This Power point Presentation contains the complete information regarding step by step procedure needs to be complied while issuing Bonus Shares.....A person can buy the documents related to it from our Website www.draftmydocument.com under the combo section.... in easily editable word format which makes it easy to use for you and saving your time and efforts
Meaning of corporate finance, meaning of fixed and working capital, factors affecting requirement of fixed capital, factors affecting requirement of working capital, what is capital structure, and componenets of capital structure.
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
This Power point Presentation contains the complete information regarding step by step procedure needs to be complied while issuing Bonus Shares.....A person can buy the documents related to it from our Website www.draftmydocument.com under the combo section.... in easily editable word format which makes it easy to use for you and saving your time and efforts
Meaning of corporate finance, meaning of fixed and working capital, factors affecting requirement of fixed capital, factors affecting requirement of working capital, what is capital structure, and componenets of capital structure.
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
The dividend policies of an organization have a significant bearing on the market value of stocks. Companies must distribute dividends in line with the industry standards and previously distributed dividends by the company. The shareholders will otherwise perceive this variability negatively. It casts suspicion on the financial health and motives of the management (signaling effect). In aggregate, an inefficient dividend decision mechanism would adversely impact the valuation of the company.
Table of Contents
What are Dividend Decisions?
Impact of Dividend Decisions on Price
Factors affecting Dividend Decisions
Cash Requirement
Evaluation of Price Sensitivity
Stage of Growth
Good Dividend Policy
Importance of Dividend Decisions
Q. How much Dividend should a Company Distribute to its Shareholders?
Q. What will be the Impact of Dividend Decisions on the Share Prices of the Company?
Q. What is the Consequential Impact of Inability to Maintain Dividend Year after Year?
Types of Dividend Decision
Stable Dividends
Constant Dividends
Alternate Dividend Decisions
Factors affecting Dividend Decisions
Cash Requirement
The financial manager must take into account the capital fund requirements while framing a dividend policy. Generous distribution of dividends in capital-intensive periods may put the company in financial distress.
Evaluation of Price Sensitivity
Companies chosen by investors for their regularity of dividends must have a more stringent dividend policy than others. It becomes essential for such companies to take effective dividend decisions for maintaining stock prices.
Stage of Growth
Dividend decisions must be in line with the stage of the company- infancy, growth, maturity & decline. Each stage undergoes different conditions and therefore calls for different dividend decisions.
Good Dividend Policy
What Constitutes a Good Dividend Policy?
There does not exist a single dividend decision process that works for every organization. A decision suitable for one company may prove fatal for another company. For example, businesses with a consistent order book such as telecom and banking are expected to pay regular dividends. It may impact the stock prices if they do not pay dividends regularly. On the contrary, sectors of pharmaceutical and technology are highly research-oriented. These require huge cash expenses to further their operations. Therefore they cannot afford to pay a regular dividend. Investors of such stocks earn income mainly through capital appreciation. In essence, there are a lot of factors affecting dividend policy or decisions.
We can refer to the following renowned theories on Dividend Policy:
Modigliani- Miller Theory on Dividend Policy
Gordon’s Theory on Dividend Policy
Walter’s Theory on Dividend Policy
A good financial manager must, therefore, answer the following questions before taking crucial dividend decisions
Importance of Dividend Decisions
While deciding the distribution of dividends, management has to answe
What Is a Dividend and How Do They Work?pickright46
Dividends are a fundamental aspect of investing that plays a crucial role in the financial landscape. This comprehensive guide aims to cover the concept of dividends, exploring how they work, their significance for investors, and factors influencing dividend payouts.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Nike Supply Chain
Globalization of Nike
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Rubber Materials Nike
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Cotton in Nike Apparel
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Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
2. OBJECTIVES:
1. Describe the effect of a dividend policy
2. Recognize the difference between the dividend
dates
3. Discuss the types of dividend policies
(advantages/disadvantages)
4. Explain the financial and operating factors that
affect the amount of dividends paid
5. Differentiate share capital dividends and share
splits
4. DIVIDEND POLICY
The policy a company uses to decide how much it will
pay out to shareholders in dividends.
