Q1. Why is it difficult to establish a new fund? Why is track record so important in fund raising? The main concern is to convince the investors to invest their money in Gobi. Therefore‚ it is necessary to raise a rational-sized fund. To raise a new fund is not an easy thing to do as everything including the fund structure‚ team‚ approach‚ LP base‚ and amount of capital have to be defined appropriately. The general partners also need to contribute their own money in order to convince the investors
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B.B.KING HOMECOMING FESTIVAL NAME BERNICE A. ALEXANDER CLASS ENGLISH 121 INSTRUCTOR MARY LONDSBURY DATE MAY 26‚2013 On June 5TH of every year‚ the town of Indianola‚ Miss county Sunflower in Miss set aside a day nationally known as B.B.KING HOMECOMING FESTIVAL. This event take place in downtown Indianola‚ Miss population 35‚000 people I must admit a small town with a lots of love. At this big event Mr. King arrives in town by his personal charter bus‚ at the B.B. KING Museum
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Dashain is the greatest and propitious festival of Nepalese people. Like other cultural celebration‚ it is also based on the lunar calendar and falls in the months of September and October. Nepalese observed this festival for 10 days from the new moon day to the full moon day and it also celebrated throughout the globe. Dashain is a festival of great delight‚ enthusiasm and happiness. This festival’s value is on family gathering as well as renewal of community truss. Those people who were away from
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between financial reporting for internal service and enterprise funds? (Points : 10) Internal service funds are reported in the governmental fund financial statements. Internal service funds are reported in the proprietary fund financial statements. Internal service funds are generally reported in the Business-type Activities column of the government-wide financial statements. Internal service funds are generally reported in the Governmental Activities column
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Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never engage
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9/26/10 Rituals and festivals have been parts of traditional European life for many centuries. They included all social classes‚ religions‚ and occurred in many areas across Europe. For example‚ festivals have been used as a way to vent out stress and express one’s self. Rituals as well help support the understanding of social classes. Some rituals like charivari could take place at any time that helped construct order around Europe by public humiliation and torture. Rituals and festivals served the practical
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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For Profit Vs. Not For Profit organizations: I would like to start with the more interesting type of organizations to discuss and that is not for profit organization (NPO). The first advantage to NPO is simply tax exemption (IRS‚ 2012)‚ once an organization meets certain criteria and is approved as a NPO‚ it doesn’t pay tax on its income. It is very important to understand here that the money saved from not paying tax is reinvested in such organization to either continue providing the type of services
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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How to Enjoy a Chinese Moon Festival In United States there are some holidays that are celebrated together with family‚ like Thanksgiving‚ Christmas and Independence Day. In China‚ we also have family reunion days and the Moon Festival is one of them. The Moon Festival is also known as Mid-Autumn Festival or the Zhongqiu Festival. Of course‚ this festival has equivalents in other countries‚ such as Japan‚ Malaysia‚ Singapore‚ the Philippines and South Korea. If you are not familiar with the Chinese
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