Filter Results By:

Reset Filters

We have over 1000 essays for "Finance Industry"

View Full Essay

Financial Services and Providing an Apprenticeship

Words: 587 Length: 2 Pages Document Type: Chapter Paper #: 16938414

Apprenticeship Proposal
An apprenticeship at Fidelity Investments would be a great way to start off your career in finance. The finance industry is always on the lookout for up and coming talent that has both know-how and experience in the field. An apprenticeship offers people the opportunity to immerse themselves in the world of investments by shadowing professional traders, portfolio managers and financial advisors as they interact with clients, plan investment strategies, offer tips and guidance to investors, and focus on achieving positive returns for clients. As the U.S. Department of Labor (2017) points out in ApprenticeshipUSA, “the financial industry, including the banking and insurance sectors, is critical to our country’s economic competitiveness” (p. 1). As such, it is highly important that Fidelity do its part in helping people become talented and trained in this field. The apprenticeship is one great way to ensure that this happens.
At Fidelity Investments,…… [Read More]

References
Pratt, D. and Johnson, J. (1998) The Apprenticeship Perspective: Modelling Ways of
Being in Pratt, D. (ed.) Five Perspectives on Teaching in Adult and Higher Education Malabar FL: Krieger Publishing Company
U.S. Department of Labor. (2017). ApprenticeshipUSA. Retrieved from
 https://www.dol.gov/apprenticeship/pdf/FinancialSector.pdf 



View Full Essay

Finance Financial Analysis of Morrison's PLC Morrison's

Words: 1595 Length: 4 Pages Document Type: Essay Paper #: 12484523

Finance

Financial Analysis of Morrison's PLC

Morrison's, the UK supermarket may be assessed as a potential investment. The firm may be considered by looking at the way that the share price is performing, comparing it to its past performance as well as benchmarking the performance against the industry

The share price will reflect the market expectations, so as well as looking a past performance it is also necessary to look to the potential future; this is often achieved by looking at the financial ratios of the firm considering the performance both vertically and horizontally.

Morrison's appears to have had a relativity mixed year; the share price stands at 277.60, closing price on the 24th August, 2012 (FT, 2012). The share price has been volatile, increasing and decreasing, over the last 52 weeks the high has been 340.00 and the low has been 261.00 (Yahoo Finance, 2012). Over the year the…… [Read More]

References

Baye Michael, (2007), Managerial Economics and Business Strategy, McGraw-Hill/Irwin

Elliott B, Elliott J, (2011), Financial Accounting and Reporting, London, Prentice Hall.

Financial Times, (FT), (2012), WM Morrison Supermarket PLC, retrieved 25th August 2012 from  http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=MRW:LSE 

Financial Times, (FT), (2012), Tesco PLC, retrieved 25th August 2012 from  http://markets.ft.com/Research/Markets/Tearsheets/Financials?s=TSCO:LSE
View Full Essay

Finance Any Asset Pricing Theory Forms the

Words: 2111 Length: 5 Pages Document Type: Term Paper Paper #: 16890607

Finance

Any Asset Pricing Theory forms the basic foundation of finance theory, in that it deals with the value of any asset under unknown or uncertain circumstances. The relationship between an asset and its price is the mainstay of the asset pricing theory: the lower the price, the poorer the expected performance. The Arbitrage Pricing Theory derives from this theory. The basic idea in the APT theory is that any sort of risk in asset returns must not affect the pricing of the asset in any way; it must depend on the covariance of assets with the risk factors. (Bayesian Approach of the Arbitrage Pricing Theory) The APT originated from Stephen oss, 1976-1978. oss had used a statistical procedure for assets returns, with the belief that there are in existence no arbitrage probabilities. The APT must of necessity involve a lot of risk taking processes, (Definition of Arbitrage Pricing Theory.)…… [Read More]

References

An Introduction to Investment Theory" Retrieved at  http://viking.som.yale.edu/will/finman540/classnotes/class6.html . Accessed on 29 July, 2004

Bayesian Approach of the Arbitrage Pricing Theory" Retrieved at  http://64.233.167.104/search?q=cache:Sa6l536IAccessed  on 29 July, 2004

Capital Asset Pricing Model" Retrieved at  http://www.investorwords.com/698/Capital_Asset_Pricing_Model.html . Accessed on 29 July, 2004

Definition of Arbitrage Pricing Theory" Retrieved at  http://economics.about.com/cs/economicsglossary/g/apt.htm?terms=economic+theoryAccessed  on 29 July, 2004
View Full Essay

Finance Fundamentals of Finance Assuming

Words: 585 Length: 2 Pages Document Type: Term Paper Paper #: 92817226

"

3) a. If $1.25 represents a 40% dividend payout ratio, earnings per share are $3.13. A six percent return (the required return) would put future earnings at $3.32. ((3.32-3.13)*100)/3.13 = 6.07%

b. 40% (the dividend payout ratio) of $3.32 (future estimated earnings) is $1.33

c. The price of the stock cannot be calculated accurately with the information given, however if its is assumed that the earnings per share (currently $3.13 with dividends of $1.25 and a dividend payout ratio of 40%) represent the 20% return on equity, then the price is simply five times the earnings per share, or $15.65.

d. assuming the dividend payout ratio and return on equity remain constant at 40% and 20% throughout this period, a and the same relationship for the ROE and stock price, in the first year, a dividend of $2 means EPS increases to $5, translating to a stock price of…… [Read More]

View Full Essay

Finance Starbucks Is Engaged in the Quick

Words: 2234 Length: 8 Pages Document Type: Essay Paper #: 83822941

Finance

Starbucks is engaged in the quick service food industry, primarily focused on coffee and related snacks. The company has come under strong competitive and economic pressures recently, and this has impacted its performance. However, Starbucks has turned around its financial performance in the past year, which has restored investor confidence in the company.

Starbucks is both liquid and solvent. In the past year or so, they have improved their liquidity and solvency ratios. They added long-term debt to their balance sheet in 2007 but have not increased this debt since. The company's margins have slowly eroded over the past five years, mainly due to a decline in customer side pricing power as the result of competition from low price providers. Starbucks has also seen its efficiency erode, likely due to expanding into less-saturated markets around the world in search of growth. Overall, however, the company's financial performance has been…… [Read More]

Works Cited:

Allison, M. (2010). Starbucks tests new names for stores. Seattle Times. Retrieved October 24, 2010 from  http://seattletimes.nwsource.com/html/localnews/2009479123_starbucks16.html 

Groom, N. (2007). Starbucks shares hit 18-month low -- time to buy? Reuters. Retrieved October 24, 2010 from  http://www.reuters.com/article/idUSN1541189820070515 

MSN Moneycentral: SBUX. (2010). Retrieved October 24, 2010 from  http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=SBUX 

Starbucks 2005 Annual Report. Retrieved October 24, 2010 from http://library.corporate-ir.net/library/99/995/99518/items/178286/Annual_Report_2005_part2.pdf
View Full Essay

Finance Coca-Cola and Pepsi Are the World's

Words: 2407 Length: 8 Pages Document Type: Essay Paper #: 30589088

Finance

Coca-Cola and Pepsi are the world's two largest producers of non-alcoholic beverages. Both companies are global in scope, and market hundreds of different products. Each has multiple billion-dollar brands. Yet, there are significant differences between the two. Coca-Cola has typically focused on its soft drink businesses, while Pepsi has sought to build market size through diversification. Corporate restructuring has allowed Pepsi to divest itself of its restaurant businesses and its bottling business, leaving the company in recent years with a structure similar to that of its rival and a focus on the beverage and snack food industry. The intent of this paper is to analyze the two soft drink giants in the context of their finances. The financial performance of these companies derives from their business practices, so some attention will be paid to strategic issues in this report. The bulk of the report, however, will be focused on…… [Read More]

Works Cited:

MSN Moneycentral: Coca-Cola Company. (2010). Retrieved October 23, 2010 from  http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=KO&lstStatement=CashFlow&stmtView=Ann 

MSN Moneycentral: PepsiCo. (2010). Retrieved October 23, 2010 from  http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=PEP 

PepsiCo 2009 Annual Report. In possession of the author.

Coca-Cola Company 2009 Form 10-K. In possession of the author.
View Full Essay

Finance Management Accounting the Topic of Finance and

Words: 2385 Length: 8 Pages Document Type: Essay Paper #: 37607299

Finance/Management Accounting

The topic of finance and managerial accounting inclusively, are broad and incorporate a critical skill set in the modern day business student. Finance involves corporate and investment finance and managerial accounting is complimentary as it involves cost accounting and essentially stresses cost management. Together, these topics provide a comprehensive financial analysis skill set yielding capability in solving the day's most critical business financial quandaries. The literature review will seek to narrow down the literature and funnel the topic into the main financial analysis area.

