Legal structure of the business Different businesses depending on their legal structure are able to obtain different sources of finance easier than others. For example a larger company may be able to obtain a loan easier than a smaller business. I will now go on and look at the different legal ownerships are and talk about their financing. Sole traders A sole trader is usually owned and controlled by one person. Small businesses such as sole traders are usually financed by the owner’s own personal
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engineering‚ transforming them into a security. A typical example of securitization is a mortgage-backed security (MBS)‚ which is a type of asset-backed security that is secured by a collection of mortgages. The process works as follows: First‚ a regulated and authorized financial institution originates numerous mortgages‚ which are secured by claims against the various properties the mortgagors purchase. Then‚ all of the individual mortgages are bundled together into a mortgage pool‚ which is held in
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change only b. Price change only c. Total change in value d. Physical change and price change 7. Financial accounting is the area of accounting that emphasizes reporting to a. Management b. Regulatory bodies c. Internal auditors d. Creditors and investors 8. An investor purchased a bond as a long term investment on January 1. Annual interest was received in
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Credit cards have become one of the most commonly used means for daily financial activities. They are used for everything from buying breakfast‚ to getting gas‚ to paying the power bill. Some people use them for the rewards and others for a stream of cash until the next paycheck. While some people pay the balance off monthly‚ many more have some significant amount of debt from one or more credit cards. In fact‚ the average credit card debt per U.S. adult‚ excluding store and zero balance credit cards
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CHALLENGES AHEAD FOR VENTURE CAPITAL FINANCING IN INDIA Venture Capital is money provided by professionals who invest and manage young rapidly growing companies that have the potential to develop into significant economic contributors. According to SEBI regulations‚ venture capital fund means a fund established in the form of a company or trust‚ which raises money through loans‚ donations‚ issue of securities or units and makes or proposes‚ to make investments in accordance with these regulations
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CORPORATION LAW INTRODUCTION Definition and attributes of a corporation A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. A corporation‚ being a creature of law‚ "owes its life to the state‚ its birth being purely dependent on its will‚" it is "a creature without any existence until it has received the imprimatur of the state acting
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TO: Kelvin Tan‚ Board of Director FROM: Amy Lim‚ Finance Director DATE: 20 May 2013 SUBJECT: Capital structure and financing of Cheetah Holdings Berhad Introduction Cheetah Holdings Berhad was established in year 1977. The company was listed on the Second Board of Bursa Malaysia Securities Berhad on 19th January 2005. In year 2007‚ they have moved into the First Board of Bursa Malaysia Securities Berhad. The objective of Cheetah Holdings Berhad is to grow its bottom
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BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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Analysis for financial management (Robert C. Higgins) Summary of the used chapters in the lecture (WM0609LR) Chapter 1 Interpreting financial statements Accounting Information provided by 3 annual reports: Balance Sheet Cash-Flow statement Income statement Figure 1 Cash flowproduction cycle (Operating) working capital: movement of cash into inventory Investment: flow from cash into new fixed assets Depreciation: the loss in value of fixed assets ⇒ increase in value of merchandise made + needed for
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INDIAN CONTRACT ACT 1. S. 124 - Gajanan Moreshwar Parelkar v Moreshwar Madan Mantri (Indemnity) (Plaintiff‚ at the request of the defendant‚ executed two mortgages in favour of Mohandas. Defendant wrote a letter promising to indemnify the plaintiff against any suits by the mortgagee‚ along with executing a third mortgage in place of the previous two. Plaintiff prays that the defendant obtains a release of liability from Mohandas; Issues: 1) Can the indemnified ask for performance of the contract
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