...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...University 01/2010 – Present Director Assistant, Canadian Chamber of Commerce in Shanghai 06/2009 – 08/2009 • Designed 2010 Expo Guide for Canadians in Shanghai. • Coordinated events on Canada’s Day and assisted Administrative Director with related projects • Located and entered data into several databases; made phone calls, and ensured timely mail processing. • Assisted administrative team members with clerical function. Dining Service Associate, University of Minnesota – Twin Cities 09/2009 – 12/2009 • Maintained inventory of standard dining service supplies and assists manager coordinate attendants. Member, Actuarial Club in University of Minnesota – Twin Cities 01/2009 – 12/2009 • Arranged the preparation of Casualty Actuarial Society (CAS) exam Volunteer, Students Today Leaders Forever 03/2009 – 12/2009 • Assisted the donation of food to Minnesotans at risk of hunger. Volunteer, in school for the Mute and the Deaf in Zhoushan, Zhejiang Province 2006 – 2009 • Taught disabled students Mandarin. Policy-analyst, Model United Nation in Shanghai K.J. Senior High School 2006 – 2008 • Analyzed UN policies for Model UN conferences HONORS/ AWARDS Honor Program, Awarded by Associate Dean of University of Minnesota – Twin Cities Global Excellent Scholarship, Awarded by University of Minnesota – Twin Cities Dean's List, Awarded by University of Minnesota – Twin Cities st th 1 prize, World 20 Odyssey of Mind Competition in China Area 09/2008 – 12/2009 09/2008 – 12/2009 Fall 2008, Fall 2009...
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...BLAW 2210 Term Paper Career Preparation My top two career choices are corporate financial analysis in investment banking and actuary. I will be discussing the legal environment of my career choices, taxing authorities, entity structure, graduate school in order to obtain certain license, self-assessment of my chosen careers. First, I will discuss how I can work as a corporate financial analysis in investment banking. After that, I will talk about what I need prepare to be an actuary. 1.corporate financial planning and analysis The responsibility of a corporate financial planing and analysis is to support management planning and decision making by identifying, maintaining, and evaluating information,as well as recommending actions. * Legal environment * Entity structure Investment banking is concerned with the primary function of assisting the capital market in its function of capital market intermediation, i.e. the movement of financial resources from those who have them means investors, to those who need to make use of them means issuer for generating profit. Therefore, it can be inferred that investment banks are those institutions that are the counterparts of banks in the capital market in the function of intermediation in resources allocation. Investment banks carried on carious activities it helps companies and governments and their agencies to raise money by issuing and selling securities in the primary market. They assist public and private corporations...
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...Sample Questions-Exam II 1) Information provided by one firm on household demographics and lifestyle, purchases, TV viewing behavior, and responses to promotions is called: a. multi-source data b. marketing research data c. single-source data d. on-line data e. in-home data 2) Ford Motor Company uses the slogan “No boundaries” for its ad campaigns for Ford SUVs. It invites people who want ultimate people-carrying and gear-storing capabilities “to be outfitted with the most far-reaching sports utility vehicle on earth”. If the SUV campaign is trying to appeal to young adults who don’t like the restrictions of a sedan, who want to be able to pack up and leave at a moment’s notice, and who enjoy freedom and independence, it is relying on _________ and _________segmentation. a. socioeconomic; demographic b. psychographic; lifestyle c. geographic; usage rate d. demographic, usage rate e. demographic, psychographic 3) Which of the following statements demonstrates the formation of a segment based on household size? a. Campbell’s makes spicier nacho cheese sauce for its distributors in Texas than it does in Maine. b. GE built a downsized microwave oven to hang under kitchen cabinets. c. Del Monte offers a line of canned fruit with no added sugar or artificial sweeteners. d. a fast food hamburger restaurant is open for breakfast on Sunday...
