the effects of stock splits and other adjustments‚ it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks‚ but rather the sum of the component prices divided by a divisor‚ which changes whenever one of the component stocks has a stock split or stock dividend‚ so as to generate a consistent value for the index. Along with the NASDAQ Composite‚ the S&P 500 Index‚ and the Russell 2000 Index‚ the Dow is among the most closely watched U.S
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CORPORATE INSOLVENCY 1. VOLUNTARY ADMINISTRATION When company is put under VA‚ it will go through 2 phases. The first phase is company enters into VA‚ which commences with the appointment of administrator: s 435C(1). In this phase‚ the company is put under moratorium. Under moratorium: * Creditors should stay all legal proceedings against the company except by the administrator’s consent or court’s order : s 440D * A company under VA cannot be wound up voluntarily except as provided
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TIME VALUE OF MONEY 1. If you were scheduled to receive Rs 100‚000 five years hence‚ but you wish to sell your contract note for its present value‚ which type of compounding would you rather have the purchaser of your contract note to use to find the purchase price‚ 8 percent compounded: (a) (b) (c) (d) (e) Continuously Quarterly Semi-annually Annually None of the above 2. According to the rule of 69‚ the doubling period is equal to (a) (b) (c) (d) (e) 0.25 + (69/ Interest rate) 0.35 + (69/ Interest
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THE CORPORATE GOVERNANCE PRACTICES IN INDIA By Mrs.ShilpaJain Faculty Members ICFAI National College Yamuna Nagar- Haryana INTRODUCTION: Corporate governance is defined as the system by which business entities are monitored‚ managed and controlled. Corporate governance practices have become an essential prerequisite for the ability to acquire and retain financial resources
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Downsizing has become an extremely popular strategy in today ’s business environment. Companies began downsizing in the late 1970 ’s to cut costs and improve the bottom line (Mishra et al.‚ 1998). The term "downsizing" was coined to describe the action of dismissing a large portion of a company ’s workforce in a very short period of time. According to online encyclopedia http://en.wikipedia.org downsizing refers to "layoffs initiated by a company in order to cut labor costs by reducing the size
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Productivity Environmental Preference Survey The areas that I was the highest in were tell me that I prefer to study in light‚ warm places. I am persistent about getting my work done but love to be with Peers. I do best in a structured sitting with authority figures present. I am also a very kinesthetic and have high intake. This inventory also told me that I prefer quiet areas when I study‚ that I am not a very responsible person and that I am not a visual learner. If I could pick a time of day
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Homesickness is the experience of longing for one’s home during a period of absence from it. In “Snapping Beans” by Lisa Parker the idea of homesickness is a described as a young girl and her grandmother snap beans together after she returns from college. Although the snapping of the beans is a very important aspect of the poem the symbolization of a “hickory leaf” is far more important than this simple yet important and homely task. The summer green hickory leaf represents the girl breaking away
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MGMT640 – Textbook Notes PART 1 FUNDAMENTALS OF CORPORATE FINANCE Chapter 1 – The Financial Manager and The Firm 1.1 The Role of the Financial Manager * financial manager should make decisions that maximize value of owners stock/wealth – wealth is the economic value of the assets someone possesses * stakeholders – anyone other than an owner (stockholder) with a claim on the cash flows of a firm‚ including employees‚ suppliers‚ creditors‚ and the government * productive
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Corporate crimes are crimes committed by corporate officials that are in the interest of the corporation. They can be hard to detect and can include embezzlement‚ falsifying financial statements and bribery. Three main factors were made to assist in understanding the theory of corporate crime‚ such as the drive for profit. This is important because all companies want to pursue making money in any way possible‚ yet some choose illegal and deceitful actions as others do not. Using the structure of
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We’ve seen that the financial manager acts in the best interests of the stockholders by taking actions that increase the value of the stock. However‚ in large corporations ownership can be spread over a huge number of stockholders. This dispersion of ownership arguably means that management effectively controls the firm. In this case‚ will management necessarily act in the best interests of the stockholders? Put another way‚ might not management pursue its own goals at the stockholders’ expense?
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