on average did it take Bayside to sell its inventory? A. 126.1 days B. 127.9 days C. 153.8 days D. 176.5 days E. 178.9 days Inventory turnover for 2008 = $4‚060 $1‚990 = 2.04; Days’ sales in inventory = 365 2.04 = 178.9 days TEST MODEL : CHAPTER 3 CORPORATE FINANCE Page 1 2. What is the debt-equity ratio for 2008? A. 22.5% B. 26.2% C. 35.5% D. 45.1% E. 47.7% Debt-equity ratio for 2008 = ($1‚170 + $500) ($3‚500 + $1‚200) = .355 = 35.5% 3. What is the times interest earned ratio for 2008
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well‚ so well that the Deans nominated me for the Truman Scholarship‚ the Marshall Scholarship‚ and the Rhodes Scholarship. I didn’t get any of them‚ though‚ but the rejections came on super nice letterhead that still hasn’t yellowed. Standardized tests weren’t typically a problem‚ but the first time I took the LSAT‚ I threw up right before the exam‚ and so I scored somewhere in the neighborhood of a gifted fifth grader. Oh‚ I took more exams and I went to graduate school‚ but once I was there‚
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What is Finance? Finance is allocation of assets and liabilities over period under various circumstances. The utmost important point in finance is time valuation in terms of money‚ like the value of currency today has more value when equated to same unit of currency tomorrow. Finances main objective is valuate assets in according to their level of risks and projected rate of return. It directly or indirectly refers to the involvement of money. The term finance formulates numerous and incalculable
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“Banking‚ Finance‚ and Money: a Socio-economics Approach” L. Randall Wray‚ Professor of Economics and Director of Research at Center for Full Employment and Price Stability‚ University of Missouri—Kansas City; and Senior Scholar‚ Levy Economics Institute at Bard College. This paper will briefly summarize the orthodox approach to banking‚ finance‚ and money and then will point the way toward an alternative based on socio-economics. It will be argued that the alternative approach not only fits
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Sources of finance What are the main sources and finance for UK firms and why? All firms need some kind of financing. Access to finance may differ considerably from firm to firm depending on what type of business they are and how big/known they are; Sole Trader‚ Public Limited or Private Limited Company. There are both INTERNAL and EXTERNAL sources of finance. Finance can be short‚ medium or long term. Internal sources of Finance: 2 main types 1) Funds from the owner(s) and the family
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1. How should PDVSA finance the development of the Orinoco Basin? Can you define project finance? Is Petrozuata a project? What are the costs and benefits of using project finance instead of the traditional (debt) finance – as Mr. Bustillos said‚ PDVSA could have finance the debt internally (p.7 of the case)? Project finance is a kind of Financing that has a priority does not depend on the creditworthiness of the sponsors proposing the business idea to launch the project. Approval does not even
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TABLE OF CONTENTS 1. PURPOSE 2 2. SCOPE 2 3. REFERENCES 2 4. TERMS‚ DEFINITIONS & ABBREVIATIONS 3 5. RESPONSIBILITY AND AUTHORITY 3 6. RECORD & DATA KEEPING 3 7. DOCUMENT CHANGE HISTORY 3 8. ASSET MANAGEMENT DEFINITION 4 9. STAKEHOLDERS 4 10. STATUTORY REQUIREMENTS 4 11. ASSET MANAGEMENT QUALITY FRAMEWORK 5 12. ASSET MANAGEMENT STRUCTURE ROLES AND RESPONSIBILITIES 5 13. ASSET MANAGEMENT IMPROVEMENT PROCESS 10 14. ASSET MANAGEMENT STRATEGY DEVELOPMENT 11 15. ASSET MANAGEMENT
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Bagsiraj Scientific Publishing Centre King Abdulaziz University P.O. Box 1540‚ Jeddah 21441 Saudi Arabia FOREWORD The Islamic financial services industry has come of age. According to one estimate there are presently over two hundred Islamic banks and financial institutions all over the globe with total transactions valued at over 120 billion US dollars. A cursory look at these financial institutions and the nature of their operations reveals an interesting aspect of the growth of this sector
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The University for business and the professions MSc Degree in Shipping‚ Trade and Finance MSc Degree in Supply Chain‚ Trade and Finance MSc Degree in Energy‚ Trade and Finance Cass Business School Module Code SMM586 Exam title Corporate Finance Full/Part time Date 1st May 2013 Time 10.00 -13.00 Division of Marks: Section A carries 36 marks‚ Section B carries 28 marks and Section C carries 36 marks. Instructions to students: Students should answer TWO questions
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2 Risk-Free Assets Case 2 Consider a do-it-yourself pension fund based on regular savings invested in a bank account attracting interest at 5% per annum. When you retire after 40 years‚ you want to receive a pension equal to 50% of your final salary and payable for 20 years. Your earnings are assumed to grow at 2% annually‚ and you want the pension payments to grow at the same rate. 2.1 Time Value of Money It is a fact of life that $100 to be received after one year is worth less than the
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