Functions of a Manager
Planning It means selecting the objectives, formulating the policies, programs, and procedures to achieve these objectives. Objectives are grouped into those of individuals, departments, and…
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Lease concepts
a. Direct lease – a lease with only one lessor who owns the leased asset. b. Leveraged lease – a lease in which the lessor…
10 Qualities of a Manager
The manager is a leader by virtue of his personal traits, authority, and expertise. He will fail to influence his subordinates if he does not…
Three purposes of a term loan contract
(1) specify the loan’s characteristics,(2) identify collateral if any, and(3) contain the protective covenants demanded by the lender to help assure the loan is repaid.
What does it mean to be a Manager?
What does it mean to be a manager? A manager is the person who draws plans, determine objectives and standards, and takes decision. He is…
Off-balance-sheet financing
Why do many companies find off-balance-sheet financing attractive? How might a company’s investors bondholders and stockholders react? Off-balance-sheet is attractive to many companies because it…
Inside Money, Outside Money
The distinction between ‘Inside Money’ and ‘Outside Money’ was introduced in macro economics by Gurley, and Shaw in their work ‘Money in a theory of…
Identify four benefits of a lease to the lessee and two benefits to the lessor
Four benefits to the lessee are: (1) tax savings from the ability to deduct all lease expenses and/or the ability to transfer tax deductions to…
Definition of Money
There is no unanimity among economist over the definition of money. The main reason for this is that the definition of money cannot be a…
Technical default and financial default
What is the difference between technical default and financial default? Which is more critical to bondholders? Default means not performing according to a loan agreement….