...Investment Analysis Paper on Apple Inc. Elijah Clark Walden University Investment Analysis Paper on Apple Inc. Apple Inc. (Apple) is a registered publicly traded company established in 1977 and is currently headquartered in Cupertino, California (Apple Inc., 2015a). The company’s products and services include mobile communication and media devices, portable digital music players, personal computers, software, accessories, services, networking solutions, and third-party digital content and applications. The company sells its products and digital services worldwide through online media, direct sales force, retail stores, through third-party wholesalers, and cellular network carriers. The company sells directly to consumers, small and mid-sized businesses, educational institutions, enterprises, and government agencies. The company’s operations are based in the Americas, Europe, Greater China, Japan, and retail. In 2014, the company’s direct and indirect distribution sales channels accounted for 28% and 72% of total net sales (Apple Inc., 2015a). The unit sales, which consisted of the iPhone, iPad, Mac, and iPod products, was 270,446 million units total within the company’s fiscal year (Apple Inc., 2015a). Board of Directors The 2015 proxy statement of Apple stated that the company annually selects its board of directors, which currently has 10 board members (Apple Inc., 2015a). Shareholders elect board of directors and the Board periodically reviews...
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...Direct Foreign Investment Decision Proposal Paper To Buy This material Click below link http://www.uoptutors.com/FIN-403/FIN-403-Week-5-Learning-Team-Assignment-Direct-Foreign-Investment-Decision-Proposal-Paper FIN 403 Week 5 Learning Team Assignment Direct Foreign Investment Decision Proposal Paper Prepare a 5,250- to 7,000-word proposal in which you select the optimal financing and investment strategy for your scenario. Include the following information in your proposal: Identify which country you chose and why. Identify foreign exchange rate data. Use foreign exchange and cost of capital data to determine appropriate capital sources. Conduct a sensitivity analysis, based on the following questions: What if funds are blocked? How does this affect the parent organization? What if the subsidiary provided funds? How does the source of capital affect the subsidiary and parent organization? What sources of capital would minimize the cost of capital to the subsidiary? What happens if the country you chose provides incentives to invest? Now that your organization is profitable, the country is taking incentives back. How do you determine the residual value at the end of the project life? How is the value of an organization determined from the following perspectives? Expiration of project life Friendly or unfriendly buyout Economic decision to change locations Nationalization or confiscation of organization Identify available alternative investment and financing decisions...
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...Review and Evaluation on ‘Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints’ by Kaplan and Zingales (QJE,1997) The research paper written by Steven N. Kaplan and Luigi Zingales as titled above which was published in year 1997 is to test the relationship linking investment-cash flow with financial constraint. In their research, they found that firm with a low level of financial constraint have a tendency to have a high investment-cash flow sensitivity. However, the findings contradict with the other research paper especially the FHP, 1988 paper. They used the same sample used in research done by Fazzari, Hubbard, and Petersen (FHP, 1988). But they only took the firms from Class 1 in FHP research which is manufacturing firms and classified as low dividend firms with dividend payout ratio with value below 10%, where they believe to be firms with an abnormally high investment-cash flow sensitivity (Kaplan & Zingales, 1997). The reasons why Kaplan and Zingales chose Class 1 firms as their sample are because of the strong connection illustrated between the firm’s investment and cash flow, FHP argue Class 1 firms are financially constrained even the result indicates that the firms have significantly high sensitivity of investment-cash flow, and lastly because the sample size is considered manageable for a costly research design. They follow the same timeline which is from year 1970 to 1984. Research is conducted by first determining the demand...
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...5 Forces Analysis on the Paper Industry Looking at the position of the paper industry relative to the five forces model I had to determine exactly what constituted the paper industry. I had to decide between the Paper Mills Industry and Pulp Mills Industry and ultimately decided to analyze the Paper Mills Industry specifically when it came to paper industry as a whole. The NAICS Code that corresponds to the Paper Mills Industry is NAICS: 322121 or SIC Code 2621. Porter’s Five Forces Model of Competition includes the firm’s, or in this case the paper mill industry’s, position relative to current competitors, suppliers, customers, potential new entrants and potential substitutes. Over the next few pages I will conduct a five forces analysis of the Paper Mills Industry. Current Competitors: The degree of rivalry in the paper industry is the center of the five forces and the other four forces branch off of this. The first aspect to look at is the number and position of companies within the paper industry. There were 445 companies in 2009 and as of 2013 there are now 119 companies in the industry. This industry still has many competitors within the industry and therefor, there shouldn’t be any impact of any particular company. This industry is large enough where these firms can prosper without having to steal market share from each other and this is a positive for the paper industry. The second key factor is the industry growth rate and if there is room to increase revenues...
