The prohibition was a period of about 14 years in United...

The prohibition was a period of about 14 years in United States history in which the manufacture, sale, and transportation of liquor, or alcoholic beverage, was made illegal. This took place within the years 1920-1933. Throughout these times, the effects of the prohibition took a great turn on the United States. A large portion of America was upset with the new law and went to great extents to get alcohol illegally. The prohibition was a rough fourteen years for the government and citizens of The United States of America. The prohibition of liquor began when the use of alcoholic beverages rose after the American Revolution. In order to stop this many â€Å"societies† were organized to support the movement which attempted to convince people to†¦show more content†¦For the people who didn’t take advantage of the loopholes, there were many illegal ways for the citizens of the United States to get there hands on alcohol. Citizens relied on gangsters and mobsters to supply them with alcohol. Gangsters took this opportunity to make a profit off of such a large need in America. One of the more famous gangsters was named Al Capone. He was the mob boss in Chicago. Gangsters like Capone would hire me to smuggle in alcohol from different countries and bring it into America. Others would buy their alcohol in large quantities made in homemade stills. They would then open up secret bars known as speakeasies for people to come and drink and socialize with each other. During this period of tim e when crime rates shot up, Prohibition Agents were hired to raid speakeasies, find stills, and arrest gangsters. Despite their efforts, most of these agents were not qualified and were underpaid leading to a high rate of bribery. Just as quickly as organizations formed to prohibit alcohol, organizations began to form to repeal the 18th Amendment. When citizens realized that society was not being benefited in the ways that were promised, they quickly joined the fight to bring back their beloved liquor. The anti-prohibition movement gained more and more support as the 1920s progressed. The biggest argument was that the question of alcohol consumption was more of a local issue than a ConstitutionalShow MoreRelatedForbidden Love in The Great Gatsby1361 Words   |  6 Pagesdependence was becoming a problem and many started realizing that. Taking action to stop this was the hard part. Alcohol was corrupting the 1920s even though some did not recognize it. In the Great Gatsby by F. Scott Fitzgerald displays the corruption during the 1902s through his main character, Jay Gatsby, and his illustration of prohibition. Prohibition was a long period of time in U.S. history that lasted nearly fourteen years. The manufacturing, transportation, and sale of liquor was made completelyRead MoreAdvantages and Disadvantages of Thecnology1720 Words   |  7 PagesProhibition in the United States, also known as The Noble Experiment, was the period from 1920 to 1933, during which the sale, manufacture, and transportation of alcohol for consumption were banned nationally[1] as mandated in the Eighteenth Amendment to the United States Constitution. Under substantial pressure from the temperance movement, the United States Senate proposed the Eighteenth Amendment on December 18, 1917. Having been approved by 36 states, the 18th Amendment was ratified on JanuaryRead MoreThe Volstead Act1770 Words   |  8 PagesDuring the 1920s and early 1930s the United States was seeing many different changes in its people and laws. One of the major happenings of the time was Prohibition. For the enforcement of Prohibition, the Volstead Act was passed. The Volstead Act was proposed by Andrew J. Volstead in 1919, passed with minor difficulties, and was to carry out the intent of the 18th amendment or Prohibition, which was greatly supported by temperance movement leaders (Harlow; Kizilos;) With the act, the sale of alcoholRead MoreProhibition and the Rise of Organized Crime4837 Words   |  20 PagesProhibition and the Rise of Organized Crime Peter H. Mitchell Neumann University Thesis: Although prohibitions goal was to increase a sense of integrity in the United States, it encouraged normally law-abiding citizens to break the law, enabled the growth and influence of organized crime, and increased levels of corruption in government and law-enforcement. Outline: I. Introduction      A. Definition of Prohibition   Ã‚   B. Eighteenth Amendment   Ã‚   C. Medicinal Use D. Sacramental Use II. AffectsRead MoreThe Effects of the War on Drugs Essay1222 Words   |  5 Pagesfollowed in states like California, and lawmakers are put in a position to decide between spending tax money on building more prisons, or amend regulations concerning non violent offenders. Or a better option would be to build more center for rehabilitation. According to Cbs new.com former surgeon general Dr. Joycelyn Elders marijuana should be legalized. She is angry over what she says is the high number of American youth now serving time for non violent marijuana-related offences. This was is inRead MorePro-Legalization of Drugs Essay examples1355 Words   |  6 Pagesfollowed in states like California, and lawmakers are put in a position to decide between spending