1. What was the strategic rationale behind the merger of Mellon and Bank of New York? The main rationale for the merger is that it fits well with the strategies of both banks. Bank of New York and Mellon are both well-managed firms with specific strategies for growth that complement each other well. Although slightly different in their core functions‚ both banks are focused primarily on Asset Management and Securities Servicing; Mellon having a stronger market position in the former and BNY the
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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Homework Assignment 1: MC 3. (A) MC 4. (D) MC 5. (B) 1) What are the three major business activities of a company that are motivated and shaped by planning activities? Explain each activity. Investing Activities: consists of the acquiring and disposing of assets needed to produce and sell a company’s products or services. These assets may be long-term or short-term assets depending on the nature of the company. Financing Activities: the methods companies use to fund the investments in assets
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ACCT622 -Advance Auditing Case 1.5 Leslie Fay Company Critique Case Discussion and Summary I felt the case discussion and summary was well done. It included the majority of the essential components of the case and the facts were summarized in a very organized fashion. The one item I did not find in the summary and the discussion is the final results of the case. After reading the summary it would have been helpful to include a summary of findings from the 600 page audit committee report submitted
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revenues of $1 billion. But there’s a catch. In the last couple of years‚ AOL has made $100 million in acquisitions that some analysts feel are languishing. Observers have also criticized the way AOL treats some of the costs of attracting new members as capital expenses. They say that AOL is more dependent than ever on attracting new members and retaining old ones‚ a process that has become more costly. According to Cowen & Co.‚ in the last quarter of 1995 AOL added 1.8 million new members‚ but
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The Natural World Genesis 1-11 is filled with references to the natural world. The first two chapters are essentially all about the natural world because they are about the creation of it. The bible states that God created the world in 6 literal days by speaking it into being. He created the stars‚ moon‚ and son. The earth and sky‚ animals and vegetation‚ were all spoken into being and he created everything at a stage of maturity so they everything could reproduce. At the end of every day He proclaimed
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Case #1‚ Part 1 “Don’t tell me we’ve lost another bid!” exclaimed Sandy Kovallas‚ president of Lenko Products‚ Inc. “I’m afraid so‚” replied Doug Martin‚ the operations vice president. “One of our competitors underbid us by about $10‚000 on the Hastings job.” “I just can’t figure it out‚” said Kovallas. “It seems we’re either too high or get the job or too low to make any money on half the jobs‚ we bid anymore. What’s happened?” Lenko Products manufactures specialized goods to customers’ specifications
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MBA 607 TERM Project For Professor Tomek Kopczynski Financial statement analysis and investment recommendation for: Rogers Communication Inc and TELUS Corporation Table of Contents The Communication Sector 4 Industry Overview 4 Key Industry Characteristics 4 Company overview 5 Rogers Communication Inc. 5 TELUS Corporation 5 Comparative Analysis 5 Overall performance: how well are the companies performing overall? 6 Management of financing and sources of capital: how well do the companies
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1 Corinthians 11:2-16 Corbin Randall The passage of 1 Corinthians 11:2-16 has caused great division in the church. What is the word “head” suppose to mean in this context?Are women to wear head covers? In what way is the head of man Christ? And why does Paul go into detail on creation? These are all questions that anyone might ask concerning this passage. From a personal examination‚ I would have to say that I agree with the main point of the complimentary perspective. In the body of Christ
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Due to the death of the last original founder‚ Lewis Hill‚ the financial condition was deteriorating under Hill’s last-year control. Owners of the firm decided to find a capable manager to improve the firm’s financial condition and reshape the company as well. Then‚ Vernon Albright was selected as the new president of this company. Lately‚ David Hartly became the comptroller assistant and was responsible to analyzing the firm’s financial conditions. PART II – METHODOLOGY A. Current Ratio:
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