the company liable only the company itself. The case which illustrates this is Salomon v Salomon & co (1897) Salomon formed a limited company to take over his business‚ himself‚ his wife‚ his daughter and four of his sons each subscribed for one share. When the company fell on hard times and the liquidator was appointed salomon was entitked to be paid before the unsecured trade creditors as he was a secured creditor. In this case the trade creditors recieved nothing and the unsecured creditors claimed
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Profit 460.76 334.51 303.89 Equity Dividend 133.29 96.51 88.57 Shares in issue (lakhs) 5‚126.42 5‚076.49 5‚061.35 Equity Dividend (%) 260 190 175 %age Contribution of Profit to Dividents 28.9 28.8 29.1 Div. per Share 26 19 17.5 UPL FV=2 MV=186 Mar ’13 Mar ’12 Mar ’11 Sales Turnover 4‚136.02 3‚432.66 3‚196.27 Reported Net Profit 208.13 227.04 157.5 Equity Dividend 110.44 115.45 92.36 Shares in issue (lakhs) 4‚426.04 4‚618.04 4‚618.04 Equity Dividend (%)
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In this file ACC 291 Week 4 Chapter 14 Practice Quiz 1 you can find right answers on the following questions: Comparisons of data within a company are an example of the following comparative basis: In horizontal analysis‚ each item is expressed as a percentage of the: In vertical analysis‚ the base amount for depreciation expense is generally: The data in the schedule is a display of vertical analysis because the individual asset items are expressed as a percentage of total assets
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of State to become incorporated and on September 19th‚ 1911‚ said petition was granted‚ marking the genesis of the Madame C.J. Walker Manufacturing Company of Indiana‚ Inc. wherein Madame Walker was the President and sole shareholder of all 1‚000 shares of stock. She was also an early civil rights advocate on behalf of Black people‚ and an avid financial supporter of what today we call HBCU”s or Historically Black Colleges and Universities. By the time of her passing in 1919‚ Madame C.J. Walker
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a) 1. To raise new equity capital. Because of preemptive rights‚ stockholders can maintain the percentage ownership interest in the company by buying new shares on a pro rata basis before they are issued to the public. It prevents existing stockholders from dilution in value or control. The warrants indicate how many shares can be bought. 2. The objective of issuing warrant to certain employees is that it can appeal them to have interests in management and let them join the growth of company. So
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Since both sides share the same goal‚ making decision together will be more effective. Piggyback registration : Zero – sum(positive sum) -Giving the right to register the stock for investors will increase the cost of company. -more benefits to the investors; These rights provide investors liquidity by requiring the target firm to register their shares for sale to the public Pre-money valuation : Zero – sum -The cost of pre-money valuation that set up proportional of VC’s shares is the dilution of
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Q) If you were Mr. Vincent would you try to gain control of Robertson tool in May 2003 If I were Mr. Vincent ‚ yes I would like to gain control of Robertson tool in May 2003. The synergy after acquiring as well as profits which would be gained after the merger will be more than the cost of the merger. Monmouth had earlier acquired Dessex. It acquired a quality product line‚ an established distribution system of 15000 retail hardware stores spread across United States as well as in Canada and
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What is a closely held business? When a business has very limited number of shareholders then this is called closely held business. This thing usually exists in family businesses. Their shares are publicly traded on occasion but very rare. To whom does a director owe a fiduciary duty? Directors owe a fiduciary duty to corporation‚ as such; directors must ensure the corporation’s interests always priorities. It is the fiduciary duty of the director to act honestly and in good faith‚ with a view
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article is the concluding factor that confirmed my decision to buying into Wing Tai Holdings as I believe this appointment would greatly improve Wing Tai’s reputation as a company. Hence on the 12 November 2013‚ I bought 10000 of Wing Tai’s shares at 1.9950 per share. Wing Tai’s
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appear to be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul
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