International Finance SMM475 Maik Schmeling 2014 Maik Schmeling International Finance (MSc) 1 / 268 How to reach me Contact details: e-Mail: Office: Office hours: Maik.Schmeling.1@city.ac.uk 5055 Tuesday‚ 10.00 – 11.30 If you have questions regarding the content of the course you can always send me an e-mail (and expect a quick answer) or come to my office hours. Maik Schmeling International Finance (MSc) 2 / 268 Readings As a general rule‚ the slides contain
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FINANCE: TUTORIAL 2 (Suggested Solutions) 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they can more safely meet short-term creditor demands. However‚ liquidity also has an opportunity cost. Firms generally reap higher returns by investing in illiquid‚ productive assets. It’s up to the firm’s financial management staff to find a reasonable compromise between these opposing
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CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
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WP/07/227 Public Financial Institutions in Developed Countries—Organization and Oversight Lev Ratnovski and Aditya Narain © 2006 International Monetary Fund WP/07/227 IMF Working Paper Monetary and Capital Markets Department Public Financial Institutions in Developed Countries—Organization and Oversight Prepared by Lev Ratnovski and Aditya Narain Authorized for distribution by David Marston September 2007 Abstract This Working Paper should not be reported as representing the views
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paper will discuss the Myers-Briggs Type Indicator (MBTI)‚ my very own four-letter personality type‚ which includes‚ introversion‚ intuition‚ feeling‚ and judging‚ my two-letter temperament‚ which is‚ NF‚ how my personality trait coincides with organizational behavior and how my personality type strengthens and weakens me as an employee and co-worker. The Myers-Briggs Type Indicator was first developed by Katherine Cook Briggs and her daughter Isabel Briggs Myers. These two ladies
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Journal of Banking & Finance 22 (1998) 371±403 Corporate governance and board eectiveness Kose John a‚ Lemma W. Senbet a b 1 b‚* Stern School of Business‚ New York University‚ New York‚ NY 10012‚ USA Department of Finance‚ College of Business‚ University of Maryland‚ Tydings Hall‚ College Park‚ MD 20742‚ USA Abstract This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internal mechanisms of corporate governance (e.g.
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An Open Educational Resource Provided by Victoria University “Marketing: Meeting or Creating Needs?” Developed by Dr Maxwell Winchester Senior Lecturer‚ Victoria University‚ Melbourne Australia Introduction Marketing has often been defined by marketing academics and practitioners in terms of satisfying customers’ needs and wants (e.g.‚ Kotler‚ Burton‚ Deans‚ Brown
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1. Why has the stock price fallen despite the fact that net income has increased over the periods under review? The stock price has fallen because the shareholders were worried about increasing debts and liabilities‚ that adding two manufacturing factories created and because of how much excesses inventory was created. Both of these changes would result in interest change of 44‚000 to 155‚000 that the company would have to pay‚ that impact on the company’s future earnings hurts the company’s image
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Oil prices continue lower after EIA supply data Stories You Might Like • Stock futures rise as jobs data supports Fed • The IBM earnings machine is stalling • 11 car insurance discounts worth asking for By Myra P. Saefong SAN FRANCISCO (MarketWatch) - Oil futures continued to trade lower Wednesday‚ though pared some losses briefly after the U.S. Energy Information Administration reported a fall of 1.4 million barrels in crude stockpiles for the week ended Aug. 16. Analysts polled by Platts
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Continuing Case: Cory and Tisha Dumont Part 3: Protecting yourself with insurance 1. Using the earnings multiple approach would result in the following life insurance calculations for Cory and Tisha. Cory’s needs = $38‚000 x (1 – 0.22) x 12.46 = $369‚314 Tisha’s needs = $46‚000 x (1 – 0.22) x 12.46 = $447‚065 Cory currently has $76‚000 (2 x $38‚000) of term life insurance through his employer. Consequently‚ Cory should consider purchasing approximately $293‚000 of additional life
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