Risk Coursework Example | Topics and Well Written Essays - 500 words

Risk - Coursework Example tegies used by the corporate managers in relational to effective financial planning to meet organization needs regard the financing, capitalization, budgeting and risk management. The perception of various risk influence corporate financial strategies in order to minimize a risk and maximize returns. This document focuses on various types of risks facing businesses and their effects on corporate financial strategy. This is the uncertainty that the organization may obtain lower profits than anticipated in case of unforeseen events occurring. For example, when sales volumes declines, cost of inputs increases, economic climate or government regulations change they may result in loss instead of anticipated profits (Bender & Ward, 2012). In a case of high business risks, the corporates may finance business activities with capital bearing less debt ratio to ensure it can meet financial obligations whenever they are due. Credit risk is the risk that the borrower may fail to repay the borrowed amount and interest charges when they are due. Lenders may incur additional cost to insure their loan portfolios in order to minimize the loss or borrowers are required to use security or guarantees before they acquire the loan (Bender & Ward, 2012). This affects corporate financial strategy especially when the business does not have to tie capital in security assets. They may have to raise funds through other means other than by borrowing funds. This is the risk that arises due to fluctuation of interest payable to the stocks. It can affect corporate financial strategy whereby investors may refuse to commit buy stocks in a particular market due to fluctuations in interests for fear of losing the value of their invested stocks (Bender & Ward, 2012). These are risks investors face due to political instabilities in the countries of operations. It can affect corporate investment decisions whereby the businesses if the managers cannot take enjoy opportunities available in certain

Sew What Inc Essay Example | Topics and Well Written Essays - 500 words

Sew What Inc - Essay Example Examples, which justify information technology’s role in Sew What, Inc.?’ success entail, i. During its onset in the market, information knowhow contributed to its credibility where numerous people were able to recognize it besides the business’ products and services. Hence, gaining enormous clientele pool interested in drapers and other products it produced. v. Megan Duckett’s knowledge regarding the essence of technological knowhow enabled the company to expand besides having effective operations (Murphy, 2006). This is evident in the way she embraced the Dell’s operations into her business. It is irrefutable if Megan Duckett intends to dominate and attain enormous market share globally she has no alternative but to utilize technology effectively (Murphy, 2006). This entails ensuring the company has the capability of reinventing itself especially in monitoring what is new in the world of technology and implementing it, for effective services’ delivery. However, the business ought to consider the cost and effectiveness of the information technology prior applying it. Assuming the position of management consultant, I will advise Megan Duckett to undertake the following: i. She must ensure that all the business’ marketing assets are up to date, which entails training marketing personnel in all aspects of sales (Murphy, 2006). This is to ensure that the business is capaable  of containing stiff competition evident in the market presently. iii. The business should take advantage of the current social sites (Orkut, Facebook, tweeter ete) besides blogging. This will ensure more interactions amid the people and the business management meant to know reactions of its clientele. v. Megan Duckett besides specializing in drapery making, she should think of being a global provider of the same line materials to other corporations, which will yield to an increased market share (Murphy, 2006). Information technology usually enables small

Report of a company from the air - freight sector Essay

Report of a company from the air - freight sector - Essay Example This is done to understand how organizations will perform in their near futures and the steps that can be taken in order to improve. Thus, the report suggests that despite the decline in the organization’s revenue due to the fall in their volume, they still have high potential to perform well in the future. Table of Contents Executive Summary 2 Business environment 4 PEST Analysis 4 Political 4 Economic 5 Social 6 Technology 6 Porter’s Five Forces 6 Rivalry within the industry 7 Bargaining power of the customers 7 Bargaining power of the suppliers 8 Threat of new entrant 8 Threat of Substitute 8 Assessment of DHL 8 Assets of DHL 8 Strengths and Weaknesses 9 Customers Segmentation 10 Conclusion 11 Reference List 12 Introduction Today the performance of an organization is not only dependent on the internal factors within the organization, but also on the external factors that continuously affect the internal operations. In this context, DHL has been considered in this rep ort, on which the analysis will be conducted and recommendations will be made regarding the performance of their business. DHL is a segment of Deutsche Post DHL, a logistic company based in Germany that provides international express mail service. Deutsche Post is the world leading logistic company with major international presence. They are the global market leader in air and sea mail. The organization was originally founded in the year 1969 to distribute documents between Honolulu and San Francisco; however, the organization managed to expand their services throughout the world. Inter-continental and offshore deliveries were the main interest of the organization. The organization served many other countries, not served by any other air-freight organizations, such as, North Korea, Vietnam, China, Iran, Iraq, Eastern Bloc and Soviet Union (Zetes, n.d.). In order to conduct the performance analysis of the organization along with PEST analysis, Porter’s five forces, SWOT analys is as well as segmentation and targeting strategy of the organization, based on which the business performance will be discussed. Business environment PEST Analysis Political Air freight or air cargo is regulated by the policies established in the year 1994 in the Chicago Conference. When the policy was established, the air cargo industry was in its infancy and the agreements were mainly related to the limitation on foreign ownership and airline destination. These regulations were seen to affect the carrier operations such as, restriction towards the ground handling services and diversification of the ancillary functions related to air cargo. These restrictions had limited the ways of conducting business. In order to keep pace with the economic expansion and global trade, both the international and national regulatory frameworks related to air cargo were made more liberal. For instance, in US, the deregulation in air cargo not only liberalised the licensing of the carriers, but also opened domestic routes to encourage full competition. The common aviation area of Europe was decided, which allowed the carriers to operate in European Union. These reforms had considerable impact in the air cargo industry by open up skies, providing them additional trading and access opportunities. However, the liberalisation was taking place at a slower pace for South East Asia. In 2002, Memorandum of

