...Course Name: Economics of Financial Institutions Course Code: ECON 3031 ID#: 620031134 Name: Ronel Richardson Date: July 5, 2013 Introduction In the eyes of the general public the stock market can seem a lot like gambling. Choosing the right time to invest plays a vital role in whether you realize tremendous returns on your investment or simply a loss. The fact that the stock market plays an important role in the health of the economy it leads us to ask the following questions: how the stock market is influenced? Are business performance and stock market performance correlated? The first modern stock market, today called the New York Stock Exchange (NYSE) was established in 1792 in New York City. The purpose of the stock market is to give the opportunity to companies to open themselves up to public investment in order to raise capital. The stock market is composed of a primary market and a secondary market. The primary market is where a company sells shares for the first time or issues new ones. In the secondary market, investors trade securities or assets with other investors, the cash proceeds from transactions go to the investors instead of the company. At this point companies do not have direct control over their stock’s price. There are several areas of influences that affect the stock’s price, which are the wider environment, the supply and demand driven by investors’ confidence, government monetary policy, the Gross Domestic Product (GDP), the unemployment and...
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...On September 21, 2012, the price for a single share of Apple Corporation stock hit an all time high of $705.07. While no one could know with any certainty at the time, between September 21, 2012 and today, January 16, 2013, the price per share would drop approximately $200 per share. Given the fact that Apple is the biggest publicly traded company in the world based on “market capitalization,” a term for the number of outstanding shares multiplied by the price per share, its stock price has been heavily covered by the news media. There are examples of state owned companies that are bigger. Saudi Arabia’s state oil company is significantly larger, for example. But the magnitude of the Apple, combined with the volatility of its stock price, has interested me enough to attempt to understand it, along with some concepts about stock market as a whole. The price of a share of a publicly traded company is determined just like any other product or service in a market place. If the demand for shares of a company is greater than the supply of shares for sale, the price goes up. If the supply exceeds demand, the price goes down. One of the reasons that the price of individual stocks, also commonly referred to as “equities”, can be so difficult to predict is that a stock’s price is determined by human behavior, which is often unpredictable and irrational. I think the $200 drop in the price per share of Apple illustrates this concept. In terms of the company’s market capitalization...
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...address the instant energy needs of the country. Under the power policy of 1996 and 2002, twenty-nine Independent Power Producers (IPPs) have been introduced with gross installed capacity of 8,657 MW. KAPCO, being one of the largest IPPs, has installed capacity of 1,638 MW and dependable capacity of 1386 MW.1 This report is drafted from investor’s standpoint and can help in assessing the financials of KAPCO using following stock valuation frameworks: 1). Warren Buffett 2). Price-Earnings Multiple Approach 3). Capital Asset Pricing Model 4). Financial Ratio Analysis. Section 2 introduces the Company and gives an overview of the stock currently trading at Karachi Stock Exchange (KSE). KAPCO share analysis starts from Section 3 with Warren Buffet qualitative and quantitative pricing frameworks. Thirteen different parameters have been evaluated for qualitative analysis while three different pricing models show that it is better to invest in State Bank of Pakistan (SBP) Investment Bond than to invest in KAPCO share. Section 4 and 5 examine the current stock price using P/E Multiple approach and Capital Asset Pricing Model. Section 6 explains the financial strength, management effectiveness and profitability, efficiency and market ratios using Ratio analysis. The report finally recommends not investing in KAPCO share due to circular debt problems resulting in potential cash-flow crunch, bullish momentum of...
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...Event Coordinator Agreement This Agreement is made effective as of ______________________________, by and between VIVIAN VERNELL EVENT PLANNING & DESIGNS, LLC (VIVIAN VERNELL EVENTS), ADRIENNE VERNELL HUGHES (MANAGING MEMBER) and Client’s Name(s): _______________________________________________________________________. In this Agreement, the party who is contracting to provide services shall be referred to as VIVIAN VERNELL EVENTS and the party who will be receiving the services shall be referred to as “Client(s)”. VIVIAN VERNELL EVENTS represents that they have an extensive background in all aspects of the event coordination profession and access to a full range of related products and service contacts in the (State of Michigan) and surrounding area. VIVIAN VERNELL EVENTS is willing to provide services based on this background. VIVIANV VERNELL EVENTS recommend that all vendors be selected from their list of preferred caterers, rental agencies, wedding officiates, ministers, musicians, bands, D J’s, entertainment, photographers and cinematographer, pastry chefs, hotels, lodges and private estate properties, unless specified and agreed upon by the parties of this Agreement. These vendors and service providers have demonstrated superior professionalism and service contributing to the development of a successful business relationship with VIVIAN VERNELL EVENTS and their clients. The Client or agent of the Client represents that the Client plans for the event...
