...Ratio Analysis to Determine Corporate Health Exxon and Wal-Mart One must consider many factors before deciding whether or not to invest in a company. The following is an analysis and comparison of the health of two well known companies, Exxon and Wal-Mart. Some of the factors that were analyzed include current ration, inventory turnover, accounts receivable turnover, and days’ sales in inventory. Most of the values used for the calculations were obtained from Yahoo Finance. Current ratio evaluates a company’s ability to pay its short-term obligations (Wild, 2008). Exxon’s current ratio of 1.47 indicates that it should not have any issues paying its short-term obligations. In contrast, Wal-Mart’s current ratio of 0.88, indicates that the company’s current liabilities exceed current assets and thus investors should be doubtful of its ability to pay short-term obligations. Inventory turnover is another indicator of a company’s ability to pay short-term debt. Specifically, it is the number of times a company’s average inventory is sold during a period (Wild, 2008). Wal-Mart’s inventory turnover of 9.12 indicates that it may be holding more inventory than it needs, and thus it may be using its assets in efficiently. Exxon’s inventory turnover of 28.31 is more preferable, as long as inventory adequately meets demand (Wild, 2008). These numbers show that Wal-Mart may be having difficulties paying its short-term debt and thus caution should be warranted. Accounts receivable...
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...Case Analysis CLARK v. MISSOURI, KANSAS & TEXAS RAILWAY COMPANY, Appellant. SUPREME COURT OF MISSOURI, DIVISION ONE 179 Mo. 66; 77 S.W. 882; 1903 Mo. LEXIS 394 1. Provide a summary of the undisputed facts. On May 10, 1897, a train wrecked on Missouri, Kansas & Texas Railroad near Marthasville, Missouri. This train transported live animals. A conductor of the train informed a railroad track foreman that there was an accident and some steers were loose in the area and they needed to be recovered. This section of the railroad was serviced by a crew that included a track foreman Otto Housman (the defendant) and three trackmen – Housman’s two sons named Jim and George Housman, and Pleasant W. Clark (the plantiff). Mr. Clark was a section hand who worked for the railroad for the past four years. Part of his duties as a section hand were to clean up and take care of live animals transported by the railroad and to clean up around the tracks whenever there was a mess. On the night of the accident Mr. Clark was called to come help retrieve some cattle that got loose. Along with two other men (sons of the foreman) they brought all the cattle, except one Texas steer, and drove them into a pen. However, they were ordered to find and return the last steer, and then Mr. Clark and the foreman’s sons went to look for the steer. They found the steer about two hundred yards from the track. Mr. Clark noticed that an animal acted wild. Jim Housman saw that the animal...
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...Market Feasibility Report. Australian Wild Tuna, in the Thai market. Table of Contents Introductions4 Executive summary4 Introduction4 Sam’s Australian Wild Tuna Pty Ltd4 Internationalizing a Product1 Advantages5 Disadvantages6 Economic Environment6 Socio-Cultural Environment7 Social Prestige7 Daily Life8 Buddhism8 Swot Analyses9 Strengths9 Weaknesses10 Opportunities10 Threats10 Market Feasibility11 References11 Market Feasibility Report Executive Summary The following report analyses the market feasibility of the developing country of Thailand for Australian Wild Southern Blue Fin Tuna, for an organisation named Sam’s ‘Australian Wild Tuna Pty Ltd’. Global economic integration is battled by disadvantages such as risking large dedications of resources are discussed for internationalisation of a product in general. As the economy is seen to be growing but a great fallen yield in the Thai fishery market, the window of opportunity to infiltrate such a successful market in the world is crucial yet to do this the correct social prestige in the way business should be conducted, how the product impacts daily life and the Buddhist culture amongst the Thai is explored for essential prior-knowledge. Major Strengths and opportunities are found to outweigh weaknesses and threats in order for a concluding that the market is feasible for Australian Wild Tuna if applying the correct knowledge and accommodating for the different economy and socio-cultural environments...
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...sad March 18, 2011 at 10:56pm Foreign And Local Literature About Sales And Inventory System AMA EDUCATION SYSTEM LUCENA CAMPUS LC Pc Net Sales and Inventory System A Case Study Presented To The Dean and Faculty Of Department of Computer Studies Background of the Study Technology has taken a big leap forward in 21st century, with computer programs, electronics upgrading by the month & even by the day. Technology has influenced & greatly simplified almost in every aspect of a student’s life today. It is amazing what technology has done to our society and how dependent we have become on it. Having computers in the workplace has enable the business to our more efficiently and has contributed in having on all around Is this Essay helpful? Join OPPapers to read more and access more than 350,000 just like it! GET BETTER GRADES better businesses, using computers cut down our work time, we don’t have to write everything out by hands or type out on typewriters. This increase in usage of computer proves that computers have affected every aspect of our lives and have become one of the necessities. Many developers have contributed to such an advancement and widespread of computer technology. Nowadays there are so many companies using technical system to improve the quality of service of their company, but there are some companies still using manual computing for their product inventory like LC Pc Net Sales & Services. LC Pc Net Sales & Services is owned by Mr. Leo Boongaling...
