A beautiful Madam was having trouble with one of her students in 1st Grade class. Madam asked, "Boy. what is your problem?"


Boy answered, "I'm too smart for the first-grade. My sister is in the

third-grade and I'm smarter than she is! I think I should be in the

4th Grade!"



Madam had enough. She took the Boy to the principal's office. While

the Boy waited in the outer office, madam explained to the principal

what the situation was. The principal told Madam he would give the boy

a test and if he failed to answer any of his



questions he was to go back to the first-grade and behave. She agreed.



the Boy was brought in and the conditions were explained to him and he

agreed to take the test.



Principal: "What is 3 x 3?"



Boy.: "9".



Principal: "What is 6 x 6?"



Boy.: "36".



And so it went with every question the principal thought a 4th grade

should know. The principal looks at Madam and tells her, "I think Boy

can go to the 4th grade."



Madam says to the principal, "I have some of my own questions.



Can I ask him ?" The principal and Boy both agreed.



Madam asks, "What does a cow have four of that I have only two of"?



Boy, after a moment "Legs."



Madam: "What is in your pants that you have but I do not have?"



Boy.: "Pockets."



Madam: What starts with a C and ends with a T, is hairy, oval,



delicious and contains thin whitish liquid?



Boy.: Coconut



Madam: What goes in hard and pink then comes out soft And sticky?



The principal's eyes open really wide and before he could stop the

answer, Boy was taking charge.



Boy.: Bubblegum



Madam: What does a man do standing up, a woman does sitting down and a

dog does on three legs?



The principal's eyes open really wide and before he could stop the

answer...



Boy.: Shake hands



Madam: You stick your poles inside me. You tie me down to get me up. I

get wet before you do.



Boy.: Tent



Madam: A finger goes in me. You fiddle with me when you're bored. The

best man always has me first.



The Principal was looking restless, a bit tense and took one large

Patiala Vodka peg.



Boy.: Wedding Ring



Madam: I come in many sizes. When I'm not well, I drip. When you blow

me, you feel good.



Boy.: Nose



Madam: I have a stiff shaft. My tip penetrates. I come with a quiver.



Boy.: Arrow



Madam: What word starts with a 'F' and ends in 'K' that means lot of

heat and excitement?



Boy.: Firetruck



Madam: What word starts with a 'F' and ends in 'K' & if u don’t get it,

u have to use urhand.



Boy.: Fork



Madam: What is it that all men have one of it's longer on some men

than on others, the pope doesn't use his and a man gives it to his

wife after they're married?



Boy.: SURNAME.



Madam: What part of the man has no bone but has muscles, has lots of

veins, like pumping, & is responsible for making love ?



Boy.: HEART.



Madam: What is approx 6 inches long, get into wet hole, moves up and

down, produces some white stuff, and leaves a tingling feeling?



Boy: It's a toothbrush...



The principal breathed a sigh of relief and said to the teacher,



"Send this Boy to upper grade, I got the last ten questions wrong myself!".



adult people see the nude couple, but show this pic to children they will tell you that pic contain 9 dolphins can you see them..

See the difference

See the difference


 

 

1.  
Prime Minister Pakistan son weds

 
    

 

 

 

 

 

 

2.
Iranian President's son weds –


PHOTOSESSION [ 20 May 2008 19:16  ]

Baku. Ramil Mammadli- APA. Iranian
President Mahmud Ahmedinejat's son has
married with a daughter of Deputy

Chairman of Iranian Committee of Tourism and Historical Works Isfandiyar Rahm
Mashai.



APA reports quoting Iran's Mass Media that the wedding party took place in the
President's house and lasted four

hours. Iranian President Mahmud Ahmedinejat has two sons and a daughter.


