Essays on Banking

A corporation is a legal business entity whose members have limited liabilities. This means that incase of liquidation, the owners only lose the business assets and the employees their jobs but not any private property. They are mainly created by a body of persons or entities that come together and form one business operating unit (Zerk, 109). Corporations are considered as real persons and can be convicted and are also allowed to exercise human rights just like individual human beings.
Picketing is the act of people gathering up in a designated area like in front of a company Continue reading...

Question 1

Round characters;
Anders is a round character in the sense that he acts in a manner that is unexpected at the time when such behavior does put him in a precarious position. This can be seen in the story where at the bank the thieves order everyone to be quiet yet he continues talking even when he is specifically warned by one of the robbers in not to talk. He also acts as if he is in a comfort zone, acts reluctantly while everyone else is tensed. His round character can also be explained in terms of his protagonist Continue reading...

According to the National Bureau of Economic Research, the most prolonged economic recession, which started in 2007 in the United States, has been over since June 2009. Nevertheless, American people are still experiencing its damaging consequences. Ordinary people are far more concerned with their family economics, and are in the midst of a struggle for their well-being. As Barack Obama claimed, for millions of unemployed people, for those who have trouble paying their bills from day to day, recession is still very real.
After the official end of Great Recession, real GDP has increased only by 2.9%, U. Continue reading...

Economics

Economics is a field of study that deals with analyzing the factors involved in the production, distribution and consumption of goods and services. Economics strives to explain how economies of different countries function and the interaction between different agents operating in those economies. Economics as a field of study finds application in different spheres of the society including businesses, governments, health, education, politics and other social institutions. There are two major categories in this field and they include microeconomics and macro economics.

Microeconomics and Macroeconomics

Micro economics is the branch of economics that deals Continue reading...

Question 1
In the mid 19th century, after the Second World War, Jews in the Arab countries faced the gravest ever case of human rights violation. The Arab regimes in the Middle East and northern part of Africa forced Jews to leave their homes or be held like political hostages. The Arabs came up with official statements that completely subordinated the Jews and threatened their civil, political, economic, and human rights. These actions contradicted the International Covenant on Civil and Political Rights. Part II and Article2.1 of the covenant states that “each state party to the present covenant Continue reading...

Principles of finance

Undiversifiable risk is also known as known as systematic risk. This is a risk, which is common to all securities, for example the market risk. However, diversifiable risk is also known as unsystematic or idiosyncratic risk. This is the risk associated with individual assets or certain sector of economy or a specific company. A major lawsuit against one large corporation is a diversifiable risk because its effects will be felt in that corporation only and not the entire economy or market (French, 2003).
A substantial rise in oil prices is an undiversifiable risk because Continue reading...

Social exchange theory is a collective psychological and sociological perspective that defines community change and permanence as away of discussion of relationship between groups. The theory states that all human beings relate to each other mutually where they must benefit from each other. For example when an individual in a relationship feels that he/she is not benefiting as earlier on expected, then the theory foretell that in one way or the other the individual will abandoned the relationship. Theorists further clarified that if the cost and gains are the same then that relationship is biased. The idea of Continue reading...

Finance is a science of managing funds. Finance also involves lending and saving money. Business finance, public finance and personal finance are some of the general areas in finance. There are different fields that finance deals with in relation of money, time, and risk. Mostly it majorly deals with how money is spend and budgeted for. Individual businesses and organizations normally deposit their monies in banks and the banks on the other hand lend money to other individuals or organizations for investment or consumption. Banks normally charges interests on the loans that they give out to individuals or corporations. Continue reading...

1. Capital

It is vital to increase the strengths of banks and hence their abilities to absorb economic stress and financial constrains. The global financial crunch was accelerated with the high vulnerability or susceptibility of the banking system and if this is to be avoided again, strong banking systems need be adopted.
Poor definition of capital, a lack of ability to build common banking system and generally the low quality of capital were the main causes the economic downturn.
With the increase in the capital quality, the banks are in a better position to absorb economic shocks on both Continue reading...