tax money on building more prisons, or amend regulations concerning non violent offenders. Or a better option would be to build more center for rehabilitation. According to Cbs new.com former surgeon general Dr. Joycelyn Elders marijuana should be legalized. She is angry over what she says is the high number of American youth now serving time for non violent marijuana-related offences. This was is inRead MoreThe Start of Gangsterism/ Organized Crime because of Prohibition1984 Words   |  8 PagesProhibition, the greatest thing that has happened, was what most â€Å"dry† people thought. Yes, prohibition did stop a lot of people from consuming alcohol. Prohibition helped turn some â€Å"wets†, people who consumed alcohol, into â€Å"drys†, which were individuals that did not consume alcohol. Unfortunately, there was a huge downside to prohibition. Throughout the times of prohibition, the rate of gang activity that was involved in daily life rose dramatically due to the desire to obtain alcohol despite theRead MoreThe Legalization of Marijuana Essay2384 Words   |  10 PagesThe Legalization of Marijuana – A Co mpelling Case for a Misunderstood Plant Abstract The prohibition of marijuana has sparked heated debates for years about its effects on the human body, its medicinal properties, and its effect on society; just to name a few. Although many are against the legalization of marijuana, this paper will argue that the legalization of marijuana is warranted. It will prove this by weighing marijuana’s effects on the body when smoked against the effects on the bodyRead MoreU.s. Gun Legislation On The Rights Of A Free State1253 Words   |  6 PagesCourt s decision on the right to bear arms is the latest milestone in the long history of U.S. gun legislation. The following is a selected time-line.1791: The Second Amendment to the U.S. Constitution is ratified. The amendment reads: A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed. 1871: The National Rifle Association was formed by Union Army veterans Col. William C. Church and Gen. George W ingate.Read MoreMarijuana: Legalizing It!2425 Words   |  10 Pagesvilified in America over the past 70+ years. Despite its many practical uses, medicinal and industrial, our Federal government insists on maintaining the status quo that the growth, possession and use of marijuana is criminal despite the evidence that the legalization of marijuana would have a positive influence on America. In this paper I will discuss the history of marijuana, the industrial uses of hemp, the prohibition of marijuana, the economic impact prohibition has on America, the effects of marijuana

Key Components Of Supply Chain Management Essay - 2218 Words

Leadership theory To effectively make the operations of supply chain functional, it is usually important for those who are involved in the e-commerce business to employ the most appropriate leadership theory (Simchi-Levi, Simchi-Levi, Kaminsky, 1999). The theory applied teds to guide the operations designed by the managers so that al operations of the business are streamlined and efficient as well as making sure that the expectations of the customers are comfortably met (Christopher, 2016). The best theories to apply in the case of e-commerce business are the behavioral theories. These theories tend to offer new ways of carrying businesses, focusing on the behavior of the managers and more so on their decision making models and help in understanding the behavior of the top management (Lee, Padmanabhan, Whang, 1997). As such, this makes these theories to be very useful in carrying out e-commerce business. Key components of supply chain management The process of carrying out an effective supply chain business entails the process of understanding a number of disciplines that make the key components of the process. Previous researches concerning supply chain have identified a total of about twelve very distinct management areas that are linked to the supply chain activities (Turban, et al., 2002). The common components of supply chain that have been documented include the discipline of location, transportation and logistics, outsourcing and logistics, sourcing andShow MoreRelatedFinancial Damages And Its Effects On Other Companies1671 Words   |  7 Pagesrisk management strategies. RISK MANAGEMENT STRATEGIES Technology industry supply chains face risks that are coming from both, internal and external factors, many of which were mentioned previously. These include capacity constraints, fulfilling customers’ demand expectations, political disruptions, regulatory laws, increasing economic uncertainty, rapid technological changes, the effects of globalization, and natural disasters. Internal factors are related to contingencies inside the supply chainRead MoreAssignment 2: Chain Management at Durham International Manufacturing Company (Dimco)1373 Words   |  6 PagesAssignment 2: Chain Management at Durham International Manufacturing Company (DIMCO) Case Study Determine whether integration efforts should start with suppliers, distribution, or both. Explain the rationale for your decision. What are the basic components of a supply chain? Most companies are utilizing a five supply chain components, in order to bring products to the marketplace. The five supply