they stated that the value of the firm is independent of firm’s capital structure. As the portion of debt goes up‚ the firm will be riskier‚ and the expected return will increase. In an efficient market‚ the business risk does not vary with leverage. But later‚ Modigliani –Miller theory modified that taxation should be taken into account. The tax rate on dividend paid out is heavier than tax rate on debt because the interest paid on debt is deductible which means the value of a firm will increase
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thought that it was inconvenient when he must waste a lot of time to help ALTs to do simple every task life - which is a basis responsibility of a supervisor. Instead of giving ALTs information‚ he ignore them or giving them the wrong information. The second one is the different in the office Culture between Japanese and eastern countries as Mr Higashi said : in Japan‚ typical Japanese employees normally did not make use of their vacation time due to their great loyalty to the company. If an employee
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Module 1 Case BUS 499 TUI University _______NAME____ ______DATE_____ Saatchi and Saatchi had been in business long enough to have a stronger foundation than many other struggling companies in the 1990s. However‚ this organization found themselves dangerously close to being another statistic of economic recession. They went from a billion dollar company to the brink of bankruptcy. Adversity breeds creativity‚ and this pending financial crisis led to a series of events that eventually
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Top of Form 1. __________ is concerned with the acquisition‚ financing‚ and management of assets with some overall goal in mind. Financial management Profit maximization Agency theory Social responsibility 2. Jensen and Meckling showed that __________ can assure themselves that the __________ will make optimal decisions only if appropriate incentives are given and only if the __________ are monitored. principals; agents; agents agents; principals; principals
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Running head: MEASUREMENT‚ SIMULTANEOUS EQUATIONS‚ AND TIME SERIES Measurement‚ Simultaneous Equations‚ and Time Series Questions QRB/501 MEASUREMENT‚ SIMULTANEOUS EQUATIONS‚ AND TIME SERIES Measurement‚ Simultaneous Equations‚ and Time Series Questions Levels of Measurement Question from; Statistical Techniques in Business and Economics text. Ch.1‚ Exercise 18. Refer to the Wage data‚ which reports information on annual wages for a sample of 100 workers. Also included are variables
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Groucho Marx once said "While money can’t buy happiness‚ it certainly lets you choose your own form of misery.” The American Dream of money is the belief that having a lot of money will satisfy the cravings people have for wealth. People strive to accomplish a life filled with money and success because money promises a life of happiness and greatness. The idea of having a large quantity of money is one that has consumed people and altered the dream of hard work and success. Although this dream brings
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Amount-Exit Fee = (3‚000*$8.86)+(3‚000*$0.40)-$21‚300-$1‚329 = $26‚580+$1‚200-$21‚300-$1‚329 = $5151 2d) The pre-tax annualised absolute return to Ricky assuming the investment is sold after 6 months = [(market value at the end of the evaluation period- market value at the beginning of the evaluation period+Income distribution)]/Purchase Price*100 = [(3‚000*$8.86)-(3‚000*$7.10)+(3‚000*$0.40)]/(3‚000*$7.10)*100 = [($26‚580-$21‚300+$1‚200)/$21‚300]*100 = 30.42% 2e) Tax will Ricky
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Nowadays almost all schools include such subjects as art‚ drama‚ and music in their educational program. Therefore‚ by the time when children graduate school they have general understanding and basic knowledge in all of them. In my opinion‚ it is a positive tendency and these subjects should indeed be a part of every child’s education. I would like to introduce several reasons and examples that I believe will support my viewpoint. First and foremost‚ teaching of subjects such as art‚ drama and music
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Select the best answers for questions (2 points each for questions 1-10) 1. HSBC is a UK-based bank‚ and it holds more than 50% equity of Hang Seng which is a Hong Kong based bank. Which of the following statement is correct? A) Hang Seng is the representative office of HSBC at HK B) Hang Seng is the foreign branch of HSBC C) Hang Seng is the foreign subsidiary bank of HSBC D) Hang Seng and HSBC are two independent banks. 2. Which of the following services is not provided by a typical bank
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dividend of $1.32. Analysts expect the company’s dividend to grow by 30% this year‚ by 10% in Year 2‚ and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the stock’s current market value? D1 = 1.716 D2 = 1.8876 D3 = 1.98198 P2 = 1.98198/(.09-.05) = 49.5495 Po = 1.716/(1.09) + (1.8876+49.5495)/(1.09)^2 Po = 44.87 4. A firm has the following sales: 2008 2009 2010
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