BASIC PRINCIPLES OF THE CONSTITUTION Representative government: Selection of representatives in "free" and scheduled elections Governing with the consent of the governed Federalism: power-sharing between national‚ state and local government Historical pattern of increasing the powers of the national government at the expense of local autonomy Supreme Court’s role in ongoing debate over federalism: Early cases—McCulloch v. Maryland (1819)‚ Gibbons v. Ogden (1824) Selective Incorportation
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Q. What is the Corporate Social Responsibility policy of IBM is and how it is implemented and evaluated IBM policies Global employment standards At IBM‚ we have always set high standards for the way we conduct business – in areas from corporate and social responsibility to sound business ethics‚ including compliance with all applicable laws and regulations. These Conduct Principles apply to all IBM employees. However‚ they are not meant to describe the full scope of IBM human resource policies
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000 $16‚250 $23‚400 Expenses (4‚250) (8‚000) (8‚100) Tax cost (2‚730) (3‚075) (4‚590) Net cash flow $6‚020 $5‚175 $10‚710 Discount factor (6%) .943 .890 Present value $6‚020 $4‚880 $9‚532 NPV $20‚432 11. a. Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow $(500‚000) $52‚500 $47‚500 $35‚500 $530‚500 Tax cost (7‚875) (7‚125) (5‚325) (4‚575) After-tax cash flow 44‚625 40‚375 30‚175 525‚925 Discount factor (7%) .935 .873 .816 .763 Present value $(500
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CFO>Capex? 4. CFO>Capex + Dividends 5. Excess Cash 6. Source of cash to pay Capex and/or Dividends 7. Were working capital accounts other than cash and cash equivalents primary sources of cash or users of cash? 8.What other major items affected cash flows? 1991 1. Major sources of cash are cash received from customers and proceeds from the issuance of common stock. Major uses of cash are cash paid to suppliers and employees and increase of accounts
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question in the space provided. 1 Which of the following is not a capital budgeting decision? a Whether to acquire a subsidiary company. b Whether to expand a product line. c Whether to fill a special order. d Whether to purchase a fleet of trucks. 2 Which of the following is an example of a nonfinancial consideration in capital budgeting? a Will an investment generate adequate cash flows to promptly recover its cost? b Will an investment generate an acceptable rate of return? c Will an investment have
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Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows Richard S. Ruback* This paper presents the Capital Cash Flow (CCF) method for valuing risky cash flows. I show that the CCF method is equivalent to discounting Free Cash Flows (FCF) by the weighted average cost of capital. Because the interest tax shields are included in the cash flows‚ the CCF approach is easier to apply whenever debt is forecasted in levels instead of as a percent of total enterprise value. The CCF method retains
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top management. According to Allen‚ “Centralization” is the systematic and consistent reservation of authority at central points in the organization. The implication of centralization can be :- 1. Reservation of decision making power at top level. 2. Reservation of operating authority with the middle level managers. 3. Reservation of operation at lower level at the directions of the top level. Under centralization‚ the important and key decisions are taken by the top management and the
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Basic cooking principle CONDUCTION Conduction occurs in two ways: 1. When heat moves directly from one item to another part of item example‚ from the top of the range to a soup pot placed on it‚ from the pot to the broth inside‚ and from the broth to the solid food items in it. 2. When heat moves from one part of something to an adjacent part of the same item for example‚ from the exterior of a roast to the interior‚ or from a sauté pan to its handle. Different materials conduct heat at different
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Prior to the cash receipts reaching the accounts receivable clerk‚ the auditor should make a list of all cash receipts without the clerk’s knowledge. After the clerk posted cash receipts to the journal‚ the auditor should compare the details of the cash receipt listings he made to the detail of daily deposit tickets made by the clerk. 2. Trace a sample of customers’ accounts from journal to ledgers. 3. Investigate debit entries in the general ledger cash account other than from the cash receipt journal
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405 The five moral principles of bioethics are autonomy‚ nonmaleficence‚ beneficence‚ utility and justice. I believe the list is complete; if not‚ a little over capacity. I am confused on how much due care (under nonmaleficence) differs from utility. In both instances‚ we are trying to minimize harm as long as it benefits the person. As long as utility exists‚ I don’t know if nonmaleficence is necessary. I think utility covers the same bases. A principle we could add would be a principle where a
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