debt capacity if: a. no dividends are paid? b. a 20% payout is pursued? c. a 40% payout is pursued? d. a residual payout policy is pursued? Note that case Exhibit 8 presents an estimate of the amount of borrowing needed. Assume that maximum debt capacity is‚ as a matter of policy‚ 40% of the book value of equity. In addition‚ please check TN_26 provided in blackboard which will help you verify this question. Pays no dividends – If it pays no dividends‚ then Gainesboro would be
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part in the lives of humans. Be it their social‚ personal or business lives‚ animals always manage to somehow squeeze themselves into the storyline. As far as one can trace back history‚ you will find countless incidents that involved interaction between animals and humans. They have played various roles; that of a friend‚ companion‚ benefactor‚ protector‚ comforter‚ and more. This world would be a very different place were its sole inhabitants humans. Apart from being faithful comrades‚ animals
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MGT 6080 Investments Homework 1 Note: Due time/date for this homework is 4:30pm on February 5. Please make online submission at T-square. 0. Today you bought 100 shares of ABC Inc. at $100 per share. A year from now ABC will pay a dividend of $2 per share for sure. The price of ABC a year from now is uncertain and depends on the state of the economy. A year from now the economy will either be in a recession‚ a state of “normal” growth‚ or a boom with probabilities of 30%‚ 40%‚ and 30% respectively
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Research THE RELATIONSHIP BETWEEN TRANSFORMATIONAL LEADERSHIP‚ INTEGRITY AND AN ETHICAL CLIMATE IN ORGANISATIONS Authors: Anja S. van Aswegen1 Amos S. Engelbrecht1 Affi liations: 1 Department of Industrial Psychology‚ Stellenbosch University‚ South Africa Correspondence to: Amos Engelbrecht e-mail: ase@sun.ac.za Postal address: PO Box 3543‚ Stellenbosch‚ 7602‚ South Africa How to cite this article: Van Aswegen‚ A.S.‚ & Engelbrecht‚ A.S. (2009). The relationship between transformational
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Between the years of 1874-1974 America’s foreign policy was strongly motivated by ideological concerns. America’s view was having an imperialistic drive with Ferguson concluding that America had an empire but America did not see it clearly. America had imperialistic motivations behind Manifest Destiny‚ acquisitions of Philippines and Roosevelt ‘Big Stick’ policy. Before the Pearl Harbour attack in 1941 America had strong periods of isolationism implemented in their foreign policy. This according
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[NOVEMBER The Nature of the Firm By R. H. COASE ECONOMIC theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is‚ however‚ essential not only to prevent the misunderstanding and needless controversy which arise from a lack of knowledge of the assumptions on which a theory is based‚ but also because of the extreme importance for economics of
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INTRODUCTION TO INVESTMENT What is Investment? An investment is the choice by the individual‚ after thorough analysis‚ to place or lend money in a vehicle (e.g. property‚ stock securities‚ and bonds) that has sufficiently low risk and provides the possibility of generating returns over a period of time. Placing or lending money in a vehicle that risks the loss of the principal sum or that has not been thoroughly analyzed is‚ by definition speculation‚ not investment. In the case of investment‚ rather
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Defining the psychological contract The exchange relationship between organisation and employee ranges the entire contract spectrum from strictly legal to purely psychological (Spindler 1994). Many aspects of this relationship are shaped by legislation‚ enterprise agreements and/or an employment contract signed by the employee detailing issues such as hours‚ salary and benefit plans. However‚ other aspects of the employment relationship are likely to be confined to the subconscious (Spindler 1994)
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MEMORANDUM on The Zimbabwean Access to Information and Privacy Bill by ARTICLE 19 Global Campaign for Free Expression London January‚ 2002 Introduction The Access to Information and Privacy Bill‚ 2001 (Media Bill) is currently being considered by the Zimbabwean Parliament. Passage of this Bill‚ which is part of a series of restrictive measures proposed by the Government‚ was recently delayed when the parliamentary legal committee failed to report on it in advance of the second reading‚ as
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The next step in the Balanced Scorecard Model is to develop the strategic goals. This is where the vision of the organization is interpreted into achievable targets. These targets are derived from the gap between the desired outcome and status quo. The value gap represents the difference between aspiration and reality; it becomes the goal for the new strategy to fulfill (Norton‚ Kaplan‚ & Barrows Jr.‚ 2008). The vision setting process establishes the start of the strategy development process and allows
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