Apple Inc. An American Corporation

Apple Inc. An American Corporation
Apple INC is an American corporation headquartered in the state of California. Founded on April
1st, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The Company designs, manufactures,
and markets mobile communication and media devices, personal computers, and portable digital
music players, and sells a variety of related software, services, accessories, networking solutions,
and third–party digital content and applications. All these products are sold worldwide through
Apple's retail stores, online stores and direct sales force, as well as through third–party cellular
network carriers, wholesalers, retailers and value–added resellers. The Company also sells and
delivers digital content and applications through the iTunes Store®, App Store™, iBooks Store™
and Mac App Store .In addition, Apple sells a variety of third–party iPhone, iPad, Mac and iPod
compatible products, including application software, and various accessories, through its online and
retail stores. The Company's products and services include iPhone®, iPad®, Mac®, iPod®, Apple
TV®, a portfolio of consumer and professional software applications, the iOS and OS X® operating
systems, iCloud®, and a variety of accessories, service and support offerings. Apple's most recent
products on the market are the Apple Watch™ and the Apple Pay™ feature. The Company sells to
consumers, small and mid–sized businesses and education, enterprise and government customers. At
Mount Saint Mary's University for example all of
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Microsoft : An American Multinational Corporation Company
I did my research on Microsoft of how they were formed and how the technology is always in
competition with Apple, and Sony. I have always used Microsoft product to know about the real
reason I enjoy using them. I actually believe that they are one of the most inspiring products on
earth. I am starting to see more Microsoft items in stores and I haven't really heard much about
them. Whereas companies such as Apples are always being talked about and you often see people
walking around with some type of apple product in their hands. Today we are going to research
Microsoft through an analysis and through different ratio analyses.
Microsoft Corporation is an American multinational corporation owned company, created in 1975
based in Redmond WA. The company competes in the technology market with diversity. This
includes video games, computers and computer hardware, television, media players, etc. With that
being said, Microsoft has had their mistakes in the past few years, just like other companies in the
same industry. The people not purchase can really affect the future of this company. The economy is
not so good, so people to think about what they purchase now days. There are other necessities that
people would rather spend their good earn money on. A few examples would be rent, gas, and other
utilities. It is important to know those things because it is important when doing an analysis of the
company. The economy plays a big role in the success of any company. If the

American Corporation Analysis
The purpose of this paper is for Team C to select an American Corporation to conduct a financial
analysis. Team C has selected Walmart to conduct a comparative and ratio analysis to measure the
company's profitability and liquidity.
Team C will use the following profitability ratios: earning per share, price earnings ratio, return on
assets ratio, gross profit rate, asset turnover ratio, payout ratio and return on common stockholders'
equity ratio to analyze Walmart's profitability over the last three years 2014, 2013, and 2012.
In addition, to this Team C will use the following liquidity ratios: working capital, current ratio, cash
ratio, inventory ratio, days in inventory ratio, receivables turnover ... Show more content on
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Therefore, Walmart's working capital increased by $3,543,000 in one year. This increase in working
capital indicates that Walmart is operating successfully and business operations are growing.
Current Ratio
The current ratio signifies a company's ability to meet its short–term liabilities with its short–term
assets (Kimmel et al., 2011). The equation for current ratio is current assets/current liabilities. In
2013 Walmart's current ratio was 2.83 and in 2014 it was 2.95 therefore between 2013 and 2014
there was a 0.12 increase in Walmart's current assets to current liabilities (Walmart, 2014). This
slight increase could signify that Walmart had the ability to improve liquidity and they are managing
their working capital appropriately.
Cash Ratio
The cash ratio is the most conventional liquidity ratio because it measures the ability of a company's
cash and their investments that are easily converted into cash to help pay off short–term obligations
(Kimmel et al., 2011). The equation for the cash ratio is cash + cash equivelents/total current
liabilities. In 2013 Walmart's cash ratio was 0.2:1 and in 2014 it was 0.1:1. There was a very slight
decrease in the cash ratio between 2013 and 2014. This information will be useful for lenders and
investors because a company's ability to convert assets into cash provides an alternative way to pay
debt.
Inventory Turnover Ratio
To calculate inventory ratio for

Costco Is An American Wholesale Corporation
Costco is an American wholesale corporation that operates based on the membership warehouse
club, while Target is a retailer corporation that specializes in discount merchandise. Even though
both Costco and Target have different target operation, they are the top two largest companies in the
retailer industry in the United States. In order to analyze and compare the financial health of these
two company, it is important to recognize these three key terms: liquidity, solvency, and
profitability. Liquidity is a financial term used to determine the ability of a company to pay off its
short–term debts, which will be due within the next year or in an operating cycle. In another word,
liquidity is a very important indicator to evaluate a company's financial health. Liquidity ratio shows
a comparison between the most liquid assets and short–term obligations of a company. A higher
liquidity expresses that the company has not only a better ability to pay off its short–term debts but
also a greater amount of cash for an unexpected needs. In another word, when a company has a low
liquidity, the company may face a risk to pay its short–term debt and struggle to fund its long–term
operation. The current ratio is one of the most common and useful terms used to measure the
liquidity of a company. It suggests the capability of a company to pay back its liabilities with its
assets. The current ratio is computed by dividing current assets by current liabilities. According to a
financial

Apple, Inc. : An American International Corporation Essay
Apple, Inc. is an American international corporation. Their head office is located in Cupertino,
California. The company create, build, and market customer electronics, computer software, online
services and personal computers. The purpose of Apple, Inc. is to uphold and endure their quality.
The company and the current market circumstances in which Apple, Inc. manages change swiftly
and these variations have dictated rapid fluctuations in management. (Successful Companies, 2016).
There most successful products would include Apple TV, the OSX, iPod/iPhone and Mac amid other
products. Apple products are to be unique and of high quality and services. Apple products are very
unique in nature by offering an exceptional experience to their consumers. For instance, Apple
IPhone is an extremely useful product and functions with an iOS system that is an internal operating
system strictly utilize within their smartphones. In a sense, it gives you a feeling of being the first to
have it. The majority of Apple, Inc. supplies are mostly from Asia and other countries outside of the
United States. Their sales are tremendously significant in other countries as well. For countries that
supply and market Apple, Inc. products encounter any political uncertainty could harm the
accomplishment of the company. Two main factors that could affect Apple, Inc. in a negatively
view. First, the global economy would have a very negative influence on Apple. Approximately
two–thirds of the company's

Monsanto: American Transnational Corporation
Monsanto is an American Transnational Corporation which supplies agrochemical and agriculture.
In 1901, John Francis Queeny, a 30‑year old veteran of the pharmaceutical industry, established
Monsanto with his own money. John named the Company after his wife's maiden name.
Monsanto's headquarters are now held in Creve coeur, Missouri, US. It is a leader in genetically
engineered crop which repel insects and make crops immune to herbicides. The company is
estimated to be worth $44 billion. The company's first products were food additives, such as
artificial sweetener saccharin, caffeine, vanillin (artificial vanilla) and coumarin (artificial
cinnamon). Then the moved into chemicals, and later agriculture. It currently has a market share of
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Even though Monsanto made a very bad representation for itself, the company were the first in
history to create genetically modified plants. As the new discovery was made this started the era of
Genetically Modified Organisms (GMOs).
Creating employment in India and other developing countries brings money into economies by
producing and exporting products. According to the India Committee of the Netherlands and the
International Labor Rights Fund, there has been criticism over monsanto's use of child labor. It is
estimated there are more than 20 million acres of cotton in India, which an estimated 12,375
children work in the cottonseed production for farmers paid by Indian and Monsanto.
Monsanto's is very well known for it weed killing product, Roundup. Yet again, Monsanto's was
criticised as Roundup would kill butterflies or have other negative impacts on the environment.
Monsanto's also was involved in some pharmaceutical products which contained seeds however this
was not a successful money making

