Annual Report 2010-2011 Annual Report 2010-11 17 18 Ashok Leyland Limited BoARd of diRectoRs cHief finAnciAL officeR executiVe diRectoR And coMpAny secRetARy executiVe diRectoRs AuditoRs cost AuditoRs BAnKeRs ReGisteRed office pLAnts WeBsite dheeraj G Hinduja‚ chairman (Alternate : Y M Kale) R seshasayee‚ Executive Vice Chairman Anil Harish d J Balaji Rao A K das Jean Brunol (from 20.10.2010 ) Jorma Antero Halonen (from 19.05.2011) sanjay K Asher (from 21.12.2010)
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T F 1. The first step in the top-down approach to stock valuation is analyzing the position of the industry in its life cycle. Answer: False T F T F T F T F T F 6. Industry life cycles measure the growth path of an industry through five stages. Answer: True T F 7. Industry life cycles predict an industry’s sensitivity to the economy. Answer: False T F 2. The method of starting the stock valuation process with an analysis of the economy is referred
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The “Stock Market” is a term that actually describes several markets such as the New York Stock Exchange NASDAQ‚ where the stocks of companies are traded. Shares in a company are sold and the shareholders then become part owners of the company. Offering shares of stock raises money for continued research and development of company products or services. When investing in a company‚ the goal is to buy shares at a low price and then sell them at a higher price. Individual stocks may go up
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version - imagine I have 1 million bottles in my drinks cupboard (which alas I do not ). If one of them is vodka and the rest are gin‚ then the vodka is "1 part per million". If I go and swap some more gin bottles for vodka‚ so that I end up with 23 bottles of vodka and 999 977 gin‚ (so still a million in total)‚ then the vodka is now "23 parts per million" 2) Relating it to other units Returning to my hypothetical drinks cupboard - or a slightly more realistic version. If it actually contains 100 bottles
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1 . Under a perpetual inventory system ‚ when a shortage is discovered __________ d . Merchandise Inventory is credited 2 . The inventory data for an item for November are : Nov . 1 Inventory 20 units at 20 4 Sold 10 units 10 Purchased 30 units at 21 17 Sold 20 units 30 Purchased 10 units at 22 Using the perpetual system ‚ costing by the last-in ‚ first-out method what is the cost of the merchandise sold for November d 610 3 . The inventory data for an item for November
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CORPORATE DIVIDEND PRACTICE One consideration is the desire to have a relatively stable dividend; the second is the desire to pay out‚ in the long run‚ a given fraction of earnings. This fraction is usually referred to as the payout target. These objectives may be conflicting. Earnings tend to fluctuate substantially from year to year. If a corporation routinely paid out a given fraction of those earnings as dividends‚ then the dividend itself would tend to fluctuate drastically from year to year
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with the same expected dividend and growth rates must alsohave the same stockprice.c. It is appropriate to use the constant growth model to estimate a stock ’svalue even if itsgrowth rate is never expected to become constant.d. If a stock has a required rate of return rs = 12%‚ and if its dividend isexpected to grow at aconstant rate of 5%‚ this implies that the stock’s dividend yield is also 5%.e. The price of a stock is the present value of all expected future dividends‚discounted at thedividend
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1. You have a cash obligation of $132‚240 to be made at the end of year 5. Show how you can use coupon bonds with a coupon rate of 8%‚ a face value of $1‚000‚ a maturity date at the end of year 6‚ and a yield to maturity of 8% to ensure that you can meet your cash obligation at the end of year 5. Suppose that you purchase the bonds at the beginning of year 1 and that the market interest rate changes only once right after you have purchased the bonds. There are three possible interest rates‚ 7.9%
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Dividend Policy at FPL Group FPL Group Overview: The FPL Group was Florida’s largest electric utility group and the fourth largest in America. The FPL Group had annual revenues of exceeding $5 billion. Florida Power & Light Company‚ the main subsidiary of the FPL Group had 3.9 million customer accounts and covered a service area that included six of America’s ten fastest growing metropolitan areas. a. Summarize the key elements of FPL’s financial policy and compare it with other relevant
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6. High Tech‚ Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed; the order is picked and packaged‚ and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that they stock‚ sell‚ and ship. Average demand 12.5 calculators per week Lead time 3 weeks Order cost $20/order Holding cost $1.20/calculator/year
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