Although a company is run on the will of majority shareholders, it does not mean that majority shareholders can pass resolutions at their own whims and fancies. The law will step in to protect minority shareholders where their rights and interests are affected. Nevertheless, the uppermost question is whether the current laws governing minority shareholder protection in Malaysia are adequate. Equally imperative is also whether minority shareholders play an active role in keeping a check on the way a company is being run i.e. shareholder activism. Discuss and critically examine the above statement. Include in your discussion, the legal position in the United Kingdom, Australia, Singapore, Canada or New Zealand. The comparison should indicate that the country has adopted a more comprehensive approach in protecting minority shareholders. Please provide citations/references.
In: Finance
Write a short essay (minimum 400 words) defining and explaining a key concept in ACCOUNTING MAJOR
In your explanation, you should:
Your Definition Submission should:
In: Accounting
When one thinks of the normal distribution, the first thing that comes to mind is the bell curve and grades. While this is one example of a normal curve that is widely recognized, it is not the only one. Come up with a unique normal distribution from literature that your classmates have not posted about already. Explain your normal curve with items such as the mean and standard deviation. What do the areas in the intervals µ - σ to µ + σ, µ - 2σ to µ + 2σ and µ - 3σ to µ + 3σ represent as far as areas under the normal curve? With the mean and standard deviation, calculate what the actual intervals are for your normal curve. Please include any citations regarding where you obtained the data for your curve.
In: Statistics and Probability
Final Paper – Interpersonal Communication, Managing Conflict, and Listening
We have conflict all around us. Refer to the concepts in Looking Out Looking In (LOLI) and Becoming a Critical Thinker (BCT). For this assignment, you will select a social issue and write a 3-4 page paper in APA format (not including your title or references page) with a focus on Interpersonal Communication, Managing Conflict, and Listening. Additionally, you will provide a minimum of five references to be used as paraphrased text (not quotes) to support your points in your paper (include in-text citations and references for each source). Be sure to evaluate the quality of the source as per the guidelines provided in the Week 3 assignment.
Through your research, did your position on the selected social issue change?
In: Accounting
Body fat has a negative connotation in our society, but fat is actually essential for the proper functioning of the body. Don’t forget your citations. (5pts)
Why do our bodies need fat?
What happens if a person does not have enough body fat?
Is the Body Mass Index (BMI) a good indicator of health, why or why not?
What causes overweight and obesity? (5pts)
Is a function of behavior only (overeating, lack of exercise, etc.) or are biological factors also a cause? (citation expected)
Do you think it is healthy, or even possible, for all people to attain and maintain a thin body according to current societal standards? (no citation expected).
What do you think our societal standards should be? (no citation expected).
In: Biology
Select one of the following questions to answer:
1. Communication. Consider this statement: Leadership is communication. Evaluate this statement, and offer an argument to support it or to refute it.
4. Situational leadership. Consider this statement: Participative leadership involves sharing leadership. Evaluate this statement, and offer an argument to support it or to refute it.
5. LMX. How can the new supervisor in a unit use LMX principles to build power and support quickly? What practical steps should the new supervisor take?
Write correctly, and then formalize your writing by patiently rereading it for efficiency and precision. The minimum length for the main commentary is 250 words. Include in-text citations and a complete reference section at the end of the commentary. Cite at least two peer-reviewed, scholarly sources in correct APA style.
In: Operations Management
Psychological principles are theories and beliefs about major areas of our lives, like cognitions, intelligence, social groups, habit, behavior, and many others. Let’s explore how we identify and utilize psychological principles in daily life. In a 2 page paper, please analyze the following:
How do psychological principles affect the study of the behavior of individuals and groups?
What are the parameters of behavioral deviance and its various therapies?
How do psychological principles affect the study of individual differences?
Last, explain the role of psychology in such areas as industry, complex organizations, law, and education.