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...Invisible Hand Cheating and Punishment: Dealing with, and punishing companies who would price fix, during a natural disaster, or any time for that matter is a difficult task. The first task that would be needed to be completed would be to prove it, which can prove to be difficult with one company involved, let alone two large chains that are in a relatively stable market. The prices for certain goods that are sold by Lowes and the Home Depot tend to be relatively similar, and any discrepancies in price are usually made up by differences in the price of other goods. It is the nature of a market where only a few large chains dominate the market. The prisoner’s dilemma can be applied in this situation, where the Home Depot and Lowe’s could be in a position to set the market prices for their goods and go unchecked on the basis of a natural disaster and the inability to restock their goods in a timely manner to keep prices at normal levels. The manner in which these two companies could manipulate the prices could be deliberate, meaning both companies either colluded on the prices set or simply by accident. If someone were to raise concerns about price gouging during a natural disaster, Lowe’s and Home Depot may be able to hide behind power outages, flooding or other natural occurrences keeping supplies low, thereby raising prices, but will either company sell out their competition in hopes of saving face is the question. If they work together, they of course, can keep...
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...Experiment 7 – October 9, 2012 RLC Resonance Purpose Study resonance in a series resistor-inductor-capacitor (RLC) circuit by examining the current through the circuit as a function of the frequency of the applied voltage. Theory The amplitude of the AC current (I0) in series RLC circuit depends on the amplitude of the applied voltage (V0) and the impedance (Z). Where XL =ωL (inductive reactance), XC = 1/ωC (capacitave reactance), R (resistance), angular frequency ω = 2πf (f is linear frequency) and is the phase angle between the current (i) and voltage (v) pf the source. Impedance depends on frequency so the current varies with frequency. The current will be maximum when the circuit is driven at its resonance frequency, ωres = 2πfres = 1 / √LC. At resonance, XL = XC, Zmin = R, I0 = Imax = V0/ R, = 0. The current (i) and voltage (v) are in phase and Vr = V0. Three characteristics of resonance include: Vr reaches maximum value VRmax (at ω ≠ ωres VR < VRmax), the voltage v and voltage vR are in phase in which their peaks (V0 and Vr) are lined up, and the trace of vr and v in xy-plot is a straight line. Data Table 1 | R (Ω) | C (µF) | x2(s) | x3(s) | T (period)| x3 – x2| | fres (Hz) | fave.res (Hz) | Lave(mh) | 1 | 100 | 107.0 | .02859 | .04668 | .01809 | 55.2 | 55.2 | .00207 | | | | .02354 | .04162 | .01808 | 55.3 | | | | | | .02088 | .03896 | .01808 | 55.3 | | | 2 | 100 | 10.40 | .00332 | .00851 | .00519 | 192.6 | 192.3 | .00355...
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...* Read Luke chapter 5-9. * Video 4A - http://www.cuw.edu/videoserver/fullplayer.cfm?movieid=972 * Notebook Questions: Please submit your answers (4 to 6 sentences per question) in the 4.A drop box provided in the Unit 4 folder. * 4.A.1 As Jesus heals many in chapters 4 and 5, what effect does that have on the crowds and disciples? When reading these chapters, would one expect to see Jesus go to the cross in the end? * 4.A.2 Discuss the Sermon on the Plain, 6:20-49. What value does Jesus place upon poverty, hunger, and sorrow? What danger is there to prosperity, fullness, and joy? How does God work beyond a person's social or economic status? * 4.A.3 How do the verses 6:35-38 show a generosity to God's nature and a chance for us to share in that nature? * 4.A.4 Does 6:37 prohibit all judgment? William Barclay quotes an old saying: "There is so much bad in the best of us and so much good in the worst of us that it ill becomes any of us to find fault with the rest of us" (Barclay, Luke, 81). Is Barclay saying what v. 37 means? See also 6:39-42. * 4.A.5 What is the essential meaning of the good/bad tree comparison of 6:43-45? * You can't hide who you are; your true nature is going to come out. * You can't change who you are; just accept what you are. * You reveal more about yourself than you really should. * Another meaning? * Video 4B - http://www.cuw.edu/videoserver/fullplayer.cfm?movieid=973 ...
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...An Exegesis of Matthew An Exegesis of Matthew 5:1-12 Matthew 5:1-12, commonly known as the Beatitudes, has been loved by every generation since first pronounced by Christ two thousand years ago. Matthew writes this record of the life, ministry and teaching of Jesus, and he places this message soon after Jesus' baptism and calling of the disciples. The Beatitudes are the opening section of the Sermon on the Mount, the longest recorded teaching during Christ's lifetime. We will begin by looking at this section as it lays within the book of Matthew and then go to a more in-depth exegetical study. Literary Context The most popular approach to Matthew's structure is the presentation of five major discourses, each ending with a formula statement that is foreign to other Biblical discourses, placed in a framework of narrative[1] (Talbert 15). In fact, "the five discourses are so clearly marked, from a literary point of view, that it is well-nigh impossible to believe that Matthew did not plan them" (Carson 63). Each of these discourses brings forth a topic of central importance for both the gospel rendition of the historical Jesus and the later experience of the church (Batdorf 26). The narrative section leading to the first discourse, from Matthew 3:1 to 4:25, chronicles not simply the biography of a man preparing for ministry, but the establishment of Messianic history and authority. We come to an understanding of Matthew's first and foremost discourse, the Sermon on the Mount...
