REVENUE ALLOCATION FORMULA IN NIGERIA INTRODUCTION Prior to the discovery of oil in Nigeria‚ other sectors of the economy thrived. Agriculture‚ for instance‚ was a major source of revenue for the Western Region. The Eastern Region that was less endowed devised other sources of revenue. All this has however changed since the discovery of oil in the country. This has led to the demise of the other productive sectors of the economy. In fact‚ Nigerians are poorer today than they were in the pre-oil boom
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INTRODUCTION Background of Company Luotang Power is a coal-fired power plant located in central China. This company is a subsidiary of China Hua Tong Power (HT Power). The main activity of this company is to generate electricity. Luotang Power operates using a 600 MW coal-fired power plant and sells the generated power to their primary customer‚ the Hubei Provincial Power Company (HPPC). HPPC was the only company in Hubei Province that owned all the power transmission and distribution facilities
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there is a constant give and take environment over energy. The use of fossil fuels and coal has become politically incorrect in our green-centric society. The use of media and spin is one of the most important tools being used by companies that make use of fossil fuels. There is an economic incentive for these companies to downplay the potentially harmful nature of these energy sources. While the usage of coal and other fuels is easy‚ it is also seen by many as environmentally and morally reprehensible
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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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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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the coal extraction industry in Walker County‚ Alabama‚ can be a fulfilling occupation. However‚ WebMD warns that coal workers’ pneumoconiosis‚ or CWP‚ is a debilitating and even fatal occupational disease that anyone in that profession should be aware of. Miners who manufacture carbon black and carbon electrodes‚ those who work directly in the mines‚ and those who mill graphite are particularly at risk. A person who is constantly exposed to airborne respirable coal dust may develop a coal macule
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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Valuation & Allocation Models Dr. Edward Yardeni (212) 778-2646 ed_yardeni@prusec.com Amalia F. Quintana (212) 778-3201 mali_quintana@prusec.com - Introduction I. Fed’s Stock Valuation Model How can we judge whether stock prices are too high‚ too low‚ or just right? The purpose of this weekly report is to track a stock valuation model that attempts to answer this question. While the model is very simple‚ it has been quite accurate and can also be used as a stocks-versus-bonds asset allocation tool
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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