In this task, I will be describing how political, legal and social factors are impacting upon the selected business activities. The two businesses which I have chosen are, Oxfam and also Tesco. Political factors for Tesco Taxation Large business such as Tesco is largely affected by the government taxes, such as income taxes and business rates. Tesco is a large business which means that a lot of corporation tax taken away from their profits. Corporation Tax is a tax on the taxable profits of limited companies and other organisations.
This is an attempt by the Fed to encourage citizens to borrow money from the banks at a very low rate. With this action, the Fed is hoping that more consumers will take advantage of these historically low rates to borrow money for new projects that could stimulate the economy. This action by the Federal Reserve was provoked in response to the recent economic crisis brought about by the mortgage and banking meltdowns the United States has experienced over the past several
Banks focused mainly on making profits rather than regulations, so they did not pay premium for F.D.I.C. when they were in good time, then they suffered in bad time that they could not pay back. Bair asked the banks to pay premium and fund building. Basel II advocated banks to self-regulated, which made banks keep a low capital, thus Ms. Bair disagreed with Basel II and later facts of deeper crisis proved she was right. With regarding to bailout by several banks, Ms. Bair held different views from Geithner`s.
When Power Falls into the Wrong Hands Glen Arns Research Paper Prof. Carrino Dec. 4th, 2014 When Power Falls into the Wrong Hands In today’s society the worldwide majority of people’s main priority is surviving financially. There is no escaping the cost factors to live. Hard work and labor is needed for comfortable living, so one may wonder where all their money goes. Some scholars say money only leads back to corruption. Corruption is seen and unseen and may arise in many institutions, some major institutions are banks, conglomerates, insurance corporations, and in some case the government.
The case I will be discussing in my PowerPoint presentation is the United States of America Department of Treasury versus JP Morgan Chase Bank, N.A. Columbus, OH. J.P. Morgan Chase is a global bank and financial services institution and is part of the largest bank holding company in the United States with $2.5 trillion in assets, and is required to adhere to the Bank Secrecy Act and its regulations. The Financial Crimes Enforcement Network a bureau of the U.S. Department of Treasury with authority to investigate banks for violations of the Bank Secrecy Act determined that JP Morgan violated the Bank Secrecy Act, 31 U.S.C. §5318(g) and 31 C.F.R.
Cash Inflows Income from sales: The money earned from selling goods and services creates an inflow of cash to the business. This is often called sales revenue or turnover. Loans from banks: it is common for a new business to borrow money in order to buy new items such as vehicles, machinery or property. When the loan is given to the business, this becomes a cash flow for the business. Money invested by the business’ owners: When a business is first started, its owners (sole traders or shareholders, for example) may invest money into the business, resulting in a cash flow.
Business Research Ethics Paper Chili Cruz RES 351 July 28, 2014 Professor Business Research Ethics The company I chose to write about is Citigroup Inc. Citigroup Inc, is a company, which focuses on investing and providing financial advice to consumers, as well as the financial corporate world. For the most part the services they provide can be identified as having three main types of business focuses. One of the business divisions is Global Consumer, the other is directed into the Corporate and Investment Banking, third and last is Global Wealth Management services. Moreover, Citigroup has prided themselves with a 200 year-old legacy of being successful in leading in the financial world. Additionally, Citigroup has successfully branched out into owning other branches.
Answer Briefly describe one (1) way the U.S. financial markets impact the economy, one (1) way the U.S. financial markets impact businesses, and one (1) way the U.S. financial markets impact individuals. Ways the US financial Market impact the business: The price of credit and returns on investment give signal to business man, one of the financial market participants, to borrow money from the financial market by connecting those who value the funds most highly. Efficient financial markets facilitate lower search and transactions costs in the economy to the businessman because market providing a large array of financial products, with varying risk and pricing structures as well as maturity. A well-developed financial system offers products to businessman so as to match their needs. Businesses in need of funds can easily discover which financial institutions or which financial markets may provide funding and what the cost will be for the borrower.
Application to LBHI financial statements 9 4. Governance and ethical issues involving LBHI 11 5. Analysis 14 6. Conclusion 17 References 19 2 The Failure of Lehman Brothers Holding Inc. I- Introduction During the past two decades, globalization, deregulation and financial innovation (favored by advances in information and communication technology) have spurred changes in the way banks meet their customers’ needs. This trend has been made possible by the repeal
In addition, this essay will propose some related recommendations to lighten the impact of ethical deficiency. Body: 1. Topic of paragraph: fraudulent financial reporting Topic sentence: Fraudulent financial reporting is pervasive phenomenon in the field of accounting. Managers’ purpose: in order to stimulate the stock price Focus on short-term profits Not available for the long-term development of a company 2. Topic of paragraph: embezzlement of assets Topic sentence: Embezzlement of assets is the use of company’s property for other personal purpose rather than for company’s profits or development.