Finance de La Torre - 1488 Words

De la Torre a) Why is corporate finance important to all managers? * It is important for the decisions taken in the company, investment decisions and financing decisions. * Every decision taken in the company has a financial impact. * Investment projects, how much to invest and what assets to invest. * To raise the necessary cash * To increase the shareholders’ stake in the firm. b) Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Sole Proprietorship. Sole owner of a business. The manager and the owner is the same person. The sole proprietorship has unlimited liability. You pay taxes as owner and†¦show more content†¦WACC =XD (rD) (1-Tx) + XS(rS) XD: % de los pasivos del total de deuda de acreedores financieros representados del total de los recursos. rD: Costo de los recursos de los acreedores (tasa de interà ©s). Tx: Tasa de impuestos. XS: Proporcià ³n de los recursos de los accionistas en el total de recursos con costo explà ­cito. rS: Costo de oportunidad de los recursos aportados por el accionista. Tasa de retorno de los accionistas en funcià ³n del riesgo que enfrenta. h) How do free cash flows and weighted average cost of capital interact to determine a firm’s value? Tiene que ver con valuacià ³n. Firm value es el valor presente a precios del mercado. Valor intrà ­nseco: valor presente de los flujos de efectivo. A firm’s fundamental, or intrinsic, value is defined by: Value= FCF11+WACC1+FCF21+WACC2+FCF31+WACC3+†¦+FCF∞1+WACC∞ i) Who are the providers (savers) and users (borrowers) of capital? How is capital transferred between savers and borrowers? Savers: Households are net savers. Persons, families, companies which their income is greater than their expenses. Governments are net savers when they run a surplus. Borrowers: Non-financial corporations are net borrowers. Governments are net borrowers when they run a deficit. Capital is transferred through: a) direct transfer (in example, corporation issues commercial paper to insurance company) b) an investment banking house (in example, seasoned equity offering, orShow MoreRelatedKatipunan3171 Words   |  13 Pagessociety or gather together.[3]  Its official revolutionary name is  Kataas-taasang, Kagalang-galangang Katipunan ngÃŒÆ' mgÃŒÆ'à ¡ Anak ngÃŒÆ' Bayan[1]  (English:  Supreme and Venerable Society of the Children of the Nation,  Spanish:  Suprema y venerable asociacià ³n de los hijos del pueblo). Katipunan is also known by its acronym,  K.K.K..  Being a  secret organization, its members are subjected to utmost secrecy and are expected to abide with the rules established by the society.[3]  Aspirant applicants were given standardRead MoreSelena: La Reina de Tejano1615 Words   |  7 PagesSelena, â€Å"Le Reina de Tejano†, was born on April 16, 1971, in Lake Jackson. 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They may use IEDs to distract or disarm, but in order to destroy it willRead MoreArgentina Crisis Of Argentina s Emerging Economy3468 Words   |  14 Pages†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦.10 Introduction Argentina before its Great Depression in 1998-2002 Prior to becoming a democratic country, Argentina was exposed to a military dictatorship. Under this regime the Economy Minister was Jose Alfredo Martinez de Hoz whose neoliberal economic platform sided along to anti-labor, monetarist policies and financial liberalization. As a result of this regime, Argentina accumulated a $45 billion foreign debt. This lead interest rates to exceed trade surpluses, unemploymentRead MoreThe Birth of Heroes and the Rise of Filipino Nationalism12139 Words   |  49 Pagessurvived nature’s wrath died one after another, victims of the dreaded cholera and Malaria. In the newly established community in Tutuban, Santiago Bonifacio, the local teniente mayor, is deathly worried. His beautiful Spanish mestiza wife Catalina de Castro is seven months pregnant. They survived the quake, but barely had the resources to survive another one. Catalina was worried for her relatives in Zambales, as reports came in that her hometown was also damaged. The Bonifacios lived in a smallRead MorePension Funds Case Study1499 Words   |  6 Pagesinvestors are better able to allocate their investment capital in a wider range of securities, meaning that they would supply funds to a wider spectrum of participants that could be discarded in poor regulatory environments. 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Go’s article, Towards the 21st  Century:  Whither Philippine Labor Migration published in 1998, she said that  Philippines  has become the largest exporter of human capital in  Asia  due to years of economic and political mismanagementRead MoreInstitutional Revolutionary Party (PRI) and Mexico Essay2544 Words   |  11 Pagesenvironmental platform has allied with the PAN before to elect the first non-PRI president in almost seven decades but ever since it has mostly allied with the PRI. Our second major political party is the Party of the Democratic Revolution (Partido de la Revolucià ³n Democrà ¡tica) or PRD, which is a left of, center party. PRD was created as a National Democratic Front, a combined effort from a group of people that divided from the PRI and several forces from the left, in the 1988 elections. The firstRead More Analysis of Argentinean Debt Crisis: IMF and Government Actions1879 Words   |  8 PagesBefore the end of the 90’s, things began to fall apart. The crisis can be traced back to the 80’s, where the country experienced extreme hyperinflation. The currency inflated at over 5000% this was during the presidency of Carlos Menem and, his finance minister, Domingo Cavallo who attempted three ways to limit inflation. The first was a stabilization act with the backing of a large private firm; the second attempt was to buy up certificates of deposit into government bonds (Nataraj Sahoo 2003)Read MoreA Brief Note On The Conservation Of Ruins1842 Words   |  8 Pagesmore flexible and creative approaches. Kent (2003), suggests that the perfect way to ensure the ruins maintenance is to make use of the ruins. This statement is supported by Davies (2011), who claim that there are not many organisations afford to finance a building without a beneficial use; consequently, these organisations have to take a commercial view of their building stocks. On the other hand, according to Australian Heritage Council (2013) this approach onl y be appropriate: ‘when the significance

