Walt Disney Solvency and Capital Structure free essay sample

Included in the assets are accounts receivable, office equipment and real estate, while possible debt items are short-term loan interest and long-term bond debt. Usually small debt-to-asset ratios indicates lower lending risk, and a bigger ratio could have as a consequence higher borrowing interest rate and the possibility of some denial of new loans. Time Warner Inc. s Debt to Total Assets Ratio increased from 2010 to 2011, by 9. 8 % and Walt Disney Co. s on the other side only increased by 4. 35 %. Both companies ratios are above the industry average but Walt Disney definitely had not only better numbers but also better behavior from 2010 to 2011. Long Term Debt to Equity Ratio Long Term Debt to Equity | 2011| 2010| Walt Disney Co. October*| 0. 29| 0. 27| Time Warner Inc. December*| 0. 65| 0. 50| Industry Average| 0. 56| 0. 49| The Long Term Debt to Equity Ratio expresses the relationship between long-term capital contributions of creditors as related to that contributed by owners (investors). Long-Term Debt to Equity expresses the degree of protection provided by the owners for the long-term creditors. We will write a custom essay sample on Walt Disney Solvency and Capital Structure or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When a company has a high long-term debt to equity is considered to be highly leveraged. Walt Disney not only maintained a lowest ratio in relation to Time Warner between 2010 and 2011, but the increased was also smallest (7. 4 %) compared to Time Warner (30 %). Short Term Debt to Total Debt Short-term debt are the companys liabilities that are due to be paid within one year. Short term debt ratio measures whether a company will be able to meet its short-term  debt obligations using a comparison with the companys current assets. Short Term Debt to Total Debt| 2011| 2010| Walt Disney Co. October*| 0. 35| 0. 35| Time Warner Inc. December*| 0. 24| 0. 26| Walt Disneys Short Term Debt to Total Debt ratio stayed the same from 2010 to 2011 and Time Warners decreased by 7. 69 % indicating that the ability to pay for Time Warner is not only better in both years but it is also improving while Disney remains the same. Interest Coverage ratio (Earnings Basis) Interest Coverage Ratio | 2011| 2010| Walt Disney Co. October*| 24. 45| 17. 20| Time Warner Inc. December*| 4. 61| 4. 33| Industry Average | 11. 2| 9. 87| The Interest Coverage Ratio (Earning Basis)   is used to determine how easily a company can pay interest on outstanding debt  using its earnings before interest and taxes . This ratio is calculated by dividing a companys earnings before interest and  taxes  (EBIT) of one period by the companys  interest expenses  of the same period. A high  interest coverage ratio  could be a sign that the company is not using properly the opportunities to increase  earnings  through  leverage and is usually of a particular interest for lenders. The lower the ratio, the higher the companys debt burden and the greater the possibility of bankruptcy or default. Time Warner Inc. s Interest Coverage Ratio increased from 2010 to 2011, by 6. 5 %. Walt Disney Co. s on the other side increased by 42. 2 % with a clear greater ability for the company to take care of their debt interest. Interest Coverage Ratio (Cash Flow Basis) Interest Coverage Ratio| 2011| 2010| Walt Disney Co. October*| 29. 51| 22. 74| Time Warner Inc. December*| 5. 08| 4. 96| Interest Coverage Ratio (Cash Flow Basis) expresses whether the company can meet its interest payments on a cash basis. This can be important if the company has significant non-cash expenses (like depreciation) or non-cash interest expense. From 2010 to 2011, Time Warner Inc. s ratio increased by 2. 4 % and Walt Disneys increased by 29. 8 %. Free Cash Flow Free Cash Flow (in millions)| 2011| 2010| Walt Disney Co. October*| 2,679| 3,815| Time Warner Inc. December*| 1,679| 1,712| Free Cash Flow represents the cash that a company is able to generate after  laying out the money required to maintain or expand its asset base. Free  cash flow is important because it  allows a company to  pursue opportunities that enhance shareholder value. Without cash, its tough to  develop new products, make acquisitions, pay dividends and reduce debt. From 2010 to 2011 Walt Disneys cash flow had a considerable decrease of 29. 8 % clearly showing how Time Warners did much better with a small decrease of 1. 93 %. Solvency and Capital Structure Recap Taking in consideration the ratios used to analyze the solvency and capital structure for Walt Disney and Time Warner we can arrive to the conclusion that Walt Disney shows better results during the two year period from 2010 to 2011. Walt Disney has shown a clear better ability to

