Crime And Intentional Tort Essay Example for Free

Crime And Intentional Tort Essay A crime is defined as â€Å"acts or omissions that are in violation of law† (Wests Encyclopedia of American Law, 1998). The states and the federal government have enacted criminal laws that define each of the crimes and prescribe penalties in case of violation or commission (Wests Encyclopedia of American Law, 1998). The two elements of a criminal offense are: â€Å"actus reus and mens rea; one is physical and the other, mental state† (Wests Encyclopedia of American Law, 1998). Thus, â€Å"actus reus must be causally related to the mens rea for a crime to occur† meaning that the evil intention of the mind must coincide with the physical manifestation through the unlawful act (Wests Encyclopedia of American Law, 1998). However, as an exception to this rule, the courts have in a line of judicial precedents ruled that in case of strict liability the person who may not be â€Å"at fault or negligent† shall be legally liable for damages to the injured party. The injured party will only have to prove that he sustained damages (Wests Encyclopedia of American Law, 1998). Moreover, courts allowed liability on the basis of the actus reus alone as being sufficient (Wests Encyclopedia of American Law, 1998). For instance, the employer is deemed liable for damages for the negligent acts of his employees while in the performance of their duties. Another example would be in the case of product liability where in the company is held liable for the injury sustained by a customer due to defective products. Crimes may be committed by natural and juridical persons. Natural persons are human beings while juridical persons are entities created by fiction of law deemed to be individuals capable of entering into contracts, owning and or possessing properties, enforcing rights and acquiring debts (Wests Encyclopedia of American Law, 1998). A corporation therefore is a person. Corporations may be held liable for civil damages for the acts and conduct of the employees it employees. This liability is known as vicarious liability (Wests Encyclopedia of American Law, 1998). Anent criminal liability, a corporation is not capable of committing a crime because it does not have a mind statelacking in â€Å"mens rea. † It is also a legal fiction and therefore, one cannot put it behind bars. The recent years however, showed a different trend from these arguments. Nowadays, an American corporation engaged in criminal activities such as fraud can be convicted when the criminal conduct of its employee or officer is proven. The federal government through the Deputy Attorney General cited the reasons for indicting corporations as being beneficial to public interests (Thompson, 2003). It â€Å"enables the government to address and be a force for positive change of corporate culture, alter corporate behavior, and prevent, discover, and punish white collar crime† (Thompson, 2003). The federal government not only prosecutes the corporation but also the officers or agents of the corporations who apparently are guilty and culpable. Two recent cases may be cited to illustrate this point. The prosecution of Ebbers where his former finance officer testified against him, resulted in at least a total of 85 years imprisonment consisting of â€Å"one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings† (Associated Press, 2005). It was also discovered that manipulation on the books of accounting resulted in the amount of $ 11 billion (Associated Press, 2005). In another case, Reliant Energy Services, Inc. and four of its officers were criminally charged for â€Å"manipulation of the California energy markets† (U. S. DOJ web site, 2004). Thus, when there is corruption in a company, disrespect for the law, fails to see to it that internal mechanisms are in place to detect fraud and corruption and thereafter fails to cooperate in the investigation, the federal government vows to criminally prosecute the corporation (U. S.  DOJ web site, 2004). In both cases, the corporations involved were charged and prosecuted because of the pervasiveness of the violations such as when directed by upper management or when in conspiracy with the other officers of the corporation (U. S. DOJ web site, 2004). The rule of respondeat superior shall apply in case the violation is an isolated case as when committed by a single officer and with a compliance program being implemented by the corporation. The company can only act through its agents and officers, thus if an overwhelming majority have committed fraud or any criminal act, then such act is considered the act of the corporation—the mens rea being the mental state of the culpable officers and agents. This is penalized in accordance with the Sentencing Guidelines. In the two cases cited, the respective companies are guilty of a felony because the charges were of serious nature with an imprisonment of more than one year (Wests Encyclopedia of American Law, 1998). Corporate crime can be a misdemeanor or a felony depending on the penalty attached by law for its commission.

