Financial Analysis - 2455 Words

Brazilian Beer Merger Negotiations: Companhia Cervejaria Brahama, S.A Name of Student Name of Institute Date Table of Contents Executive Summary 3 Issues: 4 Recommendations: 4 Value of synergies and intrinsic value per share of Antarctica 5 Form of payment; Cash or common stock? 5 Share-for-share transaction 7 Term sheet and its components 8 Economic Analysis 8 Recommendation 9 Executive Summary In 1999, the CEO of Companhia Cervejaria Brahama (largest brewer in Brazil) was considering the bit for Antarctica (second largest brewer in Brazil). The purpose for this merger was to exploit the potential synergies and avail the economies of scale. The secondary motive was to raise the barriers to entry to the industry†¦show more content†¦Terminal value is calculated by divided the synergies of one year to the weighted average cost of capital. Form of payment; Cash or common stock? Once the prices would be finalized by both of the companies, the next step would be determining the method of consideration. There are commonly two methods that the companies considers, those are cash payment or share for share exchange. From the Antarctica’s point of view, an investment issue is the question. Should the Antarctica reinvest the amount in Newco (that means Brahama including Antarctica) to benefit from higher value and potential synergies? Or should Antarctica take the cash payment in order to reinvest somewhere else in the market or in another assets. This depends principally on the Antarctica’s portfolio strategy, its objectives for risk and return and investment barriers for example liquidity, tax concerns, time horizon, legal and regulatory factors and other choices. From the Brahama’s point of view, the form of payment could be the financing issue. It could influence the impact on balance sheet and the capital structure. To acquire Antarctica, Brahama need to pay $5130 million by either the issuance of equity of the debt. Therefore, both viewpoints must be settled down in order to have the deal successful. There are several elements to be considered when choosing between the two forms of payments. When submitting an offer, the Brahama shouldShow MoreRelatedFinancial Statement Analysis : Financial Analysis1558 Words   |  7 Pagesyou hear the phase financial statement analysis, one wonders what is stands for. financial statement analysis is one of the most important part of any company to be successful. The reason companies rely on financial statements is for the company to come profitable even if the company is small or large. When companies use financial statement, it helps them to see if they are being profitable, by being used in different areas and reviewed by different departments. Chief Financial Officer and other executivesRead MoreFinancial Statement Analysis : Financial Analysis759 Words   |  4 PagesWoolworth Financial Analysis Financial statement analysis assists a business entity, business shareholders and other people interested, to analyze the figures in financial statements to present them with superior information about such most important factors for decision making and ultimate business survival. As exemplified by Gibson (2001), income statement, balance sheet, and cash flow statements project the financial performance a company at the present and probably the future. According to theRead MoreFinancial Analysis1076 Words   |  5 PagesCango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measuredRead MoreFinancial Trend Analysis Of Tata Steel Ltd Essay1257 Words   |  6 Pages TERM PAPER ON â€Å"Financial Trend Analysis Of TATA STEEL Ltd.† BY SAMIKSH SHARMA {A3146915005} B.Com (H) – Evening Class of 2015-18 Under the Supervision of: Dr . ATUL KUMAR In Partial Fulfilment of the Requirements for the Degree of Bachelor of Commerce (Honours) At AMITY COLLEGE OF COMMERCE AND FINANCE AMITY UNIVERSITY UTTAR PRADESH, 2015-18 INDEX S.NO CONTENTS PAGE NO 1. TITLE PAGE 01 2. INDEX 02 3. DECLARATION FORM 03 4. ACKNOWLEDGEMENT 04 5. EXECUTIVE SUMMARY 05 - 06 6. INTRODUCTIONRead MoreFinancial Analysis of Lee College1527 Words   |  7 PagesFinancial Analysis of Lee College Not-for-profit organizations are required to produce financial statements that provide information about their financial position and performance. Lee College is a private, not-for-profit college that prepares its financial statements in accordance to the accounting standards of the National Association of College and University Business Officers (NACUBO). I will prepare a Statement of Activities, a Statement of Unrestricted Revenues, Expenses, and Other ChangesRead MoreFinancial Analysis : Financial Information970 Words   |  4 PagesFinancial ratios make it easier for quantitative analysis, where financial information is analysed by investors, as the numerous numbers contained in a company financial statement can leave them confounded. There are five to six main types of financial ratios including liquidity measurement ratios, profitability indicator ratios, debt ratios, operating performance ratios and cash flow indicator ratios (Richard Loth, n.b and Jim Riley,n.b)1 and 2. However, these can be grouped into two principal categoryRead MoreFinancial Analysis2238 Words   |  9 Pagestimes | Apendix: Ratios of the Grand Hotel Financial analysis | | | Financial ratios are useful tool to analyze the firm performance and financial situation or to compare the firm’s financial situation with other. It will help managers or the board of director to make good decisions in their performance and future prospects. Financial ratios could