Introduction The source of finance that is the issue of from where to get funds to start‚ develop or expand a business is very important for the future of the business. Success of business and its operations depends largely on choosing the proper sources of finance and the purposes for which the fund is sought. For this reason study of different available sources‚ their advantages‚ limitations in respect of cost‚ period of time‚ rate of return‚ usability of funds and outcome of the funding repayment
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took 20000 shares of £ 1 each and debentures worth £ 10‚000. These debentures ensured that the organization possessed Salomon £ 10000 and made a charge on the organization’s benefits. One share was given to each outstanding individual from his family. The organization went into liquidation inside a year. Its resources adding up to £ 6‚000 were lacking to fork over the required funds and the customary loan bosses got nothing. The outlet tried to have the debentures wiped out on the ground that the
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Introduction In 1897 the case of Salomon v A. Salomon & Co. Ltd was concluded‚ a highly regarded case within company law due to the Separate Entity Principle outlined‚ the principal which became widely known as the Salomon Principle. This piece will summarise the case in order to identify the importance it has in company law‚ along with identifying under what circumstance the Salomon Principle might be ignored by the courts. The final section will conclude with a subjective view of the Salomon Principle
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gives the dollar value‚ the current yield is the interest on bonds subtracted unless deducted in the price to make themcompetitive‚ bond holders are the owners and the rate of return required to reinvest. Distinguish between debentures bonds and mortgage bonds. Debentures bond-insured credit of a corporation and / or promise of payment of a corporation and they do not have collateral‚ are the most pay interest and because they have no collateral‚ are the safest and have the same buildings as collateral
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assets Intangible Assets Balance Sheet - Liabilities Current Liabilities and Provisions ● ● ● ● ● Creditors Accounts/ Notes payable Accrued liabilities Income Tax payable Debt/ Loan ● ● ● Short term and long term Secured and unsecured Debentures and bonds ●Preference share capital ●Equity Capital ● ● ● Paid-up capital Reserves and surplus Income Statement ● Income ● ● ● Expenses ● ● ● ● ● Sales Other income Operating expenses Financial expenses Tax provision Net profit Appropriation
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murder weapon. Morse looked in vain for clues in Thorndike’s office. He had to take another tack. He decided to investigate the financial circumstances surrounding Thorndike’s demise. The company’s capital structure was as follows: • 5% debentures: $250 million face value. The bonds matured in 10 years and offered a yield of 12%. • Stock: 30 million shares‚ which closed at $9 a share the day before the murder. Yesterday Thorndike had flatly rejected an offer by T. Spoone Dickens to
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provides useful services to the investors and borrowing companies. Stock exchange is an organized market for buying and selling of securities. In the stock exchange‚ the sale and purchase of securities like shares and debentures‚ issued by public companies‚ and bonds and debentures‚ issued by government and public corporations are done. According to: The Indian Securities Contracts (Regulation) Act of 1956‚ defines Stock Exchange as: "An association‚ organization or body of individuals‚ whether
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000 Share Premium 50‚000 60‚000 Retained Earnings Pre acquisition Post acquisition 50‚000 30‚000 15‚000 8% Debentures Parent NCI 20‚000 80‚000 Other Liabilities 20‚000 15‚000 TOTAL EQUITY AND LIABILITIES 520‚000 620‚000 Sundry assets 135‚000 620‚000 Investments – ordinary shares S Co Investments – preference shares S Co Investments – 8% debentures S Co 290‚000
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Introduction to Export Finance Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters. Liberal
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provided: a) Issued share capital on 1 July x4 comprises 500‚000 7% preference shares of RM1 each and 2 million ordinary shares of 50 cents each. b) Loan capital outstanding on 1 July x4 was RM500‚000 10% convertible debentures (convertible into 200 ordinary shares per RM100 debenture). c) Changes in capital structure during the year
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