According to Musvoto, (2011), "Studies in accounting measurement indicate the absence of empirical relational structures that should form the basis for accounting measurement. This suggests the lack of objectivity of accounting information. Landmarks in the development of finance theory indicate the use of accounting measurement information as a basis for their development. This indicates that subjective accounting information is incorporated in finance theory. Landmarks…… [Read More]

References

Allen, D. (1992). Financial management: The leading edge of management accountancy. Strategic Finance, 73(12), 53. Retrieved from  http://search.proquest.com/docview/229748882?accountid=13044 

Black, T., & Gallagher, L. (1999). Are physical capacity constraints relevant?: Applying finance-economics theory to a management accounting misconception. Australian Journal of Management, 24(2), 143. Retrieved from  http://search.proquest.com/docview/200627217?accountid=13044 

Brewer, P.C. (2008). Redefining management accounting. Strategic Finance, 89(9), 26. Retrieved from  http://search.proquest.com/docview/229763529?accountid=13044 

Coakley, J.R., & Brown, C.E. (2000). Artificial neural networks in accounting and finance: Modeling issues. Intelligent Systems in Accounting, Finance and Management, 9(2), 119. Retrieved from  http://search.proquest.com/docview/214368060?accountid=13044
View Full Essay

Finance & Management Skyline Corporation the Acid

Words: 1149 Length: 4 Pages Document Type: Essay Paper #: 50916638

Finance & Management

Skyline Corporation

The acid test, or quick, ratio adjusts current assets by removing less liquid assets, primarily inventories. It is expressed as coverage of so many times and is used to calculate working capital as the excess of current assets over current liabilities. By subtracting the inventories, or less liquid assets, it adjusts the assets to calculate for a truer working capital picture.

The current ratio measures short-term solvency, the extent current assets are sufficient to cover current liabilities. This ratio relates total current liabilities to cash, marketable securities, and receivables. If the current ratio is less than 1 and a competitor in the same industry is higher than 1, it shows that the company is carrying less inventory than its industry counterparts.

The inventory turnover ratio measures the liquidity of the inventory by calculating the number of times on average a company sells the inventory during…… [Read More]

View Full Essay

Finance Wal-Mart Would Probably Not Bother Merging

Words: 646 Length: 2 Pages Document Type: Case Study Paper #: 52152581

Finance

Wal-Mart would probably not bother merging with another retailer unless it was overseas, but would instead look to acquire a strategic partner with some of its other success factors, like logistics or information systems. A good example of such a company is Magellan Technology, a company specializing if FID technology, something that has been an important part of Wal-Mart's logistics strategy in recent years (Traub, 2012).

Wal-Mart has basically three options for such an acquisition -- equity, cash or a combination thereof. When purchasing a private company, Wal-Mart is more likely to use cash I would suspect, as that company's owners might not want to own stock in Wal-Mart. One of the big reasons is that Wal-Mart is so much larger than Magellan, and Magellan's former owners would probably not benefit much from ownership of Wal-Mart shares since their involvement with Magellan is not going to be a major…… [Read More]

References

Berfield, S. (2013). Where Wal-Mart isn't: Four countries the retailer can't conquer. Business Week. Retrieved January 20, 2014 from  http://www.businessweek.com/articles/2013-10-10/where-walmart-isnt-four-countries-the-retailer-cant-conquer 

Traub, T. (2012). Wal-Mart used technology to become supply chain leader. Arkansas Business. Retrieved January 20, 2014 from  http://www.arkansasbusiness.com/article/85508/wal-mart-used-technology-to-become-supply-chain-leader?page=all
View Full Essay

Finance Consumer Credit There Were

Words: 360 Length: 1 Pages Document Type: Term Paper Paper #: 2954395



It was also very interesting to note that many large suppliers may actually step in to help their troubled client. Again, this makes sense, especially if the client is a long-term business partner doing a major amount of business with the company. Saving a company actually makes sound financial sense in these cases, and uniting with a group of company creditors is also a good idea. It seems that for the most part, when a company runs into financial difficulties, if they are a viable and respectable company, there are resources available to help them regain their footing and continue business. This shows how important it is to always have excellent relationships with customers, no matter what business you engage in.

eferences

Brownstein, Howard and Edward Gavin. "When Bad Things Happen to Good Customers." Business Credit, June 2003, retrieved from ProQuest…… [Read More]

References

Brownstein, Howard and Edward Gavin. "When Bad Things Happen to Good Customers." Business Credit, June 2003, retrieved from ProQuest 27 June 2007.
View Full Essay

Finance Managing Exchange Rate Risk Can Be

Words: 1166 Length: 3 Pages Document Type: Term Paper Paper #: 48275278

Finance

Managing exchange rate risk can be a daunting task for many international firms attempting to expand overseas, acquire new companies, or simply manage its cash flows. Globalization has created a dynamic environment in which competition can arise to disrupt entire industries. Aspects such as technology, pharmaceuticals, banking, and automobiles have all experienced rapid change as a result of globalization and the competitive forces that underline it. As a result, companies, particularly smaller firms, have a higher propensity to experience volatile earnings overtime. Aspects that impact one sector of the globe can have a residual impact on other areas of the individual firm or industry. Managing exchange rates is therefore a viable option for firms to reduce volatility in earnings while subsequently managing its cash flows from operations. Below, is a 5 step program which could be implemented by a firm attempting to manage its exchange rate risk after an…… [Read More]

References

1. Jorion, Philippe (2009). Financial Risk Manager Handbook (5 ed.). John Wiley and Sons. p. 287. ISBN 978-0-470-47961-2.

2. Bartram, Sohnke M. (2006). "The Use of Options in Corporate Risk Management." Managerial Finance 32 (2): 160 -- 181
View Full Essay

Finances Critical Book Reviews America's

Words: 2634 Length: 10 Pages Document Type: Book Review Paper #: 79526987

Sorkin, however, posits no argument per se. ather, his book offers insight into how the financial crisis manifested from a far more personal perspective of those involved than anything else. The book is informative in nature, and give insight into some of the thought processes and activities those on the outside may not otherwise be exposed to or privy to. The title of the book sums it up best, and the book outlines how the banks and the primary players and stakeholders have become too big to fail. The book highlights the self-interest of those in charge of some of the biggest financial institutions in the world and their blatant disregard for Main Street.

The book has a place in the larger academic debates raised within public knowledge because it adds to the public's real knowledge of those involved in the nation's financial industry and government offices. Instead of speculating…… [Read More]

References

Cassidy, J. (2008). Anatomy of a meltdown, New Yorker, 84(39), 1-756.

Cherry, C. (1998). God's new Israel: Religious interpretations of American destiny.

UNC Press Books.

Cohan, W. (2010, Nov. 27). The power of failure. New York Times. Retrieves from www.thenewyorktimes.com.
View Full Essay

Finance Discuss Some of the Motivations Firms

Words: 1676 Length: 6 Pages Document Type: Research Paper Paper #: 66381050

Finance

Discuss some of the motivations firms have for setting up production facilities in other countries. Will the effect on the host country differ depending upon the motivation? Explain. Will the effect on the source country differ depending upon the motivation? Explain. What relationship might trade barriers (or the lack of trade barriers) have in determining a company's primary motivation for producing abroad?

The reasons for the foreign investment are high profit returns, and the rate of return is dependent upon the capital invested, the tax reductions and employees' fund. The foreign investment or production company is highly welcomed by the government because the company is expected to bring in foreign exchange. THz enhances the purchasing power of the country in international currency; thereby the nation has to rely minimum on loans and international borrowing.

The major motivation that the international investor has towards foreign investment is that cheap labor…… [Read More]

View Full Essay

Finance 1a Capital Structure Can

Words: 766 Length: 3 Pages Document Type: Essay Paper #: 56107349

5x -- 50,000

200,000 / 7.5 = 26,6667 units

1e) the ROE for the first scenario is 140,000 / (0.85*350,000) = 47%

the ROE for the second scenario is 140,000 / (0.65*350,000) = 61.5%

The difference is 61.5 -- 47 = 14.5%

1f) the dividend payout structure is going to be as follows. The taxable income will be as follows:

($200,000 * .35) = $70,000 of debt. The interest will be (70,000)(.105) = $7,350

So taxable income will be $200,000 -- 7350 = $192,650

Tax at 30% is $57,795

Thus, net income is $192,650 - $57,795 = $134,855

The equity needed for the capital budget is (.65)(150,000) = $97,500

The dividends are therefore calculated as $134,855 - $97,500 = $37,355

The payout is therefore $37,355 / $134,855 = 27.7%

2. a) the company faces some risks if it tightens the credit policy. It will reduce its accounts receivable if it…… [Read More]

View Full Essay

Finance Flexible Budget for Yum Brands Inc

Words: 953 Length: 2 Pages Document Type: Case Study Paper #: 68776041

Finance

Flexible Budget for Yum Brands Inc.

Flexible budgeting allows a firm to look at different potential scenarios, often this may be undertaken for an optimistic, pessimistic and most likely scenario. Firms will often undertake forecasting exercises; these may be based on complex approaches to assess likely demand, for example, considering past patterns of sales, the impact advertising they will have and other factors such as the influence of the economic climate, competition and social factors. However, forecasts are unlikely to be fully accurate, the development of a flexible budget allows the firm to look at different scenarios, and create a more flexible approach towards planning. This can be particularly important when the firm is planning for a longer period of time, such as a full financial year, this can be seen by preparing a flexible budget for a well-known company. Yum! Brands is a large corporation which develops, operates…… [Read More]

References

McDonalds, (2013), Shareholder Information, accessed  http://www.aboutmcdonalds.com/mcd/investors/shareholder_information.html  on 4th Jan 2014

Trading Economics, (2014), U.S. GDP Growth Rate, accessed http://www.tradingeconomics.com/united-states/gdp-growth on 4th Jan 2014 from Yum! Brands Inc., (2013), 10-k for 2012, Yum Brands Inc.

