Many of the predictions made by George Orwell in his book 1984 in relation to "Big Brother" surveillance‚ corruption of language and control of history have already come about to a great extent in Communist countries and to some extent in the West. The powers of security police in Western countries to intercept mail and tap phones have often been extended‚ police agencies keep numerous files on law-abiding citizens‚ and more and more public officials have the right to enter private homes without
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1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate as accurately as possible the effect of these on the company’s 1984 reported profits. 1. Products purchased from Kobe Steel were included in net sales‚ as opposed to only reporting the gross margin on Kobe equipment. These net sales amounted to $28 million in 1984‚ although the amount was insignificant on net income. 2. Financial statements of some foreign subsidiaries
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Introduction Butler Capital Partners (Butler) is an investment fund founded in 1990. Butler closed its first private equity fund‚ European Strategic Fund‚ in 1991. This first fund was mainly focusing on small family owned enterprises and on divisions of larger companies. Mainly of his first success he closed in 1998 his second fund‚ Private Equity II‚ and Butler became one of the largest independent funds in France. With his second fund he would focus on investments in France on a larger scale
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role of cash flow information in discriminating between bankrupt and non-bankrupt companies remains a contentious issue. In a number of literature reviews on bankruptcy prediction (e.g. Zavgren‚ 1983; Jones‚ 1987; Neill et al. 1991; Watson‚ 1996) the common view is that cash flow information does not contain significant incremental information content over accrual information in discriminating between bankrupt and non-bankrupt firms. (Divesh S. Sharma‚ Senior Lecturer‚ School of Accounting‚ Banking
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These are U.S. denominated bonds trading in a foreign country. Why do this? If borrowing rates are lower in France. To avoid SEC regulations. The Bond Indenture The bond contract between the firm and the trustee representing the bondholders. Lists all of the bond’s features: coupon‚ par value‚ maturity‚ etc. Lists restrictive provisions which are designed to protect bondholders. Describes repayment provisions. VALUE Book value: value of an asset as shown on a firm’s balance sheet; historical
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THE ELEMENTS OF A CASH FLOW PROJECTION A capital budgeting decision is characterized by costs and benefits (cash flows) that are spread out over several time periods. This leads to a requirement that the time value of money be considered in order to evaluate the alternatives correctly. Although in actual practice we must consider risk as well as time value‚ to situations in which the costs and benefits (in terms of cash) are known with certainty. There are sufficient difficulties in just taking
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Golden country “Presumably she could be trusted to find a safe place. In general you could not assume that you were much safer in the country than in London. There were no telescreens‚ of course‚ but there was always the danger of concealed microphones by which your voice might be picked up and recognized; besides‚ it was not easy to make a journey by yourself without attracting attention” An old‚ close-bitten pasture‚ with a footpath wandering across it and a molehill here and there. In
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In 1984‚ George Orwell introduces his idea of what the future holds for humanity. He portrays a very dystopian society with limited freedom of speech by Big Brother‚ the government‚ through the eyes of Winston in many ways. The book introduces the idea of Newspeak which is a language that tries to limit thoughtful communication by degenerating the language over time as Syme states to Winston in 1984. Winston purchases a diary knowing the consequences of expressing self-thought even when directed
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Propaganda Currently‚ propaganda is being projected to Americans all across the United States every time they turn on a radio‚ television or look at a billboard. Nearly every politician is using these promotional opportunities to influence the minds’ of citizens before the upcoming election. Whether they are aware of it or not‚ these Americans are being subjected to propaganda. Propaganda is a method of communication that is used to sway the attitude of a population by only presenting one side
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In the book 1984‚ written by George Orwell‚ there is a group portrayed that is similar to what society would call a cult. A cult is defined as a religion or religious sect generally considered to be extremist or false‚ with its followers often living in an unconventional manner under the guidance of an authoritarian‚ charismatic leader. Totalism is described as the principle of complete and unrestricted power in government. The books main themes include language as mind control and psychological
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