Bribes are higher when government institutions are weak and there is lower newspaper circulation. Do you believe ethical standards may vary depending upon the situation? In other words, is it okay to be unethical in order to win business, enter a new market, get a promotion, avoid criticism from ones boss, etc. or, is an unethical act unethical no matter what the circumstances? Explain…
The definition of citizenship is, “the status of being a citizen, along with the rights, duties and privileges of being a citizen”. In the United States, one of these duties is to participate in the political process. This includes, voting, holding office, and influencing government. Today I am asking you—no, I am imploring you—to participate in the political process in a specific way. First, a little background. By law, an Illinois budget for the fiscal year 2016 should have been passed no…
The Major Accounting Conventions Accounting conventions are standards or guidelines which regard the application of accounting rules. These rules have evolved over time in an attempt to deal with practical problems that are experienced by users of financial statements. The main accounting conventions that will discussed here are the materiality convention, prudence convention among several others. Prudence The prudence convention states that caution should be exercised when making professional…
HealthSouth’s governance had many major flaws in their governance. The ones that stood out to me were, first, they lacked a strong ethical environment. Employees either lacked the courage to report financial manipulation or they lacked ethical awareness. This culture allowed HealthSouth’s CEO Richard Scrushy to do as he chose without any opposition. Second HealthSouth’s accountants did not fully understand their professional duty and could not convince the CEO that what they were doing was wrong…
Financial Insolubility Given the current obligations and aging demographic, privatizing Social Security would do nothing to solve its impending insolvency, and would actually make it worse. The SSA stated in 2016, “The projected cost of Social Security increases faster than projected income through 2038 primarily because the ratio of workers paying taxes to beneficiaries receiving benefits will decline as the baby-boom generation ages and is replaced at working ages with subsequent lower…
see how much money you have to invest. What were your results? Inheriting $10,000_____________________________________________________ Step 2) Fill out investing chart. These websites can help you msn.money, Yahoo Finance, Bankrate, investopedia, Market Watch Getting started. Type of Investment Description—explain what it is and how it works. Level of Risk and Potential Return—explain. (How likely are you to lose your money vs make money) Real-life example of this investment (name or company)…
My passion for economics begun during my eighth grade year. Being a kid who had no financial obligations, I saved up every dollar I received for a few years and had amassed a decent sum of money. My dad suggested that I invest monies in short-term stock options to build up more money, so I agreed to give him five-hundred dollars. My dad controlled the brokerage account, but we worked together in finding wise investments. Even though I did not have control of the account, there was never an…
Product description for RCM Canadian One Kilo Gold Bar One the heavier gold bars produced by the famous Royal Canadian Mint, this 1-kilo Gold bar is ideal for those who wish to convert substantial amounts of liquid cash into commodities that appreciate in value over time. The Royal Canadian Mint is an official Mint of Canada and its shares are held in trust for the Queen in right of Canada. It is responsible for the production of all coin based legal tender in Canada as well as the production…
calculations result in a -15% value, which indicates that the investment would be unacceptable. Because of the calculations’ high NPV, Home Depot expects the investment to create value for its shareholders despite the prevailing risks, such as, strong market competition and an ability to respond to consumer trends (Home Depot, 2015). On the other hand, the use of the IRR approach on Home Depot’s data presents a challenge because the cash flow data contains several reported negative and positive…
Investment Strategy Diversify two stocks per industry to dampen effects of industry specific crashes, while still maintaining a substantial amount of capital within each market to benefit from industry specific rises. Our investment strategy would focus solely on capital growth, as such, the three industries would be the Financial, Telecom Services, and Utilities sector as they are currently the top performing sectors with around +60% companies up 0% - 2%. TELECOM SERVICES 1. Fusion…