The Vanishing American Corporation Summary
Gerald F. Davis author of The Vanishing American Corporation defines a corporation is a "group of
people trying to do business together" (Davis 7). Corporations are easy to create and destroy. In a
review of chapter one Corporations around the world on page fourteen cover The Corporation in
America. According to the chapter, if shares what was good for General Motors (GM) is what is
good for the country, and vice versa meant the health of the economy largest corporations are tied.
According to Davis "after WW II, the most major corporations were the economy" (Davis 14).
Historically, General Motors was recognized as a "good stand in for the corporation" (Davis 6). At
the top of GMs successful reign they carried nearly a million employees ... Show more content on
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For example, Davis provides an example in Netflix that has 2,000 employees and more. Opposed to
blockbuster which had over 80,000 employees in 2004. Blockbuster indeed did parish and many
video stores are no longer in existence. With virtual television, there is no longer the need to rent a
video from a local video store. My daughters and I are enrolled in Netflix and we watch the latest
movies and epoxides at our own leisure. Also my daughters and rent DVDs and have it mailed
directly to my home. The Netflix service is inexpensive and convenient. The twenty–first century
consumer desire ease of use, accessibility, and usability. Consumers desire low–cost, high quality
Alacarte options. Admittingly I am one of the consumers as a busy mother and full time student
appreciate the accessibility of shopping on the internet. With corporations phasing impact job
opportunity and growth? Will more people look for remote job

Walmart : An American Multinational Retail Corporation
Walmart Case Write–up Walmart, is an American multinational retail corporation that operates a
chain of discount department stores and warehouse stores. Every company successes for a reason. In
my opinion, Walmart's resources and capabilities as follows: It has strong tangible resources and
capabilities. First, financial resources and capabilities. It is the world 's largest company by revenue,
and the largest retailer in the world. Walmart is a family–owned business, as the company is
controlled by the Walton family, who own over 50 percent of Walmart through their holding
company, Walton Enterprises. It is also one of the world 's most valuable companies and is also the
largest grocery retailer in the US. (Wikipedia) Thus, it have ... Show more content on
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If not, he would call the nearest manager to change their price for that item. In the other hand, it
observes "Ten Feet Rule" and "Sun–Down Rule", which are providing a happy shopping experience
to the customers. In decades, Walmart has a strong desire to obtain big market share in China via its
successful model in U.S. However, the idea is possible but really difficult and full of challenge to
implement, because of the culture differences and reality of China. First, with the rapid growth of
economy, regional difference and urban–rural income disparities are growing. Walmart started in
small–town locations in the history, while in China, it is impossible to locate in towns first and it has
to go to urban areas, because of both the policy and disparities. Second, in China, policy for
overseas investment is considerably strict and local protectionism stubbornly exist. For example, in
the early 1990s, Chinese government limit foreign investment for avoiding the intensive
competition which the government afraid of out of control. Before China as a WTO member, the
policy, no matter in fiscal or legal, is close restraint foreign companies. Only a few acts came out to
protect foreign investors. Also, only a few regions allowed to open the door, such as Beijing,
Shanghai, Tianjin, Guangzhou, Dalian, Qingdao, and the five special economic

Analysis Of Gerald Davis's 'The Vanishing American...
In the text The Vanishing American Corporation by Gerald Davis the corporate economy is a term
of the past. According to Davis "we are in the midst of the third industrial revolution" (Davis 167).
The reason is a combination of factors such as technology, the industrial movement, and inequality
and political struggles to tame the market. More specifically novice and new technology began the
collapse of the corporation. Since corporations ceased to exist the economy is unpredictable and
unstable. Many of the once solid positions are replaced by offshoring work to other countries. Many
people are unemployed however the unemployed remain undocumented.
Given the unemployed remain undocumented the published unemployment figures convey the
unemployment rate has gone down. Yet at the same time the labor force has dropped since 1977.
The cause of undocumented unemployed citizens' results from the number of social security not
counted on the unemployment data. According to Davis the past two decades substantially
outnumbers the unemployed.
Many Social Security Disability Income (SSDI) citizens remain permanently unemployed. Also,
many citizens live off part–time jobs and rote tasks. Davis describes the end of the corporation as an
apocalypse in nature. Davis colorfully illustrate the "current job market is like an unmapped island
full of dense rain forests, prone to earthquakes that rearrange the landscape, and with a volcano at
the center" (Davis 183).
Many compare the instability of the economy of today to the 2008 financial meltdown. According to
author Joel Havemann in 2008 the nation documented the economy as the world's worst dangerous
crisis since The Great Depression since 2007. Afterward in 2008 a deep recession encompassed the
world (. However, the 2008 crisis is not the same as the same as today.
According to Censoo.com "while losses could continue, the U.S. appears, at the moment, to be in a
better position to weather them. That could keep a market downturn from morphing into a full–
blown financial crisis that then leads to an economic one" (Censoo). The chief reason is because the
United States (U.S.) holds less debt than government debt.
"American households now hold 15% of debt opposed to the 18.1%

Ebay Is An American Transnational Corporation
EBay is an American transnational corporation that utilizes an online interface to transmit its
business globally. To become a transnational corporation your business must facilitate its operations
in more than one country. EBay hosts an online marketplace where consumers and merchants can
trade new and used goods for discounted prices. EBay has made it easier to shop from other
countries through the process of deterritorialization. The website is also a good example of
globalizing culture; which will be discussed later in the paper. EBay has not only transformed the
online marketplace, but has been especially successful doing so. In an interview conducted with
Entrepreneur.com, a former Fortune 500 company IT consultant stated that, "EBay became a $10
billion company selling something used cheaper than new," (Girard, 2011.) This emphasizes how
successful this business has become and what the future may hold for EBay as well as companies
alike.
EBay hosts an online marketplace where consumers and merchants can come together to trade
goods in a variety of ways. One way this can occur is through Auction–type listings. This process
consist of listing an item that is available for others to bid on for a specified amount of time; the
person to bid the highest wins at the end of the allotted time. There is also a "buy–it–now" option
where an individual can immediately purchase the desired item directly from the seller. There is an
array of categories you can shop from and consist

