Wednesday, March 11, 2020
Direct Speech Definition and Examples
Direct Speech Definition and Examples Direct speech is a report of the exact words used by a speaker or writer. Contrast with indirect speech. Also called direct discourse. Direct speech is usually placed inside quotation marks and accompanied by a reporting verb, signal phrase, or quotative frame. Examples and Observations A South Carolina parrot was the sole witness to the death by neglect of a 98-year-old woman. Help me, Help me, said the parrot. Ha ha ha!(reported in Harpers Magazine, February 2011)I went in search of the good beer. Along the way, I caught an intriguing snippet of conversation in the sunroom:ââ¬Å"So if I win at that table, Iââ¬â¢ll go on to the World Series,â⬠said the mom I know as some kind of government contractor.ââ¬Å"World Series?â⬠you ask.ââ¬Å"Of Poker,â⬠she replied. ââ¬Å"I went last year.â⬠Whoa.(Petula Dvorak, White House Correspondentsââ¬â¢ Association Dinner Has Nothing on Suburban Fete. The Washington Post, May 3, 2012)How old are you? the man asked.The little boy, at the eternal question, looked at the man suspiciously for a minute and then said, Twenty-six. Eight hunnerd and forty eighty.His mother lifted her head from the book. Four, she said, smiling fondly at the little boy.Is that so? the man said politely to the little boy. Twenty -six. He nodded his head at the mother across the aisle. Is that your mother?The little boy leaned forward to look and then said, Yes, thats her.Whats your name? the man asked.The little boy looked suspicious again. Mr. Jesus, he said.(Shirley Jackson, The Witch. The Lottery and Other Stories. Farrar, Straus and Giroux, 1949) Direct Speech and Indirect Speech While direct speech purports to give a verbatim rendition of the words that were spoken, indirect speech is more variable in claiming to represent a faithful report of the content or content and form of the words that were spoken. It is important to note, however, that the question of whether and how faithful a given speech report actually is, is of a quite different order. Both direct and indirect speech are stylistic devices for conveying messages. The former is used as if the words being used were those of another, which are therefore pivoted to a deictic center different from the speech situation of the report. Indirect speech, in contrast, has its deictic center in the report situation and is variable with respect to the extent that faithfulness to the linguistic form of what was said is being claimed. (Florian Coulmas, Reported Speech: Some General Issues. Direct and Indirect Speech, ed. by F. Coulmas. Walter de Gruyter, 1986) Direct Speech as Drama When a speaking event is reported via direct speech forms, it is possible to include many features that dramatize the way in which an utterance was produced. The quotative frame can also include verbs which indicate the speakers manner of expression (e.g. cry, exclaim, gasp), voice quality (e.g. mutter, scream, whisper), and type of emotion (e.g. giggle, laugh, sob). It can also include adverbs (e.g. angrily, brightly, cautiously, hoarsely, quickly, slowly) and descriptions of the reported speakers style and tone of voice, as illustrated in [5]. [5a] I have some good news, she whispered in a mischievous way.[5b] What is it? he snapped immediately.[5c] Cant you guess? she giggled.[5d] Oh, no! Dont tell me youre pregnant he wailed, with a whining nasal sound in his voice. The literary style of the examples in [5] is associated with an older tradition. In contemporary novels, there is often no indication, other than separate lines, of which character is speaking, as the direct speech forms are presented like a dramatic script, one after the other. (George Yule, Explaining English Grammar. Oxford University Press, 1998) Like: Signaling Direct Speech in Conversation An interesting new way of signaling direct speech has recently developed among younger English speakers and is spreading from the United States to Britain. This occurs entirely in spoken conversation, rather than in writing, . . . but here are some examples anyway. (It may help to imagine an American teenager speaking these examples.) - . . . Though the construction is new [in 1994] and not yet standard, its meaning is very clear. It seems to be used more often to report thoughts rather than actual speech. (James R. Hurford, Grammar: A Students Guide. Cambridge University Press, 1994) Differences in Reported Speech Even in the days of audio and video recording, there can be surprising differences in direct quotations attributed to the same source. A simple comparison of the same speech event covered in different newspapers can illustrate the problem. When his country was not invited to a meeting of the Commonwealth of Nations in 2003, the president of Zimbabwe, Robert Mugabe, said the following in a televised speech, according to The New York Times: If our sovereignty is what we have to lose to be re-admitted into the Commonwealth, Mr. Mugabe was quoted as saying on Friday, we will say goodbye to the Commonwealth. And perhaps the time has now come to say so. (Wines 2003) And the following according to an Associated Press story in the Philadelphia Inquirer. If our sovereignty is to be real, then we will say goodbye to the Commonwealth, [sic; second quotation mark missing] Mugabe said in remarks broadcast on state television. Perhaps the time has come to say so. (Shaw 2003) Did Mugabe produce both versions of these comments? If he gave only one, which published version is accurate? Do the versions have different sources? Are the differences in the exact wording significant or not?(Jeanne Fahnestock, Rhetorical Style: The Uses of Language in Persuasion. Oxford University Press, 2011)
