linked to customer satisfaction. As seen by the SAS Institute‚ the leasing strategy helps keep the company sharp by ensuring that technological advances are driven solely by customer needs. 2. Capabilities and Core Competencies to execute its Business Model SAS possesses many capabilities and competencies to help execute its business model effectively. These include flexibility from being a private company‚ an effective tacit leadership‚ unique corporate culture‚ strong brand‚ dedicated human capital
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Following the signal to abandon ship‚ it took Costa Cruises just under three hours to release their first statement. The company confirmed the evacuation of approximately 3‚200 passengers and 1‚000 crewmembers from the Costa Concordia. The press release stated that at the time‚ the cause of the incident could not be confirmed and assured the public that they were “working with the highest commitment to provide all needed assistance to guests‚ crew members and the local Italian authorities”. The
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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Considering an IPO? The costs of going and being public may surprise you September 2012 A publication from PwC’s Deals practice Table of contents The heart of the matter 1 Embarking upon the IPO process requires insight into the costs An in-depth discussion 4 The initial public offering Cost of going public Cost of being public 5 12 What this means for your business 27 Assess the readiness of your organization for an IPO to appropriately stage the costs incurred
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The Sarbanes-Oxley Act of 2002Introduction2001-2002 was marked by the Arthur Andersen accounting scandal and the collapse of Enron and WorldCom. Corporate reforms were demanded by the government‚ the investors and the American public to prevent similar future occurrences. Viewed to be largely a result of failed or poor governance‚ insufficient disclosure practices‚ and a lack of satisfactory internal controls‚ in 2002 George W. Bush signed into law the Sarbanes-Oxley Act that became effective on
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V O L U M E 1 7 | N U M B E R 4 | FALL 2005 Journal of APPLIED COR PORATE FINANCE A MO RG A N S TA N L E Y P U B L I C AT I O N In This Issue: Executive Pay and Corporate Governance Pay Without Performance: Overview of the Issues A Remedy for the Executive Pay Problem: The Case for “Compensation Discussion and Analysis” Developments in Remuneration Policy Corporate Culture and the Problem of Executive Compensation Taking Shareholder Protection Seriously? Corporate Governance in the U.S
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Currently‚ an auditor may only resign if he is not the sole auditor of the company and his resignation must be made at a general meeting of the company. If an auditor gives notice in writing to the directors of the company that he wishes to resign‚ the directors shall call a general meeting of the company as soon as it is practicable. This is for the purposes of appointing an auditor in place of the auditor who wishes to resign and to appoint another auditor. The resignation of the auditor shall
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review Merit Enterprise Corp case study the pros of option 1: (assuming that JP Morgan Chase will continue to extend season credit lines and medium term loans.) First‚ it would keep Merit Enterprise as a private company. Secondly‚ Merit’s would have the right of non-disclosure. Private companies are not required to disclose details about their operations. Third‚ Merit Enterprise does not have to answer to shareholders if the stock is underperforming. The cons of option 1 are: First‚ banks may limit
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press release I feel will meet the company’s requirement for public notice. As a publicly held company‚ we are required by the SEC to file about: * Our operations; * Our officers‚ directors‚ and certain shareholders‚ including salary‚ various fringe benefits‚ and transactions between the company and management; * The financial condition of the business‚ including financial statements audited by an independent certified public accountant; and * Our competitive position and material
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probably hold more of the share in the company. Also 4 billion dollar is a substantial amount of money having to pay back and could put stress on the organization if any financial situations ever aroused. Taking out this loan will have more people accountable for the company’s wealth. The only thing positive about doing this is that Merit is probably guaranteed to receive the money that they are asking. The biggest drawback is creating debt with multiple debtors. Public corporations are capable of raising
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