Yum! Brands Inc., (2011), 10-k for 2010, Yum Brands Inc.
View Full Essay

Finance Financial Assessment of Supervalu

Words: 3480 Length: 12 Pages Document Type: Research Paper Paper #: 94897314

Since 2010 the organization has demonstrated a decline in revenue of 11.08%. However, one would expect some decline as a result of the divestments took place in 2011.

The gross profit for the year ending 2012 was $8,019, which equates to a gross profit margin of 22.21%. However, the operating profit demonstrated a loss of $519, hindered by high ongoing Goodwin and intangible asset charges. However, was a lower operating loss compared to the operating loss in 2011 when it was $976.

The income statement shows the net earnings. In financial ***** earnings may be presented either before or after tax. As Supervalu are struggling and benefited from a negative tax payment in 2011, this report will use the definition of net earnings being earnings after tax. Calculated after provisions for income tax, showed a loss of $1,040, equating to -2.88%. However, it is notable that this is an improvement…… [Read More]

View Full Essay

Finance an Investor Choosing Between Two Different

Words: 3444 Length: 11 Pages Document Type: Essay Paper #: 19936063

Finance

An investor choosing between two different companies must undertake several steps in order to determine the best investment. In addition to understanding the industry of the company from a strategic perspective, a thorough financial analysis should be conducted. The strategic analysis will help to understand the underlying trends of the financial assessment. The financial analysis should include a ratio analysis, and should focus on the key areas of liquidity, solvency, leverage and profitability. In addition, the performance of the company's equity should be analyzed, particularly in relation to the company's financial performance. This will help to determine if the current share price is good value. This report will analyze two different companies -- Marks & Spencer and Tullow Oil -- using these criteria. There will also be a brief corporate social reporting analysis.

Marks & Spencer Overview

M&S is a department store retailer based in the UK, but operating…… [Read More]

Works Cited:

Marks & Spencer 2010 Annual Report. Retrieved February 11, 2011 from http://annualreport.marksandspencer.com/overview/about-us.aspx

Yahoo! Finance: Marks & Spencer. Retrieved February 11, 2011 from  http://finance.yahoo.com /q/bs?s=MKS.L+Balance+Sheet&annual

TullowOil.com. (2011). Retrieved February 11, 2011 from  http://www.tullowoil.com 

Yahoo! Finance: Tullow Oil. Retrieved February 11, 2011 from
View Full Essay

Finance in Biotech I Agree

Words: 1165 Length: 3 Pages Document Type: Thesis Paper #: 3723661



3. James Flanigan's article "Biotech Tries to Shrug off Setbacks," from the New York Times and found here: http://www.nytimes.com/2009/09/17/business/smallbusiness/17edge.html?_r=1 outlines the difficulties that biotech firms have had recently with respect to securing financing. The investment climate is different for several reasons. The first is that the traditional providers of venture capital to biotechs have seen their asset values plummet along with the stock market. As a result, industry insiders are pessimistic with respect to the availability of venture capital in the coming years. The remainder of the article explains that despite the gloomy outlook, there are players in the industry that are optimistic, in part because they perceive the industry as sufficiently strong to attract capital even in a tight VC environment.

The article's guardedly optimistic finish leaves the question unanswered as to the consequences of the current sluggish VC environment being sustained for the next several years. This is…… [Read More]

View Full Essay

Finance Management Engagement Overview Louis

Words: 1304 Length: 5 Pages Document Type: Term Paper Paper #: 53019026

The guiding hand of Palamon could add eal value hee, inceasing the oppotunities fo gowth.

Moeove, the apid pace of technological change the industy is facing povides stong gowth oppotunities. Should TeamSystem be poactive and take a leading ole in the adoption of new technologies, they can steal maket shae fom slowe competitos. That they need to do an ovehaul on many of thei pogams to bing them to moden platfoms seems like a geat time to move diectly into a leadeship position - the money will be spent anyway.

Thee ae stong oppotunities fo exit. If TeamSystem can capitalize on oppotunities fo gowth, they can position themselves fo eithe a sale o an IPO. In tems of an IPO, TeamSystem is expected to show steady gowth. The maket is kept elatively closed by the complexity of the Italian taxation system. Futhemoe, the company has a stong leade.

The oppotunity…… [Read More]

references. I would start the bidding a few million euros lower - or make very aggressive growth plans based on technological leadership and leveraging the competitive advantage of having access to capital markets.
View Full Essay

Finance Over the Last

Words: 1794 Length: 5 Pages Document Type: Research Paper Paper #: 70414681



Net Income

Year

Net Income

2008

$964 million

2009

$1.0 billion

2010

$1.1 billion

("On the Ground Floor of Global Growth," 2010)

The average rate growth in net income is 6.5%. The below table is illustrating the different projections over the next three years.

Net Income Estimates

Year

Net Income

2011

$1.17 billion

2012

$1.87 billion

2013

$1.99 billion

("On the Ground Floor of Global Growth," 2010)

These figures are highlighting how the net income will be consistently increasing between 2011 and 2013.

Earnings Per Share

Year

EPS

2008

1.91

2009

2.17

2010

2.53

("Yum rands," 2010) ("On the Ground Floor of Global Growth," 2010)

The average rate of growth for the EPS is 15.05%. The below table is: showing how these numbers are expected to increase in the future.

Earnings Per Share Estimates

Year

EPS

2011

$2.78

2012

$3.19

2013

$3.67

("On the Ground Floor of Global Growth," 2010)…… [Read More]

Bibliography

2010 Annual Report. (2010). Yum Brands. Retrieved from:  http://www.yum.com/annualreport/ 

Fundamental Analysis. (2011). Investopedia. Retrieved from:  http://www.investopedia.com/terms/f/fundamentalanalysis.asp 

On the Ground Floor of Global Growth. (2011). Yum Brands. Retrieved from:
View Full Essay

Finance Stock Comparison Nvr and

Words: 441 Length: 2 Pages Document Type: Term Paper Paper #: 13670585

This company is well positioned to capitalize on the growing population of older Americans whose children have moved out and are in search of more efficient and cost-effective homes. Like the business model adopted by NVR, Toll also takes advantage of efficiencies in its value chain by developing its properties on land that the company has either acquired and/or developed.

For the 5-year period ended October 31, 2004, Toll had completed 24,271 homes in 456 communities, including 6,627 homes from 273 communities during the fiscal year ended October 31, 2004 (Toll 2).

Toll also operates its own land development, architectural, engineering, mortgage, title, security monitoring, landscape, cable television, broadband Internet access, lumber distribution, house component assembly and manufacturing operations, as well as owning and operating golf courses and country clubs in connection with a number of the company's master planned communities (Toll 3). hile Toll's stock performance cannot compare with…… [Read More]

Works Cited

NVR, Inc. (2005). Yahoo! Finance. Retrieved February 18, 2005 at  http://finance.yahoo.com /q?s=TOL" target="_blank" REL="NOFOLLOW">
View Full Essay

Finance P9-13 Leverage Net EPS P E

Words: 575 Length: 2 Pages Document Type: Other Paper #: 60104514

Finance

P9-13

Leverage

net EPS

P/E

% Earnings Retained

Div Payout

Div Yield

BV/share

Materiality of options

There was no book value data provide for 2008 & 2007. No data was provided on options expense, so materiality of options could not be calculated. From the perspective of an investor, this company appears to have fairly low leverage, trades at a low multiple, has a very stable business value and pays out most of its earnings as dividends, so you are buying the NPV of future dividends and should have relatively little expectation of capital gains. Like a lot of companies, it took a hit in 2009 and has been building up to normal operating levels ever since.

Case 9-4.

Case 9-4

2010

2009

Leverage

P/E

% Earnings Retained

Dividend yield

Common Stock Auth

Common Stock Issued

7585764

7582347

Treasury Stock

2525174

2482233

Common Stock out

5060590

5100114

BV/Share

$23.73

$22.43…… [Read More]

View Full Essay

Finance Intellectual Property Has Become

Words: 685 Length: 2 Pages Document Type: Research Paper Paper #: 94892811



Yet, it is difficult to quantify the true value of intellectual property. In theory, the value of intellectual property derives from the degree to which the firm can convert that property into wealth. In some cases -- pharmaceutical patents, for example -- this can be relatively easy to calculate. In other cases -- the good vibes consumers get from seeing the Geico gecko -- quantification becomes more challenging. Yet that gecko character does have value for the insurance company, and if the character was licensed to another firm there would be a high cost attached. Kossovsky (2002) proposed a valuation method for IP loosely based on the Black-Scholes model of option pricing, and the FASB has also issued guidelines with respect to IP valuation. Yet in practice, valuing IP remains one of accounting's dark arts.

