After the September 11 attack the Federal Government took several steps to combat terrorist financing‚ resulting with "More than $140 million in terrorist’s assets have been frozen across the some 1‚400 bank accounts worldwide." (Kaplan‚ 2006‚ Council on Foreign Relations) The United States government along with several other countries worked together and passed several laws to combat terrorist financing. After September 11‚ 2001‚ the thought of another attack weighed heavy on the minds of the federal
Premium Terrorism Money laundering September 11 attacks
Risk Financing Risk imposes costs in two broad forms – loss costs and the costs of uncertainty. Risk financing attempts to mitigate the impact of these costs by structuring the availability of funds to pay claims‚ aid recovery and enable the organization to maintain financial stability as it moves forward towards its mission. How risk financing occurs can vary. At one end of the scale‚ fully self-insured entities retain responsibility and‚ if risk-related costs arise‚ the entity directly bears those
Premium Risk management Insurance
services to the customer. Fund based services of NBFCs include: leasing‚ hire-purchase and other asset based services whereas fee based services of NBFCs include bill discounting‚ portfolio management and other advisory services. LEASE FINANCING Leasing as financial service is a contractual agreement where the owner (lessor) of equipment transfers the right to use the equipment to the user (lessee) for an‚ agreed period of time in return for a rental. At the end of the lease period the
Premium Lease Leasing Finance lease
Ronald Romero American Government Elizabeth McNamara 11/15/12 Campaign Financing: 2008 Election; Barack Obama vs. John McCain Campaign finance refers to all of the money raised and spent to promote a candidate or party for an upcoming political election. This money is a necessity for a candidate to have en edge in any election because the more funds they have the more they can do with it. What they can do with the money raised is another question. There are rules and regulations the candidates
Premium Barack Obama United States presidential election, 2008 Democratic Party
True / False Questions 1. Accounting is a system that collects and processes financial information about an organization and reports that information to decision makers. TRUE AACSB Tag: Communications Difficulty: Easy L.O.: 1 2. Assets on the balance sheet are recorded at market value or replacement cost. FALSE AACSB Tag: Reflective Thinking Difficulty: Easy L.O.: 1 3. In accounting and reporting for a business entity‚ the accounting and reporting for the
Premium Balance sheet Generally Accepted Accounting Principles Income statement
wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. Short-term financing currently costs 5 percent. Lear’s earnings before interest and taxes are $200‚000. Determine Lear’s earnings after taxes under this financing plan. The tax rate is 30 percent. - All fixed assets= $600‚000 - Half of its permanent current assets = $175‚000 - Long-term financing cost= 10% - Earnings before interest and taxes = $200‚000 - Tax rate= 30% Long-term
Premium Finance Generally Accepted Accounting Principles Economics
1) Profit maximization is described as short-term goal within a given period of time. A corporation may maximize its short-term profits at the expense of its long-term profitability. In contrast‚ stockholder wealth maximization is a long-term goal‚ since stockholders are interested in future as well as present profits. According to world academy (2013)‚”wealth maximization is generally preferred because it considers (1) wealth for the long term‚ (2) risk or uncertainty‚ (3) the timing of returns
Premium Economics Stock market Time
CLUSTER FINANCING Definition of Cluster in the Indian Context Clusters can be defined as Sectoral and geographical concentration of enterprises‚ in particular Small and Medium Enterprises (SME)‚ faced with common opportunities and threats which can: a. Give rise to external economies (e.g. specialized suppliers of raw materials‚ components and machinery; sector specific skills etc.); b. Favour the emergence of specialized technical‚ administrative and financial services; c. Create a conducive
Premium Multinational corporation Corporation Economic geography
The debentures are having a great significance as a means of corporate financing. Through debentures‚ the company is enabled to have the capital without giving any control over their holders. There is a certainty of finance for a specific period and the company can adjust its financial plan accordingly By issuing the debentures‚ the company gets an opportunity to trade on equity. Consequently‚ it results in increasing the return for the equity shareholders. There are certain individuals and institutional
Premium Finance Investment Economics
Business finance is one of the most important aspects of running and maintaining a business. Finances dictate the success or failure of a business. If a business owner does not properly maintain their business finances then they will soon see problems arise. Business finance is something that every business owner must deal with and understand. Part of business finance is setting up proper cash flow. A business owner needs to clearly define their accounts receivable and accounts payable. They need
Premium Debt Economics Accounts receivable