Acceptance Fraud

Acceptance Fraud
Title: SECURITIZATION AND SUBPRIME CRISIS: A CRITICAL ANALYSIS OF THE
ROLE OF CREDIT RATING AGENCIES
Dr. Quamrul Alam
Department of Management
Monash University
Email: quamrul.alam@buseco.monash.edu.au
Phone: +613 99031030
ATM Tariquzzaman
Postgraduate student
Faculty of Business & Law
Deakin University
Melbourne, Australia
Email: atm_zaman@hotmail.com; tuz@deakin.edu.au
Mohammad Abu Yusuf
Department of Management
Monash University
Mohammad.yusuf@buseco.monash.edu.au
Phone: +613 99034662
SECURITIZATION AND SUBPRIME CRISIS: A CRITICAL ANALYSIS OF THE ROLE OF CREDIT RATING AGENCIES
ABSTRACT
Rating agencies play a vital role in converting illiquid assets in to marketable securities. This paper ... Show more content on Helpwriting.net ...
Banks however, are required to report a part of the ABS as liabilities that they guarantee through credit enhancement provisions (Wolfe, 2000).

By securitising assets and removing them from their balance sheet, banks can use the cash proceeds for a number of reasons such as to reduce deposit
levels, retire a debt, and buy back share capital (Wolfe, 2000). Twinn (1994 in Wolfe, 2000) shows that as capital requirements of bank increases, so
does the absolute quantity of assets securitized. Banks willing to expand their loan provision business without increasing their capital or liabilities
resort to securitization. Corporate issuers securitize to efficiently access capital markets in lieu of intermediated debt finance at a cost of capital, which
would not be possible on issuer's own credit rating more efficiently (Jobst, 2006).
The securitized lending function has three steps: originate, sell, and service. When servicing rights are sold, securitized lending can be reduced to a
two–step process; originate and sell (Sinkey, 2001). By contrast the traditional approach of bank lending is balance–sheet lending, which has four
functions: originating, funding, servicing, and monitoring.
Originating refers to making the loan, funding implies that the loan is held on the balance sheet, servicing means collecting the payments of interest
and principal, and monitoring means to
... Get more on HelpWriting.net ...

Limitations for Sme Internationalisation
Table of Contents Literature review3 SME internationalization6 Barriers8 Internal barriers11 External barriers17 Conclusions20 List of literature22
Literature review The first article I used was "SMEs' Barriers Towards Internationalization and Assistance Requirements in the UK" published in Journal
of Small business and Entrepreneurship. Existing studies have identified a number of barriers, both perceived and actual, that affect firms'
internationalization. Arguably, these factors have primarily been identified via an exporting perspective that has tended to feature heavily in previous
studies in comparison to firms engaged in multiple modes of market entry (joint ventures, licensing, etc.). This paper reports... Show more content on
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These constructs include firm's specific barriers, institutional barriers, foreign market industry barriers, and lack of government support. Foreign market
industry barriers and lack of home government support were seen as factors distinguishing between successful and unsuccessful exporting firms. SME
internationalization By definition, SMEs are "small and medium–sized" enterprises. The most standard classification of SMEs is by number of
employees although sometimes revenues are also used. Many SMEs are of a stable size and are content to remain small. Firms in this category include
many family businesses, most sole proprietorships and many other micro, small and medium sized firms. While SMEs are clearly a large and critical
part of most economies around the world, SMEs differ greatly in their growth orientation. The term "SME", which describes a firm's size, is therefore
not adequate for measuring entrepreneurship or anticipating internationalization of firms. Growth orientation as well as both the inclination and ability
to internationalize are important characteristics in SME internationalization. Entrepreneurs can actively compete in the international market through
five avenues: exporting, importing, joint ventures, direct foreign investment, and licensing. Further I will analyse all the options. * Exporting When an
SME entrepreneurial

Lululemon Case Study
Assignment 1
Case Study Lululemon 1. Considering the five forces of competition and how they direct the profit potential for a given industry, discuss how the forces
help explain Lululemon's performance.
2. The resource–based model assumes that each organization is a collection of resources and capabilities, which provide the basis for a firm's strategy
and its primary source of above–average returns. Use this this model to outline Lululemon's core competencies and how their capabilities will need to
evolve to sustain above–average returns. Compare the resource–based model to the Industry/Organization model with respect to their ability to explain
and clarify how Lululemon succeeds.
3. Strategic competitiveness results when ... Show more content on Helpwriting.net ...
That's nearly unparalleled in a soft retail environment where many chains are closing stores, not opening new ones.
The company's success in yoga wear is part due to its effective brand connection with its customers. Lululemon, which operates over 120 stores in
Canada, the United States, and Australia and Hong Kong, has tapped into a demographic underserved by athletic brands – women – and competitors
don't want to be left behind.
Lululemon's success is attributed to a business model that marries fashion with functionality, quality and lifestyle, a grassroots branding strategy unlike
its competitors and owning the distribution of its products. Its intimate boutique–style stores appeal to women who want the premium customer service.
Lululemon reaches out to local fitness instructors, driving brand awareness through word of mouth. Their stores and showrooms offer free classes,
workshops and community events. Lululemon focuses its business activities towards building a strong community legacy. Wherever a retail store is
located, Lululemon connects with yoga, health and athletic leaders to become partners in building healthy communities with people who share
Lululemon's values of: Quality, Product, Integrity, Balance, Entrepreneurship, Fun and greatness
Lululemon isn't just in the innovative trendy clothes they sell. It's the concept behind what drives the store within their local neighborhoods and
communities, and how employees become real Lululemon

BSBMGT617A Develop and implement a business plan Essay
Business Plan ProFound Marketing Consultancy Sydney, Australia November 3, 2013 Table of Contents Sl# Section Page no. 1.0 Overview 3 1.1
Vision 3 1.2 Mission 3 1.3 Objectives 3 1.4 Values 3 2.0 Market Requirements & Customer Profile 4 3.0 Services 5 4.0 Pricing Strategy 5 5.0 Resource
Requirements 6 5.1 Financial & Physical 6 5.2 Human 7 6.0 Legislative Requirements 7 7.0 Stakeholder Consultation 7 8.0 30 day Start–up Action
Plan 8 9.0 Business Performance Monitoring Plan 8 9.1 Key Performance Indicators 8 9.2 Ratios 9 References 10 Appendices – A, B & C 13–14 1.0
Overview ProFound Marketing Consultancy (PMC) is a startup partnership between Mr. AB Ace and Mr. PQ Perfect. It will provide business
... Show
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However, at this stage, they need effective and cost–efficient marketing strategies and plans to survive and grow. They usually do not have big budgets,
and are often less experienced in the modern ways of marketing. However, they spend a larger portion of their revenues (17.8%) on marketing
(Moorman 2012). Being a start–up firm with low overheads, PMC can empathize with the challenges being faced by the smaller businesses, and
provide tailor–made services at reasonable price. It can also connect at a personal level with the founders to understand their vision for the business.
The consultancy market is highly competitive with both freelancers and big agencies targeting the SMBs. PMC will attempt to differentiate itself with
customized professional services and innovative ideas which use appropriate data and market intelligence. The personalized approach will make the
client get maximum attention from the best professionals in the firm. 3.0 Services PMC will provide its consultancy services for Brand Development,
Online Advertising, Social Media Marketing, Market Surveys & Research and creation of Advertising Material like Brochures. The firm will
specialize in online marketing / branding, especially using the power of social media and leveraging other emerging trends. Based on the requirement
of the client, the firm will offer its advice and / or create marketing strategies, implementation plans, campaigns