It was never my plan to pay for Graduate School using student’s loan as this would double my loan debt. However, this was not to be. All the plans changed the very day my sister passed on. She left behind a beautiful, three day old baby boy, whose care became my sole responsibility. Considering the great achievements of my sister and the big plans she had for the baby, I never wanted to be a let-down. I had to accomplish the dreams of my sister. The biggest wish she had was to ensure that her son obtained the same level of education as hers. Therefore, it was my duty to ensure that my nephew obtained at least an MBA from one of the top Graduate Schools in the country, like Wharton Graduate School. To achieve all these, I was compelled to have an MBA. This meant that I had to go back to school, even if it was to be through the student’s loan.

My interest in non profit organizations have developed tremendously over the last few years. This perhaps is a direct result of my continued participation in their affairs. I have audited these organizations for the last five years. I have since then developed a dream, and the dream is to establish my own organization that can help young girls from low income families to realize their educational dreams. The program I intend to start would help the 9th and 12th graders to develop the necessary skills and horn their education past the high school level. This program would enable them develop good writing skills, good business attire and prevent early pregnancies.

My life has faced numerous challenges considering that I’m from single parenthood. The achievements my sister and I have made are purely from shear hardwork and determination. It has not been easy, and we could not have got where we are now without the support of some people. Having learned from this lesson, I wish to reciprocate and benefit the whole society at large.

For a long time, I have consulted widely and researched on the contributions of healthcare providers in various healthcare departments. Over the years, my interest of becoming one of these great professionals has grown increasingly. Of particular interest has been dentistry. I have come to realize that through their skills and knowledge, dentists play a critical role in the healthcare of any society. This has made me develop a strong interest of pursuing the dental profession. I believe that my academic background has laid a good foundation for my enrolment for a dental profession – I hold a Bachelors degree Continue reading...

The options are ideal tools for position trading as well risk management. These options give their holders some right to buy and sell their underlying assets at a quoted price on or before the expiration date. A call gives a holder the right to buy an option while a put enables a holder to sell an option. The three major option strategies are as listed below in the various case studies.

Bullish option strategy

The McDonald Company has, in past five years, expected the underlying stock price of their diversified commodities to go upward. For this very reason, the company financial management Continue reading...

Data Analysis

TABLE 1

The above stance collaborates with the fact that Saudi women are well educated, ambitious and determined. In the last 40 years, the Saudi government has built an educational infrastructure that reduced illiteracy rates, especially in women. Because of a favorable environment for entrepreneurship, the possession of advanced education and the presence of still a very limited amount of employment opportunities for women in Saudi Arabia, the interest for entrepreneurship are very high among women.
Furthermore, the analysis is in line with the postulation that much of the wealth in Saudi is under the control of women; women Continue reading...

Introduction

Financial budgets refer to monetary estimates of expenditure that the organization expects to incur in future as it carries out its periodic business operations.
Budgets have proven to be important business tools over the course of time. One of the most important uses of the budget is that it can be used by the management of a business entity to make decisions. Decision making is the most important process in a business entity because it determines the direction of the business after a financial period. Financial periods are marked by losses or profits depending on how the entity has Continue reading...

Macroeconomics 2301

18.04.2014

HCC

Spring 2014
8 week course
The world’s economy has faced several periods of crisis during the last twenty years. The financial crisis in 2008 is the one that is most recent. It emerged in the United States and then spread to Europe, later affecting the rest of the world. The most problematic sector in the US was the mortgage sector, and was one of the main causes leading to the financial crisis. The house prices have been rising from 1998 to 2006, prompting home builders to construct more new houses every year, but these injections helped rising Continue reading...

I have always been interested in selecting a career path that covers my educational needs and that, which provides me with proper skills to handle my job. The traditional bachelor’s degree programs as well as the Bachelor of Applied Arts and Science Degree requires fair amount of formal college level academic proficiency in different basic areas such as political science, English, philosophy, history, sociology, and the natural sciences such as chemistry, math, biology, and physics. However, despite these similarities, the Bachelor of Applied Arts and Science (BAAS) is more of a vocational degree, which provides the learners with Continue reading...

