Public finance

philanthropist and industrialist HK Firodia, who was known as the doyen of Indian automobile industry. The company was incorporated as a private limited company on 8th October 1975 and commenced production in the same year. It was transformed into a public limited company on 1st October1975. The Company started manufacturing Luna mopeds and business in leasing and hire purchase financing in 1977. The technical know-how for the manufacture of engine and gear box including drawing material…

The advantages of Globalization of finance are the reduction of financial risk, improve the allocation of capitals, and reduce borrowing cost. Every business small or large has some form of a financial risk. The reduction of financial risk may require a business to plan for potential risk and existing risk. A company needs to plan ahead for future difficulties seen or unforeseen. Improving the allocation of capitals is one of the most important decisions associated with a company’s success and…

As the need for relevant information regarding a company’s financial position continues to escalate and business analysis becomes more complex, the requirement for organizations to produce both timely and accurate data is essential (Subramanyam, 2014). More specifically, analysts, investors, and creditors alike rely on figures from statements such as balance sheets, income statements, and statement of cash flows in an attempt to conduct both accounting and financial analysis (Subramanyam, 2014).…

The board would divide themselves and organize into smaller groups that each focus on one particular area of public opinion. The board would be encouraged to use focus groups, surveys and personal interviews to find out how the surrounding communities and employees view the organization and view the expansion. Chait, Ryan, and Taylor discuss the need for input…

concepts of financial literacy. Financial literacy means the possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving, tax planning and retirement. It also involves intimate knowledge of financial concepts like compound interest, financial…

If the compensated elasticity of supply of labor is zero, then a tax on labor earnings will have zero excess burden. 16. Lump-sum taxes do not prevent prices from equaling the marginal social cost and benefit of any goods and services. 17. Lump-sum taxes can vary in amount based on income level. 18. A lump-sum tax can distort prices and affect consumption behavior. Multiple Choice Questions 1. A lump-sum tax: a. distorts market prices so that they do not simultaneously equal…

in the local markets of other nations when conditions in said local markets are adjusted in a way that favors foreign firms. The authors state, “In the 1990s, because deregulation had been insufficient to invigorate the rather conservative British finance houses, these firms were taken over, largely by foreign, mainly US-based financial mega-players – this led to large number of very high salaries and to the increased internationalization of the workers in these firms, which now make up about a…

Efficient Capital Markets Efficient Capital Market is basically the market where the prices of the shares indicate correct information about the stock and at the same time as well. This market efficiency can be judged by the information incorporated into it, which pertains to the value of the securities, which gives a strong indication of the price of the securities. The primary value of the stock refers to the cash flows that may be expected by a person who is the owner of the particular stock.…

This analysis is based on the following facts: The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five years from their 30-year maturity date, or a combination of both. First, we need to know what 1,000 shares of Wal-Mart stock is currently worth. 1,000 shares of Wal-Mart are currently worth approximately; $74…

be paid off by the bank. The dishonesty of Figueroa was shown when he used his influence in the bank to award credit card vouchers to his friends, including the $2 million to Colonel Pepe Goico (Latinnews, 2018). Whereas such funds were meant to finance presidential trips for Goico, it was revealed that the money was instead used to make personal purchases including helicopters, as well as luxury housing and jewelry. This irrational issuance of funds to friends strained the bank, and by this,…