Discrimination in the workforce Essay Example | Topics and Well Written Essays - 1000 words

Discrimination in the workforce - Essay Example 35). In education, dissemination affects not only the staff, but also teacher-student relations and interaction. Dissemination can take the form of iintentionally harmful actions or prescribed action which limit equal opportunities or humiliate an employee. Also, Elkins (1963) and Sowell (1971) suppose that discrimination was influenced by the period of slavery and racial inequalities (Taylor 1998). Barbara Bergmann (1974) argues that dissemination is a result of the market structure which consists of skilled and non-skilled workforce. Unskilled and low-paid workforce is usually presented by black and minority employees (Taylor 1998). Discrimination and an increase in out-migration of whites from neighborhoods as larger numbers of blacks arrive are the major explanations for black-white segregation. Prejudices and discrimination is due to misunderstandings about the significance of a biological sense of "race" and racist ideas transmitted across generations and based on 'lower biolog ical quality' of African populations. The main cause of segregation and racism is the cultural superiority of "whites" based on their cultural heritage and absence of 'white' slavery. Most Africa-Americans are seen as "lower" class people in contras to "elite" class of whites (Harvey and Allard 2004). Discrimination in the workplace has deep roots. Dissemination by race was eliminated in 1863 by 13th Amendment which made slavery illegal. In 1868, 14th Amendment announced equal protection of all citizens in all states. During the first half of the XX century, black people and racial minorities experienced discriminated in wages and work conditions; they were deprived a chance to receive good education and compete with white majority (Harvey and Allard 2004). Till the middle of the XX century, women occupied clerical jobs and were not promoted to administrative positions. Actions against discrimination go back to 1941 when F. Roosevelt "encouraged minority employment by ordering defence contractors to cease discriminatory hiring" (Yates, n.d.). Further, the policy of anti-discrimination was developed by Lyndon Johnson in 1965 when he "put teeth into minority hiring rules for government contractors' (Yates, n.d.). The next amendments took place under the presidency of J. Kennedy who introduced Equal Employment Opportunity Commission (EEOC) "establishing to investigate contractors' practices, impose sanctions, collect employment statistics, and ensure compliance with government regulations" (Yates, n.d.). Pre-war period (immigration act was introduced in 1924) was marked by racial prejudices and stereotyping against Asian Americans. The main areas of discrimination were family, religion, criminal justice, education and job opportunities. WWII - 1965 marked a new stage in workforce relations. During this period of time, many low class people entered educational established and found high paid jobs. In response to the growing demand for equal rights, Congress enacted major pieces of modern civil rights legislation during the 1960s that have taken the country an enormous step closer to realizing the promises of the first Reconstruction. These modern statutes, protect racial minorities against most forms of public and private discrimination in employment,

