The Matching Principle: Insights into Earning’s Usefulness to Investors.$ Harm Sch¨tt u Haas School of Business University of California at Berkeley Abstract This paper argues that matching expenses to revenues increases earnings’ usefulness to investors by providing an accounting rate of return (ARR) closer to current economic profitability. To test this‚ I estimate a proxy for a firm’s internal rate of return (IRR) in order to approximate the distortion between ARR and IRR. Results show that
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FINC 5001 Capital Markets and Corporate Finance Tutorial Questions and Solutions Topic 1 – Preliminary concepts Discussion Question 2 The text refers to three types of financial decision – the investment decision‚ the financing decision and the dividend decision. Describe each in detail‚ and explain how these decisions relate to the corporate objective. Categorise each of the following decisions in terms of whether it is an investment‚ financing or dividend decision and explain why it is in that
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Chapter 1: 21st-Century Supply Chains Study Questions 1. Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. Back then‚ the traditional distribution channels typically had an order time of 15-30 days. If something went wrong‚ it would unfortunately increase delivery time. The main goal of the traditional model was to ensure availability of products. 2. What specific role does logistics play in supply
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Chapter 2 Early Civilizations in Mesopotamia Cumulative effects of agriculture + wave of technological changes around 4000 B.C.E. = generated civilizations as a new organizational form The process of agricultural economies = civilizations began in the Middle East. The Sumerians Sumer 1st river valley civilizations Major floods occurred Northeastern section along the Tigris and Euphrates Rivers that lead to the Persian Gulf Rainfall is scant Generated large food surpluses = population
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ENG3U: Informal Essay [North] Americans do not believe in a higher power as they put more emphasis on material goods. First off‚ North Americans do not put enough effort into religion and it’s symbolism as much as they do with regards to material objects and their significance. Also‚ people put more money into materials‚ objects or items‚ rather than donating to their local parish. Furthermore‚ the desire for the American Dream outweighs our need for faith in the lord. Religion’s significance
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Code of Ethics A code of ethics is a set of standards for professional behavior. Ethical codes are guidelines that are designed to set out acceptable behaviors for members of a particular group‚ association‚ or profession (Code of Ethics‚ n.d.). Many organizations govern themselves with a code of ethics‚ especially when they handle sensitive issues such as healthcare. Ultimately‚ a code of ethics serves as the written word declaring how professionals think of themselves‚ individually and collectively
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shootings are brought on by people seeking to die. -Evaluate the moral permissibility of “suicide by cop” -To what extent is a police officer morally obligated to assess whether a person he or she shoots actually wants to be killed? Virtue Ethics Aristotle’s theory of moral virtue categorizes the pursuit of happiness as a process that is achieved by pursuing real goods in a morally correct way. It is a mean between two vices (excess & defect). Our actions are voluntary and the product of
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Ethics Assignment 1. Is whistle blowing violation of positive duty to the employer/organization? Under what conditions an employee can justify such violation? How exactly is the duty of loyalty owed to the employer/organization weighed against the duty to the public and larger society? Whistle blowing may not always result in negative outcomes for the company/organization. It may also be done in order to identify the flaws present in the current organizational structure which allow people to
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Essay 8. Discuss the strengths and weaknesses of deductive‚ inductive and informal reasoning in relation to discovering new information and facts‚ and if there is a need for discovering other ways of thinking in order to gain more knowledge about what we already know. Introduction: The question I have decided to answer is what are the importance between the strength and weaknesses of deductive‚ inductive and informal reasoning? Definitions: Deductive: a form of reasoning from the general
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benefits involved. Most of the information about diversity in the United States that has helped me to better understand or relate to others in ways that I did not in the past was all mostly learned through this class’s material‚ however a great deal of personal experiences have been a huge contributor. Some of what I have learned is how to be more sensitive and less offensive toward others. Diversity can come in many forms: variations of race‚ religion‚ gender‚ sexual orientation‚ customs‚ style‚ and age;
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