This paper should be 2-3 pages in length and use APA formatting (cover page, paper body formatting, citations, and references:
In: Psychology
Inverness Steel Corporation is a producer of flat-rolled carbon,
stainless and electrical steels, and tubular products. The
company's income statement for the 2018 fiscal year reported the
following information ($ in millions):
| Sales | $ | 7,100 | |
| Cost of goods sold | 6,100 | ||
The company's balance sheets for 2018 and 2017 included the
following information ($ in millions):
| 2018 | 2017 | |||||
| Current assets: | ||||||
| Accounts receivable, net | $ | 722 | $ | 622 | ||
| Inventories | 940 | 854 | ||||
The statement of cash flows reported bad debt expense for 2018 of
$6 million. The summary of significant accounting policies included
the following notes ($ in millions):
Accounts Receivable (in part)
The allowance for uncollectible accounts was $8 and $5 at December
31, 2018 and 2017, respectively. All sales are on credit.
Inventories
Inventories are valued at the lower of cost or market. The cost of
the majority of inventories is measured using the last in, first
out (LIFO) method. Other inventories are measured principally at
average cost and consist mostly of foreign inventories and certain
raw materials. If the entire inventory had been valued on an
average cost basis, inventory would have been higher by $570 and
$420 at the end of 2018 and 2017, respectively.
During 2018, 2017, and 2016, liquidation of LIFO layers generated
income of $9, $10, and $28, respectively.
Required:
1. Determine the amount of accounts receivable
Inverness wrote off during 2018. (Enter your answer in
millions.)
2. Calculate the amount of cash collected from
customers during 2018. (Enter your answer in
millions.)
3. Calculate what cost of goods sold would have
been for 2018 if the company had used average cost to value its
entire inventory. (Enter your answer in
millions.)
4. Calculate the receivables turnover ratio, the
inventory turnover ratio, and the gross profit ratio for 2018.
(Round "Receivables turnover ratio" and "Inventory turnover
ratio" answers to 2 decimal places. Round "Gross profit ratio"
answer to nearest percent (i.e., 0.123 needs to be entered as
12%).)
|
In: Accounting
|
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary.
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In: Finance
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
| Balance Sheets as of December 31 | |||
| 2018 | 2017 | ||
| Assets | |||
| Cash and equivalents | $ 15,000 | $ 11,000 | |
| Accounts receivable | 30,000 | 25,000 | |
| Inventories | 28,295 | 23,000 | |
| Total current assets | $ 73,295 | $ 59,000 | |
| Net plant and equipment | 47,000 | 46,000 | |
| Total assets | $120,295 | $105,000 | |
| Liabilities and Equity | |||
| Accounts payable | $ 10,800 | $ 9,500 | |
| Accruals | 7,000 | 5,000 | |
| Notes payable | 6,000 | 5,150 | |
| Total current liabilities | $ 23,800 | $ 19,650 | |
| Long-term bonds | 15,000 | 15,000 | |
| Total liabilities | $ 38,800 | $ 34,650 | |
| Common stock (4,000 shares) | 50,000 | 50,000 | |
| Retained earnings | 31,495 | 20,350 | |
| Common equity | $ 81,495 | $ 70,350 | |
| Total liabilities and equity | $120,295 | $105,000 | |
| Income Statement for Year Ending December 31, 2018 | |
| Sales | $206,000 |
| Operating costs excluding depreciation and amortization | 160,000 |
| EBITDA | $ 46,000 |
| Depreciation & amortization | 6,000 |
| EBIT | $ 40,000 |
| Interest | 2,750 |
| EBT | $ 37,250 |
| Taxes (40%) | 14,900 |
| Net income | $ 22,350 |
| Dividends paid | 11,205 |
Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary.
| 2017 | $ million |
| 2018 | $ million |
| Statement of Stockholders' Equity, 2018 | |||||
| Common Stock | Retained Earnings |
Total Stockholders' Equity |
|||
| Shares | Amount | ||||
| Balances, 12/31/17 | million | $ million | $ million | $ million | |
| 2018 Net Income | million | ||||
| Cash Dividends | million | ||||
| Addition to retained earnings | million | ||||
| Balances, 12/31/18 | million | $ million | $ million | $ million | |
In: Accounting