Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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http://peoplesdailyng.com/changing-nigerians-identity-diaspora/ http://olorisupergal.com/nigeria-rich-country-poor-people-by-gbenga-ogunbiyi/#.UpH2I9Lik8o Nigeria is a member of both the Commonwealth of Nations‚ and the African Union. LANGUAGE There are hundreds of languages spoken in Nigeria. The official language of Nigeria‚English The languages spoken in Nigeria are said to be 521. The official language is English while the major ones that are spoken are Hausa‚ Igbo‚ Yoruba and
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Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which
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change in the economic environment in which it operates‚ hence the need to review the regulating instruments from time to time. Nigeria is governed by a federal system hence its fiscal operations also adhere to the same principle‚ a fact which has serious implications on how the tax system is managed. The country’s tax system is lopsided‚ and dominated by oil revenue. It is also characterized by unnecessarily complex‚ distortionary and largely inequitable taxation laws that have limited application
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CONGESTION PROBLEM IN NIGERIA By 1Oyatoye E.O. Ph.D Department of Business Administration‚ University of Lagos. Nigeria Email: eoyatoye@unilag.edu.ng 2Adebiyi‚ Sulaimon Olanrewaju Department of Economics and Financial studies Fountain University Osogbo‚ Osun state. Nigeria. Email: lanre18april@yahoo.com 3Okoye John Chinweze Torcelik International Company United. Apapa‚ Lagos. Nigeria ABSTRACT This paper stresses the importance of queueing theory to the problem of port
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Theme No. 7 Capacity building for encashing technological options and Entrepreneurial Opportunities Role of Women Entrepreneurs in Agricultural Development: Problems and Prospects Dr. C.S Arneja and Gaganpreet Kaur Dept. of Extension Education Punjab Agricultural University‚ Ludhiana. ABSTRACT The emergence of entrepreneurs in agriculture and allied activities can propel our rural population into self sustaining individuals‚ who in turn can catalyze the development of economy. The concepts of
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INTRODUCTION Emergency in ordinary parlance means a time of crisis‚ a moment of danger or suspense. A state of emergency therefore is a governmental declaration that recognises the existence of this peculiar situation and takes some necessary actions to restore the peace and governmental stability of the society. During this period‚ the maxim‚ salus populi suprema lex has a special force and to that effect‚ some normal functions of the executive‚ legislative and judicial powers may be suspended.
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ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past decade
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Negative Effects of Globalization in Nigeria Globalization according to Clark and Wallace (2003) refers to a “greater interconnectedness of the world’s financial‚ economic‚ technological‚ political‚ cultural‚ sociological‚ ecological‚ and geographical systems” (p. 447). Globalization has various effects both positive and negative on the countries that choose to achieve the worldwide connection. In the case of Nigeria‚ which is classified by the U.S Department of State as a developing country‚ globalization
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Journal of Economic Theory‚ 107:453–462.‚ 2002. [2] D.R. Appleton. May the best man win? Statistician)‚ 44(4):pp. 529–538‚ 1995. [3] P. Bonacich. Simultaneous group and individual centralities. Social Networks‚ 13:155–168‚ 1991. [4] K.A. Butler. Some problems in paired comparisons and goodness of fit for logistic regressions. PhD Thesis‚ Simon Fraser University‚ 1997. [5] L.C. Freeman‚ S.P. Borgatti‚ and D.R. White. Centrality in valued graphs: A measure of betweenness based on network flow. Social Networks
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