American Hospital Corporation
Introduction Hospital Corporation of America (HCA) is a proprietary hospital management
company. The company has been following an acquisitive strategy by taking over hospital
companies and not–for–profit hospitals. The firm is also considering expanding into new health
service areas like home health care and outpatient surgery. The company is at a crossroads with
regard to its financial goals; HCA currently faces the likelihood of adverse changes to the
Medicare/Medicaid policy which could strain the company's profitability along with a substantial
increase in financial leverage risks coupled with an increase in required expenditure to reap the
effect of prospective operating synergies like economies of scale and scope from the ... Show more
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This is because there is a lack of growth opportunities through acquisition and construction of new
hospitals. HCA is expected to mature and become a cash cow by about 1987. At this stage, it is
expected to incur limited capital expenditure. Instead, the company can be "milked" continuously
from its existing operations and is expected to generate cash in excess of the amount required to
maintain the business. Likely impact of proposed changes to "prospective reimbursement" One of
the significant impacts of proposed changes to "prospective reimbursement" is that hospitals will be
paid based on expected fixed rates rather than actually incurred costs. Hospitals will no longer be
paid using cost–plus basis (costs plus a certain percentage of profits based on costs). As a result of
fixed rate payments to hospitals, there will be more incentive for hospitals to reduce costs and
improve efficiency in order to maximise profits. The prospective reimbursement program will also
result in hospitals not being able to recoup full amount of allowable interest expense. Instead, they
can only recoup the interest tax shield portion of the interest expense. Investors

American Home Products Corporation
American Home Products Corporation Symbol : AHP NYSE : AHP Business Description :
American Home Products (AHP) is one of the largest pharmaceutical companies in the world, based
in Madison, New Jersey, USA. American Home Products is a corporation involved in the production
and marketing of over 1500 consumer goods allocated among four distinct business lines. AHP is a
company with virtually no debt and an impressive amount of cash in its balance sheet. The company
is characterized by its distinctive corporate culture that emanated from its chief executive William F.
Laporte. During 17 years, Laporte maintained an extremely conservative capital structure. In 1981,
while Laporte was approaching retirement, analysts speculated on the ... Show more content on
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023529 | –0,000427 | 19731130 | –0,073839 | –0,120703 | 19731231 | 0 | 0,011425 | 19740131 | 0 |
0,004408 | 19740228 | –0,011165 | 0,002352 | 19740329 | –0,009494 | –0,023365 | 19740430 |
0,01278 | –0,045957 | 19740531 | 0,046057 | –0,041982 | 19740628 | –0,024242 | –0,022942 |
19740731 | –0,173913 | –0,070879 | 19740830 | 0,028571 | –0,087756 | 19740930 | –0,202206 | –
0,109718 | 19741031 | 0,341014 | 0,165585 | 19741129 | –0,011684 | –0,041047 | 19741231 | –
0,06993 | –0,027005 | 19750131 | –0,041353 | 0,1416 | 19750228 | 0,199059 | 0,058411 | 19750331 |
0,013158 | 0,030191 | 19750430 | –0,064935 | 0,046497 | 19750530 | 0,145 | 0,05514 | 19750630 |
0,018293 | 0,051473 | 19750731 | –0,140719 | –0,060385 | 19750829 | –0,01101 | –0,023557 |
19750930 | –0,088652 | –0,03801 | 19751031 | 0,089494 | 0,055857 | 19751128 | 0,063714 |
0,031223 | 19751231 | –0,097973 | –0,010998 | 19760130 | 0,05618 | 0,126011 | 19760227 | –
0,053191 | 0,007314 | 19760331 | 0,075472 | 0,026799 | 19760430 | –0,077193 | –0,010389 |
19760528 | –0,015209 | –0,009369 | 19760630 | 0,066148 | 0,044487 | 19760730 | –0,029197 | –
0,006157 | 19760831 | 0,026316 | –0,001435 | 19760930 | 0,04059 | 0,024484 | 19761029 | –
0,053191 | –0,020373 | 19761130 | –0,11985 | 0,005364 | 19761231 | 0,098712 | 0,061591 |
19770131 | –0,105469 | –0,036337 | 19770228 | 0,08821 | –0,01576 | 19770331 | –0,036437 | –
0,009246 | 19770429 | –0,079832 |

The Nsa On Corporations And The American People Essay
He sees you when you're sleeping. He knows when you're awake. He knows if you've been bad or
good – he's probably employed by the NSA! In the United States of America, the NSA has taken the
place of Santa Claus in watching over us, but the biggest difference is instead of giving gifts they
take our privacy. Many Americans expressed outrage at the shocking revelations of Edward
Snowden, but there was another group that was perhaps more vocal than the millions of Americans:
the tech sector. It seems odd that the tech sector, which makes a large profit in selling the privacy of
its customers, was outraged to discover that the government was abusing their privacy for security.
However, this is exactly the case. In light of such reactions to the NSA by private companies, it is
important to understand the notion of privacy these companies hold, how this differs from
individuals, and what possible effects the NSA has on corporations and the American people.
There is a large quantity of writings documenting the reaction of individuals' concerns over the NSA
revelations. However, there are far less writings on the notion of privacy on a corporate scale. To
begin examining such a theory of privacy, it makes sense to analyze the views Americans as a group
have about privacy. Fortunately, in 2015, Mary Madden and Lee Rainie performed a series of polls
and surveys to analyze America's perception of privacy. In this study, more than 90% of adults said
they cared if their

Walmart : An American Multinational Retail Corporation Essay
Walmart is an American multinational retail corporation that sells anything from cleaning supplies
to dinner. The variety of merchandise in the store is never ending, where many different brands
compete to sell the number one product. The first ever Walmart was created in Rogers, Arkansas in
1962 by Sam Walton. Sam wanted to create a store that was affordable for everyone and created the
company's official purpose of, "If we work together, we 'll lower the cost of living for everyone...we
'll give the world an opportunity to see what it 's like to save and have a better life." Sam Walton
died in 1992, but the brand that he created still exists today in very high numbers in reference to the
amount of stores world–wide. The corporate structure of Walmart could related to that of a
Hierarchal Functional Organization where orders are passed down in a vertical line of command.
Other than the CEO, every Walmart employee has a superior to look up to and to also be graded on
their performance by that superior. Top managers pass down directives and mandates to middle
managers so that store employees can be directed in how the store should operate. This is how top
managers communicate with in–store employees. The Departmentalization of Walmart is broken
down into four main departments: stores and clubs, Healthcare, Transportation and Logistics, and
Corporate. Store and clubs focus on selling retail products and providing customers the best service.
Employees from this department