chain components are Suppliers, Manufacturers, Distributors, Retailers, and Consumers/Customers. EffectiveRead MoreScm in Maruti Suzuki India Limited960 Words   |  4 Pagesrunning models, the supply chain management is especially challenging. The supply chain solution enables the concerned product reach in time, be it the type of fabric used, the audio system, the tyres or the specific engine and transmission systems. The entire inventory management has also been fully automated and integrated with its vendors. Key Challenges * When it comes to its operation and supply chain, Maruti Suzuki’s key challenges include:   * Achieving a lean supply chain   * ManagingRead MoreWhat Leadership Behaviors And Management Systems Support This New Way Of Working? Essay1731 Words   |  7 Pagescontrasted and joined and inward information and with the excitement and vitality of the organization s kin. For sure, it is an interesting generation and administration model. ________________________________________ WHAT LEADERSHIP BEHAVIORS AND MANAGEMENT SYSTEMS SUPPORT THIS NEW WAY OF WORKING? Not just did Mario backing and support the change, yet he likewise was the genuine maker and motor of the utilization of incline at Pietro Fiorentini. The bolster he gave was not constrained to authorityRead MoreSupply Chain1145 Words   |  5 Pages1 Components of Supply Chain Management (SCM) The main elements of a supply chain include purchasing, operations, distribution, and integration. The supply chain begins with purchasing. Purchasing managers or buyers are typically responsible for determining which products their company will sell, sourcing product suppliers and vendors, and procuring products from vendors at prices and terms that meets profitability goals. Supply chain operations focus on demand planning, forecasting, and inventoryRead More1.1 Explain the Importance of Effective Supply Chain Management in Achieving Your Organizational Objectives.1528 Words   |  7 Pages1.1 Explain the importance of effective supply chain management in achieving your organizational objectives. Supply Chain Management as defined as Maximising added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market†. Competitive Edge through Core Competencies Todays business climate has rapidly changed and has become more competitive as ever in nature. Businesses now not only need to operate at a lower cost toRead MoreKey Term : Just For Time Productions Or Systems1198 Words   |  5 PagesKey Term: â€Å"Just-in-time productions or systems† Operational efficiency it s significant across all levels of manufacturing goods. Making a profit is the fundamental principle for any business to succeed. Reducing overhead cost and eliminating waste are key factors in driving down cost and maximizing profits. The challenge lies in the ability to reduce product costs while simultaneously adding value, maintaining quality, and ensuring adequate availability of the production system. The idea of manufacturingRead MoreService Breadth And Reliability Of Intermodal Service1207 Words   |  5 Pagesservice breadth and reliability necessary to play an important part in domestic and global supply chains. Intermodal was once a slow trailers-on-rails alternative to inter-city trucking with less than dependable transit times typically available only between limited sets of origin and destination cities. The service was not integrated with other transportation and distribution components of the supply chain. Today, intermodal offers dependable, flexible and cost-effective linehaul, dray and transloadRead MoreGlobal Supply Chain1083 Words   |  5 PagesAbstract The supply chain is a concept resulting from multiple independent entities that affect each other. This paper will discuss about Wal-Mart supply chain it will provide the six component, problems and approaches to solve the problems. Wal-Mart is one of the major retail in the world (Walmart 2011). 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Coke Financial Structure Free Essays

string(50) " operations with the use of debt or using equity\." [pic] Andrea R. Hart GB550: Financial Management August 24, 2011 The Abstract The topic of this research paper will be about the capital structure of Coca Cola, This paper serves as a comparison of debt and equity. It will help determine the true value of the company while also determining what their free cash flow is and the risk level for the organization. We will write a custom essay sample on Coke Financial Structure or any similar topic only for you Order Now The question that this research will try to answer is if the 125 year old company is financially ready for another 125 years. The company needs to remain liquid and keep its operating costs low during times of inflation. The methodology that will be used will be multiple financial ratios to determine how the organization is operating and compare to times of exponential increases in profits. My expected findings will be that Coca Cola will have a minimal amount of free cash flow. There would be enough to remain liquid but also to remain flexible in starting new product lines or new investments. Coca Cola already operates in over 200 countries and should seek to expand advertising efforts in recently adopted countries. I anticipate