Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th‚ 2002‚ the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter‚ its financial fraud became surfaced. On June 28th‚ Xerox Corporation in accordance with the requirements of the settlement
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Case Study 3: Estimating the Cost of Capital 1. Currently Teletech Corporation (TC) uses a single hurdle rate for both their Telecommunications Services (TS) and Products and Services (P&S) divisions. This hurdle rate obtained by an estimate of TC Weighted Average Cost of Capital (WACC)‚ which is calculated at 9.3%. When analyzing critically at this point‚ TS is underperforming with a return on capital (ROC) of 9.1%‚ whereas‚ P&S segment is well over the required rate of return as it is gaining
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Case Questions Managing Diversity at Cityside Financial Services How well has the Sales Division at Cityside done in its diversity efforts? How well are they doing now? Cityside was purchased by a racially diverse group of investors‚ and diversity was the mission from the beginning. It was decided that because of the community that Cityside serves‚ it would be in their best interests to increase diversity at its retail locations across all neighborhoods. In the two decades since it was acquired
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Jessica Reupke Case 28 10/9/11 1. Did subprime mortgage loans contribute to the housing bubble? Why did the bubble burst? What were the consequences of the housing bust to borrowers‚ loan originators‚ and MBS and CDO holders? Subprime mortgage loans contributed to the housing bubble as they enabled the expansion of homeownership by offering loans to a wider variety of borrowers‚ particularly those with a low credit score‚ small down payment‚ or high debt-to-income ratio. This expansion increased
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UV5319 May 10‚ 2010 B CORPORATION: A NEW SUSTAINABLE BUSINESS MODEL “We envision a new sector of the economy which harnesses the power of private enterprise to create public benefit.” —B Lab‚ “Declaration of Interdependence‚” 2010 Introduction Jay Coen Gilbert and Bart Houlahan were friends as undergraduates at Stanford University. In 1993‚ a few years after graduation‚ they helped start the basketball shoe and apparel company AND1. As the company grew‚ cofounder Gilbert and president
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The MetalWorks Corporation A Network Configuration Project Using LogicNetPlus Software1 THE BUSINESS PROBLEM MetalWorks is a company that produces and distributes steel file cabinets and lockable steel storage boxes‚ known in the Industry as safety boxes. Currently the company runs two manufacturing facilities‚ one located in Des Moines‚ Iowa which manufactures both products and the other located in Dover‚ Delaware that produces just the file cabinets. These two facilities serve all of the approximately
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Team‚ Culture and Performance In 2008‚ the mortgage bubble burst drowned many companies and financial institutions. Companies were struggling to paddle against the stock market waterfall. Unemployment rates reached astonishing numbers seen only by generations before‚ and the American workforce was strangling to catch a breath under the deep state of turmoil. A recession was inevitable. It was a tough time for individuals and companies alike. Numerous companies filed bankruptcy and many workers
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There are many ways a corporation can be classified; however the best way to classify a corporation is by knowing the characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders‚ free transferability of shares‚ perpetual existence‚ and centralized management. In relation to John Marshall who is the chief justice in 1819 defined corporation as an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of
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