Sunday, February 23, 2020
Strategic Plan Essay Example | Topics and Well Written Essays - 2000 words
Strategic Plan - Essay Example This paper analyzes the presents an internal and external analyses of the Southco, Incorporated. This paper suggests that the company employs a differentiation strategy in achieving the company's objective of increasing market share and revenue. Our mission is to create continuous growth opportunities through strong customer connectivity and engineering excellence. We will seize these opportunities through seamless teamwork and by leveraging our operational excellence and supply chain management. Together, we will drive leadership, growth and extraordinary value for our customers, associates and shareholders. The success of a company is not only subject to its internal operation but is often to a large degree dependent to its environment. In fact, the mere survival of a company hinges on its ability to take advantage of the opportunities and surpass the threats posed by its external environment. Southco, Inc. belongs to the engineered access hardware industry. Like any other segment, this industry is primarily influenced by its remote environment like social, political, technological, ecological, and economic factors. The operation of Southco, Inc. ... It can be seen that innovations in one sector can largely affect another. For Southco, technological breakthroughs can amazingly influence the industry it operates in it by altering the way it does business. One example of this is the technological revolution brought about by the internet. In the case of Southco, this advancement has made its operation more efficient by offering a new way to market its product to its customers. Instead of just manufacturing its products, the company was able to streamline its value chain by cutting the distribution channels between it and the customers. The internet also removed geographical boundaries and helped the company reach out to a larger market. The internet technology facilitated the Southco's inbound logistics as it eased collaboration with present and prospective suppliers. Economic factors also have a great bearing on the operation of the engineered access hardware industry. As the company operates as an international player, it is exposed to various risk not faced by companies serving the domestic market only. The global economy has become more integrated as it is becoming a global village. However, each country does not perform the same way as the other. This explains the fluctuations of the value of currency in different economies. Southco is exposed to this risk as the value of its revenue in one country is always influenced by the value of the country's currency relative to the US dollars. Exchange rate fluctuation can be both harmful and beneficial in determining the performance of Southco's regional department. Industry Analysis The analysis of an industry and the significant forces in it can be best illustrated by employing Porter's Five Factor Model. Entry Barriers: HIGH Entry to the engineer access
Friday, February 7, 2020
Triple bottom line (TBL) Essay Example | Topics and Well Written Essays - 1500 words
Triple bottom line (TBL) - Essay Example The paper seeks to evaluate operational benefits hunted and realized from the evidence of the business discussed with regard to TBL. Additionally, the paper also seeks to answer whether there are activities that can be carried out to incorporate TBL. The research seeks to answer the following questions; the origin of the organization, its economic, social and environmental involvement in the business. in addition, its involvement in CSR. The research was done on Bristol organization which is a charitable organization. The work contains the profile of Bristol organization, investigation methods used, findings, literature review, the activities of the organization, importance of CSR and conclusion. Organization profile Bristol organization is a charitable organization established in the year 2000. ... For part two I used questionnaire. I got the information from the manager of Bristol. I chose questionnaire because it is an easy method of data collection. In addition, I get to gather information first hand from the manager of the organization. The method is also interactive making the interviewee feel at ease while answering the questions. I used the findings from part 1 and part 3 to complete part 3. Discussion findings From the primary research from Bristol, we learn that, the organization