Vsm Group: Examination of Strategic Position and...
1. INTRODUCTION Johnson, Scholes and Whittington (2005, p. 9) define strategy as the direction and scope of an organisation over the long term,
which achieves advantage in a changing environment through its configuration of resources and competencies with the aim of fulfilling stakeholder
expectations. Strategy is therefore the long term direction of an organisation.
Strategic Management can be defined as the art and science of formulating, implementing, and evaluating cross–functional decisions that enable an
organisation to achieve its objectives (David 1999, p. 9). Strategic management therefore focuses on the activities of the organisation that contribute to
the achievement of organisational success. These ... Show more content on Helpwriting.net ...
3.1.PESTEL Political variables Political stability in Sweden and the United States. The prevalence of foreign trade regulations in the USA.
Economic variables Decline in demand for sewing machines in past two decades. Decline in industry profitability. Low sales in respect of Pfaff within
three years of acquisition. High production costs in the German Pfaff plant. Investment by Juki and other industry players into the US market.
Socio–cultural factors Not using a consultant for the strategic planning weekend meeting made the strategy process unstructured and was a shift from
the company's way of doing things. Encouraging participation in the strategy process by middle management through a series of seminars. The
adoption of the strategy document changed workers' attitudes. The strategy document served as a guide on operational matters. The mission statement
was frequently promoted in the company's public relations. Focus shift from technical features to customer satisfaction.
Technological variables Extended support for business development to encourage retailers to carry the Husqvarna Viking product line exclusively.
Cooperation with Jo–Ann Fabrics & Crafts, a large retailer of fabrics with over a thousand stores throughout the USA, setting up small sewing machine
outlets inside their fabric stores.

High School Dream : A Short Story
We were all teenagers once living the high school dream. Most high school girls are the same, they plan out their entire life and expect everything to
fall into place exactly like that. We don't realize how much work one really has to put into being a grown up. Unfortunately, I fell under that category
and now I'm here trying to provide for my family, because I have a deadbeat husband who is still trying to live out his glory days of high school. Yes, I
married my "high school sweetheart" Travis. I decided to listen to him and stay close to home for college because that's what he wanted to do with
his life. Travis liked that small town feel. He didn't believe that any other place would feel right to go to if it wasn't like home. I was in love and
couldn't stand the thought of losing him, so I listened. Letting someone else decide my future was my first mistake. I needed those college party
years just like everyone else does. To get away from my family and old friends. I was tired of the small town feel where everyone knew about all
the mistakes I had made. I needed a place to start over. A new home. Not a place that was two hours from home, with the same exact setting, just
different people. Well that was just what I got when I arrived at college. A couple years later I got pregnant and any hope I had of finishing college was
gone. I was able to finish my sophomore year of college, but after that I was done, which meant so was Travis. Life went way

Visual Qualitative Research Paper
According to Shannon, (2013) qualitative research is guided by philosophical and personal assumptions as well as informational and theoretical
frameworks that enlighten the research and writing processes. The goal is to understand human experiences from the perspective of those who
experience them, methods are characterized by use of inductive logic, subjectivity, lack of reliance on statistical analysis and dependence on personal
interviews or other less structured methods of data collection. For this reason, a visual qualitative method of inquiry known as photovoice will be used
to examine women's social service needs in relation to domestic violence.
Domestic violence denotes acts of violence that occur between people who have, or have had, ... Show more content on Helpwriting.net ...
Such problems impede their recovery and ability to regain control over their lives (Phillips & Park, 2006). This results because domestic violence
directly affects women's financial security in key areas of life: debts, bills, accommodation, legal issues, health, transport, migration, employment, social
security and child support (Arney & Scott, 2010). In this regard women need financial support to bridge the financial gap so that they become
self–sufficient. In addition, Arney & Scott (2010) state that domestic violence is traumatizing and counselling services should be availed for social and
emotional support.
It is against the mentioned background of domestic violence that the author chose to use photovoice as a visual and innovative method so as to assess
women's social service needs. Photovoice is a research and action method that, according to Wang (1999), enables individuals to identify, represent and
develop their community through a specific photographic technique. The method allows researchers to access voices of silenced populations, thus
shedding light to what has been happening behind closed doors, and kept silent for women who have experienced domestic violence (Wang & Burris,

Lululemon Athletica Analytic Essay
Case Analysis #1 Problem Essay Lululemon Athletica Inc Samuel Ellison Presented for: Professor Kannangara Sunday, March 6th, 2016 BUSI4003
Introduction Lululemon Athletica Inc., founded in 1998 in Vancouver by Chip Wilson, is a company which designs and produces high
–end yoga and
technical athletic clothing. They have operated primarily in North America and Australia; their initial target customer was an educated woman who
lives an active and healthy lifestyle. They opened their first store in Kitsilano in BC in November, 2000. The first store was intended to act as a
community hub where people could learn and discuss about the physical aspects and mental aspects of a healthy life, in addition to selling yoga
clothing.... Show more content on Helpwriting.net ...
The company plans to launch stand–alone men's stores by 2016 and expand their business globally. That same day, the company announced plans to
quit the Toronto Stock Exchange (TSX) due to a lack of trading on the Canadian exchange, stating that the expenses associated with having a dual
listing were not justifiable(Nichols, 2016). The one remark that sent the media in a frenzy was in response to the public criticism of the sheer yoga
pants, Wilson explained, "Quite frankly, some women's bodies just actually don't work for it. Even our small sizes would fit an extra–large(Nichols,
2016). It's really about the rubbing through the thighs, how much pressure is there." This statement triggered massive social outrage that was felt
throughout many media platforms(Nichols, 2016). With this media "fire–storm" it was clear that Mr. Wilson needs to be reprimanded in the sense of
being taught to speak to the media. Christine Day has stepped down from the CEO position and corporate will need to select another leader. To break
down the analysis of the case I believe is it best divide aspects of the case and as well what they should do into categories such as : Economics,
Sociocultural, Demographic, and Technological. These would all be considered apart of all external aspects. Economic: Continued economic struggles,
especially within the European Union, have the potential to negatively affect Lululemon's international expansion(Thomas

The Resilient Australian Economy : Australia Essay
The Resilient Australian Economy
Australia has been one of the few developed nations to remain largely unscathed by the global financial crises of 2008 – a crisis, which has left in its
wake seemingly intractable problems of unemployment, large government debts, financial fragility and political unrest in Europe, Japan and North
America (McAuley 2012). This would be further explored in the essay.
Composition
The Australian economy faces new challenges like the high exchange rate of Australian dollar that has impacted the international competitiveness of its
trade activities, mainly manufacturing. Another long–run challenge the economy faces is the dependence of Chinese economy, as they are major trade
partners. The future will depend on how the Australian economy prepares itself with corrective/reactive policy measures, trade agreements, and
innovative strategies to keep Australia's dream run of prosperity.
Chart 4: Industry Value Added and Employment, 2014
Source: ABS
The Chart 4 shows the composition of Australia's economy with the value added by each industry in the year 2014. Though mining still enjoys a high
contribution to the economy, it is on a slow decline and will continue declining as the composition shifts. A variety of factors can affect the decline such
as depletion of natural resources, climate change and change in strategy by the government. The technological know–how & progress along with high
exchange rate has had an impact on the composition. Thus,