Weather and Environment Impacts in Brazil Essay -- Brazil Rainforest C

Weather and Environment Impacts in Brazil Manaus is a remote town located in a rainforest, so obviously there is a large influence by the weather on the environment around Manaus. Yearly it receives about 84 inches of rainfallinches of rainfall leading to the first environmental impact of the weather: flooding. Manaus is located near the junction of two major rivers, the Rio Negro and the Rio Solimoes, which combine slightly to the east of Manaus to from the Amazon river. The land is relatively flat, and therefore serves as a flood basin for the rivers. The average yearly fall of the river may be around 33 feet (1). The flooding is a risk to humans in that it may threaten the city and homes, but there is also important ecological benefits that stem from the inundations. The flooding of riverside forest provides important habitat for fish, particularly juveniles which can use the tree’s root structure to avoid predation (1). A potentially more controversial result of the flooding is that fields which are inundated are an important source of atmospheric methane, as well as good nursery grounds (1) Methane is a greenhouse gas, which may lead some individuals to call for flood control of the plains in an effort to limit greenhouse gas emission in Brazil. There is a dam built up river of Manaus, but there have been problems with Amazonian dams. Because of the rainforest large amounts of plant detritus ends up in the rivers, where it gets caught behind the dams and causes sedimentation, similar to silts in American rivers (2). Unlike north American sedimentation ho wever, the climate in Brazil allows for rapid breakdown of the plant detritus, acidifying the water and releasing large amounts of Methane into the air. The dams reservo... ... become. Fires also put particulate mater into the air, which is classified as a pollutant. References http://www.op.dlr.de/ne-hf/SRL-2/p44721_mana2.html accessed 11/29/04 http://www.pacificislandtravel.com/south_america/brazil/about_destin/nature.html accessed 11/29/04 http://nersp.nerdc.ufl.edu/~arm/amazonFires.html accessed 11/29/04 http://www.ipcc.ch accessed 11/29/04 Bruijnzeel, L.A. Hydrological functions of tropical forests: not seeing the soil for the trees? Agriculture, Ecosystems & Environment 104:1 185-228 Durieux, L.; Machad, L.A.T.; Laurent, H. The impact of deforestation on cloud cover over the Amazon arc of deforestation. Remote Sensing of Environment 86:1 132-140 Lamb, H.H. Climate Change and the Modern World. New York, NY. Routledge 1995 Somerville, R.C.J. The Forgiving Air. Berkley, CA. University of California Press 1996

Fin 4413

Finance 725Spring 2006 J. E. Hodder Corporation Finance Course Schedule Tuesday, January 17:Introduction Thursday, January 19:Clarkson Lumber Company Reading:Note on Financial Analysis a. How is the company's financial performance? (Examine  appropriate financial ratios. ) b. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? c. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? d. How attractive is it to take trade discounts?Tuesday, January 24:Clarkson Lumber Company (continued) Reading: a. Note on Financial Forecasting b. Note on Bank Loans a. How much of a loan will Mr. Clarkson need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all the trade discounts? (Prepare a projected income statement for 1996 and a pro forma balance sheet as of December 31, 1996. ) b. As Mr. Clarkson’s financi al adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and plans for additional debt financing? . As the banker, would you approve Mr. Clarkson’s loan request; and if so, what conditions would you put on the loan? Thursday, January 26:SureCut Shears, Inc. a. Evaluate SureCut’s financial performance using standard ratios. b. Why can’t SureCut repay it’s loan on time? In addressing this question, you may find it useful to construct a â€Å"sources and uses† statement for the period June 30, 1995 – March 31, 1996. Tuesday, January 31:SureCut Shears (continued) a. What actions would you recommend that SureCut take in order to address its financial problems? If Mr.Stewart agrees to a loan extension and your recommendations are implemented, when will SureCut be able to repay the loan in full? b. Would you, as Mr. Stewart, agree to a loan extension? What conditions or terms would you require? c. Compare the nat ure of the financial problems facing SureCut with those of Clarkson Lumber. Thursday, February 2:Advanced Technologies, Inc. Case Submission #1 Due a. In a volatile industry such as semiconductor equipment manufacturing, how useful is long-term financial planning? b. What are the key characteristics of ATI's markets and operating policies?How do these characteristics influence the company's financial structure? c. Has Mr. Michaels done a good job of financial planning? What set of possible conditions would place ATI under the