has maximized on the triple bottom line concepts, even though the organization does not use triple bottom line as a framework for its business reporting. Economy wise the organization has ensured enough people are employed even though they are not that educated. Therefore, by providing employment opportunities the organization gas assisted in reduction of unemployment in society. Additionally, the organization is involved in charitable activities that assist in helping the needy therefore, con tributing positively to the society. Through, sustainability initiative the organization has been able to maximize on profit. Thus, the organization has been able to improve in its service delivery. Through the green capital award, more organizations will be encouraged to embrace triple bottom line concepts in order to ensure they stay in line with organizations that are already in practice. Bristol CSR activities The operational activities practiced by Bristol include; voluntariness, this involves the company behavior to ensure all selected actions and behaviors are based on ethics, values and according to the existing laws. The company benefits from these operational activities in that it will gain respect from the community therefore maximizing on sales. Additionally, by
Wednesday, January 29, 2020
Central and Eastern Europe Environmental Issues Essay Example for Free
Central and Eastern Europe Environmental Issues Essay Eastern Europeââ¬â¢s environmental problems are not as simple as they may seem on the surface. The environmental problems that face Eastern Europe are complicated by political, economic, and social implications. The current environmental problems are a bi-product of rapid industrial expansion under a socialist government. The soviet government was more concerned with surpassing the western cultures in technology and military might than the environmental damage they were doing to their country. The following paragraphs will address the current environmental problems facing Eastern Europe, the various solutions to the environmental problems, and the efforts taken to correct the environmental problems. Environmental Problems in Europe Eastern Europe during the 1980s had rapidly become the industrial giant for the Soviet Union. Massive industrial factories would be built throughout the eastern bloc of the Soviet Union and the factories used obsolete technology to provide the industrial needs of the country. The heavy industrial activity characteristic of the post-World War II period took a heavy toll on both the regions population and its environmentââ¬Å"(U. S. Environmental Protection Agency, 2010). Various local populations were suffering from high rates of cancer, respiratory issues, and infant mortalities. The environments in the areas around the industrial regions were also being damaged on unprecedented levels. Legacy of Pollution According to the U. S.à Environmental Protection Agency (2010), The outmoded, energy-intensive technologies were such an integral part of Central and Eastern Europe (CEE) and New Independent States of the former Soviet Union (NIS) regions economy in the post-war era not only wasted resources, but also caused severe local, regional, and trans-boundary pollution problems. Not only was the industrial technology outdated, the communication among the post-war government, local governments, and various environmental ministries was ripe with secrecy and non-communication between each other. The results would prove to be catastrophic pollution of the air, surface water, soil, ground water, marine zones, and coastal areas. Air Pollution Air pollution in Eastern Europe is the top concern because of the levels of sulfur dioxide found in all the industrial areas. High levels of sulfur dioxide exposure can lead to asthmatic children and adults, respiratory illness, decreased lung defenses, and worsening of existing cardiovascular diseases. When Sulfur Dioxide is exposed to rain it creates acid rain and raises the acidity level of everything it touches such as soil, lakes, and streams. Buildings corrode faster and there is also a reduction in visibility. Water Pollution Agricultural and industrial practices were causing large spread water pollution because of outdated waste regulation practices and no environmental regulation. According to Liroff (1990), Drinking-water supplies throughout Eastern Europe are heavily contaminated. Vast reaches of the Vistula River in Poland, which drains much of the country, are classified as unfit for use even by industry. The Baltic and Black Sea coasts are badly degraded by domestic sewage, agricultural run-off, and heavy metals and organic pollutants from industry. The Eastern Europe governments have been slow to implement solutions to purify the drinking water in the various regions. Soil Pollution Samples of produce from upper Poland have yielded 30 to 70 higher percentages of cadmium, lead, zinc and mercury then acceptable levels listed by the World Health Organization. The high percentages of these heavy materials indicate how polluted the soil is in the upper polish regions. In Hungary alone, waste generators