that the company has endured over 125 years of economical, political and social upheavals. Financial Statements iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" src="https://phdessay.com/financial-statements-2/embed/#?secret=ByXjR6BvFL" data-secret="ByXjR6BvFL" width="500" height="282" title="#8220;Financial Statements#8221; #8212; Free Essays - PhDessay.com" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"/iframe I hope to conclude that although there could be unpredicted unprecedented environmental events that Coca Cola will be able to continue operate. Table of Contents A preview of capital structure issues†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Business and financial risks related to capital structure†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 Modigliani and Miller’s [MM] capital structure theory †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Criticisms of the MM model and assumptions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Capital structure evidence and implications†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Estimating the firm’s optimal capital structure†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 A preview of capital structure issues Capital structures of companies are based on the amount of debt and equity a company holds. When a company begins to increase their debt the company becomes more of a risk to investors because the company now has a higher chance that it may not be able to repay its debts. Although if there is more debt an organization taxes can be reduced because the organization is able to take out what it must pay as interest to investors and holders from being taxed. The higher cost of capital translates into a lower fair value estimate, and vice versa; furthermore, seemingly small changes in cost of capital can make a significant difference in a stock’s fair value (Kathman, 2002). The giant beverage maker, that’s in a fairly stable environment does not have very much debt. The company in the non-alcoholic beverage industry, Coca Cola’s cost of equity of 8. 6% when the industry average is 11. 67% and is a large influence on the WACC of 8. 4%. Although the company incurs an 8. 6 % cost on the equity the company has averaged a return on equity for the past five years of 30. %. A Company with a high weighted average cost of capital could be considered a risky company or a company in a risky industry that mainly uses equity for funding. Coca Cola’s debt to equity ratio is 23% however the total debt to equity has been on average for the past five years at 51% showing that the company uses only half debt to finance growth wi thin the company which is accurate for a company that is not quite so capital intensive. Although the company finds itself in a well established industry, it must still make investments and use 51% of debt to finance the new growth. WACC and Free Cash Flows impact a company’s value. FCF is what would come back to a company after the investment was made to enhance the company. FCF can determine if it is worth to take on an investment. Coca Cola’s current Free Cash Flow is -546. 8 (COCA COLA CO (NYSE:KO ), 2011). Business and financial risks related to capital structure There are many factors that could play into the financial risk of Coca Cola. The company itself, affiliates, subsidiaries, licensed distributers and bottlers are a risk factor to Coca Cola. Bottlers generate a significant portion of Coke’s net operating revenues by selling concentrates and syrups to independent bottling partners. In 2009, approximately 79 percent of our worldwide unit case volume was produced and distributed by bottling partners in which the Company did not have a controlling interest (ITEM 1A. RISK FACTORS, 2010). The company also operates internationally which is additional business and financial risk to the company. International economies and political environments become a risk to an American investor when considering purchasing securities. Some business risk of the company includes the availability in Coca Cola’s special ingredient of extracted coca leaf, the sustainment of a network that spans 200 countries, health concerns that cause a reduction in market demands. For the company to ensure that it has enough cash flows must be able to have the infrastructure to handle the large amount of demands. Being that Coca Cola is an international company it has opened its doors to many more financial risks. Risks with their international counterparts include fluctuations in foreign currency and exchange rates effecting financial results (ITEM 1A. RISK FACTORS, 2010). If interest rates rise or new tax laws are set it would negatively impact net income. Increase in costsdue to shortages of supplies or materials to produce products or changes in accounting standards can all affect the risks of the company. Coca Cola monitors exposure to financial market risks using several objective measurement systems, including value-at-risk models. Value-at-risk calculations use a historical simulation model to estimate potential future losses in the fair value of our derivatives and other financial instruments that could occur as a result of adverse movements in foreign currency and interest rates (ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK, 2011). Modigliani and Miller’s [MM] capital structure theory The underlying and basic assumption of the Modigliani and Miller Capital Structure Theory is that there is no major difference if a company were to fund its operations with the use of debt or using equity. You read "Coke Financial Structure" in category "Papers" The 1958 Modigliani-Miller Theorem was initially designed to show that the corporation’s capital structure decisions are not value increasing or decreasing; it has, however, become apparent that the theorem is far more general (MacMinn, 2011). The theory rests on assumptions that there are no brokers or bankruptcy costs, no taxes and that investors can borrow at the same rate as the corporations and that EBIT is not affected by the use of debt. In 1991 Miller explained that the theory any gain from using more of what might seem to be cheaper debt is offset by the higher cost of now riskier equity and given a fixed amount of total capital, the allocation of capital between debt and equity is irrelevant because the weighted average of the two costs of capital to the firm is the same for all possible combinations of the two (Villamil, 2010). Criticisms of the MM model and assumptions The same assumptions that the Modigliani and Miller Capital Structure Theory is based on have been criticized. While the three Modigliani and Miller propositions make good sense and have become widely known there has been disagreement. Capital Structures that are designed to enhance value, the majority of the value is from the decisions that are made by financial managers. The value in the company is from the strategy that makes and it is the duty of the financial manager to make sure that the capital structure supports the strategy that the company is trying to pursue. Further, Coca Cola, initial strategy was to sell Ice cold Coca Cola’s to its customers. The company was able to successfully change its strategy to only produce the syrup, the process was able to be broken down and both are able to reap values and benefits. By leaving capital structures to be independently determined by the bottlers and distributors, the structure of Coca Cola Holland and Coca Cola Japan to be different. Other theories have been created in spite of the MM model such as the Trade-Off Theory which takes into consideration the costs of bankruptcy. Capital structure evidence and implications Because of the low debt that Coca Cola has it also carries a low rate for taxes. In the last 5 years, half of Coke’s worldwide investments include almost $20 billion dollars in capital expenditures and acquisitions in the U. S. In addition, each year, we invest over $10 billion dollars in our supply chain in the U. S. — including $208 million dollars that was spent this past year on supplies (Kent, 2010). In 2010, The Coca Cola Company acquired Coca Cola Enterprises (CCE) assets and liabilities. Coca Cola by purchasing CCE, Coke will have a $100 million net pre-tax income benefit, however after adjusting to the impact of the full value of the stand alone debt Coke will have acquired a $200 million interest expense reduction. However Coke stands to benefit from the overall transaction with a pre tax benefit in 2011 of an estimated $300 million (Investors Information, 2010). CCE is still set to acquire bottlers in Germany, Sweden and Norway as part of the deal. With Coke becoming a producer and now a larger owner in bottling, this has changed the capital structure of the company. Estimating the firm’s optimal capital structure During the acquisition of Coca Cola Enterprises (CCE) assets and liabilities, Coca Cola’s shares decreased while CCE increased. â€Å"With this transaction, we are converting passive capital into active capital, giving us direct control over our investment in North America to accelerate growth and drive long-term profitability Coke said, with the transactions that are expected to generate operational cost savings of approximately $350 million over four years for Coca-Cola and will add to earnings by 2012 (Gelsi Spain, 2010). The current estimate of Coke’s cost of debt is 7% as well as the WACC. (Coca Cola (KO) Stock Research, Equity Ratings, News Analysis , 2911). If this amount were to increase it is possible that it could also increase the risk to investors. Coke’s beta has been reported at . 59 and for the non-alcoholic beverage industry is average. With their current capital structure Coke has had a steady 6% in revenue growth. The company also recently acquired CCE their debts, liabilities as well as CCE’s acquisitions which is why Coke’s shares declined by 3. % (Gelsi Spain, 2010). These changes were brought about due to economical conditions and felt the need to take over more operations. Although this acquisition effected their shares in the short term, the company has estimated that this change will save the company almost $350 million in operational costs in four years and will begin generating income by 2012. References Coca Cola (KO) Stock Research, Equity Rating s, News Analysis . (2911). Retrieved August 23, 2011, from ValueInvesting 2. 