Tuesday, December 24, 2019
Mini Island Descriptive Essay - 1099 Words
All over the world there are breath taking sights and places you must visit in your lifetime. Hidden towns and cities are all around but there is one in particular that no human has ever heard of, until now. Deep in the blue seas there lies a small island with the name of Sunny Views. This mini island is what anybody would consider an average paradise. Thereââ¬â¢s the ocean of course, palm trees, beach fun, and eventful resorts. There were surfers in the water and youngsters playing in the sand. Everything was perfect and sounded pretty normal, on paper, that is until you see it in person. This particular island consisted of all animals. The workers were animals and the resorts were animals! All of the population on this island were animals!â⬠¦show more contentâ⬠¦Not one. In fact, there were no other animals anywhere near to her size. Ella was far larger than any of the other animals. As she got closer and closer to the school her heart began racing. As her papa pulled u p to the front, heââ¬â¢d said ââ¬Å"have a nice day hunâ⬠. She managed a smile and opened the car door and slowly kicked one foot out after the other and made her way to the main door. She turned back and watched papa leaving into the nearby streets and stood there until she couldnââ¬â¢t see him anymore. Everyone stopped and looked up at her with fear. She timidly made her way to the doors as other animals had bumped into her and shouted ââ¬Å"hey watch it!â⬠. The light in her eyes was dim and she had no longer remembered what mama elephant had told her. She was so out of place and felt unaccepted by everyone. She searched for the bathroom as tears rushed down her blush colored cheeks. This was not what Ella expected, she was going to be the cool new popular girl and instead she was an outcast. As she entered the bathroom she headed to the biggest stall when she noticed an odd noise. She stopped in front of a stall and listened. It was a girl crying. Being the caring elephant she was, She knocked on the stall door. ââ¬Å"Are you okay?â⬠she asked. She heard a stern yet high pitched voice reply ââ¬Å"yes maââ¬â¢am! Now You move along now, you heard me?â⬠Ella was rather intimidated but she knew something was wrong for she could hear the pain inShow MoreRelatedCommunication Studies Syllabus- Caribbean Students12029 Words à |à 49 PagesStandard English.à ¹ At the same time, it attempts to develop an appreciation of the linguistic diversity of the Caribbean, which comprises the small island states, the Greater and Lesser Antilles, all the other islands in the Caribbean Sea (including the Turks and Caicos Islands, the Bahamas, the Cayman Islands, islands of the Francophone Caribbean and the islands of the Netherlands Antilles) and Belize, Suriname, Guyana and Cayenne. 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Sunday, December 15, 2019
Hector Beverages Free Essays
Marks, Manna, Jamming Kola Kathy, Oakum, Googolplex aka Pain, Mil aka Amman and Clearer, was launched last year with the theme of home made Indian healthy drinks/ Hector Beverages Pet. Ltd. , is a disruptive entrant to the industry with the aim to change this. We will write a custom essay sample on Hector Beverages or any similar topic only for you Order Now Priced at RSI 30 for a mall pack, thanks to its innovative packaging and low overheads, the drink is trying to create a space for itself with the customers of different category. As of now, Distribution channel for selling paperboard is direct sales in MAT market and Distributor model in GET market. So, there is no particular distribution channel for Samos. The broad objective of the Short term project Hector Beverages Pet. Ltd. Is to suggest different segments of retail stores where paper boatââ¬â¢s presence can be created to increase its sales. The major objectives of this project were 1) As a new beverage company known for wide product portfolio Hector gave the task of Segmentation of retail channels in the Oneida region of NCR and developing a go-to market strategy for increasing penetration in this area. 2) Developing database of different stand-alone modern trade stores , traditional read stores and other outlets in Oneida 3) Analyses of various areas of Oneida and its stores 4) During the course of the project covered 80+ outlets in Oneida and recommended 30 outlets along with appropriate the sales promotions strategy. For this we started with the process of segmentation of the stores on the basis of various parameters. The first one being the target group , and we defined the target group based in the interviews we had with the retailers and customers in the Oneida region. Target group : Based on our interviews with the retailers in Oneida region we cached a basic sketch of the typical customers of paper boat in this region. Age: 17 College goers and first Jobbers , people who like to try new beverages and flavors. These people are more health conscious than soda guzzling consumers. One reason is the fact that they are out everyday and mostly consume at least one beverage outside the house, either with a meal or Just hanging out with friends over conversation. Hence, these people also look for variety as they are tired of having the same flavors overtime. The most preferred flavors that unanimously all retailers aid sold the most were Am Rasa , Am pain and Clearer. Segmentation : on the basis of presence of target Audience in the vicinity. 