Prior to the mid-1990s, there was little consideration for the value of intellectual property. Firms…… [Read More]

Works Cited:

Bettiol, M. (2010). HP CEO says he didn't buy Palm for smartphones. BGR. Retrieved April 9, 2011 from  http://www.bgr.com/2010/06/02/hp-ceo-says-he-didnt-buy-palm-for-smartphones/ 

Kossovsky, N. (2002). Fair value of intellectual property: An options-based valuation of nearly 8000 intellectual property assets. Journal of Intellectual Capital. Vol. 3 (1) 62-70.

Rivette, K. & Kline, D. (2000). Discovering new value in intellectual property. Harvard Business Review. Jan-Feb 2000, pp. 54-66.
View Full Essay

Finance Portfolio FedEx Corporation NYSE

Words: 3995 Length: 15 Pages Document Type: Thesis Paper #: 62871570

Target's chart, however, shows that the company has tracked the market and GDP fairly closely, indicating that perhaps it does not trade the way a discount retailer should.

Johnson & Johnson

JNJ is a pharmaceutical and consumer products company. It competes in pharmaceuticals, consumer products in the health and beauty segment and in medical devices. The company was founded in 1886 and today is a multinational conglomerate with operations in 57 countries and with approximately 250 subsidiaries.

To a certain extent, JNJ's product line is price inelastic. Pharmaceutical demand is tied to overall consumer demand and the state of the economy, but not to the same extent that many other consumer products are. As a result, JNJ would be expected to have less significant swings in its stock price relative to the GDP, other macroeconomic indicators, or the Dow Jones. The stock, however, has traded roughly in line with the…… [Read More]

Works Cited:

Yahoo! Finance, various pages. (2009). Retrieved November 25, 2009 from  http://finance.yahoo.com 

Federal Reserve. (2009). Money Stock Measures. Federal Reserve. Retrieved November 25, 2009 from  http://www.federalreserve.gov/releases/h6/Current/ 

Bureau of Economic Analysis. (2009). National Economic Accounts. BEA. Retrieved November 25, 2009 from  http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm 

Bureau of Labor Statistics. (2009). Employment Situation Summary. BLS. Retrieved November 25, 2009 from
View Full Essay

Finance - Automated Trading Systems

Words: 2104 Length: 8 Pages Document Type: Thesis Paper #: 45737185

The algorithm can be your market eyes. it's effectively a trading assistant - a very diligent trading assistant... The downside is that it is also a very obedient trading assistant, so if you tell it to do something it might not have the intuition or the ability to veto you... obviously there are checks and balances to prevent anything bad from happening, but you do hear stories about people putting an order in with the wrong instruction, it moved the stock 10 per cent and then you get a call from the regulator" (Dey, 2006) in 2007, the Economist attributed a financially significant "wobble" suffered by the New York Stock Exchange on February 27, 2007 to the ad hoc combination of increasing capacity by adding more scalable hardware to a system that still relies substantially on floor-based trading, yielding a "hybrid" system with significant vulnerabilities. According to that journal, the…… [Read More]

References

Curran, R. (2008). Watch Out for Sharks in Dark Pools: Anonymity on Alternative Electronic Stock Exchanges Can Provide Cover to 'Gamers' Hunting for Big Prey

Dey, I. (2006) Black Box Traders Are on the March.

Duhigg, C. (2006) Artificial Intelligence Applied Heavily to Picking Stocks

The Economist (2007) Dodgy tickers: Accurate information can make -- or break -- exchanges.
View Full Essay

Finance Cash Rebates Cash Rebates

Words: 324 Length: 1 Pages Document Type: Term Paper Paper #: 21194557

An even less ethical practice is the idea of cash rebate credit cards, where consumers are encouraged to charge in exchange for rebates on their purchases -- this surely encourages the habit of spending plastic money rather than paper money, and thus facilitates a debt culture.

Even from a company's marketing and advertising point-of-view, cash rebates can appear to be a desperate measure, as when Ford recently offered a misguided $1,000 rebate on its new line of trucks. (Reuters, 2003) Instead of garnering new sales and praise, this effort only drew attention to Ford's persistent reliance on high-fuel use cars, causing industry analysts to question how much profit Ford could get from its trucks given higher assembly costs and cutthroat competition in the U.S. market.

orks Cited

Reuters. (5 Dec 2003) "Ford puts Cash Rebate on New Pickup." USA Today. Retrieved 17 Apr 2005 http://www.usatoday.com/money/autos/2003-12-05-f150_x.htm… [Read More]

Works Cited

Reuters. (5 Dec 2003) "Ford puts Cash Rebate on New Pickup." USA Today. Retrieved 17 Apr 2005  http://www.usatoday.com/money/autos/2003-12-05-f150_x.htm
View Full Essay

Finance Changes in Financial Reporting

Words: 1731 Length: 6 Pages Document Type: Thesis Paper #: 79333598

Bush, who declared that corporations which jeopardized the investments and jobs of millions of individuals should pay their dues. The United States Senate and the House of epresentatives also became involved and proposed numerous modifications.

The pillar of the changes occurred in financial reporting after the accounting scandals is based on increased transparency and more support in conducting audit operations. The XBL system for instance will allow the Securities and Exchange Commission to conduct analyses in a more efficient manner. All efforts to improve the financial reporting system have been condensed into the Sarbanes-Oxley Act. It represents the most important regulatory act of the past 70 years and it is applicable all around the world; it addresses issues that refer to all players in the corporate reporting chain.

eferences

Bautista, L.., 2004, Implications and Effects of Sarbanes-Oxley Act, Securities and Exchange Commission, etrieved at http://www.adbi.org/conf-seminar-papers/2006/03/30/1739.implications.effects.sarbanesoxley/onMarch 13, 2009

Cooper, C., 2007,…… [Read More]

References

Bautista, L.R., 2004, Implications and Effects of Sarbanes-Oxley Act, Securities and Exchange Commission, Retrieved at  http://www.adbi.org/conf-seminar-papers/2006/03/30/1739.implications.effects.sarbanesoxley/onMarch  13, 2009

Cooper, C., 2007, Extraordinary Circumstances: The Journey of a Corporate Whistleblower, John Wiley and Sons

Lee, H., Effects of Sarbanes-Oxley Act of 2002 and SEC Final Rulings on Auditor Independence, SUNY Institute of Technology, Retrieved at http://www.sba.muohio.edu/abas/2003/vancouver/lee_auditor%20independence.pdfonMarch 13, 2009

Malpass, a., June 2, 2002, hp_:I/help animals.net/news artic/91719, Quoted by Hannon
View Full Essay

Finance the Market for Wireless

Words: 909 Length: 2 Pages Document Type: Essay Paper #: 79396235

Therefore, while pricing strategies are different, most firms are seeking to differentiate themselves with features they believe will attract their target market, and the pricing reflecting the target market.

Question 2

If a firm such as Samsung wishes to reduce costs there are a number of approaches which may be utilized. Most manufacturers are already using outsourcing for manufacturing either the handsets or some of the components. Costs are often saved by going to firms in countries where there is the ability to makes gains of comparative advantages, especially in areas where wages and overheads are lower. China is particularly well-known as a manufacturing base, but to save costs it would be possible to move to even lower cost countries, such as the African states where there is a lower level of economic development. However, this may also have costs, as the staff may not be as skills and quality…… [Read More]

References

Gartner, (2012, February), Gartner Says Worldwide Mobile Phone Sales Declined 1.7% in 2012, Garner, [online] retrieved 21st Feb 2012 from  http://www.gartner.com/newsroom/id/2335616 

Kotler Philip; Keller Kevin, (2011), Marketing Management, Prentice Hall

Nellis JG, Parker D, (2006), Principles of the Business Economics, London, Prentice Hall
View Full Essay

Behavioral Finance Human Interaction a Study of the Decision-Making Processes Impacting Financial Markets Information Processing

Words: 22258 Length: 81 Pages Document Type: Term Paper Paper #: 76441446

ehavioral Finance and Human Interaction a Study of the Decision-Making

Processes Impacting Financial Markets

Understanding the Stock Market

Contrasting Financial Theories

Flaws of the Efficient Market Hypothesis

Financial ubbles and Chaos

The stock market's dominant theory, the efficient market hypothesis (EMH) has been greatly criticized recently for its failure to account for human errors, heuristic bias, use of misinformation, psychological tendencies, in determining future expected performance and obtainable profits.

Existing evidence indicates that past confidence in the EMH may have been misdirected, as the theory's models do not show a thorough understanding of trading operations in a realistic light.

Researchers have suggested that a variety of anomalies and inconsistent historical results demand that traditional financial theories, namely the EMH, be reconstructed to include human interaction as a key decision-making process that directly affects the performance of financial markets.

This research paper aims to determine whether or not there is a…… [Read More]

Bibliography

Barrett, Larry. (January, 2001). Emotional investing a recipe for disaster. CNET News.com.

Bernstein, Peter. (1998). Against the Gods: The Remarkable Story of Risk. New York, NY: John Wiley & Sons.

Brennan, Phil. (March 12, 2002) The Great Stock Market Scam. NewsMax.com.