Pokemon And Beyond Essay Research Paper Pokmon free essay sample

Pokemon And Beyond Essay, Research Paper Pok? Monday and Beyond Imagine for a minute a small male child raising his sleepy small caput off his Pokemon slip, mounting reluctantly out from underneath his warm Pokemon cover, interchanging from his Pokemon pyjama into his favourite Pokemon T-shirt, imbibing his forenoon juice from his darling Pokemon cup. All the piece, he is doing his manner into the household den to watch his favourite sketch, Pokemon. A typical twenty-four hours begins like this for kids in families all over the state. Evidence of the Pokemon phenomenon is everyplace: on telecasting, in film theatres, at fast-food eating houses and in merchandises of every imaginable type. There are Pokemon pictures, playthings, books, package, videogames, trading cards, school supplies, vesture and toilet articless. The Pokemon trade name is a five billion dollar industry worldwide. The prosperity of Pokemon has attracted negative attending from parents, pedagogues and childhood experts. We will write a custom essay sample on Pokemon And Beyond Essay Research Paper Pokmon or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Labeling a merchandise either good or bad on the footing of net income is incorrect. The worth of a plaything should be determined by the educational value for a kid instead than pecuniary net incomes. The lone downside to Pokemon? s success is it? s success. The Pokemon fury has spread like wildfire through schools and communities by word of oral cavity? the old fashioned manner. Although scarce, advertizements for Pokemon entreaty to the demand for association, the demand to accomplish and the demand to rule. The whole Pokemon phantasy is cognitively prosecuting for the targeted audience of kids from six to fourteen old ages old. Parents should be speedy to see the positive benefits of Pokemon for their kids by looking beyond the promotional fad. While Pokemon passion is prehending the attending of childs across the state, pull the leg of? s civilization has been making this for a long clip. There have ever been kiddy fads. For illustration, in the 50? s the hit telecasting show Davy Crockett set off a coonskin cap fad. During the 60? s, kids everyplace watched Howdy Doody sacredly while directing off for awards and fall ining his nine. In the 70? s childs were brainsick for Puff n Stuff to the full equipped with the latest metal lunchbox exemplifying their passion. Small bluish elves called the Smurfs dominated the 80? s. While in the 90? s, Teenage Mutant Ninja Turtles and the Mighty Morphin Power Rangers lit up the media and hard currency registries. Today? s kids are no different than of yearss gone by. Tim Burke, a cultural history professor and writer of Turning Up with Cartoon Culture, says, ? Pokemon is a cultural phenomenon non merely a plaything craze. It? s an astonishing piece of chemistry, the manner one link has seamlessly led to another # 8230 ; Pokemon has set a new criterion? ( Maurstad. ) Parents should acknowledge that Pokemon is a cardinal portion of childhood merely as their favourite sketch character was an of import portion of theirs. For the Pokemon nonreader parent, understanding the beginning of Pokemon can be every bit confusing as replying the proverbial question-which came foremost the poulet or the egg? Despite the promotion generated by the trading cards, the bosom of Pokemon is a game cartridge for the Nintendo Game Boy. Pokemon began in Japan in 1996 and the game has swept across the United States at an accelerated velocity. The game takes topographic point in an fanciful land inhabited by 150 animals called Pokemon, which translates to pocket monsters. The object of the game is for the participant, called a trainer, to catch as many of the animals as he or she can, hence the motto? Got ta Catch? Em All. ? Once caught, the animals catch other Pokemon and the trainer receives badges in hopes of going a Pokemon maestro. Interestingly, Pokemon do non decease in conflicts. They simple fall asleep or swoon at which clip they are taken to the Pokemon Center where they can be restored. Parents should acknowledg e that Pokemon is a game of scheme non blood and backbones. Unfortunately, parents across the state become excessively concerned when they hear the term pocket monsters. Ebeneezer Smith, a curate from the Landover Baptist Church in Iowa, claims, ? Pokemon plaything and games are merely sugar coated instruments of the supernatural and evil? ( Landover. ) To drive place his point, the curate burned Pokemon trading cards and pictures with a blowlamp while the fold chanted, ? burn it, chop it and