Managing Corporate Capital Investment and Capital Structure
Case 5
Assess American Home Products ' (AHP) business risk.
THE BUSINESS RISK OF A COMPANY INCLUDES ΒR WHICH IS RELATED TO ITS
REVENUE AND OPERATING LEVERAGE WHICH ARISES FROM FIXED COSTS OF
PRODUCTION. IN GENERAL, THE PHARMACEUTICAL INDUSTRY HAS A VERY HIGH
BUSINESS RISK DUE TO HIGH RISKS AND COSTS THAT ARE ASSOCIATED WITH THE
RESEARCH AND DEVELOPMENT OF NEW PRODUCTS. AMERICAN HOME PRODUCTS
HAS A LOW BUSINESS RISK IN COMPARISON TO THE INDUSTRY. THIS IS BECAUSE OF
THE UNIQUE NATURE OF MIMICKING COMPETITOR 'S PRODUCTS AND MARKETING
THEM IN A SUPERIOR MANNER, AHP AVOIDS LARGE R&D EXPENDITURES. BECAUSE
THE R&D REPRESENTS A LARGE AMOUNT OF FIXED ... Show more content on
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THIS IS DUE TO THE INTEREST TAX SHIELD OF THE DEBT.
BECAUSE OF THE DIFFERENCE IN TAX RATES FOR INTEREST PAYMENTS (ORDINARY
INCOME) AND DIVIDENDS (15% – 25%) AS DEBT IS ADDED TO THE STRUCTURE THE
PAYMENTS ARE MADE TO INVESTORS IN THE FORM OF INTEREST PAYMENTS.
INTEREST PAYMENTS ARE TAXED AT ORDINARY INCOME WHICH SHOULD BE
HIGHER THAN 25%. THE VALUE OF THE FIRM WILL DECREASE UNDER THIS
SCENARIO.
4. What capital structure would you recommend as appropriate for AHP? Are there any other
sources of value, (other than the tax benefits), to AHP 's shareholders from a leverage increase?
What are the advantages and disadvantages of levering this company?
A 30% DEBT LEVEL WOULD INCREASE THE VALUE AND IS APPROPRIATE
CONSIDERING THE CULTURE OF THE FIRM. WE FEEL THAT A DRASTIC INCREASE IN
DEBT WILL HAVE AN ADVERSE AFFECT ON THE CORPORATE CULTURE AND
RECOMMEND A MODERATE CHANGE, RATHER THAN A DRASTIC ONE. AN EXTREME

CHANGE SUCH AS 50% OR 70% INCREASE IN DEBT WILL ENHANCE THE VALUE BUT
IS LESS LIKELY TO BE ACCEPTED BY CONSERVATIVE MANAGEMENT. THE INCREASE
IN STOCK PRICE ASSUMES THAT AHP IS PURCHASING OUTSTANDING SHARES WITH
THE NEWLY ISSUED DEBT. WE CAN SOLVE FOR THIS INCREASE BY DIVIDING THE
AGGREGATE MARKET VALUE OF COMMON STOCK, AS MEASURED IN

American Chemical Corporation Case Summary
Introduction:
1) This report considers the potential purchase of the sodium chlorate producing plant in
Collinsville, Alabama by Dixon Corporation from American Chemical Corporation in October
1979. The reason for this stems from the fact that American Chemical Corporation was attempting
at the time to buy a controlling stake in Universal Paper Corporation, but the management of
Universal contested this on the basis that it would be anti–competitive, given that they were both
producers of sodium chlorate. The US government supported Universal in this belief and in order to
prevent court action American had to agree to divest its sodium chlorate producing plant in
Collinsville, Alabama. As of October of 1979 Dixon has agreed to ... Show more content on
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2) Assumes cash flows are reinvested at a hurdle rate specified by Dixon, which accounts for the
required rate of return on the project given its risk profile (unlike the IRR, where cash flows are
assumed to be reinvested at the IRR).
3) Takes account of the time value of money by discounting the cash flows back to the present
period, with higher weightings given to more recent cash flows.
4) This discounting is done using our specified hurdle rate, ensuring that the discounted value
accounts for the required return on the project.
Now that we have determined that NPV is to be our evaluation method for the plant we need to
calculate a discount rate (or hurdle rate) for the plant based on its risk profile.
Weighted Average Cost of Capital (WACC)
11) In calculating a discount rate for this firm we need to ask "Is it to be cost of debt, cost of equity,
or a weighted average of the two in a cost of capital?" The financing for this project is 100% debt so
the initial thought is to use cost of debt as the discount rate. However we believe this to not be the
correct approach. Debt as at October 30, 1979 (prior to the proposed acquisition) was $1,000,00)
while Stockholder's Equity was $14,718,000. So equity makes up a substantial amount of the

American General Corporation
American General Corporation
Evaluating the Risk of the American General Corporation we started from looking at company's
market standing from potential investors point of view. First we take a look at the companies profile.
American General Corporation is a diversified financial services organization, provides retirement
services, life insurance, and consumer loans. The company offers retail financial programs through
fifteen thousand merchants. American General Corp. operates in 41 states. Puerto Rico, and the
United States Virgin Islands.
Well, first we find out that American General Corporation is a blue chip, multibillion dollar
company. This tells us right from the beginning that this financial giant is really worth ... Show more
The company is very careful with it's investments. AGS decreases its investments into the below
investment grade securities ( have credit rating below BBB– ) from 5% at June 31 of 1998 to 4% at
December 31 of 1997%. The company invests in below investment securities to enhance the overall
yield of the portfolio. Investment income from below investment grade securities was $148 million
for the six months ended June 30, 1998. This tells us that this company is not looking for the quick
profit, so it does not through its money around passing on opportunities for greater rate of return on
equity for stability and safety. For some investors this might seem as an extreme measure, because
after all earning money on market is all about risk. But for those who investors who are looking for
a stable and secure investment American General Corporation should fit the profile. Then again,
getting rid of risky investments moved company's beta closer to market beta ( which considered to
be 1 and AGC beta right now is about .95 ) was not such a good idea, because now with there is a
more chance for the company to take a deeper dive with recession of overall U.S. economy.
Consumer Finance division's capital varies directly with the amount of total finance receivables. The
capital mix of consumer finance debt and equity is based primarily upon maintaining at a level that
supports cost–effective funds. From financial research we know that American General Corp. had $
9.2

The AMR corporations and American Airlines
There are companies that are laid out in various parts of the word. The company that I had chosen
the AMR Company, the industry it operates in is the Airlines. The AMR Company operates in the
Airline industry and its home country/domestic environment is in the Fort Worth, Texas of the USA.
AMR (parented of American Airlines) was founded back in the 1920's by a young aviator named
Charles A. Lindbergh who flew mail in DH–4 biplanes and eventually form into a modern–day
American Airlines. In November of 2007 the AMR Corporation had planned to divestiture the
American Eagle to its own regional carrier in 2008. The least admired for the AMR Corporation
would be the millions of dollars that they lost during the decline in business travels. The spent
money to enlarge their companies with mergers and added flight packages that they turned around to
retire at least 22 aircrafts that includes TWA's entire fleet of 10 DC–0s. According to Chairman Don
Carty "Keeping capacity in line with demand is one of the most import actions we can take in
response to these adverse economic conditions." The business theorist I would had chosen for this is
Professor John Eric Adir, his theory is a leadership theorist and author of forty books on business,
military and other leadership. The Department of Transportations had plans to terminate its
regulations governing the market of electronic distribution of tickets and flight information to travel
agents. There were economic

American Home Products Corporation ( Ahp )
Staff Analysis
Statement of the Problem American Home Products Corporation (AHP) is currently considering
various alternatives to its current capital structure policy, in light of recent speculation concerning
the retirement of Chief Executive Officer William F. Laporte. The company's historical fiscal
conservatism and risk–aversion have provided years of steady growth, and its frugality and tight–
financial control have led to consistently improving earnings. If the company were to adopt a more
financially aggressive capital structure by issuing debt and repurchasing common stock, it could
potentially enhance equity returns. AHP must review its current and future financial needs, and
decide among four different capital structure alternatives; it may maintain current debt–free policy,
or target a debt to total capital ratio of 30%, 50%, or 70%. If the company does issue bonds, it must
also determine terms of the debt.
Discussion
AHP operates four primary lines of business: prescription drugs, packaged or over–the–counter
drugs, food products, and housewares and household products. The company's operational focus is
on superior marketing rather than internal product development, and it avoids the risk of research &
development or new–product introduction. Instead, the company acquires products and licensed
pharmaceuticals in order to source new merchandise. The company's diversified revenue stream and
unique operational focus make comparable analysis difficult, but there

