persistently skewed to the right. Wemodel an economy in which agents have to acquire highereducation to qualify for skilled work and in which capitalmarket imperfections prevent poor individuals from making sucha profitable human capital investment. If these borrowingconstraints do not bind for members of the middle class‚ theymay rationally reject redistribution although both the currentand the future median of the wealth distribution are below themean. Close Page 1 Page 2 Page 3 Page 4
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Problems Earnings per share is the portion of a company’s profit allocated to each outstanding share of common stock. The computation of earnings per share is income minus preferred stock dividends divided by weighted average number of shares of common stock outstanding at the end of the period. Earning per share is considered to be the single most important metric to determine a company’s profitability which is crucial to the decision making of potential investors and creditors. In other words‚ earnings
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CHAPTER 1 1.1 INDUSTRY PROFILE 1.1.1 About this Industry: Finance and Share Market. [pic] 1.1.2 BSE • The Bombay Stock Exchange (BSE) (formerly‚ The Stock Exchange‚ Bombay) is a stock exchange is the oldest stock exchange in Asia. • The equity market capitalization of the companies listed on the BSE wasUS$1.63 trillion as of December 2010‚ making it the 4th largest stock exchange in Asia and the 8th largest in the world. • The BSE has the largest number of listed
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following are the main difference between a debenture and a share: • A person having the debentures is called debenture holder whereas a person holding the shares is called shareholder. • Debenture holder is a creditor of the company and cannot take part in the management of the company while a shareholder is the owner of the company. It is the basic distinction between a debenture and a share • Debenture holder is a creditor of the company and cannot take part in the management of
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Shares-A share is the interest of shareholder in terms of money in the business represented as a liability on the company. In the words of Justice Farewell‚ “The interest of a shareholder in the company measured‚ by a sum of money for the purpose of liability in the first place‚ and the interest (dividend) the second‚ but also consisting of various covenants entered into by the shareholder inter se.” It defines the relation between the company and shareholder. Shareholders are the real owners of
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Share Valuation Valuation Situations 1. Initial Public Offerings (IPOs) An initial public offering is the first sale of shares by a company to the public. The shares then become publicly traded. 2. Management Buy-outs (MBOs) A management buy-out is a form of acquisition in which the existing managers of a company acquire a large part or all of the shares of the company. 3. Management Buy-ins (MBIs) A management buy-in is a form of acquisition in which a manager or management team from
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Types of shares: Share issued by a company can be divided into following categories: (I) Preference Shares: According to section 85 of the Companies Act‚ 1956‚ persons holding preference shares‚ called preference shareholders‚ are assured of a preferential dividend at a fixed rate during the life of the company. They also carry a preferential right over other shareholders to be paid first in case of winding up of the company. Thus‚ they enjoy preferential rights in the matter of: (a) Payment of
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Redemption of Preference Shares The fund provided by the owners in to a business is known as capital. You know that capital of the business depends upon the form of business organization. From ownership point of view‚ there are number of business organizations like‚ sole proprietorship business‚ partnership business‚ cooperative societies‚ joint stock companies etc. Total capital of the company is divided into a number of small units of fixed amount and each such unit is called a share. The fixed value
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Capital punishment still takes place in the twenty-first century. The opinion on how much power the government should have when applying the death penalty punishment varies among different people. Even the religious leaders‚ judges‚ magistrates‚ scholars and lawyers hold different ideas when it comes to the issue of capital punishment. There are those who think that the government should have the authority to determine whether a person who commits a crime deserves to die or to live. Although the
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Capital Punishment is the use of death as punishment. In the 18th century Parliament was continuously enlarging the list of capital crimes‚ which were punishable by death‚ these included stealing in a shop to the value of five shillings‚ stealing anything at all privily from a person‚ sending threatening letters‚ sacrilege‚ and cutting down a tree. Starting in the 180s‚ the number of capital crimes slowly decreased. In 1861‚ murder became the only offence for which the death penalty was used in peacetime
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