dispose of more than 500,000 tons waste found in illegal landfills. The local government has trouble tracking any kind of waste transportation and disposal due to obsolete tracking processes, and because not all waste is indicated as waste before being disposed of. Eastern Europe is wreaked with not only environmental problems, but also with government, and local government problems also. The good news is that there are viable solutions to the environmental problems that the Eastern Europe countries are having. Viable Environmental Solutions The environmental problems that face Central and Eastern Europe are much the same as any other country in the world with one exception, the proximity of the environmental hazards. Most countries in the world deal with environmental hazards, but the hazards are spread out over different parts of the country. Central and Eastern Europe are unique when it comes to environmental disasters because Central and Eastern Europe was the industrial might behind the soviet military. For every environmental disaster Central and Eastern Europe faces, there is a viable solution thanks to modern technology and proven environmental regulations. Possible environmental solutions Because of the vast environmental disasters throughout Central and Eastern Europe there are several possible environmental solutions. The possible environmental solutions that Central and Eastern Europe are considering will be decided by the cost of the solution, ease of implementation, and consultation from environmental agencies such as the United States Environmental Agency. Even with the various economic, governmental agency communication problems, and various ecological disasters Central and Eastern Europe have a number of viable solutions. Air Pollution Solutions One of the possible remedies for air quality in Europe would be to switch to burning low sulfur coal. When coal is burned, carbon dioxide, sulfur dioxide, nitrogen oxides, and mercury compounds are released. For that reason, coal-fired boilers are required to have control devices to reduce the amount of emissions that are released. The amount of sulfur oxides produced by power can be reduced by using coal with low amounts of sulfur present. Another possible air solution would be to use scrubbers. Scrubbers are an air pollution control system that removes pollutants from the air stream they are most commonly used to help control the emissions of sulfur into our air. There are a few types of scrubber, Air scrubbers, wet scrubbers, and gas scrubbers are differentiated by the manner in which they remove gases and particulates from the air; either wet or dry. Wet scrubbers literally wash dust and particles out of the air. Exhaust air is forced into a spray chamber, where fine water particles cause the dust to drop from the air stream. The dust-laden water is then treated to remove the solid material and is often re-circulated. Dry scrubbers are used more commonly with acid gases. The pollutant is collected on or in a solid or liquid material, which is injected into the gas stream. A dry scrubber produces a dry product that must be collected downstream from this control device. Water Pollution Solutions One of the many possible water pollution solutions would be aeration. Aerating is the process to bring river water at the bottom of rivers up to the surface so that the entire river is oxygenated by the atmosphere surface to bottom. They can do this by pumping air into bodies of water at the very bottom. On the other hand Central and Eastern Europe could use more wastewater treatment plants these types of plants would drastically help the water quality in Central and Eastern Europe by removing harmful bacteriaââ¬â¢s, animal wastes and pollutants and then recycling the clean water back into their system.. Soil Pollution Solutions There are many different types of soil pollution that hurt the environment and by treating Sewage before dumping wastes would cut back on many of the current environmental issues. Spraying pesticides may be good for the crops but itââ¬â¢s destroying the soil and the drain off into the water system is affected by this as well. Cutting down on the usage of fossil fuels would create less solid waste and harmful gasses that may seep into the soil. Eastern Europe needs to adapt to more of these possible solutions. Using low sulfur coals, Scrubbers and limestone in the remedies of air pollution would set a chain reaction in the environment the water would then become cleaner along with the soil. These remedies may not fix the issue completely for Eastern Europe, but it would help them greatly. Efforts to correctà Central and Eastern Europe have been left untouched since the end of the Nazi/German rule and the fall of the Great Berlin Wall on November 9th, 1989. Many of the people living in such a terrible environment still struggle every day to survive, but it is not a war against other countries it has turned into an environmental war and one that is near impossible for them to win without help. As with most all larger countries around the world Eastern and Central Europe are suffering from the