greatest financing pressure, and how great would that pressure be? d. Should ATI sell equity in 1998, thereby bringing its financial structure more in line with those of its main competitors? Tuesday, February 7:Continental Carriers, Inc. a. How is the company's financial performance? (Examine  appropriate financial ratios. ) b. Given the nature of CCI’s business, how much debt can it support? . What are the respective costs of the different financing alternatives suggested? Thursday, February 9:Continental Carriers (continued) a. What information does the EBIT chart (Exhibit 3) provide? What inferences can we draw from it? b. What are the qualitative advantages and disadvantages of each of the forms of financing under consideration? c. How should the acquisition of Midland Freight be financed, taking into account the explicit costs of the different alternatives as well as other relevant considerations? Tuesday, February 14:Debt Policy at UST Inc . a.From the perspective of a bondholder, what are the primary attributes and business risks for UST? b. Why is UST considering a leveraged recapitalization after such a long history of conservative debt policy? c. Estimate the incremental effect on UST’s value if the entire $1 billion recapitalization is implemented immediately (January 1, 1999). Assume a 38% tax rate and perpetual debt. Also analyze, via a pro forma income statement, whether UST will be able to make interest pay ments. d. Would UST be better off with a different initial debt level? Should it adjust the debt level through time? e.Will the recapitalization hamper UST’s ability to maintain its long history of dividend payments? Thursday, February 16:No Class Meeting A â€Å"make-up† session is tentatively scheduled for 7:00 PM on Thursday February 2nd. The topic will be a brief review of Capital Structure Theory. Tuesday, February 21:Stone Container Corporation (A) a. Compare Roger Stone’s growth and financial strategies with those of his predecessors. b. Examine the sensitivity of Stone Container’s earnings and cash flow to the paper and linerboard pricing cycle. Assume sales volume of 7. 5 million tons per year and a 35% marginal tax rate.What would be the effect of a $50 per ton price increase? Is such an industry-wide price increase plausible? c. What should be Stone Container’s financial priorities in 1993? d. Of the financing alternatives described in t he case, which would be in the best interests of Stone’s shareholders? Which would be in the best interests of its high-yield debt holders? Which would be favored by its bank creditors? Thursday, February 23:Stone Container Corporation (continued) Case Submission #2 Due Tuesday, February 28:. Pioneer Petroleum Corporation a.Does Pioneer estimate its overall corporate weighted average cost of capital correctly? b. When evaluating projects and allocating investment funds among divisions, should Pioneer use a single corporate cost of capital or multiple divisional hurdle rates? If multiple rates are used, how should they be determined? c. Should all projects within a single division use the same hurdle rate? If not, how should different standards be determined? Thursday, March 2:Marriott Corporation: The Cost of Capital (Abridged) a. Are the four components of Marriott's financial strategy consistent with its growth objective? b.Why does Marriott use divisional hurdle rates inst ead of either a company-wide rate or project-specific rates? c. Estimate the WACC for Marriott as a whole. What risk-free rate and risk premium did you use in estimating the cost of equity? How did you measure the firm's cost of debt? Tuesday, March 7:Marriott Corporation (continued) a. Estimate the cost of equity, cost of debt, and WACC for Marriott's lodging and its restaurant divisions. b. What is the cost of capital for Marriott's contract services division? How can you estimate that division's equity costs without publicly traded comparable companies?Thursday, March 9:Pressco, Inc. (1985) a. What is the Net Present Value (NPV) of the mechanical drying equipment investment opportunity (as of December 1985) assuming a 12% cost of capital for Paperco? Assume the rumored new tax proposal is not enacted and the new equipment is installed in December 1986. b. What is the NPV of the investment project assuming that the new tax proposals are enacted, the new drying equipment is install ed in December 1986, and Paperco signs a binding purchase contract soon enough to be eligible for the 8% Investment Tax Credit and the use of ACRS depreciation? . Ms. Rogers knows that Paperco's management incorporated a 6% general inflation assumption into its overall cost of capital estimate. She also knows Paperco's management felt that fuel costs would remain unchanged through 1990 and then rise at 6% per year thereafter. How much, if at all, would the use of this information change the project's NPV estimate? Spring Break Tuesday, March 21:. E. I. du