0: http://www. wikiwealth. com/research:ko COCA COLA CO (NYSE:KO ). (2011, August). Retrieved August 23, 2011, from Forbes. Com: http://finapps. forbes. com/finapps/jsp/finance/compinfo/Ratios. jsp? tkr=KO Ehrhardt, M. C. , Brigham, E. F. (2009). Financial Management: Theory and Practice. Mason: South-Western. Freeland, K. , Gabruk, B. , Laidlaw, K. , Levine, J. , Michaels, M. , Schramm, G. (1998, May 4). The Beverage Industry: This One’s on the House! Retrieved August 23, 2011, from Stern NYU. Edu: http://people. stern. nyu. edu/adamodar/pdfiles/cfprojs/beverage. df Gelsi, S. , Spain, W. (2010, Feb 25). Coca-Cola buying CCE North American bottling business. Retrieved Aug 23, 2011, from The Wall Street Journal: MarketWatch: http://www. marketwatch. com/story/coca-cola-buying-north-american-unit-of-cce-2010-02-25 Hines, J. J. (2007, March). Capital Structure with Risky Foreign Investment. Retrieved August 11, 2011, from Harvard Business School: http://www. people. hbs. edu/ffoley/riskycap. pdf Investors Information. (2010, Dec 14). Retrieved Aug 23, 2011, from The Coca Cola Company: ttp://www. thecoca-colacompany. com/investors/pdfs/modeling_2010. pdf ITEM 1A. RISK FACTORS. (2010). Retrieved August 23, 2011, from The Coca Cola Company. Com: http://www. thecoca-colacompany. com/investors/pdfs/10-K_2009/04_Coca-Cola_Item1A-1B. pdf ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. (2011). Retrieved August 23, 2011, from The Coca Cola Company. Com: http://www. thecoca-colacompany. com/investors/pdfs/10-K_2006/Coca-Cola_10-K_Item_07a. pdf Kale, J. R. , Noe, T. H. , Ramirez, G. G. (Dec. , 1991). The Effect of Business Risk on Corporate Capital Structure: Theory and Evidence. The Journal of Finance , 1693-1715. Kathman, D. (2002, December 20). Why Discount Rates Matter. Retrieved August 23, 2011, from MorningStarNews. Com: http://news. morningstar. com/articlenet/article. aspx? id=84699_QSBPA=Y Kent, M. (2010, May 19). Enhancing our National Competitiveness. Retrieved August 23, 2011, from The Coca Cola Company: http://www. thecoca-colacompany. com/dynamic/leadershipviewpoints/2010/05/enhancing-our-national-competitiveness-is-not-an-option. html MacMinn, R. (2011). Theorems in Corporate Finance . Retrieved August 23, 2011, from MacMinn. ORG: http://macminn. org/Fin374/theorems/theorems. html The Coca Cola Company. (2011). Financial Statements. Retrieved August 9, 2011, from The Coca Cola Company. Com: http://www. thecoca-colacompany. com/investors/financial_statements. html Villamil, A. P. (2010, March 10). The Modigliani-Miller Theorem. Retrieved August 9, 2011, from Econometrics at the University of Illinois: http://www. econ. uiuc. edu/~avillami/course-files/PalgraveRev_ModiglianiMiller_ How to cite Coke Financial Structure, Papers

Job Satisfaction in the Banking Industry-Free-Samples for Students

Questions: 1.Discuss the advantages and disadvantages of having a sample of this size. What factors should be considered in decision on sample size? 2.What are the advantages and disadvantages of the current sampling method? What are your suggestions to improve the sampling methods? 3.What are the advantages and disadvantages of the current research design compared with a longitudinal research design. 4.Discuss some of the problems in the process of data collection and how to address them in future study 5.What secondary dataset can be used to check the representativeness of the sample and how can it be used? Answers: 1.Sample size Samples are drawn in order to make some precision about the population. It is not possible to collect information from all the sixty nine thousand bank employees. Keeping the time and budget constraint in mind only a small percentage (21%) of total population is taken for consideration. The advantage of a small sample is the ease of calculation. Smaller the sample is lesser will be the complexity in calculation. It is costly to arrange a primary survey over a large number of samples. Setting of questionnaire and sending them to the respondents is subject to high cost (Marshall et al., 2013). Apart from cost factor, small samples help the researchers to complete the research within small time framework. Besides the advantages, a sample of small size has some shortcomings. With a small sample size the variability of the estimated statistics increases. The variability is reflected in the measure of variance. Smaller the sample greater is the variance. A large variance also increases the possibility of obtaining a biased estimate. One type of bias arises from small sample is variable response bias (Malterud, Siersma Guassora, 2016). When a considerably small sample is selected then there is high chance of getting similar kind of responses. The response may come from a group that strongly in support or oppose of something. In times of selecting sample size, certain things need to be keep in mind. There should clarity about the expectation of sample. The objective of sampling estimation helps to determine sampling size. A probability statement is needed to connect the population precision (Johnson Wichern, 2014). with the sample size. Depending on that statement, the sample size is selected. Estimation about the sampling cost is of greater importance in determining sample size. In times of very crucial decision, making less variability is desirable and hence a large sample is selected for valuable decision-making. The selected sample size should pass the test of practical applicability. In order to obtain a close estimate to population parameter a large sample size is always desirable. However, given the limited budget this is not always possible to select a large sample. The way out for conducting a precise estimation with a small sample is estimation and quantification of associated risk with the sel ected sample. 