be classified into five types: profitability, liquidity, financial leverage, asset turnover, and dividend policy ratios (PaulineRead MoreFinancial Analysis4661 Words   |  19 PagesFinal Project – Financial Analysis Beatrice Valdez, MBA Student Capella University MBA 6016 Finance and Value Creation [ May 16, 2012 ] Michael Blagg, Professor Table of Contents Executive Summary | | 3 | Historical Financial Statement Analysis: Financial Ratios | | 3-4 | Balance Sheet | | 4-6 | Income Statement | | 6 | Statement of Cash Flows | | 6 | Pro-Forma Financial Statements | | 7 | Balance Sheet Pro-Forma | | 7-8 | Income Statement Pro-Forma | | 9 | CashRead MoreFinancial Ratio Analysis : Financial Ratios Analysis1634 Words   |  7 Pages UNIVERSITY OF HOUSTON CLEAR-LAKE HADM 5233: FINANCIAL MANAGEMENT II ASSIGNMENT: FINANCIAL RATIO ANALYSIS UHCL Honesty Code â€Å"I will be honest in all my academic activities and will not tolerate dishonesty.† Uday Sekhar Reddy Mareddy Read MoreFinancial Analysis : Japans Financial Markets1191 Words   |  5 PagesINTRODUCTION In March 2015, Japan’s Financial Markets Agency for the first time in its history set out Corporate Governance Code and a year earlier Stewardship Code. Even though some efforts towards corporate governance and transparency have been made in Japan previously, specifically introduction of dual system in 2003, they did not gain popularity. Only 40 out of 3,000 firms adopted this system immediately rising to 112 five years later. However, these codes were necessary due to the pressure

Friendships Should Not Be Based On Social Media - 1253 Words

Friendships in the 21st century do not have the same importance and worth as they used to. Friendships now are seen as being friends on social media but never speaking a word to each other in real life. Saying hi s and hellos in the hallways , but not a word more. Friends should be a tight knit community where one can relax in an environment of love, affection and safeness. Where they can be vulnerable and comfortable enough to share their fears and their secrets. Friends know us better than we know ourselves, they have been with us from the beginning . The eye contacts that are made when someone s talking has gotten too much, the inside jokes that only you guys know. Friendships should not be based on social media nor how popular a person is. They should be based on a persons personality their character. For viewers in 2015, Friends disrupts the current value placed on friendship. From our first cry to final breath, we have developed friendships throughout our lives. There are countless articles that argue whether or not people who have had stable friendships at a young age affect their personalities and characteristics as they age. In Thomas Berndt’s â€Å"Friendship Quality and Social Development, the paper argues that those who have stable relationships as a child and continue as they grow up show signs of social stability, intimacy, and low levels of conflicts and rivalries, but those who do not are more shy and withdrawn (1). This is very important because,Show MoreRelatedI Get By With A Little Help From My? Essay1305 Words   |  6 PagesI get by with a little help from my†¦? In Curtis Silver’s essay titled â€Å"The Quagmire of Social Media Friendships,† He describes the realization of what a true friend is. With millions of people on social media, anyone can feel as though they have achieved rock star status. This is the ruse social networking sites like Facebook and twitter cause. Having thousands of â€Å"friends† on social media accounts has changed the true meaning on how people connect on a personal level. The question is, is it evenRead MoreThe Industrial Revolution And Agricultural Revolution1509 Words   |  7 Pagesof correspondence today is social media, particularly Facebook. In developing and maintaining friendships with others online, relationships are both strengthened and weakened by the barriers and networks formed through social media. As a result, sites like Facebook create a communication gap between those whose friendships are dependent upon social media, leaving numerous traits of the individual and the group up for debate. Most importantly, the influence of social media sites is slowly working toRead MoreRelationships Affected By Media1112 Words   |  5 Pages The media The media can come in many forms. From social media, magazines to Television. Although there are fundamental differences the core purpose of all media is communication. Whether it be to inform, entertain or advertise. Communication Communication comes in many forms as well. For example: written or spoken communication. These all involve the the exchange of information through different medias. In order for communication to be carried our correctly, understanding must be accomplishedRead MoreThe Factors That Shape An Individual s Self Concept Essay1663 Words   |  7 Pageslf-concept refers to the mental image or idea that an individual holds regarding themselves. An individuals’ self-concept continually develops in each of the life stages and is seen to be closely related to the social as well as the emotional development. As such, a person views themselves differently depending on the environment in which they are. Self-concept in an individual takes various steps to being formed. The most important step is the initial one which happens while one is still a childRead MoreTim Berners-Lee and Robert Cailliau and the Internet1476 Words   |  6 Pagesof a friend is lost because of the indecency of social media. The growth of social media causes people to question