The, Canada, And Inc.
Chairman Dennis "Chip" Wilson founded Lululemon Athletica Inc. in 1998. The Vancouver, Canada based Lululemon Athletica Inc. designs and sells
yoga apparel under the Lululemon Athletica and Ivivva Athletica brands, to the trendy athletic consumer. They operate in 250 companies owned store
in North America alone in 2015, they also have stores in Australia and New Zealand. Lululemon has 8,628 people employed as of 2015. Their
primary design apparel for women that like to run, do yoga or dance, the company also offers a men's line. A third–party in Taiwanese constructs the
attire, which is then distributed to the different stores in Canada, North America, and Australia.
Geographic Reach and Operations
Sixty percent of Lululemon's sales ... Show more content on Helpwriting.net ...
They also opened up their first store in Singapore in 2014. The company plans to open about twenty new stores in Asia and Europe each by 2017.
They are trying to have enormous geographical reach expanding all over the world.
Marketing
"Lululemon's target customer is a sophisticated, educated, physically active women, who can afford to spend upwards of $80 on a pair of yoga pants" (
Lululemon Athletica Inc., Company Profile from Hoover 's). Their marketing approach is very community based. Although the company is more based
on yoga apparel, they want to promote more healthy life style, getting out, drinking water, exercising.
Their ambassador program also helps the company grow they have elite athletes being their ambassadors like cyclist Ryan Leech. Design for the
product is one of the most important things; it makes you stand out from your competitors. Lulu design team is based out in Vancouver. Lulu had
created fabrics like Luon (breathable and cottony soft) and Silverscent (helps you not smell when you sweat) in partnership with apparel
manufacturers, to make their products. They are also in the progress of developing fabric that protects you from UV. If you are like me, you know just
by the touch of fabric if it's Lululemon or not. It has such a significant touch, depending on what you get. These are great for marketing it makes
Lululemon different from their competitors.
In 2014 Lulu opened its fist men only apparel store in Soho,

Globalization In Australia Essay
What is globalisation? How has globalisation changed over the past 30 years, and what has led to these changes?
Globalisation is the process of trade of cultural change due to which the world is increasingly becoming interconnected. It has increased the
production of goods and services. While globalisation has been taking place for hundreds of years, it has greatly sped up in the past half–century. It
has resulted in increased trade, multinational corporations, greater dependence on global economy, freer movement of capital, goods, and services and
recognition of companies (like McDonalds, Starbucks) in LEDCs (less economically developed countries). http://www.bbc.co.uk/schools/gcsebitesize
/geography/globalisation/globalisation_rev1.shtml ... Show more content on Helpwriting.net ...
Which nations does Australian have Free Trade agreements with? Comment on whether you think Free Trade Agreements are good or bad for Australia.
FTAs are international agreements which are signed to remove or reduce trade and investment barriers between countries. FTAs help Australian
business to grow and attract investment. They also help in expand export markets for Australia, reduce imported input costs, help Australian businesses
invest overseas more easily and attract overseas investors to Australia. FTA's open a country's access to other country's markets for goods, services and
investments. Australia currently has ten FTA's with China, Japan, Republic of Korea, New Zealand, Singapore, Thailand, US, Chile, Malaysia and the
Association of South East Asian Nations (ASEAN). There are six FTAs in which Australia is currently engaged: two bilateral negotiations with India
and Indonesia, four plurilateral FTA negotiation: the Trans
–Pacific Partnership Agreement (TPP), the Gulf Cooperation Council (GCC), the Pacific
Trade and Economic Agreement (PACER Plus), the Regional Comprehensive Economic Partnership Agreement (RCEP) and the Trade in Services
Agreement (TiSA). The Australian Government supports the negotiation of comprehensive FTAs that are consistent with the World Trade
Organization (WTO) rules and guidelines and which complement and reinforce the multilateral trading

Analysing the Macro-Environment
Macro–environment analysis of The Coffee Company for the Chai Latte powder product
The Coffee Company is 100% privately owned and operated company. It has been in operation since 1998 and has over 10 years experience in the
coffee manufacturing market. The Coffee Company provides fresh roasted coffee to over 1000 food service customers across Australia and its retail
products are available in leading Australian retailers. The Coffee Company plant is based in Moorabbin and uses market leading production methods
to deliver consistent quality and flavour. The Coffee Company has sales offices in all the Australian capital cities. The current product range consist of
coffee beans, ground coffee and liquid chocolates in a variety of ... Show more content on Helpwriting.net ...
The Coffee Company's Chai Latte powder product is dependent on the natural environment for the raw product of tea and spices. As a result the
potential to use organically grown products is central to the marketing strategy. The Coffee Company could focus the marketing campaign on its use of
organic products. Positioning the product or advertising campaign in this way makes consumers made aware of the availability of a product that is
consistent with their environmental and health concerns.
Technological Environment
The technological environment consists of those forces that affect the technology, which creates new products, new markets, and new marketing
opportunities.
Technology is acknowledged to be changing at a rapid pace. The pace of change creates opportunity as well as challenge to ensure appropriate
investment in being made in up–to–date technology, which allows an organization to out–pace or, at least, keep up with their competition. Technology
has the capacity to impact methods of manufacturing as well as logistics, delivery or distribution of goods. Driving innovation via the use of new
technology, competitive advantage can be gained by lowering the cost of manufacturing products while also providing speed to market, ahead of the
competition.
In addition, the Internet is also

Salvoss Law Case
Since its creation in 2010, Salvos Law has conducted over 11,000 pro bono cases in Australia. Salvos Law is a firm under the ABS structure and is
apart of Salvation Army and is comprised of a commercial law firm and a pro bono firm. The number of pro bono case taken on by Salvos Law is
significantly greater than the amount of pro bono cases conducted by most firms in Canada and it's success is attributed to its ability of Salvation
Army to have unlimited ownership of the law firm. In British Colombia, Pivot legal tried to copy the Salvos' framework, but ultimately had to close
down due to lack of affordable capital and lack of business management expertise; both that could have been mitigated if it were conducted with an
ABS model .
Even if there is an increase emphasis on the bottom line, this pressure introduces the concept of retained earnings to legal practices which encourages
long–term investment; something that the partnership/sole proprietorship model discourages . By encouraging long–term investments, it encourages
firms to innovate, which is beneficial for the legal system.
However, the adoption of the ... Show more content on Helpwriting.net ...
A director's primary duty is to the company, while a lawyer's primary duty is to the court, with a very close secondary duty to the client. Shareholders
may place pressures to learn about client matters in order to make investment decisions, which makes confidential client information vulnerable to
disclosure to non–legal branches of the entity . Hence, there needs to infrastructure put in place to ensure that client information received in the course
of providing legal services are not disclosed to the non–lawyer owners of the ABS.
Another issue that may arise is with the context of MDP is the possible duplication of regulators. Regulators of the profession would then have to work
together to come up with a consensus so that there would be inconsistency between the

Business Writing Trend Analysis
123 41th Avenue West
Vancouver, British Columbia, V1V 1V1
Phone: 123.456.7890 ABS
CONSULTANTS
September 28, 2011
Mr. James Dimon, CEO
J.P. Morgan Chase & Co.
270 Park Avenue,
New York, NY 10017
Subject: New market for hedge funds
Dear Mr. Dimon:
It is a pleasure for ABS Consultants to be working with J.P. Morgan Chase & Co. As follow
–up to our initial conversations, we have considered
various trends occurring within the financial arena, and have identified one trend specifically within the space of alternate investments that would most
benefit your firm. The concept underlying this trend is the lack of accessibility to hedge funds for non–accredited retail ... Show more content on
Helpwriting.net ...
The first is derived from the partnership structure. To withdraw money from ahedge fund, dependent on the fund, this can take anywhere from weeks
to months: this being a result of having do legally deregister the investor as a partner, and pertinent to large investors, measures have to be taken to
ensure the withdrawal of capital does not affect the strategy's profit earning potential for other investors. The second downside resulting from the
499–partner constraint, is that well–performing hedge funds often have investment minimums in excess of $1 million3. The third disadvantage of
hedge funds is their confinement by the SEC to seek new investors solely through word of mouth.
Where the opportunity lies

In examining hedge fund structure, we quickly recognize its primary limitation: exclusivity through the accredited investor clause. This clause states
that for a hedge fund to avoid the basic limitations of other more traditional fund structures, retail investors must have a thorough understanding of the
investment profile of the fund, as well as over $5 million in investible assets. For institutional investors, this number is $25 million. While this clause
allows Hedge Funds to avoid registration with the SEC, it restricts the fund from accepting any non–accredited investors from investing in hedge funds.
This population constitutes the vast majority of investors domestically. Furthermore, as
markets expand to less wealthy nations, we note

