Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
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However‚ every income is taxable under income tax law‚ whether it is received in cash or in kind‚ whether it is capital or revenue income‚ but still some incomes are given exemption from tax. In this lesson we will study those incomes which are exempt from tax. Here are some of the important items of income‚ which are fully exempt from income tax and which can be utilised by a resident individual Indian assessee for the purpose of tax planning. ➢ AGRICULTURAL INCOME: Under the
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much less sensationalized tone when compared to stories of successful entrepreneurs. The general public tend to think that poor people are generally poor because they are lazy and unwilling to work. This is based around the idea of income inequality‚ where Americans believe that the more effort someone puts to find employment and completing their job‚ the more money they will make in the long run. But is income inequality truly the reason why there are so many
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The General Strike The General Strike started May 3rd 1926 and lasted nine days ending on the 12th May 1926. Mine owners wanted to normalise profits even during times of economic instability – which meant that miners’ wages would be reduced and working hours would be extended. The miners were not happy with the changes that were about to happen so they decided to go on strike. This documentary exercise is going to evaluate two primary sources from the General Strike. It will consider form‚
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de alicante How to win outside the soccesfield Content The absolute goal of Ciclón de Alicante is to become a major soccer club in Spain. But how? The stadium • Q: What is the impact of the sale of the stadium transaction on Ciclón’s 2003 Income Statement and Statement of Cash Flows (under the Indirect Method)‚ and on its Balance Sheet for the year ended on December 31th‚ 2003? Items to be addressed cash payment of $ 100 million cost of building the new stadium was $ 20 million market value
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thumbs up means "yes" or "go ahead‚" V for victory or the poll man’s extended vertical palm as a stop sign. If the body is turned to show close attention to the other‚ this implies attraction or that we think this person has high status. When two individuals are in close agreement with one another or wish to exclude others‚ frequently they will unconsciously mirror the other’s body language. For example‚ one person might cross their legs and very shortly after the
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Discuss the issues of death penalty. Capital punishment is the practice of executing someone as punishment for a specific crime after proper legal trial. It is usually only used as a punishment for particularly serious types of murder‚ but in some countries treason‚ types of fraud‚ adultery and rape are capital crimes as well. Capital punishment is used in many countries around the world. The question as to whether or not it is morally acceptable for a state to execute criminals and if so under
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CHAPTER 5 FINAL GENERAL ARRANGEMENT CHAPTER 5 FINAL GENERAL ARRANGEMENT 5.1 Final General Arrangement The General Arrangement of a ship can be defined as the assignment of spaces for all the required functions and equipment‚ properly coordinated for location and access. The general arrangement represents a summary or integration of information from other division and specialties in ship design to provide all necessary function of the ship in the most efficient
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Company Analysis of General Electric Running a company often centers on the idea of considering both positive and negative factors in order to then hand down executive decisions accordingly. To best understand the strengths and weakness of any given company‚ one must understand its base operations and the scope of industry in which the firm exists. In doing so‚ one would have a bigger picture of how the company operates and how success has been fostered in‚ as well as highlight in areas in which
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United States government have assumed control of General Motors? If you were to read a story in the news that a government had assumed control of a private company‚ what country might come to your mind? Possibly Russia‚ Cuba‚ China‚ maybe even Vietnam? Probably the United States would be the furthest from your mind. Not everything the United States government does should be considered socialistic‚ but obtaining control of the private company General Motors was an act of socialistic behavior. As
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