The most recent financial crisis in 2007-2009 was the worst recession since the 1930’s was quite evident as it affected the entire economy on a global scale; from large countries to small ones. The starting point and reason behind a financial crisis is varied‚ they appear in different shapes and sizes which could have originated externally or domestically and emerged from the public or private sector. Consequently with time‚ they take different forms and spread rapidly across boarders. Which is why
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1. a) Net Income = 135‚750$ b) OCF = 155‚000$ 2. a) Equity Value = Net fixed assets – long-term liabilities 2006: $3600 2007: $3240 b) Net working capital = (current asset– current liabilities year 1) Change = (CA-CL of years 1) – (CA-CL of year 2) = 972-727 = 245 3. Common Size Income Statement: Sales/Revenue = 100% Cost of Goods Sold = 65.3% Depreciation = 13% Earnings before interest and taxes = 21.64% Interest Paid = 16.32% Taxable income = 53.25% Taxes (34%) = 1.8%
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Independence Day of India "Long years ago we made a tryst with destiny‚ and now the time comes when we will redeem our pledge‚ not wholly or in full measure‚ but very substantially. At the stroke of the midnight hour‚ when the world sleeps‚ India will awake to life and freedom. A moment comes‚ which comes but rarely in history‚ when we step out from the old to the new‚ when an age ends and when the soul of a nation‚ long suppressed‚ finds utterance.... We end today a period of ill fortune‚ and
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The Declaration of Independence‚ written by Thomas Jefferson and adopted by the Second Continental Congress states the reasons why the 13 colonies of North America were separating from the British empire in July of 1776. The King of Great Britain ‚ George lll‚ interfered with the colonists right to self govern‚ and introduced legislation that affected the colonies. This levied taxes on the colonists‚ closed ports‚ and required them to quarter British soldiers. After many attempts to make peace‚ they
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becomes necessary for students to break off with their parents and teachers and to become independent; they must explain why they deserve to be independent to the rest of the world. This requires us‚ as students to write our own Declaration of Independence for the rest of the world to see and comprehend why we should be and will be independent to show our oppression against our teachers. To begin with‚ it is obvious that all students are created equal and are given by their creator the rights of
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The Ideals of the Declaration of Independence The Declaration of Independence is the most important document in the history of the most influential nation in the modern world – The United States of America. Many other nations and societies that have gained their independence since this declaration was drafted in 1776 have used the four key ideals contained within it as a guide for their own independence. This document did much more than achieve independence for the U.S; it would drastically change
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you a happy independence day. INDEPENDANCE DAY means a day when we had got freedom from not only our brute rulers but freedom from want from fulfillment of right needs... India was under the British rule for 3-4 centuries. It was in 1857 India started it’s independence struggle forcefully through a revolt named "The Great Revolt" against the British. Mahatma Gandhi was the spine and brain behind the Indian independence struggle and finally her Independence. "Non-violence"
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“The Declaration of Independence” by Thomas Jefferson: A Summary “The Declaration of Independence” written in 1776 to declare the United States independence from England. The Declaration of Independence declares that all men are created equal‚ that they all have natural rights that should not be infringed upon by a government. That a government should be made up from men and get its power from the ones that they govern. If any government fails in its purpose to protect the people’s rights
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But the Fourth of July‚ Independence Day‚ is something more than just another holiday. It is the birthday of a great idea-not merely the idea of independence‚ not merely the idea of the rights of humankind‚ but also the birthday of a profoundly idealistic and profoundly influential charter of liberty. The revolution signaled by the adoption of the Declaration of Independence in Philadelphia on July 4‚ 1776‚ laid down the principles which have been the foundation stones of human progress ever since-the
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Independence is a universal need. Everyone has independence even if they don’t believe they do. Some people are independent in the way they live their life‚ others are independent from an overbearing and controlling government. The colonies were independent in the way that they chose what to do with their lives when under the control of Britain. After breaking from Britain’s rule they became independent in their government affairs. Africa before 1966 was under the control of other countries but they
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