2.Sampling method The current method of sampling is called simple random sampling. In simple random sampling, all observations in the population have an equal chance of being selected in the sample. Here in order to find the relationship between job characteristics and job satisfaction random samples are taken from each of the participating banks. Therefore, all the members working in these banks have an equal chance of being included in the sample. Hence, the method of sampling is similar to that with simple random sampling. Advantages Simple random sampling requires minimum prior information about the intended population. This works as the biggest advantage random sampling method. As the sample is selected from the whole population, randomly no classification is needed at all. Therefore, there is no chance for occurrence of classification errors (Koyuncu Kadilar, 2016). It is the most suitable form of sampling method for drawing any inference from the population. It gives bias free estimates of population parameters. Hence, random sampling is considered as the best representative of population. In addition, assessment of sampling error is also easy in this method. It is extremely easy to conduct simple random sampling. It does not make any discrimination at times of selecting samples. Disadvantages In times when there are widely varied subpopulation then there larger possibility of contain sampling errors with simple random sampling. Here, stratified sampling is more appropriate. In case population units are highly dispersed, it becomes extremely difficult to collect sample using simple random sampling (Levy Lemeshow, 2013). Simple random sampling cannot be used in case where population observations are not homogenous. The sampling method has least scope of using prior knowledge of population concerned. Suggestion Before going for random sampling technique, information about the population is needed. If it is observed that there are specific subgroups in the population then stratified sampling, techniques should be used. In the presence of clusters in population, clustering samples is more appropriate (Lewis, 2015). In times of collecting samples, any types of biasness should be avoided. Neither too large nor too big samples are desirable. A good sampling method includes selection of samples of appropriate size. 3.Research design In a cross, sectional research design analysis is over a specific context. A group of observation or social phenomenon are studied here in terms of selecting a particular sample. This is a widely used method of research design. It allows the researcher to conduct a comprehensive analysis within a particular research framework. Longitudinal research design involves a continuous analysis of the population. The research here continued for a much longer period as compared to cross sectional research. In longitudinal research method, at every phase of analysis same sample is used (Campbell Stanley, 2015) The most significant advantage of cross section research design over the longitudinal research is, it is less time consuming in nature. It does not require overtime analysis of same sample., Instead, the complete study is made only once. On the other hand, research method under longitudinal design is subject to a long time. Cross sectional study is able to analyse different variables at a same point of time. Therefore, it is particularly suitable for research projects that have time bound. Here, the sample is selected only for once and decision has been taken based on analysis of the samples. There are least amount of risk with cross sectional arrangement. It is able to estimate the prevalence of interested outcome more accurately as the sample is drawn considering the entire population (Palinkas et al., 2015). Research design under cross sectional studies is able to generate hypotheses. Another advantage of cross sectional research design is its relative cost advantage over longitud inal research methodology. It is inexpensive to study the sample once as compared to studied them overtime. Hence, there is no loss as such to follow up. Cross sectional research unable to capture cause and affect relationship. Cross sectional studies provides the picture of a single point of time. Scenario before or after the study is not considered. Hence, it fails to give specific information regarding the relation among the variables. This can be done by designing research with a longitudinal study (Lessler et al., 2015). There are circumstances where overtime behaviour needs to be recorded. For this purpose, use of longitudinal research is suitable as cross sectional research is not able state overtime behaviour. 