1) Perfect Fit ââ¬â Places where the entire customer base fits into the target group of paper boat. These places have a lot of potential to help increase sales tremendously. College canteens ââ¬â ASS College , Jayvee college , ABBES college Amity Office cafeterias ââ¬â -arcs , park , Barclay These stores are visited daily by the same customers and the frequency with which these customers buy beverages is very high, almost one everyday. Hence , these are he best places to reach to our target group. Not only should these places be tapped and paper boatââ¬â¢s presence should be made paper boat can be placed and since the customers visit everyday they are likely to try new flavors and get hooked to them ultimately. Sales in these places will ultimately results into popularizing the flavors through word of mouth and customers will start eventually buying paper boar not Just for themselves but to take back home , for family and friends. 2) Almost there ââ¬â Places where at least 70 percent of the customer base fits into the target group. These are places not inside the institutes and offices but around them. The retail store that most of the college shops from outside , the street snack store that every one goes to once in a while. This would include at least 40 street vendors outside offices park , Barclay in areas like sec 62, 63,58 . 3) Will get there ââ¬â Places where at least 50% of the customer base fits into the target group. These include both retail stores and eateries . Eateries and coffee shops like those in Oneida , Apparatus and sec 25 which offer a wide variety of food and and the customers usually like it to be accompanied with a average. Matthias shops which serve light snacks like Samos and other Indian variants of it , also fall in the same category. So do the bakeries . All these places , along with the food do sell some beverages and their sales are huge. Paper boat should benefit highly from being present in these places. Another category here are the retails stores in the areas which are frequented by our target group like the ones in B block market of sector 62 , TOT mall , Sector 25 market. Also kiosks on the metro stations ââ¬â cafe buddy come under the same category. 4) Get in the house This refers to the Modern trade stores. This is not for our target group specifically , this is the route to get into customers home and achieve a status of being on the shopperââ¬â¢s list. Big bazaar in sec 18 , Spencer and easy day would all fall in this category. Segmentation : on the basis of sales This will help us Judge the potential a particular place/segment has to increase the sales of paperboard. To get the Judgment right we have categorized stores into three stores. To understand the potential that the store might have paperboard we have marked the stores on the basis if the sales of coco cola since that is one beverage each one of Hess stores stocked and no other beverage was uniformly present in all the stores. Total coco cola sales will help us understand the amount of sales that can be generated for a beverage in these stores and paper boor needs presence in these stores to take a share of those sales . On these basis we have distributed the stores in to three categories 1) High 2) Medium 3) Low The names are self explanatory and depend entirely on the sales volume of coca cola from these stores. All stores are marked on the high medium low scales in the excel , so please refer to the excel to get a better understanding of the individual store status. How to cite Hector Beverages, Papers
Saturday, December 7, 2019
Financial Management Miller and Modigliani
Question: Discuss about theFinancial Managementfor Miller and Modigliani. Answer: Introduction Miller and Modigliani (MM), two professors studied the theories related to capital structure in-depth. As per their evaluation, they were developed the irrelevance proposition for capital-structure. Most importantly, it was hypothesized by them that in the perfect market conditions, the capital structure does not have a role in the operations of finance. They stated that the firms market value is concluded by the risks associated with its underlying assets and the earning power. It further stated that the value of the firm is independent and it has the option to select the finances for the purpose its investment or to distribute the dividends (Cvijanovi? 2014). The MM approach is primarily based on the below mentioned assumptions: No cost for bankruptcy No cost for transaction No taxes No impact of debt on the earnings of the company before payment of taxes and interest Investors and companies have same information regarding the market condition Borrowing costs are same for the investors as well as the companies However, in the real world all the above mentioned costs exist. This report will illustrate the fact that the choices of capital structure have great impact on the real investment policy of the company (Saunders and Cornett 2014). Discussion The decisions related to the capital structure have an impact on the financial related risks and therefore, it affects the value of the organization. The theories related to the capital structure assists to understand the most crucial facts related to the relationship among the value of the organization and the structure of the capital (Rampini and Viswanathan 2013). The development of the capital structure theory starts with the Modigliani and Millers capital structure theory. While taking the decisions, various factors like cost of agency, costs related to financial distress, costs related to asymmetric information, deduction of interest, benefits related to tax and irrelevancy