same types of environmental issues but, in their case they do not have the means that we do in order to make the necessary changes that they need. Practical and low cost solutions need to be the wave of the future and used as often as possible. The problems need to be prioritized based on the highest health risk and the surrounding public will be educated and involved in itsââ¬â¢ own environmental decision making. AIR- Airborne pollution is said to be one of the greatest environmental risks identified in the region. There is a large amount of sulfur dioxide found in the air, it comes from several different places but are byproducts of several different types of older industrial facilities like the old coal burning power plants that used to be found there (EPA). The United states are one of the few countries in which it is a law for vehicle owners to participate in an annual emissions test. The Czech government however has accelerated itsââ¬â¢ efforts in cleaning the air pollution through it $240 million project that will assist its residents in converting homes from coal to natural gas in hopes to subsidize conversion costs (EPA). Along with this local agencies in many areas lack the equipment needed to assess and identify local problems so the Krakow Air Monitoring project. This project is under the supervision of the EPA and the Polish environmental experts are working together to identify and measure the major sources of industrial, residential and vehicle emissions testing (EPA). Along with such a huge problem facing the countries the EPA has also transferred some very low-cost techniques to help them out. Water pollution- Along with clean air there is the Krakow Water and Wastewater Improvement project, the idea here is to provide safe drinking water to city residents. Most people are drinking from contaminated drinking sources, especially those outside of the city limits. The idea here is not only to decontaminate the water before it is consumed, but to attack the problem at the source and to educate the people of the possible affects that waste dumping in unsecure facilities can have on them and their families. The Krakow project as a result installed modern ozonation and chlorination equipment that in turn disinfected the drinking water of 400,000 residents in the area. It also focused on the improvement the forming of the Raba River Watershed Association as well as focusing on the agricultural runoff into local streams and rivers (EPA). In addition to this a team of EPA, Wisconsin, and Latvian environmental managers have also come up with a solution to protect supplies of future ground water in Daugavplis, this is where the national ground water protection strategy is based. Solid and Hazardous Waste- All types of waste needs to be dumped somewhere and the most contaminated solid waste sites are often found on military bases in Eastern Europe. They can be found on active or former military base cites, these are still dumping cites. Children in these areas are affected the most and are still being diagnosed with very high blood-lead levels, due to these case studies the EPA has provided special equipment and training to local officials to assess possible impacts of lead exposure. Due to such high levels of exposure in certain areas additional support has been provided by Romanian officials to assist areas in the cleanup of contaminated soil, the Czech Council of Ministers even committed to assist the cleanup of future development cites by approving $40 million to get started, this is called Project Selesia. This is not the only cleanup plan in effect there is also the Solid Waste Policy Demonstration Project, this idea helps to train local communities in the proper way to carry out more effective policies of cleaning and recycling waste. Pilot programs include the construction of new sanitary landfills, the cleanup of existing landfills, curbside recycling, are probably the most important public outreach programs taking place (EPA). Technology Transfer- the EPA has also helped with the development of a geographic information system (GIS), this system helps to track different trends that occur over time. The GIS is a computer-based mapping system that over time will store and track other environmental information that identifies pollution source and tracks it over time. This system will help the public become more informed and promote better decision making (EPA). The Radiation and Nuclear Safety Manage ment Project is yet one more idea that is hoped to assist different storage areas of nuclear material in a quick-turnaround of radiochemistry data in case of any future leaks and potential disasters. To be able to assist such tracking a mobile radioecology laboratory was created by the EPA along with the United Nations Development Program and USAID, have provided the Ukraine with possibly one of the worldââ¬â¢s best equipped mobile radiation monitoring laboratories. This lab is monitored by both the EPA project team and Ministry officials have since been conducting on-site contamination assessments of potential public health threats all around the country (EPA).
