Point of View For the purpose of this study, the researchers have opted to take the point of view of the working committee formed by the creditors of Victorias Milling Company, Inc. (VICMICO). They are responsible for analyzing the company’s current condition, specifically, the magnitude of its debts and the possible infusion of funds by stockholders. They coordinate with the firm’s management, other creditors, and auditors in order to address the pressing issues of the company. Case Context The Environment In late October 1995, typhoon Pepang hit the country, especially, Leyte, Cebu Negros, and Panay. This typhoon is listed as one of the top eleven (11) worst typhoons in the Philippines because of the casualties it had caused and its damages to property, especially in the agricultural sector because of severe flooding. Moreover, in the years 1993 and 1994, the Philippines …show more content…
358 was issued in order to fill up the sugar quota for the crop year 19995-1996. With this, the majority of domestically produced sugar were exported to the United States whereas, local demand was met mostly from the world market of raw cane sugar. Moreover, the memorandum grants the importation of raw cane sugar tariff-free privileges wherein the importers are able to price the product considerably cheaper than the domestically produced sugar. Moreover, the regulations during this period, penalized producers who invested in technology which increased the sugar content per sugar cane or increased the rate of extraction of sugar per cane. As a result, investment in technology in sugar production was not that appealing to producers. Moreover, the implementation of the Comprehensive Agrarian Reform Program (CARP), which is the division and reallocation of lands to smallholders, presented uncertainties for the future of the sugar industry, which is heavily invested in hectares of land, and made it undesirable to invest in the sugar
Statement of the Problem Among the events that have had a drastic shaping on human events throughout the nineteenth and twentieth centuries are natural disasters. Often times, a natural disaster will leave residents of affected areas in a state of awe as they seek to understand what exactly happened. One such example is Hurricane Hugo.
PASSPORTS AND VISAS DAMAGED BY HURRICANES HARVEY AND IRMA Following the devastation that ravaged Florida and Texas early September after Hurricane Harvey and Irma left hundreds homeless, jobless and emotionally distraught, America Immigration Lawyers Association (AILA), in a bid to ease the suffering of immigrants published a document titled “CBP Practice Alert.” The document was targeted at foreign nationals owning water-damaged passports and visas as a result of Hurricane Harvey and Irma. Following the plague of Hurricane Harvey and Irma, the body (AILA), showed that many foreign residents had their passports or visas damaged by water. The association advised that foreign nationals with such water-damaged documents with the intent of travelling abroad either by air or through the borders should either have their passports/visas replaced before leaving or allow for ample time for application and replacements of new passport before
Sources: https://year9cyclones.weebly.com/cyclone-tracy.html https://nikkihendersongeography.wordpress.com/2012/09/05/effects-of-cyclone-tracy/
Hurricane Grace was a category 2 hurricane that was short lived in 1991. It emerged from a cold front that left the East coast of the United States. On October 28th a extratropical cyclone progressed along a cold front to the East of Nova Scotia. On Oct 27th, Hurricane Grace developed from a pre existing subtropical storm and was originally moving northeastward, had made a turn and headed east. Hurricane Grace was drifted upwards by its cold front into a warm zone of circulation of the deep cyclone on Oct 29th.
Nowadays, there are many corporations contribute from corn a lot, which provides such a countless benefits for them. The factories will apply various aspects on corn in order to amply utilizing it. Pollan points that, “They provide the pesticide and fertilizer to the farmers; operate most of America’s grain elevators; broker and ship most of the
Many years ago a continental drift caused a split between North and South Africa from Eurasia and Africa. The Columbian Exchange was named by Alfred W. Crosby in 1972. It refers to a period of time in which cultural and biological exchange between the New and Old Worlds occurred. By far the most devastating impact of the Columbian Exchange followed the introduction of new diseases into the Americas. Many inhabitants brought diseases such as smallpox and measles.
“Dutch traders decided to transport sugar […] molasses, and rum to Europe and helped [other] planters improve methods of growing and processing sugar cane” (Gillon,
Europe provided demanding market for sugar, cultivation of this crop in the Americans became exceptionally profitable. Later on, the cultivation
Without this exchange of plants Italy wouldn’t have tomatoes, there would be no coffee in Columbia, Hawaii wouldn’t have any pineapples, and there would be no rubber trees in Africa. The Old World exchanged apples, bananas, barley, basil, carrots, garlic, mango, tea, and most importantly sugarcane with the New World. Sugarcane was so important to the New World because it was a good form of sucrose, and was used in coffee, chocolate and tea; this made it very addictive to the Naive Americans. Due to this addictive quality, sugarcane became one of the largest cash crops in history.
Irma was a category 5 hurricane. It hit Florida, debris left lying around everywhere. At least 36 people were reported dead, and over six million people were left without power. The flooding has makes walking the streets dangerous as the muddy water can hide sharp objects along with holes. The (FEMA) Federal Emergency Management Agency estimated that 25% of homes within the Florida keys are completely destroyed, and 65% have had major damage.
Before lending an assessment of Capital is made. The owners of Calaveras and their commitment are to be seen as they have been regularly involved in sustainable investment activities which is a positive sign for the company. Looking at the management, the Vice President has bought almost 85% of total equity and the rest 15% by the operational manager, all these adds to show the confidence of management in the company and the motivation shown in the development of the company. It also adds to the value created and the increase in volume base of the
The sugar trade was a money making machine and was driven by consumer demand, perfect farming land, and the hours of labor. In the seventeen and eighteen hundreds Great Britain had a money making business know as the sugar trade. The sugar trade made it so Britain would buy slaves from Africa and send them over to the Caribbean where they would farm sugar. The sugar trade was affected majorly by consumer demand.
1 Introduction The main issues in this case relates to a mature firm that does not use debt at all and is not taking advantage of the lowest interest rates in nearly 50 years. William Wrigley Jr. Company makes chewing gum, has a leading market share in their line of business, and yet has no debt. Blanka Dobrynin, a managing partner of Aurora Borealis LLC, wants to see if Wrigley Company can take advantage of and benefit from debt. 2
For the Huffman Trucking Company, strategic planning has been an important part of their functions for over 60 years. For a company like Huffman Trucking, financial planning is extremely important to maintain their continued growth and their overall health in the long term. When analyzing the financial statements for the last three years we looked and three separate types of financial statements: the income statement, balance sheets, and the cash flow budget, we will also try and make assumptions to identify the various risks involved in a business like Huffman Trucking. When looking at the various financial statements we attempt also review the cash flow statements and attempt to make recommendations on the implementation of various short-term working capital strategies on the long term cash flows, try and find an explanation of different corporate risk mitigation techniques capital budgeting, and make an analysis of what effect capital structure on strategic financial planning, and how it works to affect risks.
Introduction The main objective of this particular case study is to assist Victor Dubinski, the current CEO of Blaine Kitchenware, decide whether or not repurchasing shares and changing the firm’s capital structure in favor of more debt could actually be benefit the company and its shareholders. Blaine Kitchenware is a small cap, public company who focuses on selling various different residential kitchen appliances. Up until this point, the company has only used cash and equity financing to acquire independent kitchen appliance manufacturers, and expand into foreign markets abroad. Given their excess cash and lack of debt, Blaine Kitchenware is considered to be “over-liquid and under-leveraged” (Luehrman & Heilprin, 2009).