Pont de Nemours and Co. : Titanium Dioxide a. What are Du Pont's competitive advantages in the Titanium Dioxide market as of 1972? How permanent or defensible are they?What must Du Pont do to retain its competitive advantages in the future? b. Given the forecasts provided in the case, estimate the incremental cash flows associated with Du Pont's growth strategy and its maintain strategy for the Titanium Dioxide market. How much ris k and uncertainty surround these future cash flows? c. How might competitors respond to Du Pont's choice of either strategy? What other factors should Du Pont consider in making this decision? Which strategy do you recommend? Thursday, March 23:. Wilmington Tap and Die a. Are the inflation assumptions used in the cash flow projections onsistent with the implicit inflation assumption in a 20% hurdle rate? b. Critically evaluate the sales forecasts for Wilmington, its competitors, and the market as a whole. Why does exhibit 7 indicate a declining market share for Wilmington? Why are other competitors growing more rapidly than Wilmington? c. Is it reasonable to assume that the competition will not purchase new technology grinders (either Icahn or one of the apparent German alternatives)? If instead you assume that Wilmington's competitors purchase modern grinders, how should the sales forecast be modified? d.What are possible implications of the higher quality taps produced on the Icah n (or similar) machines for unit sales projections and possible pricing differentials? e. Are there other aspects of the cash flow estimates which should be questioned? Tuesday, March 28:Wilmington Tap and Die (Continued) Case Submission #3 Due Thursday, March 30:Interco a. Assess Interco's financial performance. Why is the company a takeover target? b. As a member of Interco's board are you persuaded by the premiums paid analysis (exhibit 10) and the comparable transactions analysis (exhibit 11)? c.How does Wasserstein Perella's estimated valuation range of $68 – $80 per common share for Interco result from the assumptions in exhibit 12? As a member of Interco's board, which of those assumptions would you have questioned? d. How would you advise the Interco board on the $70 per share offer? Tuesday, April 4:Bougainville Power Station Reading:Brealey & Myers, Chapter 19 OR Ross, Westerfield, & Jaffe, Chapter 17 a. What are the values of loan subsidies on the English and Japan ese bids? b. What are the Present Values for the Interest Tax Shields on each bid? . Is 100% debt optimal for the power station equipment purchase? If not, how should the bid evaluations be adjusted? d. What is the appropriate discount rate for evaluating the Base Case NPV? Thursday, April 6:Southport Minerals Inc. a. What are the pros and cons of the approaches suggested in the case for evaluating the Firstburg Project? What are the advantages of APV compared with the approaches in the case? b. How would you estimate an unlevered cost of equity for this project? c. How should anticipated inflation be incorporated in the project evaluation? . Are there any assumptions regarding projected cash flows or loan repayments that you feel are either overly optimistic or overly pessimistic? Tuesday, April 11:Southport Minerals (continued) Case Submission #4 Due Thursday, April 13:Option Pricing and Real Options I Reading:Brealey & Myers, Chapters 20-22 OR Ross, Westerfield, & Jaffe, Chapters 22 and 23 Tuesday, April 18:Option Pricing and Real Options II Thursday, April 20:Option Pricing and Real Options III Tuesday, April 25:Wire Tel a.Estimate the value of the first generation product using APV. How much of that value is due to financing with the secured bank loan? b. What is the effect of the being able to sell the manufacturing equipment for $4 million in year three if demand for the first generation phones is low? c. What must be the minimum value of the growth option represented by the second generation product in order to justify starting Wire Tel? Thursday, April 27:MW Petroleum Corporation (A) a. Is it reasonable to expect that the MW properties are more valuable to Apache than to Amoco?What sources of value most plausibly account for the difference between buyer and seller? b. Value all the MW reserves using APV. Is your estimate more likely to be biased high or low? What are the sources of bias? c. How would you structure an analysis of MW as a portfolio of a ssets-in-place and options? d. Focusing on proved undeveloped reserves, what is the strike price for the embedded option? What are the current asset value, volatility, and other input parameters needed for an option valuation? Tuesday, May 2:MW Petroleum Corporation (continued) Case Submission #5 Due Thursday, May 4:Course Review Fin 4413 Finance 725Spring 2006 J. E. Hodder Corporation Finance Course Schedule Tuesday, January 17:Introduction Thursday, January 19:Clarkson Lumber Company Reading:Note on Financial Analysis a. How is the company's financial performance? (Examine  appropriate financial ratios. ) b. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? c. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? d. How attractive is it to take trade discounts?Tuesday, January 24:Clarkson Lumber Company (continued) Reading: a. Note on Financial Forecasting b. Note on Bank Loans a. How much of a loan will Mr. Clarkson need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all the trade discounts? (Prepare a projected income statement for 1996 and a pro forma balance sheet as of December 31, 1996. ) b. As Mr. Clarkson’s financi al adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and plans for additional debt financing? . As the banker, would you approve Mr. Clarkson’s loan request; and if so, what conditions would you put on the loan? Thursday, January 26:SureCut Shears, Inc. a. Evaluate SureCut’s financial performance using standard ratios. b. Why can’t SureCut repay it’s loan on time? In addressing this question, you may find it useful to construct a â€Å"sources and uses† statement for the period June 30, 1995 – March 31, 1996. Tuesday, January 31:SureCut Shears (continued) a. What actions would you recommend that SureCut take in order to address its financial problems? If Mr.Stewart agrees to a loan extension and your recommendations are implemented, when will SureCut be able to repay the loan in full? b. Would you, as Mr. Stewart, agree to a loan extension? What conditions or terms would you require? c. Compare the nat ure of the financial problems facing SureCut with those of Clarkson Lumber. Thursday, February 2:Advanced Technologies, Inc. Case Submission #1 Due a. In a volatile industry such as semiconductor equipment manufacturing, how useful is long-term financial planning? b. What are the key characteristics of ATI's markets and operating policies?How do these characteristics influence the company's financial structure? c. Has Mr. Michaels done a good job of financial planning? What set of possible conditions would place ATI under the greatest financing pressure, and how great would that pressure be? d. Should ATI sell equity in 1998, thereby bringing its financial structure more in line with those of its main competitors? Tuesday, February 7:Continental Carriers, Inc. a. How is the company's financial performance? (Examine  appropriate financial ratios. ) b. Given the nature of CCI’s business, how much debt can it support? . What are the respective costs of the different financing alternatives suggested? Thursday, February 9:Continental Carriers (continued) a. What information does the EBIT chart (Exhibit 3) provide? What inferences can we draw from it? b. What are the qualitative advantages and disadvantages of each of the forms of financing under consideration? c. How should the acquisition of Midland Freight be financed, taking into account the explicit costs of the different alternatives as well as other relevant considerations? Tuesday, February 14:Debt Policy at UST Inc . a.From the perspective of a bondholder, what are the primary attributes and business risks for UST? b. Why is UST considering a leveraged recapitalization after such a long history of conservative debt policy? c. Estimate the incremental effect on UST’s value if the entire $1 billion recapitalization is implemented immediately (January 1, 1999). Assume a 38% tax rate and perpetual debt. Also analyze, via a pro forma income statement, whether UST will be able to make interest pay ments. d. Would UST be better off with a different initial debt level? Should it adjust the debt level through time? e.Will the recapitalization hamper UST’s ability to maintain its long history of dividend payments? Thursday, February 16:No Class Meeting A â€Å"make-up† session is tentatively scheduled for 7:00 PM on Thursday February 2nd. The topic will be a brief review of Capital Structure Theory. Tuesday, February 21:Stone Container Corporation (A) a. Compare Roger Stone’s growth and financial strategies with those of his predecessors. b. Examine the sensitivity of Stone Container’s earnings and cash flow to the paper and linerboard pricing cycle. Assume sales volume of 7. 5 million tons per year and a 35% marginal tax rate.What would be the effect of a $50 per ton price increase? Is such an industry-wide price increase plausible? c. What should be Stone Container’s financial priorities in 1993? d. Of the financing alternatives described in t he case, which would be in the best interests of Stone’s shareholders? Which would be in the best interests of its high-yield debt holders? Which would be favored by its bank creditors? Thursday, February 23:Stone Container Corporation (continued) Case Submission #2 Due Tuesday, February 28:. Pioneer Petroleum Corporation a.Does Pioneer estimate its overall corporate weighted average cost of capital correctly? b. When evaluating projects and allocating investment funds among divisions, should