what a friend is because people do not understand the difference between interacting face to face, rather than socializing on the web. As more social media sites come to the market, people are social without going out. The growth of social media causes people to think, act, and interact differently, causing the meaning of friendship to be lost, because of the growth of the web. SocializingRead MoreTardanico discusses how lack of face-to-face communication can lead to miscommunication. She starts1100 Words   |  5 PagesTardanico discusses how lack of face-to-face communication can lead to miscommunication. She starts off the article with an anecdote about a mother texting her daughter who is away at college and based on the messages exchanged the daughter seems to be doing just fine. She used various emoji’s expressing happiness. No one knew that she had been isolated in her room portraying signs of depression, an entirely different world from the one portrayed on Facebook, Twitter, and to her mother. â€Å"Awash inRead MoreRelationship Between Relationships And Relationships1471 Words   |  6 Pagesit will not. Friendships are unique relationships because unlike family relationships, we choose to enter into them. A friend is a person cable of loving regardless of whether he is being loved or not. Friendships can exist between same sex: man-man, woman-woman, or opposite sex: man-woman. It transcends age and could subsist between even an old man and small boy. Human beings also establish relationships with their pet such as cats, dogs, horses, doves, and even parrots. Friendships can also beRead MoreNegative Effects Of Social Media1352 Words   |  6 Pageseasier contact and introduction. Social media is a powerful means of this. Through social media, people are able to connect through common interests and ideas. With these connections, fewer people feel alienated and the overall the mental health of some individuals could improve. Studies have been done to prove this unpopular theory. Social media also provides an avenue for people to plan events more easily and meet in groups. Young can acquire beneficial social engagements. College students areRead MoreHow Social Media Has On Our Society101 0 Words   |  5 PagesIn â€Å"Faux Friendship,† associate professor William Deresiewics discusses the affect that social media has on our society. Deresiewics originally published this piece in The Chronicles of Higher Education in December 2009, but this piece has been published in The Nation, The American Scholar, The London Review of Books, and The New York Times. Deresiewics’ attempts to convince readers that social media take away our ability to build relationships in person. Despite Deresiewics’ appeal to ethos andRead MoreSocial Media Has Affected The Way Human Interact With Each1402 Words   |  6 PagesSocial media has affected the way human interact with each other. Social media is websites and applications that enable users to create and share content or to participate in social networking, which involves Facebook, Twitter, Instagram, and Snapchat. Adolescents use social media to make relationships that are really interment, but could be dangerou s. Most adolescents do not interact with one another in person as much they use to before social media. Adolescents would rather video chat and message

ERG Motivation Theorys analysis. free essay sample

Theory is created by Clayton Alderfe. This theory is modification of Maslows hierarchy of needs. Maslows theory organized of five needs but ERG Theory consist of 3 basic human needs and grouped under 3 categories existence, relatedness, and growth. Existence needs include physiological and safety needs of physically relevant person, such as the need for food, shelter, and safe working conditions. Relatedness needs include the need for a person to interact with others, get public recognition, nd feel safe around people. Growth needs consist of self-esteem through personal human achievement, as well as the concept of self-actualization, represented in the Maslow model. Difference between Maslow Need Hierarchy Theory and Alderfers ERG Theory For example, the ERG theory need not take in any particular manner and clearly recognize that more than one need may operate at any given time. In addition, the theory has frustration-regression aspect. ERG Theory also shows that if the fulfillment of a higher-level need is low, there is an increase in desire for satisfying a ower-level need. We will write a custom essay sample on ERG Motivation Theorys analysis. or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Maslow, an individual remains at a particular need level until that need is satisfied. While according to ERG theory, if a higher- level need enhance, an individual may revert to increase the satisfaction of a lower- level need. This is called frustration- regression aspect of ERG theory. For instance- when growth need enhance, then an individual might be motivated to accomplish the relatedness need and if there are issues in accomplishing relatedness needs, then he might be motivated by the existence needs. Thus, frustration can result in regression to a lower-level need. While MasloWs need hierarchy theory is rigid as it assumes that the needs follow a specific and orderly hierarchy and unless a lower- level need is satisfied, an individual cannot proceed to the higher-level need. ERG Theory of motivation is very flexible as he perceived the needs as a variety rather than perceiving them as a hierarchy. According to Alderfer, an individual can work on growth needs even if his existence or