Lab assignment Report Example | Topics and Well Written Essays - 250 words

Assignment - Lab Report Example The movement of material across the dialysis membrane was depended on the concentration of the materials across the membrane. Notably, highly concentrated solutions were expected to move from high to low concentrations through diffusion process. Additionally, materials were also expected to move form regions of low concentration to high concentration across the membrane (movement of the experimental material out of the membrane) through osmosis process. Finally, at a certain point or zero concentration gradient no movement of materials across the cell was expected. The concentration of any given solution determines the movement of materials across any semi or permeable membrane. The movement of water molecules or materials from regions of high concentration to regions of low concentrated refers to diffusion of materials. The materials are expected move from regions of low concentration to regions of high concentration in a process termed as osmosis. These movements are attempts of creating balance or equilibrium in concentration within the regions around any given cell membrane. Therefore, when the concentrations between the membranes are of equal concentration, there shall be no movement of material across the membrane. Hence, this process well explains different types of movements of materials across cell membranes of living organisms (Beckett

Health Care Spending Essay Example for Free

Health Care Spending Essay In the past seven decades health care spending has been increasing tremendously. The industrial era brought in a new system to help population duel with the cost of medical care. New technology has become a much needed investing in the 21st century which has yield to a great margin between small and big facilities. When looking at all of these factors there is no wonder the nation is spend way too much money on health care, although at times might seem that there is not enough. It seems that the right investment is needed to help aid those that need help the most the elderly and unemployed, with the economy in a fragile state and unemployment rates increasing with the quarters there is no question that decisions about how we are spending on health care needs to change. Even though so many factors are involved in the spending this paper would focus on our current level of expenditures, how and where is the money spent, forecasting what would be coming next. Current level of national healthcare expenditures According to Physicians for a National Health Program (2012), â€Å"National Health Expenditures was $2.8 trillion, and the spending as a percent of GDP was 18% for 2012† (National Health Expenditure Projections: Modest Annual Growth until Coverage Expands and Economic Growth Accelerates). When looking at these facts many would even argue we are spending quite enough when it comes to healthcare or perhaps too much, however is the complete opposite not enough spending is in the right place. These figures does not represent the spent on one area of health care the graph below will provide an idea as to what, when, and where was spent on 2009. Total = $2.3 Trillion Source: Martin A.B. et al., â€Å"Growth In US Health Spending Remained Slow in 2010; Health Share of Gross Domestic Product Was Unchanged from 2009,† Health Affairs, 2012. As shown on the graph 51% of the spending is towards hospital care and physician/clinical services which are great to be invested in, however the rest of the spending in my opinion is not proportionally distribute, yes those areas are extremely important but it would be beneficial if more can be distributed along medication, and other professionals services to include the testing and diagnose of serious illnesses such as cancer. The investment is require to subsidize the needs on these areas, 45 percent of people under age 65 who dont have insurance coverage for prescriptions said they had not filled a prescription in the last year because of the cost. Additionally, 84 percent of working-age people in the U.S. without insurance coverage for prescriptions said they had taken some action such as spending less on groceries or postponing paying other bills in order to pay for their medications, an increase from 71 percent last year (Rowan, 2012). Regarding testing for patients with cancer there should be more funding for the new technology available for test that many patients are not aware, because they cannot afford it or simply because it is not available in their area. Spending: Too much or not enough? In 2010, $2.6 trillion was spent on health care services and products, 61 percent of which purchased hospital care, physician and clinical services, and retail prescription drugs. Private health insurance paid for 33 percent, out-of-pocket sources for 12 percent, and other third party payers and programs for 7 percent. The two largest government health care programs, Medicare and Medicaid, purchased $925.1 billion worth of health care goods and services in 2010, accounting for 36 percent of total health care spending (Centers for Medicare and Medicaid Services, 2012). The increase of cost would continue to rise according to