Thursday, 5 October 2017

Approach and Concepts to calculate cost of Capital

The weighted Average Cost of Capital refers to the average price of return that a firm should pay to creditors and shareholders.  Financial analysts normally focus on a company’s total capitalization, which is the capital structure or mix of long- run sources of finance used by the company. Firm’s capitalization consists of bonds, preference shares and common stock as per our Ratio analysis assignment help experts. To estimate the WACC, one need to identify the capital constitution mix and the cost of all the sources of fund utilized. The vital assumption in any system of weighting is that the company will definitely increase capital in the specified proportions. These firms hike funds marginally to make incremental investments in latest projects. Thus the capital cost of the marginal is used wholly in the firm instead of using the firm’s capital in general.
The Heinz case assumptions incorporates that the firm managers have to leave their own desires and concentrate on maximizing the wealth of stockholder (Brynjolfsson, McAfee, and Cummings p12). This might happen due to the fear of being replaced by stockholders during their annual gathering or board of directors meetings or because they hold sufficient stock in the company thus maximizing wealth of stockholder becomes their core as well. Secondly, it’s assumed that the lenders to the company are totally protected by stockholders from expropriation. This can happen due to the effect of reputation. The stockholder will not take any step which hurts their lenders when borrowing funds in future (Brynjolfsson, McAfee, and Cummings p18). Lenders have also the right to fully protect themselves through writing agreements forbidding the company from taking any hurting steps on their end. You can learn the concepts also through our accounting homework helper experts.
Besides the scenario assumption is that managers of the company do not try to lie or mislead to financial markets on the company’s future vision. This is due to enough ideas for the markets to do judgments about the impacts of actions on long run value and cash flow (Christian). In conclusion, the social benefits or social costs are absent (Christian). All costs made by the company in its effort of maximizing the wealth of stockholder can be charged and traced to the company. With these mentioned assumptions, there is lack of side costs in maximization of stock price. Therefore, managers can focus on stock prices maximization. In the practice, wealth of stockholder and company value will be utilized and community will be well again.

calculation of WACC
WACC=Cost of debt + cost of equity
Year
cost of debt
cost of equity
WACC
2009
0.341*10
2.51*1.2
3.41
3.012
6.422
2010
0.441*10
30.1*0.1
4.41
3.o1
7.42


Monday, 25 September 2017

How to get best Psychology Case Study Help?

Psychology and its assignments
Psychology is a branch of science that deals with human nature and behaviour as well as their mental processes thereby helping us to figure out what exactly is going on in the minds of people. Behaviour here includes few cognitive activities like intelligence, memory, thinking, reasoning etc. and also certain co-native and affective activities. Psychology helps us to understand a person’s behaviour, the reason behind different behaviour and what compels them to behave in such way. Anciently, psychology was considered as a study of soul, as a science of mind but were discarded in the later period of time.
Psychology Assignment Help Online shall help the students to understand the concept of psychology better and thus provide the required information about it. Most of the time, people behave weird because of their psychology. Despite of the complexities of human nature, psychology plays a great role in understanding a person’s stimuli and response. 

Psychology and its case study
Psychology as we know helps us to a greater extent in analysing the human attitude and manipulating it for some valid probabilities. Case studies are the best possible ways to execute the same. Through psychological case studies we can reach out to different human beings and analyse their behaviour and know them. Few of the case studies have given some outstanding results regarding the psychology of humans. Psychological case studies are produced by following a formal research method. Research is done for months together verifying every trait of the individual that is a bit complicated and thus possible psychological solution is determined.    
We can briefly define psychology case study mentioned in Psychology Case Study Help as a research strategy which includes a mix of qualitative and quantitative evidences. Case studies brief us about different techniques to be used to deal with the psychology of the individuals. Students can refer this particular article to have better knowledge about the human psychology.

Summary

Hence, Psychology can be termed as an individual’s thought processes, and the way of exercising brain to analyse even the smallest of a thing and the consequent reaction. Psychology is something which varies from person to person. We can refer different case studies to analyse the behaviour. Students need special skills and effort to complete these assignments. Thus, for this online help is available and students can avail expert help. 

Friday, 22 September 2017

How to Get best Analytical Chemistry Homework Help Online?