American Literature An American Literary Time Period

American literature 1865-1914 is an American literary time period that began in 1865 and ended in 1914. This time period was flourished by three distinct features and the first of these features is: The Aftermath of the Civil War. It is estimated that a total of 620,000 Americans were killed in the Civil War, and for what? At the time, we were an America that was divided by one huge issue that ran supreme and it was slavery and the unequal treatment of African Americans. At this time the nation needed to figure a way to unite the North who were against slavery and the South who were for slavery. As Abraham Lincoln says in our Bedford Anthology of American Literature: â€Å"No one man has authority to give up the rebellion for any other man, we simply must begin with, and mould from, disorganized and discordant elements,† (4). He is saying that we must not start a new, but rather we need to start from what we had and mould and shape our country into one. 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In what ways does the writer engage the reader with notions of the masculine and the feminine in this text Essay Example For Students

In what ways does the writer engage the reader with notions of the masculine and the feminine in this text ? Essay This text is centred on three characters: a mother, Mrs Ramsay, a father, Mr Ramsay, and their son, James Ramsay. The author fully uses these characters to represent the masculine and the feminine, notions with which the author engages the reader through the characters’ behaviours as well as their thoughts and feelings about each other. Mrs Ramsay –representing the feminine– is seen as the kind, tolerant and protecting mother: the extract, which is the opening of the very first chapter of the novel, directly starts by a mother agreeing with something her son, James, wants to do. On the contrary, Mr Ramsay, her husband, appears as a sharp and severe father. Indeed, we notice that his first sayings are the opposite of what the mother told their son; he denies what Mrs Ramsay said â€Å"Yes† for. But what is the most striking in this extract are James’ reactions and feelings to both of his parents. Indeed, he feels â€Å"an extraordinary joy†, while he cuts out â€Å"the picture of a refrigerator† which was â€Å"fringed with joy†. He grants a lot of importance and attention to his mother: â€Å"The wheelbarrow, the lawn-mower, the sound of poplar trees, leaves whitening before rain, rooks cawing, brooms knocking, dresses rustling – all these were so coloured and distinguished in his mind†. Whereas concerning his father, James has strong feelings of hatred against him. Indeed, when Mr Ramsay says â€Å"it won’t be fine† –contradicting Mrs Ramsay– James directly feels a murderous rage against him: â€Å"Had there been an axe handy, a poker, or any weapon that would have gashed a hole in his father’s breast and killed him, there and then, James would have seized it†. Considering James is six years old, we notice an odd link between his age and what he can feel for and about his parents and how strong these feelings can be (the author actually points out how Mr Ramsay engenders â€Å"extremes of emotion in his children’s breasts by his mere presence†). The love James feels for his mother and the hatred he has against his father reminds Freud’s Oedipus syndrome; James wants to kill his father to take his place and love his mother just as a husband does. Moreover, Mr Ramsay –representing the masculine– by his own physical presence gives off sharpness and violence (belonging to his personality as well): â€Å"standing, as now, lean as a knife, narrow as the blade of one, grinning sarcastically†. In the following paragraph, the author writes that â€Å"What he said was true. It was always true. He was incapable of untruth; never tempered with a fact; never altered a disagreeable word to suit the pleasure or convenience of any mortal being, one that needs, above all, courage, truth, and the power to endure† to suggest that Mr Ramsay is the one who controls and dominates his family. Nonetheless, Mrs Ramsay doesn’t let her husband contradict her without reacting to it, she actually answers back: â€Å"But it may be fine – I expect it will be fine†. And this slightly brings their couple out of the clichà © of the men’s superiority and the women’s inferiority in a classical no vel’s family –thus characterizing this novel as modernist. To conclude, the masculine and the feminine in this text are respectively represented by Mr and Mrs Ramsay and are especially engaged by their son, James, and his feelings towards them. Mr Ramsay appears to be severe and hard by his appearance but mainly by the fact that James clearly desires to kill him. And Mrs Ramsay seems to be the perfect mother, and above all loved by her child, as James’ feelings express it.