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...the strategic location also would exist benefits regarding transdisciplinary work between different plants. Benefits that result in a consistent process integration, cross information, facilitating learning, technological exchange and decreased bureaucracies, all factors which contribute to the improvement of production processes and efficiency. In relation to economies of scope, this new project would achieve diversify activities pulping, taking advantage of new technologies in processing focused on expanding other industries. And finally, this new plant, will allow to Arauco, get an horizontal growth that would position him as one of the largest producers in Latin America with Aracruz. Forward integration It means to move into paper manufacturing rather than a horizontal growth, competing...
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...Birch Paper Company Birch Paper Company Question 1 Which bid should Northern Division on accept that is in the best interests of Birch paper company? Answer: Thompson division even through the bid from west paper seems at first to be the best choice. In you calculate out the cost you find that Thompson actually has the lowest costs associated with them. Cost involved: ✓ Costs for Thompson are a:Linearboard and corrugating medium: cost $ 400x 70% * 60% - $168 plus out of pocket: $400x 30% = 120, for a total cost of $ 288. ✓ Cost for west papers would be a total of $ 430. ✓ Cost for Eire papers would be $ 90x 60% - $ 54 (Southern) plus $ 25 (Thompson), and their supplies of $ 432 – 5 - 432 = $ 312 for a total of $ 391. Question 2 Should Mr. Kenton accept this bid? Why or why not? Answer: Mr. Kenton should not accept the bid from west because it isn’t in the best interest of the company, but at the same time with the transfer policy that exists, it is really up to him what is in the best interests of his division. I believe he should accept the bid from Thompson because not only will it result in the lowest cost, but also it will encourage buying from within the company. Question 3 Should the vice president of Birch paper company take any action? Answer: Yes. As if no orders come from top management Kenton would accept the lowest bid. The vice president of Birch should take action in order to remedy the overall problems associated with...
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...Writing from Scratch Our first and the most important guarantee is writing from scratch. It means that we deliver 100% original research papers. We do not have any type of database with research papers and when we get a new order from our clients, we write it from scratch. Our writers are responsible and they do not copy/paste from the Internet or any other source. We reference all sources properly and run the paper through plagiarism detecting software to ensure that not a single phrase is plagiarized! Guarantee #2: On Time Delivery In addition to original content, we guarantee on time delivery of completed research paper. We do no miss deadline and, unlike other site, offer full refunds for the missed deadlines! We understand that you probably cannot allow extra time for paper writing and we try our best to deliver the completed research paper prior or at specified deadline! If we fail, you get full refund! Guarantee #3: English Writers You pay for professional research paper writing and you expect to get a well-written research paper. You do not want to get a university-level research paper written by ESL high school student, do you? We are fully aware of your expectations and we pay special attention to hiring the best English writers. Thus, you get a research paper written in accordance to the instruction and free of errors! Research papers written from scratch, in full accordance to your requirements and instructions is a worthy...
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...VISY PULP AND PAPER PTY LTD ENVIRONMENTAL ASSESSMENT FOR A MAJOR PROJECT TUMUT MILL EXPANSION 436 Gadara Road, Tumut, New South Wales January 2007 H:\Environmental\VPP9 Stage 2\Stage 2\FINAL EA SUBMISSION\Main Report\Visy Tumut Final Env Assessment Main Report.doc Environmental Assessment Submission Under Part 3A of the Environmental Planning and Assessment Act 1979 Statement by Authors Environmental Assessment Prepared By: Name Ms Leanne Hayes Company Visy Pulp and Paper Pty Ltd Position Project Environmental Engineer Qualifications BSc Environmental Biology Address 436 Gadara Road, Tumut, New South Wales, 2720 Co-authored and Reviewed By: Name Ms Alison McRae Company Peter J Ramsay and Associates Pty Ltd Position Associate Qualifications Bachelor of Engineering (Environmental), Bachelor of Commerce Address 3/538 Gardeners Road, Alexandria, New South Wales, 2015 Project Under Part 3A: Application Number 06_0195 Development Visy Pulp and Paper Tumut, Mill Expansion Development Location 436 Gadara Road, Tumut, New South Wales, 2720 Proponent Visy Pulp and Paper Pty Ltd PO Box 98 Tumut, New South Wales, 2720 Certification: I certify that I have prepared this Environmental Assessment report and that to the best of my knowledge: it has been prepared in accordance with Part 3A of the Environmental Planning and Assessment Act and Regulations; and the information...
