Financial Analysis - 2143 Words

Task: 3 A. Prepare a summary report in which you do the following: A1. Recommend a capital structure approach that maximizes shareholder return. Capital Structure: â€Å"Capital structure is the manner in which a firm’s assets are financed; that is, the right-hand side of the balance sheet. Capital structure is normally expressed as the percentage of each type of capital used by the firm debt, preferred stock, and common equity.† (Capital Structure Decision, 2002) Capital structure is a mix of debt, preferred stock, and common stock to which Competitive Bikes will plan to finance its company. The recommendation for Competition Bikes pertaining to their capital structure is the alternative of 50% Preferred and 50% Common Stock. With†¦show more content†¦It is compounded annual rate of return that the company will earn if it invests in the project and receives the given cash inflows.† (Gitman, 2008) Criteria for IRR: Ø If the IRR is greater than cost of capital, accept the project Ø If the IRR is less than cost of capital, reject the project Scenario one (low demand): 1. Total investment in the capital structure is $600,000 2. Depreciation based on 10 year life Building is expected to have $250,000 value at the end of ten years 3. Sales projections: Year 9 – 500 CarbonLite models Year 10 Year 11 – 1% growth year over year Year 12 and Year 13 – 2% growth year over year Cost of goods sold will increase proportionately 4. Selling and administrative anticipated expenses for Canadian operations: Year 9 : $250,000 Year 10 : $240,000 Year 11 : $230,000 Year 12 : $220,000 Year 15 : $210,000 Stabilization after year 5. 5. Competition Bikes requires a 10% hurdle rate to purse a capital investment. Based on NPV: I recommend declining this project of low demand with the NPV as a negative and according to the recommended criteria. My concern with scenario one is the NPV (net present value) after five year has a negative amount of - $39,281. With the slow growth of 1% in year 10 and year 11 and then increased by only 2% growth the last two years, has proven that these sales are not aggressive enough to helpShow MoreRelatedFinancial Statement Analysis : Financial Analysis1558 Words   |  7 Pagesyou hear the phase financial statement analysis, one wonders what is stands for. financial statement analysis is one of the most important part of any company to be successful. The reason companies rely on financial statements is for the company to come profitable even if the company is small or large. When companies use financial statement, it helps them to see if they are being profitable, by being used in different areas and reviewed by different departments. Chief Financial Officer an d other executivesRead MoreFinancial Statement Analysis : Financial Analysis759 Words   |  4 PagesWoolworth Financial Analysis Financial statement analysis assists a business entity, business shareholders and other people interested, to analyze the figures in financial statements to present them with superior information about such most important factors for decision making and ultimate business survival. As exemplified by Gibson (2001), income statement, balance sheet, and cash flow statements project the financial performance a company at the present and probably the future. According to theRead MoreFinancial Analysis1076 Words   |  5 PagesCango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. 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Essay about President Abraham Lincoln - 1151 Words

Although Abraham Lincoln was President over a century and a half ago (1861-1865), he is still considered to be one of our greatest Presidents, and his legacy remains important for the nation today. By the late 1800s, sectional tensions in America had led to a split between the Northern and Southern states. During the Antebellum period, the North became more industrialized as the South increased its agricultural production. The two sections developed differing economies and ideas and by April 14, 1861, at Fort Sumter, the tensions came to a head as the American Civil War began. Skillfully guiding the nation through this time of hardship and considered one of the greatest presidents in American history, Abraham Lincoln left a†¦show more content†¦His unyielding position on the preservation of the Union can be seen today as the nation is now known as the United States of America and includes the Southern regions that attempted to secede in the 1860s. Preserving the Union, however, was only one of the accomplishments of Lincoln that still has an impact today. In the 1820s, with the rise of expansion and agriculture in the South, slavery increased in America. During the Antebellum