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...Corporate Finance BWFM 5013 | Discuss the reason why some stocks are considered as a good buy. Give example of such stock. Interested in making investment? however don’t have tips and idea to make this risky decision. As far as you researching, there are many things to look for and everyone will share tips and guide with something different. Listed below, a few checklists that may facilitate and guide you in decision making and identify the obvious loser you do not want to invest in. For my case study, I choose Top Glove (sample) as my preferred stock to buy. The reason why I choose this stock to buy was based on Financial Analysis besides PEST factors. Synopsis of Top Glove activities Top Glove Corporation Berhad and its subsidiaries (“Group”) is well positioned as a manufacturer of gloves with a diversified product base ranging from latex, surgical, nitrile, household, clean room, vinyl to polyethylene gloves, earning itself a reputation as a one stop glove sourcing centre offering an extensive and complete range of high quality, high value added and cost effective rubber gloves. The group has evolved from a glove manufacturer to a comprehensive rubber glove manufacturer complemented by upstream activities such as latex concentrate plants and in the future rubber plantation. With its good and established corporate culture and business direction of producing consistently high quality gloves at efficient low cost, the group has embarked on an impressive expansion...
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...interactional justice Pachsiry Chompukum Chulalongkorn University Abstract Businesses are facing up to high competitive pressure, especially banking industry. After 1997 crisis, banking industry meet more challenges from new financial landscape. Aiming to improve organizational performance, they have been adopting management tools, namely performance management. To enhance impacts of performance management, it is important to understand employees’ perceived performance management effective since the process requires high involvement and commitment from employees. Data were collected from 476 employees in the four largest banks in Thailand. Results from structural equations analyses support hypothesized model that attitudes towards performance evaluation directly relate to perceived performance management effectiveness and interactional justice mediates the coaching- perceived performance management effectiveness. Discussion, limitation and future research are included. Keywords: Banking industry in Thailand, Banking industry and performance management, Effectiveness and performance management, Interactional justice, Performance Management. . This research was supported by Chulalongkorn University Centenary Academic Development Project. Performance management, Page 1 Journal of International Business and Cultural Studies INTRODUCTION The increasingly competitive environment of the 1980s, which continued throughout the recessionary 1990s still remains a dominant factor today...
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...Paper, Scissors, and Other Investment Techniques (UOP) FIS 240 Week 5 DQs (UOP) FIS 240 Week 6 CheckPoint: So Many Businesses, So Little Money PART 1 OF 2 (UOP) FIS 240 Week 6 CheckPoint: So Many Businesses, So Little Money PART 2 OF 2 (UOP) FIS 240 Week 6 Assignment: Analyze This (UOP) FIS 240 Week 7 DQs (UOP) FIS 240 Week 7 CheckPoint: Income that Sticks PART 1 OF 2 (UOP) FIS 240 Week 7 CheckPoint: Income that Sticks PART 2 OF 2 (UOP) FIS 240 Week 8 CheckPoint: Lifetime Investment Matrix PART 1 OF 2 (UOP) FIS 240 Week 8 CheckPoint: Lifetime Investment Matrix PART 2 OF 2 (UOP) FIS 240 Week 8 Assignment: Living the Easy Life (UOP) FIS 240 Capstone Discussion Question (UOP) FIS 240 Final Project: Investment Policy and Portfolio Evaluation (UOP) ____________________________________________________ FIS 240 Week 1 CheckPoint: Is Time on My Side (UOP) For more course tutorials visit www.tutorialrank.com Resources: Appendix D and the Time Value of Money multimedia (enter into the Axia College student webpage first then copy and paste the link into the open browser) TUhttps://ecampus.phoenix.edu/secure/aapd/UBAM/Libraries/Flash/TVM.swfUT. Due Date: Day 5 [post to the Individual forum] Complete your responses to this week’s CheckPoint in Appendix D. Post the completed...