Pioneer use a single corporate cost of capital or multiple divisional hurdle rates? If multiple rates are used, how should they be determined? c. Should all projects within a single division use the same hurdle rate? If not, how should different standards be determined? Thursday, March 2:Marriott Corporation: The Cost of Capital (Abridged) a. Are the four components of Marriott's financial strategy consistent with its growth objective? b.Why does Marriott use divisional hurdle rates inst ead of either a company-wide rate or project-specific rates? c. Estimate the WACC for Marriott as a whole. What risk-free rate and risk premium did you use in estimating the cost of equity? How did you measure the firm's cost of debt? Tuesday, March 7:Marriott Corporation (continued) a. Estimate the cost of equity, cost of debt, and WACC for Marriott's lodging and its restaurant divisions. b. What is the cost of capital for Marriott's contract services division? How can you estimate that division's equity costs without publicly traded comparable companies?Thursday, March 9:Pressco, Inc. (1985) a. What is the Net Present Value (NPV) of the mechanical drying equipment investment opportunity (as of December 1985) assuming a 12% cost of capital for Paperco? Assume the rumored new tax proposal is not enacted and the new equipment is installed in December 1986. b. What is the NPV of the investment project assuming that the new tax proposals are enacted, the new drying equipment is install ed in December 1986, and Paperco signs a binding purchase contract soon enough to be eligible for the 8% Investment Tax Credit and the use of ACRS depreciation? . Ms. Rogers knows that Paperco's management incorporated a 6% general inflation assumption into its overall cost of capital estimate. She also knows Paperco's management felt that fuel costs would remain unchanged through 1990 and then rise at 6% per year thereafter. How much, if at all, would the use of this information change the project's NPV estimate? Spring Break Tuesday, March 21:. E. I. du Pont de Nemours and Co. : Titanium Dioxide a. What are Du Pont's competitive advantages in the Titanium Dioxide market as of 1972? How permanent or defensible are they?What must Du Pont do to retain its competitive advantages in the future? b. Given the forecasts provided in the case, estimate the incremental cash flows associated with Du Pont's growth strategy and its maintain strategy for the Titanium Dioxide market. How much ris k and uncertainty surround these future cash flows? c. How might competitors respond to Du Pont's choice of either strategy? What other factors should Du Pont consider in making this decision? Which strategy do you recommend? Thursday, March 23:. Wilmington Tap and Die a. Are the inflation assumptions used in the cash flow projections onsistent with the implicit inflation assumption in a 20% hurdle rate? b. Critically evaluate the sales forecasts for Wilmington, its competitors, and the market as a whole. Why does exhibit 7 indicate a declining market share for Wilmington? Why are other competitors growing more rapidly than Wilmington? c. Is it reasonable to assume that the competition will not purchase new technology grinders (either Icahn or one of the apparent German alternatives)? If instead you assume that Wilmington's competitors purchase modern grinders, how should the sales forecast be modified? d.What are possible implications of the higher quality taps produced on the Icah n (or similar) machines for unit sales projections and possible pricing differentials? e. Are there other aspects of the cash flow estimates which should be questioned? Tuesday, March 28:Wilmington Tap and Die (Continued) Case Submission #3 Due Thursday, March 30:Interco a. Assess Interco's financial performance. Why is the company a takeover target? b. As a member of Interco's board are you persuaded by the premiums paid analysis (exhibit 10) and the comparable transactions analysis (exhibit 11)? c.How does Wasserstein Perella's estimated valuation range of $68 – $80 per common share for Interco result from the assumptions in exhibit 12? As a member of Interco's board, which of those assumptions would you have questioned? d. How would you advise the Interco board on the $70 per share offer? Tuesday, April 4:Bougainville Power Station Reading:Brealey & Myers, Chapter 19 OR Ross, Westerfield, & Jaffe, Chapter 17 a. What are the values of loan subsidies on the English and Japan ese bids? b. What are the Present Values for the Interest Tax Shields on each bid? . Is 100% debt optimal for the power station equipment purchase? If not, how should the bid evaluations be adjusted? d. What is the appropriate discount rate for evaluating the Base Case NPV? Thursday, April 6:Southport Minerals Inc. a. What are the pros and cons of the approaches suggested in the case for evaluating the Firstburg Project? What are the advantages of APV compared with the