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...Our homes are full of books of every genre. There are only few people who don't like reading. Accordingly, even the most lazy can't help but keeping on reading if the story is enough engaging. The most of times in our homes we find physical books, rather than digital stories. I think there is a reason for this. What is better than the smell of paper, especially when you buy a new book? It is something inimitable, that never will be replaced. Concerning to this, we cannot not talk about the smell of old books. It reminds you something ancient, of another epoch or of a parallel world. Something beset by an aura of fantastic. On the one hand, I think many people prefer to buy new books, rather than borrow them in library, due to the characteristic smell of brand new printed paper. However, the smell of ancient books cannot be recreated and that’s why, on the other hand, library are so full of requests. There are those who neither care to have their own literary works, nor library books. Actually, they don’t want physical volumes and prefer to have all they would want to read always with them. In other words, they like digital readings. For instance, a tablet make this real. This means you can choose among a great number of possibilities the book you want to read in that particular moment. The advantage consists in the fact that you have not to bring ten different volumes with you, but just one light tablet. Your back will thank you! Likewise, many people prefer digital books...
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...Steps to writing a proper white paper… Use a Linear, Logical Approach: a white paper must be educational, not promotional in tone. And should posses the following objectives: It must attract the right audience. White papers are highly audience specific, it is better to write white papers tailored toward different groups of stakeholders. Must engage the reader; engage by showing them that you understand their problem and that you can “relate”. Or by quickly showing mastery of the subject, through good clear writing. It must inform your reader. Written more like an objective magazine article than a sales brochure. they should objectively present a problem, the business case for solving the problem, and alternative ways of solving the problem. Therefore, the reader gains knowledge from having invested the time to read the paper. Ultimately the reader feels informed, not sold. It must convince your reader; to convince reader to give your organisation consideration based information that you have presented. Example, if your product has a high up-front cost but lower maintenance costs, your paper might include an analysis of ongoing “hidden” costs and a ROI model that shows how a high initial investment might actually be more cost-effective over the life of the purchase. Your Title Is Key to Success of Paper: A creative, meaningful title drives readership, whether you promote your paper online, distribute it at a conference, or pitch it to trade magazine editors. The content...
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...Cards o Studio portraits o MP3 downloads o MP4, PSP, CP Games Downloads o Souvenir Items V. Location ? Near School Area and also in residential place. ? Near Market but secured place. ? Very populated place. VI. Target Market ? People needing photo requirements like ID. ? Students who do their research and projects in school. VII. Competitiveness on the Market ? Affordable photo printing ? Cheapest digital ID ? Fastest services ? Customer Friendly Staff ? Well Ventilated Place. Marketing Strategies o Promo for Discounts/Membership. o Flyers and Posters. VIII. Capital Section 1. Machines/Gadgets * Computer set with 19in. LED Screen With table and chair * Photo Printer with conversion * A4 Paper cutter * A3 Plastic Laminator/li> * Memory Card reader * Bluetooth device * Infrared devices * USB Port * Digital Camera | * 18,000.00 * 10,000.00 * 900.00 * 3,300.00 * 300.00 * 350.00 * 300.00 * 200.00 * 5,000.00...
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...27MAR201319523653 ORCHIDS PAPER PRODUCTS COMPANY 2013 ANNUAL REPORT To Stockholders Dear Stockholders, In 2013, Orchids Paper Products Company experienced record converted product net sales and total net sales levels for the second consecutive year. We continued to broaden our product offerings and experienced additional penetration into the mid/premium tier product markets. Net sales of converted products exceeded $100 million for the first time in the Company’s history. During 2013, we focused on continuing to increase sales of converted product to fully consume our parent roll capacity. Our efforts centered on new product development in both paper making and converting and combining those efforts with an effective sales and marketing plan. As a result, we continued to expand our converted product offerings into the mid/premium tier market, creating new sales opportunities which resulted in shipments of 8.2 million cases, or approximately 53,000 tons, an increase of 16.2% over case shipments in 2012. More specifically, during 2013, our net sales increased 15.4% to $116.4 million compared to $100.8 million in 2012. This included a 21.1% increase in converted product sales. Our sales of mid-tier and premium tier products comprised 37.9% of our unit net sales in 2013, compared to 15.0% in 2012 and 6.8% in 2011. We also focused considerable efforts on controlling production costs while improving quality attributes to supplement the high quality production capabilities of...
