Massey Essay Example

Massey Essay The high level of debt must be reduced but due to the financial distress the company is facing most options are not feasible They should hedge their foreign currencies used in their global operations so to reduce the exchange rate risk they are currently facing Hypothetically the best option would be to reduce debt by paying the bank borrowings. Especially their short-term debt in order to ease operations and reduce liquidity risk They could also issue more equity in order to improve their DIE ratio and therefore seem more solvent to the market players Q: Describe briefly Massey capital structure in 1976. In your view, is this a good capital structure for Massey? ; Massey capital structure: debt (40% SST, LTD) to 40% equity. ; Far from optimal structure as Massey was financed by too much debt and also too much of it was short term. Even worse when taking into account the multiple risks of its business Reason: debt cheaper than equity, tax savings and helped Massey achieve the objective of rapid growth and gain world market share (really successful up to 1976). However, this resulted in more risky equity and financial distress in the end ; Mackeys financial strategy during 1 976 had higher financial leverage than its competitors. Observable from all liquidity ratios, especially coverage ratio ; During Mackeys good times, because of all the involved risks and the capital intensiveness of the industry, Massey should have taken advantage of its healthy financial position and issue more equity instead of debt, which would have been closer to its optimal capital structure. We will write a custom essay sample on Massey specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Massey specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Massey specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Today a Boy, Tommorow a Man

Today a Boy, Tommorow a Man Free Online Research Papers People are often the products of their environment. A wealthy person has more of a chance to do the more pleasurable things in life than a person who is struggling to find food does. A person who is brought up in a household where no one drinks is less likely to become an alcoholic than one who is brought up in the home of alcoholics. A person’s environment can play a role even in simple things, like whether or not that person is allowed to grow up and mature. In The Man Who Was Almost a Man, Richard Wright depicts two sides to the main character in the story. He shows Dave as both a man in some ways, and a boy in others. Dave is as much a man as his environment allows him to be. Dave is in many ways a man. The first thing that should at least make Dave nearing manhood is his age. â€Å"Ahm seventeen. Almost a man. (Wright 1228) he says to himself as he strolls home after a hard day at work. A male nearing the age of 21 which is the age at which society calls a person a man, should be able to make mature decisions. Dave does make some mature decisions. He goes to work every day and does a good job. He tells his father Research Papers on Today a Boy, Tommorow a ManThe Effects of Illegal ImmigrationStandardized TestingBook Review on The Autobiography of Malcolm XCapital PunishmentHonest Iagos Truth through DeceptionTrailblazing by Eric AndersonGenetic EngineeringMind TravelPersonal Experience with Teen PregnancyHarry Potter and the Deathly Hallows Essay

Packaging Power Proposal Assignment Example | Topics and Well Written Essays - 250 words

Packaging Power Proposal - Assignment Example The new proposed packaging will be made up of plastic. The plastic will have a similar shape to the traditional packaging used, but the packaging will have the capability of individually packaging each egg. The packaging can be separated into 12 individual mini boxes that protect each egg. There are many advantages to the new packaging design. The customers who buy the dozen will be able to separate the eggs which will save the customers freezer space. The stores who sell eggs including supermarkets will have the ability to sell eggs by the single unit instead of forcing the customers to buy 12 eggs. For a single person 12 eggs are sometimes too much since the person will not be eating eggs every day. Another advantage of the new packaging is that companies can put designs in the plastic material to make the product more attractive. Appendix A: Packaging of eggs (Babylon, 2011). References Babylon.com (2011). Dozen egg carton. Retrieved June 10, 2011 from http://search.babylon.com/?q =dozen+eggs+carton&babsrc=HP_ss&s=img&as=0