period, slavery continued to be a controversial issue dividing the North and the South and driving the diverging developments of the nation. With additional expansion in the 1840s, the question of expansion of slavery again raised sectional tensions and Northern radicals called for abolition while Southern radicals, or fireeaters, called for secession from the Union. Lincoln’s original position on allowing slavery changed over the course of his presidency, and by the 1860s, Lincoln aligned himself with the abolitionists, calling for the immediate abolition of slavery. After the Battle of Antietam, on September 22, 1862, Lincoln announced his decision to abolish slavery in the states that claimed secession, and on January 1, 1863, Lincoln formally signed the Emancipation Proclamation. With this law, all slaves in the Confederacy were freed, and later those in the Border States and Union states were also freed with theShow MoreRelatedAbraham Lincoln : An Influential President1572 Words   |  7 PagesAbraham Lincoln: An Influential President When you hear the name Abraham Lincoln, what is the first thing that comes to your mind? Do you think of a tall, slender man with an enormous top hat? Do you think of his devotion to the abolition of slavery? Abraham Lincoln contributed to more than one can imagine. He was the president of the United States during a time of colossal distress, the Civil War, and he paved the way for a great number of changes. 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While Lincoln was in office his main priorities was to see this nation flourish and he did everythingRead MoreThe Legacy Of President Abraham Lincoln998 Words   |  4 PagesPresident Abraham Lincoln was the leader of the United States for five years, yet he is often only remembered for leading the Union to victory in the Civil War and freeing the slaves in the process. These accomplishments go together and it is easy to assume part of, if not the entire reason for war was to end slavery. He is credited with freeing the slaves because of his emancipation proclamation. This eventually brings and end to the institution, but should we really credit this all to Lincoln?Read MoreElectronic Communication by President Abraham Lincoln1259 Words   |  5 PagesWhat became of our forces which held the bridge till twenty minutes ago†¦? The President of the United States telegraphed a colonel in the field during the Civil War Battle of Second Manassas (Bull Run) in 1862. 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Global Warming Economic

Question: Demonstrate an understanding of the international economic, environmental, legal and social-political issues surrounding environmental management andsustainability development when it comes to climate change and global warming. Answer: Climate change and global warming: Change in climatic conditions is a long term process, which occurs due to both natural causes, like continental drift, volcanoes, the earths tilt, ocean currents and also artificial causes i.e man-made causes, like deforestation, dam-building, emission of greenhouse gases (Le Page, 2011) like carbon dioxide, methane, carbon monoxide, CFCs, and as a result global warming, melting of ice caps takes place. Thus, according to Le Page (2011), global warming may be defined as increase in the earths average temperature in its atmosphere that brings corresponding changes in the climate, which may be the effect of the greenhouse gases. Therefore, it can be stated that climate change and global warming are interrelated (Paul, 2012). Research process: Various details about the Environmental Management for Sustainable Development have been gathered from the environmental laws, rules, legal statements, journals and some books. The research process includes a few issues affecting the climate change and global warming. They are as follows: 1.International Economy The agricultural sector of the world depends on weather or climate (Paul, 2012). So global warming or climate change may affect heavily this farming sector, which is a part of business economy. Similarly, more industrialization means more waste products, more smoke emitting from the chimneys would also cause harm to the environment. So, both environment and international economy are interrelated to each other. 2.Environmental Factors Deforestation,over-grazing, over-irrigation are harming climate change as cutting trees leads to landslides as the roots of the trees can naturally prevent soil erosion, landslides. Green trees can only absorb the greenhouse gases, so these green lives can only save the living world including human beings from the global warming. 