How Do Tariffs And Taxes Affect How American Corporations...
The current democratic administration is saying that American corporations are being reckless by
moving their operations overseas, making less jobs available here. I will be discussing the following
questions. What is the purpose of having operations elsewhere? How do tariffs and taxes affect how
corporations handle business? How do subsidies benefit or harm American corporations? How does
the American corporate tax rate affect the price of goods in America? Do corporations need to pay
more or less in taxes? I will also be talking about the main goal of corporations and how this goal
affects stakeholders.
I will first talk about the purpose of having operations done in another country. American companies
can decide to move their companies overseas for a few reasons. One reason is that they can hire
workers at low wages, for example, in China they can pay as little as 30 cents and hour whereas
here they would have to pay employees minimum wage.1 Another reason is because the company
would not have to pay employee benefits, such as vacation time sick days, and health insurance.1 A
third reason would be that they would not have to follow safety and environmental regulations.1
The last reason would be that they would not have to pay foreign taxes ... Show more content on
Helpwriting.net ...
Tariffs are placed on imports and foreign products. They were originally made to provide revenue
for the federal government, go before income or property taxes.2 However, tariffs now have a
different uses and are looked at differently. Tariffs increase the price of a product, lowering its
demand and sets aside domestic producers from foreign competition.2 Because of this, countries
places higher tariffs on goods that will be considered import sensitive.2 The U.S. also imposes taxes
on the income that is earned instead of placing taxes based on consumption,which is called a Value
Added Tax.1 This is a motivator to move companies

Intel Corporation : An American Multinational Technology...
Intel Corporation is an American multinational technology company, which is headquartered in
Santa Clara, California, America. It is one of the world 's largest semiconductor chip manufacturers,
and ranked number 56 on the 2015 rankings of the world's most valuable brands. Intel was founded
in 1968 by Robert Noyce and Gordon Moore. Intel got its name as a compound of the words
integrated and electronics. In the early years, main products of Intel were SRAM and DRAM
memory chips. That was the majority of its business before the year of 1981. During 1990s, Intel
started to expand and invest in new microprocessor designs. And after that Intel went on the track of
rapid growth in the computer industry. Then in later years, Intel became the dominant supplier of
microprocessors for PCs, and took a lion share in the whole industry. Now Intel covers various
products and services including devices & systems, processors, boards & kits, chipsets, solid state
drives, server products, networking & communications, wireless, software & services. The first
CEO of Intel was Robert Noyce, who founded the company in 1968, together with Gordon Moore.
Andy Grove became the company 's president in 1979 and added the CEO title in 1987 when Moore
became chairman. In May 2012, Intel vice chairman Andy Bryant succeeded as executive chairman,
who previously worked as CFO and Chief Administrative Officer at Intel. Then in 2013, Executive
Vice President and COO Brian Krzanich was elected as Intel 's

Starbucks Corporation, An American Company
Abstract
The Starbucks Corporation, an American company founded in 1971 in Seattle, WA, has had a
substantial impact on the way Americans socialize, relax and even meet to conduct business.
Starbucks is a premier roaster, marketer and retailer of specialty coffee around the world. With an
annual growth consistently topping 20%, it is obvious that the company is doing something right.
Today, the Starbucks Corporation employs over 182,000 individuals in 19,767 company operated
stores that are spread throughout 62 countries, making it the largest coffee house chain in the world.
Their product mix includes handcrafted and roasted premium priced coffees, tea and other
beverages, as well as a variety of fresh food items. Starbucks also licenses their trademark through
other channels such as licensed stores, grocery and national foodservice accounts. In addition to the
Starbucks brand, their portfolio includes goods offered under these brands; Tazo, Seattle's Best
Coffee, Starbucks VIA, Teavana, Starbucks Refreshers, Evolution Fresh. Starbucks reached a total
revenue of $14.89 billion as of September 29th, 2013. Their mission is to inspire the human spirit
one person, one cup, and one neighborhood at a time.
External Environment
You can typically find Starbucks company stores in high–traffic, high–visibility locations. There are
stores in a variety of settings, including downtown and suburban retail centers, rural and off–
highway locations, office buildings, and university

The Ethical Responsibilities Of American Corporations Essay
The Ethical Responsibilities of American Corporations in the Developing World
si fueris Rōmae, Rōmānō vīvitō mōre; si fueris alibī, vīvitō sicut ibi ‎
("if you should be in Rome, live
in the Roman manner; if you should be elsewhere, live as they do there") – St Ambrose
Pepsi CO started to invest in the Indian subcontinent in the early nineties having since that time
built dozens of bottling plants, created hundreds of thousands of jobs and injected some two billion
in capital.(Thom Forbes). All of these contributions are not with out controversy, though. In the
recent past, 2006, It was found that Pepsi products produced in India contained dangerous levels of
pesticides and other chemicals(Sean McLain). This is not what most people usually associated with
soda pop. This contamination of Pepsi 's products stems from production practices implemented in
India, but not in Europe or the United States(Business Week). All can agree, The shear scale of
business Pepsi CO. engages, in the United States and abroad makes it an extremely powerful entity,
economically and politically. Accordingly, St. Ambrose would have to agree–– Pepsi CO.
production practices, while being completely legal in India, are unethical. There are those who
would disagree, those like Thomas Donaldson argue that market forces should be heeded in all
economic matters. Simply put, they are wrong. The United States Constitution states that all men are
created equal, even though the document is often

General Motors : An American Multinational Corporation
General Motors General Motors Company commonly known as GM, is an American multinational
corporation headquartered in Detroit, Michigan, that designs, manufactures, markets and distributes
vehicles and vehicle parts and sells financial services. It produces vehicles in 37 countries under
thirteen brands: Alpheon, Chevrolet, Buick, GMC, Cadillac, Holden, HSV, Opel, Vauxhall, Wuling,
Baojun, Jie Fang and UzDaewoo. General Motors employs more than 212,000 people from all over
the world and does business in more than 120 countries. It also has numerous joint ventures like
Wuling, GM–avtoVAZ and General Motors India. As part of its 2009 bankruptcy restructuring the
current company, General Motors Company LLC, (new GM), was formed in 2009, after the
bankruptcy of the General Motors Corporation (old GM). The company was formed on September
16, 1908, in Flint, Michigan, as a holding company for McLaughlin Car Company of Canada
Limited and Buick, then controlled by William C. Durant. At the commencement of the 20th century
there were less than 8,000 automobiles in America and Durant had become a leading manufacturer
of horse–drawn vehicles in Flint before making his entry into the automotive industry. GM 's co–
founder was Charles Stewart Mott, whose carriage company was merged into Buick prior to GM 's
creation Durant reorganized General Motors into General Motors Corporation in 1916, merging
Chevrolet with GM and merging General Motors of Canada Limited as an ally in 1918. General