 




 
  

 

Learning Bank Reconselation

Step 1.
Balance per Bank Statement on Aug, 31. 2006
Adjustments:
Add: Deposits in transit
Deduct: Outstanding checks
Add or Deduct: Bank errors
Adjusted/Corrected Balance per
-----------------------------------------------------------------------------
Bank Step 2.
Balance per Books on Aug, 31 2006
Adjustments:
Deduct: Bank service charges
Deduct: NSF checks & fees
Deduct: Check printing charges
Add: Interest earned
Add: Notes Receivable collected by bank
Add or Deduct: Errors in company's Cash account
Adjusted/Corrected Balance per Books

---------------------------------------------------------------------------------

Liquidity Analysis Ratios

Current Ratio

Current Assets
Current Ratio = ------------------------
Current Liabilities

Quick Ratio

Quick Assets
Quick Ratio = ----------------------
Current Liabilities

Quick Assets = Current Assets - Inventories

Net Working Capital Ratio

Net Working Capital
Net Working Capital Ratio = --------------------------
Total Assets

Net Working Capital = Current Assets - Current Liabilities


Profitability Analysis Ratios
Return on Assets (ROA)

Net Income
Return on Assets (ROA) = ----------------------------------
Average Total Assets

Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2

Return on Equity (ROE)

Net Income
Return on Equity (ROE) = --------------------------------------------
Average Stockholders' Equity

Average Stockholders' Equity
= (Beginning Stockholders' Equity + Ending Stockholders' Equity) / 2

Return on Common Equity (ROCE)

Net Income
Return on Common Equity (ROCE) = --------------------------------------------
Average Common Stockholders' Equity

Average Common Stockholders' Equity
= (Beginning Common Stockholders' Equity + Ending Common Stockholders' Equity) / 2

Profit Margin

Net Income
Profit Margin = -----------------
Sales


Earnings Per Share (EPS)

Net Income
Earnings Per Share (EPS) = ---------------------------------------------
Number of Common Shares Outstanding



Activity Analysis Ratios
Assets Turnover Ratio

Sales
Assets Turnover Ratio = ----------------------------
Average Total Assets

Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2

Accounts Receivable Turnover Ratio

Sales
Accounts Receivable Turnover Ratio = -----------------------------------
Average Accounts Receivable

Average Accounts Receivable
= (Beginning Accounts Receivable + Ending Accounts Receivable) / 2

Inventory Turnover Ratio

Cost of Goods Sold
Inventory Turnover Ratio = ---------------------------
Average Inventories

Average Inventories = (Beginning Inventories + Ending Inventories) / 2


Capital Structure Analysis Ratios
Debt to Equity Ratio

Total Liabilities
Debt to Equity Ratio = ----------------------------------
Total Stockholders' Equity


Interest Coverage Ratio

Income Before Interest and Income Tax Expenses
Interest Coverage Ratio = -------------------------------------------------------
Interest Expense

Income Before Interest and Income Tax Expenses
= Income Before Income Taxes + Interest Expense


Capital Market Analysis Ratios
Price Earnings (PE) Ratio

Market Price of Common Stock Per Share
Price Earnings (PE) Ratio = ------------------------------------------------------
Earnings Per Share


Market to Book Ratio

Market Price of Common Stock Per Share
Market to Book Ratio = -------------------------------------------------------
Book Value of Equity Per Common Share

Book Value of Equity Per Common Share
= Book Value of Equity for Common Stock / Number of Common Shares

Dividend Yield

Annual Dividends Per Common Share
Dividend Yield = ------------------------------------------------
Market Price of Common Stock Per Share

Book Value of Equity Per Common Share
= Book Value of Equity for Common Stock / Number of Common Shares

Dividend Payout Ratio

Cash Dividends
Dividend Payout Ratio = --------------------
Net Income



ROA = Profit Margin X Assets Turnover Ratio
ROA = Profit Margin X Assets Turnover Ratio

Net Income Net Income Sales
ROA = ------------------------ = -------------- X ------------------------
Average Total Assets Sales Average Total Assets

Profit Margin = Net Income / Sales
Assets Turnover Ratio = Sales / Averages Total Assets

