Clinton Administrations Proposal To Increase Taxes For Multinational Co

My topic is the increase if the taxes which Clinton Administration is planning. This increase in taxes will target "multinational Corporations, end the favored tax treatment of extra long term bonds", It will also raise capital gains taxes by â€Å"changing the rules for computing the cost basis of securities when they are sold at a profit†. What this will do is increase the taxes for the rich and will decrease the difference between the rich and the poor. The plan is intent on cutting the middle class tax and finance higher education (yeah right). The current tax law decreases the Federal Treasury Revenue and makes the economy less efficient or less competitive. The multinational tax would disallow multinationals to assume half of their goods are foreign even if they are made in the US. Thus they could export to a country with low taxes and thus pay less taxes. This change would bring an increase of 7.9 Billion in corporate taxes over the next 5 years.   Ã‚  Ã‚  Ã‚  Ã‚  This withdraws a lot of money from the economy and may thus decrease demand for goods, as people have less money to spend. The multinationals would employ many people and with and increase in their cost (tax is a type of cost) they would be forced to decrease the average amount of wages which the their employees received. This may take the form of decreased raises, or the laying off of some people. This would thus decrease aggregate demand for goods Nationally (as Multinationals would employ people in th...

The Jungle Descriptive

The Jungle As the sun rose over the horizon it awoke the jungle slowly and efficiently. Soon I could hear the morning birds chirp with all their heart and that triggered joy and excitement in my soul. A morning breeze toured the jungle making the flowers and leaves tango with rhythm and finesse as though they were experts. The lush evergreen trees stood so firm as if the roots were clinging for their very life, in the distance there was a Crystal River and a waterfall as its source.I could hear the rampaging rapids after the dip of the waterfall which slowly converted into a swift river forcefully turning at every bank. The river cut through the middle of the jungle and diverted into another as a tributary. Finally, the lions, the big boys of the jungle roared to announce their presence after their pleasant peaceful slumber after gnawing on a flavorsome gazelle the night before. The leopards however, refused to announce their presence not only because they are a conventionally shy sp ecies but to also stay under the radar so they could catch their morning meal more easily.I slowly knelt down and let my hands explore the terrain beneath me although it looked rough and sandy it was cool and comforting and after a few moments my body was persuading me not to let go, as I listened to my body trying to induce me, more and more I felt the urge not to let go I wanted to kneel there the whole day and let the sand satisfy my dry hands, but I did not let it manipulate me and slowly I started to get up. As I was getting up a chameleon caught my eye even though it was skillfully disguised, I bent down again then reached out to touch it.I could see the centre of the neck throbbing faster as I was getting closer, it was hesitating possibly thinking I was a new addition to the jungle and wanted to feed on it. It, however, did not move, as I reached its airspace I touched its skin with my bare finger tips, it felt rough and scaly. The throbbing on its neck soon slowed down as i t realized I had no interest in eating it, I slowly backed out of its airspace and stood hurriedly and once again I was mesmerized by the extraordinary view.As I observed the jungle I noticed a grape tree not too far from where I was, so I quickly dashed next to it and took a look at its beauty which put me in a day dream for about five seconds before I regained my senses. I spotted a ripe grape screaming â€Å"eat me†! I reached for the grape with all my soul, as my mouth began to water, I snatched it violently eager to please my taste buds and quickly placed it in my mouth. I let the grape roll underneath my tongue and back on top where I balanced it as my body prepared for godliness.As my mouth began to flood with saliva signaling it can’t wait any longer, I crushed the grape with my first molars and the flavor exploded as if I had set of a bomb. I could feel, taste and analyze all the different flavors and dyes as if I was a living chromatogram, my taste buds eased with satisfaction as the appetizing juice ran down my throat followed by the violet exterior. I stood there with my eyes closed, captivated by what I had just experienced and convinced that this was truly the work of God.The aroma of the vegetation of the whole jungle mixed all together and formed a smell that engulfed the air around me creating heavenly humid atmosphere. I took a deep breath in not wanting to exhale and wishing that it could be a replacement for oxygen, I could feel little drops on the tip of my nose that were tickling me. As I basked in this atmosphere it felt like I was in another dimension, and that I had escaped from this planet to paradise. As evening approached I laid back on the comforting sand witnessing the sunset which said â€Å"goodnight† to the whole jungle.The more the sun went down the quieter it became and the nocturnals would be saying â€Å"good morning† to each other and they would start preparing to catch their breakfast. The bird s were slowly returning to their nests, the lazy lions were already asleep, the lurking leopards had returned to their resting place and the sneaky serpents had swiveled their way home. Soon the sun had completely descended and the full moon appeared bright with is stars that were constantly winking at me. The whole jungle was pin drop silent; it had fallen asleep, as did I.