Lululemon Brand Image
Whether you're at the gym or in class you're bound to see countless of girls wearing a pair of legging with a stylized "A" place in the lower center of
their back. Lulu lemon is a yoga–inspired technical athletic apparel company for women and men founded by Chip Wilson in Vancouver, Canada in
1998(Lulu Lemon, 2017). Lulu lemon has become a staple piece in many women closet, earning its position in the infamous "basic bitch" list.
Lululemon started out as a small brand, but it has blown up in the last few months creating a huge cult following. According to USA Today Lulu
Lemon are the third most productive retail stores in the US, only behind Apple and Tiffany & Co. in 2012 ( USA Today, 2017). Many may question
why are women all over the world ... Show more content on Helpwriting.net ...
It has taken the value that women and some men look for and have embedded them in their profile. It helps give consumers an identity that they are
living their best lives by shopping at Lululemon. Not only buying its clothing also the symbol and value that are connected to it. It clearly obvious that
they are marketing to females' audience. The company has done a great job in tailoring to many woman needs and taste. Despite, they do still have a
long way in developing their brand image, but they are off to a great job. Lululemon is an ever–growing business and one day may be seen as a
household name like Nike. Where they need to improve is opening up their branding to a bigger audience, not just women but men too. They need to
stray away from this basic bitch sterotype. Their posting at the moment take on a very feminine tone, which can be a turn off to man who are much
more responsive to a more robust and energetic tone; Lulu lemon can expand their brand image to include man, it will not only boost up their profit
but also, create a global brand that people will take into consideration. In fact, Lulu's posts go far beyond consumers' focus.It aim support that building
the brand is more important than just the brand itself. Lulu's marketing has worked well on targeting youth and old females. It makes it brand

Intellectual Assets of Anheuser-Busch
Intellectual Assets Anheuser–Busch has an abundance of intellectual assets, also known as intellectual capital. To begin, intellectual capital can be
defined as "the total Knowledge within an organization that may be converted into value, or used to produce a higher value asset. The term embodies
the knowledge and expertise of employees; brands; customer information and relationships; contracts; internal processes, methods, and technologies;
and Intellectual property" (Prior, 2008). Breaking the term down even further we can divide intellectual capital into three components: human capital,
structural capital, and relational capital (Zambon, 2002). The creation of human capital at Anheuser–Busch is a top priority. "When you become a...
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Some of Anheuser–Busch's goals and values are to put quality in everything they do, to continually exceed customer expectations, and to enjoy trust
respect and integrity in all of their relationships. By enjoying the title of being the largest brewing company in the Unites States, by volume, they have
obviously exceeded customer expectations. These goals have helped Anheuser–Busch achieve great relational capital.
Strategies
In addition to Anheuser–Busch's intellectual property they take part in formulating a wide array of business–level strategies, corporate–level strategies,
international–level strategies, and entrepreneurial strategies. In regards to business–level strategies and overall cost leadership, Anheuser–Busch is the
undeniable industry leader when it comes to beer sales. Even if Anheuser–Busch beers aren 't the cheapest, they still are bought for their quality and
Anheuser–Busch has gained tremendous market share for this. As for their focus, Anheuser–Busch focuses on a broad segment of customers producing
a variety of beers for a variety of budgets to suit all personalities ' needs. Their differentiation factor is that even though Anheuser–Busch produces such
cheaper beers as Budweiser and Bud Light, they also produce premium, more expensive beers like Bare Knuckle Stout and Shock Top Belgian White.
Anheuser–Busch produces over 100 different brands of beer and

Lululemon Case Analysis
Unfortunately Lululemon's pants crisis doesn't end there. The founder, Chip Wilson, 18 months later, shared his thoughts on the pants debacle and
undid all the damage control Lululemon immediately following the recall. Chip Wilson's interview on Bloomberg News basically negated everything
Lululemon did in the first stage of their crisis management. Allowing Chip to speak on behalf of the entire company was a poor choice, as he was the
wrong spokesperson and clearly unprepared. He injected his own opinions about the original crisis and did not align with what Lululemon had so
carefully crafted. Wilson did not have the proper crisis management or communications training to handle the situation and only continued to make it
worse. In his original

Rosetta Stone
The Rosetta Stone is a leading developer of software for learning languages in the world. Rosetta Stone revolves around a very simple idea: learning
a language should be fun, easy, and most definitely effective. Rosetta Stone began their business with one man's quest for a better way to learn a
language. The company's idea came to the world when Allen Stoltzfus began studying Russian in 1980s and became very frustrated with his slow
progress. He knew there was a better way to learn a language, through immersion, which he had experienced years earlier while studying in Germany.
He started to learn German not from sitting in the classroom, but from learning of being a part of the culture and the world of Germany. However, his
idea had to ... Show more content on Helpwriting.net ...
Rosetta Stone experienced a first–day run–up to $25.12 from an offering price of $18.00, so its indirect costs totaled 3.125($25.12 – $18.00) = $22.25
million. Thus, Rosetta Stone received proceeds of 3.125($18.00 – $1.26) = $52.3 million, the underwriters and their sales forces received $3.9 million,
other expenses totaled about $3.5 million, and $22.5 million was left on the table. Numbers like those are definitely encouraging and they show
demand is slowly outpacing fear in another formerly shunned corner of the market.
However, one of the hottest stocks in 2009 has become an investor disappointment in 2010. From 2009 to 2010 shares of Rosetta Stone have
dropped 33 percent. Shares, initially offered at $18.00, hit closing high of $31.67 by May 5, 2009. On September 2, 2010, the stock traded below
its initial offering price. Year after year, Rosetta Stone, has seen their bottom line shrink from a gain of $13.3 million to a loss of $20.0 million
despite an increase in revenues from $258.90 million to $268.40 million. An increase in the percentage of sales devoted to SGA (all direct and
indirect Selling, General & Administrative expenses) costs from 71.12% to 83.26% was a key component in the falling the bottom line in the face of
rising revenues. Shares of Rosetta Stone are still dropping. Everyone looks for the reasons and Mr. Adams, CEO, explains that the reason for poor
U.S. sales was not weak consumer demand, but it was

Swot Analysis Of Fabfurnish
COMPETITORS ANAYSIS
Ashish Shah said "the margins in the online furniture market is between 20–30%, which is higher than most other products and therefore, the
competition is on the rise." Worldwide, markets have a couple of large horizontal players and multiple segment focused players. Two of the significant
players are discussed below:
FabFurnishCEO – Vikram Chopra
Urban LadderCEO – Ashish Goel
FabFurnish is an Indian Furniture and home dГ©cor retailer which sells furniture , home dГ©cor products , kitchenware. The company is
headquartered in Gurgaon, India. They sell their products through their online site (www.Fabfurnish.com) and through brick and mortar stored around
the country. Presently it has stores in Bangalore , Faridabad and Gurgaon.... Show more content on Helpwriting.net ...
This required strong investment in logistic facilities. This was accomplished by Pepperfry.
2)Another challenge was to offer best quality product to the customer. Experts of their respective domains were hired and suppliers were asked to
deliver the products at our warehouses. Experts examined the products at these warehouses and then those products were delivered to the customer
3)India offers a big challenge of poor infrastructure and non existent supply chain. Pepperfry entered into agreement with their logistic partners thereby
ensuring timely and safe delivery of products.
4)For a country as big as ours the Internet penetration has covered only 10% of our population. This is in stark contrast to the global average of 35%,
and much below the average of the developed nations at 78%. We have a population base, which is big enough for a thriving e–commerce industry but
the e–commerce potential at the moment is limited because of the broadband penetration.
5)Large Item Distribution model was the biggest challenge as it was difficult to understand the customer requiment to develop that product. Then
sending them without a scratch. Pepperfry delivered the product and in the process became the first company to do

