The Matching Principle: Insights into Earning’s Usefulness to Investors.$ Harm Sch¨tt u Haas School of Business University of California at Berkeley Abstract This paper argues that matching expenses to revenues increases earnings’ usefulness to investors by providing an accounting rate of return (ARR) closer to current economic profitability. To test this‚ I estimate a proxy for a firm’s internal rate of return (IRR) in order to approximate the distortion between ARR and IRR. Results show that
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FINC 5001 Capital Markets and Corporate Finance Tutorial Questions and Solutions Topic 1 – Preliminary concepts Discussion Question 2 The text refers to three types of financial decision – the investment decision‚ the financing decision and the dividend decision. Describe each in detail‚ and explain how these decisions relate to the corporate objective. Categorise each of the following decisions in terms of whether it is an investment‚ financing or dividend decision and explain why it is in that
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Chapter 1: 21st-Century Supply Chains Study Questions 1. Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. Back then‚ the traditional distribution channels typically had an order time of 15-30 days. If something went wrong‚ it would unfortunately increase delivery time. The main goal of the traditional model was to ensure availability of products. 2. What specific role does logistics play in supply
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Chapter 2 Early Civilizations in Mesopotamia Cumulative effects of agriculture + wave of technological changes around 4000 B.C.E. = generated civilizations as a new organizational form The process of agricultural economies = civilizations began in the Middle East. The Sumerians Sumer 1st river valley civilizations Major floods occurred Northeastern section along the Tigris and Euphrates Rivers that lead to the Persian Gulf Rainfall is scant Generated large food surpluses = population
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Poverty level in Phl unchanged since ’06 By Ted Torres (The Philippine Star) MANILA‚ Philippines - The percentage of Filipinos living below the poverty line has remained almost unchanged in the past six years‚ according to the latest poverty data released by the National Statistical Coordination Board (NSCB) yesterday. The recorded poverty incidence for the first half of 2012 was 27.9 percent‚ slightly less than the 28.8 percent recorded in the first half of 2006‚ and 28.6 percent in the first
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I had been promised that‚ if I chose to take APALI‚ I would be in for a life-changing experience. Through being active in student leadership at De Anza College‚ I had come across many APALI alumni who all had nothing but good to say about the program. Though most identified as API‚ there were several‚ non- API’s who told me that the things that they learned in APALI transcended race. Skeptical‚ yet curious‚ I decided to enroll my last quarter at De Anza. The first day‚ though fun‚ did little to
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Creating an Outline Once a topic has been chosen‚ ideas have been generated through brainstorming and free writing‚ and a working thesis has been created‚ the last step a writer can perform in the prewriting stage is creating an outline. An outline allows a writer to categorize the main points‚ to organize the paragraphs into an order that makes sense‚ and to make sure that each paragraph/idea can be fully developed. Essentially‚ an outline helps prevent a writer from getting stuck when performing
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OUTLINE A plan for--or a summary of--a writing project or speech. An outline is usually in the form of a list divided into headings and subheadings that distinguish main points from supporting points. Most word processors contain an outlining feature that allows writers to format outlines automatically. As shown below‚ an outline may be either informal or formal. See also: Types of Outlines and Samples Alphanumeric Outlines This is the most common type of outline and usually instantly
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Research Paper Outline How do animals endangered because of deforestation affect the Wayuu people? I. Introduction paragraph- Explain the topic and research question A. Background information 1. General overview of deforestation; statistics 2. Wayuu people intro B. Thesis statement II. Body paragraph #1- Explain deforestation A. Deforestation 1. Where? a. Statistics b. South American deforestation c. Venezuelan deforestation 2. Why? a. Coal mining b. Cattle ranching c. Government
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US History Chapter 23 Outline Joseph Cook From Roosevelt To Wilson In The AThe rge Of Progressivism I. The Spirit of Progressivism 1) Progressivism’s effect on society. A) Political: Fostered a reform movement that sought cures for the problems of city‚ state‚ and nation. B) Intellectual: Drew on expertise of the new social sciences and reflected a shift from older absolutes like religion to newer schools of thought relativism and the role of environment on human development
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