Business Week. (September 29, 1997) The Perils of Investing Too Close to Home.
View Full Essay

Finance Such as Present Value

Words: 2876 Length: 10 Pages Document Type: Term Paper Paper #: 28062634

This in turn gives the financial professional better idea of the stock's risk behavior.

The equation used in this security market line relationship is as follows:

Mathis, CAPM, par. 3)

The measure of systematic risk is considered Beta or bi while E[Ri] is equal to the expected return on asset I and Rf is the risk-free rate. E[Rm] is the expected return on the market portfolio and E[Rm] - Rf is the market risk premium for the stock. Once the Beta is known then the risk and rate of return can be found.

APT is different because not only can forecast for the long-term, it can also work for the short-term scenario. This fact makes it the better of the two theories because it gives the financial professional more tools to assess risk and the rate of return. APT does this by using a model that captures all the data.…… [Read More]

Works Cited

Anonymous. "Risk and Return." The Economist (1991): 1-2.

APT: Risk Models and Portfolio Analytics. 22 Dec 2004 http://www.apt.com/..

Capital budgeting needs vision." Business Line. Islamabad: Jul 21, 2003. pg. 1.

Johnson and Johnson Financial Summary. Yahoo Finance. 22 Dec. 2004  http://finance.yahoo.com /q?s=JNJ&d=t..
View Full Essay

Finance it Is With Great

Words: 889 Length: 3 Pages Document Type: Admission Essay Paper #: 9678386

Stories detailing the rise and fall of the Egyptians, the Roman Empire and other great nations proved mesmerizing and intriguing.

My interests in other areas have also been diversified; I have pursued many adventures, participated as president of many clubs, and won many competitions in music, sports, dance and more. My strength has always been academics however. During high school I was presented the unique opportunity to come to the United States and continue my education. It was here that I decided to study history initially. Though my parents pressured me to study finance or business, I found such work tedious at least initially. I did however entertain my parents and begin taking more classes in finance. This was probably the best decision I have ever made and helped create the professional I am today.

The more I learned the more I came to understand that finance was more than…… [Read More]

View Full Essay

Finance The Business Case Is a Living

Words: 2912 Length: 9 Pages Document Type: Essay Paper #: 38402683

Finance:

The business case is a living document that drives program activity in light of the changes in the business' external environment and lessons from the program scope. These factors are used in preparing the business case to ensure that the program is and will continue to be viable, desirable, and achievable. Therefore, the main goal of the business case is to direct program activity towards the ultimate realization of the vision and to provide mechanisms from periodic evaluation of several aspects of the program. These evaluations provide information on whether the program should progress to the next stage, be suspended until further review is carried out, or be terminated. This implies that the development of the business case is an important practice in promoting the success and effectiveness of the business. It's a process that should not be taken lightly but accorded the necessary consideration and attention it deserves.…… [Read More]

References:

Aldershot, GB 2006, 'The business case', in Benefit realization management: a practical guide for achieving benefits through change, Gower, Burlington, England, pp.201-210.

FAB Project Management, 2013, Borlein Region Health Service Upgrade: A Proposal to the State Government, Borlein Health 2020.

Forbes, IFW 2013, Case Study, The Borlein Local Health District: A Case Study for Strategic

Planning.
View Full Essay

Industry With Which I Have

Words: 3675 Length: 10 Pages Document Type: Term Paper Paper #: 28198741

I think that proper networking and research on who is making quality products, and finding a vendor with a good track record of customer satisfaction would be crucial in getting a positive consumer reaction.

Networking

Networking is invaluable when you do not miss opportunities that are available just from people talking about your product. Some of the smaller stores are involved in fairs and events where products can be introduced to the public without the burden of larger brand name competition.

Additionally, my variety of personal strengths will help me succeed when I launch my new business. I am not intimidated by the possibility that my business might fail. I know that I will work very hard to make my business successful, and if the business is not successful, I will know that I would have done everything possible to make the business succeed.

I am not afraid or intimidated…… [Read More]

Bibliography

The Body Shop. (2004) Where we come from. Retrieved October 2, 2004, from: http://bodyshopinternational.com/web/tbsgl/about_where.jsp

Bath & Body Works, Inc. (nd). Retrieved October 2, 2004, from: http://www.hoovers.com/bath-&-body-works/--ID__104462 -- /free-co- factsheet.xhtml

Biesada, a. (2004) Hoovers Online. The Body Shop International PLC.

Retrieved
View Full Essay

Finance and Reimbursement Has Been

Words: 976 Length: 3 Pages Document Type: Case Study Paper #: 50619054

(McLaughlin, 2006, pp. 600 -- 610)

Greater amounts of coordination, is when you are working on: improving relations with the community and outside donors. This will allow the hospital to be able to have increased access to additional sources of funding (i.e. foundations and wealthy individuals). They could help to: refocus the kinds of treatment options that are delivered at the facility and the culture inside the organization itself. Once this occurs, it means that the overall quality of care that patients are receiving will increase dramatically. If these different resources can be used as a part of the financing and reimbursement strategy; this will help to address the long-term challenges facing the facility. (McLaughlin, 2006, pp. 600 -- 610)

How will the effectiveness (success) of your plan be measured?

The effectiveness of our plan will be measured using two different types of tools to include: surveys and outside consultants.…… [Read More]

Bibliography

Costs of Your Health Plan. (2010). CNN. Retrieved from:  http://money.cnn.com/2010/10/20/pf/rising_health_care_costs.moneymag/index.htm 

Patient Satisfaction Surveys. (2011). Info Serve. Retrieved from:  http://www.infosurv.com/patient-satisfaction-survey/ 

McLaughlin, C. (2006). Continuous Quality Improvement. Sudbury, MA: Jones and Bartlett.
View Full Essay

Industry in America Are a Varied Lot

Words: 647 Length: 2 Pages Document Type: Application Essay Paper #: 63548229

industry in America are a varied lot, ranging from self-righteous and mean-spirited individualists to community-minded altruists. The tensions among these capitalist types is as evident today as it was in the days when Ayn Rand first penned The Fountainhead. Since Rand was a Russian immigrant, it is not particularly surprising that her experiences with socialist and communist societies colored her perspective of capitalism, to a degree reminiscent of a defensive reaction formation. The protagonists in the film Atlas Shrugged engage in a capital strike that is intended to bring the economy to a standstill in order to emphasize the rightness and importance of laissez-faire capitalism. The decline of the transcontinental railway stands in for the future of America if it practices communism and upholds the values of moral relativism. The fundamental tenant of these industrialists was that they were entitled to function according to a natural order that encouraged individuals…… [Read More]

View Full Essay

Finance and Financial Entrepreneurship The Basis of

Words: 11684 Length: 34 Pages Document Type: Term Paper Paper #: 49018616

finance and financial entrepreneurship. The basis of the article is on a discussion that was held on this subject among four leading lights of financial entrepreneurship in the United States - Michael Milken, Lewis Ranieri, Richard Sandor and Myron Scholes. These people are famous in their own right and have had a sizeable role in financial entrepreneurship in the U.S. over the last 20 years. We have first discussed their achievements to get a clear idea about their personal achievements. This would certainly give a clear idea of what is possible in the U.S. today. They are of course interesting characters and one has to remember that the ideal entrepreneur of the 21st century cannot be thought of as an updated version of Henry Ford. After the discussion of the people, the meeting and the discussions held there are summarized. ased on the total information collected, we have come to…… [Read More]

Bibliography

Altman, E.I., ed. The High-Yield Debt Market: Investment Performance and Economic Impact, 41-57. 1990.

Atkinson, T.R. Trends in Corporate Bond Quality. Hardingson, 1967.

Goodfriend, Marvin; Parthemos; James, Summers, Bruce J. Recent financial innovations: courses, consequences for the payments system, and implications for monetary control, Economic Review, March 14-27, 1980

Schneider, S.H. Laboratory Earth: The Planetary Gamble We Can't Afford to Lose. Basic Books New York, NY. 1997.
View Full Essay

Industry Is Accused of Being

Words: 865 Length: 3 Pages Document Type: Term Paper Paper #: 5206999

).

In assessing which of these models of a market would be most beneficial to the interest of a business, the most obvious choice is a pure monopoly. Although this model does not necessarily provide the best option for operations in terms of many aspects regarding society as a whole, in terms of business sense, it is the most beneficial and profitable model for a firm to operate in. As a business owner, if the product or service provided by a firm does not face competition from any other firm, the costs of providing the product can be lowered, supply can be determined at the full discretion of the firm, and pricing can also be fully left up to the firm.

Additionally, in some industries, a pure monopoly serves the purpose of providing stability and uniform standards. The Microsoft case is one in which this is a strong argument, as…… [Read More]

Works Cited

Bloch, David (1996) "The Salt Monopoly in France," published online at http://salt.org.il/frame_econ.html. Accessed 5/20/06.

Boardman, Anthony E., and Aidan R. Vining (1989) "Ownership and Performance in Competitive Environments." Journal of Law and Economics 32 (April 1989): 1-34.

Cusumano, Michael, and Richard W. Selby (1995). Microsoft Secrets: How the World's Most Powerful Software Company Creates Technology, Shapes Markets and Manages People. Free Press.