4.Procedure of data collection There are several problems associated with the collection of data. In times of gatheri8ng responses the following problems can be encountered. Possibility of erroneous data collection In times of primary data collection, there is high possibility that participants do not give proper response to the designed questionnaire. This leads to misinterpretation of the situation and make the research objectives futile (Miles, Huberman Saldana, 2013). In the above case if the respondent in the selected sample gives wrong information, then the true level of job satisfaction can never be revealed. Therefore, in future the researchers need to ensure that evaluation is made only on correct responses. A cross verification of the responses can be done to judge the truthfulness of the responses. Lack of willingness among the respondent The selected respondent may be unwilling to disclose information. In this situation, even the questionnaires have been sent to the entire selected sample but only few answers. Research cannot be conducted with too few responses. This is equally problematic as the case for wrong data collection. In order to address this issue assurance should be given about maintenance of privacy the response. The respondents should be well aware about the research objectives. Researchers should inform them in advance about the research questionnaires and ensure that all of them revert as soon as they receive the questionnaires. Obstacles in terms of language Language of the prepared questionnaire is the foremost important aspects. There is no use of making the questionnaire if the respondents unable to understand the language. In the given survey, language appears as a serious problem in gathering data. There are two dominants language in Belgium- French and Flemish. Thus, questioner needs to be prepared in both the regional language. In times of sending questionnaire, any mismatch of location and language creates serious problem. Before sending questionnaire, researchers should conduct a detailed study on native languages of chosen samples. This can be time consuming, but this will help to make a successful research and fulfil the true objectives of research. Insufficient time In the surveying method where researchers send questionnaire there are considerable lag between the time of questionnaire send and responses received. Sometimes the respondents delay without any reasons. This is problematic for cross sectional research design because it is conducted at a point of time. Too late responses are of no use for the researchers. It is not likely to be case in times of direct or one to one response collection. In times of mailing or sending questionnaire, a certain time can be mentioned. Collection of proper responses within time increases the accuracy of the research. 5.Secondary data Secondary data are those collected from any reliable source rather that gathering the data by direct investigation. For examining representativeness of selected sample, information collected with primary survey is compared with already recorded information. After checking compatibility of the selected sample decisions are taken on regarding weighting of selected data set, usage of it and in the extreme case, the data are discarded. In order to check representativeness of the sample, three types o0f secondary data can be used. Secondary data, that are free standing Data collected as for the purpose of government measure or official statistics. Data collected for research purposes like professional data and others. Data classified as freestanding qualitative data are not collected either by government official or by professional researchers. There are different organizations that provide information related to financial industry, food industry, leisure industry or for other general purposes (Sekaran Bougie, 2016). The data here is available at free of cost. These data often plays an important role in research methodology by integrating the information with qualitative aspect. Freestanding data depicts a complete picture of features for social organisation structure and thus comple3ments the qualitative research capturing individual behaviour. However, the cr5edibilioty aspects of these kinds of data are always questioned because free access of the data. Therefore, for crucial research purpose use of these data is least. Government data or official statistics are one vital form of secondary data. Government collects data on important social trends. In the official site, data are available on labour market, transport, crime rate, education, household and others. Statistics are also available in the form of census data, registration of birth rate, death rate, marriage and other important events (Clark, G. (2013). This information is more reliable than those of free quantitative data. Vital information is often of limited access and thus is free from any manipulation. The third category of secondary data is that published on professional journals. The data are usually kept on data archive. These data along with government data and free quantitative data are considered as secondary data. These can be used to link with primary data for checking representativeness. The professional research data is appropriate for projects undertaken at small scale. For research conducted in large scale, despite being reliable cannot be used. 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