Tuesday, January 21, 2020
Privacy Concerns Essay -- Technology, DNA Databases
Privacy Concerns Most studies have shown that popular opinion holds that without a doubt national DNA databases have proved useful in criminal investigations (Wallace, 2006, pS27). The concept of a national DNA database has raised concern about privacy and human rights as seen through the scope of public safety. All of these concerns are elevated with databases include convicted, arrestee, innocent, and ââ¬Å"rehabilitatedâ⬠offenders (Suter, 2010, p339). Robin Williams of University of Duham (2006) asserts that: ââ¬Å"The rapid implementation and continuing expansion of forensic DNA databases around the world has been supported by claims about their effectiveness in criminal investigations and challenged by assertions of the resulting intrusiveness into individual privacyâ⬠(p545). To determine the balance between privacy and public safety legislation must address many questions including (but not limited to): when is a sample required to be obtained and by whom, is consent required, is force ever acceptable to obtain a sample, and which samples should be retained? Dr Katina Michael has reported that some instances that constitute acceptable DNA sample collection and storage (Table 4). The United States, England and Wales contain legislation that authorizes the collection of DNA from individuals arrested for violations of certain federal criminal laws and inclusion into the national DNA database of all profiles. Primary concerns focus these legal authorizations address privacy of a person and legal search and seizures of biological samples. For many countries like the United States there is a need to enact special legislation which led to delays in the implementation of DNA databases (Goodwin, et al., 2007, p102). In the United Sta... ...data from law enforcement databasesâ⬠for those who receive acquittals or whose convictions are overturned; there is no reference to physical DNA samples (Lwin, 2010, p21). Historically, legislative proposals purpose indefinite retention of evidentiary DNA samples, however the US, unlike England and Wales, does not refer to retention periods for genetic information post sentence completion. Individuals may find concern for personal genetic identifiers if the physical sample is retained post sentence completion, acquittal or if found innocent (Congressional Research Service, 2010, pp13-14; Beiber, 2002, p14). Studies assert the method of sample collection, accreditation of agencies collecting samples, legislative limits on retention periods for biometric information and a focus on balancing privacy and crime deterrence will structure a successful DNA database model.
Monday, January 13, 2020
Blaine Kitchenware Inc. Essay
To review Blaine Kitchenware Inc.ââ¬â¢s (BKI) current debt, equity and leverage levels with respect to the highly advisable repurchase of 14 million shares of stock at $18.50 per share and the related, necessary financing. BKI is currently highly over-liquid and under-levered. The firm can anticipate elevated tax rates due to the lack of debt held. BKI has also experienced falling earnings per share (EPS) due to the over issuing of stock. Similarly the large quantity of outstanding shares of stock has led to below average returns to shareholders and a return on equity (ROE) below the competitorsââ¬â¢ ROEs. BKI can offset these downward trends by increasing leverageââ¬âi.e. increasing debtââ¬âand reversing the dilutive acquisitions. BKI is highly recommended to obtain a 25 year loan of $50 million at 6.75% with which to repurchase 14 million of its outstanding shares of stock at the price of $18.50 per share, $2.25 above current stock price. Balance Sheet Impact As shown below, under the appendix, the pro forma balance sheet demonstrates forecasted values if BKI continues without action to increase leverage and decrease outstanding stock. BKI can expect to have $ 510,624,920.99 in stockholdersââ¬â¢ equity and $ 96,011,793.33 in cash and cash equivalents on which BKI will be liable at a 40% tax rate, significantly higher than previous fiscal years. Based on trends from 2004-2006, BKI can predict increases in current asset accounts and marginal decreases in fixed asset accounts. Without the pursuit of repurchase and increased debt, BKIââ¬â¢s current liabilities accounts will also experience marginal increases while other liabilities and deferred taxes decrease and long term debt remains at zero. Furthermore, before the repurchase of stock, BKIââ¬â¢s equity accounts may continue to increase. Applying the repurchase strategy to calculated three year trends, BKIââ¬â¢s forecasted balance sheet accounts have significantly lower cash and cash equivalent account, increased market securities, accounts receivables, inventory, and other current assets accounts. Fixed assets are expected to decrease based on three year trends while current liabilities increase. The repurchase will require financing which will be attained through a 25 year fixed rate loan of 50 million. At the end of the first year term, BKI will have long term debt of 50 million minus first year principal component of $819,345.59 equaling $ 49,180,654.41. Other liabilities and deferred taxes however, may decrease marginally. In addition, with the repurchase of 14 million shares, stockholdersââ¬â¢ equity is expected to decrease to $ 251,624,920.99 from $488,363,000.00 in 2006. Income Statement Impact Three year trends suggest BKI will have increased revenue, increased cost of goods sold, thus elevated gross profits, rising selling, general, and administrative costs, and decreased depreciation and amortization expenses. Overall, trends