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...The sermon at the mount is a collection of teachings and sayings that Jesus preaches to people at Galilee. It takes place after Jesus had been baptized by John the Baptist. This is the longest teaching by Jesus in a single preaching. It is found in the New Testament in the book of Matthew. It transverses chapter five to seven of the Gospel of Matthew. The main theme of sermon of the mountain is how people should relate with other people and God. The sermon is preached at a mountain when Jesus saw the crowd and his disciples’ were following him, he sat at a level ground on the mountain and started to preach. The Preaching’s can be divided it four major parts; The Beatitudes, Lord’s Prayer and parables. Beatitudes The word beatitude comes from a Latin phrase “beatitudo” which means blessedness. The beatitudes are eight in number and all have similar characteristics in that they all begin with the word blessed. The beatitudes come from doing eight different things in a certain manner. Six of the beatitudes are futuristic in nature in that they say what will happen, while two of them have a present tense. The beatitudes are from Mathew chapter five from verse three to ten. The first beatitude is found in the book of Matthew chapter five verses three and it states; blessed are the poor in spirit for theirs is the kingdom of heaven. The beatitude is futuristic since it promises a future reward. The beatitude tries to explain that the kingdom of heaven belongs to those people who...
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...LIBERTY UNIVERSITY THE SYNOPTIC PROBLEM A RESEARCH PAPER SUBMITTED TO DR. CAROL A. THOMAS IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE COURST NBST 525 LIBERTY BAPTIST THEOLOGICAL SEMINARY BY LYNCHBURG, VIRGINIA , 2013 CONTENTS INTRODUCTION 1 EXPLORATION OF THE SYNOPTIC GOSPELS........................................................................1 ORAL THEORY.............................................................................................................................2 THE TWO-SOURCE HYPOTHESIS.............................................................................................3 THE GREISBACH HYPOSTHESIS..............................................................................................4 THE FARRER-GOULDER HYPOTHESIS...................................................................................5 THE AUGUSTINE HYPOSTHESIS..............................................................................................6 DEFENSE OF THE SYNOPTIC PROBLEM................................................................................6 CONCLUSION...............................................................................................................................7 BIBLIOGRAPHY...........................................................................................................................9 INTRODUCTION At first, one reads the words “Synoptic Problem” and assumes the worst. The expression...
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...Lowe’s By You April 21st, 2014 University of Phoenix ECO-365 Introduction In the United States there are two major players in the home improvement industry. The biggest in The Home Depot. The other, while smaller having 502 less stores, is still a giant of the industry (Cramer, 2013). Through the recession Lowe’s stood while well The Home Depot fumbled. Lowe’s faces competition from opponents other than just The Home Depot as it expands beyond America. As Lowe’s seeks to enter the Canadian and Australian markets it will encounter more diversity than it has experiences so far. The complexities of doing business abroad and opening stores afar will become even more apparent as their international tactics change. Despite the challenges Lowe’s should expand further to become an even bigger player both nationally and globally. Global Competition’s Impact on Lowes In 2009, Lowes had 1,710 stores found throughout Canada and United States, 16 of these found outside the United States, with three stores in Mexico that opened in 2010, allowing for their exposure to bring them to a new level of sales internationally. (“Lowes Companies”, 2012) After much research it is found five competitors could impact Lowes, the #2 home improvement dealer in the world (Racine, 2012), but on different levels. The first competition is the main competition of Lowes, Home Depot, #1 in the world since 2005, (“Lowes Companies”, 2012) is expanding its sales by bringing in more Hispanics...