Industry Report: Banking

Introduction
When it comes to an industry, then there are number of things which have been taken into account for the same. The essence of effectiveness and productivity always been associated with an industry and the stance of effectiveness depends upon certain factors. There are number of industries working in the world and all of the industries have their own significance and importance lies in a broad nutshell. There are certain aspects which have to be taken into consideration by an organization or by an industry in order to become competitive and eminent in a certain industry.
Financial Productivity Continue reading...

Kwame Kilpatrick former Detroit Mayor Case

Kwame M. Kilpatrick who was the former mayor of Detroit was sentenced for 28 years in jail for being involved in a corruption scandal. The defense should not apply to either reduce Kwame’s sentence or exonerate him. Kwame had greatly embezzled the city’s funds not only during his time as the mayor but also when he was a state legislator (Spence, 2011). His corrupt actions warranted him to get the harshest sentence possible given that he was a public official. Although the defense requested that he should receive a term that is not more than 15 years, Continue reading...

Thesis topic

‘Instructor’s Name’
‘Subject’
Will Governor Brown’s Local Control Funding Formula improve the ability of districts to meet student needs compared to the former system?

Brief Background and Aims of the Research

The current education system in California lacks transparency and is extremely complicated. All the participants, be it policymakers or parents, struggle to comprehend the current system, which offers different pupil per rate across various districts. There were many allegations that affluent schools ended up getting more per pupil rate than the other schools. To negate this inequity in the distribution of federal funds, Governor Brown in the year 2013-14 introduced the Local Control Continue reading...

Misallocation of funds

The Make a Way Foundation was founded with the aim of fighting poverty and hunger that involved communities with hope and self-reliance. The foundation had planned for a children’s summer expense project but in the process of goal realization for this fiscal year, it has been realized that there is a misallocation of funds that can be attributed to the following reasons.
Some officials who do the scoring for the awarding of the funds fail to follow the right criteria in many cases. So some applicants were unequally treated and in times were awarded more or fewer dollars Continue reading...

Economics

The European countries are facing lower growth rates, just as they faced in history. The austerity measures have brought pain to the euro zone, and these measures provided no relief. The euro zone countries are reducing their spending by the double digits. Such reduction is increasing unemployment in Europe. The eurozone countries are trying to find the possible ways that are suitable for countries that are stagnant economically for the prosperity of the countries. In order to achieve the better growth for the economies, the countries are adopting austerity. Austerity is the intentional deflation of the domestic prices and Continue reading...

Introduction

A negotiable instrument is a document that guarantees payment to a specific person. The instrument must name the payee or otherwise indicate his identity. A negotiable instrument is transferable and in essence, it is a signed document with a promise to pay the holder of the document a given fixed amount of money at a specified date or on demand. Upon the transfer of the instrument, the legal title of the instrument is passed to the owner.

Promise and negotiable instruments

A negotiable instrument is a document used in contracts, and which guarantees the payment of a given sum of money unconditionally on Continue reading...

The use of bitcoins

Bitcoin is a form of currency that was created in 2009, and which is not issued by any central bank. The transactions that are made using this currency do not have middle men which imply that there is no use of banks. Bitcoin transactions do not have transaction fees, and a user does not need to provide real names. There is no physical bitcoin, but rather computers are used to create them. All those computers that create them form a network that serves to confirm the transactions that are made with bitcoins, without the help of MasterCard, Visa, or Continue reading...

Thesis

The global financial crisis was a period during which downturns were experienced in the stock markets, economic activities as well as losses in the housing market all over the world. During this period, banks had to be bailed out by national governments and consumer wealth declined significantly. The result was a major recession between 2008 and 2009 .
This paper looks at the global financial crisis in the world, its effect in the US and measures taken by the US to manage it. This financial crisis was experienced in the world in the late 2000’s and the US was Continue reading...