kill them all. ? Granted monsters make for perturbing playfellows, monsters have a manner with kids. Take for illustration, Pikachu, who is the cutest mouse since Mickey and the me rchandising title-holder of all the Pokemon monsters, is stealing the Black Marias of kids all over the universe. My eight-year-old girl cried during a portion of the Pokemon film in which Pikachu was hurt. Such a show of empathy from a kid should be heartwarming to any parent. However, Sesame Street, whose chief characters are monsters such as the cooky monster, Oscar the grouch, Telly and Elmo, does non have negative attending from the media and is considered wholesome and educational telecasting for kids. Parents should look away from the negative promotion to see the true educational value of Pokemon. In Sports Illustrated for Kids, an advertizement for Pokemon trading cards entreaties to a kid? s demand for association, accomplishment and laterality. The ad asks the kid to believe of the best field trip imagineable and tells them that the Pokemon Trading Card League is one 100 times better. On this field trip, the kid can larn to be a Master Trainer, earn official trainer badges and particular game cards and do new friends ( Sports Illustrated. ) Pokemon combines game playing with roll uping. Parents can associate through their yearss of roll uping and geting baseball cards or dolls. Yet the best analogy is marbles, childs collect the marbles to play the game merely to get more marbles from their oppositions. Pokemon is cognitively appealing to kids because this is where they are at developmentally. Children like the ordination, calculating and categorising which is involved in get the hanging the art of Pokemon. Pokemon is a unambiguously positive game. Stephanie Pratola, a chil d psychologist, explains, ? You have to look at in the context of our civilization. We are all haunted with geting things and we can? t anticipate our kids to lift above our civilization? ( Hooked. ) Contrary to popular belief, Pokemon has positive lessons to be learned. First, the game is a societal clip for kids to prosecute in friendly drama. Second, the game Fosters cooperation. It takes the aid of one? s playfellows to gaining control and develop all one hundred and 50 plus Pokemon. Third, the game helps the participant develop accomplishments in scheme, believing and memorisation. The game besides encourages a kid to develop reading accomplishments so he can accomplish command. Fourth, the game promotes dialogue and organisation accomplishments that may be utile in life. Pokemon helps develop accomplishments in the life of a immature individual that will supply a foundation for success. Parents should be speedy to see that Pokemon encourages traditional values such as empathy, cooperation, obeisance and humbleness. Becoming a existent Pokemon trainer takes compassion, duty and teamwork. Parents should be proud to hold such positive qualities blooming within their kids. In f act, Dr. Joyce Brothers praises the phenomenon? s value by reflecting that the whole point of the game is to salvage person, develop them, experience duty and compassion ( People Weekly. ) In decision, many companies are acquiring rich as a consequence of the Pokemon passion. Nintendo, which created the game that started the fad ; Hasbro, which locked in on the plaything licenses ; Aces of the Coast, which invented the card game and Warner Brothers, which bought the rights to the sketch have generated net incomes into the 1000000s apparently at the disbursal of our kids. But parents should non throw the babe out with the bath H2O. Parents must be speedy to see the positive societal and educational benefits Pokemon provides to their kids. In the interim, parents can remind themselves that every fad runs its class. Where another coevals of childs had Howdy Doody or Teenage Mutant Ninja Turtles, this 1 has Pokemon. Let the childs enjoy it while it lasts. Concerned Women for America. ? Hooked on Pokemon: Is Pokemania Harmless Entertainment or an Addiction? ? 1999 hypertext transfer protocol: //www.cwfa.org/library/family/1999-12- 21_ent-pokemon.shtml. ( I couldn? T get the reference to indent, I tried and gave up. ) Landover Baptist Church. ? Pokemon? Poke Yourself, Satan! ? 1999. 14 June 99 hypertext transfer protocol: //www.landoverbaptist.org/news1099/pokemon.html Maurstad, Tom. ? Today? s Pokemon Craze Goes Where No Smurf Has Ventured Before. ? Tribune News 9 Nov 99: K33723. ? Pokemon, Sorry Mom and Dad, it? s Strictly a Kid Thing ; You Wouldn? t Understand. ? Peoples Weekly. 31 December 99: 52. Pokemon Trading Card League. Advertisement. Sports Illustrated for Kids. June 2000: 1

