A bank cannot grant any loans and advances on the security of its own shares.( Section 20(1) of the Banking Regulation Act, 1949) Advances to bank's Directors : Banks are prohibited from entering into any commitment for granting any loans or advances to or on behalf of any of its directors, or any company/firm in which any of its directors is interested as partner, manager, employee or guarantor (B.R Act (Section 20(1). ‘Loans & advances’ include, among others:- • Purchase of or discount
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Non-Performing Assets (NPA) - Meaning Non-Performing Assets are popularly known as NPA. Commercial Banksassets are of various types. All those assets which generate periodical income are called as Performing Assets (PA). While all those assets which do not generate periodical income are called asNon-Performing Assets (NPA). If the customers do not repay principal amount and interest for a certain period of time then such loans become non-performing assets (NPA). Thus non-performing assets are
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Accounting 150 Fundamentals of Accounting Corporation Study Project (75 points possible) DATES: February 20 – Section I draft due March 27 – Section II draft due April 15 – Section III draft due May 4 – Complete paper is due Objective of the Project Study a company whose stock is traded on the New York Stock Exchange (NYSE) or National Association of Securities Dealers (NASDAQ). Use the company’s public documents and financial statements to learn business information, financial information and investor
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How is the company doing at a particular time? What is happening to other stock prices, that is, how are the competitors doing? How do investors expect the company to perform in the future – Decisions to invest in various projects and the future – Decisions to invest in various projects and the actual performance of these projects Contemporary Engineering Economics, 5th edition. ©2010 A. Why Engineers need to understand the financial statements? Contemporary Engineering Economics, 5th edition. ©2010 Understanding
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1 1.1 CARROT AND BABY CORN - COLD STORAGE Introduction The proposed project details about a cold storage facility to set up for carrots and baby corn. Nantes (variety of carrot) also known as English carrot requires high humidity and low temperature, thus special cold storage is proposed with controlled temperature and humidity conditions. Post harvest losses in the carrots is very high at 40-50 per cent during storage, hence to prevent these heavy losses it is very important to set up a high
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Special Advertising Section 2008 Abu Dhabi Plan 2030 Innovation and Sustainable Development Abu Dhabi is the capital of the seven-member United Arab Emirates and its largest and wealthiest member. It has enormous reserves of oil and natural gas, as well as a pristine and beautiful natural environment encompassing sea, islands, coastline and desert. The Plan Abu Dhabi 2030 details how Abu Dhabi will succeed in managing its growth in a way that is good for business, for residents and for the
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rate, which was used for NPV analysis and to evaluate performance. The firm was split between wanting to change to a risk adjusted hurdle rate and keeping the current policy. The current policy was to use a constant hurdle rate of 9.30% for all projects and that rate was based on the WACC for the corporation as a whole. So this lead me to a series of questions. What is the hurdle rate? How did Teletech apply it? What are the pros and cons of risk adjusted hurdle rates? What are the risked adjusted
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box. ALL answers must be written in the answer book. Answers or notes written on the question paper will not be submitted for marking. Answer the ONE compulsory question in Section A on pages 2 to 5. The question requirements are on page 5, which is detachable for ease of reference. Answer TWO of the four questions in Section B on pages 8 to 15. Maths Tables and Formulae are provided on pages 17 to 21. These pages are detachable for ease of reference. The list of verbs as published in the syllabus
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the examination. It was evident from the marking process that many candidates were ill prepared for the examination. SECTION A – 75 MARKS ANSWER ALL THREE QUESTIONS Question 1 (a) Prepare a statement showing the difference in profits that would be earned by RTY from its RT product for the year commencing 1 April 2012 if it changed to a JIT production system. (10 marks) (b) (i) Calculate the average direct labour cost per batch of the first eight batches. (2 marks) (ii) Calculate the direct
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MONTERO GRAINS and LIVESTOCK, INCORPORATED THE COMPANY MGL was incorporated as a family corporation in 1980 with a paid-up capital of P400,000 in csh. It was organized by Mr. Carlos Montero and his wife's family. The Company was located in Pangasinan. To increase its capital structure, members of management accepted additional investments in the form of fixed assets in exchange for shares of common stock and established a policy of giving priority in employment with the company to anybody who
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