3.Legal Factors There are various laws and regulations consulted by the government for betterment of the environment that is in otherwords for human beings. Some of them are Environmental Law, Air Pollution Laws which is Part IV of the Environment Act 1995, Climate Change Act 2008, Natural Environment and Rural Communities Act 2006, Clean Neighborhoods and Environmental Act 2005, Wildlife and Countryside (Amendment) Act 1991 and many more (Kerr, 2012). To be abiding by all these legal laws and rules may seemed to be tougher for public or business units, but these are for betterment of the environment and themselves. 4.Socio-political Factors Socio-political factors indirectly affect the global climate change. The government of the State should increase more awareness regarding the environment among the common people, then the concerned people would follow the rules and regulations and can save their environment. The benefits and challenges experienced: This research strategy played an important role as it provided the scope for gaining more knowledge regarding the environment, the causes and the effects of the global climate change, even the solutions to get rid of the global warming. But to gather these knowledge, a few hurdles had to overcome, like all the legal matters, laws, regulations are confidential matter, which was an obstacle. On the other hand, a public survey was done which was a bit difficult but interesting. Alternative means to ensure sustainable development: Controlling energy demand, more use of renewable energy sources like wind power energy, solar power energy, hydral power energy, again use of biodegradable waste products, more trees plantation are some of the alternative means to ensure sustainable development of the ecosystems and various living beings as a result of climatic change and global warming. References: Kerr, R. (2012). Experts Agree Global Warming Is Melting the World Rapidly.Science, 338(6111), pp.1138-1138. Le Page, M. (2011). Climate known: Greenhouse gases are warming the planet.New Scientist, 212(2835), p.37. Paul, B. (2012). Global Warming and Climate Change: An Observation.J Geogr Nat Disast, 02(03).

Similarities in The Sermon on the Mount and The Divine Comedy Dantes references to Christs Teachings

Overview of the Two Works Admittedly, teachings of Christ are the most important conventions for the Christian world. One of his most famous sermons is The Sermon on the Mount. This sermon is provided in Mathew’s Bible. In this sermon, Jesus Christ teaches people to act rightfully. He also refers to the conventions mentioned in Hebrew Bible. Notably, Christ claims that some conventions cannot be rightful.Advertising We will write a custom research paper sample on Similarities in The Sermon on the Mount and The Divine Comedy: Dante’s references to Christ’s Teachings specifically for you for only $16.05 $11/page Learn More For example, Jesus Christ notes that people should be patient and forgiving. â€Å"Love your enemies,† he says (â€Å"The Sermon on the Mount† 1086). Of course, some conventions remain the same. Thus, Christ claims that people should not try to accumulate wealth (treasures) in their earthly lives as the y should think of treasures of heaven. Jesus claims that all earthly treasures will be destroyed by time (â€Å"The Sermon on the Mount† 1088). Of course, Jesus states that people cannot serve â€Å"two masters†: God and â€Å"mammon† (â€Å"The Sermon on the Mount† 1088). This is one of the most important conventions to be remembered. Unfortunately, people have broken this rule for centuries. For example, Dante mentioned this in The Divine Comedy. Admittedly, Dante has been one of the central figures in world literature. He was a genius who managed to address vices and virtues of the society of the fourteenth century (James 1463). Therefore, he could not but address one of the most common vices. Dante wrote about people who tried to obtain as much gold as possible during their earthly lives. Dante encountered such people in hell and in purgatory. Those people were vicious clergymen, misers, wasters, usurers, grafters, etc. All those sinners had to pay fo r their earthly life. They had to pay because they forgot that the only treasure could be found in heaven. Interestingly, Dante gave some sinners a chance to purge. Dante described â€Å"Purgatorio† which was full of sinners who could reach the gates of St. Peter (Dante 1576). It is also important to mention that Dante depicted â€Å"Paradiso† and it was clear what the real treasure was (Dante 1594). Therefore, it is possible to trace several similarities between Dante’s most renowned work and The Sermon on the Mount. However, it is important to focus on a particular point. Christ teaches that people cannot strive for wealth