Starbucks Corporation : An American Coffeehouse Chain
Starbucks Corporation is an American coffeehouse chain founded in 1971 starting out as only one
store retailing in whole bean, tea, and ground coffee in the Pike Place Market in Seattle, Washington
(Starbucks Company Profile, 2016). Starbucks comprises four operating segments along other non–
reportable operating segments. The operating segments include Americas, China Pacific, EMEA,
and Channel Development (Starbucks Company, 2016). Starbucks continuous growth strategy has
translated in over 24,000 retail stores where millions of customers are served with its exceptional
products in 70 countries. Here, customers enjoy a range of products to choose from. These include
handcrafted beverages, merchandise, and fresh food. Besides, its rapid growth has replicated in the
expanded brand portfolio comprising Teavana, Evolution Fresh, La Boulange, Ethos Water, Seattle's
Best Coffee, Starbucks Coffee, and the Torrefazione Italia Coffee (Starbucks Corporation, 2016).
The company operates through a partner platform oriented on employees who further the Starbucks
Experience to customers in an inviting atmosphere. The company maintains a social conscious
platform through ethical sourcing, environmental stewardship and community involvement in its
operations (Starbucks Corporation, 2016). Distinction between an Asset and an Expense An asset
refers to a resource of economic value owned and controlled by an individual, country or a firm
resulting from past transactions or events, with

Bank Of Americ An American Global Banking Corporation
Bank of America is an American global banking corporation which just provides banking and
financial services to individuals and customers. The bank has covers each area, such as serving
individuals, providing financial management products and services. Also it covers a larger area and
operates in a lot of banking platforms. A change of retailing banking services is provided by the
bank to its customers and individuals, (Jorion, 2009). Some of the lending practices at the Bank of
America are going through the account, providing credit card facilities, savings account service.
Going through the account allows for the deposits of various funds through phones and other
technology and monthly waivers for the students who are able and many others suitable (Elsilä,
2015). Providing credit card facilities allow of the cash back rewards and low interests rewards,
traveling and many other options to create rewards. It provides individuals enough convenience.
Saving account services is basically delivers easy and instant opening of accounts and managing the
accounts through many online banks processes. Still, there are many other services as well which
includes home loans, retirement specific account and many more. These services aim to provide the
best user experience that the customers will gain from the Bank of America. (Bankofamerica.com,
2016)
Credit risk measurement also named as CRM in banking industry, can be noticed in two different
standpoints in the bank. It can be the

Comparative Analysis During this comparative analysis on Pepsi Corporation (Pepsico), I will
utilize the intracompany basis, intercompany basis, and industry averages to analyze Pepsi
Company's financial performances. Next, we will calculate the ratio analysis to measure profitability
and liquidity. PepsiCo made a power move and acquired Diet Mountain Dew, Brisk and Starbucks
to increase revenues in 2012.
Intracompany Basis
PEPSI (PEP)
2013
2012
2011
Amount
Percent
Total Revenue $ 66,415,000 $ 65,492,000 $ 66,504,000 $ (89,000)
–0.1%
Cost of Revenue $ 31,243,000 $ 31,291,000 $ 31,593,000 $ (350,000)
–1.1%
Gross Profit $ 97,658,000 $ 96,783,000 $ 98,097,000 $ ... Show more content on Helpwriting.net ...
Industry Averages
2013 ANNUAL REPORTS
PEPSI
COCA–COLA
DR. PEPPER
Gross Profit $ 35,172,000 $ 28,433,000 $ 3,498,000
Operating Income $ 9,705,000 $ 10,228,000 $ 1,046,000
Net Income $ 6,740,000 $ 8,584,000 $ 624,000 all numbers in thousands (Yahoo Finance, 2014) 1.
Coca Cola – 30% 2. Pepsi – 19% 3. Dr. Pepper – 17% Coca Cola Company's net income was 30%
of the total gross profits. The low operating costs increased the net income of the business. Pepsi
Company has the highest gross profit, but the net income from Coca Cola Company is $18.1 billion
dollars higher than the net income of Pepsi Company. Financial Ratio Analysis is important for a
company to use because it helps the business learn more about their company's current financial
health. There are different types of ratios that a company can perform to provide them the
information from their financial statements. One of the common ratios used is to see the company's
liquidity. A liquidity ratio would help measure the company's ability to cover their expenses. These
ratios are both based off information provided from the balance sheet. The two most commonly

used liquidity ratios companies use is the current ratio and quick ratio.
The Current Ratio reflects the financial strength of the company. This ratio

An American Corporation Outsourcing At The Pennsylvania...
Mark Anner, Associate Professor of Labor and Employment Relations at the Pennsylvania State
University, has written perhaps the most persuasive piece of literature on the reasons for the lack of
progress in workers' rights for employees of independent contractors hired in the process of an
American corporation outsourcing to another nation. Before the Rana Plaza Factory Fire in 2012
and currently still, most of the CSR models focused on voluntary codes of conduct which allowed
corporations to adopt for publicity purposes, yet not fulfill the responsibilities of those agreements,
without facing any consequences. These programs of CSR are extremely unsuccessful, as most
factories and independent contractors cut corners to pass inspections ... Show more content on
Helpwriting.net ...
However, after the Rana Plaza Factory Fire, major retailers such as H&M, Zara, Tommy Hilfiger,
and Calvin Klein entered into an agreement with UNI and IndustriALL, two global union
federations in order to ensure safety for their workers abroad. The signing of this Accord places
retailers and branded corporations at the top of the entities with obligations to its workers below.
"This Accord imposes on these buyers substantive obligations – most notably, financial obligations
to help suppliers pay for safety upgrades, such as the installation of fire exits, or, in the case of
structurally unsound buildings, major repairs while guaranteeing the payment of workers' salaries
for time lost at work." Anner and his peers find this Accord to be the first of many promising and
successful steps towards ending these tragedies. However, I found that contrary to what the media
and these retailers may publicize, this accord applies to Bangladesh only. Many of these
corporations have factories within India, China, and Pakistan as well that are not affected by this
agreement. Although this may be one attempt at solving the problems of global outsourcing, it does
not reach far enough.
After voicing his thoughts and hopes on the future accomplishments of the Accord, Anner then
introduces another reason for why many current CSR models have not been as successful as
originally projected. He states that buyers need to play a bigger role in pushing for corporate
responsibility and he

Americ A Strong Wave Of Big Corporations Picking Up And...
In America there is a strong wave of big corporations picking up and abandoning their American
roots, and finding cheap labor in countries like China, Mexico, and Brazil. The rapidness of this
epidemics begun in the 1980's and over the course of 43 months 8 million manufacturing jobs were
lost. If we do not solve this problem, we could lose the backbone that built American and the only
force that could have the potential to build it back up again. Let's face it, our economy is not stable,
the national debt is outrageous, and we are loosing to these other countries. We have got to 1.) stop
so many of our corporations from abandoning us and 2.) Bring our jobs back home. Our government
must intervene for our sakes. Our leaders must stand up against these corporate big wheels and let
them know they have screwed over the American people too long by making them work ridiculous
hours, having no paid family leave, not bridging the disgusting wage gap between men and women,
and the ugly way they care for their American workers with little to no benefits. Our government
must stand up for us and make sure that,
Corporate headquarters remain in America if they want to hire American workers
If they do not treat their employees with dignity, we will tax them heftily so the government can
provide their workers with things like paid family leave, equal pay, and many more benefits.
If they should get the motion to leave America for cheaper corporate taxes or cheap labor, let them
know that