Effect of Single Parenting to Children Essay

Traditionally, a family is viewed to be composed of a mother, father, and a child or children. Family is also considered as a sacred that should be bind by love. In a family, the mother is tasked to take care of the child and the family while and father is responsible for the financial matter. In addition, in the conservative point of view and even practiced in the early days, a woman who bears a child out of wedlock suffers societal humiliation. In some countries, such woman is also being punished or even executed because having a son outside a marriage was considered as a sin. However, in the present era, pre-marital sex, divorce, single parenthood is highly accepted in the society. Woman and man are now liberated. In the society, a family does not necessarily require two parents. But rather, it has been accepted that family can be composed of a mother or a father and a child. Due to various factors, single parenthood cannot be prevented. The rise of the percentage of man or woman entering into a stage of single parenthood was brought about by their adventurism and liberation (Magnier). According to research, there are two out of ten women who are single parent (Magnier). The number is also increasing due to various factors. Consequently, a single parent affects the development of the child. The overall development of a child would certainly be affected when reared by a single parent. As to financial matter, there is tendency that needs and wants of the child will not be provided by the single parent. Notably, one of the advantages of having a complete family is that the mother and father are partners in sustaining the financial needs of the family. In a single parent family, the economic deprivation would create stress and strain not only to the parent but also to the child (â€Å"Single Parent Families- The Effects on Children. †). As a result, the child would develop self-pity and have a tendency of being rebellious if his needs and wants are not given. More importantly, through problem in income, the single parent may not be able to provide proper education and healthcare to the child. The economic status of the single parent greatly affects the development of the child. According to research, a considerable percentage is composed of single parent. Since the single parent hardly provides a good life to the child, the tendency would be to live in an inferior and populated housing system (Bornstein 110). As a consequence, the child would be exposed to a deteriorated and dangerous neighborhood (Bornstein 110). Exposures to such kind of neighborhood would increase their tendency of engaging in illegal activities or commission of crimes. Additionally, both sociologist and psychologists believe that a child of a single parent experiences difficulties in his or her emotional and psychological adjustment (Bornstein 109). The child’s school performance and educational attainment is likewise affected (Bornstein 109). The child experiences difficulties because of his or her exposure to criticism, ridicule, and discrimination. It is noteworthy that as the child grows, he is exposed to a wider social environment. Among children, their mental capability of understanding the issue is not clear because they believe that a family is composed of a mother and a father. Single parenthood would create in their minds several questions that will eventually make them conclude that a child of a single parent is pitiful and disgraceful. These prove that single parent is more susceptible to societal predicaments. The societal problem will instill in child’s mind an unwanted emotional state. The child of a single parent has also the tendency of entering into marriage at an early age, pre-marital sex, drug abuse, gangs, and other societal problems. Moreover, the child would likely become more aggressive and rebellious as a result of the discriminations he or she may suffer (Magnier). In some children, they may develop inferiority as they find it hard to compete with others in many aspects. Although the aggressive or rebellious behavior of the child may not appear at an earlier stage, such may be developed as the child grows. Hence, it is necessary for the parent to guide the child’s development. As to educational aspect of the child, the absence of a father or a mother greatly affects the child’s performance. In school, there are activities that require the presence of the parents. But, in the case of a child having a single parent, cooperation in such activities would be impossible. Among the effects includes higher absentee rates at school, higher dropout rates, lower level of education, and engagement in delinquent activities such as drug addiction and alcohol abuse (â€Å"Single Parent Families- The Effects on Children. †). If these continue as the child grows, the child may end up to nothing and be involved in criminal activities. From the above stated, it is clear that single parenthood extensively contributes to the development of the child. The mental, emotional, physical, psychological, and social aspect of the child is impaired by the nature of the family he or she is exposed to. As the child grows, he or she is exposed to discrimination because of having a single parent. In addition, the child is deprived of the feeling of having a father or a mother. Significantly, a child demands a lot of things and becomes inquisitive as he or she grows. As a consequence, the single parent would deny or make excuses until the child stop asking. However, on the part of the child, a mental and emotional state would be developed. Furthermore, the child would become a society’s problem if not properly reared by the parent. Hence, in order to prevent the negative consequences of a single parenthood on the child, it is necessary that the parent should exert every effort in guiding the child as he or she grows. Works cited Bornstein, Marc H. Handbook of Parenting: Being and Becoming a Parent. New Jersey: Lawrence Erlbaum Associates, 2002. Magnier, Jenny. 14 March 2007. â€Å"The Effects of Single Parenting on Children. † Ezine Articles. 7 April 2009 < http://ezinearticles. com/? The-Effects-Of-Single-Parenting-On-Children&id=488617>. â€Å"Single Parent Families- The Effects on Children. † 2008. Marriage and Family Encyclopedia. 7 April 2009 .