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...Since the worldwide financial crisis in 2008, Bank of England (BoE) and other central banks seek to stabilize and stimulate the economy by conventional and non-conventional policies. It seems that one of the non-conventional policies, called quantitative easing (QE), has become the most popular and controversial topic. In March 2009, the bank’s Monetary Policy Committee (MPC) announced that the central banking would purchase the financial asset. They would use the central banking reserves created electronically to achieve this. More specifically, the BoE announced a 50 billion pounds increase in the program of purchasing the asset, to 375 billion pounds totally. However, it was not the first time that central banking used such monetary policy. From 2001 to 2006, the Bank of Japan purchased a great number of public loan and long-term bond to infect the liquidity to the market when the domestic economy was depressed continually and a sharp drop on investment. It seems that QE is an effective way to stimulate the economy and promote the recovery from the financial crisis. However, it may cause the hyperinflation and destroy the whole financial system if it was out of management and supervision. Firstly, this essay will provide a definition of quantitative easing. Further, it will discuss how QE affects the economy and the aims that governments seek to achieve. At last, it will evaluate the advantages and disadvantages of QE as a monetary policy. First of all, in average time,...
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...Narration Around 2 a.m. something woke Charles Hanson up. He lay in the dark listening. Something felt wrong. Outside, crickets sang, tree-frogs chirruped. Across the distant forest floated two muffled hoots from a barred owl. It was too quiet. At home in New Jersey, the nights are filled with the busy, comforting sounds of traffic. You always have the comforting knowledge that other people are all around you. And light: At home he can read in bed by the glow of the streetlight. It was too quiet. And much too dark. Even starlight failed to penetrate the 80-foot canopy of trees the camper was parked beneath. It was the darkest dark he had ever seen. He felt for the flashlight beside his bunk. It was gone. He found where his pants were hanging and, as he felt the pockets for a box of matches, something rustled in the leaves right outside the window, inches from his face. He heard his wife, Wanda, hold her breath; she was awake, too. Then, whatever, was outside in the darkness also breathed, and the huge silence of the night seemed to come inside the camper, stifling them. It was then he decided to pack up and move to a motel. Comments on narration: • Normally chronological (though sometimes uses flashbacks) • A sequential presentation of the events that add up to a story. • A narrative differs from a mere listing of events. Narration usually contains characters, a setting, a conflict, and a resolution. Time and place and person...
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...Running head: CRITICAL THINKING APPLICATION Critical Thinking Application Becca Kungis University of Phoenix MGT 350 Mr. Ricky Lovett August 18, 2009 Abstract Exploration and analysis of the conditions of fact delivery and accompanying decision making is necessary in order to more fully explore the benefits and risks of decision making—critical thinking. Individuals are encouraged to rethink outcomes of their opinions as a way to further exploring the content of their own thought—critical thinking. To perform these critical cognitive functions results in a better understanding of the elements of a decision, and an assurance that the best alternatives have been selected. Critical Thinking Application Paul and Elder (2006) state that critical thinking is the art of thinking about thinking while thinking in order to make thinking better. It involves three interwoven phases: it analyzes thinking, it evaluates thinking, and it improves thinking (p. xvii). They believe that analyzing thinking an individual focuses on the parts of thinking in any situation (its purpose, question, information, inferences, assumptions, concepts, implications, and point of view). When evaluating thinking, the individual will figure out its strengths and weaknesses (the extent to which it is clear, accurate, precise, relevant, deep, broad, logical, significant, and fair); thus improving the thinking process by building on its strengths while reducing its weaknesses. Critical...
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...keys actions were identified as necessary to enact a food safety revolution: prevention, inspection and compliance, response, imports, and enhanced partnerships. With these five actions identified they were then organized into four proposed rules. The first rule is produce safety. In terms of the proposed rule produce means “fruits and vegetables grown for human consumption” (FDA). The rule calls for the FDA to establish a set of standards with a scientific base that would apply to the safe growing, harvesting, packing, and holding of produce on farms. The idea behind that standards is that it will be easier to find the routes of microbial contamination in produce through agricultural water, health and hygiene, soil amendment with animal origins, animals (both domesticated and wild), as well as equipment, tools, and buildings. The second proposed rule preventive controls consists of two main parts, it has new provisions that require hazard analysis and risk-based preventive controls. The rule would also revise existing Current Good Manufacturing Practice (CGMP) requirements. Under this rule facilities are to prepare and enact a written food safety plan that would not only define the steps on how to react to an incident but also the steps to prevent an incident. The plan will...