American Chemical Corporation
Executive Summary – Valuation of Manufacturing Plant of American Chemical Corporation (ACC)
Problem Statement
This report discusses;
1– Determination of weighted average cost of capital (WACC), cash flows and NPV of ACC's
Collinsville Plant with and without Laminate technology.
2– Evaluation of plant's acquisition proposal on economic grounds.
3– Evaluation of plant's acquisition proposal on strategic grounds.
4– Strategic issues associated with the proposal.
5– At the given price and terms, should the proposal accepted. Alternatives, if any.
Discussion
Determination of WACC:
For the purpose of determination of cash flow's present value, WACC is determined as 16%, as
shown in the attached Exhibit B.
Present value of cash flows: ... Show more content on Helpwriting.net ...
(Op. Profit to net asset: 1975=17%,78=90%, Op. Profit: 1975=800,000 1978=4,800,000)
2– Collinsville plant is considered to be one of the three large producers of sodium chlorate, thus
bringing the economies to the acquirer (Dixon).
3– Plant is located in the market which is concentrated with the consumers of the plant's main
product (sodium chlorate) as paper pulp mills, which allows the flow of savings in freight cost.
Freight costs are a major part of product's cost.
4– Strong savings are expected to be earned in association with the laminate technology (as
demonstrated through the sensitivity case) due to its specific effect on power savings of 15%–20%,
and tax savings on depreciation of laminate technology cost. Power savings are a huge factor as
60% of product's cost is associated with power cost, which is on the rise.
5– The production capacity of plant is attractive at the level of 40,000 tons production.
Evaluation on Strategic Grounds:
Following points evaluates the strategic aspect of the

American Barrick Resources Corporation Case
American Barrick Resources Corporation Case a. Explain the value chain for gold mining firms
(how can a mine create a competitive advantage relative to its rivals). What are the factors that may
explain exceptional performance of ABX relative to the other gold mines? To create a competitive
advantage, a mine has to properly manage its exposure to gold price fluctuations. This is not an easy
thing to do since there are so many factors to consider: when, how much, and how to hedge the gold
production. Firms in this industry differentiate themselves based on the risk management strategies
they implement. Furthermore, mines should also be able to minimize the cost of gold production
along with making large sunk costs. Operating in ... Show more content on Helpwriting.net ...
For every 1% change in gold prices, how might its stock price be affected? How could the firm
manage its gold price exposure without the use of financial contracts?
If American Barrick wanted to protect itself from gold price exposure without the use of financial
contracts, it could use natural hedges. One way to hedge against undesired risk is to match cash
flows such as revenues and expenses. In other words, a commodity producer such as American
Barrick, which has revenues payables in U.S. dollars and incurs cash outflows in a different
currency, will try to match its outflows to its expected inflows in the foreign currency. Another way
of hedging against risk is the purchase of insurance to protect against financial loss due to external
influences. It is also common to hedge gold investments against fluctuations of the U.S. dollar. It is
extremely important for commodity traders to know which currency is correlated with what
commodity in order to be able to predict certain market movements; for instance, there is often a
negative correlation between gold and S&P 500.
c. What is the stated intent of ABX's hedging program? What are the arguments for managing gold
price exposure? ABX wanted to lock in the price at which it could sell its output in order to avoid
seeing the expected value of

Countrywide Financial Corporation : The American Dream For...
Home ownership is the embodiment of the American dream for various individuals. Countrywide
Financial Corporation selected strategies that would allow numerous Americans to make this dream
a reality. Company analysis will reveal areas of improvement as well as issues that can threaten the
vitality of the corporation. Recommendations will provide insight into areas that could improve
financial and general corporate health.
Innumerable Americans have connected with Countrywide Financial Corporation at one time or
another during the last forty years. Countrywide Financial Corporation began as a link to home
ownership and financial growth for many individuals. Sadly, case study analysis revealed that
Countrywide Financial Corporation was not able to maintain the momentum needed to continue the
legacy that started in 1974 with the opening of the original retail branch in California (Eastburn, R.,
2010).
Strategies and Plans
At the company's inception, Countrywide Financial Corporation's founders had a broad vision for
the mortgage company (Eastburn, R., 2010). Even though Countrywide Financial Corporation
started out as a small operation, within a few years, it began to flourish (Eastburn, R., 2010). The
founders had a plan to expand Countrywide past the competition. Not only would Countrywide
operate local offices, similarly as other mortgage lenders, but also Countrywide would expand to
cover the nation (Eastburn, R., 2010).
This vision included a differentiation

Microsoft Corporation : An American Based Multinational...
Microsoft Corporation, or Microsoft, is an American–based multinational technology company that
develops, manufactures, licenses, supports and sells computer software, consumer electronics, and
personal computers and services (Microsoft). It is the world's largest software maker by revenue,
and one of the world's most valuable companies (Magazine, V.F.).
Paul Allen and Bill Gates founded Microsoft on April 4, 1975, to develop and sell BASIC
computers for Altair 8800 (Microsoft). The current CEO is Satya Nadella, Brad Smith is the current
President, and Bill Gates now serves the company as a technology advisor. The corporation is
headquartered in Redmond, Washington, on the Microsoft Redmond campus. Since its inception,
Microsoft's industry has expanded to include computer software, computer hardware, consumer
electronics and digital distribution (Facts).
Microsoft's product line is highly diverse and handled by divisions. The Client Division handles the
Windows OS line, such as Window 7, 8, and 10; while Server and Tools produces the server
versions of Windows, as well as development tools such as Microsoft Visual Studio, Microsoft
Silverlight, System Configuration Manager, Microsoft SQL Server, Microsoft Exchange Server,
Small Business Server, and Microsoft BizTalk Server.
Also included in the Server and Tools Division are IT consulting and Microsoft's certification
programs. These certifications include Microsoft Certified Solution Developer, Microsoft Certified
Systems

Public Policy Impact On An American Corporation
Public Policy Impact on an American Corporation Due to the differences in mankind, issues and
conflicts often occurred in history for a multiplicity of reasons and they still will occur in the future.
But to improve the quality of life for everybody and because we are all supposed to be equal in
some way, we definitely need to create laws, draw up guidelines and develop principles that might
solve upcoming issues or at least minimize the harm for the unprivileged and socially disadvantaged
part of people. That is why I am going to write about the American with Disabilities Act. I will give
an overview of its content and go into particulars about its history and how the act emerged.
Furthermore, I will explain the benefits affected people ... Show more content on Helpwriting.net ...
The law is supposed to protect people within the United States who suffer from physical, visual, or
hearing impairments just as cognitive disabilities. The ADA act is divided into four titles dealing
with aspects of employment, state and local governments/transportation/public services, public
accommodations and telecommunications (Rehabilitation Institute of Chicago, "Americans with
Disabilities Act (ADA): Summary of Key Points", 2014). The first title of the ADA prohibits
discriminative practices in the working environment. It applies to state and local governments, to
legislative and judicial branches of the Federal Government, to employment agencies and labor
unions. That means that private employers or others of the above mentioned entities who have more
than 15 employees cannot oppress qualified occupation candidates and workers on the premise of
their handicap. This implies that it is illicit to get some information about an inability amid the
employment interview. The person who applies for a job can decide if he or she wants to talk about
an inability when requesting changes that will help in doing something. This incorporates job
restructuring and equipment modifications. If required, managers must roll out a few improvements
to empower the job candidate with an impairment to perform the crucial elements of the
employment (Rehabilitation Institute of Chicago, "Americans with Disabilities Act (ADA):
Summary of Key Points", 2014). Despite everything,