economists, health care managers, and advisors forcing for a new reform to change the system. Thus many are not too please with this idea is a phenomenal that cannot be avoid, there is a need to change in policies and methods in which we spent or invest in health care. Suggesting that the investment is too little would be a denial statement, everyday more and more patients are relying on programs such as Medicare and Medicaid to get the attention required at the moment. As the economic recession set in deeper less would be available to afford just the basic needs, medication or any treatment; unemployment rates are on the rise and it does not seem it would stop anytime soon. Although the new reform would try to establish some type of stability, until the insurance companies and policy makers come to an agreement to provide a universal premium for service which can be affordable for all, the same problems would continue to emerge. Many factors also have effect on spending considering for example the demand for new technology in the 21st century; this trend has become to some degree a factor in the rise on health care spending. Much of this new technology is beneficial if it provides a new way to used already establish technology, however many studies have revealed that most of them are only here to replace such technology and at some circumstances increase the cost of service. As a country a deeper consideration of such technology is needed not only to save money, but to invest wisely as to what would help the system cut in spending. Future economic needs of health care For years to come the enduring effects of the economic recession and slow recovery, due mostly because of partial growth in incomes, are expected to continue to limit health spending growth. In 2014 the coverage expansions laid out in the Affordable Care Act for Medicaid and for private health insurance are expected to increase the growth rate for health spending, with notable increases expected in spending on physician services and prescription drugs for newly insured patients. By the end of the year, higher income growth and the continuing shift of baby boomers into Medicare are expected to cause health spending to grow roughly two percentage points faster than overall economic growth, which is about the same differential experienced over the past thirty years. Therefore a necessary reform of a national health care perhaps would provide the change needed, the only issue with this suggestion is the funding. Thus a national health care would help every citizen reach the so needed medical attention required at an affordable price there is no surprise that the funding through Federal programs are thinning, and the cost of private insurance keeps on raising. Therefore a more evaluated reform should be put in place where the cost of care should be regulated, and more affordable options are given to the population; an increase on reimbursement of healthcare for basic health needs is necessary to subsidize the cost for complex health needs in order to keep the cost regulated. According to Centers For Medicare And Medicaid Services (2011), â€Å"In 2014, national health spending is projected to rise to 7.4 percent, or 2.1 percentage-points faster than in the absence of reform, as the major coverage expansions from the Affordable Care Act (ACA) are expected to result in 22 million fewer uninsured people† (National Health Expenditure Projections 2011-2021). Increases in Medicaid spending growth, and private health insurance growth will contribute to the overall acceleration in national health spending in 2014. There is no question that technology would also continue to raise to help the system provide the best and fast way possible services to those in need. Investing more in health care can only benefit the nation; however the right decisions needs to be made in order to keep the spending growth under control. Reference Centers for Medicare and Medicaid Services. (2012). Retrieved from http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/dsm-10.pdf Centers for Medicare and Medicaid Services. (2011). Retrieved from http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and -Reports/NationalHealthExpendData/Downloads/Proj2011PDF.pdf Martin A.B. et al., â€Å"Growth In US Health Spending Remained Slow in 2010; Health Share of Gross Domestic Product Was Unchanged from 2009,† Health Affairs, 2012. Physicians for a National Health Program. (2012). Retrieved from http://www.pnhp.org/news/2012/june/2012-health-care-spending-including-administration Rowan, K. (2012). Fox news.com. Retrieved from http://www.foxnews.com/health/2012/09/13/why-americans-prescriptions-are-going-unfilled/

Roth IRAS or Traditional IRAs :: essays research papers fc