Chemistry and its homework help
The branch of physical science that deals with the study of various chemicals and materials is known as chemistry. Chemistry spans various topics such as formation of chemical bonds from atoms, intermolecular forces between substances, general properties of matter, chemical reactions between different substances and many more. It is a multi-layered subject and is further subdivided into many branches.
The word chemistry has been derived from the word alchemy (it is derived from an Arabic word). The several sub-disciplines of chemistry are: -
·         Inorganic Chemistry- Inorganic chemistry is the branch of chemistry that deals with the study of various reactions and properties of inorganic compounds. It is closely related to other areas as well, such as mineralogy, materials science, thermodynamics, crystallography and earth science.
·         Organic Chemistry- Organic chemistry is the branch of chemistry that deals with the study of compositions, mechanisms, structure, reactions and properties of organic compounds.
·         Biochemistry- Biochemistry is the branch of chemistry that deals with the study of various chemicals, chemical interactions and chemical reactions that occur in living organisms.
Chemistry is a vast topic and can be very critical at times to understand. Students find it difficult to understand the concept and relate to all the sub-disciplines of the subject. They could not perform well in exams which in turn affects their grades. Due to this problem, students seek for expert help that can provide them with assignments and homework helps. For the subject chemistry, the one-stop solution for students is UK Chemistry Homework Help online from top UK , USA Australian experts. Students who are not able to complete their assignments can take help from these experts to get the perfect solution and homework help.
Analytical chemistry is one of the important branches of chemistry that deals with the study of identification and separation of materials in both quantitative and qualitative way. As mentioned in Analytical Chemistry Assignment Help, it covers nearly all the areas of chemistry in addition to development of tools and methods to measure physical properties of substances. It is quite complicated subject and students find difficult to cope with it. It covers each and every aspect of chemistry thereby making it a broad and vast subject.
There are two important classical methods that form the backbone of analytical chemistry and in educational labs. These two methods are given below: -
·         Qualitative Analysis- It is one of the classical analysis methods of analytical chemistry that identifies the constituents present in a matter or substance. It is used to identify if the particular compound is present or absent in a compound. It involves tests like- flame test and chemical tests.

·         Quantitative Analysis- It is one of the classical analysis methods of analytical chemistry that measures the quantity of the constituents present in a matter or substance. It involves analysis techniques like- volumetric analysis and gravimetric analysis. 

Tuesday, 19 September 2017

Ethical Dilemma: Approach for Solutions to the dilemma

Dealing with employee behavior and complex working environments require an integrated application of the widely accepted practices of the society. The stages of moral development, the descriptive, normative, and the stakeholder salience models offer viable arguments on the best solutions to the dilemma. The most conspicuous approach to addressing the challenge entails the employment of moral reasoning (Marnburg, 2001). The practice establishes the foundations of ethical behavior by guiding the culprit to weigh out the available options as dictated a particular situation as analyzed by our USA Marketing management assignment help experts. Lawrence Kohlberg's phases of moral development are a product of the conglomerated ideas brought forth by the descriptive, normative, and stakeholder salience model.
The actions taken against the case can be subjected to moral and ethical considerations to comprehend their legitimacy. The conflicting perspectives point out the flaws in the manager’s decision to relocate or terminate the contract of the female employee. According to the stakeholder salience model, the decision made on a particular matter depends on the power, legitimacy, and urgency of the issue(Myllykangas, Kujala,& Lehtimäki, 2010).  Within the allocated powers, the supervisor can exercise the assigned jurisdiction to execute any decision that favors both parties. For instance, either of the mentioned actions would settle the case of employee sensitivity. Even though contract termination or relocation interferes with the employee’s mental and psychological serenity, the decision relieves the female worker the stress and discomfort emanating from the harassment. Furthermore, the exercise of power by the employer expresses the legitimacy and urgency of the action as per research done by our special UK strategy management assignment help online experts. A similar argument is brought forth in the categorical perspective and the Aristotle Virtue Ethics of the normative theory. The former embraces application of rationalmeasures that benefit both parties while the latter advocates for upholding the promises as long as the situation at hand fosters happiness. Proper knowledge of models would, therefore, justify the credibility of the solution.
Subjecting the ethical dilemma to analysis highlights people’s attitudes towards the action. The descriptive theory of ethics upholds that the morality of a decision can be debated and agreed upon through stakeholder consensus. The intrinsic property of the method is the in-depth study of people’s perception and subsequently making a conclusion based on the most preferred path. Hence, the application of the theory settles the impasse by adopting the decision resulting from the views of the virtuous majority. Moreover, applying the Stoic-Virtue ethics theory would shape the manager’s decision by controlling the immediate emotions (Aranzadi, 2011). Distractions among workers have a direct impact on the average performance. Therefore, the integrated application of the models offers a variety of strategies vital for addressing the unprecedented eventuality.
In conclusion, the complexity of the business environment requires sound management techniques to facilitate justified response to contingencies. More accurate, the workplace surroundings create a customized behavior among the employees. Therefore, the introduction of alienentities might affect the mental and psychological capacities of the workers. The resulting decision by the management is hence subject to ethical and moral analysis to ascertain the level of compliance as per findings got by our business law case study assignment help experts. The most suitable solutions to the stalemate entail consideration of the moral reasoning as advocated for by Lawrence Kohlberg's phases of moral development. The justification of the adopted choice is based on the utilization of the theories of ethics in which the philosophers present varying yet dependable accounts useful for solving problematic scenarios in the contemporary business sphere. The descriptive, normative, and the stakeholder salience theories offer perspectives whose intersection gives justified reasons for actions taken by the firm management unit.

