Reviewing Beneish’s manipulation index‚ we note a high probability of manipulation for both fiscal Year 5 and Year 6. The major factors of this are the rapid growth in sales and the level of accruals in earnings. The Company experienced negative cash flows from operations for both years as a result in significant decreases in A/R and inventories. Reviewing the financial ratios‚ we also noted the relationship between inventories and COGS‚ which is not included in Beneish’s index. The high growth rate of
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What is HDI? HDI (Human Development index) is a way of measuring development by combining indicators of life expectancy‚ educational attainment and income. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country stands in relation to these goalposts‚ expressed as a value between 0 and 1. It is
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TM Democracy index 2011 Democracy under stress A report from the Economist Intelligence Unit www.eiu.com Democracy Index 2011 Democracy under stress The Economist Intelligence Unit’s Index of Democracy 2011 Democracy under stress This is the fourth edition of the Economist Intelligence Unit’s Democracy index. It reflects the situation as of the beginning of December 2011. The first edition‚ published in The Economist’s The World in 2007‚ measured the state of democracy in September
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ACCESS TO NUTRITION INDEX GLOBAL INDEX 2013 Acknowledgements FUNDERS The Access to Nutrition Index (ATNI) would not have been possible without the generous support of the Global Alliance for Improved Nutrition (GAIN)‚ the Bill & Melinda Gates Foundation and the Wellcome Trust. ATNI was developed by GAIN’s Innovative Finance Program. Led by Chris Walker‚ the ATNI development team consisted of Michael Park and Valerie Pillonel‚ along with external consultants Craig Courtney‚ Rachel Crossley‚ and
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New Series of Consumer Price Index Numbers for Industrial Workers on base 2001=100 1. OBJECTIVE Labour Bureau‚ since its inception‚ has‚ inter-alia‚ been entrusted with the responsibility of compilation and maintenance of the Consumer Price Index Numbers for Industrial Workers (CPI-IW). The CPI-IW purports to measure the temporal change in the retail prices of fixed basket of goods and services being consumed by the target group i.e. an average working class family and thus‚ is an important
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BIG MAC INDEX WHAT IS A BIG MAC INDEX? The big Mac index is a theory dealing with PPP purchase power parity. The big Mac index was created by the Economist based on the Purchase Power theory‚ the first step understands what the Purchase power theory is. Here is a brief example to better understand the purchase power theory; suppose that one US dollar is currently in the market for ten Argentinean pesos. In the United States a soccer ball costs $40 while in Argentina they sell the same soccer
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of prices of a specified set of goods and services purchased by consumers. It is a price index that tracks the prices of a specified basket of consumer goods and services‚ providing a measure of inflation. \CPI is a fixed quantity price index and considered by some a cost of living index. Under CPI‚ an index is scaled so that it is equal to 100 at a chosen point in time‚ so that all other values of the index are a percentage relative to this one. Economists Shunmugam and Prasad say it is high time
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In creating the Freight Market Information for dry cargo indices‚ the Baltic Exchange currently requires its panellists to report their opinions based on the following ship definitions Capesize 172‚000 metric dwt‚ 190‚000 cbm grain‚ gearless Main Components Of A Vessel’s Costs For the purpose of estimating and accounting‚ the expenses of a vessel are usually divided into voyage costs and daily running costs. The former are those expenses which are incurred solely when a vessel is engaged
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or even polycarbonate‚ high index lenses are expensive. Because of their cost‚ it’s only natural that you would want to keep your high index lenses for as long as possible. Of course‚ the same is true for the frame as well. The longevity of your high index eyeglasses comes down to your selection of protective coatings for the lenses‚ your frame selection‚ and your use and care habits. Anti-Scratch Protective Coating High index lenses are made from high-refractive-index polymers. In other words‚ they’re
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Refractive Index of Perspex Aim: the aim of this experiment is to find the refractive index of Perspex. Tools: Pencil Graph Paper Perspex glass Pin Procedures: 1. 2. 3. 4. 5. 6. Ruler Styrofoam Paper Place an A4 paper over the Styrofoam‚ then Place the Perspex glass on the middle of the A4 paper and mark its place. Place a pin about away from the side of the Perspex glass‚ Draw six points about 10 degrees away from each other as labeled from 1-6 on
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