Essay on Hertz Lbo
1.How much value do you expect to be created by operating improvements and capital structure changes envisioned by CD&R? CD&R proposed
changes to the following areas. a.US RAC on–airport operating expenses: Labor per transaction, administrative and other costs had increased 41%,
65% and 30% respectively between 2000 and 2005. In addition, margins were not constant across locations and varied from 32% to –7%. CD&R
proposed that the operating expenses could be reduced resulting in cost savings of $75M per year. b.US RAC off–airport strategy: Hertz's plan for
expansion in off–airport locations had not generated the profit commensurate with the capital required to support it. Further, profit margins varied from
55% to –200% across... Show more content on Helpwriting.net ...
3.Compare your anticipated sources of value to the illustrative projections contained in the Hertz selected projections online. The anticipated sources of
value are the following: a.US On–Airport segment – margin increase through productivity gains that more than offset cost inflation b.Off Airport
segment – market share to increase due to further penetration of replacement segment. c.European and international RAC: steady volume growth, and
cost savings and margin enhancements expected from narrowing of the gap between US and non–US performance comparable cost categories.
d.HERC: EBITDA margin improvements resulting from capital efficiency and SG&A leverage. From the projections we see the following:
200520062007200820092010 RAC Gross EBITDA ($, M)$2,201$2,436$2,616$2,868$3,097$3,305 Change 10.68 %7.39 %9.63 %7.98 %6.72 % RAC
Adjusted EBITDA$469$491$554$623$708$809 Change4.69 %12.83 %12.45 %13.64 %14.27 % As we can see from the table above, RAC Gross
EBITDA is increasing every year about 8%. The RAC adjusted EBITDA is increasing at about 12.5% every year on average. The RAC Adjusted
EBITDA which is the Gross EBITDA minus financing and depreciation charges is growing at a much higher pace. We can attribute

Lululemon Industry Analysis Essay
Industry & Market Analysis Market Needs The first Lululemon store was initially created as a place for people to gather to learn and share ideas
about a healthy lifestyle. As the company expanded, Lulu could no longer target every individual walking into the store with knowledge of healthy
living. At this point, the company shifted its focus to educating their employees who could positively influence everyone who walked into the stores.
The thought and reasoning that went into the first Lulu store has continued as the company has grown. It has continued to target active people while
pushing everyone towards a healthy lifestyle. Its main target market is young woman, between 15 and 34 years old, in the middle to upper classes.
One of... Show more content on Helpwriting.net ...
In the United States of America, being fit and active is an important value of the culture. Many employers give out free gym memberships or
encourage their employees to take a longer lunch to go be active. According to Business Insurance, many companies in New York have been
organizing midday dance parties to give their employees some time to get out from behind their desks and move. Feeling good about the way one
looks can be an important part of exercise because it promotes higher self–esteem. There is no longer a need to wait until you get into shape to look
good when companies like Lululemon are now producing exercise wear that is fashionable. An industry professional was quoted as saying "Our
customers desire clothing that they can work out in and then head out into the world." If clothing fits well enough, then people are going to want to
wear it all the time. Although fashion trends are ever changing, Lululemon is always creating new products to keep up with them. According to The
Bureau of Labor Statistics, the retail industry is considered a high growth industry. The retail trade sector is the nation's largest employer. The growth
rate of real output for the retail trade sector of the economy is 4.6% annually. From 2004 to 2014, the real output grew from 1.1 trillion dollars to 1.8
trillion dollars. This can be attributed to new apparel companies always entering the

Kraft Heinz Case Study
Strategic Issues and Actions
Strategy Model
The strategy of Kraft Heinz dramatically changed after the merger in 2015. The new strategy is considered to be iconoclastic. This is because the new
leaders of the company are not reminiscing in the past or using the former strategies that worked for the company. They did a complete overhaul to the
leadership and the strategies that "worked" for the company. The new company objectives are as follows: 1. Profitable sales growth, 2 Best–in–class
margins, and 3. A superior return of capital. The company will no longer let employees slip in to the cracks and gain a retirement, it must be earned.
Since 3G Capital is the holding company for Kraft Heinz they follow the meritocracy model set forth by 3G. Colvin (2017) discussed the fact that
those who do good move forward and up, those that do bad get fired. It is almost biblical "Don't be deceived: God is not mocked. For whatever a man
sows he will also reap" (Galatians 6:7, Holman Christian Standard Bible). Colvin explains this when he discusses the new CEO:
Kraft Heinz CEO BerВ¬nardo Hees, for example, first became a CEO in 2005 at a company called All America Latina Logistica, owned by a 3G
Capital predecessor. He was then made CEO of Burger King, a 3G Capital holding since 2010. He moved up to be CEO of Heinz in 2013 and now of
Kraft Heinz.
The infamous company, 3G, uses a private equity strategy, however 3G Capital does not operate as a traditional private equity corporation.

Essay Accounts: Balance Sheet and Dapper-dons Partnership
TAX FORM/RETURN PREPARATION PROBLEM C9
–57 The Dapper–Dons Partnership (employer identification no. 89–3456798) was formed ten
years ago as a general partnership to custom tailor men's clothing. Dapper–Dons is located at 123 Flamingo Drive in Miami, Florida 33131. Bob
Dapper (Social Security No. 654–32–1098) manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way, Miami,
Florida 33131. Jeremy Dons (Social Security No. 354–12–6531) owns the remaining 60% interest but is not active in the business. His address is 807
9th Avenue, North Miami, Florida 33134. The partnership values its inventory using the cost method and did not change the method used during the
current year. The partnership uses... Show more content on Helpwriting.net ...
1231 gain on sale of landg 5,050 Interest on U.S. treasury bills for entire year ($80,000 face amount) 9,000 Dividends from 15%–owned domestic
corporation Net income a Additional Sec. 263A costs of $7,000 for the current year are included in other costs. b Ending inventory includes the
appropriate Sec. 263A costs, and no further adjustment is needed to properly state cost of

Australian Law Reform Commission :
09/06/2015
Miss Rylee Caddell
Aquinas College
Edmund Rice Drive, Ashmore
QLD, Aus. 4215
09/06/2015
Australian Law Reform Commission
On May 23rd 2015, Ireland became one of the first few countries throughout the world to legalized gay marriage. Since this approval there has been
new debate as to where Australia stands on same–sex marriage. The amount of same–sex couples in Australia increased by 32% from 2006 to 2011 and
70% of the Australian nation believe that Australia should allow the right to same–sex marriage. Before the Marriage Amendment Act 2004 by the
Howard Government, there was no previous definition of Marriage in the 1961 Act and the definition was based on common law. The definition
changed by the Howard Government in ... Show more content on Helpwriting.net ...
However the High Court of Australia overruled the Bill and released that it was never valid or legally acceptable.
Marriage equality matters just as much as anything else in the world. Same–sex couples want to marry like any other person and have all the same
reasons as heterosexual couples. There are many legal benefits that come with marriage but they are however not available to same–sex couples. A
marriage certificate allows married couples to easily prove their legal rights if challenged for example in an emergency situation. Equal marriage is
important in modern society because it allows same–sex couples to be included in such a worldwide and cherished institution such as marriage will
provide for them and their families with real social and cultural benefits. There is a growth in research, which shows evidence that married couples,
which include same–sex married couples are on average healthier, happier and longer lived. Government restrictions on who gay and lesbian people in
Australia can marry contravenes the fundamental human rights in the same way that Aboriginal and Torres Strait Islanders were once contravened
with laws on who they could and could not marry.
In excluding people attracted to the same sex from marriage, it sends out a message to people stating that discrimination of sexual orientation towards

gays

Gentrification of Housing Stress
As gentrification of housing stress continues, Local Government Areas (LGA) will lose lower income groups and assimilate into a predominance of
higher income groups, effectively homogenizing the population and decreasing diversity. This trend will drive the housing market price up, decrease
housing affordability and deter outsiders into joining the community. The existing housing units will experience financial hardships, housing stress, and
a gradual deprivation of a means to cope with increasing basic living costs. In order to combat this ongoing issue, speculative approaches by the City
have been in consideration.В¬В¬В¬В¬
The aim of the City of Sydney Affordable Rental Housing State Environmental Planning Policy Strategy (SEPP) is to protect existing affordable
housing and to facilitate В¬В¬В¬В¬В¬new affordable housing in the City of Sydney to provide for social, cultural, environmental and economic
sustainability. The key of this strategy is to increase the amount of affordable rental housing in the local area to very low, low and moderate income
households; protect existing stock of low cost rental accommodation; encourage a diverse range of housing in the local area; and work with other
inner Sydney councils to address affordable rental housing at a regional level. According to the SEPP, affordable housing is refers to housing that
does not take more than 30% of a very low, low or moderate household's income. It defines affordable housing as very low income household as