Thursday, 7 September 2017

Work Place Ethical Dilemmas and Solutions

Business Ethics
Businesses operate in an increasingly complex environment characterized by a conflict of interests. The predominant determinants of the acceptability of a business idea, product, or venture are the societal ethics. Individual perception of the manner in which the company conducts its operations receives influence from the fundamental moral grounds. The conflict between the principles and the theoretical imperatives result in the complexity of the matter. An integrated use of the normative, descriptive, and the stages of moral development develop a guideline on evaluating the compliance of a business activity to the known moral perspectives in the society. The normative theory is a conglomeration of sub-theories that explores the identifiable differences between the right and the wrong. On the contrary, the descriptiveapproach explores individual’s perception of morality. The stages of moral development offer a viable solution to the business dilemma. The phases acknowledge the moral reasoning as the basis for ethical behavior in not only business but also across a variety of human actions.
The Ethical Dilemma
Discrimination among employees in a company is a common practice in the contemporary business environment. The setting of the business entity requires adherence to the fundamental societal and workplace ethical practices such as balance in gender treatment across the male and female workers (Eikhof, 2012). Nevertheless, the traditional perception that jobs could be categorizedin accordance with the accompanying need for power segments the industry into two categories. Kelan (2009) notes that deeming some jobs as specifically meant for men while others favor the female gender draws discriminatory demarcations as per our Marketing assignment help team working in different scenarios. Some companies operate in environments dominated by male employees only. For instance, the General Motors Company in the United States of America prefers male automotive engineers to work in the workshops citing the nature of duties performed (Sugiman, 2001). Therefore, the introduction of a female worker into the environment stirs mixed reactions from the male workers that may psychologically affect the subject. The most common forms of response entail sexual harassment and weird comments. In response, the manager may resolve to move the new employee to a new workplace. Treating the employee differently emerges as discriminatory and ethically questionable.
Justification
Workplace ethics provide that the handling of employees should depict some sense of equality in wages and gender-related issues. However, some companies consider the nature of the tasks to ensure fair treatment of female and male laborers. Consequently, the balance between men and women in the workplace is affected by the desire to employ the most efficient caliber of people to serve in the firm. The condition leads to the establishment of a working environment in which one gender dominates the scene. Malos (2007) observes that the society has a perception that the most arduous tasks attract male laborers whereas the women scramble for less physical duties. Hence, it is more likely that the nature of the job dictates the preference of workers. The case in which a company dominated by male employees considers inclusion of a female employee amounts to the dilemma.
Buckner, Hindman, Huelsman, & Bergman (2014)cite a possible adverse reaction from the male workers due to lack of adaptive strategies to unprecedented changes. Fundamentally, firms conduct sensitivity training to prepare employees for random eventualities such as changes in workplace environments (Buckner et. al., 2014). The exercise boosts the immunity of employees to the introduction of unfamiliar objects in the places of work as per our strategic management assignment help team in UK. The dominance of the masculine gender over the female counterparts explains the growing rift between the expected and the observed treatment among workers in firms.
The handling of gender issues in business is entirely sophisticated. Ethically, employees are entitled to fair treatment that entails the freedom of association and movement (Magnani, 2012). Nevertheless, the introduction of a female worker in a male-dominated workplace draws considerable attention. The consequent actions by the administration are subject to test for moral and ethical compliance. For instance, the supervisor may opt to relocate the laborer to secluded places away from the sight of other employees to evade interference. Alternatively, the manager may consider the elimination of the individual through laying off and sanction the employees responsible for the misconduct. The options trigger the intervention of business ethics as an exploratory tool.
Moral and ethical misconduct deviate from the societal expectations. The action by the manager to move the worker to a new place of work deprives the individual the psychological and mental freedom. The employee operates under limited autonomy resulting from the unfair treatment by fellow workmates. The dilemma emanates from the determination of the best action to be taken by the manager to salvage the situation.
The Normative theory of utilitarianism exposes the complexity of the situation. The basic concept of the theory suggests the performance of a cost-benefit analysis of the preferred choice (Palmer, 1999). Utilitarianism puts into consideration the consequences of the actions in the aftermath. Businesswise, punishing the employees responsible for the misconduct would reduce their productivity. Similarly, relocating the female employee to an unintended unit violates the initial objective of recruiting the worker. Both choices have a serious impact on the overall performance of the business and the affected laborers. The second perspective considers the consequences of the actions to the new stakeholder. On moral grounds, the female worker is entitled to serene working environments free from distractions as per human resource management assignment help experts. The supervisor’s decision to isolate the workerviolates the individual’s right to association (Jones, 2002). Likewise, terminating the job would violate the provisions put across by the normative theory. For instance, the applied utilitarianism discourages breach of contracts via breaking promises. According to Dion (2012), termination of employment contract upsets the individual and amounts to time wastage. Ethically, sacking, or transferring the worker is a breach of contract that depicts non-compliance to work ethics.