Choosing Between Roth IRAs and Traditional Deductible IRAs The decision is complicated if you're eligible for both types of IRAs. With the creation of the Roth IRA and the liberalized eligibility guidelines for the traditional IRA, the vast majority of individuals are now eligible to make some sort of IRA contribution. IRA Eligibility All but the wealthiest of workers are eligible to contribute to a Roth IRA. Eligibility to make the maximum contribution to a Roth is limited to married couples with adjusted gross incomes of less than $150,000 and single individuals with incomes under $95,000. Smaller contributions are allowed for couples with adjusted incomes up to $160,000 and singles with incomes up to $110,000. Roth IRA contributions aren't deductible, but withdrawals are tax-free once the account has been open more than five years and you're over age 59 1/2. Fewer taxpayers qualify for traditional IRAs, where contributions are deductible, but withdrawals are taxed. But Congress loosened the eligibility requirements to allow many more taxpayers to take advantage of traditional IRAs than in the past. The Taxpayer Relief Act of 1997 raised the income-eligibility limits for taxpayers who participate in a 401(k) or are covered by some other employer retirement plan. Before the rules were liberalized by the 1997 tax act, a married couple above the income-thresholds could make deductible IRA contributions only if neither spouse was covered by a retirement plan at work. But this restriction was eased beginning with 1998 returns. If only one spouse is covered by an employer retirement plan, the other spouse will be eligible for at least a partial IRA deduction so long as the couple's joint income is below $160,000. If neither spouse is covered by an employer retirement plan, then both spouses can make deductible contributions to a traditional IRA, no matter how high their income. Roth IRA vs. Traditional IRA The decision about which type of IRA to set up will be a simple one for most higher-income taxpayers who will only be eligible for Roth IRAs, but the decision is complicated if you're eligible for both types of IRAs. There have been numerous articles in the financial press and advertising campaigns by financial institutions extolling the virtues of the Roth IRA. All the ballyhoo has made the advent of Roth IRAs seem like the financial equivalent of the Second Coming. And indeed, many people will find that the ability to make tax-free withdrawals from a Roth IRA is a more valuable tax benefit than getting an upfront deduction for contributions to a traditional IRA.

Report on Key Issues in Small Business Enterprises

| Key issues in small business enterprises| Personal Reflective Report| | Zdravko Mihaylov| BA (HONS) Business Enterprise Development2012| | Introduction Small business enterprises are important for the modern market economy in terms of innovation, employment and flexibility. They are the backbone of our economy. Around 98. 6% of all businesses are considered small (Goodman, 2006) and every large business was at some point small. Small business enterprises are very different to large business enterprises.They operate in different circumstances, such as having different management techniques, facing different financial constraints and production choices, and bearing different relative regulatory burdens. This report’s aim is to identify some of the key issues facing small business enterprises today, addressed in the Enterprise Finance unit, in order to give better view of the challenges presented in their survival and growth. Small business enterprises are often at a competitiv e disadvantage to large business enterprises.They may have difficulty achieving economies of scale, where large enterprises have already been well established, they often have difficulty in acquiring sources of finance and they may have problems with government policy and regulation, which are often designed to assist specifically large enterprises (Holmes et al, 2003). Other factors that may bring to small enterprise failure include: poor credit management, poor stock management, poor pricing practice, excessive profit distribution, excessive investment in long term assets and others (Holmes et al, 2003:142).They are very dependent on the founding owners and have higher business risk. Evaluation In summary, two broad forms of business failure can be identified. The first involves the start-up of the business, bankruptcy, liquidation, voluntary wind-up/closure. The second form is where the business continues to operate, but the return on capital, time and effort contributed by owner s is bellow the desired. Small business enterprises have difficulty competing with already established large enterprises.New enterprises rarely have the financial backing to set up a large-scale operation to take immediate advantage of scale economies. Except the challenges brought by the lack of history and reputation, a development of a price cutting war may become a great threat to small enterprises, as they may not have the financial capacity to withstand such competition. Some of the scale economies not available to small enterprises are listed in Figure 1. 