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...Avon Case Study Brief information about the domain of the company Avon is New York based 125 year old beauty product manufacturer that appoints the manufacture and marketing of beauty and fashion products, which has for over a century left a mark on millions of people throughout hundreds of countries The Company covers primarily North America, Latin America, Europe, and Asia Pacific. Avon’s products are classified into three categories: Beauty, Beauty Plus, and Beyond Beauty. The “Beauty” category consists of cosmetics, fragrances, skin care, and toiletries; “Beauty Plus” includes fashion jewelry, watches, apparel, and accessories; and “Beyond Beauty” comprises home products, gift and decorative products, candles, and toys. Avon earned a great reputation with its direct selling technique. This technique consists of selling the products directly to distributors or final consumers rather than trading companies or other intermediaries in order to accomplish greater control over the marketing function and to earn higher profits. The status of the company that led to its Determination that a change was necessary Several decades ago, Avon brought a perfect sagacity on many wives stayed at home, and some overprotective husbands didn't want them out shopping. Avon jumped up to the marketing arena with its growing fleet of representatives offering...
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...Morgan Stanley 1. What is your assessment of the new performance evaluation process at Morgan Stanley? Ⅰ.BUSINESS GOALS & ACCOMPLISHMENTS I am good at “Market penetration”, “Cross-selling”, “New product development”, “Key relationships/enhanced”. But my weakness is “Expense control/profit enhancement”, “Capital usage/risk management”, “Client upgrades/downgrades”. Ⅱ. PROFESSIONAL DEVELOPMENT ①What do you consider to be your three greatest strengths? “Market penetration”, “Cross-selling”, “New product development” ②What attributes should you develop to enhance your professional effectiveness? The risk management. ③What skills and abilities are currently underutilized which you would like to put to greater use? The Human resource management skills. ④What are your longer-term career goals at Morgan Stanley? To be the top stock investment experts in Morgan Stanley. ⑤What training, other job experiences and /or Divisional management support would help you reach your goals and improve your effectiveness? Learning more about the stock investment. 2. In what ways will it enhance or detract from the firm’s strategic objectives? The Office of Development collected these forms and consolidated all of the data into a 10-20 page document for each person being evaluated. This document was officially called the Year-End Data Packet, but was informally known as "the book." This raw data (which were anonymously reported from subordinates, but was clearly identified...
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...evaluate the performance of both individuals and business units. Organizational architecture is the framework of company departments such as managerial chain of command, the duty description and responsibility of each position. Corporate culture includes the ways work and authority are organized, the way people are rewarded and controlled for their work, as well as taboos, customers, heroes, slogans, and social rituals. The three elements of architecture help form the existence of how a culture is developed. A prime example is Merrill Lynch. Merrill is a well know investment company that manages the portfolio of investors. It suggested to its client to buy Info Space though, internally, analyst knew the stock had tanked in price. They were never upfront about selling the stock. Their ethical violations caused shockwaves in the investment community forcing other to ensure measures were in place to prevent a disaster. Merrill Lynch had developed a culture of deceit and mistrust amongst it clients. It would seem to me the Merrill Lynch lacked the leg of the architecture; the structure of systems to evaluate the performance of both individuals and business units, which created this type of culture. 2. (10 pts.) Billy Riggan is in charge of all technical developments at Always Round Tire. He makes all the choices concerning...
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...Portfolio Evaluation This homework will assess the performance of your portfolio that you created on Bloomberg at the beginning of class. I. Portfolio: 1. Provide a print out of the portfolio you formed at the beginning of the semester. Hint: Go to Bloomberg and type PRTU. Then choose your portfolio by clicking on it: print and provide that screen which lists what you bought, on what date and at what price Example: 2. Click on 4) ANALYZE on the red bar to go to performance analysis, and you will view your “Holdings” (gray tab). (You can also get to that screen by typing PORT in Bloomberg.) There are several other gray tabs. Click on “Performance”. 3. Click on the “Total Return” gray tab on the second row. Choose “Maximum range” for “Time” so you can see your overall performance and leave the ‘Freq’ as ‘Daily’. Print that screen to submit with the homework: Example: 4. To extract the portfolio returns in Excel, click on the red tab “12) Actions” “Generate Report” “Current Tab (Unformatted xls)”. 5. Save it and you can do the performance analysis in Section III below in Excel. You just need a benchmark first … II. Benchmark 6. Select an ETF benchmark for your portfolio, e.g. DIA (Dow Jones), SPY (SP500), QQQ (Nasdaq) or a sector ETF (like XLE, XLF, …). The point of the benchmark is that it represents a similar investment style, i.e. U.S. large stocks (DIA), tech stocks (QQQ)...