Mayhew; Congress: The Electoral Connection. 1974

What does Mayhew assume is the number one goal of Members of Congress (MCs)?
According to Mayhew, members of the congress of the United States of America are primarily motivated by their behavior to seek reelection. The pursuit of reelection greatly affects the way the make decisions and formulate public policy. Mayhew links the motivation of members of the congress to institutional and political structure and it has widespread applicability in the legislative world. Pursuit of reelection hinders the performance of the members of the congress. They seek to influence federal spending in their areas of jurisdiction, and Continue reading...

The role of policy makers in any economy is to regulate macroeconomic activities with the main goal of maintaining economic stability. The goal of the policy maker is to maintain stability, which is significant in promoting economic growth and social welfare of the citizens. The policy makers have implemented various policies to stimulate the economy since the financial crisis when government suffered a critical national debt. They are also trying to implement a reliable strategy for balancing the government’s budget in the long- run to solve macroeconomic problems. Therefore, implementing long-term fiscal sustainability is vital for today’s Continue reading...

[Professor’s name appears here]
[Date appears here]

Abstract
Luxor Temple in Egypt rose into prominence as the abode of various royal Egyptian dynasties. The kings honored the so-called god Amon. It became the main city of the kingdom. The Temple was managed by high military priests.
This research report summarizes the key events and historical background of Luxor Temple. It also sheds light on the building, the civilization and the culture prevalent in that period as well as the built environment. Moreover, it gives a comparison with the modern city of Luxor.

Luxor Temple in Egypt: An Introduction

The Luxor Temple was mainly constructed Continue reading...

Government spending refers to the money and resources that the government uses to cater for basic but essential national goods and services. Ideally, government spending can either be investment or consumption oriented. They include defense, education, health and infrastructure among other services. In the United States, there has been a gradual development in the rate at which government spending has been carried out since1960 (Siu par 8). First, education has taken a rising pace through which government spends to facilitate the development of education. Ideally, the proportion of the GDP was rated to be apportioned by 0.20% that has Continue reading...

General description

Mali as a country started its fight against independence in the 1930s. Political opposition did not initially emanate from political parties rather they came from individual that had organized themselves into a number of voluntary organizations (Velton 13). These voluntary organizations compromised of cultural and sporting associations where most educated individual would meet under the French approval. Political parties were formed in the 1940s where the struggle for independence from the French continued. In June 20, 1960, Mali gained its independence from France.
Mali covers an area of 478, 640 square miles. It has a population of about 11, Continue reading...

Internal control practices are the activities that enable a company to maintain an environment that is solely focused on accountability and ethics. These are systems that are put in place to safeguard the resources of the business. By putting in place these practices department benefits in the following ways; one of the benefits is that the internal controls provide checks and balances on the usage of resources. They also ensure that the areas of priority in an organization are identified as well as addressed. Another benefit of putting in place internal controls is that it allows the company to Continue reading...

Institutiona Affiliation

Healthcare dilemma:
Among the challenges experienced in healthcare service is the provision of the health services under the limited the funds. There have been many strenuous efforts to remedy the problems, but the business problem has always been a major problem. Financial problems have led to many dilemmas to the service providers the hospital, the service production and also the service delivery to the patients. On the other hand, the issues of inflation, whether it is not even higher, it is a tremendous challenge to the health providers. (Katherine 2005, p. 35) There has been this dilemma in the Continue reading...

These items were carefully chosen so they could fall within the allocated budget. I considered product quality since the hotel management needs products that can withstand heavy use. The items will be sourced from various retailers in Australia and no item will be imported because of the high costs involved in importation. This analysis requires the approval of the General Manager and Financial Controller. I secured at least three quotes for each item and made a comparison although I only had to list one.
My target was to use at least 50% of the total budget allocated, so as Continue reading...

Executive Summary

Banks such as UK bank get the money that they lend from the deposits. The level of lending is usually dependent on the demand of the funds by the public and on the economic level of the state. When the demand for money is high, UK bank will have to check on the level of money that is circulation before it decides on how much to lend out (Sessa, 2011). It is done to reduce chances of having excess money supply into the economy that may result to the inflation. The bank can use various ways to ensure that Continue reading...