indicate earnings before interest and taxes may be higher than 2006 EBIT. Without the stock repurchase strategy, BKI may experience tax expense of $ 34,922,882.71 as opposed to tax expense amounting to $ 29,355,346.62 (calculated using 2007 federal income tax brackets as shown under appendix below) if BKI undergoes the stock repurchase strategy. Without undergoing the stock repurchase plan, BKI will have no interest expense and net income of $ 52,384,324.06. BKI will have dividend expense of $29,230,740.00. By undergoing the stock repurchase, BKI will earn net income of $54,576,860.15 which takes into account the interest expense of $3,375,000.00 associated with the loan to finance the stock repurchase. Impact on financial ratios Operating performance impact ROE: BKIââ¬â¢s return on equity ratio currently below average and below competitorsââ¬â¢ will continue to drop based on the firmââ¬â¢s performance trends in the last three years to a 10% level. The anticipated ROE with the stock repurchase plan is 22%, third highest ROE, and while not quite above the industry average, sufficiently above the industry median. EPS: Earnings per share is expected to increase to $1.21 with the stock repurchase plan while if the plan is forgone, BKI can anticipate earning a mere $0.89 per share outstanding. An EPS of $0.89 is lower than the firmââ¬â¢s historical EPS and unappealing to future investors. Leverage: Leverage will increase overall after the stock repurchase and withdrawal of the $50 million bank loan. As shown below, debt ratio increases with the addition of the long term debt which drives up total liabilities with respect to total assets. Long term debt to total capitalization increases as well as debt to equity since BKI will have a long term debt significantly higher than its stockholdersââ¬â¢ equity suggesting long term debt is used for permanent financing. Interest Coverage: After the stock repurchase, BKI can cover its interest expense over 20 times with the operating profit earned based on the times interest earned ratio. Expected Cost of Financial Distress BKI may have concerns with financial distress and guaranteeing that all operational costs are covered when leverage is increased. The cost of financial distress for BKI is determined by subtracting the BKIââ¬â¢s weighted cost of debt, 5.22% from the the rate of interest paid by firms that are not in financial distress in the same industry, based on Moodyââ¬â¢s AAA rating is 5.88%. This results in a 0.66% cost of financial distress or $100,452,019.96 after the stock repurchase and $ 67,992,788.05 before the stock repurchase.
Saturday, January 4, 2020
Fictitious Company Business Plan - 2501 Words
Pan Pacific Marketing Consultants Business Plan Contents Executive Summary Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ã⦠3 Objectives Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦..Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦.. 3 Mission Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦.Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦.3 Critical Success Factors Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 4 Internal Factors Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦..Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 4 External (Business Environment) Factors Ãâ¦Ãâ¦Ãâ¦Ãâ¦.Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦.. 4 Company Summary Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦...Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 5 Services Ãâ¦...Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 5 Competitive Comparison Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦..Ãâ¦Ãâ¦. 5 Sales Literature Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦..Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 6 Sourcing Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦..Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 6 Market Analysis Summary Ãâ¦Ãâ¦.Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ã⦠6 Market Segmentation Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 6 Target Market Segmentation StrategyÃâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦. 6 Competition and Buying Patterns Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦Ãâ¦.Ãâ¦Ãâ¦Ãâ¦Ã⦠7 Strategy andâ⬠¦show more contentâ⬠¦Being a market intelligence services provider, business and market development consulting services provider, and business and sales representative, Pan Pacific Marketing Consultants demonstrates a successful approach in converting its reputation into an excellent brand to ensure the conversion of its clients knowledge into their intellectual property, thus creating value for its clients. 2. Excellence in fulfilling the promise. Clients do not buy features, they buy benefits. To realize a benefit, a claim must be made and proof presented. This company has had success on claim after claim. 3. Developing visibility to generate new business leads. Participation by the company in online business affiliations with reputable global players of e-business technology is a necessity. Two of these players are Palo Alto Software and B2BToday.com. Strategic relationships must also be made with companies, government institutions, regional (provincial) government offices, and NGOs, as well as with individual customers. 4. High-quality service and customer satisfaction. Everything the company sells is guaranteed; therefore, the services have to do what the customers want, and do it well. Long-term customer satisfaction is critical to the survival of the company. 5. Create multiple opportunities from a single line of expertise. 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