image

Dolla going Ultra Microfinancier launches new business geared towards wealthy   DOLLA Financial Services Limited will be launching its newest subsidiary, Ultra Financier Limited, on November 1 to be led by CEO David Henriques. The company was incorporated on August 3, according to the Companies Office of Jamaica records, but only received approval for its formation by its board of directors recently. The subsidiary will be injected with $350 million from Dolla's upsized $1.5-billion secured corporate notes (bond). Dolla is the sole shareholder with 1 million ordinary shares, with Dolla Chairman Ryan-Kwesi Reid, Dolla CEO Kadeen Mairs, Dolla Chief Financial Officer Trevene McKenzie, First Rock Private Equity (FRPE) Managing Director Christopher Yeung and Henriques as directors. "Ultra is going to be lending to high net worth (HNW) individuals. We'll lend between $1 million to $100 million per person and we take luxury assets, prime investments, and properties as collateral. A person can…

Contrary to conventional wisdom, banking can be both fair and profitable-in fact, fairness can be a source of competitive advantage. The evidence for this claim comes from a segment of the financial services industry seldom associated with fairness: consumer credit. The reputation of this business-which encompasses credit cards, personal loans, payday advances, and so on-is so questionable that any claims of "fairness" are viewed by customers with extreme scepticism. But TeamBank, a subsidiary of the German Kolkskanken Raitteisenkanken banking group, has successfully developed a brand that transforms the fuzzy concept of fairness into a visible and credible set of product characteristics and operating processes. Overhauling its central offering, easxGredit, involved significant organizational change and the strength of mind to reject profitable products and features inconsistent with the company's core value: "We are an honourable merchant." Product developments included offering a…

At a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline.  REQUIRED:  Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.

Governance Risk and Compliance   1. One major problem that led to the financial crisis of 2007/2008 was that there was no articulation of risk appetite or identification of those responsible when risks were incurred. Discuss the risk appetite of banks and explain how four groups (debt holders, shareholders, regulators and governments) impact differently on the determination by the Board of Directors of a bank of the appropriate risk appetite.    2. Define the concept “Governance, Risk Management and Compliance” (GRC) and discuss the benefits of this approach to companies

Read the Wall Street Journal article, "Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis." This lawsuit is a great example of "shareholder activism." Boeing's shareholders took action when they felt the management failed to maximize their long-term value, and the board of directors failed to fulfill its fiduciary obligation to protect the interests of the shareholders. Respond to the following questions based on theories and concepts in Chapter 9. Q3-1. What are the role and duties of the broad of directors in corporate governance? Assuming Boeing shareholders' complaints are true in this lawsuit, in what ways did Boeing's board fail to fulfill its fiduciary duties to the shareholders? Q3-2. Assuming the shareholders' complaints are true, what are some likely reasons that Boeing's board failed to effectively fulfill its duties? Q3-3. We learned in Chapter 9 the importance of making sure the management acts in the best interests of shareholders. After reading the…

View Policies Show Attempt History Current Attempt in Progress Sheridan Company sold $2,400,000, 7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022 and pay interes annually on January 1. Sheridan Company uses the straight-line method to amortize bond premium or discount. (a) (b) ง Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds are sold at 99. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 1, 2022 Cash Discount on Bonds Payable Bonds Payable Dec. 31, 2022 Interest Expense eTextbook and Media Discount on Bonds Payable Interest Payable Debit 2,367,000 165,600 2,400 Cre

Choose the correct answer; Amazon, the retail giant headquartered in the U.S, has faced severe criticisms from various parts of the society including the politicians in the U.S for its cut throat capitalist policies to aggregate the wealth of the company. The executives of the company are always focused on the investor’s benefits and their preferences. Which of the following classification of CSR is evident from the above statements?   a.Responsibility towards the customers   b.Responsibility towards the shareholders   c.Responsibility towards the Employees   d.Responsibility towards the environment

Provide provide correct answer accounting..

B. Demonstrate how the credit risk management issue(s) in the Washington Mutual case can be resolved through the application of a risk management model

3. The practice of corporate social responsibility necessitates writing contracts between donors and their recipients. * O TRUE O FALSE

On March 16, 2022, the Federal Reserve released a statement that included, " the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent". How can the Federal Reserve attempt to reach this target? Select all that apply   A. The Fed makes an open market purchase of bonds.   B. The Federal Reserve instructs Congress to pass legislation setting the interest rate banks can charge one another for short term loans.   C. The Federal Reserve opens more branches. The increased competition raises the interest rate.   D. The Federal Reserve increases the money supply.   E. The Fed lowers reserve requirements   F. The Federal Reserve sells bonds in the open market.   G. The Fed lowers the discount rate.

Advise Donald of any possible actions that can be taken against Republic Live Bank and Mr Big

Describe the company's objectives for writing a default letter for student loan payement.

help asap

What is the Marketing Strategy of Tesla?

Providing for doubtful accounts At the end of the current year, the accounts receivable account has a debit balance of $918,000 and sales for the year total $10,400,000. a. The allowance account before adjustment has a debit balance of $12,400. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a debit balance of $12,400. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $39,700. c. The allowance account before adjustment has a credit balance of $9,300. Bad debt expense is estimated at 1/2 of 1% of sales. d. The allowance account before adjustment has a credit balance of $9,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $77,200. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. b. C. d. $ S

If Facebook needed early stage financing they would have got it from venture capital firm. ‌True  ‌False

A short-term promissory note issued by largecorporations is known asa. debenture agreement.b. equity agreement.c. commercial paper.d. draft agreement.e. loan commitment.

Which of the following projects would normally be accounted for in a capital projects fund? O A) The construction of a parking garage operated as an enterprise fund. OB) Payment of interest on bonds issued to finance the construction of a new city hall, OC) The construction of a police station addition. O D) Payment of principal on revenue bonds. Question 2 ( Siler City receives a trust donation for the purpose of maintaining flower beds in city parks, but the donor does not specify that the principal must be maintained. This type of trust would be most appropriately accounted for in a O A) Permanent Fund B) Special Revenue Fund OC) Private Purpose Trust Fund OD) General Fund.

Describe how Minister of Finance is held accountable.

Founded in 1967, Grupo ISA is Colombia’s largest energy transport company. ISA attaches great importance to its shareholders. On 15 November 2001, it adopted Corporate Governance Code based on international standards and aimed at ensuring the ethical integrity of the company and proper management of the company’s affairs. SA’s Board of Directors has seven members. Each director is elected based on aptitude, knowledge, experience and leadership criteria. . All Board members and their representatives attend meetings. Which ONE of the following statement is untrue regarding international code of corporate governance?   a-The nomination committee should appoint directors every three years   b-At least half of the board should comprise non-executive directors   c-Remuneration committee should not include nonexecutive directors d-The role of chairman and chief executive officer should be separated

H5. In this question explain wrong options also and explain with details