about the economy. Low interest rates have been in place for several months and it hasn’t quite spurred the economy like it’s supposed to. The reason for this is that banks have pulled back on all types of loans and are holding onto more capital in case of further bad loan losses. This in turn doesn’t help the economy because consumers aren’t able to get the money they need to spend to spur the economy. (Federal Open Market Committee) Our current unemployment rate is at 9.1 percent. Employment
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Scenario E4-5 A) List the weaknesses in internal control over cash disbursements. 1) Checks are not pre-numbered. When checks have no numbers‚ no one will know if a check is misplaced or stolen. 2) Too many people are authorized to sign checks. The treasurer should be the only person authorized. 3) Checks are not being kept in a safe area. A filing cabinet‚ even a locked one can be easily pried open and checks stolen. 4) Segregation of duties is not being done‚ the purchasing agent should
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Subject: Cash Pooling Supervisor: Dr. Nasser Abu Mustafa University: NYIT Cash Management: Cash pooling Abstract The role of the corporate cash manager has been continuously revised over the past few years‚ as a result of the demand for more effective and efficient ways to support the core needs of the organization. This has resulted in new responsibilities for the corporate treasurer and cash manager. The cash management function is demanding
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Network Flows Case Study’s Anthony Ryan Saxon February 2‚ 2015 MTH/221 JEFF BABBITT I decided to write about the Network Flow Case Study. In this paper I will provide examples from the text and provide the theories that fall behind the problems. After explaining the examples I will provide some real world application and some references on them. Example 1: You are needing a new A/C in your home and you are looking to save money on the work and on your bill/bills. The A/C technician explains
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Introduction The airline industry has been plagued by factors such as overcapacity‚ commoditization of offerings or competition‚ high level of rivalry‚ entry of low cost carriers. other factors include several macro-level socio economic troubles‚ SARS crisis‚ 9/11 attacks‚ bird flu‚ Asian Tsunami and other terrorism concerns‚ due to this there has been a big impact on airline profit. As market condition is continuously changing‚ it is difficult to predict the future of the airline industry. the
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activities during 2010? What were the main differences between the accrual and cash flow effects of these activities? * If you owned 10‚000 of the company’s shares‚ what would be your claim on the company’s earnings for 2010? Was this a larger or smaller claim than you would have had for 2009? * What were the company’s main sources of cash for 2010? In general‚ what did the company do with the cash it received? * What were the main financial activities during 2010? In general
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Are you interested in jobs that require athletic or mechanical ability‚ working with objects‚ machines‚ tools‚ plants or animals‚ or being outdoors? You enjoy working with your hands‚ tools‚ machines‚ and things that are practical‚ mechanically and physically inclined. Careers you would enjoy • Architecture • Chef / F&B / Hospitality Management • Engineering • Information Technology • Mechanical / Automobile Engineering • Music • Pharmacy • Pilot / Aviation • Veterinarian Are
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that Ocean Carriers is a U.S. firm subject to a 35% statutory (and effective) marginal tax rate. Second‚ assume that Ocean Carriers is domiciled in Hong Kong for tax purposes‚ where ship owners are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong‚ i.e.‚ assume a zero tax rate. Answer With 35% tax in the US we have a negative NPV of 35% hence recommended not to proceed with the project. If Ocean carriers
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had control over operations of their national carriers and bilateral agreements between states meant that full-fledged airlines could operate without facing any competition at all. With the reform in airline licensing and access to air routes highlighted in the report[1] of the Pacific Economic Cooperation Council (PECC) conference‚ new rules meant intra-Asian open skies and relaxation of ownership rules. This in turn led to the boom of low-cost carriers in the region. With the skies now clear of restrictions
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