equitable that company be wound up s461(k) traced back to English Act of 1848 * History p 553-555 b. Re Tivoli Freehold Ltd [1972] VICSC—applying just and equitable rules to wind up co: (i) just and equitable give court a wide discretion which must be exercised judicially (Baird vHenry Lees 1924) question of fact: all circumstances to be considered (ii) facts rendering it just and equitable to be wound up: more than one
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Abstract The short report reveals about the possible risks that affecting the computer system in terms of data loss and malfunctioning of programs. By taking simple precautionary measures the unexpected hazards can be completely eliminated. The most significant preventive measure is timely backing up the data. The other involves physical safety and installation of anti-virus programs. One factor to be kept in mind is that without proper physical safety no data is safe‚ as the hardware parts
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Vibrating screen works depending on the complex rotary type vibration generated by vibrator. The vibrating screen is mainly classified into linear vibrating screen and circular vibrating screen. According to the vibrating type of the screen‚ the vibrating screen can be classified into the single shaft vibrator and double shaft vibrating screen. Vibrating screen is mainly used in mining‚ smelting‚ building materials‚ coal‚ refractory materials‚ light industry‚ chemical industry‚ medicine‚ food and
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29) All of the following features may be characteristic of preferred stock EXCEPT A) callable. B) no maturity date. C) tax-deductible dividends. D) convertible. Answer: c If a firm has class A and class B common stock outstanding‚ it means that A) each class receives a different dividend. B) the par value of each class is different. C) the dividend paid to one of the classes is tax deductible by the corporation
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the ability to service fixed charges also will vary. Consequently‚ there is a relatively large risk that the firm will be unable to meet its fixed charges. As a result‚ firms in unstable industries tend to use less debt than those whose sales are subject to only moderate fluctuations. 12-4 The tax benefits from debt increase linearly‚ which causes a continuous increase in the firm’s value and stock price. However‚ bankruptcy-related costs begin to be felt after some amount of debt has been employed
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informed decisions about what stocks to buy or sell. Without fundamental value‚ one is set adrift in a sea of random short-term price movements and gut feelings. Before we can value a share of stock‚ we have to have some notion of what a share of stock is. A share of stock is not some magical creation that ebbs and flows like the tide; rather‚ it is the concrete representation of partial ownership of a publicly traded company. If XYZ Corporation has 1 million shares of stock outstanding and we hold
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result directly in profits‚ for example by sponsorship of sporting events of the opera or other entertainment. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not? Answer: Participating in programs that are socially responsible does not contradict the goal of maximization of shareholder wealth. Having a good reputation from your local community is very important for sustaining a business. Although it remains true that spending on social programs could
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Stock exchange A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks‚ bonds‚ and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments‚ and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies‚ unit trusts‚ derivatives‚ pooled investment products and bonds. To be able to trade a security
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Abstract Maximizing shareholder wealth requires a decisive strategy and a well-developed plan. It allows an investor to consider financial statements and growth strategies in order to establish a course of action. Case in point‚ one major franchising international business bought a well-known global restaurant business. The risks and expected return by these two companies may affect its long-term future goals. A profitable electronics company may lose its primary supplier in a strategic takeover
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Classify the types of friends you have. When I was a little girl‚ the thing made me happy was having as many friends as possible. However; when I grow up I realize that there are many types of friends I should not get close with. According to me‚ based on how well I know friends are classified into three types are: best friend‚ hypocrite friends and pest friends. First of all is the best friend whom you can truth‚ you can share everything‚ you can rely on and whom you can call when you get in
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