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...RESULTS-BASED PUBLIC SECTOR MANAGEMENT A Rapid Assessment Guide PLAN EVALUATE BUDGET RESULTS MONITOR IMPLEMENT i RESULTS-BASED PUBLIC SECTOR MANAGEMENT A Rapid Assessment Guide © 2012 Asian Development Bank All rights reserved. Published in 2012. Printed in the Philippines ISBN 978-92-9092-838-6 (Print), 978-92-9092-839-3 (PDF) Publication Stock No. TIM124978 Cataloging-In-Publication Data Asian Development Bank Results-based public sector management: A rapid assessment guide. Mandaluyong City, Philippines: Asian Development Bank, 2012. 1. Managing for development results 2. Results-based management 3. Public sector. I. Asian Development Bank. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB), its Board of Governors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating...
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...Disaster assessment and recovery plan Robert Favinger Everest University Disaster assessment and recovery plan A small convenience store recently suffered an unforeseen incident arising from the carelessness of one of its customers. This resulted in a lot of damage in terms of people, building damage, stocks and utilities and a temporary halt to normal business operations (Walzer, 2009). The incident caused a lot of panic among shoppers and personnel causing a stampede towards the other end of the store. Five people were among the injured. Two were shoppers, a cashier, a shelf attendant, and a supervisor. The young child did not suffer any injuries. Emergency services were quickly contacted and the injured were transported to a nearby hospital for treatment. After every one had been safely evacuated from the store, a thorough disaster assessment was conducted. The store’s insurers determined that the store had suffered extensive damage on its front section of about 54% (Insurance Information Institute, 2014). Damage to the rear section which was used as the emergency exit was calculated as 3%. Many products on the display stands were damaged especially glass bottles and jars as well as goods on the pathway leading to the rear exit. Most of the utilities were left intact though computers and accessories at the front entrance were written off. No damage was registered in the frozen foods section, as there was no loss of power. Business recovery was estimated to require...
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...in insisting that the job, not the person be evaluated? Explain you answer. As chairperson of Leeper Lingerie’s job evaluation committee it was Keith Hopson’s duty to lead the committee to fair and accurate evaluations of all positions within the company in comparison to each other. Keith was absolutely justified in insisting the job, not Geneva Hayes be evaluated. Kara Allison, a contributor for eHow, described exactly what Keith expressed about the purpose of job evaluations in her article “Types of Job Evaluation Systems”. According to Allison, “The process of evaluating a job involves systematically determining the value of a position within an organization. It differs from performance evaluations and assessment in that the main goal of a job evaluation is to rate the job in itself, not the person responsible for doing it”. Keith’s response to the suggestion by Bob to begin the meeting about reevaluating Geneva instead of “the receptionist” position was absolutely correct, the objective of the meeting was to “develop internal standards of comparison and measure relative job values within the organization (WorldatWork, 2007, p205)”. This committee was not enlisted to conduct performance reviews or in any way determine the abilities or effectiveness of the employees who are working within the positions being evaluated. The person based evaluations are to be conducted by those individuals’ supervisors. By allowing the perceived performance of an individual to taint...
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...https://www.blogger.com/blogger.g?blogID=5649485182751853952#editor/target=post;postID=821891962334217847 LO2 Understand issues of large-scale food production Production: project design and management; product quality and saleability Packaging: role of packaging in demand and acceptance; technological developments; materials; environmental issues; distribution channels Equipment: appliances and their versatility; new equipment requirements; staff training; operating procedures Technology systems: types eg testing and evaluation equipment, analysis software and hardware, temperature controls and recording, storage monitoring, stock rotation systems LO3 Be able to investigate food quality using subjective and objective tests Subjective tests: tests eg taste, colour, texture, smell, flavour, overall acceptability. Objective tests: physical; chemical; microbiological and organoleptic techniques LO4 Understand responses of customers to new products Evaluation techniques: market research; questionnaires; focus groups; tasting panels; pilots; sampling; validity Process: identifying opportunity; selecting sample; establishing procedure; recording and analysing results UNIT 30: NEW PRODUCT DEVELOPMENT IN FOOD Learning outcomes...
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