helps to maximize the owner’s economic welfare. Financial management Concerns the acquisition‚ financing‚ and management of assets with some overall goal in mind. Assets that can no longer be economically justified may need to be reduced‚ eliminated‚ or replaced. It requires the existence of some objective or goal‚ because judgment as to whether or not a financial decision is efficient must be made in light of some standard. Although various objectives are possible‚ we assume that the goal of the firm
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FINAL WEALTH TAX Accepting the recommendations of N. Kaldor to introduce “integrated direct tax system” in India‚ Wealth Tax Act‚ 1957 was enacted. The Act was amended from time to time. The major objective of wealth tax has been attainment of equity objective of tax policy because wealth is considered as the major source of inequalities. The wealth taxation in India is applicable to all citizens of the country and is also called the wealth tax act‚ 1957. This is also considered to be direct
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Primary school children should not be given homework Should children have homework in a primary school? It’s not a question for me. Of course they should. My strong opinion is based on my life experience and my observations. I observed children in school for years and may say that there is apparent difference between children who are doing their homework and children who have nothing to do after school. First of all‚ children should have homework because it helps to strengthen their knowledge
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maximisation of shareholder wealth”. This essay will examine how finance managers in day to day practice can participate in the aid of increasing maximum shareholder wealth. The focus point of this is based on the financial managers themselves‚ how they can manipulate and change things in order to increase shareholder wealth using certain tools and methods of analysis. Shareholders are deemed as the owners of the business. Their main aim is to increase their wealth‚ finance managers are employed
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SOLUTIONS TO EXERCISES EXERCISE 4-1 BRISCOE COMPANY Worksheet For the Month Ended June 30‚ 2008 Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 2‚320 2‚320 2‚320 Accounts Receivable 2‚440 2‚440 2‚440 Supplies 1‚880 1‚580 300 300 Accounts Payable 1‚120 1‚120 1‚120 Unearned Revenue 240 140 100 100 Common Stock 3‚600 3‚600 3‚600 Service Revenue 2‚400 140 2‚540 2‚540 Salaries Expense 560 280 840 840
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Blog www.dcielts.com Some people think that only staff who worked in a company for a long time should be promoted to a higher position. What’s your opinion? One of the reasons why companies choose to promote some staff is seniority. While length of service is undoubtedly an important factor‚ my belief is it should certainly not be the only criterion for deciding who should be promoted. Rather it would be better for companies to have a more varied policy in this area. There are without question
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INTRODUCTION TO THE TOPIC: Primary research is any type of research that we go out and collect ourselves. Examples include surveys‚ interviews and observations. In other words information that has been collected at first hand is called primary research. It involves measurement of some sort‚ whether by taking readings off instruments‚ sketching‚ counting‚ or conducting interviews. Conducting primary research is a useful skill to acquire as it can greatly supplement our research in secondary
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my opinion‚ is more valuable than wealth which is only the aftermath of the former. Men by nature are acquisitive. They all hope to have a pleasant andcomfortable life. They spend the whole of their lives keeping up with theirneighbors. Tom buys a new color television; his neighbor Peter is bound to buy a bigger and better one. Most of people want to possess all things either with their own money or with money borrowed from credit banksor insurance companies at a suitable rate of interest.
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I could write a book about work‚ and it would be a long one; but my experience with wealth has been limited and secondhand. I am using the term work to refer to livelihood‚ or a person’s general daily occupation. Work doesn’t necessarily get repaid in dollars. The famous naturalist Louis Agassiz is reported to have stated "I cannot afford to waste my time making money." Of course‚ in our complex commercial society‚ most people equate their job with work. In this situation‚ after retirement a person’s
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speculation has arisen as to whether someone could ever amount so much wealth without under minding society. Gates has appeared in court several times in the recent years because of this assumption‚ as government and society have tried to strip Gates of his personal property and rights. Should there be limits on the amount of wealth one person can accumulate and can such wealth come through moral means? This paper will discuss why there should be limits placed on property rights in order to fulfill certain
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