1 in the Appendices. A way of overcoming those issues is adopting strategies to overcome some of the disadvantages or to target small niche markets in which to operate.Small business enterprises suffer from chronic undercapitalisation as they often have limited access to the capital and money markets (Tamari, 1980). Two main â€Å"gaps† can be identifies as responsible for that: Knowledge gap – lack of awarenes s of appropriate sources of finance and their relative merits resulting in restricted use of debt; Supply gap – unavailability of funds or exceeding cost of debt. Another barrier is the required higher rate of return on funds invested or lent due to the higher risk in small business enterprises (Storet, 1994).Problems can even arrive from the owners’ inclination of not wanting to share control of the business with investors. Other frequent cause of small business failure is the lack of liquidity or little financial planning and control. Two critical periods of financial needs are identified within the business life cycle: the start up and the rapid expansion. To overcome this problem and avoid overtrading1, a long-term finance source is needed. Different financial stress factors have also been identified by Hutchinson and Ray (1986) in each stage of the lifecycle, which can be seen on Figure 1. in Appendices. Another major challenge for small enterprises is the burden of complying with government regulations. Part of the burden problem can be attributed to poorly designed legislations. Two disadvantages are seen by this, listed in Figure 1. 2 in the Appendices. While a lot of studies show that small enterprises face a greater relative compliance burden than large enterprises, some consider that many of them ‘are so flawed that we must view their findings with scepticism’ (Brock and Evans, 1986: pp. 134-5).When looking at the small firm survival over a period of time, a key variable is net profit. It is defined by subtracting all operational costs from gross profits and the costs of closing down a business. For staying in business over a period of time, it is required that net profit should not fall below zero. In case of being positive, the firm might have some prospect for growth, while in case of being zero, it is just breaking even. If it stays negative for a period of years, it invites failure and exit from the market.Thus one mi ght express that for staying in business, net profit should be non-negative. Small business enterprises usually have centralized control by the owner, thus his managing skills are critical for the survival of the business. Perry and Pendelton (1983) estimated that 90% of the business failures are associated with management inexperience and/or incompetence. It has been identified that managerial roles relate to the lifecycle of a business enterprise (Holmes et al, 2003:150), so different managerial skills are required for each lifecycle stage.In other words, if owners do not have the necessary managerial skill for each stage, the business might be at a great risk. Conclusion The objective of this project was to determine the key issues facing small business enterprises today, discussed in the Enterprise Finance unit, and to draw the knowledge gained. Firstly, the report begins with analysis of the disadvantages of barrier of entry, Overtrading1 – when a business expands withou t a solid financial foundation financial and government regulation issues of small enterprises.The report continues with examination of the survival over a period of time and the role of the owner-manager in small business enterprises. The issues listed in this report cannot be generalised for all small business enterprises, as each one has a unique structure, resources and capabilities. Further research may be required in this area before any decisive conclusions can be drawn. Bibliography Brock, W. A. , & Evans, D. S. (1986). The Economies of Small Businesses: Their Role and Regulation in the US Economy. Holmes and Meier: New York. Goodman, G. (2006).Five Challenges Every Small Business Owner Faces. From http://ezinearticles. com/? Five-Challenges-Every-Small-Business-Owner-Faces&id=158921 Holmes et al. (2003). Small Enterprise Finance. John Wiley & Sons Australia Ltd: Sydney Perry, C. , & Pendelton. W. (1983). Successful Small Business Management. Pitman Publishing: Sydney. Store y, D. J. (1994). Understanding the small business Sector. Routledge: London. Tamari, M. (1980). The financial structure of the small firm. American Journal of Small Businesses, 4:4 20-34. Appendices ————————————————-Figure 1. 1 Scale economies of large enterprises, not available to small enterprises | Longer production runs based on larger and more technologically advanced plant and machineryQuantity discounts on input purchasesEmploying specialistsMore widespread advertisingAccess to more forms of finance on better terms and conditionsMore sophisticated information gatheringLower unit costs in complying with government regulations and reporting obligations| (Adopted from Holmes et al. , 2003, pp. 52-53) ————————————————- Figure 1. 2 Government regulation disadva ntages |A greater relative cost burden in complying with many forms of government regulation, because of the substantial fixed costs involvedGovernment policy measures being designed to assist large enterprises more than small enterprises| (Adopted from Holmes et al. , 2003, pp. 54) ————————————————- Figure 1. 3 A view of the financial lifecycle of a smaller growth enterprise Stage| Finance used| Predominant financial stress factor| Inception| Owner’s resources| Undercapitalisation| Growth 1 (Take-off)| Owners’ resources plus retained profits, trade credit,

Chapter Practice

