The Principle of Separate Corporate Personality The principle of separate corporate personality has been firmly established in the common law since the decision in the case of Salomon v Salomon & Co Ltd‚ whereby a corporation has a separate legal personality‚ rights and obligations totally distinct from those of its shareholders. Legislation and courts nevertheless sometimes "pierce the corporate veil" so as to hold the shareholders personally liable for the liabilities of the corporation. Courts
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Solution to Case 23 Evaluating Project Risk It’s Better to Be Safe Than Sorry! Questions: 1. What seems to be wrong with the way the NPV of each project has been calculated? Indicate without any calculations‚ how Pete and John should go about recalculating the projects’ NPVs. The NPV of each project has been calculated by discounting the cash flows at the 8% before-tax cost of debt. This is incorrect. Since the company has debt‚ preferred stock and common
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Fluid-Flow Principles 1. Introduction 1.1 Definitions 1.2 Notation and fluid properties 1.3 Hydrostatics 1.4 Fluid dynamics 1.5 Control volumes 1.6 Visualising fluid flow 1.7 Real and ideal fluids 1.8 Laminar and turbulent flow 2. Continuity (mass conservation) 2.1 Flow rate 2.2 The steady continuity equation 2.3 Unsteady continuity equation 3. The Equation of Motion 3.1 Forms of the equation of motion 3.2 Fluid acceleration 3.3 Bernoulli’s equation 3.4 Application to flow measurement
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Solutions Manual Fundamentals of Corporate Finance 9th edition Ross‚ Westerfield‚ and Jordan Updated 09-29-2010 CHAPTER 1 INTRODUCTION TO CORPORATE FINANCE Answers to Concepts Review and Critical Thinking Questions 1. Capital budgeting (deciding whether to expand a manufacturing plant)‚ capital structure (deciding whether to issue new equity and use the proceeds to retire outstanding debt)‚ and working capital management (modifying the firm’s credit collection policy with its customers)
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Application of Category Management Principles Retail Buying and Category Management Submitted to: Submitted by: Mr. Sanjay Kumar Chitrangad Bareja Asst. Professor MFM Semester 2 NIFT Jodhpur (2012-14) National Institute of Fashion Technology Ministry of Textiles Jodhpur
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Għ.S.L. Online Law Journal 2013 The Principle of Separate Corporate Personality RUTH BONNICI A commercial partnership has a legal personality distinct from that of its member or members‚ and such legal personality shall continue until the name of the commercial partnership is struck off1 the register.2 This separate juridical personality comes into being upon registration of a new company as one of the first legal effects of registration. The position as it had been under the Commercial
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MATTHEW YACHTS‚ INC. This is an excellent case to address the characteristics of process-oriented vs. repetitive vs. product-oriented production. 1. Matthew Yachts is profitable‚ thanks to its custom-designed yachts. Its management experience appears to have competitive advantage in custom-designed yachts‚ hence the higher profit margins. However‚ since the demand for the “fixed” design is growing‚ expansion into this area‚ with its repetitive-oriented layout and procedures (see Table 7.2 and
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asset-backed financings or single-lessee leasing arrangements. 2.) Even though the investment risk is greater than 10% of the total assets for LeaseMed‚ you still have to demonstrate that the equity is sufficient to permit the legal entity to finance its own activities according to ASC 810-10-25-45a‚b‚c. LeaseMed does not meet qualification A because it is not able to issue investment grade debt and there is no evidence that it has invested into other similar entities (qualification B). So it
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Assignment 1 NPV: = -PF + FV /(1+r) PV = FV/(1+r) or PV = C1/1-r + C2/(1-r)2 + .. + CT/(1-r)T Rate of return: R=(Vf-Vi)/Vf Rate r compounded m times a year: FV = C(1+r/m)mt 10% semiannually = 10.25% annually‚ Hence 10.25 is said to be the Effective Annual Yield (EAY) 1+EAY = (1+r/m)mt Assignment 2 Perpetuity The value of D received each year‚ forever: PV = D/r Annuity The value of D received each year for T years: PV = (D/r)*[1 – 1/(1+r)T] Growing Perpetuity PV = D/(R-g) R: the
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Venue: An auditorium or hall with yacht lovers and people who are interested in purchasing yachts in the near future. The average age of the crowd would be around 45 and above. Topic: Azimut Yachts‚ their history and the brilliance of the firm. Good Evening Ladies and Gentlemen‚ It is with great pleasure I welcome you today to this ceremony celebrating the 50th anniversary of our company. You all have been related in some form or another with our firm and that is why we have invited you all
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