Macbeth - The Central Themes of the Play Essay Example for Free

Macbeth The Central Themes of the Play Essay The central themes of the play are highlighted by the sinister statement made by the witches at the very beginning of the play, Fair is foul, and foul is fair: Hover through the fog and filthy air. The whole tone for the play is set as it is a drama about contradictory forces and ideas: light and darkness; good and evil; holy and unholy; loyalty and disloyalty; trust and mistrust; what is natural and unnatural; honesty and deception. The witches mention of Macbeth is significant because he is immediately associated with evil. Duncan decides to appoint Macbeth as the next Thane of Cawdor as the previous one was a traitor, he says, No more that Thane of Cawdor shall deceive Our bosom interest. Go pronounce his present death, And with his former title greet Macbeth. This is ironic as Macbeth has inherited the title of a traitor and the title leads to Duncans killing and ultimately Macbeths downfall. This is also a link to the fair is foul statement as Macbeth seems fair, noble and a good servant for the king but in the end he kills Duncan and is evil. Macbeth has the capacity to kill for both good and evil. Duncan realises that he cant judge people by their appearances and that they can be deceptive, Theres no art To find the minds construction in the face: This is ironic as he about to make the same mistake with the next Thane of Cawdor, the fact that people can be deceptive is reflected by fair is foul as people arent always what they seem. When Macbeth realises that one of the witches prophesies has come true Banquo says, What! Can the devil speak true? This is saying that the witches are the devil and evil but they have spoken the truth which is not expected, this mixes good and evil referring back to fair is foul and one of the themes this statement explores. Macbeth is also immediately liked with evil as he echoes the witches, So foul and fair a day I have not seen. The witches have established their deliberate evil and their powerful presence in the play, Macbeth has become their victim, we can see this where he says Upon the blasted heath you stop our way With such prophetic greeting? Speak, I charge you. This shows that Macbeth is drawn into what they are saying and also indicates the witches power over him as they just vanish. Macbeths echo links him with the themes that these words explore, he uses ironic lines such as, Win us with honest trifles, to betrays In deepest consequence. Macbeth is now liked with the themes such as honesty, betrayal and loyalty all explored by the fair is foul, and foul is fair statement, Macbeth is gradually being drawn more and more towards evil by his own weaknesses. Macbeth and Lady Macbeth share a very close relationship which is based around trust and honesty. Macbeth is ambitious and Lady Macbeth is trying to help him achieve his ambition, All that impedes thee from the golden round, Which fate and metaphysical aid doth seem To have thee crownd withal. This is ironic as although the wealth and power seems very attractive to them once they get it the trust, honesty and closeness they had is lost, this once links back to the fair is foul theme. Lady Macbeth also tells Macbeth to be deceitful and disguise the truth, Look at the time, bear welcome in your eye, Your hand, your toungue: look like the innocent flower But be the serpent undert. This shows that Macbeth looks innocent and fair but inside he is evil and foul. Duncan ironically praises Macbeths castle as pleasant and welcoming, This castle hath a pleasant seat; the air Nimbly and sweetly recommends itself Unto our gentle senses. This shows that fair is foul as the castle looks pleasant from the outside but is evil within and is where Duncan is to be murdered. Duncan also praises Lady Macbeth as the noble, welcoming hostess; she is deceptive and puts on the false face of goodness to Duncan when really she is planning his murder, she says, Your majesty loads our house: for those of old, and the late dignities heapd up to them, Macbeths ambition overpowers his conscience and morality with the help of Lady Macbeth and he commits the murder. Once they find out that Duncan has been murdered Macbeth again plays innocent and is not genuine, for example, You are, and do not knowt: The spring, the head, the fountain of your blood Is stoppd; the very source of it is stoppd. Macbeth conceals what he knows and pretends to be horrified by the murder in contrast to Macduff who is genuine, Macbeths language is over elaborate. The theme of natural and unnatural is created throughout the play, for example when the Old Man says, T is unnatural, Even like the deed thats done. On Tuesday last, A falcon, towering in her pride of place, Was by a mousing owl hawked at, and killed. This means that nature has changed and become strange and unnatural and reflects the murder and unnaturalness of Duncans death. Macbeth holds a Banquet at which Banquo is supposed to be present but Macbeth has murdered him, this shows that fair is foul as everything seems normal but it is not and the ghost of Banquo turns up to haunt Macbeth. When Macbeth goes to visit the witches again they are cunning and employ equivocation, juggling with words to disguise the truth and lull Macbeth into a false sense of security. This is shown where they say, The power of man, for none of woman born Shall harm Macbeth. This is making Macbeth feel safe without them lying as Macduff was cut from his mother when she was dead, the witches are deceiving him showing that foul is fair. When Macduff goes to ask Malcom to raise an army to fight Macbeth and bring order back to Scotland Malcom accuses himself of being evil and foul. He is cautious to make sure Macduff is not trying to leur him back to Macbeth, he says, To make me hunger more, that I should forge Quarrels unjust against the good and loyal, Destroying them for wealth. Malcom is appearing foul but is fair in contrast to Macbeth, Malcom believes in Maduffs integrity and decided to help him. Malcom also says, The night is long that never find the day. This means that every black, evil night comes to a good day, foul is fair. The contrasts become moral contrasts and Macbeth has lost everything, eventually goodness overpowers evil.