relatedness needs remain unsatisfied. Thus, he ives explanation to the issue of starving artist who can struggle for growth even if he is hungry. Although not fully tested, ERG theory seems to explain the dynamics of human needs in organizations reasonably well. It provides a less rigid explanation of employee needs than MasloWs hierarchy. Human needs cluster more carefully around the three categories proposed by Alderfer than the five categories in MasloWs hierarchy. The combined processes of satisfaction-progression and frustration-regression also provide a more accurate explanation of why employee eeds change over time. Overall, it seems to come closest to explaining why employees have particular needs at various times. How the ERG theory could be used Alderfers ERG theory can be used to explain someones motivation to work in a Job because the theory is applicable to many different relations of employees. An effective manager has to understand where a particular individual might exist in the particular set of needs to an applicable situation. For example, if someone started in a Job and needs the financial security of a position in order to make easy other costs nd expenses, they might be in the Existence needs. Perhaps, their motivation can be increased with incentives and some bonuses. Since their needs caused by necessity for basic material needs, stimulate their work in this area may lead to an increase in their motivation to work in a particular Job. For a worker who thrives on interpersonal connection and the acknowledgement from others, their needs are in the Relatedness sector. If these individuals could find greater motivation if they were placed in a position where their interpersonal needs or strengths could be alidated, then there could be greater motivation for these individuals to perform better and maximize output at their Jobs. Finally, the needs for reflective Growth indicate that an individual has reached a point where they wish to advance personally and move into a area of professional development and enhancement. For these individuals, their motivation might exist in looking at their Job as a vocation and seeking to advance within it. Constructing avenues of professional growth and development could enhance the work motivation for these individuals as it fits their needs. The ERG model is fluid, in that simultaneous needs could be seen in one employee.

Student Nurses Perceptions of Gender free essay sample

Though they may be half a world away, nursing schools in India face problems similar to those in the United States when it comes to recruiting men. The results of this research of nursing students in Pondicherry, India, may surprise you. by S. Sridevy, B. S. N. , M. S. N. , M. A. , M. Phil. †¢ RSS †¢ Print †¢ E-mail †¢ Comment †¢ MN 2011 Spring [pic] Though they may be half a world away, nursing schools in India face problems similar to those in the United States when it comes to recruiting men. The following study sought to discern the opinions of 78 senior nursing students studying in and around Pondicherry, India, regarding gender roles in their field. It aimed to determine the following: 1. Whether nursing students have different opinions of what professional roles male and female nurses should occupy. 2. Whether gender affects the image and status of the nursing profession. The results of the survey indicated that most of the nursing students prefer men to occupy administrative or teaching positions. We will write a custom essay sample on Student Nurses Perceptions of Gender or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Additionally, there were statistically significant results between female and male students perceptions surrounding the effect of males on the image and status of nursing. These findings may impact local nursing education recruitment programs for both men and women, and perhaps the health service organization as a whole. Men in nursing Though they still represent a slim minority, men are increasingly pursuing careers in nursing, attracted by abundant job opportunities, good salaries, and the opportunity to make a difference in peoples lives. This is in no small part due to the fact that the nursing profession has worked for years to dispel misconceptions surrounding men in this female-dominated field. What is interesting about todays perceptions of gender in nursing is that until the days of Florence Nightingale in the late 19th century, nursing was a male-dominated profession. 1  Nightingale considered nursing a suitable job for women because it was an extension of their domestic roles. Her image of the nurse as nurturing, domestic, humble, and self-sacrificing became prevalent. Qualities associated with women, like compassion and dependency, align with those often attributed to nurses. 2  In modern times, the social construction of the role of a nurse has typically meant a caring, hardworking woman. Nursing, in the span of Nightingales lifetime, became identified as a profession deeply embedded in the female gender. 3 On the other side of the gender divide, men who enter nursing may still face questions about their masculinity or sexuality. Sociologists describe sex role socialization as instrumental for men and expressive for women. The characteristics of instrumental socialization include aggression and the ability to compete, lead, and wield power to accomplish tasks. Expressive socialization includes learning to nurture and be sensitive to needs of others. Many female dominated positions, including nursing, have difficulty attracting male recruits. This can be attributed in part to issues such as status and pay, but also to the gender stereotyping of the profession. Although the number of males in nursing has increased in recent years, the underlying feminization of nursing is still an important issue.   