Number of documents delivered: 1 Sweet & Maxwell is part of Thomson Reuters. © 2012 Thomson Reuters (Professional) UK Limited Page1 Status: Positive or Neutral Judicial Treatment R. v Paris (Anthony) R. v Abdullahi (Yusuf) R. v Miller (Stephen Wayne) Court of Appeal (Criminal Division) 16 December 1992 Case Analysis Where Reported (1993) 97 Cr. App. R. 99; [1994] Crim. L.R. 361; Times‚ December 24‚ 1992; Independent‚ December 17‚ 1992 Case Digest Subject: Criminal
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check your intuitions-neither dismiss them‚ nor trust them blindly. In the movie‚ 11 of the jurors went with their first intuition that the boy was guilty. This turned out to be wrong in the end (as far as we know) and the jurors made the mistake of trusting their intuitions "blindly". Another example is the man who kept changing his mind as to whether he thought the defendant was guilty or innocent. He could not decide whether to go with his intuition or to dismiss it. Intuitions can sometimes
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high‚ relative to book and past market values‚ and to repurchase equity when their market values are low. We document that the resulting effects on capital structure are very persistent. As a consequence‚ current capital structure is strongly related to historical market values. The results suggest the theory that capital structure is the cumulative outcome of past attempts to time the equity market. Introduction “Equity market timing” refers to the practice of issuing shares at
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debt to total capital approaching 70%‚ as opposed to a target ratio of 60%. While some investors welcome HCA’s more aggressive use of leverage‚ others are worried that HCA’s capital structure could decrease the company’s current A bond rating. As a result of increased debt‚ a decline in HCA’s first-quarter earnings per share could occur. The company faces the problem of deciding what should be done to its capital structure and whether reducing the ratio of debt to total capital to match the target
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(Miller‚ Hill‚ Quester‚ & Hiller‚ 2011) studied an approach to assess the significance of graphic health warnings (GHW) on cigarette packets‚ on smoker’s beliefs and attitudes and smoking behavior and intentions. In 2006 Australia announced graphic health warnings (GHW) on cigarette packets‚ illustrating a range of tobacco associated pathology. This intervention‚ monitoring the attractiveness of a consumer product‚ was designed to raise consumers’ awareness of the ills of tobacco use‚ motivate quitting
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Du Pont Case Study Capital Structure Statement of the Problem Determine a capital structure policy suitable for Du Pont in the 1980s and beyond. This paper will consider the history of the company and the turbulent times of the 1960s and 1970s‚ weigh the advantages and disadvantages associated with higher and lower levels of debt‚ and develop a strategy for the future after the merger with Conoco Inc. in 1983. Executive Summary Du Pont has been historically known for its
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The Armstrong Production Company is an industry-leading firm in the field of manufacturing synthetic building materials for homes and commercial structures‚ based near St. Louis. Armstrong was fortunate in its initial stages to quickly secure inexpensive funding in the form of developmental loans issued by the State of Illinois‚ and thus was able to break even within three years of its founding in the early 1970s. Able to pour resources into its research and development segment‚ riding on the increasing
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industry demand and price‚ along with rising fuel prices and an economic recession. These pressures now force Du Pont to source its financing through debt‚ foregoing its risk averse capital structure policy in the past. It now aims to determine the most feasible capital structure that will enable it to finance capital expenditures vital to its competitive advantage while maintaing its financial flexibility. Du Pont now faces two alternatives: 1) Reduce the debt/total capitalization ratio
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think use their sixth sense or intuition. Firstly‚ they make a hypothesis and then the hypothesis will be tested by conducting experiment to determine the validity. Second type is called “collectors” because this type of scientist will collect data until they have a solid basis for making hypothesis. They use a inductive logical methods which presented by Francis Bacon. They make a research step by step systematically. They also used both of thinking way which is intuition and logic. Besides that‚
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1. What type of capital structure should a firm choose and why? In your answer‚ be sure to include capital structure fallacies and their effects on a firm’s decision. Capital structure is the relative proportions of debt‚ equity‚ and other securities that a firm has outstanding. When a firm need to raise funds from investors they must choose which type of security to issue. There are typically two different types: financing through equity alone‚ or financing through a combination of debt and
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