Time Value Analysis And The Attractiveness Of Alternative Investments Finance Essay

Time Value Analysis And The Attractiveness Of Alternative Investments Finance Essay Time value analysis The time value analysis can provide the healthcare manager with the necessary information to make important decisions concerning financial strategies. The calculations of future cash flows at specific times are used to determine the attractiveness of alternative investments. The major limitation of the time value analysis is that a small change in cash flow may result in a distorted assessment of a potential investment. Incremental cash flows should be estimated with great care to consider only those that could change if a project or investment is accepted. The time value analysis of the Pensacola Surgery Centers will explore the companys investment opportunities. The company has $50,000 in cash to invest in marketable securities. The option to invest in a bank certificate of deposit (CD) that return interest after 6 months to five years. The earned interest would be reinvested at its maturity date. The future value of a one year CD that pays 10 percent annual interest will total $55,000 at maturity (Table 1). The future value of a one year CD that pays 5 percent or 15 percent will total $52,500 and 57,500 respectively. The other considerations are the banks procedure of compounding the interest. The BankSouth offers a one year CD at 10 percent interest that is compounded semi-annually. This effective annual rate of 10.25 percent will yield a higher total of $55,125 that the annual CD. The Bank of America offers a 10 percent Certificate of Deposit (CD) $50,0000 Investment 10% Annual Interest 10% Semi-Annual Interest (10.25% effective) 10% Daily Interest (10.52% effective) 1-Year CD $55,000.00 $55,125.00 $55,257.79 5-Year CD $80,525.50 $81,444.73 $82,430.42 Table 1: Certificate of Deposit Summary. CD that compounds daily. This results in a higher yield of $55,258 with an effective annual rate of 10.52 percent. The BankSouth will likely offer a competitive rate on its semi-annual compounding CD of 10.3 percent to yield a total of $55,283. The effective annual rate becomes 10.57 percent. The Pensacola Surgery Centers can place $50,000 cash in a five year CD, and have the potential to significantly increase the earned interest. This will not allow other investments to utilize these funds during this five year period. The five year CD with interest compounded annually yields $80,525. The semi-annual interest CD totals $81,144.73, and the daily interest CD yields $82.430. The surgery clinic has the financial goal of having $200,000 available for the purchase of a patient billing system in five years. If the clinic invested a lump sum in a one year CD with 10 percent annual interest, it would need to deposit $124,184.26 today. Another choice would require the deposit of $100,000 in a five year CD with an annual 15 percent interest to result in the necessary $200,000 in funds. The Pensacola Surgery Center may consider the option of an ordinary annuity to build the funds necessary for the computer application. The ability to make yearly payments to the account rather than an initial lump sum will decrease the amount of cash flow deterred from other investment opportunities. If five annual payments of $32,000 are paid at the end of each year, the present value result is $121,305 with an annual opportunity cost of 10 percent. The increase to $138,543 will result if the interest is compounded semi-annually. The future value of the annuity that pays 10 percent interest annually is $195,363, and decreased to $176,820 if compounded semi-annually. The annual interest necessary to accumulate the necessary $200,000, by making the $32,000 yearly payments, is 11 percent. Alternatively, the annual payment of $32,759.50 with 10 percent interest is needed to reach the $200,000 in funds. If the payments are changed to $16,000 every six months, starting six months from tod ay, the future value would total $254,999 with 10 percent annual interest (Table 2). The future value of the payments with 10 percent interest compounded semi-annually yields $201,246. The $16,000 semi-annual payment schedule will accumulate the necessary funds for the capital expenditure. Annuities $16,000 Semi-Annual Payments Future Value 10 % Annual Interest Future Value 10% Semi-Annual Interest Ordinary Annuity $254,998.79 $201,246.28 Annuity Due $280,498.67 $211,308.59 Table 2: Future Value of Annuities Summary. The annuity due type is when the payments are made at the beginning of the period. This type of annuity will result in the maturity one period past the final payment. The present value of the same five annual $32,000 payments will yield $133,436 with an opportunity cost of 10 percent annually. The utilization of a 10 percent semi-annual interest rate will result in $145,470. The future value of the annuity if 10 percent annual interest is paid yields $214,899, and with 10 percent semi-annually the result is decreased to $185,661. The annual interest rate of 8 percent is needed to accumulate the required $200,000 funds with the yearly $32,000 payments. The reduced yearly payment of $29,781 is needed for an annuity with a 10 percent annual rate. The change of the payments to $16,000 every six months results in $280,499 in an annuity that compounds at 10 percent annually. This is decreased to $211,309 if the 10 percent interest is semi-annual. The annuity due with semi-annual payments r esults in a greater accumulation of funds necessary for the computer billing upgrade. The Pensacola Surgery Centers would like to lease out extra space at one location for the term of five years. This venture will cost an estimated $40,000 in initial renovations. The net present value (NPV) of the estimated lease cash flow totals $58,618 (Table 3). The future value of the five year lease cash flow is expected to total $76,223 when invested at 10 percent annually. The present value of this total yields only $47,329 (difference of $11,289) when compared to the NPV calculated initially. The inconsistency of the time value analysis is due to the incremental changes that may become magnified with end results. The manager must use reasonable judgment when interpreting these calculated results. End of Year Net Cash Flow 1 $12,000 2 $14,000 3 $ 2,000 4 $16,000 5 $20,000 Table 3: Estimated Lease Cash Flow The further analysis of the lease will determine the dollar return on the investment and include the cost of the renovations. The return on investment (ROI) of the lease cash flow and the renovations total $39,390. The percentage rate of return utilizes the internal rate of return (IRR) calculation. The expected rate of return is 16 percent which exceeds the 10 percent opportunity cost by 6 percent. The ROI calculations support the clinics financial investment in the lease agreement. The contingency plan if the clinic is unable to accumulate the $200,000 necessary for the computer improvements will require them to borrow the funds. The loan will require yearly payments of $63,094.16 for four years at 10 percent interest (Table 4). The total interest plus principal paid at the end of the loan is $252,376.64. The business will be able to deduct the yearly interest payments on their income taxes for a total of $52,376.64. $200,000 Loan Year Payment Interest Repayment of Principle 1 $ 63,094.16 $20,000.00 $ 43,094.16 2 $ 63,094.16 $15,690.58 $ 47,403.58 3 $ 63,094.16 $10,950.23 $ 52,143.93 4 $ 63,094.16 $ 5,735.83 $ 57,358.33 Total $252,376.64 $52,376.64 $200,000.00 Table 4: Loan Amortization Schedule The utilization of time value analysis aids in the financial decision making processes of the businesss investment management. The calculations attempt to represent the opportunity cost of these potential investments. The discount rate used to conduct the analysis should reflect the risk associated with the investment and the risk of the organization. Good decisions are based on the understanding of the businesss financial strategies, and the appropriateness of the analysis to these objectives. The post completion review of investment decisions should be conduct to assess the processes and results.