Target Financial Analysis

Juan A. Torres Rodriguez D01596038 Mini Case Assignment Target Corp. started in 1902 as Dayton’s Dry Goods company. At 1911, Dayton’s Dry Goods is renames as Dayton Company, and commonly known as Dayton’s Department Store. In 1946 Dayton’s Department Stores started giving the community back 5% of their pretax profits, a practice that Target Corp still maintains. During the 1960’s Dayton’s create a new kind of store to appeal the masses called Target, opening the first Target store in the Twin Cities on May 1, 1962. The industry sector in which Target Corporation competes is in the retail sector reaching the $62. 7 Billion in sales. As mentioned above, Target competes in the retail sector, which makes the operating risks of the company mainly focused on customer’s perceptions, differentiation of brand, and anticipating consumer preferences to boost their sales, gross margin and profitability. If we take a look at Target’s 10K, th e first risk factor they mention is the ability of differentiate the business from other retailers by creating attractive value propositions through a careful combination of price, merchandise assortment, convenience, guest service and marketing efforts.Another risk that all companies in this sector face is the macroeconomic condition of the country and the impact this has in their consumers. This lead us to the financial risk the company might have. One of the financial risks we have to consider in any type of company is the debt to total capitalization ratio. Based on financial information of their 2011 report, we can calculate the debt to total capitalization ratio in the following manner: Total debt: 15,726 million Total stockholder’s equity: 15,487 million, therefore: 15,726 / 31,213= . 50 or 50%Comparing their debt to total capitalization ratio with industry average, Target’s is too high. The industry debt to total capitalization ratio is 0. 36. Comparing the fin ancial information of previous years Target went from 0. 58 in 2009 to 0. 52 in 2010, to 0. 50 in 2011. Overall, Target is improving significantly their debt to capitalization ratio, but still has some work to do. In regards of Target stock, currently they don’t have any preferred stock outstanding, just common stock. Target’s common stock is traded in the NYSE as TGT. The price of it’s common stock as of today is $62. 0, going up 0. 06 points. Target’s cash dividend yield on the Common Stock is 0. 0192 = 1. 92% = 2. 0: Cash dividends declared per share: $1. 20 Current stock price: $62. 50 Cash dividend yield= 1. 15 dividends declared/ 62. 50 stock price = 1. 92 = 2. 0 Target’s market capitalization is: 668. 4 million shares issued and outstanding x $62. 50 of stock prices = 41. 8 Billion Continuing with Target’s capital structure, if we look at Target’s liabilities section: Short portion of Long-Term Debt = $3. 3 Billion Long-term de bt = $15. 2 Billion Therefore the total debt for Target would be: . 3 B + 15. 2 B = 18. 5 Billion Dollars Taking the previous calculation of Targets market capitalization of 41. 8 the total capitalization would be: 18. 5 B + 41. 8 B = 60. 3 Billion, or: 31% Debt 69% Equity As of November 18, 2012, Target’s current beta is . 48. Now if we would like to calculate what would be Target’s new beta without the long-term debt (unlevered beta) we need to use the Hamada formula for the unlevered beta bu= b/ [1 +(1-T)(D/S) bu= . 48 / [ 1 + (1-34. 3%) (18. 5/40. 6)] bu= . 37 If Target would not have any long-term debt, its beta would be of . 7. Moving to Target’s current Marginal Tax Rate, according to the Income Statement found at Target’s annual report, the rate is 34. 