SMART SENTENCES

SMART SENTENCES
1. God is real, unless declared integer

2. Before borrowing money from a friend, decide whether you need more.

3. Death is hereditary.

4. There are three sides to every argument: your side, my side and the right side.

5. An expert is someone who takes a subject you understand and makes it sound confusing.

6. Many things can be preserved in alcohol. Dignity is not one of them.

7. Never argue with a fool. People might not know the difference.

8. When you're right, no one remembers. When you're wrong, no one forgets.

9. Cheer up, the worst is yet to come.

10. Always remember that you are absolutely unique. Just like everyone else.

11. Well done is better than well said.

12. Everyone makes mistakes. The trick is to make them when nobody is looking.

13. Always borrow money from a pessimist. He won't expect it back.

14. If you can't see the bright side of life, polish the dull side.

15. Where there's a will there are five hundred relatives.

16. Everybody wants to go to heaven, but nobody wants to die.

MBA basics

The MBA is perhaps the most coveted course in today's world. This course tops the list of courses almost in all the developed and developing countries across the globe. The enthusiasm for the course has brought in many small private institutes etc. to offer this course. However, only those students who have obtained the MBA degree from some recognized eminent university find the best of placements. So the institute or the university is the first factor for a successful career in this field. This article will educate you about the various issues like finance, strategy to study, interview etc. related to choosing MBA as a profession.

� In today's competitive world there are no shortcuts. The student willing to take admission in one of the best institutes either in Asia or abroad, need to study hard and get the good grades. 3.0 to 4.0 are the minimum grades required at the undergraduate grade point average (GPA).

� Most of the MBA schools or colleges adjudicate the caliber of the student via the GMAT or The Graduate Management Admissions Test exam. This test is to estimate the individual's knowledge of English, Math and Analytical writing skills. The verbal or English section comprises of 41 questions to be answered within 75 minutes. The questions like correcting the hidden grammatical mistakes etc. The Math section has 37 questions and same 75 minutes. Questions are on various mathematical topics like percentage, ratio and so forth. The writing analysis is based on writing two essays on different issues.


� The school and university depend on the grades that you get in the exam. Good grades will fetch you a deemed university while poor ones may not.

� MBA programs are full time and part time and within this program there are many choices. Like you can take up finance management, HR, etc. it is at the discretion of the student to decide which course to go for.


� Once you have made a preference for the course, the time comes to look at the fee structure. Usually the MBA schools charge a high fee which is not within the reach of students. In this case they look for other financial aids. Many schools offer scholarships, grants etc. that can be looked up to. Else the loan facility is always available. The loan providing banks and companies also consider the grades and the institution that recommends the name of the student. The successful schools are known for producing productive students who can repay the loan conveniently with their salaries.

The FAFSA or the Free Application for Federal Students, loan offered by the federal government is doing remarkable job in this area. However, due to the popularity of the loan, the application should be sent as soon as possible.

� Many MBA schools ask for recommendation letters. This is in order to justify a student's authenticity. In this case the letter should be taken by an honored and known authority whose recommendation lifts your name in the eyes of its seekers.

� The school life is followed by hunt for a job. If you have passed from a top most school, job is not an issue; still you need to be prepared to win your contenders. When going for an interview wear decent clothes that are not too jazzy and funky and colorful. Practice properly with a friend or family member before the day of interview. Don't forget to take a copy of resume and cover letter along with your certificates. You need to be familiar with each and every word of your resume and cover letter. Don't be nervous and maintain a calm composure. Try replying in a prudent manner to all their questions. Even if you make a mistake, don't let it affect your rest of the answers and your attitude.



So go ahead and chase your dreams!

Scope of MBA in Pakistan

MBA stands for Masters of Business Administration and it offers a post graduate
degree. There is tremendous significance of MBA in today’s world. With
increasing business and communication due to globalization, liberalization and
privatization, more and more companies sought after world class equipped
knowledgeable managers that have full hands on experience before they enter an
organization. This is purely because companies do not want to waste their time
training individuals. They want managers who can contribute to the organization
directly from day one. An MBA program offers all these benefits and hence it
deserves its due importance.



All the B-schools give you requisite knowledge about business and its related
administration. As an entry level MBA student, one learns so much about business
strategies, various types of industries, their functioning techniques and
operations that one can actually feel the difference within oneself!



An MBA involves many hands on project experiences, assignments, internships etc.
Due to this a student is fully equipped with all the necessary skills that a
manager should possess. These skills helps one to become an expert in one own
field and can help him or her to become a leader. Because one requires some kind
of competency to be able to perform on these entrance tests and interviews,
there are many coaching classes that offer specialized coaching for MBA

Research itself shows that MBA students are able to deliver and perform than
students without the MBA degree. Also, the significance of MBA in today’s world
has grown simply because of the intense competition that each company faces.
With increasing salary packages, the expectations from an employee have also
increased across all industries.



