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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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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Introduction: Extraterrestrial Organisms (ETs) exist throughout the universe‚ and have visited Earth in the past in order to study humans. There are billions of galaxies in the universe‚ billions of solar systems in each galaxy‚ and multiple planets in each solar system‚ yet the majority of people believe that Earth is the only inhabitable planet in the universe. Although it may seem absurd‚ and to some even frightening‚ to believe that there are other planets with life on them‚ recent research shows
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I. Cyber Bullying a. Use of computers‚ cell phones‚ social networking cites and other technology to threaten or humiliate others. b. Putting many young people at risk and sometimes even with deadly consequences c. Megan Meier’s suicide at age 13 II. Problem d. Internet availability is easy becoming so much easier e. Self-esteem is hurt and social skills begin to dwindle f. People may find it easier to say hurtful things online because there is little
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1. What is an OUTLINE? An outline is an organizational tool used by writers to gather thoughts so that they can be clearly laid out in an essay or book. Many writers feel that creating an outline is the key to effective writing‚ and it certainly makes the writing process more efficient and focused. By creating an outline for a piece of writing‚ the author ensures that all the pieces of the puzzle are presented in a logical‚ clear order‚ and that they flow well‚ drawing the reader to a logical conclusion
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Technology 1. Psychological 2. Physical 3. Attitude towards Studies D. Parents’ Role E. Interview III. CONCLUSION Bibliography Writing an Outline An outline is a “blueprint” or “plan” for your paper. It helps you to organize your thoughts and arguments. A good outline can make conducting research and then writing the paper very efficient. Your outline page must include your: Paper Title Thesis statement Major points/arguments indicated by Roman numerals (i.e.‚ I‚ II‚ III‚ IV‚ V‚ etc
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