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...Jesus: Advocating Community Some would say God, or the author of Genesis, got it right: "It is not good for man to be alone." For as long as there have been humans, there have been communities. We are communal beings. From the first small tribes to the modern day mega cities, communities have evolved just as much as the human species. There are many ways that one can identify with a community. Human beings as well as many other species, especially primates, need these groupings as much as most social animals. Watch as every Sunday thousands sit distant from their closest sports field, straining to see the players, although they can far more easily watch the game at home in the comfort of their living rooms. Yet, in modern times, the community seems to be falling apart. They are not as strong as they once were. It is time we look back to the social climate that forged one of the most influential revolutionaries of all time. The historical Jesus of Nazareth. As John Crossan said “If the supreme value for the twentieth-century American imagination is individualism , based on economics and property, that for the first-century Mediterranean imagination can be called, to the contrary, groupism.” Our society has experienced major social shifts that would be unimaginable to a small Jewish town in ancient Palestine. Individuals no longer realize they need to rely on others in the way they once did. Modern technology has pushed us farther and farther into our own homes and away...
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...| The Synoptic Problem | Understanding the relationship between the synoptic Gospels | | The New Testament of the Bible begins with the four Gospels: Matthew, Mark, Luke, and John. These four books are a biography of the life Jesus Christ. Most want to views these books as photographs of the life and ministry of Christ, but they should really be viewed as portraits of Christ. A photograph takes a picture and shows you exactly what is there, while a portrait can add different perspectives on the same image. If four people each painted a picture of a sunset each painter would show the sunset from a different perspective (1). Each author of the books of the Gospels adds his own views into each book. Matthew, Mark, and Luke are known as the synoptic Gospels. The word synoptic in Greek means “seeing together” this is appropriate for these books because of the common viewpoint. While John is known as the supplemental Gospel, and has very different characteristics from the other three books.(2) If we view the Gospels as a modern day biography we would want to see all the facts of Jesus's life and them all to be laid out in chronological order. The authors of the Gospels however were basing their versions of Jesus's life off of ancient biographies. These works were not written in chronological order, but were written with specific facts to show the significance of one's life. The way the Gospels were written was very understandable to the people of that time. (1) The...
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...THE SYNOPTIC APOCALYPSE (MARK 13 PAR): A DOCUMENT FROM THE TIME OF BAR KOCHBA Hermann Detering* he thirteenth chapter of the Gospel of Mark belongs to those texts of the New Testament which have been examined particularly often in recent times. Despite many differences in detail, a certain consensus is apparent between exegeses in so far as they all assume that the text in question, the so-called “Synoptic Apocalypse” (hereafter abbreviated as the SynApoc), arose either in the first or the second half of the first century. This investigation, however, will show that there are a number of factors which exclude such a dating and that numerous of clues indicate rather an origin in the time of the Bar Kochba uprising (132-135 CE). To be sure, the possibility of assigning such a date, which diverges considerably from what is usually taken for granted, does not even occure to most scholars, since the conclusion of their investigation is clearly determined by a prior methodological assumption: since the common assumption is that both Mark and Matthew were written in the second half of the first century, the SynApoc must also belong to this period or even precede it. In my opinion, however, for various reasons, it is highly questionable whether the customary and generally accepted dating of Mark's gospel around 70 CE is correct. Whoever concerns himself with the question of when the Synoptic Gospels arose quickly notices that he has hit upon a genuine weak point in the scholarly study...
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...Solving the Synoptic Problem Matthew, Mark, Luke and John are the four narrators for the Gospels. The Gospel “offers distinctive information about Jesus, his public ministry, death, Resurrection, and significance” (Mueller 80). Each of the four Gospels were written at different times, and without collaboration. Due to the differences of chronological order, the order in which events took place, vocabulary, the overall contents, and similarities the Synoptic Problem was created. The Synoptic problem refers to the discussion and the relationship between the Gospels of Matthew, Mark, and Luke. The main question that the Synoptic problem posses is what is the nature of the relationship between the three Gospels of Mark, Matthew, and Luke, which was written first, and what sources were used in each of them? With the exception of John, the Gospels have many different similarities in the text, passages, and the specific arrangements of those passages. The reason for the Gospel written by John not being included in the synoptic problem is that there are very few agreements in the text compared to those of Matthew, Mark, and Luke. “The synoptic gospels are synoptic in that they share a majority of their information. Mark contains 93% shared information, Matthew 58% and Luke contains 41%. The Gospel of John in the only gospel that is not considered part of the synoptic gospels because it is 92% peculiar, or dissimilar in its structure and makeup” (Linderer 2). Although...
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