Clearly‚ based on above explanation‚ Robert Citron’s investment strategy seemed not difficult to understand. It was a leveraged bet that the interest rates would remain stable or fall. Thus‚ this strategy had been profitable in the years prior to 1994 as the interest rates fell. However‚ when interest rates reversed its direction in early 1994‚ Citron’s strategy and fortuned became worse. First thing is the decline of interest rate gave a huge impact in municipal bonds across the country‚ with
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Shield Financial Statement of the Problem(s) Doug Bloom took over the Des Moines‚ Iowa office as the new Sales Manager (Cron & DeCarlo‚ 2009). He was overwhelmed at the sales management training with all of the different manuals he received (Cron & DeCarlo‚ 2009). The sales manager training did not give the full understanding of it is meant to be a sales manager. The company introduced a new program for the sales representatives and he had some difficulty with the sales representatives. He did
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Fair value in financial reporting: problems and pitfalls in practice – a case study analysis of the use of fair valuation at Enron David Gwilliam∗ and Richard H G Jackson School of Business and Economics‚ University of Exeter‚ Streatham Court‚ Rennes Drive‚ Exeter EX4 4PU‚ UK This paper has been accepted for publication in Accounting Forum ____________________________________________________________ ____________ Abstract This paper contributes to the debate on the use of mark to market
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Microsoft Antitrust Claims Steve Lopez BUS 670: Legal Environment Prof. Mark A. Cohen November 27‚ 2012 Antitrust Claims faced by Microsoft Valid Microsoft is a large diversified computer software manufacturer that produces the Windows family of operating systems for personal computers and servers. Bill Gates and Paul Allen founded the company on April 4‚ 1975. Microsoft is now the world’s largest software maker based on yearly revenue
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On the morning of April 15‚ 1912‚ the sinking of the Titanic the previous night shocked the world. The year had dawned bright with promise and the maiden voyage of the Titanic was a symbol of the advances mankind had made in the last few years. The ship was considered to have been so well constructed it was believed she could sustain any amount of damage and still remain afloat. Late on the night of April 14‚ 1912‚ the sinking of the Titanic proved this idea wrong in a horribly tragic way. The
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A lot of people today‚ mostly microsofties‚ argue that Microsoft should not be split up since it isn ’t really a monopoly; Windows has a lot of competitors out there and some of the companies that make them are even bigger than Microsoft. And that is actually quite true: Microsoft has only about 6% of the global software market and only 3% of the global computer market overall. There are several computer companies that make more than Microsoft‚ like Sun Microsystems and Compaq and there are at least
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CLOUD COMPUTING BY MICROSOFT: This case was prepared by Tanay Shrivastava under the guidance of Shanka Sengupta “CLOUD COMPUTING for us is a key step toward helping our customers achieve better business agility‚ economics‚ and user experiences.” Cloud computing in a simple terms referred as variety of services available over internet that delivers functionality on service provider’s Infrastructure. Cloud computing helps in easy storage and sharing of data across the connected
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The Financial Crisis – A Case Study.Enterprise and Social Responsibility Introduction: The Moral dilemma of financial crisis or banking reforms do not start from 2007 but since 1986’s big bang policy of merging investment banks‚ building societies‚ and high street banks (Kynaston‚ 2011). Taxpayers’ money without public consent but with aim of general benefit was put as subsidy to the financial system which faced many booms and made London as international financial hub until proving too big to
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about AIS impact on firm performance and financial reporting: How do SOX‚ COSO‚ and the implementation of IT help reduce fraud and increase productivity in a business? In the multifaceted‚ dynamic‚ corporate global milieu‚ imminent rifts continue to rattle the arenas of accounting/finance. The personal ambitions of CEO’s and CFO’s outweighed their responsibilities toward shareholders‚ employees‚ operations‚ civic/ethical duties‚ and the general financial system. CEO’s primarily focused on their
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Case @ China The Roadmap Cheung Kong GSB Case Study Centre for Lenovo to Go Global —A Case study of Lenovo Group Strategies I.Lenovo: refocus on PC operation On December 8 ‚ 2004‚ Lenovo consummated a deal with IBM whereby Lenovo was to acquire IBM’s desktop and laptop PC unit and its R&D and procurement operations worldwide for the sum of US$1.25 billion. On May 1 2005‚ Lenovo completed its acquisition of IBM’s PC Unit. “Using an analogy‚ our enterprise is well likened to a tortoise but
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