Mankiw, Gregory (2003). Principles of Economics 3rd edition. Mason, OH: Thomson Higher Education.
View Full Essay

Industry-Specific Accounting and Finance

Words: 639 Length: 2 Pages Document Type: Term Paper Paper #: 43011395

nature of a firm's business and its environment are big factors in determining what the firm's financial statements look like."

Industries vary wildly in terms of how they account for profits, losses, depreciation of assets, and other critical components that affect the appearance of their financial statements. Some industries are more apt to operate on credit on a regular basis than others; some industries make the bulk of their profits on a seasonal basis (such as retailers which make most of their money at Christmas) or have profits which vary markedly from year to year. For example, a pharmaceutical company may experience a notable drop in revenue when one of its most popular drugs loses its patent; it may gain sharp windfall that lasts for a fixed period of time while it can exclusively profit from a new drug. Some industries are extremely risky to invest in because of innate…… [Read More]

View Full Essay

Finance and Accounting

Words: 1670 Length: 6 Pages Document Type: Term Paper Paper #: 3703958

business strategy commonly refereed to as Just-in-Time has become more and more dominant in many aspects of business. Corporations like Hewlett-Packard have begun to use the system to improve efficiency and customer service. Although the system has been criticized as a lofty idea or a theory rather than an attainable business practice, the company that have implemented the idea have profited form it. Moving ideas from boardrooms and ivory towers to the sales floors and manufacturing plants can be a tricky task. The growing popularity of Just-In-Time in theory and in practice demonstrates how these difficulties can be overcome when new business ideas are brought to bear upon business practice. There are several hindrances to the implementation of new ideas. The time and money it takes to develop a new idea is certainly one difficulty in implementing new ideas.

Another hindrance to implementing new ideas is the mentality of old-guard…… [Read More]

Bibliography

Barkow, Tim, "What's a Business Plan? http://www.webreview.com,2001

Herbert, Jay, "Where Have all the Smiles Gone?" Industrial Distribution Vol 90, No 11, 2001, p F5

Improving the Workforce Performance." Global News Wire. February 28, 2002.

JIT http://www.Intranet.Management.mcgill.ca.
View Full Essay

Principals of Finance

Words: 1142 Length: 4 Pages Document Type: Term Paper Paper #: 92153293

Finance

The financial manager of a firm deals specifically with the acquisition, financing, and management of assets with the overall financial security and profitability of the firm as his goal. Decisions concerning what are the best types of financing, the best financing mix; the appropriate dividend policy and how the funds will be physically acquired are all the responsibility of the financial manager. The financial manager has different degrees of operating responsibility over the firm's assets with a greater emphasis on current asset management rather than fixed asset management.

Responsibilities of the financial manager also include capital budgeting, cash management, credit management, dividend disbursement, financial analysis and planning, pension management, insurance/risk management, and tax analysis and planning through cost accounting, cost management, governmental reporting, internal control, the preparation of financial statements, and preparing budgets and financial forecasts.

The overall goal of the firm is the maximization of shareholder wealth and…… [Read More]

View Full Essay

Financial Investment Finance

Words: 818 Length: 2 Pages Document Type: Term Paper Paper #: 83000087

Finance: Financial Investment

Finance

Today's investment environment is more dynamic than it was a decade ago. This is particularly the case given that today's global economy is much more complex. Further, with information moving faster than it used to, the ripple effects of events happening in any given place are often felt in far away economies. Essentially, some of the challenges investors encountered a decade or so ago are not the same ones they encounter today. One of the key challenges in today's investment environments is sluggish global economic growth. As Connolly (2014) points out, although the trend could be changing (going by recent performance), "the U.S. economic growth rate has been relatively sluggish." Slow rate of economic growth causes significant uncertainty which is not ideal for investment. Next, it is also important to note that the volatility of equity markets has been rather extreme in the recent past. This…… [Read More]

References

Connolly, M. (2014). The Stock Market in 2014: Up, but Volatile. Retrieved from www.nhbr.com/The-stock-market-in-2014-up-but-volatile/

Gold, M. (2011). Fiduciary Finance: Investment Funds and the Crisis in Financial Markets. Massachusetts: Edward Elgar Publishing.

MSN. (2014). Apple Inc. (NASADAQ: AAPL). Retrieved from  http://investing.money.msn.com/investments/stock-ratings/?symbol=AAPL
View Full Essay

Health Care Finance

Words: 852 Length: 2 Pages Document Type: Essay Paper #: 39976149

Finance

Describe the following 4 types of costs:

Fixed- fixed costs are business costs, that are constant given a certain level of production

Variable- variable costs are cost that vary as output increases or decreases

Semivariable- an expense that contains a fixed component and a variable component.

Semifixed- costs that are constant within a defined level of activity but that can increase or decrease when activity reaches upper and lower levels

Dynamic Medical Suppliers, Inc. has sales of $300,000 for the calendar year of 2010. Its total variable costs equal $107,700. Calculate the contribution margin ratio, and determine whether it presents profit or loss to the organization

CM Margin Ratio= Contribution Margin/Sales

Sales of $300,000- Variable costs of $107,700= $192,300 Contibution Margin

$192,300/$300,000= 64.1%

Profit= ($300,000 x .641)- $115,000= Profit of $77,000 to the organization

You create the schedule for the nursing staff in the pediatric intensive-care unit. Your daily…… [Read More]

View Full Essay

Pepsi and Coke Finance

Words: 563 Length: 2 Pages Document Type: Paper #: 57840808

Finance Project

atio

KO

PEP

Current atio

OA

OE

Debt atio

Fixed Asset Turn

Dividend Payout

P/E* as of today

There is little to choose from, between Coca-Cola and PepsiCo, based on the cash flow indicator and the investment valuation ratios. The cash flow indicator is the dividend payout ratio, and these companies are quite similar. Pepsi's is a tiny bit higher, but not higher in a significant way. Likewise, the P/E for these companies is in the same range. Coca-Cola's is the higher of the two. Both of these companies are in the same mature business, where there is limited growth upside. Thus, investors are likely looking for stability in either one. The both have roughly the same financial and investment characteristics. The primary differentiating factor is that the market has priced Coke a bit higher. Whether this means that Coke is trading high and will regress to the…… [Read More]

References

Coca-Cola 2012 Form 10K

PepsiCo 2012 Form 10K
View Full Essay

Equity Analysis the Industry That

Words: 922 Length: 3 Pages Document Type: Term Paper Paper #: 51395600

The firm's balance sheet, however, is very healthy, with great liquidity and no long-term debt.

The fourth largest company in the industry by market cap is Builders FirstSource. This company has a stock price of $5.31. It has no P/E, since it is losing money. The company is focused on products for residential construction in the southern and eastern states, so the housing recovery needs to be in those regions for this company to benefit. The consistent losing of money, however, makes this company a risky investment, as does the high level of long-term debt. The beta is 2.3, which is highly volatile.

The fifth-largest company by market cap is Orchard Supply Hardware Stores, which is a California-based competitor to Home Depot and Lowe's. Its stock is priced at $10.11. The company lost $8.08 per share last year and is on a downward trend in revenue, gross income, operating income…… [Read More]

Works Cited:

No author. (2012). How to value stocks. Motley Fool. Retrieved November 11, 2012 from  http://www.fool.com/investing/beginning/how-to-value-stocks.aspx 

No author. (2012). Stock-picking strategies: Introduction. Investopedia. Retrieved November 11, 2012 from  http://www.investopedia.com/university/stockpicking/#axzz2Btw9KNL9 

Skariachan, D. (2012). Permanent fix of U.S. housing to take time: Home Depot CEO. Reuters. Retrieved November 11, 2012 from  http://www.reuters.com/article/2012/10/11/us-homedepot-ceo-plans-idUSBRE89A1M420121011 

Yahoo! Finance. (2012). Home improvement stores. Retrieved November 11, 2012 from  http://biz.yahoo.com/ic/736.html
View Full Essay

Master's Degree in Finance From MIT Sloan

Words: 933 Length: 3 Pages Document Type: Application Essay Paper #: 62993004

Master's degree in Finance from MIT Sloan. I have embarked on a number of high-level internships that have given me significant financial industry experience. This has been built on a foundation that includes a high-quality undergraduate education, along with several years of working experience.

In terms of competencies, I have the necessary mathematical skills in order to excel in the Finance program. I achieved my B.Sc. In mathematics at Bogazici University in Istanbul, which is one of the top universities in Turkey. I know that advanced-level finance requires not only mathematics but also extensive work with computer software, and I have built my skills in that area as well. Additionally, I have worked to become a talented writer, able to express my ideas with clarity and concision.

One of my greatest strengths is in leadership. I have worked to build my leadership skills as well over the past few years.…… [Read More]

View Full Essay

Project Financing International Project Finance

Words: 5068 Length: 15 Pages Document Type: Essay Paper #: 52297291

This can subsequently result as the massive benefits to the commercial contestants devoid of the incurring of the extra cost that pertaining to such commercial participants. The participation of the export credit agencies accompanied by the existing multilateral developments institutions normally results to the lofty stage of the ecological, employment and other supplementary social standards, which are extremely expensive and cumbersome to, accomplished.

