic services. From the oldest‚ Canada Post to the Royal Canadian Mint‚ they revolve around every citizens life and provide valuable services to members of the public. According to the author Jan Pavel of Crown Corporations and Government Divestment‚ Statistics Canada chooses for the
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The Corporation by Joel Bakan With the first corporation being found in the fourteenth century‚ the rise of one of the world’s most dominant institutions began. Today fifty-one of the hundred largest economies in the world are corporations while only 49 are countries‚ when comparing the corporate sales revenue and country GDPs (Shah‚ 2002). Due to their size and power‚ corporations increasingly exert influence on society and the environment in a negative way. But instead of blaming the system
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Service Corporation International This case entails Merger and Acquisition analysis of Service Corporation International’s (SCI). SCI has historically relied on growth through acquisitions‚ which has helped it with synergies due to the “cluster” approach. The growth through acquisition has turned out to be effective strategy to build on synergies by sharing various costs such as cremation‚ transportation‚ staffing‚ and inventory to achieve economies of scale. Further the three criteria of finding
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