ACC/561
September 19, 2013
Mr. Ponteja
Wal–Mart is one of the biggest retailers not only in the United States, but also internationally. The
corporation was founded in Arkansas by Sam Walton in 1962 and has grown to produce revenue of
over $460 billion while employing 2.2 million employees (Seeking Alpha, 2013). Wal–Mart is
known for the low cost structure and has succeeded in the retail market. Although the corporation
has been successful, there are many competitors in the retail industry that could be considered a
threat for Wal–Mart. To help Wal–Mart maintain its sustainability, a corporation analysis can be
performed to measure profitability and liquidity ... Show more content on Helpwriting.net ...
As a result, from 2012 to 2013 the company inflated by 5.0% in profit.
Profitability
Wal–Mart Inc, most concern with it is the measure profitability. The most important tools of
financial analysis are ratio and the profitability which is base to determine the organization return to
its investors. Measure profitability measures the important to company management and owners
investments. Wal–Mart Inc has investors who have invested into the company future grow and
potential to global expansion. Wal–Mart measure profitability ratios show the efficiency and
performance. The profitability ratios can be dividing in returns and margins. Ratios represent the
margins of the organization and the ability to translate profits, sales or assets into stages of
measurement. Wal–Mart rations efficiency can generate returns for its shareholders. The measure
profitability is calculate base from the financial data obtained from annual reports from Wal–Mart
.The ratio analysis perform four major areas of liquidity, asset management, debt management and
profitability. The measure profitability analysis consists of the current ratio. All these ratios indicate
higher levels of liquidity for Wal–Mart ability to meet short term obligations. The elements of the
measure profitability are to understand the company profitability and ability to earn return sales,
total assets. Three profitability measures are the profit margin sales, return on assets, and, the return
on shareholders'

Ethics At Work : Creating Virtue At An American Corporation
Ethics in the Lockheed Martin Corporation didn't always have the message it has today. As I read
through the book, Ethics at Work: Creating Virtue at an American Corporation, specifically chapter
two, I came across some very interesting issues this corporation has had to deal with over the past
few decades that go back to the 1920's and earlier. In the following I'll go over a few points that led
to the development of Lockheed Martine's current ethics program. Ill cover some ethics issues that
were overcame on the way to a great ethics program. First let's talk about the beginnings that started
the Lockheed Martin Corporation so you can get an idea of the foundation of the company itself.
The Loughead Brothers developed their first aircraft in 1913. They successfully flew this aircraft
over Alcatraz at a top speed of 63 mph. Their first military aircraft was developed a little too late for
deployment in the First World War. That untimely event sent one of the brothers, Malcom Loughead
to venture out away from the aircraft industry and left the other brother to go at it alone. So in a
since that was the first time this company faced its first major obstacle on the way up the aircraft
industry ladder. Over the years, Lockheed was bought and sold and eventually landed with Robert
Gross after he purchased it for $40,000 in 1932. Over the next three decades he turned Lockheed
into a leader in the aircraft industry. In that time Lockheed experience some great strides in

Bilal Al– Qureshi, Said Business School, University of Oxford 2010
HBS Case Number: 9–290–102
Executive Summary
The American Chemical Corporation (AMC) is a large, diversified chemical producer. In 1979,
AMC was forced to issue a tender to sell a Sodium Chlorate plant, near Collinsville, Alabama.
Dixon, a specialty chemicals company, was willing to purchase the aforementioned plant for
$12m with the option to invest a further $2.25m on laminate technology. The subsequent investment
in Laminate technology was expected to eliminate graphite costs and reduce power consumption at
the Collinsville plant by 15% to 20%.
We will evaluate the acquisition of the Collinsville by Dixon at the proposed price. ... Show more
(2) Dixon Beta ßD= ( 1 + D/E ) * BU
1.42= ( 1 + .35/.65) *.92
1
2
Pg 637, 2007, Demarzo, P et al "Corporate Finance", Pearson International
Pg 443, 2007, Demarzo, P et al "Corporate Finance", Pearson International
3
Bilal Al– Qureshi, Said Business School, University of Oxford 2010
b. Cost of Debt (CoD)
Dixon is raising debt capital by issuing long3 and short term bonds; an interest rate of
11.25% is used, for both instruments.
Specification 3 identifies the formulae to calculate the cost of debt.
(3) COST OF DEBT = (1–t)* Mrf
5.77% = (1– 48.49%) * 11.25%
c. Cost of Equity (CoE)
We use the Capital Asset Pricing Model (CAPM) to determine the cost of equity. As per our
assumptions, our equity risk premium4 is 6.5%. Our Risk Free rate (Rf) is determined by the yield
of a long term government treasury bond, 9.5%

Specification 4 identifies the formulae to calculate the cost of equity.
(4) CoE = Rf * ßD* ERP
18.73% = 9.5% * 1.42 * 6.5%
d. Weighted Average Cost of Capital (WACC)
As per our assumptions the debt structure juxtaposed with the equity structure is 35%:
65%.
The CoD calculation factors in the effect of taxation thus,
Specification 5 identifies the formulae to calculate the tax adjusted WACC
(5) WACC = (Ds)*CoD + (Es)*CoE
14.19% = (35% * 5.77%) + ( 65% * 18.73%)
The pre–tax adjusted WACC is 15.94% nonetheless; for the purpose of valuation we will use

The Disney Corporation : Positive And Negative Effects On...
The Disney Corporation The Disney Corporation has had both positive and negative effects on
American society. Disney has majorly affected both the youth and adults in America by way they
interact with each other, what they expect from each other, and how parents bring up their youth in
harsh and unrealistic expectations according to Disney. Disney has fostered a strong sense of
imagination in the past, present and future youth of America. This sense of imagination is necessary
to the development of children when it comes to success in life and self–confidence. The Disney
Corporation knows how to work it's audience for a profit and mastering that skill has allowed
Disney to accumulated billions by advertising and selling fantasies to young children and their
parents. It's also these very ideas that influence what Americans believe our government and
policies should be founded on. In "The Mouse That Roared" the author states "Education is never
innocent, because it always presupposes a particular view of citizenship, culture, and society. And
yet it is this very appeal to innocence, bleached of any semblance of politics, that has become a
defining feature in Disney culture and pedagogy" (Giroux 31) This quote defines Disney at large.
Disney has created the idea of 'imagination' in American society and perpetuates it in everything
America does and influences everything America stands. In everyday American life, politics and
business, The Disney Corporation has a hand in it.

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