Wednesday, 6 September 2017

Profitability Ratio- How to Calculate and Interpret?


Profitability ratios tell us how well a firm manages its assets, typically in terms of the proportion of revenues that are left over after expenses. They therefore measure the overall profitability of the company and enable a comparison between two years to determine whether the company is doing better or worse than the previous year as explained by our UK accounting homework help online experts. In this analysis this report will assess profitability by examining the following ratios:
  • The Gross Profit Margin
·         The Net Profit Margin
·         The Return on Capital Employed
An examination of the Gross Profit margin shows a considerable year on year improvement. “A record gross margin of 61.8% was achieved for the full year, an Improvement of 376 basis points compared to the prior year.” (Specialty Fashion Group Limited; Directors’ Report; 2013 Annual Report; pg. 31.)  The Directors’ Report attributed the improved Gross margin position to reduced product costs and reduced freight costs which resulted from investments made in transforming the supply chain. The point to note is that the company has improved its position and was able to recover from a negative net income position in the previous year. This success was partly due to increased online trading which grew by 50% in the current year. The evaluation of the Net Profit margin shows it was three percent(3%) for 2013 up from negative one percent ( – 1% ) in 2012. The Net Profit Margin is important because it represents the bottom line. If the ratio is too low a business needs to look at its operating expenses. Also attention has to be paid to its cost of sales since the size of the Gross Profit impacts upon the Net Profit as per our best UK accounting homework helpers. For Specialty Fashion Group Limited it indicates that for every $100 of sales $3.00 was left for profit after deducting cost of sales and operating expenses. This has increased for Specialty Fashion group limited and can have resulted from increased selling prices and tighter control of operating costs.

The Return on capital employed also showed a positive increase in 2013 up from a negative figure in the previous year. This ratio was 22% in 2013 up from a negative one percent (-1%) inn 2012. “The ROCE is the primary ratio and is considered the most important of the ratios and the one that forms the starting point in ratio analysis.” (Randall H. 3rd ed; 2001; pg.463) This can serve as a benchmark for Specialty Fashions limited when borrowing or assessing a new project. It is already showing signs of improvement which is a positive sign. If it is too low it could easily turn into a loss if the company’s fortunes were reversed.

