CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Article David Durand‚ “The Cost of Capital‚ Corporation Finance‚ and the Theory of Investment: Comment”‚ American Economic Association‚ Vol. 49‚ No. 4 (Sep.‚ 1959)‚ pp. 639-655. Purpose of the paper The focus of this paper is to contradict the results of [Franco Modigliani; Merton H. Miller‚ “The Cost of Capital‚ Corporation Finance‚ and the Theory of Investment: Comment”‚ American Economic Review‚ June 1958‚ 48‚261-97] (hereafter MM) assumptions in related to cost of capital theory. Foundations
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the importance of following orders is crucial. when following orders you should do so as commanded. it is important to follow orders‚ for the orders might better you and help you with the situation your in. in my situation I decided not to wear my fleece nor Gortex or gloves‚ even though I was commanded to. I decided the fact that I wasn’t cold to disobey a order which was given by the sergeant. disobeying an order can lead to many things. disobeying orders can lead to disciplinary actions or Consequences
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Following directions is very important for a number of reasons. It makes things easier to do‚ it guarantees that things are done right‚ it eliminates confusion‚ and it saves a lot of time overall. When the instructions of the teacher are followed‚ things tend to go smoothly and work well. When we‚ the students‚ do things the right way and follow directions‚ we show that we can handle instructions to difficult assignments and that we are cooperative‚ intelligent‚ and dependent. Anything can be messed
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What is an OLTP System? Online Transaction Processing (OLTP) systems are one of the most common data processing systems in today’s enterprises. Classical examples of OLTP systems are order entry‚ retail sales‚ and financial transaction systems. OLTP systems are primarily characterized through a specific data usage that is different from data warehousing environments‚ yet some of the characteristics‚ such as having large volumes of data and lifecycle-related data usage and importance‚ are identical
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Debt Ratio Debt Ratio • defined as the ratio of total debt to total assets‚ expressed in percentage‚ and can be interpreted as the proportion of a company’s assets that are financed by debt. • Measures the proportion of total assets financed by the firm’s creditors. The higher this ratio‚ the greater amount of other people’s money being used to generate profits. Formula: • The debt ratio is calculated by dividing total debt by total assets. Debt Ratio = Total Debt Total Assets Examples •
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Clearly Life and Debt portrays a Jamaica that most do not see. Now that I think about it‚ Trinidad itself can be compared to Jamaica in terms of what the documentary discusses. I’ve always thought the International Monetary Fund (IMF) had little power and most countries neglected financing with them because of their undesirable terms. The documentary opened my eyes as to the influence the IMF had on Jamaica. This influence would be a bad one because it led to cuts in education and more for the
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Ethical investments are similar to traditional investments with only one difference. Both traditional and ethical investors pursue the same goal of capital gains‚ higher income and/or preservation of capital for future needs. "The major difference between traditional investors and ethical investors is that ethical investors do not want their investments going for things that cause harm to the social or physical environments. Instead they want their investments to support needed and life supportive
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America’s Debt It took a while for the administration of Obama to initialize action about America’s enormously increasing debt. Given that the country has mounting debts‚ it would be difficult shrink it down. It is said on the article that president does not step up his personal involvement in the negotiations. His people‚ though‚ presented courses of actions to cut off the said problem. Some are to increase taxes‚ raise debt limit‚ eliminate tax benefits of other companies‚ increasing user
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