approaches in the case? b. How would you estimate an unlevered cost of equity for this project? c. How should anticipated inflation be incorporated in the project evaluation? . Are there any assumptions regarding projected cash flows or loan repayments that you feel are either overly optimistic or overly pessimistic? Tuesday, April 11:Southport Minerals (continued) Case Submission #4 Due Thursday, April 13:Option Pricing and Real Options I Reading:Brealey & Myers, Chapters 20-22 OR Ross, Westerfield, & Jaffe, Chapters 22 and 23 Tuesday, April 18:Option Pricing and Real Options II Thursday, April 20:Option Pricing and Real Options III Tuesday, April 25:Wire Tel a.Estimate the value of the first generation product using APV. How much of that value is due to financing with the secured bank loan? b. What is the effect of the being able to sell the manufacturing equipment for $4 million in year three if demand for the first generation phones is low? c. What must be the minimum value of the growth option represented by the second generation product in order to justify starting Wire Tel? Thursday, April 27:MW Petroleum Corporation (A) a. Is it reasonable to expect that the MW properties are more valuable to Apache than to Amoco?What sources of value most plausibly account for the difference between buyer and seller? b. Value all the MW reserves using APV. Is your estimate more likely to be biased high or low? What are the sources of bias? c. How would you structure an analysis of MW as a portfolio of a ssets-in-place and options? d. Focusing on proved undeveloped reserves, what is the strike price for the embedded option? What are the current asset value, volatility, and other input parameters needed for an option valuation? Tuesday, May 2:MW Petroleum Corporation (continued) Case Submission #5 Due Thursday, May 4:Course Review

Hr Website Reviews - 1407 Words

Human Resource Website Review For this website review of human resource websites, it will cover the websites www.shrm.org and www.ifebp.org. Each one of these websites is a great site to use as a resource for their own respective category inside of human resources. This review will compare the same questions to keep the measurements fair, and will provide screenshots to use as demonstrations to provide visions throughout the paper. The first website that will be reviewed is www.shrm.org. SHRM stands for â€Å"Society for Human Resource Management†. The mission and purpose of SHRM is to produce a community open to a wide range of customers including human resource professionals, governments, media, businesses, to talk about the human†¦show more content†¦The other human resource website I reviewed is www.ifebp.org. IFEBP stands for â€Å"International Foundation of Employee Benefit Plans†. The mission and purpose for IFEBP is to provide education and source of employee benefits, compensation, and financial education. (http://www.ifebp.org/AboutUs/MisVis/) This website plays an important role in human resources because it plays an important role in teaching employees and employers about benefits and compensation. Compared to the other website where it looked at human resources as a whole, IFEBP looks at a specific section within human resources. IFEBP serves to Canada, public employee, co rporate/single employer, multiemployer, and service providers. This means that a company can belong to this site where anyone can grant with access can look around, or people who are employees so they can further educate themselves. Companies may join this site to become more aware of trends, and how to have better employee benefit practices for the entire company. There are over 34,000 members who belong to IFEBP. (http://www.ifebp.org/Membership/FAQ/) Please see a screen shot below of all the different sectors. IFEBP is a non-profit organization, which has a nine-member executive member board that serves the company’s leadership roles. Roles range from President to Secretary. Also, a past President sits on the board. [pic] The IFEBP website offers educational programs and certificate programs to its members. TheShow MoreRelatedThe Human Resource Management ( Shrm ) Essay903 Words   |  4 Pagesalso need a connection to the local HR community, which membership in THCRA will provide. TCHRA will enable me to attend their events and conferences, which will provide me with networking opportunities. TCHRA also has a job board with available local HR jobs, which will be a useful resource to me as I begin my job search. Joining TCHRA is a simple process. As I am already, a student member of SHRM I can become a member by simply registering on their website. I will be doing his before the end ofRead More3HRC Activity 21052 Words   |  5 Pagesï » ¿ 3HRC (HR) Understanding organisations and the role of Human Resources Activity 2 The following report contains information on how Human Resources can support the organisation with both internal processes and