3%. In order to calculate Target’s Cost of debt before and after taxes, we need to look for the bonds issued by a corporation. Since Target has not issued bonds, I took the cost of a long-ter m debt due in 2020 as my example. The rate of that long-term debt is 3. 875%. This would be the Cost of debt before any taxes taken. Now to calculate the Cost of Debt after tax, we need to proceed with the following calculation: 3. 875 ( 1 – 34. %) = 2. 545875 As mentioned before, Target doesn’t have any preferred stock. We can calculate the Cost of Equity using the Risk Free Rate of 3. 00% and a Risk Premium of 7. 5% points. Using the new beta of . 48 we can determine what is the Expected Total return by Common Stockholders: rRF = 3. 00 rRP = 7. 5 b= . 48 Cost of Equity = rRF + (rRP x b) =3. 00% + (7. 5% pts x 0. 48) = 0. 066 ? 6. 6% Given the dividend yield of 2. 0 we can also determine the Expected annual appreciation of Target’s Common Stock: 6. 6% Total Return – 2. 0 Dividend Yield = 4. % of E. A. A. With the previous information calculated we could proceed and calculate the Weighted Average Cost of Capital: wd = 31% ws = 69% rs = 6. 6% rd = 3. 875% Tax = 34. 3 WACC = wd ( 1 – T)rd + ws(rs) =31% ( 1 – 34. 3%) 3. 875% + (69% x 6. 6%) = 0. 053432 = 5. 3432% One of the last things used to evaluate in order to consider investing in a company is its Price Earnings Multiple. Target’s Price Earnings Multiple is calculated the following way: Stock Price= $62. 50 Earnings Per Share = $4. 50 P/E = Stock Price / EPS = 62. 50 / 4. 50 = 13. 89If we compare Target’s P/E ratio with Wal-Mart, which is in the same industry, (14. 03 P/E), Target’s P/E is within ndustry. http://finance. yahoo. com/q/bc? s=TGT+Basic+Chart&t=5y This chart was retrieved from Yahoo! Financial. In here we can see the performance of Target’s Stock (TGT) during the past five years. In 2008 Target’s started at approximately $55. 00; looking at 2009, the stock plummeted from the 60’s to the mid 20’s, which reflects the market crash. After this episode in the economy we can see that Target’s stock has re covered significantly.After performing the calculations, Target’s capital structure is optimal. However, the debt to capitalization ratio is high, at 50%. Target needs to lower its Long-Term Debt. Comparing Target’s debt to capital to the industry average, the industry average is 0. 36. However I would invest in Target. I think I would have an advantage over outsiders, because I used to work at Target Corporation. Target is a company that is constantly growing, and their sales demonstrate their market advantage over other retailers. What convinced me to invest into Target mostly was the P/E ratio.Comparing it to a corporation like Wal-Mart, which is really successful, Target’s P/E ratio is acceptable and attractive. References 1. Scovaner, Douglas A. (2011). Target 2011 Annual Report. Retrieved on November 18, 2012: https://corporate. target. com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report. pdf 2. Stock Analysis on n et. (2012). Retrieved on November 18, 2012. http://www. stock-analysis-on. net/NYSE/Company/Target-Corp/Ratios/Long-term-Debt-and-Solvency#Debt-to-Capital 3. Retrieved on November 18, 2012 http://ycharts. com/companies/TGT/pe_ratio 4.Yahoo! Finance. (2012). Retrieved on November 18, 2012. http://finance. yahoo. com/q/bc? s=TGT+Basic+Chart&t=5y ——————————————– [ 1 ]. https://corporate. target. com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report. pdf, page 5. [ 2 ]. http://www. stock-analysis-on. net/NYSE/Company/Target-Corp/Ratios/Long-term-Debt-and-Solvency#Debt-to-Capital [ 3 ]. https://corporate. target. com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report. pdf, [ 4 ]. http://ycharts. com/companies/TGT/pe_ratio

