but large returns. The profit margin is more than 300 percents. So‚ what differentiate the tobacco with another agricultural product? Why the selling Tobacco is more profitable than other agricultural product when there are less consumers. The answer is that‚ first‚ there are no alternative to tobacco. Tobacco is tobacco. Unlike vegetable‚ there are so many alternatives for them‚ think about broccoli‚ lettuce‚ cucumber onion and many more. Second‚ not every that the tobacco can be grown. It is very
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Problems 50 8. International Equity Markets Suggested Answers and Solutions to End-of-Chapter Questions and Problems 56 9. Futures and Options on Foreign Exchange Suggested Answers and Solutions to End-of-Chapter Questions and Problems 62 10. Currency and Interest Rate Swaps Suggested Answers and Solutions to End-of-Chapter Questions and Problems 70 11. International Portfolio Investments Suggested Answers and Solutions to End-of-Chapter Questions and Problems 78 12. Management of Economic
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Why Did ABC Fail at the Bank of China? BY ABED AL-NASSER ABDALLAH‚ PH.D.‚ AND WEI LI UNLESS TOP OF USING MANAGEMENT LENDS ITS SUPPORT‚ EMPLOYEES UNDERSTAND THE PURPOSE MODELS ARE TESTED‚ AND COSTS/BENEFITS ARE DETERMINED‚ IMPLEMENTATIONS COULD FAIL. ABC‚ ABC EXECUTIVE SUMMARY Few authors have explored the implementation of activity-based costing (ABC) in East Asian companies. This study investigates factors that led to the failure of an ABC implementation at a major Chinese
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BUSINESS FINANCE AND FINANCIAL ENVIRONMENT FOR BUSINESS Business Finance 1. Business Finance is the act or process of accumulation and utilisation of funds in order to accomplish a firm’s ultimate goal of maximisation of owners’ wealth. Ultimate Goal of a Firm 2. Maximisation of the wealth of the owners or the shareholders of a firm is considered as the ultimate goal of financial management. The price of the stock in the securities market represents a shareholder’s current wealth position
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Currency war From Wikipedia‚ the free encyclopedia Currency war involves states competing against each other on the foreign exchange markets to achieve a relatively low exchange rate‚ in order to boost their exports. Currency war‚ also known as Competitive devaluation‚ is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their home currency‚ so as to help their domestic industry. Competitive devaluation has been rare
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Microfinance Banking in Nigeria: Problems and Prospects • [pic]Abstract • [pic]Reference • [pic]Full-Text PDF • [pic]Full-Text HTML Acha Ikechukwu A. Department of Banking and Finance‚ University of Uyo‚ AkwaIbom State‚ Nigeria Correspondence to: Acha Ikechukwu A. ‚ Department of Banking and Finance‚ University of Uyo‚ AkwaIbom State‚ Nigeria. |Email: |[pic] | Copyright © 2012 Scientific & Academic Publishing. All Rights Reserved. Abstract
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What is bank? Finance is the life blood of trade‚ commerce and industry. Now -a-days‚ banking sector acts as the backbone of modern business. The term bank is derived from the French word Banco which means a Bench or Money exchange table. In olden days‚ European money lenders or money changers used to display (show) coins of different countries in big heaps (quantity) on benches or tables for the purpose of lending or exchanging. A bank is a financial institution which deals with deposits
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manufacturing companies in 27 countries‚ employs 246700 people and markets vehicles in more than 160 countries. Its capital as at March 2002 was 397 billion yen. Toyota is exposed to the fluctuation in foreign currency exchange as it operates mainly in America‚ Continental Europe and Britain. It is therefore affected by the fluctuation in the value of the US dollar‚ the Euro and to a lesser extent the British pound. Toyota ’s consolidated financial statements‚ which are presented in the Japanese yen‚ are
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Deutsche Allgemeinversicherung Company Deutsche Allgemeinversicherung (DAV) is one of the world’s largest insurance companies. In 1996‚ 51% of DAV’s business was in Germany (in which 60% was in retail insurance). Managers of other firms say DAV’s strengths lie in both ’sound‚ traditional insurance management’ (most likely the core insurance product offering) and ’outstanding customer services’ (most likely the human contract element in the insurance product). The insurance company has cutting-edge
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embraced by many. It was inspired in 610 CE‚ when a man named Muhammad went to a cave in Mount Hira to pray. It was claimed that there‚ an angel named Gabriel told Muhammad of a one true god named Allah. This inspired Muhammad to spread the ideas of Allah‚ beginning the world-wide religion known as Islam. Although it met much resistance in the city of Mecca at first‚ the religion grew and Muhammad was seen as a prophet of Allah. After Muhammad’s death in 632 CE‚ all of his teachings were recorded in
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