of traditional internal debt finance? PDVSA should think about financing the development of the Orinoco Basin by using project finance. The company (PDVSA) is looking forward to the financing of a public-private “chain” of deals between PDVSA and other foreign organizations that posses technological know-how‚ crude oil marketing capacity and creditworthiness‚ to develop the Orinoco Basin. This is good to them because this type of deal will allow PDVSA to keep its debt and cash capabilities‚ in
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Proposition II states that higher debt does not affect cost of capital of a firm. The reason is that the lower cost of debt is offset by a greater cost of equity‚ which means investors demand a higher return on equity as a result of the higher risk coming with more debt‚ that holds the firm’s cost of capital unchanged. Based on the above proposition‚ moderate borrowing may not increase the return on equity. It is suggested that the firm’s capital structure (proportions of debt and equity) is irrelevant
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College Students and Credit Card Debt Debt has become a real issue in this economy and credit cards play a major role in assisting the problem. Adults are barely responsible enough to budget their expenses and credit card companies are now prying on college students. Just coming out of high school a 17-18 year old does not have the mind capacity to understand finances and the importance of a good credit history. The credit card companies bombard students with enticing offers of credit limits; cash
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The Mechanics of the 1720s Schemes for the Reduction of Public Debt in France and England‚ and the Subsequent Rise of Speculation in Early Equity Markets Student Number: 7421133. This thesis is 8‚349 words long‚ excluding the bibliography. This thesis is submitted in part fulfilment of the requirement for the degree of Bachelor of Arts in the Honours School of Economics and Economic History at the University of Manchester.
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Negative Consumer Behavior To fully understand what negative consumer behavior is and what makes a bad customer‚ we first have to understand what "consumer behavior" is. In their book‚ "Consumer Behavior: Concepts and Strategies‚" Berkman and Gilson (1981) say that the American Cultural System‚ which is made of values and artifacts‚ strongly influences consumer activity in the United States. "In the twentieth century‚ American Culture reflected a distinct consumption ethic based upon affluence
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In this document of SOC 331 Week 4 Discussion Question 2 Commutative Justice and the National Debt you will find the next info: In Chapter 4 of the text‚ the author examines commutative justice across the generations (see Section 4.5). This idea arises from the writings of British political thinker Edmund Burke (1790): Sociology - General Sociology Commutative Justice and the National Debt . In Chapter 4 of the text‚ the author examines commutative justice across the generations (see
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Rizal offered his services as a military doctor in Cuba due to the throes of a revolution and the ranging yellow fever epidemic knowing from Blumentritt that there was a shortage of physicians to minister the needs of the Spanish troops and the Cuban people. Rizal wrote to Gov. General Ramon Blanco on Dec. 17‚ 1895 offering his services as a military doctor in Cuba. Months passed and a letter from Gov. Blanco arrived in Dapitan dated July 1‚ 1896 notifying him
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operation‚ conditions for bad debts purchased‚ and main activities of Vietnam Asset management Company. The study also deals with bad debt solving process of Vietnam Asset Management Company as well as its weaknesses‚ causes... The Vietnam Asset Management Company‚ a powerful legal entity established to restructure the bad debts of the State Bank of Vietnam is expected to help decrease bad debts to manageable levels by 2015. Vietnam Asset Management Company can not solve the bad debt issue alone but will
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Bad Debts and Doubtful Debts Editorial This month we feature a topic that often causes students some difficulty‚ that of Bad Debts and a provision for Doubtful Debts. The writing off procedure for a bad debt is often handled competently by students in an examination environment but raising an initial provision for bad debts and its subsequent revision in the form of an increase or decrease can be difficult to deal with. This paper therefore should be of particular interest to our registered
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generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding fiscal reporting period." Percentage of sales method is a good way to see an estimate for bad allowance under the Henerally Accepted Accounting Principles (GAAP).For GAAP it does not allow a direct write
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