Persistent and outdated gender stereotypes are a big part of the problem. [pic] Today, men still only make up between 5%–10% of the nursing workforce in the United States, United Kingdom, and Canada. Although its a small percentage, todays statistics actually represent an over 20% increase in the number of male nurses in the past two decades. 5There are many supposed reasons for the lack of men in nursing. For example, if a mans peers consider nursing emasculating, he has a disincentive for becoming a nurse. Another reason suggested is the lower economic status associated with the nursing field. 3  However, the most commonly proposed reason is that men are less likely to enter jobs associated with women than women are to enter those positions traditionally held by men. Despite the obvious disproportion of male nurses to all men, studies have also shown men are overrepresented in senior nursing posts. 2  They achieve promotion more quickly than women at all levels of the nursing hierarchy above the entry-level positions. This could be attributed to the vast difference in the number of female nurses who work part time, compared to part-time male nurses. Some researchers suggest that managers perceive part-time female staff to be less attached to their careers. 7  Studies have consistently reported that one of the major reasons for womens slower progress in nursing is the number and length of career breaks taken, particularly to have children. One such study indicated that women were 10 times more likely than men to have taken a career break to care for children.   Furthermore, male nurses may be thought to bring stability to the nursing profession, which had always been considered at the mercy of marriage and motherhood, reflecting hidden advantages for men and disadvantages for women. 1 Study specifics Participants were assured informed consent and confidentiality. All students received an explanation of the study before introduction of the questionnaire, and only those who agreed to participate continued. Students names were not sought in the questionnaires and their confidentiality was respected. Sixty-two percent of those surveyed were female and 38% were male. The first part of the survey included socio-demographic data, while the second part asked students about their perception of males in nursing and the effects of recruiting males to the field. The third section asked students about their perception of gender stereotypes. Questions included: 1. How do you feel about men in nursing? 2. Do you think nursing is a womans job? 3. Do men and women differ in their professional role? What do you think are the suitable work places and positions fit for male nurses? 5. What do you think of the effect of men on the image of nursing? Male nurses as perceived by both genders Most of the female students and nearly half of the male students chose emergency units as the most suitable area for male nurses. Nearly 42% of the female nurses preferred men to work as instructors in nursing schools after graduation. There were significant differences between both genders perceptions about the nursing positions men should occupy after graduation. While 48% of the female students considered men as staff nurses, most of the male students said they should occupy administrative (40%) or teaching posts (38%) after graduation. Significant differences were also found between the female and male students perceptions regarding the effect of males on the image of nursing. When asked if men improve the image of nursing, 54% of the female respondents agreed, compared to 90% of the male respondents. Cultural values, a lack of understanding about what nurses really do at work, and the way nurses are portrayed in popular media highly affect the public image of nursing. The results of the survey show that male students prefer administrative/instructional positions after graduation. In contrast, female students said they more often preferred men to assume staff nurse positions. While there are difficulties for men working in female-dominated professions, male nurses tend to have a faster and more straightforward career progression than their female counterparts. Male students exhibited gender role tension about nursing, as 43% considered nursing a female profession. Some research reports numbers as high as 82% of male high school students would not choose nursing as a career, believing it should be a female-only profession. 9, 10) Conclusions and recommendations The results of this study indicate that nursing continues to be seen as a female-dominated profession, especially by male students, despite the ever-increasing number of men in nursing. Stereotypical notions of gender roles possibly affect male students desire to occupy administrative positio ns after graduation, though further studies are needed. Nursing as a profession can only benefit from a talent pool drawing a proportionate number of men. Nursing schools, health care organizations, and the media should continue to advocate for the profession, portraying positive images of the field and male nurses. A community education campaign to improve the image of nursing could also be initiated. To emphasize a nurses role identity without any gender segregations, school educators should encourage students to manage gender-related problems.