Writing a Scholarship Essay - Using the Best Strategies Available

Writing a Scholarship Essay - Using the Best Strategies AvailableWriting a scholarship essay can be one of the most frustrating parts of college. This is where the scholarship money is, and it's an area of your life that you're not familiar with. Fortunately, there are many examples in online scholarship essay samples that can help you get started and have your work cut out for you.The best place to start with your scholarship essay sample is by using the most successful samples available. If you already know what you want to say, this will be easier. If you don't know what you want to say, you'll need a sample.It's a good idea to use a sample that has a subject that you are familiar with. Then, ask yourself if you would apply the information in that sample if you were applying for the same scholarship. If you do, you can apply the information from the sample to your own situation and write a more effective essay.Every scholarship or grant money comes with restrictions on what kind o f material can be used. Some scholarships offer only high school students and others give only organizations. The best way to make sure that you're getting your scholarship money the right way is to take a look at your scholarship papers and see if there are any restrictions or subjects that are barred from being covered.There are many different types of scholarships that offer community involvement. There are also many different types of activities that can get you the community involved. Some of these may include: science fairs, chess clubs, poetry slams, musical theater productions, nonprofit service projects, writing competitions, and so on.In order to receive the funding that you need to support community involvement, you will need to include this information in your essay. Some programs will not pay for many things but will provide you with materials that you can use for your project. If your assignment doesn't allow you to do that, it might be wise to write about something el se that you have the skills for.If you find a community involvement project that is similar to what you would like to do, talk to the organizer about their requirements. They should be able to tell you what they require in terms of your materials. You will also need to send them all of your samples.Remember that the only way to win a scholarship essay is to make it unique. Use as many resources as possible. A scholarship essay sample will give you inspiration and will give you some great tips on how to create a great one.

The British North America Act (BNA Act)

The British North America Act (BNA Act) The British North America Act or BNA Act created the Dominion of Canada in 1867. It is now referred to as the Constitution Act, 1867, as it is the basis of the countrys constitution. History of the BNA Act The BNA Act was drafted by Canadians at the Quebec Conference on Canadian Confederation in 1864 and passed without amendment by the British Parliament in 1867. The BNA Act was signed by Queen Victoria on March 29, 1867, and came into effect on July 1, 1867. It solidified Canada West (Ontario), Canada East (Quebec), Nova Scotia and New Brunswick as the four provinces of the confederation. The BNA Act serves as a base document for the Canadian Constitution, which is not a single document but rather a set of documents known as Constitution Acts and, just as importantly, a set of unwritten laws and conventions. The BNA Act set out the rules for the government of the new federal nation. It established a British style parliament with an elected House of Commons and an appointed Senate and set out the division of powers between the federal government and provincial governments. The written text of the division of powers in the BNA Act can be misleading, however, as case law plays a significant part in the division of powers between governments in Canada. The BNA Act Today Since the first act forming the Dominion of Canada in 1867, 19 other acts were passed, until some of them were amended or repealed by the Constitution Act, 1982. Until 1949, only the British Parliament could make amendments to the acts, but Canada assumed  full control over its constitution with the passage of the Canada Act in 1982. Also in 1982, the BNA Act was renamed the Constitution Act, 1867.

Lysons and Farrington (2006) propose that at least three drivers have Essay

Lysons and Farrington (2006) propose that at least three drivers have influenced, and are influencing changes to the purchasing - Essay Example It had firmly developed itself as the dominant coffee brand, coffee retailer and coffee bean roaster in North America. It owned more than 1,500 stores in the Pacific Rim and North America and opened new stores at the rate of more than one store per day. The closest competitor of the company had as fewer as 300 retail stores. Since launching its IPO in 1992, the company has seen an increase of nine fold in its stock price (Starbucks Corporation, n.d.). Introduction Originally, Starbucks was formed by three academics – in 1971. They were Zev Siegel, Jerry Baldwin and Gordon Bowker. The founders of Starbucks opened the first store in Seattle to which they called as â€Å"Starbucks Coffee, Tea and Spice†. Slowly and gradually, the company began to pave the ways of growth and by the early 1980s, the company had a plant for roasting coffee beans and four retail stores, which sold whole-bean coffee. Ever since it started trading, Starbucks has been very lucrative (Starbucks Co rporation, n.d.). In March 1987, Gordon Bowker and Jerry Baldwin decided to sell entire operations of Starbucks in Seattle, including the roasting plant, the retail stores and the brand name, Starbucks. Howard Schultz raised capital and instantly bought the company. The new name of the company was Starbucks Corporation. Howard Schultz became the CEO and president of the company when he was 34 years old. In his first few years, Schultz spent most of his time in four Seattle stores – tasting different kinds of coffee, working behind counters, getting to know the personnel, talking with customers and educating himself regarding different aspects of coffee business. Schultz was abundant with ideas for developing and improving the company. Early on, Schultz observed that customers feel uneasy in stores due to their lack of knowledge regarding fine coffee and because store personnel get little arrogant sometimes. In order to resolve these issues, Schultz worked with employees to cu ltivate customer friendly sales skills and developed brochures to make it easier for customers to learn pertaining to fine coffee (Starbucks Corporation, n.d.). The specialty coffee industry began to grow dramatically between the period of 1980s and 1990s. A large number of experts believed that differentiated coffee reinforced by specialty coffee industry would continue to upsurge much faster than traditional coffees. However, the meaning of specialty continued to be refined in United States (Starbucks Corporation, n.d.). In 1991, the company ventured into the licensed airport stores, mail-order catalogue business, expanded to California and has more than 100 stores. In 1992, the company went publicized. By 2005, the company had more than 10,200 licensed and company operated stores in more than 35 countries. The retail stores of Starbucks offered food items, coffee drinks, beans, tea, coffee accessories and music. Starbucks Corporation owned over 5,200 stores in 10 countries, 80% o f which were located in America, primarily in the areas such as airports and shopping centers whereas licensed stores were over 2,800 in 28 countries. In addition to that, Starbucks marketed coffee through local grocery stores and registered its brand for other beverage and food items. The most recent statistics from January 2, 2011 showed the total count of stores of Starbuc