but they should think more of heavenly treasures, the treasures of their souls. Dante considers this statement in his specific allegorical way. Punishment for Sinners Misers It goes without saying that Dante referred to Biblical books when writing his work. Of course, he took into account The Sermon on the Mount where the most famous teachin gs were provided. Dante paid special attention to Christ’s teachings concerning gold. Dante placed shades of misers in his hell. He allegorically illustrated Christ’s teaching. Thus, shades of those wretched souls had to roll weights with their chests (Dante 1473). Dante created an illustrative allegory.Advertising Looking for research paper on literature languages? Let's see if we can help you! Get your first paper with 15% OFF Learn More He depicted souls of misers who tried to obtain as much gold as possible during their lifetime. The weight of their earthly treasures could not let them go to heaven. Admittedly, it is simply impossible to reach the sky with such a heavy burden. Therefore, they were punished for their sins. Dante decided to make the sinners ‘feel’ their mistake. The misers had to feel the burden of their earthly treasures. More so, the souls had to compete. There was a race. Dante depicted the race which was similar to the earthly one. People would always try to have more treasures than other people do. The competition never ended for sinners. At least in Dante’s hell, the sinners had to compete wearing their heavy burdens. Interestingly, Dante stressed that clergymen often sinned just like any other people. Irrespective of their ‘service’ to God, they were still punished in accordance with the great rules. Usurers Dante depicted one more group of sinners. Those people were preoccupied with gold more than with their souls’ treasures. Those were usurers. The punishment was quite harsh. The hell flames and â€Å"burning sands† caused a lot of sufferings to those shades who were sitting near â€Å"empty space† (Dante 1482). Again, the punishment was very symbolic. The usurers lent money and took money from different people. They caused a lot of sorrows for many people during their lifetime. What is more, they ruined their own souls. The usurers ignored one of Chr ist’s teachings concerning gold. Despite the fact that Christ taught that people could not serve mammon, the usurers served that ‘deity’. The usurer forgot about treasures of their souls and they had to pay for that in hell. It is quite interesting to note that Dante provided a name of a noble man who also lent money. Again, Dante stressed that all people (peasants or noblemen (or even clergymen)), would be punished for their sins after their death. Simoniacs One of the most interesting categories depicted by Dante can be also a good illustration of Christ’s teachings. Dante introduced such group of people as Simoniacs, i.e. people who tried to â€Å"adulterate† holy things into â€Å"gold and silver† (Dante 1484). These people also forgot The Sermon on the Mount as they tried to serve two masters. They tried to buy holy things. They thought that they could buy their ‘ticket’ to heaven. Those people wanted to pass St. Peterâ€⠄¢s gates as if they were saints and holy people. Of course, Dante made up a symbolic punishment for them as well. Thus, the great author depicted their sufferings in detail. Those wretched souls had to remain motionless while their feet were burning. Dante decided to make their feet burn to show that no sinner could tread in heaven.Advertising We will write a custom research paper sample on Similarities in The Sermon on the Mount and The Divine Comedy: Dante’s references to Christ’s Teachings specifically for you for only $16.05 $11/page Learn More Grafters Finally, Dante depicted one more group of sinners who praised gold more than their souls’ treasures. Grafters who would â€Å"change no to yes for cash† were also punished in hell (Dante 1486). Those people had very sinful lives. They did not care about their life after death. They wanted to get as much gold as possible. It goes without saying that those people could neve r pass St. Peter’s gate. They had to dive in sticky waters of flames in hell. They wanted to be surrounded by treasures during their earthly lives, but instead they were surrounded by flames of hell. They did not follow Christ’s rules of rightful behavior. They were preoccupied with earthly treasures. That is why Dante placed them in his hell. Purgatorio and Paradiso Interestingly, Dante described a place where sinners could purge (Dante 1501). They could atone for their sins. Dante described all the major sins mentioned in Inferno. Notably, the author did not simply provided examples of sins. He considered the