Financial Leverage: Financial leverage is a leverage created with the help of debt component in the capital structure of a company. Higher the debt‚ higher would be the financial leverage because with higher debt comes the higher amount of interest that needs to be paid. Leverage can be both good and bad for a business depending on the situation. If a firm is able to generate a higher return on investment (ROI) than the interest rate it is paying‚ leverage will have its positive effect shareholder’s
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School children Teachers Teachers who were known to be critical of the Nazi Party were dismissed and the rest were sent away to be trained for a month in National Socialist principles. As a further precaution schools could only use textbooks that have been approved by the party. By 1936 32 per cent of all teachers were members of the National Socialist German Workers Party (NSDAP). This was twice as many as in most other professions. Curriculum Bernard Rust introduced a new curriculum‚ a Nazi
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The Role of Financial Intermediaries and Financial Markets FOCUS OF THE CHAPTER This chapter provides an analysis of the roles and importance of financial institutions and financial markets‚ two important parts of the financial system. A broad classification of Canadian financial institutions is presented with an historical overview. Some basic classifications of financial markets are described. The chapter ends with an evaluation of the importance of the financial system to the Canadian economy
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have a good plan when you retire. This booklet will help you understand the role your CPF savings are going to take. It provides information on the Minimum Sum Scheme‚ the CPF LIFE Scheme and related CPF matters. More importantly‚ it shows you how to make your CPF work harder for you‚ as you enter a new phase of your life. Happy 55th Birthday! Soh Chin Heng Deputy Chief Executive [Services] CPF Board *The numerical figures used in this booklet apply to members reaching 55 from July to
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The most important rule of tax planning is that it is no different from financial planning. The Section 80C offers a wide range of options‚ each suited to a different need. Choose an option that fits into your overall financial plan‚ not because it offers good returns or your brother-in-law is selling it. It is easier to identify the best option if you do not leave tax planning for the dying days of the financial year. You get a rough idea of how much you need to save at the beginning of the
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reference for the evaluation and development of sound accounting practices. IS AN ACCOUNTING THEORY POSSIBLE? 115 Let’s compare this with what many believe is the accounting framework‚ the IASC Framework for the Preparation and Presentation of Financial Statements. This Framework purports to: 1 assist the board of IASC in the development of standards and review of existing standards 2 provide a basis for reducing
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Chapter 01 Why Are Financial Institutions Special? True / False Questions 1. Prior to the financial crisis of 2007-2008‚ J.P. Morgan Chase was the largest bank holding company in the world and operations in 60 countries. True False 2. As of 2009‚ U.S. FIs held assets totaling over $35 trillion. True False 3. Financial institutions act as intermediaries between suppliers and demanders of money. True False 4. If a household invests in corporate securities
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Financial Careers What am I going to do after school or university? Maybe I should consider a job in the financial world. There’s a surprisingly wide range to choose from — for example‚ I could raise money for charities or sell famous paintings or write about economics as a financial journalist or run my own company or... Fund-raiser. There are thousands of different charities these days — e.g. ’for children’‚ ’cancer research’‚ ’the disabled’‚ ’the third world’‚ ’AIDS research’. They all do
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Functionalities of Financial Intermediaries 3 Maturity Transformation 3 Risk Transformation 4 Convenience Denomination 5 Advantages of Financial Intermediaries 6 Reconciling Conflicting Preferences of Lenders and Borrowers 7 Spreading and Reducing Investment Risks 8 Economies of Scale Reduces Costs 8 Economies of Scope Reduces Cost 9 Summary and Conclusion 10 Introduction Financial markets can often be considered as the collection of all potential buyers and sellers of various types of financial products
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Lives on the Boundary: An Assessment of the Flaws in Our Educational System In the opening chapter in Lives on the Boundary‚ Mike Rose points to an underlying issue in our educational system; how to deal with the diversity in our schools of students’ knowledge and comprehension of taught material. Imperfections in the educational system makes it rigorous for certain students to learn what is being taught. Since each student is different‚ ideally each student should be taught in the way that suits
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