QuestionAnswerthe trend towards worldwide markets makes it easier to predict where competitors will spring up. true or false?falsebecause many countries are investing in countries other than their own, each country is becoming more autonomous and independent. true or false?falsean advantage of international expansion is that competition within foreign countries is generally very similar to that of the US. true or false?falseIn michael porter's â€Å"diamond of competitive advantage† there are 4 broad attributes that, as a system, constitute a nation's competitiveness in an industry. true or false?truethe factor endowments of a country are inherited and cannot be created. true or false?falsewith regard to factor conditions the pool of resources that a firm has is much more important than the speed and efficiency with which these resources are deployed. true or false?falsedemanding domestic consumers tend to push firms to move ahead of companies in other countries where consumer s are less demanding and more complacent. true or false?truehigh levels of environmental awareness in Denmark have led to a decline in Denmark's industrial competitiveness in the international marketplace. true or false?falsecountries with a strong supplier base benefit by adding efficiency to upstream activities. true or false?truetypically, intense rivalry in domestic markets does not force firms to look outside their national boundaries for new markets. true or false?falsemany international firms are increasing their efforts to market their products and services to countries such as India and China as the ranks of their middle class continue to increase. true or false?trueinternational expansion can extend the life cycle of a product that is in its maturity stage in a firm's home country. true or false?truean advantage of international expansion is that it can enable a firm to optimize the location of every activity in its value chain. true or false?truethe laws, and the enforcem ent of laws, associated with the protection of intellectual property rights, represent a significant currency and management risk to multinational firms. true or false?falsedifferences in foreign markets such as culture, language, and customs can represent significant management risks when firms enter foreign markets. true or false?trueoffshoring takes place when a firm decides to shift an activity that they were previously performing in a domestic location to a foreign location. true or false?true2 opposing pressures that managers face when they compete in foreign markets are cost reduction and adaption to local markets. true or false?truetheodore levitt has argued that people around the world are willing to sacrifice preferences in product features, functions, and design if they are offered lower prices and high quality. true or false?trueamong theordore levitt's assumptions that would favor a global strategy is that consumers around the world are becoming less price sensitive. tr ue or false?falsewithin a worldwide market, the most effective strategies are neither purely multidomestic nor purely global. true or false?trueindustries in which proportionally more value is added in upstream activities are more likely to benefit from a global strategy than those in which more value is added downstream. true or false?truein a global strategy a firm operates all its businesses under a single common strategy regardless of location. true or false?truea multidomestic strategy is the most appropriate strategy for international operations because it drives economies of scale as far as possible and provides a middle of the road product appealing to the largest number of consumers in every market. t or f?falsethe need to attain economies of scale encourages multinational firms to operate under a multidomestic strategy. true or false?falsecorporations with multiple foreign operations that act very independently of one another are following a multidomestic strategy. true or false?truea multidomestic strategy would likely include the use of high volume, centralized production facilities to maximize economies of scale. true or false?falsea limitation of a multidomestic strategy is that it may lead to overadaptation as conditions change. true or false?truemultinational firms following a transnational strategy strive to optimize the tradeoffs associated with efficiency, local adaptation, and learning. true or false?truea key tenet of transnational strategy is improved adaptation to all competitive situations as well as flexibility by capitalizing on communication and knowledge flows throughout the organization. true or falsetrueaccording to studies by Rugman and Verbeke, most of the world's 500 firms are global- not regional or biregional. true or false?falsea franchise generally expires after a few years whereas a license is designed to last into perpetuity. true or false?falsetypically joint ventures involve less control and risk than franchising. true or false?falsetypically the best method of entry into a foreign market is the establishment of a wholly owned foreign subsidiary so that the parent organization can maintain a high level of control. true or false?falsea major trend in international developments include:greater international trade and operations, growing recognition of an international