Introduction

Analytically, Softwood Ltd has been experiencing growth in the recent years thanks to its large client base. In its effort to expand, the business should make sound financial decisions to avoid a possible decline of its current position.

In their endeavor to expand, Softwood Ltd has various sources of finance to rely.

1. Internal sources
Internal sources encompass all sources of finances within the company. These could be retained profits, proceeds from sale of furniture of the company’s property and personal savings by the owners of the venture (Dlabay, 2008).Examples of internal sources are;
- Retained profits
- Tighter credit control
- Reduce inventories
- Delay paying trade payables
2. External Continue reading...

Lehman Brothers Holdings Inc. was ranked as the fourth largest bank in the US before it declared bankruptcy in 2008. The company was dealing in investment banking, equity and fixed income-income sales and trading, research, investment management, private equity, and private banking. A significant number of clients withdrew their accounts from Lehman Brothers and the share price of the stocks fell at an exponential rate. Consequently, on September 15, 2008 the company filed for bankruptcy under Chapter 11. Lehman Brothers played a major role in the recession of the late 2000’s which drastically affected the entire country. The Continue reading...

Golf Corporation

Liquidity Ratios:
Current Ratio for the year 2012 = Current Assets / Current Liabilities
Current Ratio for the year 2012 = 2,000 / 2,000
Current Ratio for the year 2012 = 1
Current Ratio for the year 2013 = Current Assets / Current Liabilities
Current Ratio for the year 2013 = 3,000 / 4,000
Current Ratio for the year 2013 = 0.75
Quick Ratio for the year 2012 = Current Assets – Inventory – Prepayments / Current Liabilities
Quick Ratio for the year 2012 = 2,000 - 500/ 2,000
Quick Ratio for the year 2012 = 0.75
Quick Ratio for the year 2013 = Current Continue reading...

Summary

The global economic crisis that happened between the year 2000 and 2010 was largely due to the issue of mortgage securitization. Mortgage securitization emanated from firms developing new securities from the mortgage obtained by buyers and developing business with investors from these new securities. The development of mortgage securities begins with the buyer of a homeowner paying cash to secure ownership of the house. To obtain the cash, the buyer secures a mortgage using a mortgage broker who secures the mortgage from a securitizing firm. The securitizing firm then creates new securities, which it sells to potential investors. The Continue reading...

• Assuming a constant rate for purchases, production, and sales throughout the year, what are Casa de Diseño exists operating cycle (OC), cash conversion cycle (CCC), and resource investment need?

The existing Disenos’ operating cycle (OC)    

  =average collection period + average age of inventory = (75+ 110) days = 185 days Existing Cash Conversion Cycle (CCC) 
= OC - average payment period = (185 – 30) days = 155 days Resources needed    
=cost of operating cycle investment ×CCC365= ($ 26,500,000 ×155)/365= $11,253,425
• If Leal can optimize Casa de Diseño’s operations according to industry standards, what will the company’s operating cycle (OC), cash conversion cycle (CCC), Continue reading...

The State of Texas has a regressive tax system. Lower income households see higher effective tax rates than households with higher incomes. The state does not have income taxes levied on individuals as a source of revenue. The significant sources of revenue in the State of Texas include sales taxes which accounts for an estimated 50% of the total taxes (House Research Organization 1). The state also gets revenue from the Federal Government which funds programs in healthcare, transport and education, this is done inform of outright grants or matching funds. The state of Texas gets non-tax revenue from Continue reading...

There have been a lot of crises throughout the history: South Sea Bubble (1720), Cuban missile crisis in 1960s, OPEC oil price shock in 1990s, Asian financial crisis of 1997, Economic crisis in Mexico (1994) and many others.
However, the financial crisis of the 2007-2008 is said to be the worst crisis since the Great Depression of the 1930s. First victims were the countries, which are the biggest financial centers in the world. Later, in a year or half, the rest of the developing countries started to suffer from the financial crisis that became global.
The term of the Continue reading...