Corporate finance

million, it is estimated that 63% of Kenya’s population participate directly or indirectly in co-operative based enterprises (CIC Kenya).A number of studies have provided the discipline with insights into the practice of credit management within corporate institutions. Owusu (2008) on credit practices in rural banks in Ghana found out that the appraisal of credit applications did not adequately assess the inherent credit risk to guide the taking of appropriate decisions. In his recommendations…

The issues are whether there is an exception regarding to the majority rule and proper plaintiff rule in Foss v Harbottle? In the cases of Foss v Harbottle provides two types of rule which is “majority rule” and “proper plaintiff rule”. “Majority rule” is the majority shareholder decisions and choices over the minority shareholders. The majority votes from the shareholder within the company are ¾ of voting rights which is 75 %. The greater the majority rights and power of shareholder over the…

Rite Aid Corporation’s debt also includes 9.375% senior notes. The face value of these notes is $410,000. The current carrying value is $405,951. Carrying value or book value is the face value plus any premiums or minus any discounts. Thus, the difference between the face value and carrying value for these notes is due to an unamortized discount of $4,049. The cash interest payment on these notes during fiscal 2009 equals $38,438, and this number can be calculated by taking the face value of…

individual retirement portfolio. Enterprises and enterprises become noticeable when they access the stock market with the intention of raising capital for strategic and operational purposes. Stock markets trends have an influence on consumer and corporate willingness to invest thereby controlling United States economy (Arbogast, 2013). By facilitating, trades between companies, consumers and other companies. The stock market provides a platform for growing companies to raise capital at s lower…

disadvantages of common stocks? Common stocks are shares entitling their holder to dividends that vary in amount and may even be missed. Advantages would be finding out what you could gain and disadvantages would be losing things. 4. What are corporate bonds? A corporate bond is a bond issued by a corporation in order to raise financing…

firms in composite: * Diageo’s interest coverage (5.0) is lower than all segments’ average industry figure. Allied Domecq, Coca Cola, Gillette, McDonalds, Kellogg have a 2 to 3 times higher interest coverage. It is less risky for the lenders to finance those companies. * Diageo’s book gearing (59%) is slightly lower than average spirits’ segment figure, higher than the average book gearing of competitors in beer and beverage industry, lower than package food and fast food industry…

The Roles of a Financial Manager are many but their primary goal is to warrant growth of the proprietor’s wealth and to ensure maximum profit of the company. When a financial manager achieves his or her personal goals of a company, they too will be achieved, (Moyer, et al, 2008). The decisions a financial managers makes are capital structure, working capital management and capital budgeting. A financial Manger has to decide on the type of projects that the company should undertake (Siegel &…

Competition Bikes, Inc. Competition Bikes, Inc. makes bicycles for professional and other highly accomplished riders who compete in bike races, biathlons, and triathlons. Sixty percent of all race winners have been victorious using a Competition Bikes, Inc. bicycle when at least ten percent of the entrants were also using a Competition Bikes, Inc. bicycle. This extraordinary success rate consistently is a topic of conversation among racers and this word of mouth advertising has been effective…

Pricing Comparing Japan’s purchasing power with the United States, Sherwin Williams will use the Big Mac Index. As of July 2017, the price of purchasing one Big Mac in Japan is 380.00 JPY or in US dollars, 3.36 USD. The average price for one Big Mac is 5.30 USD in the US. The price of Emerald paints can range from 80 USD to 90 USD in the US. Thus, the retail price of such brand of paint will be priced at 50.71 USD to 57.05 USD in Japan. In Japanese yen, the price will be converted as 5685.15…

Chapter 2: Empirical Research The two cases that will be used in the empirical research, Bubble Post and Blue Gate Antwerp will be analyzed under the following categories:  Background  Characteristics and Operation  Vehicles  Financial Profile  Social benefits and  Concluding remarks. 2.1 BUBBLE POST As aforementioned material that will be used to analyze Bubble Post are from answers to questionnaire attached in the annex of this document and the following links: [1]…