managerial perspective, a large increase in international investmentthe reasons that explain why some governments make better use of the inflows from foreign investment and know how than others include:governmental practices that are business friendly, local entrepreneurs that can train workers and invest in modern technology, sound management of broader economic factors such as interest rates and inflationaccording to michael porter's framework all of these factors affect a nation's competitivenessfactor conditions, demand characteristics, related and supported industriesrivalry is intense in nations with conditions of ____ consumer d emand, _____ supplier bases, and _____ new entrant potential from related industriesstrong, strong, highaccording to michael porter, firms that have experienced intense domestic competition are:more likely to design strategies and structures that allow them to successfully compete abroad.all of these factors have made India's software services industry extremely competitive on a global scalelarge pool of skilled workers, large network of public and private educational institutions, large, growing market and sophisticated customersadvantages of global diversificationfirm not being solely dependent on domestic market, firm with large margins at home helping subsidize its operations in other nations, potential to lower costs of operation even if the primary market is at homeoptimizing the location of every activity in the value chain can yield all of these strategic advantagesperformance enhancements, cost reduction, extending the life cycle of the product or serviceMicrosoft decided t o establish a corporate research laboratory in Cambridge, Englandto access the outstanding technical and professional talent available there so that they can attain world class excellence in selected value creating activitiesthe sale of boeing's commercial aircraft and microsoft's operating systems in many countries enable these companies to benefit from:economies of scaleMany US multinational companies set up maquiladora operations south of the US-Mexico border primarilyto take advantage of the low cost of laborappreciation of the US dollar will have this impact on McDonaldslower profits, because foreign profits will be reduced when measured in dollarsThis occurs when a firm decides to utilize other firms to perform value-creating activities that were previously performed in houseoutsourcingwhat is one of Theodore Levitt's assumptions supporting a pure global strategy?MNCs can compete with aggressive pricing on low cost products that meet the common needs of global consumerspressur es to reduce costs require thata company must pursue what is economically beneficial to the company including maximizing economies of scale and learning curve effectsLow pressure for local adaptation combined with low pressure for lower costs would suggest what type of strategy?internationalHigh pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?multidomesticSoftware Tech Inc. a company in the computer software industry, invests heavily in R&D and product design. Thus, most of its value is addedupstreamIndustries in which proportionally more value is added in _____ activities are more likely to benefit from a ______ strategy.upstream, globalWhat types of international firms are most likely to benefit from a global strategy as opposed to a multidomestic strategy?firms in industries that have much value added in research and design or manufacturingRecent trends that might lead to managers of multinational corporat ions to adopt a more decentralized strategy for their operations would includeconsumers are the world are increasingly willing to trade off idiosyncratic preferences in product features for lower price, flexible mftg trends have allowed a decline in the min volume required to reach acceptable levels of production efficiencyFirms following a global strategy strive to offer ______ products and services as well as locate manufacturing, R&D, and marketing activities in ______ locations.standardized, fewGillete's worldwide success with its Sensor razor demonstratesthat a global marketing effort can sometimes be successfulas in the case of Siebel systems, elements of a global strategy may facilitate the competitive advantage of differentiation bythe creation of a world wide network to achieve consistent service regardless of location.risks associated with global strategyfirm with only one mfg location must export its product, geographic concentration of any activity may also tend to isola te that activity from the target market, concentrating an activity in a single location makes the firm dependent on that locationlimitations of global strategy:limited ability to adapt to local markets, concentration of activities may increase dependence on single facility, single locations may lead to higher tariffs and transportation costsElements of a multidomestic strategy may facilitate the competitive advantage of cost leadership bydecreased shipping and transportation costs inherent in local productionlimitations of a multidomestic strategyless ability to realize cost savings through scale economies, greater difficulty in transferring knowledge across countries, may lead to