than 150% of their first-year salary 3) If you have applied for your first credit card and been denied‚ what is the best thing to do? a. Call up the card company and ask if you can be approved if you agree to a higher interest rate. b. Apply for a secured credit card. c. Add money from a cash loan to your checking account so it appears you have more funds available. d. Have someone cosign for a credit card for you. 4) When you have serious credit card debt‚ where is the best place to seek help? a
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CHAPTER 9 Ratio Analysis Introduction The analysis of the financial statements and interpretations of financial results of a particular period of operations with the help of ’ratio’ is termed as "ratio analysis." Ratio analysis used to determine the financial soundness of a business concern. Alexander Wall designed a system of ratio analysis and presented it in useful form in the year 1909. Meaning and Definition The term ’ratio’ refers to the mathematical relationship between any two inter-related
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Company - Private Company - One Man Company - Limited Liability - Winding-up - Fraud upon Creditors - Liability to indemnify Company in respect of Debts - Rescission - Companies Act 1862 (25 & 26 Vict. c. 89) ss. 6‚ 8‚ 30‚ 43. It is not contrary to the true intent and meaning of the Companies Act 1862 for a trader‚ in order to limit his liability and obtain the preference of a debenture-holder over other creditors‚ to sell his business to a limited company consisting only of himself and six members
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restructure sovereign debt in a timely manner? In this paper we present a theory of the sovereign debt restructuring process in which delay arises as individual creditors hold-up a settlement in order to extract greater payments from the sovereign. We then use the theory to analyze recent policy proposals aimed at ensuring equal repayment of creditor claims. Strikingly‚ we show that such collective action policies may increase delay by encouraging free-riding on negotiation costs‚ even while preventing
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CHALLENGES AHEAD FOR VENTURE CAPITAL FINANCING IN INDIA Abstract The main objective of the paper is to depict the challenges faced by Venture Capital Financing firms. Venture Capital is money provided by professionals who invest and manage young rapidly increasing companies that have the probable to develop into significant economic contributors. The Government of India in an attempt to bring the nation at par and above the developed nations has been promoting venture capital financing to new
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Bond Law Review Volume 10 | Issue 2 Article 6 12-1-1998 Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications Damien Murphy Follow this and additional works at: http://epublications.bond.edu.au/blr Recommended Citation Murphy‚ Damien (1998) "Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications‚" Bond Law Review: Vol. 10: Iss. 2‚ Article 6. Available at: http://epublications.bond.edu.au/blr/vol10/iss2/6 This
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Chapter X : Overview of Business Finance • In the olden days knowledge is acquired through apprenticeship. • Today‚ business ability is acquired through classroom instructions and study of textbooks. What is business? • Business’ purpose – production and marketing of every possible article and service that will help human wants at the most convenient and reasonable manner at a profit. • Main purpose of businessman – make profit out of which to support himself and his dependants. Categories
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FINANCIAL MANAGEMENT CONCEPTS FOR M.B.A II SEMESTER STUDENTS | |ABC System : a System used to categorize inventory items to ensure that the most important ones are reviewed most often. | | |Account Receivable: A balance due from a customer. | | |Aggressive Working Capital Investment Policy : A policy under which holdings of cash‚ securities‚ inventories‚ and receivables
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maintenance). iv. Inventory of bottles. 2.) Financial accounting Information like this is geared toward the external users whom have no control towards the preparation of reports or access to the underlying details‚ for example: the government‚ creditors‚ banks‚ shareholders‚ public and etc. To ensure uniformity‚ the information reported is subjected to a set of ground rules and prepared under generally accepted accounting principles (GAAP). As for the case study‚ the information needs to be recorded
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ACCA P2 (International) Course Overview GROUP ACCOUNTING – BASIC GROUPS Statement of financial position – standard workings Group structure Retained earnings Net assets Noncontrollin g interests Goodwill Statement of comprehensive income – standard workings Group structure Retained earnings b/fwd Net assets at aq’n Noncontrolling interests Goodwill Consol’n schedule Accounting for associates Group structure Share of retained earnings at each SOFP date
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