Discuss the view that class is still the most important...
Discuss the view that class is still the most important factor influencing the way people vote
Voting behaviour is the way in which the individuals of the electorate vote. Typically this can be divided into a sociological approach based on
entrenched characteristics such as class, age and region and rational choice approach based on individual decisions based on political issues,
governance and party leaders or image.
Between the years of 1945–1970 social class dominantly shaped the voting behaviour of individuals. Whilst there has been a decline in prominence of
class voting: Labour remains the most popular working class party and Conservatives perform best among middle–class voters. Social classes are
defined by economic and social ... Show more content on Helpwriting.net ...
Conservatives receive an increasing percentage of votes in correlation with age and Lib Dem and Labour have high performance among the
younger groups. The writer G.B. Shaw once wrote that, 'If you are not a socialist by the time you are 25, you have no heart. If you are not a
Conservative by the time you are 35, you have no head'. There is the entrenched view that young people are more liberal whilst as individuals grow
older they become more set in their ways, more wedded to traditional values and attitudes and more likely to believe that Conservative governments
are more likely to safeguard their financial and personal security which appear increasingly important in later life. Considering this, surprisingly in the
2010 general election, the ages of 18–24 voted fairly equally between the three main parties with the age bias gap only really becoming apparent from
the age 55 onwards. This shows that younger prejudices and party alignment are not as ingrained as that of the elderly meaning that old people may be
influenced in their voting behaviour by their age but the same is not as apparent for young people, despite the surface recognition that it is. Yet the
implication of young people sharing their votes between parties could be due to other factors, when

Differences Between ABS And Conventional Law Companies
Summary: In this essay we will explore the advent of innovating business structures, its principles and concepts, the social and economic contexts and
the relevant policy issues and non legal resolutions, which diminish the models of legal services provisions, and the relation to the Legal Services
Act 2007 Introduction First, we need to understand the meaning of business structures, which essentially are how the business are organised, rules
and policies to compose the formation of the business, the roles and responsibilities to effectively control and coordinate the daily issues. The
importance of the Legal Services in the UK economy, is growing every day, as economic fortunes are being made in the world, the speed of trader
operations, and how the capital flows, are leading to a new innovative structure... Show more content on Helpwriting.net ...
Great opportunities are merged from the new system in relation to partnerships, but must be noted that moving away from the traditional Legal
Services does not mean success or either cannot guarantee success, as the legal profession in England and Wales has been very successfully since

Tesco Athletica Inc. Chairman Dennis
In this short report I will be discussing the company, Lululemon Athletica Inc. Chairman Dennis "Chip" Wilson founded Lululemon Athletica Inc. in
1998. The Vancouver, Canada–based Lululemon Athletica Inc. designs and sells yoga apparel under the Lululemon Athletica and also Ivivva Athletica
brands, to the athletic consumer. Their mission statement is to create components for people to live longer, healthier, fun lives. They operate in 250
company–owned stores in North America alone in 2015; they also have other stores around the world. Lululemon has 8,628 people employed as of
2015. They primary design apparel is for women that like to run, do yoga, or dance. But the company also offers a line for men. A third–party in
Taiwanese constructs the attire, which is then distributed to the different stores in Canada, North America, and all over the world. Geographic Reach
and Operations Sixty percent of Lululemon's sales come from the United States, which has stores in about 35 states and in the District of Columbia.
One of the largest markets in the US is California; where almost 20% of the US stores are located. Canada reports for about one–third of the
company's sales with Australia and New Zealand bringing in the rest. About $1.5 billion or 95% of Lululemon's revenues came from North America in
2014. Outside sales account for about five percent or $0.1 Billion of the revenue for 2014, these outsides sales do not include US or Canada. But the
share for international revenue

Swot Analysis For Lululemon Athletica
SWOT Analysis for lululemon athletica
a. Current Strengths
i. The commitment of the employees of lululemon athletica
1. Evidence from case: The employees commit to living a certain type of lifestyles in order to represent the company and the message behind it. (Page
C–97)
2. Evidence from case: The employees of lululemon athletica are well rounded about the topics of healthy living, Yoga, and physical ways of staying
healthy on a daily basis. This allows for customers to receive advice and recommendations from employees who practice this type of lifestyle. (Page
C–97) ii.Christine M. Day (CEO)/ Increase of revenue due to Christine M. Day 's actions
1. Evidence from case: Came to the company with a large amount of experience, Worked... Show more content on Helpwriting.net ...
This can affect the company's reputation negatively and obtain negative publicity. (Page C–101)
c. Potential Opportunities
i. lululemon athletica has great potential for expansion
1. Evidence from case: The company has room for expansion by building more stores, increasing sales, expanding current stores, customer and
employee satisfaction. According to Yoga In America, "36.7 million people in U.S practice yoga, 72% women" (Page C
–101)
2. Evidence from case: Global markets are predicting an increase in demand from, "148 billion in 2015– 185 billion in 2020". This shows the potential
for the industry to grow and expand to other markets. ii. Selling direct to consumers ( e–commerce sales)
1. Evidence from case: Exhibit 2, Revenues and Income from operations shows an increase from 10.6% in 2012– 19.5% in 2016. (Page C–100)
2. Evidence from case: Corporate owned stores are losing revenues, from 81.6% in 2012– 73.6% in 2016 (Page C–100)
d. Potential Threats
i. Competition
1. Evidence from case: Other companies selling similar athletic wear such as, Adidas, Reebok, nike Etc.
2. Evidence from case: "The emergence of a New Formidable Competitor Specializing in sports and Fitness Apparel for women." This represents the
growth and emergence of new competition. ii. Costs of Employees/ Training/ Labor and Brand awareness
1. Evidence from case: Large training and

The Position Of Proventus Capital Partners
The position of Proventus Capital Partners (PCP) as a bondholder of Corral Petroleum AB bond was difficult. Even though PCP's holding of Preem
notes was only about 1% of the total par amount, but they had invested approximately $7million in dollar– and euro–denominated bonds at around 60%
of par. PCP felt there was considerable upside in this position. However, PCP had been aware of the risks when acquiring the bonds in the weak
operating performance of the oil refining such as the low oil price, excess capacity and the high leverage of Preem compare to many firms in the
industry. PCP was considered the long performance of the firm in the future because Preem was more profitable than many of its peers. The
economic turmoil that affected oil price was created conflict of interest between bondholders and syndicated banks as creditors. For instance, Corral
was unable to make coupon payment because Preem was now disallowed from transferring profit to Corral. If each party insists on taking their own
advantage to save their assets and avoid loss, there was one party loss in their investment in Corral and Preem. Alternatively, all parties included the
owner might draw an agreement that provides win–win solution to all parties. Several possible scenarios that PCP had to consider were: a.Complete or
partial sale of assets. The sale of some Preem's assets might generate immediate cash. But, the uniqueness of business makes uncertainty in pricing and
buyer in the economic downturn.