overadpatation as conditions changehigh pressure for local adaptation combined with high pressure for lower costs would suggest what type of international strategy?transnationalUnits coordinate their activities with headquarters and one another, units adapt to special circumstances only the face, and the e ntire org draws upon relevant corporate resources. These are attributes of:transnational strategyWhat is a disadvantage of a transnational strategy?unique managerial challenges in fostering knowledge transferin order to realize the strongest competitive advantage, firms engaged in worldwide competition mustpursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal resultsAccording to studies by Rugman and Verbeke, approx how many of the world's largest 500 firms are global, that is, they have at least 20% of their total revenues each in North America, Asia, and Europe?10What describes the most typical order of entry into foreign markets?exporting, licensing, franchising, joint venture, and wholly owned subsidiarya domestic corporation considering expanding into international markets for the first time will typicallyconsider implementing a low risk/low control strategy such as exportingThe form of en try strategy into operations that offers the lowest level of control would be:exportingFees that a multinational receives from a foreign licensee in return for its use of intellectual property are usually calledroyaltiesthe difference between a franchise and licensing contract is thata franchise contract is more specific and longer in duration_________ entails the creation of a third party legal entity; whereas _______ do not.joint ventures, strategic alliancesa business in which a multinational company owns 100% of the stockwholly owned subsidiaryThis is most appropriate where a firm already has the appropriate knowledge and capabilities that it can leverage rather easily through multiple locations in many countrieswholly owned subsidiaries

Parents should not be informed that their teen is requesting abortion essays

Parents should not be informed that their teen is requesting abortion essays I feel that parents should not be informed that their teen is requesting an abortion because it will lead to more teenagers giving birth to unwanted children, unsafe and illegal abortions, infant abandonment, and even worse, infant murder. Within the past few years, infant killing by teenagers is on the rise. In one case, a teen hid her pregnancy and nine months later gave birth to the baby boy in the family basement. Afterward she placed the infant in a garbage bag, leaving him for dead. Admittingly, most teens will not resort to such drastic measures. However, the teen admitted that she was afraid to tell her mother because she claimed her mother told her after her first abortion the year prior, "This better not happen again." I feel the teen was placed in a desperate situation, not wishing to disappoint her family, particularily her mother after being warned, yet not fully understanding the devastating impact er actions would place on her and her family for the rest of their lives. Only when a teen stops denying the pregnancy can she confide in her parents. Even if a pregnant teen feels she has one supportive parent, many will still deny the pregnancy for a while. In an abortion procedure, timing is crucial, as most states have laws that ban abortioon after 22 weeks gestation, unless the mother's life is in danger. At least in a supportive environment, that is uncondidtional, non-threatening, the teen and parent/s can decide which is the better choice, given the circumstances. On the contrary, if the teen knows the news of her pregnancy will only bring verbal ridicule and harassment, and knows if she tries to obtain a legal abortion, her parents will be notified, this additional stress will only prolong the denial. This denial could go on throughtout the pregnancy, even throughout the birth process. The message this law sends is: A teenager can become a mother without parental notification, but she ca...

Companys reputation Essays

Companys reputation Essays Companys reputation Essay Companys reputation Essay Filmmaker Morgan Spurlock undergoes one of the countless tests he subjected himself to while filming his first feature, Super Size Me. During the film, which examines the obesity epidemic overcoming America, Spurlock took the fast track to becoming an obese American and ate nothing but McDonalds for 30 days straight with dramatic results. 5 Events reported in the media, such as incidents involving food-borne illnesses or food tampering, whether or not accurate, can cause damage to the Companys reputation and swiftly affect sales and profitability. Incidents like these are very detrimental to a company because it is so damaging to the companys brand name and reputation. The affect on sales is immediately felt, even if the incident is are accurate or not, the risk is very real. Company Overview Wendys A fast food chain based in Dublin, Ohio founded by Dave Thomas and Robert Barney, in 1969. It was named after Daves daughter, Melinda, who had the nickname, Wendy. There are 6,600 restaurants worldwide. 