Pacific City Bank is a community bank that mostly focused on Korean-American in California. The company has it’s headquartered in Los Angeles, California, and other centers in eight s the states within the United States (Asaduzzaman, 2019). In terms of financial capacity, Pacific City is the third largest Korean American...
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The financial crisis in Greece is the process, which has been defining my homeland for more than ten years now and is bound to keep on being one of the most important factors for the country and its people in the foreseeable future. The crises appeared, if one is to...
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The American economy is a complex system with heavy influence on the overall financial health of the nation. Understanding what affects the economy in both a positive and negative manner is essential to exhibiting the most control possible over a system that is so critical and that touches basically every...
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One of the key parts of the world economy is interest. Interest plays a role in making profit for crucial economic institutions, such as banks. The basic principle of interest entails that the lending of money creates a profit through interest rates paid by the one borrowing the money to...
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David Kerpen’s book, Likeable Social Media: How to Delight your Customers, Create an Irresistible Brand, and be Generally Amazing on Facebook (& Other Social Networks, conveys how truly important social media has become. Discussing his trip to Las Vegas in June of 2010, he uses a personal anecdote regarding an...
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The Bank of America is one of the largest banking organizations in the U.S.A. It has its headquarters in Charlotte, North Carolina (“Keep the change” Account Service for Bank of America n.d). This renowned banking and financial services corporation’s history dates back to the year 1904 when Amadeo Peter Giannini...
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As I look out here at everyone, at everyone’s smiling faces, I cannot help but be proud. And amused, quite frankly. Life is a strange thing. The things we believe we’ll take pride in are not always the things we retire having treasured most. Am I proud of my accomplishments?...
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The facts of this case are as follows: I went to my bank and wrote a check for $500 to 'cash' on my account. The teller did not have me indorse the check, but gave me the cash. The teller then took the check from the bank and gave it...
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John Brym and Robert Lie authored the book Sociology: Your compass for a new world. This paper analyzes what Brym and Lie say about social stratification and other aspects of inequality in the third edition of the book. It argues that the authors’ position is that it is possible to...
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Globalization has changed the ways everything is done today. Organizations are expanding their operations across all continents in order to have competitive edge (Razin and Efraim, 10; Harrison, 16). The world is integrated and intertwined that companies today have a larger global market than before. Foreign direct investments opportunities exist...
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These days, governments tend to lean towards putting in place fiscal policy when it comes to terms of fighting the lack of financial resources in the state budget. The origins for implementing the fiscal policy lie in the Keynesian economic theory according to which a government is to change the...
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A recession refers to a contraction in a business cycle that may result in an economic slowdown. In other words, a recession might signify a negative economic growth that happens in two consecutive quarters. On that note, the Macropoland government should employ a policy mix of both expansionary fiscal and...
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The Accounting Standards Update (ASU) 2014-09 was published by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) as an improvement to the existing revenue recognition standard. The implementation of the new revenue recognition standards is expected to bring about numerous issues related to information disclosure,...
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Over the years, the bond between the stock market and the economy has become stronger. A slight alteration in the stock market levels bears the impact of either stimulating investor confidence of causing panic, resulting in either injection or withdrawal of investment in the market. Most people would therefore argue...
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Federal Reserve Bank of San Francisco (FRBSF) (Federal Reserve Bank of San Francisco) dedicates considerable resources to research on housing market and banking sector issues. The bank doesn’t only cover the housing market but also other related subject matters such as mortgage and credit supply. In addition to major focus...
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My company Academic Assistance Inc. (AAI) provides academic services to high school and college students. The students can request assistance in any subject and all the tutors employed by the company have at least four-year undergraduate degree from accredited colleges and universities as well as over 3.0 GPA. The company...
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For today’s businesses that are looking to raise capital, there are many different options. It is important to make a smart, informed choice on this matter, as the manner in which a business chooses to raise capital can have a major, tangible impact on that business’s future and its capacity...
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2012 vs. 2013 Performance As far as Price Smart, Inc. (Price Smart) current ratio is concerned, it slightly improved from 2.3 times in 2012 to 2.4 times in 2013 which is a positive trend. Current ratio measures the short liquidity of a company and generally, a ratio of above 1...
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Three reasons why healthcare spending is expected to rise in the next ten years. Historically, the national healthcare spending has been growing at low rates. However, the spending is expected to rise in the next ten years. The first reason why healthcare spending is expected to rise is the economic...
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The time value of money essentially refers to the fact that it is often better to have money in hand today, as opposed to money promised to a person to be paid at a later date and time; by having it promised, but not yet available, the individual is missing...
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It is important for managers to understand different financial tools because they all provide valuable information about some economic aspect of the organization. One example may be income statement which is also known as profit & loss statement. Income statement tells managers about the profitability of the organization by showing...
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The purpose of an investment bank is to assist firms and individuals with a variety of financial services. An investment bank may offer brokerage services, insurance and wealth protection including underwriting, and consultation in order to suggest a course of action to a person or an institution. Thus, all the...
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1. A GSE is a Government Sponsored Enterprise, a hybrid of public and private corporations. GSEs such as Fannie Mae and Freddie Mac are private corporations, but they were created by the U.S. Congress for a specific purpose that is valuable to the country as a whole. For example, Freddie...
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A1. The 2007 financial crisis significantly reduced credit availability to businesses. When credit supply declines, only the most credit-worthy applicants have access to funding and even then the credit terms may not be as favorable as they are during normal times. Tight credit supply also means loans become more expensive...
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Introduction The institution that controls the United States economy by implementing the monetary policy is the Federal Reserve. The economy is controlled through interest rate adjustments. Through the regulation of the financial institutions, it has a huge command on the country's economy. All this effort is made by the Federal...
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