AARP (outline) Research Paper Example | Topics and Well Written Essays - 500 words

AARP (outline) - Research Paper Example The organization targets members of the society that are 50 years and above, since this is the segment of the population that is retired active participation in the professional field. According to Bouchard, Blair and Haskell (2012), this age bracket is also the most vulnerable to the effects of health, and poverty. Therefore, it is essential that their welfare is taken care of, and this is where AARP intervenes. It also advocates for the welfare of its members and has significant influence among the lobbyists in the US. The organization boasts of a membership of 38 million individuals, making it one of the largest organizations based on membership numbers in the US. The status of the organization came under scrutiny with the senate discussing whether it should be classified as a business or if it should be given the status of a nonprofit. Eventually AARP was cleared though some doubts over its operations still lingered. According to Schmidt et al. (2012), AARP is a non-partisan organization in that it takes a neutral stand in matters of politics. This means that the organization does not openly endorse political candidates or takes part in fundraising activities for aiding a political candidate to be elected. They take this stand in order to avoid a clash of interest when carrying out their mandate (Schmidt et al, 2012). According to information posted on the organization’s website, the organization is aiming to ensure that the elderly realize their rights in order for them to remain an integral part of the society. This can only be achieved when the elderly can access the basic needs, and have financial independence. This will make the elderly feel secure, hence improving the quality of life of their members (AARP, 2012). The organization is famous for the mandate that it carries out among the American population. The organization has taken up the task of addressing the issue affecting the elderly

Trafficking and Prostitution Essay Example | Topics and Well Written Essays - 4250 words

Trafficking and Prostitution - Essay Example As the report stresses feminist philosophy is a subject which has acquired much attention in the past decades regarding speculative arguments and practical politics. It is us who create and visualize differences, differences based upon characters and differences that emerge as if woman is entitled to a separate class. Despite these differences, feminist philosophers are able to gather and unite woman in a single perspective which in the vision of a philosophical mind is free of the misogyny and male bias that have characterized so much of Western philosophical tradition. Feminist philosophy’s challenge to this tradition has been the challenge of repairing the distortions, centring the marginalization, and valorizing what were once considered the trivial, if not invisible, facets of woman’s nature, woman’s knowledge, and woman’s happiness According to the report findings contemporary feminists believe that unless and until the feminist philosophers are free to attend towards women’s diversity, women will remain stereotyped by the same kinds of restrictive and historical paradigms as those advanced by traditional philosophy. Therefore, many feminist philosophers have not only researched women’s experience but have also advocated the exploration of the complexity and variety of women’s experience. It is through such exploration that women found themselves open to accept learning attitudes in context with their inner voices and morality differentiated by such features as race, class, and sexual preference. Critics say that by possessing such bold opinions, feminist lit hope to avoid the essentialism of claiming some single, immutable, and universal nature of 'Woman'. A 'Prostitute' Class Many feminists perceive prostitution to be among one of the classes in society. Pro-sex work feminist advocates believe that a 'free-sex' choice must be legally provided to the women for 'prostitution' is a profession after all and a woman possesses a right to choice. Feminists say that prostitutes are not only similar to other women in their society; they also possess a right to acquire the same rights as that of a