Five Guys Burger Essay Example | Topics and Well Written Essays - 750 words

Five Guys Burger - Essay Example This has helped the food chain beat other fast food cafes to become one of the leading cafes in USA. Five Guys Burger is guided by the philosophy that if someone is going to sell burgers and fries in a restaurant in an industry crowded with fast food chains selling burgers and fries, then they better do the products better than anyone else (Kurtz, 2012). They believed that they were in the business to sell burgers and the customers were the most important part of the business.They believed that the customers were favoring them by giving the five guys an opportunity to serve them. This helped the owners develop over 250,000 ways of ordering burger in order to reach the maximum number of customers. The chain produces burgers from freshly ground beef, which is never frozen. They also filled their menu with fat-free products, which have attracted preference from several customers. The original aim of the food chain was to provide healthy burgers and fries to customers, which would also b e ordered easily. The entrepreneurs introduced ingredients that were fat free and used meat that was not frozen (Longenecker, 2012). This created the need for fresh food that drew several customers. The food chain also targeted customers from all age groups. They introduced food that caters for the taste and preference of every person, including vegetarians. Serving customers was also part of their core values and they introduced thousands of ways of ordering burgers and fries. Customers receive unlimited free refills of their drinks and are served with peanuts as they wait for their orders to be processed (Motz, 2008). These aspects have made Five Guys Burgers a preferred source of fast food compared to other restaurants. Their burgers are larger than those of competitors and they have introduced naked pizza that is prepared locally. Food products such as burger buns are prepared at the stores from scratch to ensure freshness. Freshness is a major factor that has led to success for Five Guys Burgers. The food chain utilizes natural ingredients to prepare the burgers and fries. Potatoes are peeled in the stores and buns are prepared by the chefs from scratch (Rust and Raffetto, 2010). They utilized whole grain crusts, hormone-free meat, and fresh vegetables to prepare their food. Customer service has also contributed to success for the Five Guys Burger. The owners have developed applications for their phones that enable them to access customer invoices at any time and from any place. Technology has introduced several ways of ordering burgers and fries from the food chain at any location. Customers receive refills and peanuts as tokens as they wait for their orders, a move that has established the food chain as the most favorite among other restaurants. The activities of Five Guys and other local fast food restaurants have made competitors such as KFC and Mc Donald lose part of their market share. Five Guys and other locally established burger places give custo mers a better value for money, which has increased pressure on global competitors. Five Guys restrains from using frozen and dehydrated products for customers in order to set its taste apart from competitors. A business organization has to set itselfapart from competitors in order to gain a competitive advantage. Five Guys consider the customer to be the best sales man, a strategy that is not incorporated in other restaurants

Exploring Types of Literature Creatively Essay Example | Topics and Well Written Essays - 500 words

Exploring Types of Literature Creatively - Essay Example bsorbed herself in the bewitching moonlight, an idea floated in her mind, which compelled her go inside to bring the mobile set with her on return to the courtyard. She sat under the moon, and dialed a number and waited for the reply from the other side. Michael: (in a pleasant mood) â€Å"O no, never never my doll-like Eve, it is my pleasure that ye called me and remembered me even at late hours of night, when moon has spread its jubilance and mirth everywhere.† Eve: â€Å"OK, but it is his routine to keep sleep as soon as he enters his house, which is not fair at all. When one has been blessed with a comely and handsome wife, why shouldn’t he enjoy while making love with her?† Eve: (in a bit shy tone) : â€Å"You; you are the only obstacle on my way†¦.. Neither had you the courage to express your feelings before me, nor do you want to take me in the deep valleys of merry-making, you are just a selfish man.† Eve (soliloquy): â€Å"I couldn’t understand my relationship with Michael; being James’s wife, it is not fair to get involved into emotional or physical relationship with any other man, but if husband is unable to pay due heed to his charming wife, then she has every right to have connection with some other, even beyond her marital-knot, in order to soothe her mental and physical demands; I am a young and graceful lady, after all†¦.. (Pause) Eve: (again soliloquy) â€Å"How magnificently Michael admires my intellect, my imagination, my thoughts and my apparent charms, which James is unable to do. I really feel gratification, satisfaction, pleasure and recreation while sitting with him, in his arms, making fun, laughing, chatting, kitting jokes and shares all woes and worries of my life. I have no conscience to prick me stop meeting to Michael, as he is my companion, my love and soul-mate; so, I will never consider it as a sin, and will satisfy my desires till he is with me.† (In the meantime, she receives Michael’s message, where he informs her

Body Image Essay Example | Topics and Well Written Essays - 500 words

Body Image - Essay Example Teenage girls tend to view their bodies critically and may hold negative self-perceptions about their physical appearance. Teenage girls are much more likely than teenage boys to question their attractiveness. This negative self-concept is especially likely to be manifest as dissatisfaction with body shape. Girls in their early teens, or even among those who are younger if they achieve puberty early, frequently express dissatisfaction with their body size and appearance (Williams & Currie, 2000). The emergence of body image concerns is important because it may be associated with the appearance of disordered eating patterns. This is especially worrying when it occurs in early teen years that are in crucial period for physical growth. The more dissatisfied young girls are with their bodies, the more likely they are to undereat, with implications for their health and well-being. Males, in contrast, usually take a different view of their bodies. That is not to say that boys and young men are unconcerned about their body image, but rather than wanting to be thinner and more attractive, many males want to be more muscular with greater bulk. For males, this represents greater power. Whereas girls' self-concepts of attractiveness stem primarily from physical attractiveness, boys' self-concepts are linked to perceptions of physical effectiveness. Analyses of advertising content in