7 Wendys is famous for its chili, frosty, and square hamburgers. One of their most famous campaigns featured actress Clara Peller inWheres the Beef? This phrase entered into American Pop Culture. (Interesting note: Clara Peller was fired from Wendys because she did a Prego commercial saying she finally found the beef. ) Clara was replaced by the founder Dave Thomas as their spokesman until his death in 2002. Internationally Wendys has 718 stores located from Aruba, Guam, Japan, to the United Kingdom. Competition has forced them out of certain areas. They did own Tim Hortons and Baja Fresh until their sales in 2005, 2006. The Company intends to expand into the breakfast day part, where competitive conditions are challenging, the Wendys brand is not well known and markets may prove difficult to penetrate. They plan to expand breakfast to more than 50% of its restaurants by late 2008. As a result of the foregoing, breakfast sales and profits there from may take longer to reach expected levels or may never do so. 8 McDonalds McDonalds was founded by Raymond Albert Kroc in 1955 with brothers Dick and Mac McDonald. Ray mortgaged everything moved west to sell multi-mixers at the age of 54 In 1965 McDonalds had its initial public offering. A hundred shares of stock valued at $2,250 would have been worth $3. 3 million on December 31, 2006. McDonalds operates approximately 550,000 restaurants in the U. S. generating $365 billion in annual sales and employs 465,000 people. They also operate in more than 100 countries worldwide. McDonalds owned Chipotle and Donatos pizza until they were sold in 2004, 2005. They currently operate Boston Market. McDonalds serves breakfast, lunch and dinner and has even created niche menu items like gourmet coffee to compete with Starbucks. McDonalds has an aggressive strategy they call the, Plan to Win. It outlines how to grow the company, generate revenues, and keep McDonalds an industry leader. Lets take a look at some numbers. Ratios Capital Solvency Total Debt Ratio: Total Liabilities/Total Assets This is a ratio that is good measure to compare companies without getting too complicated, a feel for the companies. As an investor it helps me determine a companys level of risk. Compared to the industry both companies have a better debt ratio, however, I did notice one trend (see common size balance sheet, below). Wendys assets have been declining because of financing and restructuring. In 2005 and 2006 they sold off Tim Hortons and Baja Fresh. Long term assets, Good will, property and Equipment have all decreased. In reality, almost all their assets have decreased since 2002. The only things that did not decrease were cash and accounts receivable, which make sense due to sale of Tim Hortons and Baja Fresh. Since Wendys is trying to find a buyer Id say the company is trying to trim off all the fat from the company by closing unprofitable stores and selling its interests to look more attractive. Wendys better hope they find a buyer because they are not setting themselves up for the long run. McDonalds, on the other hand, is very consistent. Liabilities have steadily been decreasing relative to assets causing their ratio to go lower. McDonalds has better managed their assets and liabilities and continued growth. Total Debt to Equity ratio- Total Liabilities/Shareholders Equity This ratio is important to an investor because it reveals the extent to which management is willing to fund its operations with debt, rather than using equity. A higher ratio also means there is more risk of loans not being paid and then investors might have to put more money into the company themselves. Wendys total liabilities have been increasing relative to equity. McDonalds liabilities have been decreasing relative to equity. Each company places in the middle to upper quartile against the industry. During 2006 Wendys announced a restructuring program to eliminate approximately $100 million of costs, including $80 million from its reported continuing operations. Although some of the savings from this effort were realized in 2006, most of the savings will be realized in 2007. 9 Wendys is trying to increase shareholders equity by doing a buyback: The Company repurchased 26. 2 million shares in 2006 for $1. 0 billion, including 22. 4 million shares for $804. 4 million in a modified Dutch Auction tender offer in the fourth quarter. 10 McDonalds is, again, very consistent. This is what I want to see. While this ratio is not very alarming in that both are doing fairly well, the bigger question is if Wendys is doing the buyback to improve financial ratios like P/E or Earnings Per Share to look more attractive to a buyer. If they are then the buyback is detrimental to shareholders in the long run. Liquidity Current Ratio This is considered to be the standard measurement of a business financial health. Is a company able to meet its current obligations by measuring if it has enough assets to cover its liabilities? Both companies place in between the lower and middle quartile against the industry. At first glance it looks as though Wendys is doing a good job. Current Assets are increasing relative to current liabilities; however, we know this was due to the sale of Baja Fresh and Tim Hortons. Current Assets are great due to the sacrifice of long term assets.