Name: Instructor: Subject: Date: Corporate valuation: Archer-Daniels-Midland Company ADM (Archer-Daniels-Midland) company is one of the world’s largest food processing firms operating over 270 plants worldwide and operating in over 75 countries. Headquartered in Decatur, Illinois, the company is listed on the New York stock exchange main board and is a part of the S&P 500 index. The company is one of the most admired in the US and internationally being named the world’s most admired food production
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Renewable and Inexhaustible Energy Sources: Wind Power For over two thousand years, mankind has harnessed the wind for power in one way or another. The first uses were for water travel, by letting manufactured sails catch the wind and allow the boats or vessels to travel seamlessly across the water. Eventually, it was realized that the wind all around the world will not run out, it is a semi-constant force. Therefore, wind started to be used to power other things; mainly for farms and small workshops
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Midland Energy Resources, Inc.: Cost of Capital Case Objectives This case gives you a chance to apply our ideas about cost of capital (WACC) to a real firm with separate divisions. Assignment You are a team of Finance Professionals with experience in analyzing the cost of capital for divisions of companies and companies overall. Janet Mortensen has been struggling with her calculations, wondering if her application is correct given the amount of grumbling she has heard. She has asked
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财务管理案例一翻译稿 Midland Energy Resources, Inc.: Cost of Capital 2007年1月下旬，负责Midland能源项目融资的高级副总裁，Mortensen，正在编制Midland及其三个主要业务部门的年度资金成本估算报告。Midland是一个全球性的能源公司，其主要业务为石油和天然气勘探生产（E＆P），炼油与销售（R＆M），以及石化业务。综合起来看，该公司2006年营业额和营业收益分别为248.5亿美元和42.2亿美元。 在Midland内部，很多的分析需要用到资金成本估评，包括：资本预算和财务核算，绩效评估，M&A 提案，以及股票回购的决定。这些分析有些是在部门或业务单位层面来完成的，有些是在公司层面来完成的。早在20世纪80年代初，Midland的企业财务人员就已经开始为公司以及各部门编制年度资金成本估算。然而，由财务人员编制的估算却常受到批评，公司的各部门领导有时会对特定的假设以及使用的数据提出质疑。 2002年，Mortensen，一位直接受命于CFO的资深分析师，被指派去完成Midland公司股票回购资金成
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Who Is Archer Daniels Midland? Archer Daniels Midland Company (ADM) is one of the world's leading processors and distributors of agricultural products for food and animal feed, with additional operations in transportation and storage of such products. Archer Daniels Midland was founded in 1902 and incorporated in 1923. Since then, ADM has made a major impact in American productions. In 1902, the founders George A. Archer and John W. Daniels began a linseed crushing business in Minneapolis, Minnesota
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is on the full exploitation and value addition to the country’s own abundant resources with the vision “Towards an empowered society and a growing economy” and the mission “To provide an enabling environment for sustainable economic empowerment and social transformation to the people of Zimbabwe”. The government focuses on promoting equitable development and prosperity for all Zimbabweans whilst leveraging own resources and also ensure sustainable growth and development of the economy by, among other
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Chemical Company, and American Chemical and Plastics manufacturer is one of the globe’s prominent suppliers of chemicals, plastics, synthetic fibers, and agricultural products. Dow Chemical was originated by Chemist, Herbert H. Dow, of Midland in 1897. Dow was to support Midland Chemical Company in 1890 and the Dow Process Company of 1895(Dow Chemical Company, (2012)). What is a SWOT analysis? What does a SWOT analysis deliver in regards to organizations; it is a tool that categorizes the strengths,
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development, as it focuses on the environment, economy and social factors of the country. 2.0 Introduction The Water for life white paper was published by the Department for Environment on 8 December 2011. It was introduced because the water resources in the UK are under pressure due to the growing population and increase in usage of water over the years. The main purpose of the paper is to
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are very high and it is far from clear that the benefits will outweigh them; • Retail electricity competition will result in a transfer of costs from large to small consumers because large consumers have the incentive, negotiating skill and resources to get the best deal from the market; • Within small consumers, it will be the poorest consumers that do worst because competing retail suppliers will target rich consumers who consume more and who will be more likely to buy other services
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New York City's population increased sixfold in 35 years, reaching 600,000. According to Merriman, an increase of 506,000 people occurred in Paris between 1801 and 1851 (p.577). Smaller towns united, creating megalopolises, including "the English Midlands, central Belgium, and the Ruhr district of Germany" (p.560). This rapid increase had consequences: firstly, cities and towns became overpopulated, which worsened the pollution. In urban cities, a number of families shared small, cheap houses that
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