Lululemon Athletica Failure
From a company that has had profound growth since its startup, lululemon Athletica, Inc. has had its battles with success and failure in recent years. As
with any company in the Clothing, Retail and Appeal Industry the road to recovery or prosperity has a multitude of internal and external factors that
can influence productivity. However it's the organizations responsibility to curtail these setbacks, and put measures in place to ensure future growth
and sustainability.
Lululemon Athletica Inc. thrived off its 5 key elements in their growth strategy which helped to acquire a stronger revenue base that enabled them to
have a differentiated product line,design and culture. Trademarked fabric and technology helped their brand loyalty which enabled them to get
products in and off the shelves in a 2 month period. Additionally 95% of its inventory was sold at regular price. This was attainable because of the
strategic multi–channel approach used to enhance its market presence ... Show more content on Helpwriting.net ...
glory was overshadowed by their wiliness to depend on third party manufacturers in which they outsourced for fabrics. This caused a huge
production shipment problem that had inferior and low quality "Luon Pants".Due to their inability to be in control of this catastrophe 17% of
inventory was lost along with customers and a tarnished brand name in 2013. Current and future customers were also left skeptical about the brand
and its products when Chairman and CEO Chip Wilson blatantly told the media that product issues were as a result of overweight women. The
company later on, only produced appeal for slim built individuals and not plus size male or female. These weaknesses caused a lot of top executives
and senior official in the company to resign or step

stock split effect on price and volume
Chapter–1: ABOUTCOMPANY
1.1 company background
1.2 management
1.3 promter&cmd
1.4 mission
1.5 vision
1.6 development
1.7 to Organisoon
1.8 to Myself
1.1 Company Background :
R K Global was incorporated in year 1995 at New Delhi under the dynamic leadership of Shri Ramesh Kumar Bhagchandka, son of late Shri Lakhi
Prasad Bhagchandka, a Bhagchandka group initiative. In 2007, R K Global shifted its registered office to Mumbai in Maharashtra.
R K Global in the initial years engaged itself in steady services of access to the equity market to Bhagchandka Group Companies and associates. In the
later years it diversified its business in the areas of Equities, Derivatives, Commodities, Currency, Depository,... Show more content on Helpwriting.net
...
He was a true believer in value for money for all and made sure he came up with new innovative schemes and offers to benefit clients. He made sure
that his legacy of competitive and quality broking services is offered along with top class customer service as he was a firm believer inmoney.
"The Team of R K Global will always miss him in person and will try to fulfil the dreams he had seen for R K Global"– Amit Bhagchandka (Group
CEO of R K Global)
"R K Global has been very dear to him and will always try to bring his dreams come true through the best possible resources" – Jai KishanBhagchandka
(Group Vice President of R K Global)

1.3 Promoter& CMD:
Mr. Ramesh Kumar Bhagchandka: A graduate from Kolkata University, from early days he accompanied his father and elder brothers in family
business. He has acquired a rich experience in customer service, as in his early days he looked after the families Liaison division in the Export and
Import Licenses business. He was also one of the first few importers of Fax Machines in India in the late 1980's and had set them up at reputed
government installations.
Mr. Bhagchandka also has vast experience in financial consultancy. He has been associated withstock market for over 30 years. Initially, Mr.
Bhagchandka was a regular investor in stock markets and was in it for personal wealth creation only. He saw tremendous growth prospect in stock
market post

The Success Or Failure Of A Corporation
One of the greatest indicators of the success or failure of a corporation is their ability to acquire/merge or to be acquired/merged. Companies have
been able to maximize their profits by merging or acquiring other businesses within their industry, which has many benefits that extend past dollars and
cents. Corporations who are able to acquire or merge with other companies are able to expand upon their ability to forge partnerships with other
corporate leaders. They are often able to expand their services internationally to gain more profits and extend their brand. Corporations, such as
McDonald 's Corporation, have been able to benefit from acquisitions in ways that corporations, such as Sonic Corporation, have not. Through the
evaluation of the strategies that were utilized by McDonald 's Corporation to acquire Boston Market, its impact on the corporation, and its international
business–level and corporate–level strategies, one can better understand strategies that Sonic Corporation could develop to increase their profits
through acquisitions and mergers, as well as business–level and corporate–level strategies they can develop to expand their services internationally.
McDonald 's Corporation has enjoyed great success as one of the largest food–service retailing chains in the world, with 30,000 restaurants that
"operate in more than 100 countries on six continents (Wyatt, 2012;Funding Universe, 2012)." Founded in San Bernandino, CA in 1948, McDonald 's
Corporation

Tax 5015 (Spring 2011) вЂ“ Chapter Review Exercise #7
TAX 5015 (Spring 2011)– Chapter review exercise #7
Topic review: Partnership formation and operations
Due date: March 23/24, 2011
Name(s): SOLUTION
Part 1: Partnership formation. In January of 2010, Jason and Jesse contribute the following assets to become equal partners in the J&J General
Partnership.
Partner
Jason
Jesse
Property contributed
Cash
Office equipment
Land
Building1
Cost
MACRS depreciation taken
49,000
17,000
52,000
15,000
8,000

Fair value
25,000
75,000
35,000
75,000
Note: (1) The building is subject to a nonrecourse liability of $10,000, which is assumed by the partnership.
The partnership will use all of these assets in its business. Subsequent to forming the partnership, J&J ... Show more content on Helpwriting.net ...
Treasury bond interest
Long term capital gain
Short term capital loss
City of Orlando bond interest
Salary expense
Sec. 1231 gain
Guaranteed payment to Nelson
Guaranteed payment to Howard
MACRS cost recovery
Straight–line depreciation (used for book purposes)
Charitable contributions
Key–man life insurance premiums
Other expenses
Cash distribution to Nelson
Cash distribution to Howard
Mortgage incurred to purchase new office building
$ 900,000
130,000
20,000
35,000
5,000
25,000
450,000
13,000
100,000

150,000
74,000
42,000
12,000
8,000
160,000
20,000
40,000
90,000
(a) Compute Magic's 2010 ordinary partnership income (loss) and list the separately stated Items.
Ordinary partnership income (loss)
Gross profit
$ 900,000
Salary expense
(450,000)
Guaranteed payments (250,000)
MACRS
(74,000)
Other expenses
(160,000)
Ordinary p/s loss
(34,000)
Separately stated items
Dividends
$ 130,000
U.S. Treasury interest
20,000
35,000
(5,000)
Tax–exempt interest
25,000

Sec. 1231 gain
13,000
Charitable contributions
(12,000)
Key–man life insurance
(8,000)
Guaranteed payments
(250,000)
Distributions
60,000
(b) Compute each partner's basis at the end of 2010.
Beginning basis
Mortgage
Dividends
U.S. Treasury interest
Sec. 1231 gain
Tax–exempt interest
Distribution