The application these existing social standards are normally highly significant to these multilateral institutions concerning the outline policy perspectives accompanied by the chief structures and the existing projects.

These policies perspectives and the chief aims enhance the best practice that pertains to the execution of communications and the whole projects. Numerous leading private sponsors and the existing commercial lenders have finally commenced the process of incorporating of these standards. These standards include the equator principles and the other existing ecological requirements that are aimed at safeguarding of…… [Read More]

Work cited

Al-Jassar Ahmed & Massachusetts institute of technology. 2005. International project finance.

Cambridge: Massachusetts Institute of Technology, Department of Civil and Environmental Engineering. Pages 21-234.

Dewar John. International Project Finance: Law and Practice. (Oxford: Oxford University

Publishing Press 2011)
View Full Essay

Intra-Industry International Trade

Words: 2124 Length: 7 Pages Document Type: Research Paper Paper #: 46738616

Intra-Industry International Trade: Benefits and Costs

Trade is brought about by specialization. People specialize in those goods and services that they can produce effectively, and since they cannot survive on only these, exchange their surplus production for other items that they need, but do not produce. There are mainly two types of trade in this regard; international and domestic. The domestic form of trade refers to the exchange of trade items (services and goods) within a country's borders. International trade, on the other hand, can be defined as "the exchange of goods and services among residents of different countries" (Chacholiades, 2006). International trade can take either of two forms; intra-industry or inter-industry forms of trade. Inter-industry trade is trade between industries, whereas intra-industry trade takes place within industries. Intra-industry trade, therefore, refers to the importation and exportation of same-industry items of trade (Gandolfo, 1998).

Background

International trade has been on…… [Read More]

References

Boyes, W.J. & Melvin, M. (2007). Microeconomics (7th ed.). Boston, MA: Houghton Mifflin Company.

Chacholiades, M. (2006). The Pure Theory of International Trade. Piscataway, NJ: Transaction Publishers.

FAO. (2000). International Trade: Some Basic Theories and Concepts (Module 2). The Food and Agricultural Organization. Retrieved from  http://www.fao.org/docrep/003/x7352e/x7352e02.htm 

Gandolfo, G. (1998). International Trade Theory and Policy. Rome: Springer.
View Full Essay

Asset Allocation and Industry Sectors There Are

Words: 956 Length: 3 Pages Document Type: Essay Paper #: 68042105

Asset Allocation and Industry Sectors:

There are several economic concepts that affect an individual's daily finances and investments such as asset allocation and industry sectors. Asset allocation is primarily described as the manner with which an individual divides his assets among various asset categories like cash, bonds, stocks, and real estate. This fundamental principle also refers to an investment strategy with which an investor can lessen risks through diversification. One of the major goals of asset allocation is that it seeks to balance risk and reward through distributing a portfolio's assets based on a person's goals, investment horizon, and risk tolerance. Notably, the process of determining which combination of assets to retain in a portfolio is usually a very personal one ("Beginner's Guide to Asset Allocation," 2009).

The other common financial term or concept is industry sector where the two words have been used interchangeably to refer to a group…… [Read More]

References:

"Beginners' Guide to Asset Allocation, Diversification, and Rebalancing." (2009, August 28).

Office of Investor Education and Advocacy. Retrieved from U.S. Securities and Exchange Commission website:  http://www.sec.gov/investor/pubs/assetallocation.htm 

Holden, J.P. (1983). Recent Developments Affecting Multiple Corporations: Sections 304, 306,

and 368. Retrieved from College of William & Mary Law School website:  http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=1460&context=tax
View Full Essay

Intra-Industry International Trade Case Study

Words: 2269 Length: 7 Pages Document Type: Case Study Paper #: 89372418

intra-industry international trade within the standard international trade classification SITC6, which represents manufactured foods classified chiefly by material. The scope of this paper is limited to processed foods, and includes analytical frameworks from the gravity model, and classic approaches to product differentiation, product commoditization, pricing, and market structure.

eferences to market structures in the literature typically oversimplify the dynamics influencing the development of market types -- perfect competition, monopolistic competition, oligopoly, and monopoly -- and this tendency is exacerbated when the focus is on intra-industry trade. Further, the distinctions become considerably more obfuscated when companies that are in the same trade do business in both domestic and international markets. A global manufacturing strategy is the goal of most multinational companies, and rationalizing manufacturing strategies is an objective for nations, as well (Lee, 1984). For instance, assume that a country has the industrial infrastructure to produce canned beverages, but there are…… [Read More]

References

Anderson, J.E. (2011). The gravity model. Annual Review of Economics, 3. Boston College.

Arribas, I., Perez, F., and Tortosa-Ausina, E. (2009). Measuring globalization of international trade: Theory and evidence. World Development, 37(1), 127-145. doi: 10.1016/j.worlddev.2008.03.009

Baier, S.I., and Bergstrand, J.H., (2009). Bonus vetus OLS: A simple method for approximating international trade-cost effects using the gravity equation. Journal of International Economics. Retrieved  http://linkinghub.elsevier.com/retrieve/pii/S0022199608001062 

Berstrand, J.H. (1985). The gravity equation in international trade: Some micro-economics foundations and empirical evidence. Review of Economics and Statistics, 67(3), 474-481. Doi: 10.2307.1925976
View Full Essay

Intra-Industry International Trade

Words: 2169 Length: 7 Pages Document Type: Term Paper Paper #: 84900433

Trade Theory

Intra-Industry International Trade

Standard trade theory and its deviations

The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that free trade would be beneficial to all nations. Smith stated that much like merchants, nations should specialize in the particular goods and services which they could produce most efficiently and trade with other nations who could produce alternate goods and services equally efficiently. Thus free trade resulted in advantages for both trading parties. Smith's theory was later fleshed out by David icardo in his Principles of Economics. iccardo stated that free trade could optimize efficiency for every country on a global level by reducing the inefficiencies generated by the excess resources involved in producing the goods and services the nation was not suited to produce (Sen 2010: 2).

This common wisdom remained relatively consistent…… [Read More]

References

Agglomeration economies. (2013). Economics Help. Retrieved from:

 http://www.economicshelp.org/blog/glossary/agglomeration-economies/ 

Carlton & Perloff. (2010). Strategic trade. Modern Industrial Organization (4th ed). Pearson.

Retrieved from: http://wps.aw.com/aw_carltonper_modernio_4/21/5566/1425036.cw/content/index.html
View Full Essay

Financial Industry Responsible for the

Words: 916 Length: 3 Pages Document Type: Article Critique Paper #: 69012167

It was irresponsible for banks to operate from a position of absentee management, and the careless ownership enabled reckless conduct from their "agents" who ran the day-to-day operation. While some blame must be placed on the public for continuing to spend at outrageous rates, the bank itself promoted and enabled such activity. Blankfein's argument that no one had been arrested is irrelevant since the issue at hand is whether the financial industry was responsible, not whether bank officials should be arrested. Banks made profound miscalculations concerning interest rates and loans, and should have been aware that their business practices were not feasible toward long-term success (Murphy).

Issue 7 places the theories of authors oger Lowenstein and obert Samuelson against one another. Lowenstein contends that government should bail out economic institutions; however, he does not argue that bailouts are necessary in order to assist the careless companies, but instead asserts that…… [Read More]

References

Newton, L., Englehardt, E., & Pritchard, M. (2012). Taking Side: Clashing Issues on Business Ethics and Society. New York: McGray Hill.

Murphy, a. (Nov. 4, 2008). An analysis of the financial crisis of 2008: Causes and solutions. SSRN. Retrieved from  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1295344 .

Andrews, E.L. (2008, Oct. 23). Greenspan 'shocked' that free markets are flawed. International Herald Tribune.
View Full Essay

Adult Day Care Industry

Words: 5610 Length: 18 Pages Document Type: Capstone Project Paper #: 8036286

Adult Day Care Industry

ABC Adult Day Care will be a mid-sized company, which will provide adult day care services to the residents of Boston. This mid-sized adult care facility will serve adults aged fifty years and above. It will provide community-based day health services for the elderly and disabled. Services offered include living assistance, nursing, therapy, meals, and social activities. Their services will be secure and safe, presenting the elderly with an excellent place where their caring services will be met. ABC Adult Day Care will be a privately held organization headed by its founder, Ben Stevenson. Mr. Stevenson has extensive experience in strategic business planning. His advanced knowledge and interest in business are the driving force behind his business. A few employees who have extensive experience in adult care fields will support the daily operations of the facility. With the rising rate of inflation, many American families struggle…… [Read More]

References

Bryan, C.J., & Rudd, M.D. (2011). Managing suicide risk in primary care. New York: Springer Pub. Co.

Cooper, P.D. (2010). Health care marketing: A foundation for managed quality. Gaithersburg, Md: Aspen Publishers.

Davis, C. & Lynn, J. (2010). Start your own senior services business: Adult day-care, relocation service, home-care, transportation service, concierge, travel service and more. Irvine, Calif.: Entrepreneur Press.