EFFECTS:
1. Influences the investor’s attitude
2. Impacts financing program and capital budgeting
3. Affects cash flow
4. Lowers shareholder’s equity
6. • Cash dividends
• Property dividends
• Liability dividends in the form of bond or scrip
• Stock dividends or bonus issue
Dividends out of earnings
7. Illustration (cash dividend):
The board of directors of an entity, at their
meeting on November 20 2012 declared a
dividend of P20/share, payable April 30 2013,
to shareholders of record on December 31,
2012. The entity has 20,000 shares issued and
outstanding with par value of 100.
8. Illustration (property dividend):
On November 1, 2012, an entity declared a
property dividend of equipment payable on
March 1, 2013. The carrying amount of the
equipment is P3M and the fair value is P2.5M
on November 1, 2012. However, the fair value
less cost to distribute the equipment is P2.2M on
December 31, 2012, P2M on March 1, 2013.
13. Constant dividend-payout ratio
1. Pay a constant proportion of earnings (if
positive).
2. Base optimal capital budget on residual
retained earnings.
14. Compromise Policy
Goals, ranked in order of importance
Avoid cutting back on positive NPV projects to pay a
dividend
Avoid dividend cuts
Avoid the need to sell equity
Maintain a target debt/equity ratio
Maintain a target dividend payout ratio
Companies want to accept positive NPV projects, while avoiding
negative signals
15. Residual-dividend policy
1 Determine the optimal capital budget.
2 Determine the retained earnings that can be used to finance the
capital budget.
3 Use retained earnings to supply as much of the equity investment
in the capital budget as necessary.
4 Pay dividends only if there are left-over earnings.
16. Factors that affect the amount of dividends paid
• Legal requirements
• Firm’s liquidity position
• Repayment need
• Expected rate of return
• Stability of earning
• Desire of control
• Access to the capital market
• Shareholder’s individual tax situation
17. Share capital dividends
Funds raised by issuing shares in return for cash or other
considerations. The amount of share capital a company
has can change over time because each time a business
sells new shares to the public in exchange for cash, the
amount of share capital will increase. Share capital can be
composed of both common and preferred shares.
18. Share splits
The issuance of a substantial amount of additional shares,
thereby reducing the par value of the share capital on a
proportionate basis
Often prompted by desire to reduce the market price per
share, making it easier for small investors to buy shares
19. Share Capital repurchases
A program by which a company buys back its own shares from
the marketplace, reducing the number of outstanding shares.
Share repurchase is usually an indication that the company's
management thinks the shares are undervalued. The company can
buy shares directly from the market or offer its shareholder the
option to tender their shares directly to the company at a fixed
price.
20. Problems:
In 2012, Elm Company bought 10,000 shares of oil company at a cost of
200,000. On December 1, 2012 Elm Company declared a property
dividend of the oil stock to shareholders of record on February 1,2013
payable on February 15, 2013. The oil stock had the following market
value:
December 1, 2012 - 250,000
December 31, 2012 - 260,000
February 15, 2013 - 270,000
What is the net change of the property dividend against retained earnings
during 2012?
21. Problems:
Tin Company had 700,000 ordinary shares authorized and
300,000 share outstanding on January 1, 2012.
Jan 31 Declared 10% stick dividend
June 30 Purchased 100,000 shares
Aug 1 Reissued 50,000 shares
Nov 30 Declared 2 for 1 share split
How many ordinary shares are outstanding?
22. Problems:
Lunario Company declared and distributed
10% stock dividend with fair value of P1.5M
and par value of P1M and 25% stock
dividend with fair value of P4M and par
value of P3.5M. What agreeable amount
should be debited to retained earnings for the
stock dividends?
23. Problems:
On January 1, 2013, the BOD of Chorva Company declared a cash
dividend of 800,000 to shareholders of record on January 15, 2013
and payable on February 15, 2013. Selected data on December 31,
2012 are as follows:
Accumulated depletion 500,000
Share capital 9,000,000
Share premium 300,000
Retained earnings (Dec 31, 2012) 600,000
Net income 2012 150,000
What amount should be reported as liquidating dividend?
Editor's Notes
Declaration date is the day the Board of Directors announces its intention to pay a dividend. On this day, a liability is created and the company records that liability on its books; it now owes the money to the stockholders. On the declaration date, the Board will also announce a date of record and a payment date.
Record date is the date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution.
Ex-dividend date classification of trading shares when a declared dividend belongs to the seller rather than the buyer. A stock will be given ex-dividend status if a person has been confirmed by the company to receive the dividend payment.
Payment date distribution of checks