Practical applications of the study

Table of Contents Correlation research Variable from this study Correlation and causation Conclusion References In an employment situation, leaders should understand their employees to develop effective employees’ motivation mechanisms. Fulfillment of psychological contracts between the employer and employee facilitates development and reinforcement of good employee’s relation. To analyze a real practical example, let us take an example of information technology departments consisting of specialist and their support staffs.Advertising We will write a custom essay sample on Practical applications of the study specifically for you for only $16.05 $11/page Learn More The management should ensure that the employees are effectively vetted before engaging them. Their salary package should be attractive enough and have mechanism and systems to be utilized to communicate their issues to the management. The human resources department should blea ch the gap between the employees and the management. The management should look into satisfaction, intrinsic factors, extrinsic factors and benefits to motivate their staffs. More emphasis should be placed on extrinsic factors. Gender mix in an organization affects the performance of a department; the management should have appropriate measures to ensure that there is a health combination of age, gender and expertise. Correlation research A correlation research is a qualitative and quantitative  method of research, where a positive relationship existing between two or more variable from the same population or subject is established. In the study, some variables that influence each other in one way or another, what is important is to understand how these variables affect each other. Relationship between variables is measured from +1 to -1, where +1 are variables with perfect correlation where by a unit change in variable A in direction 1, leads to a unit change in variable A in t he same direction. A correlation of -1 means that the variables are perfectly uncorrelated; a change in variable A in direction 1 leads to a change in variable B in the opposite direction. When the correlation is zero, then there is no correlation between the variables (Eells, 1991). Variable from this study Variables are classified into dependent and independent variables. Dependent variables change when an independent variable changes. In this study, staff motivation is the dependent variable and depends on various variables. The independent variables are both qualitative and qualitative variables. They are job satisfaction, intrinsic, extrinsic, benefits, gender, age, department, tenure and position.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In a work place, motivation of staffs is dependent of extrinsic factors, how well they have been affected by the business. They have a positiv e correlation where improvements in extrinsic variables in an organization lead to an improvement of motivation in an organization. The decision to choose the dependent variable is after analyzing the results in the exercise. Changes in independent variables where giving rise to changes in independent variables (Galavotti, 2005). Correlation and causation In a research study, where certain variables affect the results of other variables, then the variables at hand are correlated, whether negatively or positively. The approach taken by correlation is similar with the underlying philosophy of causation, which aims to establish a cause effect relationship between different variables. The similarity of the two research variables is that they aim at establish the existing positive relationship of variables in a research. Their difference is on the approach they utilize, in correlation, variables are affected by a common phenomenon and they affect each other. In causation, a variable A c auses the existence of variable B (Billingsley, 1995). Conclusion Undertaking a research assists a company establish relationship between various variables in the work place: when the relationship is established, it facilitates making of strategic decisions. References Billingsley, P. (1995).  Probability and Measure. New York: Wiley. Eells, E.(1991).  Probabilistic Causality, Cambridge: Cambridge University Press.Advertising We will write a custom essay sample on Practical applications of the study specifically for you for only $16.05 $11/page Learn More Galavotti, M. (2005).  Philosophical Introduction to Probability, Stanford: CSLI Publications This essay on Practical applications of the study was written and submitted by user Hanna U. 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.