Chapter 1 P 23 Case study 1 1. For case scenario 1 What are the duties owed by Ming? Ming answers to Bing Ho‚ to the company‚ the stakeholders and the board of directors The duties that Ming takes as an employee are * Accountability * Objectivity * Integrity * Honesty/duty of care Is there any conflict of interest faced by Ming as an assistant accountant in Wholesalers Ltd? Ming V Bing Decide to go with Bing’s guide as instructed or record Bing’s fraudulent discrepancy
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VALUE Vs PRICE There are four major attributes of a commodity i.e.‚ an item or service produced for‚ and sold on the market has four major attributes. They are: • a value • a use‐value (or utility) • an exchange value • a price (it could be an actual selling price or an imputed ideal price) VALUE In simple words‚ value refers to the importance of a thing or utility of a commodity. But in economics the term “value” has a quite different meaning. According to the famous economist
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and form alkaline solution Slightly dissolve in water and form alkaline solution Insoluble in water Insoluble in water Dissolve in water and form acidic solution Dissolve in water and form acidic solution pH of aqueous solution 14 9 7 7 1 3 Acid-base nature Basic Basic Amphoteric Acidic Acidic Acidic Conductivity of liquid Conductor Conductor Conductor Insulator Insulator Insulator Solubility in hexane Insoluble Insoluble Insoluble Soluble Soluble
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The statement "The Thirty Years War is both the end of the middle ages and the start of the modern age" is in my opinion very accurate. The Thirty Year’s War‚ was a series of declared and undeclared wars lasting between 1618 and 1648‚ primarily fought in Germany. The middle ages is described as being between the post Roman Empire and the Renaissance; 400 AD-1400 AD. During the middle ages people were controlled by the church. Leaders led by divine rule‚ deriving their power through God and the church
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Prices & Markets Lecture 1: Demand & Supply © Martin Byford 2012 Definition: Economics /iːkəәˈnɒmɪks‚ ɛk-/ noun The social science that analyses the production‚ distribution and consumption of goods and services given unlimited wants and scarce resources. ORIGIN late 16th cent. (denoting the science of household management): from ta oikonomika‚ the name of a treatise by Aristotle (or his student Theophrastus). Definition: Microeconomics /ˌmʌɪkrəәʊ-/ noun That part of economics concerned
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Government bonds and securities Trust in our government has been declining in recent years. Given the current status of our economy it is less likely to think of the government as an option for building retirement. However‚ investing in government bonds and securities can offer protection from times of high inflation which will leave a reliable source of income during retirement. I bonds and treasury inflation protection securities are two of the easiest ways for college graduates to begin
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show all calculations used to arrive at solutions for the following questions: 1. Community Hospital has annual net patient revenues of $150 million. At the present time‚ payments received by the hospital are not deposited for six days on average. The hospital is exploring a lockbox arrangement that promises to cut the six days to one day. If these funds released by the lockbox arrangement can be invested at 8 percent‚ what will the annual savings be? Assume the bank fee will be $2‚000 per month
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Thirty Years War The thirty year old war which began in 1618 because of deep religious divide that was in Germany and other parts of Western Europe came to abrupt end at the Peace of Westphalia‚ signed in 1648. The three main reasons of war are: Protestants and Catholics rivalry within the Roman Empire‚ the Bourbon–Habsburg conflict for European supremacy and disputes between France and Habsburg. The thirty year war is considered as the ugliest war of Europe which had a huge human cost impacted
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Inflation-Protected Bonds 1(a) Regular Treasury bonds are purchased at face value in the beginning or an adjusted price prior maturity. And in every period‚ normally annul or semiannual‚ investor will receive a coupon as an interest and at the maturity a principal plus coupon. (b) Coupon and principal of the Regular Treasury bonds are fixed‚ therefore if the inflation rate increases in the forecasting future‚ investor will receive the same amount of coupon and principal with less real value and purchasing
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Chapter 5 Bonds and Their Valuation Mini-Case Sam Strother and Shawna Tibbs are vice-presidents of Mutual of Seattle Insurance Company and co-directors of the company’s pension fund management division. A major new client‚ the Northwestern Municipal Alliance‚ has requested that Mutual of Seattle present an investment seminar to the mayors of the represented cities‚ and Strother and Tibbs‚ who will make the actual presentation‚ have asked you to help them by answering the following questions
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