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...------------------------------------------------- HSBC Holding plc (0005.HK) HSBC Holding plc is one of the biggest providing various banking and financial product and services. It was found in 1865 and listed in Hong Kong in 1988. 1) Dividend payout Year | DPS | DPS Growth | Actual paid DPS** | EPS | EPS Growth | Payout Ratio | 1997* | $0.277 | 25.91% | $0.277 | $0.69 | 13.11% | 40.14% | 1998* | $0.308 | 11.19% | $0.308 | $0.54 | -21.74% | 57.04% | 1999 | $0.340 | 10.39% | $0.340 | $0.65 | 20.37% | 52.31% | 2000 | $0.435 | 27.94% | $0.435 | $0.74 | 13.85% | 58.78% | 2001 | $0.480 | 10.34% | $0.480 | $0.54 | -27.03% | 88.89% | 2002 | $0.530 | 10.42% | $0.530 | $0.67 | 24.07% | 79.10% | 2003 | $0.600 | 13.21% | $0.600 | $0.84 | 25.37% | 71.43% | 2004 | $0.660 | 10.00% | $0.630 | $1.18 | 40.48% | 53.39% | 2005 | $0.730 | 10.61% | $0.690 | $1.36 | 15.25% | 50.74% | 2006 | $0.810 | 10.96% | $0.760 | $1.40 | 2.94% | 54.29% | 2007 | $0.900 | 11.11% | $0.870 | $1.65 | 17.86% | 52.73% | 2008 | $0.640 | -28.89% | $0.930 | $0.47 | -71.52% | 197.87% | 2009 | $0.340 | -46.88% | $0.340 | $0.34 | -27.66% | 100.00% | 2010 | $0.360 | 5.88% | $0.340 | $0.73 | 114.71% | 46.58% | 2011 | $0.410 | 13.89% | $0.390 | $0.92 | 26.03% | 42.39% | 2012 | $0.450 | 9.76% | $0.410 | $0.74 | -19.57% | 55.41% | (* In 1999, HBC conducted capital reorganization. For comparison, the figures in 1998 and 1997 have been...
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...River Rafting Location, Evaluation, and Analysis Lynn Lee, Gail Rickey, Brenda Wilson-Stringer ACC/543 Managerial Accounting & Legal Aspects of Business February 10, 2014 Fred Johnston River Rafting Location, Evaluation, and Analysis White water rafting has exploded into an adventure sport in the last 10 years. This explosion has broadened the business market for rafting companies in Florida, Kentucky, and California. In order to open, a new rafting business research must be conducted on the legal ramifications pertinent to the area. The direct concern are the legal aspects of real property, personal property, business insurance, and environmental issues and regulations. Evaluate the Legal Aspects of Acquiring, Holding, and Disposing of Real Property The River-Rafting Business is real property, which consist of a riverbed, and banks that are state property. It is considered public property if the river is physically navigable. Public property does not abide by the rules of real property. Cheeseman (2007) stated, “Real property is immovable or attached to immovable land or buildings, whereas personal property is movable” (p. 755). Real property plays an important role in the United States (U. S.) economy of property and ownership rights. The real property concept is concerned with the legal rights of property as opposed to the physical attributes of tangible land. Real property consisted of items of personal property...
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...$106.2m creating the industry revenue of $2.0 billion. The major findings indicate the importance of correct advertising and labelling of fruit juice this ensures that no legal matters are taken against the business, how black-label brands hold a 10% share of the market holding a threat to other business with the ability to charge lower prices and committing more shelf space to their own fruit juices and how important it is for business to follow customer trends as they hold the purchasing power. The report also compares and contrasts Boost Juice Bars and Spring Valley Juice marketing strategies, recommending that Boost Juice Bars continue on with their strong marketing mix and Spring Valley focus on their customer trends and target market. The report also recommends the industry swap to BPA free plastic bottles to better enhance their brand and health and safety of their consumers. Table of Contents 1. Introduction …………………………………………………………………………………3 2. Fruit Juice Industry Overview …………………………………………………………3 3. Environmental Analysis 3.1 Fruit Juice Industry Warned …………………………………………………4 3.2 Private-label Brands to Take Over …………………………………………5 3.3 Consumer Trends …………………………………………………………6 4. Marketing Analysis 4.1 Defining the Target Markets …………………………………………………6 4.2 Product Offering …………………………………………………………………7 4.3 Target Consumers with Promotion …………………………………………7...