meeting key business objectives. Human resources and the services they provide can be seen as the crucial link between staff and the achieving the business goals and objectives. They are there to create, produce and maintain all policies and procedures. And more importantlyRead MoreCmgt 575 Week 5929 Words   |  4 PagesUniversity of Phoenix CMGT - 575 Assignment from Sylabus: Prepare a 2-3 page narrative of your HR integaration project to explain you approach to the project’s sponsor, Hugh McCauley. Assignment Clarification from Questions amp; Comments Thread: This should be a personal narrative of your experience while working through the various stages of the assignment, using MS Project, comments, what would you have done differently, etc. ATTN: Hugh McCauley Service Request 004 for Riordian ManufacturingRead MoreInternal Applicants Are Treated Equally As The External Candidates936 Words   |  4 Pagesit is recommended that management can post jobs on TV and radio advertisements, newspapers, websites among others taking advantage of all communication channels. Review Applicants and Develop Short List After position is posted, applicants should apply for the vacancy. In this case applicants are considered as the lot that apply during the first application period. All search committee members should review the applicants. This ensures that many individuals get access to their qualifications. ThisRead MoreCipd Assessment1105 Words   |  5 Pagesalso briefly describe how they were learned? 1 Helping to gain buy-in to the new HR model, through developing the roles and responsibilities for the important new HR groups and further advocating the case for the changes. Leading on the development and implementation of the People Plan which has provided the framework for guiding and managing the transition (downsizing, restructuring and reskilling) of the HR function – and aspects of the related changes required of managers and individuals asRead MoreA Case Study Of Recruitment And Selection Essay1632 Words   |  7 Pages Southwood School: A Case Study in Recruitment and Selection Nicole M. Flores University of Maryland University College HRMN 300, HR Case Evaluation 1 November 12, 2016 On my honor, I submit this work in good faith, and pledge that I have neither given nor received any unauthorized assistance on this assignment. I have read and understand the importance of maintaining academic integrity as explained in the Online Guide to Writing and Research: http://www.umuc.edu/writingcenter/onlineguide/tutorial/chapter5/ch5-01Read Moree-Recurting1637 Words   |  7 Pagesï » ¿e-Recruiting HR professionals can use online recruiting to more effectively support recruitment activities while reducing organizational costs. Online recruiting reduces organisational costs plus its quick and easy to do. HR managers and professionals can post job vacancies in minutes from anyplace location where every there is internet accessibility and can receive immediate responses from eligible individuals without a fuss. However, HR professionals need to understand how this process worksRead MoreWeb Technology Will Certainly Enhance Talent Attraction, Retention and Development in Organization. Discuss in Relation to Specific Hr Practices.867 Words   |  4 Pagesspecific HR practices. Introduction Talent acquisition, retention and development is becoming into the range as one of the most critical elements of Human Resource Management. For years, companies have struggled to capture market share through economization and downsizing, while growth had seemed to take a backseat. New technology and tools are now available to address attracting, developing and retaining talent. Talent attraction-Recruitment One of the most important practices of HR is recruitmentRead MoreThe Approach Of Standard Chartered Bank Essay851 Words   |  4 Pagescorporate bank with its headquarters in London. It has been operating in more than 50 countries with 60,000 employees of 100 different nationalities. The bank has been deriving most of its profits from Asia and other parts of Africa and Middle East. (SCB website, 2008) A couple of years back, as part of its SHRM improvement program; they have started remodeling their talent management activities. Geraldine Haley, group head of talent management and leadership development in Standard Chartered Bank, gave aRead MoreThe Code Of Ethics For Hiring Practices Or Procedures Based On Race, Religion, Marital Status, And1596 Words   |  7 PagesInternational Airlines Official Human Resources Website. All inquiries and interactions will be made to and from this site. These Positions can and will be posted on other websites, at Job Fairs, and the like, but the official job posting will be on the World Global HR site. Updates and interactions with these MBA 605 LEADERSHIP AND ORGANIZATIONAL BEHAVIOR #4 4 postings will be made on and through this website to allow all job seekers the same access to the