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A company has: Ordinary shares $1.00 each: $200,000; Share premium: $80,000; Revenue reserves: $160,000. Changes in order: (1) One-for-one bonus issue; (2) Rights issue of 100,000 shares at $1.40 each. Company wishes to maximise dividends. What are the resulting balances?
Option A is correct.
Bonus issue (200,000 new shares @ $1): Use share premium $80,000 first, then revenue reserves $120,000.
After: Shares $400,000 | Share premium $0 | Revenue reserves $40,000
Rights issue (100,000 @ $1.40): $100,000 to share capital, $40,000 to share premium.
Final: Shares $500,000 | Share premium $40,000 | Revenue reserves $40,000
A catenary arch is the ideal structural arch form:
- Shape = the curve formed by a hanging chain or rope (catena = chain in Latin), inverted.
- Under uniform self-weight loading, a catenary arch carries loads purely in compression along its axis — no bending, no tension.
- Structurally optimal — zero bending moment throughout.
- Famous example: Antonio Gaudí used catenary arches in Sagrada Família; Eero Saarinen's Gateway Arch (St. Louis) is a weighted catenary.
Round arches and pointed arches do experience bending under non-uniform loads.
Sister Callista Roy's Adaptation Model (1970) proposes that humans adapt to stimuli through four adaptive modes:
- Physiological-Physical Mode: Basic physiological needs (oxygenation, nutrition, elimination, activity, protection)
- Self-Concept Mode: Physical self and personal self — one's beliefs and feelings about oneself
- Role Function Mode: Roles one occupies in society (primary, secondary, tertiary)
- Interdependence Mode: Relationships and support systems — giving and receiving love, respect, and value
Empowerment in HRM transfers direction from:
Empowerment transfers direction from an external source (normally the immediate supervisor) to an internal source (the individual's own desire to do well). It provides workers with skills and authority to make decisions traditionally made by managers, creating enthusiastic, committed people who perform ably because they believe in and enjoy their work.
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