Friday, 1 September 2017

Financial Analysis- Approach to solve finance Assignment

1: Introduction:
Public companies especially those which are listed on the different stock exchanges worldwide, use substantial quantities of financial and other resources preparing and presenting financial statements. Their aim is to make the information contained therein available to interested stakeholders. The annual report is also meant to fulfil the regulatory requirements of reporting the financial performance and situation of the entity. “Financial statements are the main and often the only source of information to lenders and outside investors regarding a business’s financial performance and condition.” (The Fast Forward MBA in Finance; John A. Tracy: 2002; 2nd ed. Pg. 39)
While such reports may contain quite a lot of relevant information about the performance and financial health of the entity, they very often conceal more than they reveal.
Those seeking to fully understand the performance of the entity at a more meaningful level need to not only observe the information, but to drill down into the detail and extract the essence. Such evaluations can be assisted with the utilization of key ratios.
The aim of this report is to provide a financial analysis of the Annual Report and Financials Statements of Specialty Fashion Group Limited, a company listed on the Australian Stock Exchange. It will attempt to examine the relevant ratios relating to the entity’s profitability, efficiency, short term solvency, long term solvency, and shareholders’ investment returns. Comparisons will be made to previous reporting periods to analyze emerging trends and developments and to identify factors which may or have impacted on the entity’s performance. Conclusions will then be drawn as to whether overall performance has improved or not and suggestions will be made as to how the entity can improve its performance when going forward.

2: A Brief History of the Company:
Specialty Fashion Group (SFG) is the largest retailer of women’s fashion in Australia, making women everywhere look good and feel great through five diverse brands that offer style and value.  The company’s brands include Autograph, City Chic, Crossroads, Katies and Millers.
The founding management team - Sam Moss, Ian Miller and Gary Perlstein opened the company’s first two stores in 1993 in Surry Hills and Wollongong under the trading name of Miller’s Fashion Club. By December 2003, 20 stores were trading as Miller’s Fashion Club in NSW and the ACT.
SFG sells a garment every second in Australia, New Zealand or the United States through our portfolio of about 900 stores and our seven online businesses.
SFG has one of the largest women’s customer communities in Australasia with 6.2 million members and can reach over 1.5 million members through email. Our members’ loyalty is high, representing over 80% of sales.
On 28th May 1998, the business was listed on the Australian Stock Exchange with 147 stores across Australia under the name of Miller’s Retail Limited.


3: Main Objectives of the Report:

The objectives of this report are
·         To critically evaluate the performance of the entity for the financial year 2013.
·         To compare the entity’s performance over a two year period to identify strengths, weaknesses and emerging trends.
·         To calculate the necessary ratios and use them as tools in the financial analysis
·         To draw conclusions from the analysis and make relevant recommendations for future improvement of the entity.




4: Financial Analysis of Specialty Fashion Group Limited:
Financial analysis is the basis for investment and financing decisions. In order to evaluate the entity we need to do such an analysis. “Financial analysis is one of the many tools useful in valuation because it helps the financial analyst gauge returns and risks.” (Fabozzi F. J. and Patterson P.P. 2nd edn; 2003; pg. 721) This analysis is conducted by calculating ratios and comparing the business’ performance over time in this case as explained by financial accounting homework help service providers. Rratios cannot be viewed in isolation; we thus need to look at several different aspects of a firm’s presented data at the same time in order to make judgments regarding its operating performance and financial condition.
“Accounting ratios summarize financial relationships. They allow comparisons over time, with other firms, and with internal budgets. There are problems in using ratios; they raise questions rather than providing definite answers.” (Myddelton D. R. 1996; pg.124) A ratio by itself is useless, their usefulness comes from the relationships that they allow us to establish between different variables, thereby permitting comparisons and enabling the analyst to draw conclusions. This means that their usefulness is limited by the accuracy of the data from which they have been calculated and they can be misleading because data can be distorted by inflation for example. In order to complete the analysis, the examination of the data will be divided into five areas each of which will be assessed with a different set of ratios as explained by accounting homework helpers. The five groups of ratios are:
·         Profitability ratios
·         Efficiency ratios
·         Short term solvency/liquidity ratios
·         Long term solvency ratios

·         Shareholders’ Investment  ratios