Case Study On Foodpanda
EXECUTIVE SUMMARY
The objective behind this study is to understand Foodpanda business model, Challenges faced by them, how they are raising huge funds, and their
growth. Foodpanda is owned by Rocket Internet having 52.1% stake in it. Foodpanda net revenue was increased from EUR 0.7 million in 2013 to
EUR 6.7 million in 2014 i.e. growing at the rate of 838.9%.
Foodpanda continues to benefit from strong investor interest in its business model. Following several successful funding rounds in 2014–2015, it
closed the year with a strong cash position of EUR 44.5 million.
Foodpanda is supported by Rocket Internet and was able to raised funding from AB Kinnevik, Phenomen Ventures and includingGoldman Sachs which
is over USD $100 million.
Foodpanda ... Show more content on Helpwriting.net ...
The company has raised USD $310 million since its inception and rocket internet owning nearly about 52% stake in it. When 3 years ago, Foodpanda
started its operation in India, some said it was a delivery company, some thought it's a restaurant or food supplier. In terms of profitability, Foodpanda
has generated a gross profit of EUR 1.0 m in H1 2014, representing a margin of 84%. Absolute EBITDA loss amounted to EUR 11 m.
Below are some suggestion and recommendation –
Foodpanda need to focus on food delivery because it is one of the main factor plays while retaining a customers and many customers are not happy
with the food delivery services.
Foodpanda need to improve its services related to making payments to vendors. Vendors get frustrated when they didn't receive payment of the order
fulfilled by them. And many a times they start warning Foodpanda, that in the future they will not take any orders from them. This is the area where
Foodpanda is lacking and need to take action immediately. They need to understand that for a small vendor it's become difficult to function without
receiving payment on time.
Timely respond to customers if they are not able to process their orders on time. It was found that some customer faced this problem and recived
message after 1 hour that foodpanda can't process their order after placing their order with

Lululemon Swot Essay
SWOT Analysis
Company name: Lululemon Athletica Inc. (NASDAQ:LULU; TSX:LLL)
Product: Lululemon Athletica produces yoga–inspired athletic apparel for both women and men.
Strengths
#1. Innovative Design Process
Lululemon offers high–quality premium athletic apparel that is designed for performance, comfort, functionality and style. The innovative design
process is attributed to a number of factors such as, real–time customer feedback. Lululemon seeks real–time customer feedback on the design and
development of new and existing products. By directly integrating the customer into the product development process the design team can understand
and directly respond to consumer needs and wants while creating innovative designs that ... Show more content on Helpwriting.net ...
[2]
#2. Inadequate Inventory: "Lululemon's growth is "stymied by inadequate inventory of popular items"[3] and sizes which often results in expensive air
freighting of product from overseas.
#3. Perceived female focus:
Lululemon was launched as women's only athletic apparel company, making it difficult to reeducate consumers that the company also carries men's
apparel....
Or
#3. Price Point – There are other brands in the marketplace that offer the same product but at lower price point...
Or

# 3 Perceived as a yoga only brand.............
O: Opportunities
#1. A growing number of yoga participants in United States and Canada
Over the years Lululemon has built significant brand equity among yoga enthusiasts. The number of yoga participants in the United States has jumped
more than five–fold, from three million in 2000 to 16.5 million in 2005, growth opportunities for the business are excellent.[4]
#2. Excess commercial real estate
Due to the down turn in the economy there are increasing retail vacancies allowing Lululemon to negotiate favorable leases in Class A properties.
#3. TBD
T: Threats
# 1 Weak economic conditions
The current weak and volatile economic conditions, particularly in the United States and Canada, have impacted consumer spending. These week
economic conditions will continue to impact consumer spending and purchasing habits for the foreseeable future. Consumers'

The Key Aspects Of Forming A Business
QUESTION 1 Investing and proper planning is the key aspects of forming a business. Hence understanding business structures will offer an insight
into the necessary management and technical skills that would be essential in order for the business to develop and prosper. The key business
structures that will be explored involve partnerships and corporations. A partnership is a relation between two or more individuals who contribute
their resources for the achievement of a specified outcome, commonly profit such as in Hope v Bathurst City Council (1980) 144 CLR 1 . These small
businesses are characterized by mutual cooperation, responsibility and obligation . The partnership firm is governed by the Partnership act 1891 where
registration of... Show more content on Helpwriting.net ...
Ltd. [1987] A.C. 22 . Companies are regulated by the Companies Act 1956, where it must be registered in order for it to come into existence. A
company is distinct from its shareholders as it is a separate legal entity, which allows for limited liability to protect its shareholders from any
obligations or negligence the company itself incurs as in Adams v Cape Industries PLC; CA 2 . Insolvency of death would not affect the existence of a
company, as it is itself a separate legal entity. Additionally specific business structures benefit certain individuals more than others, therefore examining
the advantages and disadvantages would be beneficial in understanding what is best suited to the individual. Partnership Advantages Partnerships are
informal to establish and disassemble as start–up cost are inexpensive. When considering beginning a partnership the minimum number of individuals
needed is two with a maximum of twenty individuals stated by section 115 of the Corporations Act . If the partnership has the ability to increase their
numbers as partners they also increase their funds and bring additional capital available for the business, as well as increase their borrowing capacity .
Furthermore Partnerships allow individuals to combine their complementary skills in a collaborative management which in turn allows for a broader
array of skills and knowledge that will sequentially increase contacts beneficial to the partnership.

Rosetta Stone
UV3930
Rev. Mar. 25, 2011
ROSETTA STONE: PRICING THE 2009 IPO
We are changing the way the world learns languages.
–Tom Adams
It was mid–April 2009. Tom Adams, president and CEO of Rosetta Stone, Inc. (Rosetta
Stone), the language learning software company, reached for his iPhone to contact Phil Clough of private equity fund ABS Capital. Adams and Clough
had been discussing plans to take
Rosetta Stone public for some time. The wait was finally over.
In the wake of the 2008 financial crisis, the market for initial public offerings (IPOs) evaporated. By early spring the market was showing its first
encouraging signs. Just a week prior, Chinese online videogame developer Changyou.com had listed on the NASDAQ at a price
to ... Show more content on Helpwriting.net ...
With the crisis in full swing, investors had flocked to U.S. Treasuries for security, pushing down yields on these instruments to historic lows (see
Exhibit 4). Heightened investor risk aversion had expanded the risk premium for all securities. The general market risk premium was currently
estimated at 6.5% or 8.5%, respectively, depending on whether long–term or short–term government yields were used in estimating the risk–free rate.
In February and March of 2009, there had been some evidence of improvement in financial and economic conditions. Wholesale inventories were in
decline. New–home sales were beginning to rise. The equity market had experienced a rally of over 20% in recent weeks. Yet many money managers
and analysts worried that such economic green shoots were only a temporary rally in a longer–running bear market. There was strong concern that the
magnitude of government spending would spur inflation in the U.S. dollar. GDP growth was still negative, corporate bankruptcy rates and
unemployment were at historic highs, and many believed the economic void was just too big for a quick recovery to be feasible. A Wall Street
Journal survey of U.S. economists suggested that the economy was expected to generate positive growth in the last half of 2009.1 In contrast, a survey
of U.S. corporate executives stated that less than a third of respondents expected to see an economic upturn in 2009.2 The

Hotel Continental
HOTEL CONTINENTAL Case Study II MGT 201 Submitted by: Group II: Ada Ballesfin Cel Dizon Reyvs Firmalino Hotel Continental I. Point of
View Mr. Oscar Mendoza, Owner, Triumph Tours II. Major Problem What is the best strategy for Triumph Tours to effectively manage the hotel
accommodation of their clients especially during peak season? III. Case Facts Strengths:... Show more content on Helpwriting.net ...
We can also compute for per unit cost of food (as item sold and cost of sale) by dividing the total Food Revenue/Food Cost of Sale by Unit Rental
Count giving us P1,000 and P450 respectively. We will then try to create a forecasted income statement based on 40% occupancy (assuming only
travel tour customers will utilize the hotel). 40% occupancy is 3,942 unit rentals (9,855 x 0.4). Figure 2. Hotel Continental Forecasted Income
Statement [pic] To summarize, to produce break even income in coming years, at 40% capacity (3,942 unit rentals), room rate prices have to at least
be tripled. However, this does not factor in timing issues of non–travel tour customers who would want to avail of hotel rooms/resources. IV.
Alternatives A. Lease Hotel Continental and Re–price room and/or food rates o Accommodation for tour groups is assured during peak travel months.
o Huge capital is required and will be tied–up which can be used for other capital projects. o Highly risky since the company has no competitive
advantage and experience in hotel management. o Limits the choices for customers on hotel preferences. o Not profitable in the short run

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