Movie Review: A Time To Kill :: essays research papers

Movie Review: A Time To Kill I never read A Time To Kill by John Grisham because the book bored me. But I wonder why it did bore me because the movie was engrossing and entertaining. Maybe it is because Akiva Goldsman took out most of the boring parts. I usually love Grisham, but this book was just too slow. However, another thing that made the movie more entertaining is the actors. The movie begins with the rape scene that you have probably heard about. If you haven't, it's a quick-edited scene so it doesn't show much, but still makes your stomach churn. Jake Brigance (Matthew McConaughey) describes it graphically in his summation. Anyway, what makes the scene so shocking is that it is a 10 year old girl being raped. The two men are captured and while ascending a staircase for their preliminary trial, the girl's father, Carl Lee Hailey (Samuel L. Jackson), runs out of a closet with a gun and shoots the two men and a cop. The two men die and the cop has his leg amputated. This sets off the main plot of the story. Hailey gets Brigance to defend him for virtually nothing. During a courtroom scene, Eileen Roarke (Sandra Bullock, in a surprisingly small role for having top billing) helps Brigance to get the trial moved to another town. Unfortunately, the judge (Patrick McGoohan) decides against moving the trial. Brigance needs to get a jury of young, married men with children. What does he get? A jury of women and old men. So Brigance has his work cut out for him, especially when he is up against the cruel and cheating Rufus Buckley (Kevin Spacey). The film moves along quickly, which I wasn't expecting. The movie is 145 minutes long, but it seems shorter than this. The book is over 500 pages, so Goldsman had his work cut out for him. But he did a great job and made the movie more entertaining than the book. As I said, the actors must have had something to do with it as well. Matthew McConaughey is superb as Brigance. This is his first movie and it will probably make him famous. His summation is one of the best parts of the movie. He says it with great emotion that, not only can the jury relate with, but so can the audience. Samuel L. Jackson is always good and there is one particular scene where he gives a small talk to Brigance. It is powerful, even if it is short. That's how good Jackson is.