Fitzpatrick, J.J., Glasgow, A., & Young, J.N. (2013). Managing your practice: A guide for advanced practice nurses. New York: Springer Pub. Co.
View Full Essay

Business Finance the Most Difficult Task for

Words: 1160 Length: 4 Pages Document Type: Essay Paper #: 97565748

Business Finance

The most difficult task for individuals starting business is raising the initial capital required to kick-start the business. A budding entrepreneur may have the necessary ideas about starting a successful business empire but without initial investment, the idea may as well be dead and gone. For this reason, this report outlines several sources of finance a business can source from, their implications, cost as well as appropriateness. These sources include venture capital, bank loans, friends and family, savings and credit cards among others.

Cost

Payback Terms

Sizes

Against

Personal Savings

No cost

Easy, cheap

Risk of Loss

Friends & Family

Usually good rate or none

Very flexible

Flexible, best value

Can create friction

Home Mortgages - Traditional or Seconds

7-9%

8-14% on equity loans

Very long and flexible

80-100% + of home equity value

Cheapest, longest term

Your house is at risk in the event of non-payment

Credit…… [Read More]

View Full Essay

Home Industry There Are a

Words: 1897 Length: 6 Pages Document Type: Term Paper Paper #: 83458933

The house would still be capable of customization but would not necessarily have to be. This could lead to more profitability to the builders and a less likely chance of sloppy workmanship. The home building industry has the opportunity to show that it can react to adversity and with the situation as it currently stands, builders may have the desire to lower expenses, while not cutting corners, as much as possible.

The home building industry, therefore, seems to be one that can provide the economy with a boost when it is needed, with a foundation at all times and with overall growth that can lead to a robust job market, growth in the GDP and financial independence for those builders that are willing to commit to the hard work necessary to succeed. There are relatively few industries that provide individuals with that type of opportunity and even fewer industries that…… [Read More]

Works Cited

Bogoslaw, D. (2007) Homebuilders in a Hole, Business Week Online, pg 15 Accessed Sept 24, 2007 at  http://web.ebscohost.com/ehost/detail?vid=6&hid=2&sid=486e70e9-8320-4156-9bd0-750d6c9d32d0%40sessionmgr2 

Fed's Calming Outlook Bucks up Stocks, (2007) USA Today, Money Section, pg 1B

Patterson, R. (2005) Home Sour Home, Mother Jones, Vol. 30, Issue 4, Accessed September 26, 2007 from Academic Search Premier

Stovall, S. (2004) Homebuilders: A Slump After the Jump, BusinessWeekOnline, Accessed Sept. 25, 2007 at
View Full Essay

Managerial Finance as of the

Words: 855 Length: 3 Pages Document Type: Thesis Paper #: 62398341

33% on the 2013s; 27.78% on the 2018s 16.67% on the 2028s and 22.2% on the 2038s.

Using market value the weighted-average cost of debt is 6.798%. The weights are 35.42% on the 2013s; 28.39% on the 2018s; 16.14% on the 2028s and 20.03% on the 2038s. Thus, it does make a difference if book or market value weights are used. In this case, the market value weights skew more towards the short maturities, which have the lowest yields. This gives the weighted-average cost of debt for market value weights a slightly lower figure.

5) by book value, the weight for debt is 30.85% and equity 69.45%. This gives a weighted average cost of capital of:

e (Re) + d (Rd) (1 - T) =.6945(9.94) + (.3085)(6.854)(.65) = 8.277%

By market value, the weight for debt is 7.345% and the weight for equity is 92.645%. This gives a weighted average…… [Read More]

Works Cited

Dell Computer Form 10-Q for Quarter ended October 31, 2008. Retrieved December 26, 2008 at http://idea.sec.gov/Archives/edgar/data/826083/000095013408021635/d65443e10vq.htm

Dell Computer Form 10-K for Year ended February 1, 2008. Retrieved December 26, 2008 at http://idea.sec.gov/Archives/edgar/data/826083/000095013408005718/d55156e10vk.htm

Yahoo! Finance. Retrieved December 26, 2008 at  http://finance.yahoo.com /q?s=dell

Dell bond rates from FINRA. Retrieved December 26, 2008 at http://cxa.marketwatch.com/finra/BondCenter/SearchResult.aspx?q=DELL
View Full Essay

Trends in Campaign Finance and Its Effect on Outcomes of Elections

Words: 3540 Length: 13 Pages Document Type: Research Paper Paper #: 55151844

Campaign Finance and its effect on Outcomes of Elections

In this paper, we are examining the underlying trends in campaign finance. To do this we will look at four different gubernatorial campaigns. Once this takes place, is when we will be able to see what patterns are developing in how campaigns are financed.

Over the last several decades, the issue of campaign finance and its outcome on elections has been increasingly brought to the forefront. Part of the reason for this, is because the relationship between politics and special interests will come together during an election. As political candidates, are forced to run for office through spending massive amounts of money. While having to accept funds; from a number of special interest groups that have active memberships throughout the country. This has led to a host of scandals with names such as Watergate, illustrating how this relationship between political and…… [Read More]

Bibliography

2002 General Election. (2002), Election Returns. Retrieved from:  http://www.electionreturns.state.pa.us/ElectionsInformation.aspx?FunctionID=13&ElectionID=7&OfficeID=3 

Contributor Results. (2011). Follow the Money. Retrieved from:  http://www.followthemoney.org/database/search.phtml?searchbox=rick+perry&CurrentType=Contributors&so1=y#sorttable1 

Candidate Election Results. (2011). Vote. Retrieved from: http://vote.sos.state.oh.us/pls/enrpublic/f?p=130:10:0

Contributor Results. (2011). Follow the Money. Retrieved from:  http://www.followthemoney.org/database/search.phtml?searchbox=Ed+rendell+
View Full Essay

Trade Show Industry in Germany

Words: 31155 Length: 113 Pages Document Type: Dissertation Paper #: 38292092



Significance of the Study

This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections have diversified the importance of communication to trade. B2B buyers and sellers cannot use mass channels of communication such as television advertising or newspaper advertising. In this market usage of personal visits and demonstrations are the common channels of marketing and communication. The B2B selling and marketing activities are less highlighted in research than B2C activities. Therefore, this study is significant because it explores a very important channel of marketing and communication in the B2B market.

The study is…… [Read More]

UFI.(2009). The Trade Fair Industry in Asia, 5th edition: A UFI report researched and compiled by Business Strategies Group Executive Summary -- for UFI members only." Business Strategies Group Ltd. [online] Available at  http://www.ufi.org/media/membersarea/studies_reports/2009_bsg_report_summary_andorder_form.pdf  [Accessed 10 May, 2012].

Viardot, E. (2004). Successful Marketing Strategy for High-Tech Firms. Volume 5. NY: Artech House

Yeshin, T. (2006). Sales Promotion. NY:Cengage Learning
View Full Essay

Building Industry The Building Industry Is a

Words: 2191 Length: 7 Pages Document Type: Essay Paper #: 97023128

building industry. The building industry is a cyclical business based on residential and business construction. The industry has faced several years of constrained demand, despite low interest rates. Two firms within the industry are Eagle Materials (EXP) and Apogee Enterprises (APOG). These two firms will be compared with one another in terms of their finances and their recent news in this paper. First, Eagle will be studied including its key financial ratios and recent news, and then the same treatment will be given to Apogee. The conclusion of the paper will discuss the future of the industry and which of the two firms would make a better investment for someone looking to put money in the building industry today.

The Building Industry

The building industry is a cyclical business based on construction. Both construction firms and their suppliers are part of this industry. The two companies being studied are industry…… [Read More]

Works Cited:

Apogee Enterprises Form 10-K for the fiscal year ended 2012.

Eagle Materials Fiscal Year 2012 Form 10-K.

Eagle Materials. (2013). Eagle Materials Inc. reports continued growth in sales volumes and earnings in the third quarter. Eagle Materials Retrieved March 30, 2013 from http://ir.eaglematerials.com/releasedetail.cfm?ReleaseID=738571

Forbes. (2013). Apogee Enterprises about to put more money in your pocket. Forbes Dividend Channel. Retrieved March 30, 2013 from  http://www.forbes.com/sites/dividendchannel/2013/02/01/apogee-enterprises-about-to-put-more-money-in-your-pocket/
View Full Essay

Accounting and Finance Henkel AG Is a

Words: 2826 Length: 10 Pages Document Type: Essay Paper #: 72406272

Accounting and Finance

Henkel AG is a multinational company focusing its brand and technologies in three business areas that include Beauty Care, Laundry & Home Care and Adhesive Technologies. Established in 1976, the company holds its global market positions in both the consumer and industrial products with well-known brands that include Lactate, Persil, and Schwarzkopf. Henkel's headquarter is in Dusseldorf in German and the company has over 47,000 employees globally. Typically, the company is considered among the most "internationally aligned German-based companies in the global marketplace." (Henkel 2012).

Objective of this paper is to use various financial models to carry out financial analysis and valuation of financial Henkel AG.

Valuation Model

One of the methods to carry out the valuation of a company is to use enterprises discounted cash flow (DCF). The DCF could be carried out using WACC (weighted average cost of capital) that represents the opportunity costs that…… [Read More]