nature of the sin. He also mentioned some motives. Admittedly, this part is also quite illustrative. It also refers to The Sermon on the Mount. Dante did not only reveal the punishment for sinners. He also claimed that people could still rethink their behavior. It was never late to start thinking of treasures of heaven. More so, Christ said that people could be forgiven (even if they sinned). Therefore, even those who only thought of earthly wealth could atone for their sinful actions. Of course, it was important to start a new better life. Dante gave people hope to save their souls. Finally, Dante also portrayed paradise. He revealed the beauty of paradise and real treasures of heavenly life (Dante 1535). This part of The Divine Comedy should be regarded as an allegorical illustration of The Sermon on the Mount. Christ was talking about treasures of heaven. Dante depicted the life of righteous people. Admittedly, peaceful life of joy is the greatest treasure. Dante mentioned people who led rightful lives. Their rightful lives continued in heaven. Admittedly, the description of paradise could be regarded as a great stimulus to act in a rightful way. Dante showed what the real treasure was. Dante’s illustrations Therefore, it is possible to find several allegorical illustrations for The Sermon on the Mount in The Divine Comedy. Of co urse, it was hardly Dante’s aim to illustrate the sermon. Nonetheless, he managed to create really exact examples of what Christ was talking in his teachings.Advertising Looking for research paper on literature languages? Let's see if we can help you! Get your first paper with 15% OFF Learn More Dante paid a lot of attention to people’s greediness, their chase for earthly treasures. It is possible to state that this is one of the central themes in Dante’s work. He stressed that people had to act rightfully; otherwise they would be punished after their death. Therefore, Dante portrayed sufferings of sinful people, people who cherished gold. It is worse mentioning that the author depicted fair punishment. He ‘punished’ people to make them understand their guilt. Thus, those who took and lent money had to expose their hands to flames. Those who spent their lives in chase for earthly treasures had to race with other sinners carrying their burdens. The guilt of each person was obvious. Each sinner could remember about his sins when suffering in hell. The sinners could never forget what they did wrong as their punishment was the best reminder. Notably, the majority of the sinners depicted admitted that their earthly treasures were not worth all those su fferings they had to endure. The major similarities To sum up, it is possible to claim that The Sermon on the Mount and The Divine Comedy has quite many similarities as Dante used Christ’s teachings in his work. It is also possible to note that Dante pays special attention to people’s chase for gold and earthly welfare. Christ also mentions that people should think of treasures of heavenly life. He claims that people cannot serve two masters (God and gold). Dante places such sinners into several circles of his hell. He also puts them in his purgatory. Of course, Dante also describes other sinners and their sins. However, the shades that are punished for their love for gold and other earthly treasures are really numerous. Therefore, it is possible to conclude that Dante’s work suggests that thinking of earthly life rather than preparing for heavenly life is one of the deadliest sins. This idea can be also traced in The Sermon on the Mount. Works Cited James, Heat her, et al. â€Å"Dante Alighieri.† The Norton Anthology- Western Literature. Volume 1. Ed. Heather James, et al. New York, NY: W. W. Norton Company, 2005. 1456-1465. Print. Dante, Alighieri. â€Å"Inferno†. Trans. Mark Musa. The Norton Anthology- Western Literature. Volume 1. Ed. Heather James, et al. New York, NY: W. W. Norton Company, 2005. 1465-1576. Print. —. â€Å"From Purgatorio†. Trans. Mark Musa. The Norton Anthology- Western Literature. Volume 1. Ed. Heather James, et al. New York, NY: W. W. Norton Company, 2005. 1576-1594. Print. —. â€Å"From Paradiso†. Trans. Mark Musa. The Norton Anthology- Western Literature. Volume 1. Ed. Heather James, et al. New York, NY: W. W. Norton Company, 2005. 1594-1598. Print. â€Å"The Sermon on the Mount†. Trans. Richard Lattimore. The Norton Anthology- Western Literature. Volume 1. Ed. Heather James, et al. New York, NY: W. W. Norton Company, 2005. 1085-1089. Print. This research paper on Similarities in The Sermon on the Mount and The Divine Comedy: Dante’s references to Christ’s Teachings was written and submitted by user Izayah Oneal to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.