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...South and East Asia, while most of the services for the global economy are happening in the Western Europe and North America (Wild, 2002). There are several factors why it is like this in the world company. For manufacturing industry there are manufacturing models that are being used and for the services there are services models that are being used. The basic concept in manufacturing sector to improve the efficiency of the production is by increasing the production output or decreasing the workforce required (Drury, 2008). Whereas the basic concept in the service sector to improve the efficiency of the services is by adding a new worker that improves the value of the service of the company. That is why when new workers want the join any company they may have to do an interview for that company and explain why the company should chose that worker than any of the others and prove he can improve the company’s service. The JIT manufacturing model has been used a lot in manufacturing and has given Japan manufacturing massive success over the last few decades especially for Toyota (Drury, 2008). The JIT approach model involves continuous commitment to the pursuit of excellence in all phases of the manufacturing system design and operation. The aims of the JIT are to produce the products at a regular quality and quantities at exactly when they are needed (Wild, 2002). JIT achieves its goals which are to eliminate non-value activities, zero inventories, zero defects, zero breakdowns...
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...BP CASE ANALYSIS OF THE GULF OF MEXICO OIL SPILL The world witnessed the largest oil spill in its history in April 2010 in the Gulf of Mexico. The explosion occurred in an oil well of British Petroleum and it is estimated that almost 4.9 billion barrels of oil was leaked to the Atlantic Ocean during the first three months since the incident. The oil spill had devastating effects of the economy and environment of America and the company had to face severe criticism from across the world community. Macro-environmental factors affecting BP Political Environment British Petroleum has held back its dividend payout to its prime stakeholders as they had been under pressure from the United States government regarding the oil spill that had occurred in the Gulf of Mexico. The company had agreed to sell of 30 billion worth of assets to pay off its clean-up bills. The company will resume its prime stakeholder dividend payout at 7 cents/share. British Petroleum is looking forward to sell two of its key refineries in the United States. nited States have threatened to replace BP from the project to seal the exploded well in the deepwater horizon. Obama acknowledged that the Gulf of Mexico contributes a major of its domestic production; he added that offshore oil drilling can be pursued only with an assurance that devastating incidents like the British Petroleum oil spill will not occur in future. Economic Environment British Petroleum oil spill has resulted in huge lose in terms of Share...
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...CHAPTER 10: FUTURES ARBITRAGE STRATEGIES END-OF-CHAPTER QUESTIONS AND PROBLEMS 1. (Delivery Options) The U.S. Treasury bond futures contract contains several imbedded options. First, the wild card option results from a difference in the closing times of the spot and futures markets. The Treasury bond futures contract stops trading at 3:00 P.M. Eastern time. The spot market for Treasury bonds operates until 5:00 P.M. Eastern time. The wild card option is the opportunity the holder of the short futures contract has to lock in the invoice price at 3:00 P.M. and make delivery if the spot price falls below the established invoice price between 3:00 P.M. and 5:00 P.M. The option exists only during the delivery month. Second, the holder of the short position has the right to deliver any of a number of acceptable bonds, known as the quality or switching option. Sometimes the holder of the short position will be holding a bond that is not the best to deliver. A profit is sometimes possible by switching to another bond. Third, because the last day for trading a T-bond futures contract is the eighth-to-last business day of the delivery month and delivery can take place during the remaining business days, there is an end-of-the-month option. The invoice price during those final delivery days is based on the settlement price on the last trading day. Thus, during the last seven delivery days, the holder of the short position has full knowledge of the price that would be received for delivery...
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...in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student Signature: ___________________________ ******************************************* Instructor’s Grade on Assignment: Instructor’s Comments: I. Introduction II. Legal Section A. Licensing Requirements B. Accommodation C. Nutrition D. Sanitation and Disease Control E. Veterinary Care F. General Welfare G. Safety and Security H. Operations III. Ethics Section A. Utilitarian Ethical Analysis B. Kantian Ethical Analysis C. Aristotelian Ethical Analysis IV. Social Responsibility Section V. Conclusion VI. References ABSTRACT Animals are one of the most important things in my life, I have dedicated and I will dedicate my life to animals. This is why this paper is so important for me, but I am sure it is also same as important to the world. Now a days Animals in captivity is something that people is staring at more, they are starting to realize that there is nothing moral or ethical in it. There are more than 400 amusement parks and attractions in...
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