I. Internet or Online Banking Internet banking is the act of conducting financial intermediation on the internet. It includes offering of information and selected services through the World Wide Web by banks and other financial service firm. For those who are quite new to the concept of online banking‚ this type of service offered by banks actually works the same way as traditional banking. The major difference lies in the convenience offered by online banking particularly when it comes to making
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Freire’s essay “The Banking Concept of Education”‚ he discusses the importance of a student-teacher relationship and the issues of the educational system. The banking method signifies how teachers “fill” up their student’s minds with knowledge without any questions. This method‚ Frerie believes‚ limits the student’s capability to think for them-selves that leads for students to constantly rely on information from their teachers. Freire then proposed a solution for the banking concept called “problem-posing
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Branchless banking is a distribution channel strategy used for delivering financial services without relying on bank branches. While the strategy may complement an existing bank branch network for giving customers a broader range of channels through which they can access financial services‚ branchless banking can also be used as a separate channel strategy that entirely forgoes bank branches. According to a 2011 survey‚ 62% of respondents said the Internet is their preferred banking method. Only
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Task 1.1: 1. There are some key trends which may have infections to Elecdyne during the next 5 years‚ those factor are shown as follow: • Globalization in all industry may become a very important trend to the company. Because all of the top management team have learnt English‚ and several of them have studied abroad‚ that may lead an opening change from the top to the bottom‚ from minds to actions. • Trade with more and more Asia countries may become a popular tendency to Elecdyne because most
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Which of the following statements is not true regarding the goal of financial management? The goal of maximizing the value per share of existing stock is relevant to all organizations. A way of aligning management goals to shareholder’s interest is to tie managerial compensation to the market value of the firm’s stock. For a company considering international operations‚ the goal will be the same but the company will have to consider the local social‚ economical and political
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1. (TCO 1) What is the goal of financial management for a sole proprietorship? (Points : 3) decrease long-term debt to reduce the risk to the owner maximize net income given the resources of the firm maximize the market value of the equity minimize the tax impact on the proprietor minimize costs and increase production 2. (TCO 1) Which of the these activities is not a capital budgeting task? (Points : 3) determining the amount
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George Stamper‚ a credit analyst with Micro-Encapsulators Corp (MEC) needed to respond to an urgent email request from the southwest sales office. The local sales manager reported that she had an opportunity to clinch an order from Miami Spice (MS) for 50 encapsulators at $10‚000 each. She added that she was particularly keen to secure this order since MS was likely to have a continuing need for 50 encapsulators a year and could therefore prove a very valuable customer. However‚ orders of this
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Balance Sheet as of December 31‚ 2010 | Gary and Company | Cash | $45 | | Accounts payables | $45 | Receivables | 66 | | Notes payables | 45 | Inventory | 159 | | Other current liabilities | 21 | Marketable securities | 33 | | Total current liabilities | $111 | Total current assets | $303 | | | | Net fixed assets | 147 | | Long Term Liabilities | | Total Assets | $450 | | Long-term debt | 24 | | | Total Liabilities | $135 | | | |
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Lease versus Buy Analysis Why Buy It When You Can Lease It? Questions: 1. What are the different kinds of leases available and which one would be best suited for Paulo’s restaurant? Explain why. Leases can be broadly categorized into two types‚ financial and operating. Financial leases are generally longer-term‚ fully amortized‚ and not cancelable without a hefty termination penalty. Operating leases are usually shorter-term‚ partially amortized‚ and cancelable on short notice. Financial leases
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FINC2011 Tutorial 1 BMA Ch.1 Problems 1‚ 2‚ 3‚ 4‚ 7‚ 9‚ 10‚ 11‚ 12 |1.| |Read the following passage: “Companies usually buy (a) assets. These include both tangible assets such as (b) and | | | |intangible assets such as (c). To pay for these assets‚ they sell (d) assets such as (e). The decision about which | | | |assets to buy is usually termed the (f) or (g) decision. The decision about how to raise the money is usually termed | | | |the (h) decision.” Now fit each of the following
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