of capital structure are taken into consideration. Modigliani and miller implemented a theory that assisted to understand how the financial distress and the taxes impact the capital structure decision of the company (Muathe, Mwangi and Kosimbei 2014). However, the assumptions of the model are not realistic b ut they assist to work through the impacts of the decision related to capital structure that: The investors have the standardized expectations for the future cash flows Stocks and bonds are traded in the perfect markets Investors have the option to lend and borrow at the same rate No agency costs are involved in the investment The financing and investment decisions are independent of each other (Cummins and Weiss 2016). Based on the hypothesis that there are no agency costs, no taxes, no financial distress, therefore, the investors will perform the valuation with the same rate of cash flows irrespective of how the organizations are financed. The reason behind that is there are no advantages for borrowing at the firm level as there is no deduction for the interest. Firms will be indifferent with regard to the capital sources and the investors can make the usage for the financial leverage, if they wish so (Khan, Ahsan and Malik 2016). The cost of the financial distress is the costs that are related with the firm while facing difficulty in achieving their target. These costs include the opportunity cost for not taking any optimal decisions, not able to negotiate any long-term supply contracts and the fear of customer loss. The cost of financial distress goes up with the increase of dent financing, which in turn, reduce the worth of the firm. Further, the expected distress cost has an impact on the equity and debt. Therefore, it can be stated that there is an optimal level of capital structure at which the firm value is maximized and the capital structure cost is minimized. On the other hand, the agency costs are associated with the segregation of management and the owners. An agency cost includes the residual loss, monitoring cost and bonding cost (Doidge and Dyck 2015). The agency cost will be reduced if the company has better corporate governance. The agency cost increase the equity cost and decrease the worth of the firm. The higher the debt ratio of the firm, the lower the monitoring cost as well as the equity cost. On the contrary, the agency cost associated with debt reduces the bankruptcy cost and the proportion of growth option for the value of the firm and will increase the rate of corporate tax and instability of the cash flows (Wajid and Shah 2017). Conclusion It is concluded from the above discussion that there is a correlation among the capital structure and the investment decision while the equity holders select the policy of growth option and the decisions related to the debt structure are affected by the investment benefits, interest tax shields, agency costs, bankruptcy cost and security insurance cost. The structure for debt preference has great impact on mitigating the conflicts of the shareholders over the investment policies. Further, the agency conflicts regarding the financing and timing for future investment can have estimated regarding the level of optimal leverage to select the optimal investment policy. The firms with higher financial distress and higher risks are tending to choose the high proportion of subordinate debt for their debt structure. Further, the firms that are having less opportunities for growth, they prefer senior debt whereas, the firms with financial constraint without or with the opportunities of growth, prefer the junior debt. Various other outcomes also have impact on the capital structure and the investment policy. Further, as per the theory of Miller and Modigliani, the financial leverage is in the direct proportion with the cost of equity. With the increase of debt element, the equity stakeholders assume higher risk for the organization. Therefore, in turn, the stakeholders expect higher return and therefore the equity cost goes up. This states that, higher the cost or proportion of debt, lower the weighted average cost of capital. This above stated theory of Miller and Modigliani is one of the modern strategies for the theory of capital structure. Reference Cummins, J.D. and Weiss, M.A., 2016. Equity Capital, Internal Capital Markets, and Optimal Capital Structure in the US Property-Casualty Insurance Industry.Annual Review of Financial Economics,8, pp.121-153. Cvijanovi?, D., 2014. Real estate prices and firm capital structure.Review of Financial Studies,27(9), pp.2690-2735. Doidge, C. and Dyck, A., 2015. Taxes and corporate policies: Evidence from a quasi natural experiment.The Journal of Finance,70(1), pp.45-89. Khan, J.S., Ahsan, S.M. and Malik, H.A., 2016. Impact of Ownership Structure on Dividend Policy and Capital Structure: Evidence from Non-Financial Sector of Pakistan. Muathe, S.M.A., Mwangi, L.W. and Kosimbei, G.K., 2014. Relationship between capital structure and performance of non-financial companies listed in the Nairobi Securities Exchange, Kenya. Rampini, A.A. and Viswanathan, S., 2013. Collateral and capital structure.Journal of Financial Economics,109(2), pp.466-492. Saunders, A. and Cornett, M.M., 2014.Financial institutions management. McGraw-Hill Education,. Wajid, H. and Shah, S.A., 2017. The Influence of Corporate Governance and Ownership Structure on Capital Structure of Pakistani Listed Companies.Journal of Contemporary Management Sciences,1(2), pp.31-46.
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