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...Birch Case--summary Background: Birch Paper Company is a large and vertically integrated paper company. It has three products: white paper, Kraft paper and paperboard. The company has four producing divisions and a timberland division (supplies pulp). Each division is operated by its manager independently, and each of them is assessed based on its profit and return on investment. A decentralizing policy has been applied by top management, which has increase corporate profits and competitive position. Situation: Thompson division designed a box for Northern division. Each box includes three parts: an inside linerboard, an outside linerboard, and the corrugating medium. Northern division paid for Thompson only the out of pocket cost of its design and development work. After that, Northern has three offers from Thompson and other two outside companies West and Erie. Usually, managers have rights to choose suppliers of materials freely, and may get sales price inside Birch. There are three bids: 1) The bid from Thompson is $480. If Thompson gets the offer, it will buy most of materials from inside Birch. These materials will cost 70% of out-of-pocket costs of $400, and is equivalent to 60% of selling price. 2) The bid from Eire Paper is $430. If Eire gets the offer, it will purchase the outside linerboard from Birch and use its own inside linerboard and corrugating medium. The outside linerboard will cost $120 a gross ($90 is the material from Southern division and $30 is...
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...MANAGEMENT NEW CAIRO PAPER MILL TOPIC NAME LECTURER: DR.TONY JEWELS SUBMISSION DATE: 16.10.2013 STUDENT NAME: KHALED IBRAHIM STUDENT ID: 867438 TABLE OF CONTENT Executive summary ……………………………………………………………………………..3 1.Introduction 4 1.1 mission and vision 4 1.2 Objective of the Study 5 2. Key process in operations 5 2.1 Procurement 5 2.2 Production 5 2.3 Distribution 7 2.4 The sales 7 3. Planning stages and control 7 3.1 Strategic 7 3.2 Tactical 8 3.3 Operative 9 4. Environmental, Health, and Safety for Pulp and Paper Mills 10 4.1 Environment 10 4.2 Occupational Health and Safety 12 4.3 Community Health 13 5. Conclusion 13 List of Figures Figure 1 9 Figure 2 15 Executive summary Paper is a sheet of fibers with a number of added chemicals that affect the properties and quality of the sheet. Besides fibers and chemicals, manufacturing of pulp and paper requires a large amount of process water and energy in the form of steam and electric power. Consequently, the main environmental issues associated with pulp and paper production are emissions to water, emissions to air, and energy consumption. Waste is a gradually increasing environmental issue of concern .Paper production typically involves the following steps: • Producing and acquiring fiber • Chemically or mechanically processing the fiber into pulp • Running the pulp through a paper machine to create large rolls of paper The papermaking...
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...Birch Paper Company Question 1 Which bid should Northern Division on accept that is in the best interests of Birch paper company? Answer: Thompson division even through the bid from west paper seems at first to be the best choice. In you calculate out the cost you find that Thompson actually has the lowest costs associated with them. Cost involved: ✓ Costs for Thompson are a:Linearboard and corrugating medium: cost $ 400x 70% * 60% - $168 plus out of pocket: $400x 30% = 120, for a total cost of $ 288. ✓ Cost for west papers would be a total of $ 430. ✓ Cost for Eire papers would be $ 90x 60% - $ 54 (Southern) plus $ 25 (Thompson), and their supplies of $ 432 – 5 - 432 = $ 312 for a total of $ 391. Question 2 Should Mr. Kenton accept this bid? Why or why not? Answer: Mr. Kenton should not accept the bid from west because it isn’t in the best interest of the company, but at the same time with the transfer policy that exists, it is really up to him what is in the best interests of his division. I believe he should accept the bid from Thompson because not only will it result in the lowest cost, but also it will encourage buying from within the company. Question 3 Should the vice president of Birch paper company take any action? Answer: Yes. As if no orders come from top management Kenton would accept the lowest bid. The vice president of Birch should take action in order to remedy the overall problems associated with this transfer pricing...
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