the 36th Congress that guaranteed the seceding states that the federal government would not intervene with the particular domestic institutions; however‚ the word slavery was never used in the document. Stipulating that the amendment had passed‚ the 13th Amendment to the Constitution would have been unconstitutional‚ and the banning of slavery would never have occurred.
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Chapter 18 - Liability and Liquidity Management Fin 698 Fall 2012 Prof. Anderson HW #7b: chapter 18: 3‚ 10‚ 11‚ 16 and 17. (These appear in the book on pages 568-572.) Solutions for End-of-Chapter Questions and Problems 1. What are the benefits and costs to an FI of holding large amounts of liquid assets? Why are Treasury securities considered good examples of liquid assets? A major benefit to an FI of holding a large amount of liquid assets is that it can offset any unexpected and
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Financial Analysis Carolyn G. Kollar February 5‚ 2017 Finance 301: Principles of Finance Professor Douglas Smith Comparing Four DOW Companies Financial ratios are important for determining how financially successful a company is over the courses of its life or how successful it is compared to others in the same industry. One can compare the company’s ratios over the current year and previous years to see if the company is becoming more successful‚ less successful‚ or
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Non-Performing Assets In Indian Banks On August 22‚ 2012 in Banking‚ Economy by Prof. S. Srinivasan (External Contributor) The Non-Performing Assets (NPAs) of the Indian banking sector have been incessantly rising in the past six months. Historically‚ in 1997‚ NPAs were 15.8% of loans for the banking sector‚ which nosedived to 2.4% in 2008. This figure stands at 2.94% of loans in 2012. In absolute figures‚ NPAs have doubled from 2009 to 2012 and assets under reconstruction had trebled during the
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fail‚ but many of those that flop have failed to plan. Answer: True Difficulty: 1 Objective: 1 2. The master budget reflects the impact of operating decisions‚ but not financing decisions. Answer: False Difficulty: 1 Objective: 1 The master budget reflects the impact of operating decisions and financing decisions. 3. Budgeted financial statements are also referred to as pro forma statements. Answer: True Difficulty: 1 Objective: 1 4. Budgeting includes only
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STANDARD OPERATING PROCEDURE FOR STORES There is a need to have a uniform procedure for the stores function so that optimum action is taken for a timely purchase at the best possible cost. In order to streamline stores function‚ there is a need for a uniform procedure. This SOP covers interalia‚ the entire subject of stores procurement‚ storage and preservation‚ issues on accounting management‚ stock verification‚ safety and security of stores. Suggestions for improvements in the procedures laid
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Race and mass incarceration. It is a harsh topic for many‚ but Ava DuVernay’s documentary 13th provides all of the background information needed for that conversation. On the other hand‚ the Selma director’s film manages to capture the depth and insidiousness of more than a century of cultural‚ societal and economic oppression along racial lines and then condenses it into a brisk 100-minute movie. Furthermore‚ unlike many films that surface the same conclusion‚ DuVernay pinpoints the injustice of
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Jocelyn Serrano Art 118L 10/28/16 Assignment 3 Ava DuVernay’s film “The 13th” showed the history of mass incarceration‚ especially Black criminalization. She got the title from the 13th amendment from the Constitution that freed the slaves and stopped servitude except for those who committed criminal offenses. She explained how America has used this loophole in order to exploit it and jail as many people as they could. After the Civil War there was a huge shortage of labor so in order to basically
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Profit rates differ among firms in a given industry and even more widely among firms in different industries. Please explain the factors which contribute to different profit rates. Profit rates differ among firms in any given industry in variety of industries. Several theories are explained below to show which the factors are influences the profit of a firm; A. Risk Bearing Theory of Profit The idea was conceived initially by an American economist‚ F.H. Hawley. Hawley believed that a circle
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expenses | 73.5 | Depreciation | 12 | EBIT | 49.5 | Interest expense | 4.5 | EBT | 45 | Taxes (40%) | 18 | Net income | 27 | 1. Calculate the following ratios AND interpret the result against the industry average: Ratio | Your Answer | Industry Average | Your Interpretation (Good-Fair-Low-Poor) | Profit margin on sales | 27/795=3.3% | 3% | Good | Return on assets | 27/450=6% | 9% | Bad | Receivable turnover | 795/66=12.04 | 1.6X | Good | Inventory turnover | 795/159=5
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