It is purely due to this significance that more and more B-schools are offering
varied kinds of MBA with different electives and specializations! The scope of
MBA is indeed vivid!



There are various MBA colleges in Pakistan that can help you enhance your
management and communication skills, but I recommend that if your are planning
to be a business student go for reputable university like
IQRA University Karachi, they have the best
faculty which will enhance your expertise and professional level and groom you
to be a part of professional organizations, A long list of inspirational
quotations can also help to boost your morale.

Assignment on KSE

Q-1: What is the number’s of listed companies on Tuesday 22^nd April

Answer:

The total number companies listed in Karachi stock exchange is 821

2: What is listing criteria of stock exchange?

Listing Requirements & Procedures:

Issue of capital is mainly governed by the Companies Ordinance 1984, Companies (Issue of Capital) Rules, 1996 and Listing Regulations, Regulations Governing Over the Counter (OTC) Market and criteria for listing framed there under.

A. The main requirements of listing on the ready market

1. Minimum paid up capital of Rs.200 million.

2. Minimum public offer as required under the Listing Regulations and the Companies (Issue of Capital) Rules, 1996.

3. Public offer of equity has to be subscribed by at least 500 applicants.

4. The offering document has to be cleared by the KSE before it is submitted to the Securities Exchange Commission of Pakistan for approval.

B. The main requirements of listing on OTC market

1. Minimum paid up capital of Rs.10 million.

2. Minimum public offer Rs.5 million or 25% of the capital whichever is higher.

3. Break-up value of the ordinary shares shall not be less than its face value at the time of listing.

4. The offering document has to be cleared by the KSE before it is submitted to the Securities Exchange Commission of Pakistan for approval.

C. Time frame for Listing

The listing application completed in every respect along with offering document is not required more than 2 weeks for clearance of the Exchange.

For further details please see the relevant Rules & Regulations, requirements/criteria for listing as well as the documents / information required for listing of securities, which have been placed separately on the website.

3: What is Karachi stock exchange 100 index and 30 index

Karachi Stock Exchange 100 Index (KSE-100 Index) is a benchmark used to compare prices over a period of time, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market capitalization from each sector is also included.

The Karachi Stock Exchange has launched the KSE-30 Index with base value of 10,000 points, formally implemented from Friday, September 1, 2006. The main feature of this index that makes it different from other indices are:

KSE-30 index is based only on the free-float of shares, rather than on the basis of paid-up capital.

The other indices in Karachi Stock Exchange represents total return of the market. That is, when a company announces a dividend, the other indices at KSE are not reduced/adjusted for that amount of dividend (whether cash or bonus).Whereas, KSE-30 Index is adjusted for dividends and right shares.

4: What are the inclusion criteria in 100 indexes?

COMPUTATION METHOD

1. OBJECTIVE & DESCRIPTION

The primary objective of the KSE100 index is to have a benchmark by which the stock price performance can be compared to over a period of time. In particular, the KSE 100 is designed to provide investors with a sense of how the Pakistan equity market is performing. Thus, the KSE100 is similar to other indicators that track various sector of the Pakistan economic activity such as the gross national product, consumer price index, etc.

2. COMPOSITION OF THE KSE100 INDEX

The KSE100 contains a representative sample of common stock that trade on the Karachi Stock Exchange. The KSE stocks that comprise the index have a total market value of around Rs. 1,197 Billion compared to total market value of Rs. 1,365 Billion for over 679 stocks listed on the Karachi Stock Exchange. This means that the KSE100 Index represents 88 percent of the total market capitalization of the Karachi Stock Exchange, as of 27th February, 2004.

3. STOCK SELECTION RULES

The selection criteria for stock inclusion in the recomposed KSE100 Index are:

Rule # 1: Largest market capitalization in each of the 34 Karachi Stock Exchange sectors excluding open-end Mutual Fund Sector.

Rule # 2: The remaining index places (in this case 66) are taken up by the largest market capitalization companies in descending order.

A number of the 34 top sector companies may also qualify for inclusion on the basis of their market capitalization. In other words, companies may qualify solely under rule 1, solely under rule 2, or under both.

The fact that the sector rule is identified as Rule 1 does not imply that it is more important, only that the nature of the selection process is such that it is the screening that is done first.